SINOPEC SSC (01033) opened more than 8% higher. As of writing, the stock was up 8.08% at HK$1.07, with a turnover of HK$103.704 million. The company recently announced its 2025 results, reporting revenue of approximately RMB 80.712 billion, down 0.5% year-on-year. Net profit attributable to shareholders was about RMB 659 million, an increase of 4.3% compared to the previous year. Net profit after deducting non-recurring gains and losses reached roughly RMB 451 million, surging 237.9% year-on-year. Basic earnings per share stood at RMB 0.035. In 2025, the company secured new contracts totaling RMB 95.6 billion, up 4.8% year-on-year, marking a record high. Among these, new contracts from the SINOPEC Group market amounted to RMB 50.3 billion, rising 7.0% year-on-year. New contracts in the domestic external market were RMB 18.6 billion, declining 6.5% year-on-year. Overseas market new contracts reached RMB 26.7 billion, growing 9.9% year-on-year. Everbright Securities noted that SINOPEC SSC's net profit attributable to shareholders and gross margin showed steady growth in 2025, with continued improvement in operational quality. The firm believes that, amid favorable conditions in the petroleum engineering sector and sustained high upstream capital expenditure by the parent company, SINOPEC SSC is well-positioned to benefit. Looking ahead, geopolitical tensions in the Middle East remain unpredictable, posing challenges to China's energy supply chain security and underscoring the importance of ensuring independent and controllable energy supply. The petroleum engineering industry is expected to maintain its positive momentum.