The offshore installation of Asia's first deepwater conduit rack “Haiji II” was completed, the construction and installation of Asia's first cylindrical FPSO “Anemone I” was completed, and the construction of the second phase of the first domestic deepwater high-pressure gas field “Deep Sea I” was completed. “The construction of the second phase of the project was completed. ......2024 In the first half of the year, Haiyang Petroleum Engineering Company Limited (hereinafter referred to as “Haiyang Petroleum Engineering”) reported a lot of successes. A few days ago, Haiyang Oil Engineering released the 2024 half-year report to the public.

According to the data of the report, in the first half of 2024, Haiyang Shiyou Engineering realized sales revenue of RMB 13.429 billion, total profit of RMB 1.416 billion, maintaining a higher level in the same period, and net profit attributable to shareholders of the listed company of RMB 1.197 billion, representing a year-on-year increase of 21.69%. As at the end of June 2024, total assets amounted to RMB46.220 billion and net assets attributable to shareholders of the listed company amounted to RMB25.338 billion, with steady growth in assets and abundant cash flow.

In addition, Haiyang Oil Engineering has made breakthroughs in major engineering construction capacity and successfully completed a number of landmark projects. Among them, the successful completion of the offshore installation of Asia's first deepwater conduit rack - “Haiji No. 2” marks the realization of a new upgrade of “Haiji” deepwater series products, and the design and construction technology of all types of floating production and storage and offloading units has achieved a high level of autonomy. The design and construction technology of all types of floating production, storage and offloading (FPSO) units has achieved a high level of autonomy; Haikui No. 1, Asia's first cylinder-type FPSO, was successfully built, and its construction cycle was shortened by nearly 50% compared with the same type of products in the international arena, which further enhanced Haiyang Shiyou's right to speak in the industry in the field of high-end FPSO construction. In addition, Haiyuan Engineering has successfully completed the construction of the second phase of the first deepwater high-pressure gas field in China, which has effectively boosted the peak annual production of the ultra-deepwater field by 50%, contributing significantly to the country's energy security. In terms of green energy transformation, Haiyang Oil has been working hard on the project. In terms of green energy transformation, Haiyang Oil Engineering successfully promoted the commissioning of Tianjin LNG Phase II and Zhangzhou LNG projects, and efficiently completed the offshore installation of Qingzhou Six, the largest offshore booster station conduit rack in China in terms of capacity.

Focusing on the strategic layout and market development strategy, Haiyang Oil Engineering actively promoted market development, and the overall market situation was good. In the first half of the year, the newly signed contracts amounted to more than 12.5 billion yuan, of which the newly signed overseas contracts amounted to nearly 5 billion yuan, accounting for about 40% of the total newly signed contracts in the first half of the year. Overseas market development has been progressing steadily, and during the reporting period, we successfully contracted the CRPO125/126 conduit rack transportation and installation project of Saudi Aramco, and the turnkey project for the development of Phase IV of POSCO, etc. As of the end of the reporting period, the orders in hand amounted to over RMB12.5 billion. As of the end of the reporting period, the total orders on hand amounted to approximately RMB38.8 billion, providing strong support for the sustainable development of the business. In the second half of the year, Haiyang Shiyou Engineering will take the core task of unimpeded domestic and international double-circulation and consolidation of the position as a general contractor of international engineering packages, and will make every effort to forge a new capacity for high-quality development.

As the “blue granary”, the marine economy contains huge development energy. Relying on the advantages of location, Tianjin Port Free Trade Zone has formed five major fields of marine oil and gas equipment, high-tech ships, seawater desalination equipment, port and waterway engineering equipment, and marine energy development and utilization equipment, which cover the industrial system of “R & D and design, parts and components, assembly and manufacturing, and ancillary services”, realizing “10 billion industry scale and 100 billion industry chain revenue”. -Assembly manufacturing - supporting services” industrial system, to achieve ‘10 billion industry scale, 100 billion industry chain revenue’. In the future, the Free Trade Zone will continue to increase support for the offshore equipment industry, promote industrial innovation and upgrading, promote the synergistic development of the upstream and downstream industry chain, and contribute to the prosperity of China's marine engineering equipment industry.