601808: China Oilfield Services Limited(601808) announcement of annual performance reduction in 2021

Securities code: 601808 securities abbreviation: China Oilfield Services Limited(601808) Announcement No.: pro 2022-004 China Oilfield Services Limited(601808)

Announcement of annual performance reduction in 2021

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

China Oilfield Services Limited(601808) (“the company”) expects the net profit attributable to the shareholders of the company calculated in accordance with Chinese accounting standards in 2021 to decrease by RMB 2.35 billion to RMB 2.47 billion compared with the same period of last year, a year-on-year decrease of 87% to 91%.

The main reason for this performance reduction: it is estimated that the company will withdraw the impairment loss of fixed assets of about RMB 2.01 billion in 2021.

1、 Performance forecast of the current period (in accordance with Chinese accounting standards)

(I) performance forecast period

From January 1, 2021 to December 31, 2021.

(II) performance forecast

1. After preliminary calculation, it is estimated that the net profit attributable to shareholders of Listed Companies in 2021 will decrease by RMB 2.35 billion to RMB 2.47 billion compared with the same period of last year (statutory disclosure data), a year-on-year decrease of 87% to 91%.

2. Compared with the same period of last year (legally disclosed data), the net profit attributable to shareholders of listed companies after deducting non recurring profits and losses will decrease by RMB 2.34 billion to RMB 2.46 billion, a year-on-year decrease of 101% to 106%.

(III) the performance forecast of the current period has not been audited by certified public accountants.

2、 Performance in the same period of last year (in accordance with Chinese accounting standards)

(I) net profit attributable to shareholders of the company: RMB 2.7 billion. Net profit attributable to shareholders of the company after deducting non recurring profits and losses: RMB 2.31 billion.

(II) earnings per share: RMB 0.57.

3、 Main reasons for performance reduction in the current period

Under the influence of multiple factors such as the continuous global New Coronavirus pneumonia epidemic, the international oil and gas industry fluctuation and the accelerated transformation of the energy industry, the international oil companies are still cautious in their investment in oil and gas exploration and development. The operating price and utilization rate of some large equipment of the company are low, showing signs of impairment. It is estimated that the impairment loss of fixed assets will be about RMB 2.01 billion in 2021.

4、 Risk tips

The company has no major uncertain factors that may affect the accuracy of the performance forecast.

5、 Other explanatory matters

The above forecast data are only preliminary accounting data and have not been audited by certified public accountants. The specific and accurate financial data shall be subject to the audited 2021 annual report officially disclosed by the company. Please pay attention to the investment risks.

It is hereby announced.

China Oilfield Services Limited(601808) board of directors January 22, 2022

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