ANTON OILFIELD (03337) added new orders of 1.273 billion yuan in the third quarter.

ANTON OILFIELD (03337) announces that in the third quarter, international oil prices fluctuated widely, global oil and gas investments remained active, and the Middle East region continued to expand production capacity. Natural gas saw steady growth in demand in the power generation and industrial sectors, with opportunities in the global industrial chain becoming more prominent and project development demand strong. During the period, the Group leveraged its Chinese advantages and global layout, innovatively proposing a "technology service operator" strategic positioning. By participating in oil and gas resource acquisition and development through technology investment, the Group advanced new business with a model of "technology application + independent extraction + 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 orders worth RMB 1.273 billion, a decrease of 14.4% compared to the same period last year. In the Iraq market, new orders amounted to approximately RMB 0.542 billion, an increase of 8.4% from the same period last year; in other overseas markets, new orders amounted to approximately RMB 0.1606 billion, a decrease of 54.4% from the same period last year; and in the Chinese market, new orders amounted to approximately RMB 0.57 billion, a decrease of 10.2% from the same period last year. In overseas markets, projects in the Iraq market were active, with the Group winning orders for enhanced oil recovery technology services, intelligent oilfield station construction, equipment leasing, and station operation and maintenance. Orders in the quarter increased by 8.4% year-on-year. In other overseas markets, the Group won projects such as well repair and completion tool sales, with some large projects still in the process of bidding evaluation, leading to a 54.4% decrease in new orders. In the Chinese market, the Group continued to focus on promoting the landing of high-quality large projects. Orders in the quarter included bids for oil casing inspection, enhanced oil recovery technology services, oilfield trial repair services, and drilling tool leasing services. In the quarter, new orders in the Chinese market decreased by 10.2% year-on-year. In the quarter, the Group advanced lean operations around its strategic objectives, using efficient project execution as the path to realize value creation. The development project in the Dehloran oil field in Iraq successfully held its second and third joint management committee meetings, reaching consensus on future work plans to solidify the foundation for the project's subsequent 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 deliveries and expanding new market business. In the Chinese market, the Group continued to focus on comprehensive solutions, pushing forward key technological breakthroughs and innovations in multiple oil field markets in regions like Xinjiang and Southwest China to create breakthrough value for customers in reservoir research and production efficiency improvement. In the quarter, the Group worked on both the continuous implementation of its globalization strategy and the enhancement of internal management efficiency, driving external layout breakthroughs in tandem with internal system optimization to comprehensively strengthen its management foundation, providing robust support for high-quality business development. In terms of global operations management, in September, the Group's global operations center in Dubai officially reopened as a key strategic hub for the Group, undertaking vital functions of resource integration and ecosystem building. Focusing on global market resource linkage, the center effectively connects international business networks, technology resources, and customer needs, helping the Group expand its global business map. At the same time, the Group deepened collaboration with domestic and international partners to continuously enter new sectors, laying a solid foundation for the Group to accelerate towards becoming a leading global company in green energy technology services. In terms of internal management, the Group advanced system improvements and capability upgrades from multiple dimensions: continuously optimizing the global human resources system, expanding international talent recruitment channels, and setting up a professional talent development and training platform to build a core talent team adaptable to the expansion of global business; completing organizational optimization and upgrading, releasing updated partner plan management series systems, and iteratively upgrading the core of corporate culture to strengthen organizational collaboration efficiency and team cohesion, solidifying the foundation of the company's core competitive strengths; continually improving the financial management system while actively constructing a diversified financing platform, optimizing fund allocation efficiency to provide stable financial support for business development; deepening cost reduction and efficiency improvement efforts in the supply chain management field, achieving precise control of supply chain costs through process optimization and resource coordination, effectively enhancing the overall operating 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, the Fed's interest rate cuts, etc. In response to the new industry landscape, the Group will firmly advance its globalization strategy, creating a new business strategy to build a long-term growth engine and steadily move towards the goal of becoming a leading global company in green energy technology services. In the market, the Group will strengthen key early indicators management, coordinate market space and business opportunities, and promote comprehensive brand upgrades. The Group will continue to focus on the Iraq market, actively seize local oil and gas production opportunities, accelerate the landing of new projects, and layout long-term large projects to nurture sustainable growth momentum. In other overseas markets, the Group will vigorously expand opportunities in the Middle East, Africa, and Southeast Asia markets, enhance business conversion and order realization; in the Chinese market, the Group will continue to focus on high-quality technology service projects and in-depth exploration of long-term large projects, relying on comprehensive market research and lean operations to build an industry benchmark and enhance brand influence. In terms of products and technology, the Group will continue to enhance and upgrade industry solutions, building a system of technology solutions with core competitive strengths; deepen independent technological innovation, collaborate with customers in joint innovation, and strengthen the ability to transform technological achievements; in the digital intelligence field, construct integrated digital oil field solutions that combine geological engineering with leading and open technologies, develop independently controllable digital products, and build a knowledge property barrier through core technology patent layout to consolidate technological competitive advantages. In management, the Group will deepen multi-dimensional system construction around strategic objectives: in the field of human resources, focusing on talent recruitment and structural optimization, systematically enhancing team expertise and global perspective, and building a globalized, standardized, and digitalized human resources operation system; in financial management, strengthening system construction to enhance risk prevention capabilities, support multi-party ecological development, optimize liability structures, safeguard fund security, enhance fund operation efficiency, and provide support for steady business growth; in the financing system, building a diversified and systematic layout with sufficient capital reserves to seize market development opportunities, assisting the Group in achieving ecological transformation.