ANTON OILFIELD added new orders of 1.273 billion yuan in the third quarter

According to the announcement from ANTON OILFIELD (03337), in the third quarter, international oil prices fluctuated widely, global oil and gas investment remained active, and capacity expansion continued in the Middle East. The demand for natural gas in the power generation and industrial sectors showed steady growth, highlighting opportunities in the global supply chain, with strong demand for project development.

During the period, the Group leveraged its unique advantages in China and global layout, innovatively proposed the strategic positioning of "technical service operator," and participated in the acquisition and development of oil and gas resources through technological investment, promoting new business implementation through the model of "technology application + independent mining + revenue sharing." This model effectively strengthened the company's business competitiveness and laid the foundation for future breakthrough value growth.

In the third quarter, the Group added new orders worth RMB 1.273 billion, a decrease of 14.4% compared to the same period last year. Among them, new orders in the Iraqi market were approximately RMB 542 million, an increase of 8.4% year-on-year; new orders in other overseas markets were approximately RMB 160.6 million, a decrease of 54.4% year-on-year; and new orders in the Chinese market were approximately RMB 570 million, a decrease of 10.2% year-on-year.

In the overseas market, the Iraqi market development projects were active, with the Group winning bids for projects such as reservoir enhancement technology services, intelligent oilfield station construction, equipment leasing, and station operation and maintenance, with new orders in the quarter increasing by 8.4% year-on-year. In other overseas markets, the Group won bids for well repair and completion tool sales, with some large projects still in the bidding process, resulting in a year-on-year decrease of 54.4% in new orders.

In the Chinese market, the Group continued to focus on promoting the implementation of high-quality large projects. During the quarter, it won bids for orders such as oil casing inspection, reservoir enhancement technology services, oilfield trial repair services, and drilling tool leasing services. New orders in the Chinese market decreased by 10.2% year-on-year.

During the quarter, the Group advanced lean operations around strategic goals, achieving value realization through efficient project execution. The second and third joint management committee meetings for the Iraqi Defer Oilfield development project were successfully held, reaching multiple consensus on future work planning, laying a solid foundation for subsequent project development and commercial production. In other overseas markets, the Group's chemical business entered the South American market for the first time, rapidly advancing project delivery and continuously expanding new market business. In the Chinese market, the Group consistently focused on comprehensive solutions, continuously promoting breakthroughs and innovations in key technologies, creating breakthrough value for clients' reservoir research and production enhancement in various oilfield markets in Xinjiang and Southwest China.

During the quarter, the Group made dual efforts to continuously implement its globalization strategy and enhance internal management efficiency, achieving breakthroughs in external layout and optimizing internal systems in a coordinated manner, thereby solidifying the management foundation and providing strong support for high-quality business development.

In terms of global operational management, in September, the Group's Dubai Global Operations Center was officially inaugurated. As the core global strategic hub of the Group, this center will undertake key functions of resource integration and ecological co-construction: focusing on global market resource linkage, efficiently connecting international business networks, technological resources, and customer needs, assisting the Group in expanding its global business landscape; at the same time, deepening collaborative cooperation with domestic and foreign partners, promoting the Group's continuous entry into new circles, and laying a solid foundation for the Group to accelerate its transformation into a leading global green energy technology service company In terms of internal management, the Group is advancing system improvement and capability upgrading from multiple dimensions: continuously optimizing the global human resources system, focusing on expanding international talent recruitment channels, while simultaneously building a specialized talent development and training platform to reserve a core talent team suitable for global business expansion; completing the optimization and upgrading of the organizational structure, releasing updated management systems for the partner plan, while iterating and upgrading the core of corporate culture, strengthening organizational collaboration efficiency and team cohesion, and solidifying the foundation of the company's core competitiveness; continuously improving the financial management system, while actively constructing a diversified financing platform, optimizing capital allocation efficiency, and providing stable financial support for business development; deepening cost reduction and efficiency enhancement in supply chain management, achieving precise control of supply chain costs through process optimization and resource coordination, effectively improving the overall operational efficiency of the Group.

Looking ahead to the fourth quarter, the global oil and gas market is expected to continue to fluctuate due to factors such as oil and gas supply, geopolitical issues, and the Federal Reserve's resumption of interest rate cuts. In the face of the new industry landscape, the Group will firmly promote its globalization strategy, creating a new engine for long-term growth with a new business strategy, steadily moving towards the goal of becoming a "leading global company in green energy technology services."

In terms of the market, the Group will strengthen the management of key early indicators, coordinate market space and business opportunity leads, and promote comprehensive brand upgrades. The Group will continue to deepen its efforts in the Iraqi market, actively seize local oil and gas production increase opportunities, accelerate the landing of new projects, while laying out long-term large projects to cultivate sustainable growth momentum; in other overseas markets, the Group will simultaneously expand opportunities in other regions of the Middle East, Africa, and Southeast Asia, strengthening the conversion of business opportunities and order landing; in the Chinese market, the Group will continue to focus on the in-depth exploration of high-quality technical service projects and long-term large projects, relying on comprehensive market research and lean operations to create industry benchmarks and enhance brand influence.

In terms of products and technology, the Group will continue to improve and upgrade industry solutions, creating a technology solution system with core competitiveness; deepening independent technological innovation, collaborating with customers for joint innovation, and strengthening the ability to transform technological achievements; in the field of digital intelligence, constructing integrated geological engineering and leading, open digital oilfield solutions, developing independently controllable digital products, and building intellectual property barriers through core technology patent layout to consolidate technological competitive advantages.

In terms of management, the Group will deepen multidimensional system construction around strategic goals: in the human resources field, focusing on talent introduction and structural optimization, systematically enhancing team professional capabilities and global vision, and building a globalized, standardized, and digitalized human resources operation system; in the financial management field, strengthening system construction to enhance risk prevention capabilities, supporting multi-entity ecological development, while optimizing the debt structure, ensuring capital safety, and improving capital operation efficiency to provide guarantees for stable business growth; in terms of the financing system, a diversified and systematic layout will be constructed, with sufficient capital resource reserves to seize major market development opportunities, assisting the Group in achieving ecological transformation