---
title: "Offshore Oil Engineering Co., Ltd. (600583.SH)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/600583.SH.md"
symbol: "600583.SH"
name: "Offshore Oil Engineering Co., Ltd."
industry: "Energy Equipment and Services"
datetime: "2026-05-19T19:18:19.999Z"
locales:
  - [en](https://longbridge.com/en/quote/600583.SH.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/600583.SH.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/600583.SH.md)
---

# Offshore Oil Engineering Co., Ltd. (600583.SH)

## Company Overview

Offshore Oil Engineering Co.,Ltd engages in the design, procurement, construction, offshore installation, commissioning and maintenance of offshore oil and gas development projects in China and internationally. It engages in the engineering, general contracting business; development of offshore and shallow water oil and gas; providing professional solution for deep water jacket engineering, fabrication, and installation; and underwater production systems and SURF, as well as designs and develops LNG terminals, LNG storage tanks, and natural gas liquefaction plants. The company is also involved in modular construction; designing and procurement to construction and project management; offshore wind power and hydrogen energy business; marine ranching; green energy equipment; providing package engineering solutions for Subsea Production Systems; production separators, test separators, slug flow catchers, production water treatment equipment, pressure vessel skids, natural gas compressor skids, and digital intelligent products. In addition, it offers inspection and commissioning; IMR and decommissioning; digital simulation; and digital twin solution, as well as operates 19 vessels fleets and yards.

| Item | Detail |
|------|--------|
| Industry | Energy Equipment and Services |
| Exchange | CN Market |
| Website | [www.cnoocengineering.com](https://www.cnoocengineering.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:08.000Z

**Overall: C (0.52)**

**Industry**: Energy Equipment and Services

| Metric | Value |
|--------|-------|
| Industry Ranking | 8 / 29 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -7.89% |  |
| Net Profit YoY | -11.01% |  |
| P/B Ratio | 0.96 |  |
| Dividend Ratio | 0.00% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 27872107899.03 |  |
| Revenue | 27035831046.30 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 7.10% | C |
| Profit Margin | 7.32% | B |
| Gross Margin | 14.73% | D |
| Revenue YoY | -7.89% | D |
| Net Profit YoY | -11.01% | D |
| Total Assets YoY | -1.94% | D |
| Net Assets YoY | 0.66% | C |
| Cash Flow Margin | 105.45% | C |
| OCF YoY | -7.89% | D |
| Turnover | 0.56 | C |
| Gearing Ratio | 39.82% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Offshore Oil Engineering Co., Ltd.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-7.89%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-11.01%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "0.96",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "0.00%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "27872107899.03",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "27035831046.30",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "7.10%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "7.32%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "14.73%",
          "rating": "D"
        },
        {
          "name": "Revenue YoY",
          "value": "-7.89%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-11.01%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "-1.94%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "0.66%",
          "rating": "C"
        },
        {
          "name": "Cash Flow Margin",
          "value": "105.45%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "-7.89%",
          "rating": "D"
        },
        {
          "name": "Turnover",
          "value": "0.56",
          "rating": "C"
        },
        {
          "name": "Gearing Ratio",
          "value": "39.82%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 13.88 | 2/29 | 14.40 | 12.03 | 11.18 |
| PB | 0.95 | 2/29 | 1.08 | 0.93 | 0.89 |
| PS (TTM) | 1.02 | 5/29 | 1.09 | 0.89 | 0.84 |
| Dividend Yield | 0.00% | - | 3.73% | 3.60% | 2.98% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Jereh Group (002353.SZ) | B | B | C | B | B | B |
| 02 | DEVELOP (688377.SH) | C | B | C | B | B | B |
| 03 | Shandong Molong (002490.SZ) | D | A | B | E | A | B |
| 04 | Lanpec (601798.SH) | C | A | C | C | A | B |
| 05 | COSL (601808.SH) | C | C | B | C | B | C |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-05T16:00:00.000Z

Total Analysts: **3**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 2 | 67% |
| Overweight | 1 | 33% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 6.22 |
| Highest Target | 7.68 |
| Lowest Target | 7.10 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/600583.SH/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/600583.SH/norm.md)
- [Related News](https://longbridge.com/en/quote/600583.SH/news.md)
- [Filings — Company announcements and regulatory filings](https://longbridge.com/en/quote/600583.SH/filings.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**