Financial Performance - Revenue for the year ended December 31, 2023, was RMB 44,042.2 million, representing an increase from RMB 35,610.1 million in 2022, a growth of approximately 23.5%[6] - Operating profit for the same period was RMB 4,855.2 million, up from RMB 2,723.4 million in 2022, reflecting a growth of about 78.3%[6] - Annual profit reached RMB 3,282.6 million, compared to RMB 2,499.2 million in the previous year, marking an increase of approximately 31.4%[6] - Basic earnings per share increased to RMB 0.6315 from RMB 0.4943, representing a growth of about 27.8%[6] - The company reported a pre-tax profit of RMB 4,242,868 thousand for 2023, up from RMB 2,981,479 thousand in 2022, reflecting an increase of approximately 43%[39] - The annual profit for 2023 was RMB (1,197) thousand, a decrease from RMB 6,085 thousand in 2022, indicating a significant decline in profitability[21] - The company reported a decrease in earnings attributable to the parent company, which fell to RMB (1,196) thousand in 2023 from RMB 6,072 thousand in 2022[21] - The company’s total operating expenses for 2023 were RMB 39,496.7 million, compared to RMB 33,228.9 million in 2022, an increase of about 18.8%[6] - Total revenue for the year ended December 31, 2023, reached RMB 42,754.39 million, an increase from RMB 34,902.72 million in 2022, representing a growth of approximately 22.4%[40] - The company reported a total income tax expense of RMB 960,240,000 for 2023, significantly higher than RMB 482,275,000 in 2022, reflecting increased profitability[61] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 83,245.8 million, up from RMB 79,060.7 million in 2022, an increase of approximately 5.3%[6] - Total equity reached RMB 42,256.1 million, compared to RMB 39,975.9 million in 2022, reflecting a growth of about 5.7%[11] - Total liabilities increased by RMB 3,804.9 million or 10.2% to RMB 40,989.7 million compared to RMB 37,184.8 million at the end of 2022[190] - The total deferred tax liabilities amounted to RMB 1,063,136,000 as of December 31, 2023, compared to RMB 977,599,000 in 2022, showing an increase of approximately 8.7%[96] - The company’s total cost of property, plant, and equipment increased to RMB 119,871,747,000 as of December 31, 2023, from RMB 110,844,853,000 at the beginning of the year[72] Cash Flow and Investments - The company reported a net cash position of RMB 5,977.5 million, an increase from RMB 3,561.7 million in the previous year, indicating a growth of approximately 67.6%[9] - Cash and cash equivalents reached RMB 5,977,506,000 as of December 31, 2023, compared to RMB 3,561,740,000 in 2022, indicating a year-over-year increase of approximately 67.5%[89] - The net cash inflow from operating activities for 2023 was RMB 13,091.7 million, representing a year-on-year increase of 89.8%, mainly due to increased cash received from sales of goods and services[199] - The total investment cash outflow for 2023 was RMB 7,457.2 million, an increase of RMB 3,724.5 million compared to the previous year, primarily due to higher cash payments for property, plant, and equipment[200] Revenue Segmentation - The drilling services segment generated revenue of RMB 12,051.2 million in 2023, a 16.6% increase from RMB 10,334.1 million in 2022[120] - The oilfield technical services segment reported revenue of RMB 25,717.5 million, a 31.4% increase from RMB 19,571.2 million in 2022[130] - The company’s vessel service business generated revenue of RMB 3,938.8 million in 2023, an increase of 5.9% compared to RMB 3,719.9 million in 2022[134] - The company reported a revenue of RMB 2,334.7 million from its geophysical exploration and engineering survey services in 2023, representing a 17.6% increase from RMB 1,984.9 million in 2022[140] - The engineering survey segment achieved a revenue of RMB 698.0 million in 2023, up 23.7% from RMB 564.1 million in 2022[140] Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[6] - The company plans to continue expanding its market presence, particularly in international markets, to leverage growth opportunities[40] - Future guidance indicates a continued upward trend in revenue, driven by increased demand for drilling and oilfield services[40] - The company is exploring strategic acquisitions to bolster its service offerings and market reach in the energy sector[40] Employee and Operational Costs - Employee compensation costs rose to RMB 8,201,983,000 in 2023, up from RMB 7,414,041,000 in 2022, indicating a 10.6% increase[57] - The company’s financial expenses increased to RMB 996,796 thousand in 2023 from RMB 777,108 thousand in 2022, reflecting a rise of approximately 28%[34] - Subcontracting expenses increased by RMB 3,256.2 million, a growth of 39.9%, driven by higher operational volume and increased subcontracting efforts[168] Compliance and Regulatory Changes - The impact of the new accounting standards on the financial statements was minimal, with no significant effects on earnings per share or cash flows[21] - The company plans to apply the newly issued accounting standards when they become effective, ensuring compliance with updated regulations[22] - The group is currently assessing the impact of the revisions on existing loan agreements and whether any amendments are necessary[26]

中海油田服務股份有限公司 CHINA OILFIELD SERVICES LIMITED (於中華人民共和國註冊成立之股份有限公司) （股票代號：2883） 海外監管公告——第三季度業績 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條規定 而作出。 本公司2023年第三季度報告所載財務根據中國會計準則編制，並且未經審 計。 本公告分別以中文及英文編制，若中、英文版有任何差異，概以中文為准。 2023年10月26日 於本公告日期，本公司執行董事為趙順強先生（董事長）、盧濤先生及熊敏先生；本 公司非執行董事為范白濤先生及劉秋東先生；本公司獨立非執行董事為趙麗娟女士、 郭琳廣先生及姚昕先生。 2023 年第三季度报告 证券代码：601808 证券简称：中海油服 中海油田服务股份有限公司 2023 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法 ...

Financial Performance - In the first half of 2023, the company achieved operating revenue of RMB 18.85 billion, a 24.1% increase compared to RMB 15.20 billion in the same period of 2022[5]. - The net profit for the first half of 2023 was RMB 1.46 billion, reflecting a 31% increase from RMB 1.11 billion in the first half of 2022[5]. - The company reported earnings per share of RMB 0.28 for the first half of 2023, up from RMB 0.23 in the same period of 2022[5]. - The total revenue for the first half of 2023 was RMB 18,849.9 million, representing a 24.0% increase from RMB 15,195.6 million in the same period last year[30]. - Operating profit for the first half of 2023 reached RMB 1,971.3 million, up RMB 703.2 million or 55.5% from RMB 1,268.1 million in the previous year[45]. - The company's operating expenses for the first half of 2023 were RMB 16,986.4 million, an increase of RMB 2,857.8 million or 20.2% from RMB 14,128.6 million in the previous year[35]. - The company reported a significant increase in cash inflows from the disposal of floating-rate financial products and money market funds, totaling RMB 3,643,714 thousand[113]. - The total comprehensive income for the period was RMB 1,379,977 thousand, up 39.5% from RMB 988,593 thousand in the previous year[104]. Capital Expenditures - Global upstream exploration and development capital expenditure is projected to reach USD 565.2 billion in 2023, a 10.75% increase from 2022[14]. - The offshore oilfield capital expenditure is expected to be USD 163.8 billion in 2023, representing a 13.43% increase compared to 2022[14]. - Capital expenditures for the first half of 2023 amounted to RMB 1,854.5 million, a 46.9% increase from RMB 1,262.7 million in the same period last year[59]. - Capital expenditures for drilling services increased by 43.2% to RMB 884.0 million in the first half of 2023 compared to RMB 617.2 million in 2022[60]. - Oilfield technical services capital expenditures rose by 53.0% to RMB 699.4 million from RMB 457.2 million year-on-year[60]. - Total capital expenditures for the company reached RMB 1,854.5 million, a 46.9% increase from RMB 1,262.7 million in the same period last year[60]. Market and Business Strategy - The company has implemented a new business model focusing on "zero inventory" to reduce costs and enhance operational efficiency[8]. - The company aims to enhance its core technology capabilities and drive innovation to support sustainable development and risk management[12]. - The company plans to strengthen its international market expansion and integrated business development to increase market share and profitability[8]. - The company expects global upstream exploration and development investment to increase significantly in the second half of 2023, driven by recovering demand in the oilfield services market[68]. - The company aims to implement five major development strategies to improve service competitiveness and efficiency while monitoring global economic conditions and oil prices[69]. Operational Performance - The drilling services segment generated revenue of RMB 5,422.5 million, up from RMB 5,055.1 million, marking a 7.3% increase year-on-year[17]. - The oilfield technical services segment reported revenue of RMB 10,607.9 million, an increase of RMB 3,049.8 million, representing a growth of 40.4% year-on-year[22]. - The total operating days for drilling platforms reached 8,789 days, an increase of 772 days, or 9.6% year-on-year[18]. - The average daily revenue for semi-submersible drilling platforms was USD 12.3, an increase of 7.0% compared to USD 11.5 in the previous year[20]. - The utilization rate of available days for drilling platforms increased by 2.1 percentage points to 86.5% year-on-year[18]. - The company's ship service revenue for the first half of 2023 was RMB 1,904.7 million, an increase of RMB 179.8 million or 10.4% compared to RMB 1,724.9 million in the same period last year[26]. - The total operating days for ship services increased to 27,191 days, up 3.6% from 26,251 days in the previous year[26]. Financial Position - The company's total assets as of June 30, 2023, were RMB 79,597.5 million, reflecting a 3.2% increase from RMB 77,160.7 million at the end of 2022[52]. - Cash and cash equivalents increased to RMB 5,351.3 million, a 50.2% rise from RMB 3,561.7 million at the beginning of the year, driven by higher revenues and improved collections[54]. - The company's debt-to-equity ratio improved to 43% as of June 30, 2023, down from 44% at the end of 2022[89]. - As of June 30, 2023, the company's net current assets increased from RMB 6,817.8 million to RMB 9,499.5 million compared to December 31, 2022, with the current ratio rising from 1.32 to 1.43[87]. - The company's net assets as of June 30, 2023, amounted to RMB 40,604,999 thousand, compared to RMB 39,975,967 thousand at the end of 2022, reflecting a growth of 1.6%[108]. Shareholder and Management Information - Major shareholders include Brown Brothers with 129,666,280 shares (7.16%), Harriman & Co. with 129,666,280 shares (7.16%), and BlackRock, Inc. with 128,289,936 shares (7.08%) as of June 30, 2023[78]. - The board approved the appointment of Lu Tao as an executive director for a term of three years starting from August 17, 2023[82]. - The company has implemented a differentiated incentive mechanism to enhance motivation among frontline employees and improve overall corporate efficiency[81]. Risk Management - Foreign exchange risks are monitored, as fluctuations in exchange rates can impact net profit and cash flows[92]. - The company is currently assessing its exposure to risks related to the second pillar income tax under the OECD guidelines, which may impact future financial reporting[135].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2883） 截至2023年6月30日止六個月 中期業績公告 財務摘要 1、 收入為人民幣18,849.9百萬元 2、 經營利潤為人民幣1,971.3百萬元 3、 本期利潤為人民幣1,456.1百萬元 4、 每股基本盈利為人民幣0.28元 ...

中海油田服務股份有限公司 CHINA OILFIELD SERVICES LIMITED (於中華人民共和國註冊成立之股份有限公司) （股票代號：2883） -- 13.10B 2023 2023年4月27日 2023年第一季度报告 证券代码：601808 证券简称：中海油服 ...

Financial Performance - Total revenue for 2022 was RMB 35,610.1 million, an increase of 22.1% compared to RMB 29,168.5 million in 2021[10]. - Operating profit for 2022 reached RMB 2,723.4 million, up 76.7% from RMB 1,541.3 million in 2021[13]. - Annual profit for 2022 was RMB 2,493.1 million, significantly higher than RMB 322.1 million in 2021, marking a 674.0% increase[13]. - Basic earnings per share for 2022 were RMB 49.3 cents, compared to RMB 6.56 cents in 2021, reflecting a growth of 651.5%[13]. - The capital return rate for 2022 was 6.4%, a significant increase from 0.8% in 2021[13]. - The dividend payout ratio for 2022 was 32.5%, down from 228.5% in 2021, indicating a shift towards sustainable dividend policies[13]. - Total equity at the end of 2022 was RMB 39,898.1 million, up 4.4% from RMB 38,216.3 million at the end of 2021[14]. - The net profit for 2022 was RMB 2,493.1 million, up RMB 2,171.0 million compared to the previous year[25]. - The company's total operating expenses increased by RMB 5,044.4 million, representing a growth of 17.9% compared to RMB 28,184.5 million in 2021[60]. - Employee compensation costs rose by RMB 1,383.8 million, a significant increase of 22.9% year-on-year, primarily due to wage adjustments for frontline staff[61]. International Business Expansion - International business revenue for 2022 was RMB 6,274.5 million, representing a 35.9% increase from RMB 4,615.6 million in 2021[13]. - The company is actively expanding its overseas markets in regions such as Asia-Pacific, Middle East, Americas, Europe, and Africa[4]. - The company's international revenue reached RMB 6,274.5 million, a 35.9% increase from RMB 4,615.6 million in the previous year, accounting for 17.6% of total revenue[57]. - The company secured long-term contracts in the Middle East with a total value of approximately RMB 14 billion, marking a new phase of cooperation with international oil companies[29]. Technological Innovation - The company aims to deepen its technological innovation efforts and achieve breakthroughs in key core technologies as part of its strategic initiatives for 2023[22]. - The company has developed over 10 types of high-temperature completion tools, addressing the challenge of sealing technology at 350°C[35]. - The company has successfully applied its self-developed water-based drilling fluid high-temperature loss-reducing agent and efficient lubricant, breaking the technical monopoly and achieving industrial promotion[35]. - The company successfully completed operations with its self-developed high-end remote-controlled deep-water cementing head in the international market, marking a significant technological breakthrough[36]. - The company achieved scale application of its self-developed downhole testing spectral analysis module in Southeast Asia, breaking the foreign monopoly on key technologies[36]. Environmental and Social Responsibility - The company is focusing on green and low-carbon development, with initiatives including the rapid deployment of 12 LNG-powered vessels, making it the largest LNG-powered fleet globally[20]. - The company is focusing on green low-carbon transformation and diversifying into renewable energy sectors such as wind, solar, and hydrogen[24]. - The company reported a social contribution value per share of 2.55 RMB in 2022, up from 1.75 RMB in 2021[138]. - Environmental investment for 2022 was 51.85 million RMB, down from 64.12 million RMB in 2021[141]. - The energy-saving amount in 2022 was 17,764 tons of standard coal, significantly higher than 9,600 tons in 2021[141]. Corporate Governance - The company aims to improve brand influence through significant events, linking brand building to performance enhancement[150]. - The company has established a governance structure that integrates party leadership into all decision-making processes, enhancing the effectiveness of the board and management[153]. - The board of directors consists of three independent directors with extensive experience in finance, law, and energy, ensuring compliance and effective oversight[155]. - The company has complied with the corporate governance requirements as per the Hong Kong Stock Exchange and has made efforts to improve information disclosure and investor relations[83]. - The company has established a comprehensive risk management system, including annual risk identification and assessment, and quarterly comprehensive risk management reports to the board[88]. Operational Efficiency - The company plans to enhance its governance system and improve operational efficiency in 2023, while continuing to expand its international market presence[22]. - The company achieved a 25.9% increase in operating days for platform supply vessels, totaling 16,991 days in 2022 compared to 13,491 days in 2021[40]. - The total operating days for drilling platforms reached 16,727 days in 2022, an increase of 2,645 days or 18.8% year-on-year[30]. - The utilization rate of available days for drilling platforms improved to 83.5%, an increase of 11.6 percentage points from the previous year[30]. Customer Satisfaction and Quality Management - Customer satisfaction rate reached 98.8% in 2022, with no service complaints received[195]. - The company conducted 118 quality control (QC) group activities in 2022, with 18 groups recognized for excellence in quality management[179]. - The company is focused on optimizing customer experience by establishing regular communication mechanisms and enhancing service quality across all business lines[180]. - The company is committed to continuous improvement of its quality management system, aligning with international standards and industry requirements[177]. Future Outlook - For 2023, the company anticipates capital expenditure of approximately RMB 9.3 billion, primarily for equipment investment, technology upgrades, and research and development[81]. - The International Monetary Fund (IMF) projects a global economic growth rate of 2.9% for 2023, with a strong recovery in oil demand and stable supply[81]. - The average Brent crude oil price for 2023 is expected to be around $88 per barrel, with global upstream capital expenditure projected at $561.2 billion, reflecting a 12.42% increase[82].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2883） 截至2022年12月31日止年度的 全年業績公佈 財務摘要 1、 收入為人民幣35,610.1百萬元 2、 經營利潤為人民幣2,723.4百萬元 3、 年度利潤為人民幣2,493.1百萬元 4、 基本每股盈利為人民幣49.30分 5、 總資產為人民幣77,184.1百萬元 6、 權益總計為人民幣39,898.1百萬元 ...

Financial Performance - The company's operating revenue for Q3 2022 was RMB 9,033.1 million, representing a year-on-year increase of 26.4%[5] - Net profit attributable to shareholders for Q3 2022 was RMB 960.7 million, up 47.6% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was RMB 964.6 million, reflecting a 55.6% increase year-on-year[5] - The basic earnings per share for Q3 2022 was RMB 0.20, an increase of 42.9% compared to the same period last year[6] - For the first three quarters of 2022, the company achieved a revenue of RMB 24,245.7 million, representing a year-on-year increase of 21.9%[13] - The net profit for the same period was RMB 2,113.2 million, with a year-on-year growth of 44.5%[13] - The total profit for Q3 2022 was CNY 2,639.95 million, up from CNY 2,003.01 million in Q3 2021, marking a significant increase[24] - The company's total revenue for the first three quarters of 2022 reached RMB 24.25 billion, up 22.4% from RMB 19.88 billion in the same period of 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 75,328.8 million, a 2.8% increase from the end of the previous year[6] - As of September 30, 2022, total assets amounted to RMB 75.33 billion, an increase from RMB 73.31 billion at the end of 2021, reflecting a growth of approximately 2.77%[21] - The company's total liabilities reached RMB 35.66 billion, slightly up from RMB 35.10 billion, indicating a marginal increase in financial obligations[22] - The equity attributable to shareholders increased to RMB 39.09 billion from RMB 38.03 billion, reflecting a growth of approximately 2.8%[22] - Accounts receivable increased significantly to RMB 17.56 billion, up 67.0% from RMB 10.51 billion at the end of 2021[21] - Short-term borrowings rose sharply to RMB 6.03 billion, compared to RMB 2.23 billion at the end of 2021, indicating a significant increase in leverage[21] Operational Metrics - The number of drilling days increased to 12,326, a rise of 22.2% compared to the previous year[17] - The utilization rate for self-elevating drilling platforms reached 89.8%, up by 17.0 percentage points year-on-year[14] - The company's vessel service operations totaled 39,963 days, reflecting an 8.1% increase year-on-year[15] - The two-dimensional survey mileage was 2,353 kilometers, showing a year-on-year increase of 9.1%[16] - The three-dimensional survey area decreased to 11,351 square kilometers, a decline of 28.0% year-on-year[16] - The company reported a significant increase in seabed node collection operations, with a total of 648 square kilometers completed, up 43.0% year-on-year[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was RMB -470.8 million, compared to RMB -797.5 million in the same period last year[6] - The net cash flow from operating activities for Q3 2022 was -470,801,409 RMB, a decrease from 67,489,506 RMB in Q3 2021[51] - Total cash inflow from operating activities was 19,844,168,372 RMB, compared to 17,566,957,706 RMB in the same period last year, representing an increase of approximately 13%[51] - Cash outflow for purchasing goods and services was 14,273,018,367 RMB, up from 12,398,311,072 RMB, indicating a rise of about 15%[51] - The net cash flow from investment activities was 4,120,647,423 RMB, significantly higher than 646,726,365 RMB in Q3 2021[51] - Cash inflow from financing activities was 5,364,161,900 RMB, with no inflow recorded in the same period last year[51] Shareholder Information - The company reported a total of 49,121 ordinary shareholders at the end of the reporting period[9] - The largest shareholder, China National Offshore Oil Corporation, holds 50.53% of the shares[9] Research and Development - The company is focusing on enhancing its R&D capabilities and transforming high technology into high value[17] - Research and development expenses for Q3 2022 were CNY 629.25 million, slightly down from CNY 648.84 million in Q3 2021[24] - The company is focusing on technological innovation and global market expansion to enhance operational efficiency and safety[39]

Financial Performance - In the first half of 2022, the company achieved operating revenue of RMB 15.2 billion, a 3.7% increase compared to RMB 14.5 billion in the same period of 2020[6]. - The net profit for the first half of 2022 was RMB 1.11 billion, reflecting a 35.1% increase from RMB 1.72 billion in the first half of 2020[6]. - The company’s operating profit for the first half of 2022 was RMB 1.27 billion, down 6.4% from RMB 2.22 billion in the first half of 2020[6]. - The company's revenue for the first half of 2022 was RMB 15,195.6 million, an increase of RMB 2,472.6 million, representing a growth of 19.4% year-on-year[13]. - Net profit for the first half of 2022 was RMB 1,108.4 million, up RMB 299.9 million, with a growth rate of 37.1% compared to the previous year[13]. - The total comprehensive income for the first half of 2022 was RMB 985.55 million, compared to RMB 811.46 million in the same period last year, indicating an increase of approximately 21.4%[74]. - Basic earnings per share for the first half of 2022 were RMB 0.2311, up from RMB 0.1680 in the same period of 2021[36]. - The company reported a profit of RMB 1,102,536 thousand for the six months ended June 30, 2022, compared to RMB 801,457 thousand for the same period in 2021, marking a year-on-year increase of approximately 37.5%[78]. Market Expansion and Contracts - The company has signed significant long-term drilling contracts in Saudi Arabia and expanded its service offerings in Malaysia and Indonesia, indicating successful international market expansion[9]. - The company has expanded its overseas market presence, successfully completing various projects in North America and Southeast Asia[18]. - The company has signed significant long-term drilling contracts in Saudi Arabia and won the largest logging project in Southeast Asia in Indonesia[194]. Technological Advancements - The company’s underwater release plug system, with complete independent intellectual property rights, has been successfully industrialized, breaking foreign monopolies[10]. - The company’s "Xuanji" system has achieved a one-time downhole success rate of 91.7%, highlighting its technological advancements[10]. - The company is focusing on technological innovation and has made significant progress in developing new technologies for oilfield services[18]. - The company has established a drilling digital center platform and officially launched information management tools for frontline use in the first half of 2022[199]. Operational Efficiency - The drilling services segment generated revenue of RMB 5,055.1 million, an increase of RMB 707.3 million, reflecting a growth of 16.3% year-on-year[14]. - The total operating days for drilling platforms reached 8,017 days, an increase of 1,439 days, representing a growth of 21.9% year-on-year[16]. - The utilization rate of self-elevating drilling platforms increased to 89.8%, up 18.0 percentage points from the previous year[16]. - The average daily revenue for self-elevating drilling platforms decreased to USD 7.1, down 6.6% from USD 7.6 in the previous year[17]. - The company has made significant progress in the recovery of operations for three semi-submersible platforms in Europe during the first half of 2022[199]. Financial Position and Investments - Total assets as of June 30, 2022, were RMB 73,738.4 million, an increase of 0.6% from RMB 73,311.7 million at the end of 2021[37]. - Cash and cash equivalents decreased to RMB 4,454.7 million by June 30, 2022, from RMB 5,006.4 million at the beginning of the year[39]. - The company’s net debt as of June 30, 2022, was RMB 28,487.7 million, compared to RMB 28,025.2 million as of December 31, 2021[62]. - The company’s long-term debt, including bank loans and bonds, rose to RMB 12,593,405 thousand from RMB 12,162,168 thousand, indicating an increase of about 3.6%[76]. - The company’s cash deposits in time deposits amounted to RMB 1,586,196 as of June 30, 2022, showing a slight increase from RMB 1,556,535 as of December 31, 2021[131]. Cost Management and Expenses - The company faced a 22.6% increase in operating expenses, totaling RMB 14,128.6 million, compared to RMB 11,526.7 million in the same period last year[26]. - Employee compensation costs rose by RMB 416.1 million or 16.8% year-on-year, attributed to increased operational volume and the resumption of platform operations[28]. - The company is focusing on cost reduction and efficiency improvement, with total operating expenses rising to RMB 14.13 billion from RMB 11.53 billion, an increase of approximately 22.5%[73]. Strategic Goals and Future Outlook - The company aims to enhance its core competitiveness by focusing on key technology breakthroughs and accelerating digital transformation[11]. - The company plans to promote green and low-carbon development, actively implementing carbon peak and carbon neutrality goals[11]. - The company anticipates a continued recovery in the oilfield services market driven by high oil prices and increased upstream exploration and development investments[47]. - The company plans to enhance its R&D capabilities and focus on key core technology breakthroughs in the second half of 2022[47]. - The company will closely monitor global economic conditions and oil prices to adapt its strategies accordingly[47]. Shareholder and Governance Information - Major shareholders included BlackRock, Inc. with approximately 6.12% and Allianz SE with approximately 5.17% of the company's H-shares[54]. - The company did not grant any rights to directors, supervisors, or senior management to benefit from purchasing shares or bonds during the six months ended June 30, 2022[55]. - There were changes in the board of directors, with the appointment of new independent non-executive directors in June and August 2022[57][58].