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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.

3,143 Employees
Last Reported Date: 09/15/16
Founded in 1998

spt energy group inc (1251) Top Compensated Officers

Executive President and Executive Director
Total Annual Compensation: CNY548.0K
Vice President and Executive Director
Total Annual Compensation: CNY1.9M
Deputy General Manager and Executive Director
Total Annual Compensation: CNY790.0K
Compensation as of Fiscal Year 2015.

spt energy group inc (1251) Key Developments

SPT Energy Group Inc.(SEHK:1251) dropped from S&P Global BMI Index

SPT Energy Group Inc.(SEHK:1251) dropped from S&P Global BMI Index

SPT Energy Group Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

SPT Energy Group Inc. reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company's revenue was RMB 400,622,000 compared to RMB 495,176,000 a year ago. Operating loss was RMB 43,992,000 compared to RMB 225,243,000 a year ago. Loss before income tax was RMB 60,603,000 compared to RMB 246,304,000 a year ago. Loss attributable to equity owners of the company was RMB 54,191,000 compared to RMB 199,057,000 a year ago. Basic and diluted loss per share attributable to the equity owners of the company was RMB 0.0353 compared to RMB 0.1297 a year ago. Net cash used in operating activities was RMB 49,567,000 compared to net cash generated from operating activities of RMB 48,728,000 a year ago. Purchases of property, plant and equipment was RMB 7,621,000 compared to RMB 109,976,000 a year ago. Purchases of intangible assets were RMB 4,922,000 compared to RMB 9,987,000 a year ago. EBITDA was RMB 77,803,000 compared to LBITDA of RMB 86,491,000 a year ago.

SPT Energy Group Inc. Announces Executive Changes, Effective September 1, 2016

The Board of Directors of SPT Energy Group Inc. announced that in line with the development of the company and for the enhancement of corporate governance of the Company, Mr. Wang Guoqiang will step down as the chief executive officer of the company with effect from 1 September 2016 but will continue to be the chairman of the Board and an executive director of the Company; Mr. Jiang Qingsong will be appointed as the chief executive officer of the Company in place of Mr. Wang with effect from 1 September 2016. Mr. Jiang Qingsong, aged 44, is the vice president and general manager of the Pan-Russia division of the company.


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