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spt energy group inc (1251) Details

SPT Energy Group Inc., an investment holding company, provides integrated oilfield services and related products in the People’s Republic of China, the Republic of Kazakhstan, Singapore, and Canada. The company operates through three segments: Reservoir Services, Drilling Services, and Well Completion Services. The Reservoir Services segment provides geology research and oil reservoir research, dynamic monitoring, oil testing, oil recovery technology, and coiled tubing services, as well as maintenance service of surface production devices. The Drilling Services segment offers drilling rig, workover rig, cementing, and drilling fluid services, as well as vertical drilling, horizontal drilling, side tracking, under balance drilling, and fine managed pressure drilling technology services. The Well Completion Services segment is involved in manufacturing and trading well completion tools; and provision of related and stimulation fracturing services. The company was founded in 1998 and is headquartered in Beijing, the People's Republic of China.

3,013 Employees
Last Reported Date: 04/26/17
Founded in 1998

spt energy group inc (1251) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: CNY569.0K
Executive President and Executive Director
Total Annual Compensation: CNY310.0K
Compensation as of Fiscal Year 2016.
spt energy group inc
SPT Energy Group Inc. Announces Audited Consolidated Cash Flow Results for the Year Ended December 31, 2016

SPT Energy Group Inc. announced audited consolidated cash flow results for the year ended December 31, 2016. For the quarter, the company reported net cash used in operating activities of RMB 82,270,000 against RMB net cash generated from operating activities of RMB 124,599,000 a year ago. Purchases of property, plant and equipment was RMB 23,482,000 against RMB 243,055,000 a year ago. Purchases of intangible assets was RMB 5,538,000 against RMB 5,669,000 a year ago.

SPT Energy Group Inc. Announces Executive Changes

The board of directors of SPT Energy Group Inc. announced that Mr. Jin Shumao has resigned as an executive director of the Company with effect from 21 March 2017 due to the reason of age. The Board also announce that Mr. Li Qiang has been appointed as an executive director of the Company with effect from 21 March 2017. Li Qiang is the vice president and chief financial officer of the Company.

SPT Energy Group Inc. Reports Audited Consolidated Earnings Results for the Year Ended 31 December 2016

SPT Energy Group Inc. reported audited consolidated earnings results for the year ended 31 December 2016. For the year, revenue was RMB 848,131,000 against RMB 1,035,007,000 a year ago. Operating loss was RMB 268,083,000 against RMB 448,139,000 a year ago. Loss before income tax was RMB 303,384,000 against RMB 485,941,000 a year ago. Loss for the year attributable to equity owners of the company was RMB 292,346,000 or RMB 0.190 per basic and diluted share against RMB 412,165,000 or RMB 0.269 per basic and diluted share a year ago. LBITDA was RMB 28,189,000 against RMB 240,610,000 a year ago. The decrease in revenue was mainly due to the continuing low crude oil prices which led to the depression of the industry investment and the shrinkage of the oil-field services market.


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