Oil & Gas

China's leading offshore contractor Offshore Oil Engineering Company (COOEC) soared to unprecedented financial heights last year, boasting sales revenue of 30.752 billion yuan ($4.3 billion).

Profits surged to a seven-year pinnacle, reaching 1.912 billion yuan, with net profits attributable to shareholders climbing 11% year-on-year to 1.621 billion Yuan.

By the close of december 2023,the company's total assets stood at 43.252 billion Yuan, with net assets attributable to share holders at 24.795 billion Yuan maintaining an asset liability ratio of 38.09%.