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Sinopec Oilfield Service Corp (600871.SS)

600871.SS on Shanghai Stock Exchange

2.40CNY
19 Jul 2019
Change (% chg)

¥0.02 (+0.84%)
Prev Close
¥2.38
Open
¥2.39
Day's High
¥2.42
Day's Low
¥2.39
Volume
12,332,036
Avg. Vol
52,012,565
52-wk High
¥3.35
52-wk Low
¥1.82

Latest Key Developments (Source: Significant Developments)

Sinopec Oilfield Service Says Unit Received Approval For Judicial Reorganization Plan From Court Of Rio
Thursday, 18 Jul 2019 

July 18 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::BRAZIL UNIT RECEIVED RULING FROM COURT OF RIO ON APPROVAL OF JUDICIAL REORGANIZATION PLAN OF BRAZIL UNIT.INITIAL ESTIMATED COST RELATING TO JUDICIAL REORGANIZATION PLAN IS ABOUT RMB370 MILLION.IF BRAZIL UNIT FAILS TO PERFORM JUDICIAL REORGANIZATION PLAN IN 2 YEARS, CREDITORS MAY APPLY FOR BANKRUPTCY & LIQUIDATION.  Full Article

FTS International's Unit, Sinopec Oilfield Service Corp Approve Buyout Agreement
Friday, 26 Apr 2019 

April 26 (Reuters) - FTS International Inc ::ON APRIL 25, SINOPEC OILFIELD SERVICE CORPORATION ANNOUNCED THAT ITS BOARD APPROVED A BUYOUT AGREEMENT WITH UNIT - SEC FILING.UNDER AGREEMENT, CO WOULD CONDITIONALLY AGREE TO SELL ALL OF ITS 45% EQUITY OWNERSHIP IN SINOFTS PETROLEUM SERVICES LTD TO SINOPEC OFS.PURCHASE PRICE EXCLUDING TAX REIMBURSEMENTS TO BE PAID BY SINOPEC OFS, IS $26.9 MILLION.SINOPEC OFS WILL ALSO PAY CO A ROYALTY FEE, EXCLUDING TAX REIMBURSEMENTS, OF $5.8 MILLION FOR INTELLECTUAL PROPERTY RIGHTS.TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2019.  Full Article

Sinopec Oilfield Service Corp Posts Qtrly Net Profit Attributable RMB 188.2 Mln
Thursday, 25 Apr 2019 

April 25 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::QTRLY NET PROFIT ATTRIBUTABLE RMB 188.2 MILLION VERSUS RMB30.1 MILLION.QTRLY OPERATING INCOME RMB13.46 BILLION VERSUS RMB10.27 BILLION.  Full Article

Sinopec Oilfield Service Corp Says Prelim Net Profit Attributable Will Be About RMB 188 Mln In Q1 2019
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::PRELIM NET PROFIT ATTRIBUTABLE TO EQUITY SHAREHOLDERS OF COMPANY WILL BE APPROXIMATELY RMB 188 MILLION IN Q1 OF 2019.  Full Article

Sinopec Oilfield Service Returns To Profit In 2018
Monday, 25 Mar 2019 

March 25 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>1033.HK::SAYS 2018 NET PROFIT AT 142.06 MILLION YUAN ($21.17 million).SAYS IT APPLIES TO WITHDRAW DELISTING RISK WARNING AFTER IT RETURNED TO NET PROFIT IN 2018.  Full Article

Sinopec Oilfield Service To Acquire Certain Assets From Nanjing Weinuo
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::SINOPEC OILFIELD SERVICE ANNOUNCES ACQUISITION OF PART OF ASSETS LOCATED IN CERTAIN DOMESTIC REGIONS AND JIANGSU OILFIELD ASSET INTERESTS.TOTAL VALUATION AMOUNT OF TARGET ASSETS RMB82.4 MILLION.UNIT TO ACQUIRE ASSET INTERESTS IN JIANGSU OILFIELD & PART OF ASSETS LOCATED IN DOMESTIC REGIONS, SUDAN & UKRAINE.  Full Article

Sinopec Oilfield Service's Board Elects Liu Zhongyun As Chairman
Monday, 24 Dec 2018 

Dec 24 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>1033.HK::SAYS BOARD ELECTS LIU ZHONGYUN AS CHAIRMAN.  Full Article

Sinopec Oilfield Service Considered & Approved Resolution On Provision Of Guarantee For Units On 7 Nov
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::CONSIDERED & APPROVED RESOLUTION ON PROVISION OF GUARANTEE FOR UNITS ON 7 NOV 2018.AGREES UNITS MAY USE PART OF CO'S CREDIT FACILITIES TO ISSUE LETTER OF BANK GUARANTEE & LETTER OF CREDIT TO EXTERNAL PARTIES.MAXIMUM AMOUNT OF JOINT AND SEVERAL GUARANTEE LIABILITIES UNDERTAKEN BY CO FOR CREDIT GUARANTEE SHALL NOT EXCEED RMB8 BILLION.TO PROVIDE PERFORMANCE GUARANTEE FOR UNITS TO ENSURE WHEN UNIT LOSES CONTRACT CAPABILITY, CO WILL PERFORM CONTRACT INSTEAD.MAX AMOUNT OF JOINT & SEVERAL GUARANTEE LIABILITIES UNDERTAKEN BY CO FOR PERFORMANCE GUARANTEE SHALL NOT EXCEED RMB18.0 BILLION.  Full Article

Sinopec Oilfield Service Corp Posts Qtrly Net Profit Attributable Of RMB39 Mln
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>::QTRLY OPERATING INCOME RMB13.53 BILLION VERSUS RMB10.18 BILLION.QTRLY NET PROFIT ATTRIBUTABLE RMB39 MILLION VERSUS LOSS RMB1.02 BILLION.  Full Article

Sinopec Oilfield Service Sees 9-Month Net Profit At 440 Million Yuan
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - Sinopec Oilfield Service Corp <600871.SS>1033.HK::SAYS IT SEES 9-MONTH NET PROFIT AT 440 MILLION YUAN VERSUS NET LOSS OF 3.3 BILLION YUAN ($476.27 million) YEAR EARLIER.  Full Article