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CNOOC's offshore engineering arm, designing and building offshore oil and gas platforms and subsea infrastructure.
CNOOC's offshore engineering arm, designing and building offshore oil and gas platforms and subsea infrastructure.
Paid by contract to engineer, build and install offshore platforms, subsea pipelines and modules, with revenue booked as work progresses. CNOOC, the state oil group that controls it, is the anchor customer, so results follow CNOOC's offshore development plans, while overseas contracts such as in the Middle East add outside work.
In one line: China's McDermott International for offshore platform EPC.
Moat: narrow (scale, customer qualification). Large fabrication yards and CNOOC affiliation give scale advantages in offshore EPC.
Headquarters: Tianjin, China · Employees: 9,994
Size Offshore Oil Engineering (600583.SS) is a China Industrials company (Engineering & Construction) with a market value of $4.22B, the 608th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.37 on 6 Nov 2026.
Performance Over six months the shares fell 5.9%, against -11.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +15.1%); the operating margin is 7.6% (peer median 7.4%).
Valuation It trades at 12.1× forward earnings against a peer median of 18.5× (6th cheapest of 21).
Capital Return on invested capital runs 16.8 points above its cost of capital (5.6% WACC).
Next results Next results expected around 23 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥29.0B | CN¥27.1B | CN¥29.9B | CN¥30.7B | CN¥29.2B |
| Revenue growth | — | -9% | -3% | +5% | — |
| Gross profit | CN¥5.40B | CN¥3.64B | CN¥3.58B | CN¥3.21B | CN¥2.50B |
| EBITDA | n/a | CN¥3.82B | CN¥3.71B | CN¥2.83B | CN¥2.00B |
| Net income | CN¥2.16B | CN¥2.08B | CN¥2.16B | CN¥1.62B | CN¥1.46B |
| Free cash flow | CN¥3.67B | CN¥2.75B | CN¥3.24B | CN¥4.57B | CN¥3.03B |
| Capital expenditure | CN¥1.19B | CN¥1.09B | CN¥947M | CN¥847M | CN¥470M |
| Total debt | CN¥1.13B | CN¥1.37B | CN¥1.33B | CN¥752M | CN¥1.05B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Offshore Oil Engineering 600583.SS | $4.22B | -6% | +7% | 8% | 12.1× | n/a |
| Saipem SPM.MI | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% |
| Subsea 7 SUBC.OL | $9.71B | -5% | -2% | 13% | 12.4× | -2.4% |
| Seatrium 5E2.SI | $4.77B | -19% | +11% | 4% | 13.0× | 4.0% |
| Hanwha Ocean 042660.KS | $10.7B | -64% | +18% | 13% | 8.7× | -12.4% |
| SamsungHvyInd 010140.KS | $10.2B | -50% | +30% | 27% | 13.3× | -20.3% |
| Technip Energies TE.PA | $6.83B | -8% | +2% | 4% | 18.9× | -6.5% |
| Worley WOR.AX | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 600583.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -4.1% | 11th highest of 21 |
| 6-month return | -5.9% | -11.6% | 8th highest of 21 |
| Distance from 52-week high | -26.9% | -41.0% | 9th highest of 21 |
| Revenue growth (TTM) | +6.8% | +15.1% | 8th lowest of 21 |
| Operating margin | 7.6% | 7.4% | 11th highest of 21 |
| Forward P/E | 12.1× | 18.5× | 6th cheapest of 21 |
| ROIC minus cost of capital | +16.8 pp | +2.8 pp | 5th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Offshore Oil Engineering 600583.SS | China | $4.22B | -6% | +7% | 8% | 12.1× | n/a | n/a |
| China Nuclear Engineering and Construction 601611.SS | China | $4.22B | -29% | -14% | 4% | 26.9× | n/a | n/a |
| Rail Vikas Nigam RVNL.NS | India | $4.27B | -37% | +5% | 4% | 46.0× | n/a | n/a |
| MYR MYRG | United States | $4.09B | -40% | +23% | 6% | 18.1× | 14.0% | +10.2% |
| Construction Partners ROAD | United States | $4.38B | -45% | +42% | 9% | 26.5× | 12.5% | +29.1% |
| Arcadis ARCAD.AS | Netherlands | $4.42B | +31% | -1% | 6% | 15.0× | 5.5% | +8.1% |
| Central New Energy 1735.HK | Hong Kong | $4.42B | -11% | +76% | 1% | 63.1× | n/a | n/a |
| INFRONEER 5076.T | Japan | $4.44B | +2% | +44% | 6% | 6.2× | 0.0% | +10.7% |
| Guangdong Provincial Expressway Development 000429.SZ | China | $4.01B | +9% | +1% | 58% | 18.2× | n/a | n/a |
| Zhejiang Weiming Environment Protection 603568.SS | China | $4.01B | -27% | -25% | 36% | 11.0× | 6.4% | +15.0% |
| Exponent EXPO | United States | $3.99B | +37% | +15% | 21% | 32.6× | 10.8% | +7.8% |
| Wuxi Taiji Industry 600667.SS | China | $3.98B | +32% | -14% | 3% | 21.9× | 13.0% | +11.5% |
| Everus Construction ECG | United States | $3.91B | -53% | +33% | 8% | 12.2× | 13.9% | +11.5% |
| China Everbright Environment 0257.HK | Hong Kong | $3.91B | -11% | -5% | 29% | 7.0× | -0.1% | -8.5% |
| Argan AGX | United States | $3.89B | -59% | +29% | 15% | 20.5× | 0.3% | +19.2% |
| Guangdong Hongda 002683.SZ | China | $3.86B | -7% | +15% | 10% | 23.7× | 4.9% | +26.1% |
| Koninklijke BAM Groep BAMNB.AS | Netherlands | $3.85B | +37% | +7% | 3% | 11.5× | -5.2% | +0.8% |
| L&K Engineering 6139.TW | Taiwan | $3.81B | -23% | +78% | 17% | 6.5× | -9.1% | +41.0% |
| Tutor Perini TPC | United States | $4.73B | +8% | +25% | 4% | 18.8× | 9.6% | +0.8% |
| MAIRE MAIRE.MI | Italy | $4.81B | -12% | +7% | 7% | 14.7× | 2.9% | +22.1% |
| China Southern Power Grid Technology 688248.SS | China | $3.71B | -20% | +28% | 12% | 47.6× | 25.8% | +27.0% |