ANTON OILFIELD (03337) Second quarter new orders of 3.012 billion yuan, an increase of 14.2% year-on-year.

ANTON OILFIELD (03337) announces that in the second quarter, international oil prices fluctuated widely due to factors such as US tariff policies, geopolitical tensions, and OPEC+ production increases. Capital expenditure in the oil and gas upstream sector overall remained resilient, with a growing focus on improving efficiency in oil and gas development. The global energy transition continues to progress, with a continuous increase in natural gas demand. During the quarter, the Group focused on addressing efficiency challenges facing the global oil and gas industry, continued to optimize industry solutions, promoted business model transformation, and strengthened core competencies in oil and gas development and utilization efficiency services within five major business segments: marginal oil and gas resource development, oilfield management services, oilfield technology services, natural gas utilization, and AI-enabled oil and gas development. By accelerating the implementation of the full life cycle management model and integrating a global strategic vision with local execution capabilities, the Group continues to support customers in achieving efficient oil and gas development and maximizing the value of natural gas resources. In the second quarter, the Group's new orders totaled RMB 3.012 billion, a 14.2% increase from the same period last year. Among them, new orders in the Iraqi market increased by approximately RMB 1.812 billion, a 20.5% increase from the same period last year; new orders in other overseas markets increased by approximately RMB 0.287 billion, a 69.3% increase from the same period last year; new orders in the Chinese market decreased by approximately RMB 0.913 billion, a 5.4% decrease from the same period last year. In overseas markets, in Iraq, the Group renewed an integrated oilfield management project order in the quarter. Additionally, service orders for oilfield operation and maintenance, continuous pipeline operations, oilfield intelligent system construction, and inspection projects increased by 20.5% year-on-year in the quarter; in other overseas markets, the Group entered new markets, winning a bid for a natural gas utilization project in Sarawak, Malaysia, marking the first breakthrough in natural gas utilization business in that market. In Chad, the Group won a contract for mud technology services, and in Kazakhstan, won a contract for downhole operation tool sales, leading to a 69.3% increase in new orders year-on-year. In the Chinese market, the Group focused on the implementation of high-quality large projects to promote healthy business growth. New order projects included unconventional gas well fracturing services, drilling testing services, production enhancement technology services, and drilling tool inspections. In the quarter, new orders in the Chinese market decreased by 5.4% compared to the same period last year. During the quarter, the Group continued to push for lean operations and efficient project execution. In the Iraqi market, the Group successfully held the second Joint Management Committee meeting for the Deforay Oilfield development project, reaching consensus on field development and laying a solid foundation for project progress. Additionally, the Group signed an agreement for the expansion of the Deforay Oilfield contract area, increasing the field area by approximately 20% to 440 square kilometers, creating favorable conditions for further unlocking the development potential of the oilfield; in other overseas markets, in June, the Group won the bid for the commercialization of the Sarawak natural gas OPF project in Malaysia, marking a solid step forward in the natural gas utilization business segment. The Group rapidly formed a specialized project team to advance high-quality project construction, with the team's technical coordination and execution capabilities in cross-border projects earning high customer recognition; in the Chinese market, the Group focused on providing comprehensive solutions, driving technological breakthroughs, and creating value for customers through continuous innovation and high-quality project execution. In May, the Group successfully implemented the first polymer dry powder fracturing well in a domestic oilfield block, achieving a major breakthrough with a production increase of over three times, providing strong support for subsequent large-scale efficient development. As of June 30, 2025, the Group's backlog orders totaled approximately RMB 16.352 billion, with orders in the Iraqi market totaling approximately RMB 7.224 billion, accounting for approximately 44.2% of the Group's total backlog, orders in other markets totaling approximately RMB 1.514 billion, accounting for approximately 9.3% of the Group's total backlog, and orders in the Chinese market totaling approximately RMB 7.614 billion, accounting for approximately 46.5% of the Group's total backlog.