Sinopec Oilfield Service Corporation reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of RMB 48,485,788,000 against RMB 42,923,500,000 a year ago. Operating loss was RMB 10,369,784,000 compared with RMB 16,095,431,000 a year ago. Loss before income tax was RMB 10,317,673,000 against RMB 15,887,181,000 a year ago. Loss for the year was RMB 10,556,228,000 compared with RMB 16,198,377,000 a year ago. Basic and diluted loss per share attributable to owners of the company from continuing operations was RMB 0.746 against RMB 1.145 a year ago. Net cash generated from operating activities was RMB 419,456,000 compared with net cash used in operating activities was RMB 3,907,318,000 a year ago. Cash paid for acquisition of fixed assets and intangible assets was RMB 1,175,401,000 compared to RMB 1,228,157,000 a year ago. In 2017, the company planned to allocate investment of RMB 2.5 billion, actually allocated investment of RMB 0.74 billion, in which RMB 0.5 billion was spent on non-installed equipment, RMB 0.07 billion on construction projects, RMB 0.04 billion on computer information projects, and RMB 0.04 billion on safety hazard treatment projects. It spent funds on strictly selected investment targets and reduced the annual investment by RMB 1.76 billion.

The company's budget for capital expenditure in 2018 is RMB 1.50 billion.