---
title: "Sinopec Oilfield Service Posts Higher Revenue but Weaker Profit and Cash Flow in Q1 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284347122.md"
description: "Sinopec Oilfield Service reported Q1 2026 operating income of RMB 18.27 billion, a 2.4% increase year-on-year. However, net profit fell 6.2% to RMB 204.75 million, with earnings per share dropping to RMB 0.011. Cash inflow from operations decreased by 62.5% to RMB 624.83 million, indicating profitability pressures. Total assets slightly declined by 0.9% to RMB 76.59 billion, while total equity rose 3.9% to RMB 9.61 billion. Analysts rate the stock as a Buy with a target price of HK$1.00."
datetime: "2026-04-28T08:40:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284347122.md)
  - [en](https://longbridge.com/en/news/284347122.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284347122.md)
---

# Sinopec Oilfield Service Posts Higher Revenue but Weaker Profit and Cash Flow in Q1 2026

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Sinopec Oilfield Service ( (HK:1033) ) has shared an announcement.

Sinopec Oilfield Service Corporation reported first-quarter 2026 operating income of RMB 18.27 billion, a 2.4% year-on-year increase, while net profit attributable to equity shareholders slipped 6.2% to RMB 204.75 million. Basic and diluted earnings per share fell to RMB 0.011, and net cash inflow from operating activities declined sharply by 62.5% to RMB 624.83 million, reflecting pressure on profitability and cash generation despite modest revenue growth.

Total assets edged down 0.9% from year-end 2025 to RMB 76.59 billion, while total equity attributable to shareholders rose 3.9% to RMB 9.61 billion, indicating some strengthening of the balance sheet. Excluding extraordinary items, underlying net profit fell 7.5%, suggesting that core operations face margin headwinds in a challenging oilfield services environment, with implications for returns to shareholders and the company’s near-term financial flexibility.

The most recent analyst rating on (HK:1033) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Sinopec Oilfield Service stock, see the HK:1033 Stock Forecast page.

**More about Sinopec Oilfield Service**

Sinopec Oilfield Service Corporation is a Hong Kong- and Shanghai-listed oilfield services provider established in the People’s Republic of China. The company delivers technical services and engineering support to the upstream energy sector, focusing on exploration, drilling, and related oilfield operations for Sinopec Group and other industry clients.

**Average Trading Volume:** 311,395,112

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$45.53B

Learn more about 1033 stock on TipRanks’ Stock Analysis page.

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