CIMC OFFSHORE AS
Score · fiscal year 2024
34of 100
How to read this: the company is ahead of 12 % of large companies in the same sector in 2024. What does this mean?
Rank: 464 of 586 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 30 and solidity 0 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
CIMC OFFSHORE AS is 15 points below the median for large companies in the same sector in 2024.
Median score 49 among 73 companies.
Against large companies in the same sector in 2024: operating margin 3.8% (median 9.5%) and equity ratio −61.5% (median 24.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1,041 MNOK | 2,721 MNOK |
| Operating margin | 3.8% | 9.5% |
| Profit margin | −2.1% | 10.4% |
| Return on assets | 12.1% | 16.7% |
| Equity ratio | −61.5% | 24.7% |
| Debt-to-equity | – | 2.92 |
| Current ratio | 2.48 | 1.16 |
| Revenue growth | 23.7% | 7.3% |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 34, CIMC OFFSHORE AS does better than 12% of large companies in the same sector (73 companies) in 2024.
Score 2023–2025
- CIMC OFFSHORE AS
- Median: large companies in the same sector
What the numbers say
CIMC OFFSHORE AS had an operating margin of 3.8% and an equity ratio of −61.5% in 2024, and ranks 464 of 586 in Olje og gass.
From 2023 to 2024: the operating margin rose from −5.6% to 3.8% and revenue grew by 24%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | not meaningful |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −61.5% (median 24.7%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.1% (median 10.4%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 3.8% (median 9.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 30 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 83 | weight 15% |
| Growth | 67 | weight 15% |
| Consistency | 17 | weight 15% |
Durability: 19 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CIMC OFFSHORE AS?
The operating margin was 3.8% in 2024, against a median of 9.5% among large companies in the same sector. Return on assets was 12.1%. The company made a loss before tax.
How solid is CIMC OFFSHORE AS?
The equity ratio was −61.5% in 2024 (median 24.7%). Equity is negative, so liabilities exceed assets.
What is the liquidity of CIMC OFFSHORE AS like?
The current ratio was 2.48 in 2024 (median 1.16).
How does CIMC OFFSHORE AS compare in Olje og gass?
CIMC OFFSHORE AS ranks 464 of 586 in Olje og gass for 2024. Among companies of the same size (large companies) it ranks 64 of 73. Revenue changed by 23.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 921804032
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- large
- Employees
- 0–4 (not registered)
- Founded
- 31 October 2018 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vestre Svanholmen 4, 4313 SANDNES
- Municipality
- Sandnes rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chair of the board
- Jianhui Yu
- Board member
- Canfeng Xia
- Auditor
- FORVIS MAZARS AS
- Accountant
- YBIN AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 5 | 34 | 54 | |
| Rank | 551 | 464 | 235 | |
| Operating margin | −5.6% | 3.8% | 25.8% | |
| Return on assets | −3.6% | 12.1% | 34.7% | |
| Equity ratio | −60.2% | −61.5% | −13.5% | |
| Current ratio | 0.47 | 2.48 | 4.31 | |
| Revenue growth | – | 23.7% | 23.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 841.8 MNOK | 1,041.1 MNOK | 1,287.7 MNOK |
| Operating profit | −47.1 MNOK | 39.9 MNOK | 331.9 MNOK |
| Profit before tax | −93.1 MNOK | −21.9 MNOK | 375.4 MNOK |
| Net profit | −93.1 MNOK | −22.0 MNOK | 346.1 MNOK |
| Financial expenses | 62.9 MNOK | 124.3 MNOK | 70.5 MNOK |
| Total assets | 826.9 MNOK | 845.5 MNOK | 1,283.8 MNOK |
| Current assets | 587.0 MNOK | 816.2 MNOK | 1,283.8 MNOK |
| Equity | −497.8 MNOK | −519.8 MNOK | −173.6 MNOK |
| Retained earnings | −497.8 MNOK | −519.8 MNOK | −173.7 MNOK |
| Total liabilities | 1,324.6 MNOK | 1,365.2 MNOK | 1,457.4 MNOK |
| Current liabilities | 1,261.8 MNOK | 328.9 MNOK | 297.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6015667.
Further
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