Financial Performance - Total sales revenue for 2023 was RMB 12,989.8 million, a decrease of 9.0% compared to RMB 14,279.0 million in 2022[4] - Gross profit for 2023 was RMB 2,061.1 million, representing a gross margin of approximately 15.9%[4] - The net profit attributable to shareholders for 2023 was RMB 2,381.7 million, an increase of 45.0% compared to RMB 1,642.6 million in 2022[4] - In 2023, the company achieved a revenue of RMB 12.99 billion, a gross profit of RMB 2.06 billion, and a net profit attributable to shareholders of RMB 2.38 billion, representing a 45.0% increase compared to 2022, marking the best performance since its establishment[10][11] - The group's revenue for the reporting period was RMB 12,989.8 million, a decrease of RMB 1,289.3 million or 6.9% compared to RMB 14,279.1 million in the same period of 2022[17] - The group's gross profit for the reporting period was RMB 2,061.1 million, a decrease of RMB 475.5 million or 18.7% compared to RMB 2,536.6 million in 2022[17] - The group's net profit for the reporting period was RMB 2,374.1 million, an increase of RMB 575.4 million compared to RMB 1,798.7 million in 2022[39] Production and Operational Efficiency - The production volume of urea in 2023 was 823,051 tons, a 5.7% increase from 778,602 tons in 2022[6] - The company achieved a total production of 2,005,933 tons of fertilizers in 2023, a 2.2% increase from 1,962,091 tons in 2022[6] - The operating rate for the group in 2023 was 109.0%, up from 106.6% in 2022, indicating improved operational efficiency[6] - The total sales volume of fertilizers reached 1,991,707 tons, with urea production increasing significantly to 2,006,000 tons, and phosphate compound fertilizer production at 814,000 tons[7][11] - The company exported 15,300 tons of urea and 13,000 tons of diammonium phosphate, with fertilizer exports increasing by 80% year-on-year[11] - The methanol production reached 1,462,000 tons, while the production of acrylonitrile series products was 165,000 tons[11] Assets and Equity - The total assets increased to RMB 24,317.3 million in 2023, up from RMB 23,497.7 million in 2022, reflecting a growth of 3.5%[5] - The total equity increased to RMB 19,407.2 million in 2023, up from RMB 17,776.6 million in 2022, marking a growth of 9.2%[5] - The company's total assets as of December 31, 2023, reached RMB 24,317,346 thousand, an increase of 3.5% from RMB 23,497,659 thousand in 2022[152] - The equity attributable to the owners of the company rose to RMB 18,301,070 thousand, up 9.3% from RMB 16,747,140 thousand in 2022[152] Market and Strategic Plans - The company plans to expand its production capacity and enhance its market presence in the coming years[1] - The company plans to enhance its product service upgrade and strengthen its positioning as a "plant nutrition solution provider" in 2024[14] - The company aims to improve operational efficiency and strengthen its positioning as a high-quality fertilizer supplier and high-end chemical producer in 2024[14] - The company will focus on optimizing processing costs and enhancing carbon resource utilization research in 2024[14] - The company is exploring potential mergers and acquisitions to strengthen its competitive position and diversify its product offerings[93] - Market expansion plans include entering new geographical regions, targeting a 20% increase in market share over the next two years[92] Corporate Governance and Compliance - The company has maintained high standards of corporate governance and compliance with relevant regulations during the reporting period[54] - The board of directors consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors, ensuring compliance with corporate governance standards[57] - The company emphasizes the importance of independent non-executive directors in safeguarding minority shareholders' interests and ensuring effective corporate governance[59] - The company is committed to developing a diversified board, considering factors such as gender, age, cultural background, and professional experience[57] - The company has established a policy for board diversity, which includes actively considering female candidates for board positions[57] Financial Management and Investments - The group's capital expenditures totaled RMB 600.0 million, with significant investments in refining and chemical projects amounting to RMB 436.9 million[41] - The group reported a net foreign exchange loss of RMB 9.6 million, a decrease of RMB 19.0 million from a net gain of RMB 9.4 million in 2022, primarily due to fluctuations in the USD exchange rate affecting export revenue[35] - The company has adopted a dividend policy that allows shareholders to receive declared dividends, subject to board discretion and shareholder approval[100] - The company’s board will continue to review the dividend policy and retains the discretion to update or modify it as necessary[100] Risk Management - The group faced market risks related to product prices, raw material costs, and foreign exchange fluctuations, with the RMB/USD exchange rate fluctuating between 6.7130 and 7.2258 during the reporting period[46] - The company has established a risk management committee and internal control systems to ensure effective risk management and compliance with regulations[83] - The board has implemented measures to strengthen risk management and internal controls, ensuring compliance with legal and regulatory requirements[64] Environmental and Social Responsibility - The company maintained a zero-accident record in safety production and environmental pollution incidents for two consecutive years[11] - The group made charitable donations totaling RMB 3.0 million during the year[105] - The company has a strong focus on safety and environmental management, with key personnel in charge of health, safety, and environmental protection[89] Future Outlook - Future outlook indicates a projected revenue growth of 15% year-over-year, driven by new product launches and market expansion strategies[93] - The company is investing in R&D for new technologies, particularly in the field of energy conversion and utilization, aiming to enhance operational efficiency[94] - A new product line is set to launch in Q2 2024, expected to contribute an additional $50 million in annual revenue[94]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 12,990 million, a decrease from RMB 14,279 million in 2022, representing a decline of approximately 9.0%[2] - Gross profit for the same period was RMB 2,061 million, down from RMB 2,537 million in 2022, indicating a decrease of about 18.8%[3] - Net profit attributable to shareholders for 2023 was RMB 2,382 million, compared to RMB 1,643 million in 2022, reflecting an increase of approximately 45.0%[3] - Basic earnings per share for the year were RMB 0.52, up from RMB 0.36 in the previous year, representing a growth of about 44.4%[3] - Total revenue for the year reached RMB 12,989,832 thousand, with a pre-tax profit of RMB 2,663,985 thousand[19] - Total sales revenue for 2023 was RMB 12,989,832, down 9.0% from RMB 14,279,054 in 2022[27] - Pre-tax profit increased to RMB 2,663,985 in 2023, up 17.3% from RMB 2,270,769 in 2022[34] - The effective tax rate for 2023 was 11%, significantly lower than 21% in 2022[34] - The group reported a net profit of RMB 2,374.1 million for the period, an increase of RMB 575.4 million compared to RMB 1,798.7 million in 2022[94] Dividends and Shareholder Returns - The proposed final dividend is RMB 0.207 per share, an increase from RMB 0.178 per share in 2022[2] - Proposed final dividend for 2023 is RMB 0.207 per share, up from RMB 0.178 per share in 2022, reflecting an increase of approximately 16.3%[48] - The board proposed a final dividend of RMB 0.207 per share for the year ending December 31, 2023, subject to shareholder approval[113] - The company is obligated to withhold corporate income tax at a rate of 10% on dividends distributed to non-resident corporate shareholders listed in the H-share register[115] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 24,317 million, an increase from RMB 23,498 million in 2022, showing a growth of approximately 3.5%[5] - Total equity attributable to shareholders was RMB 18,301 million, up from RMB 16,747 million in 2022, indicating an increase of about 9.3%[5] - The company reported a net cash position of RMB 9,700 million as of December 31, 2023, compared to RMB 8,400 million in 2022, reflecting a growth of approximately 15.5%[5] - Current assets decreased to RMB 179,578 thousand in 2023 from RMB 322,567 thousand in 2022, a decline of approximately 44.5%[38] - Non-current assets increased to RMB 674,729 thousand in 2023 from RMB 495,943 thousand in 2022, an increase of approximately 36.0%[38] - Total assets as of December 31, 2023, were RMB 24,317,346 thousand, with total liabilities of RMB 4,910,188 thousand[16] Revenue Breakdown by Segment - The urea segment generated revenue of RMB 4,676,853 thousand, contributing a pre-tax profit of RMB 967,274 thousand[19] - The phosphates and compound fertilizers segment reported revenue of RMB 3,033,373 thousand, with a pre-tax profit of RMB 637,163 thousand[19] - The methanol segment achieved revenue of RMB 2,707,045 thousand, with a pre-tax profit of RMB 130,419 thousand[19] - Urea revenue was RMB 4,676.9 million, down RMB 291.7 million or 5.9% from RMB 4,968.6 million in 2022, attributed to a price drop of RMB 188.8 per ton and an increase in sales volume by 33,207 tons[78] - Revenue from phosphate and compound fertilizers was RMB 2,707.0 million, a decrease of RMB 560.9 million or 17.2% from RMB 3,267.9 million in 2022, mainly due to a price drop of RMB 264.5 per ton and a sales volume decrease of 96,304 tons[78] - Methanol revenue was RMB 3,033.4 million, down RMB 477.9 million or 13.6% from RMB 3,511.3 million in 2022, due to a price decline of RMB 229.7 per ton and a sales volume decrease of 62,398 tons[79] Operational Highlights - The company plans to expand its market presence and invest in new product development to drive future growth[7] - The company achieved a 110% year-on-year increase in direct sales to farmers through e-commerce, totaling 84,600 tons[72] - The company’s fertilizer exports increased significantly, contributing to overall sales growth[72] - The company’s production management led to record high operational rates, with the Huahe Coal Chemical plant achieving a 130.2% operational rate[70] - The acrylonitrile project was successfully completed and operated continuously for over 300 days[77] - The company achieved a 0% safety incident rate and 0% environmental pollution incidents for two consecutive years[69] Future Outlook and Strategic Initiatives - The company expects that the adoption of new accounting standards will not have a significant impact on its financial statements[11] - In 2024, domestic urea supply and demand are expected to grow, driven by agricultural applications and raw material procurement for compound fertilizer factories, with seasonal fluctuations anticipated[106] - The overall price trend for methanol is expected to improve compared to last year, supported by stable downstream olefin demand and increased international capacity release[106] - The company aims to enhance production management and implement a new HSE management system to strengthen safety and environmental protection measures[107] - The focus for 2024 includes upgrading products and services to reinforce the company's position as a "plant nutrition solution provider" and optimizing processing costs[107] - The company plans to deepen research on the utilization of low-carbon natural gas and CO2 resources to enhance carbon reduction capabilities[107] - Strategic emphasis will be placed on technological innovation to master core technologies in fertilizer and chemical sectors through independent research and collaboration[107] Miscellaneous - The company has adopted new or revised International Financial Reporting Standards effective from January 1, 2023, to enhance financial reporting accuracy[8] - The company did not report any diluted share issues during the year, maintaining a consistent share count of 4,610,000[35] - The company has no single customer contributing 10% or more to sales revenue in both 2023 and 2022, indicating a diversified customer base[25] - The company’s non-current assets are entirely located within the People's Republic of China, emphasizing its domestic focus[25] - The group faced a foreign exchange loss of RMB 9.6 million during the period, a decrease of RMB 19.0 million from a foreign exchange gain of RMB 9.4 million in 2022[90] - The group trained 111,651 employees during the year, with a total training duration of 604,221 hours[98] - No purchases, sales, or redemptions of the company's listed securities were conducted by the company or its subsidiaries in 2023[116] - The annual report for 2023 will be published on the "Disclosure Easy" website and the company's website at an appropriate time[117]

Financial Performance - The company reported revenue of RMB 6,176 million for the first half of 2023, a decrease from RMB 7,371 million in the same period of 2022, representing a decline of approximately 16.2%[4] - The net profit attributable to the company's owners reached RMB 1,715 million, compared to RMB 937 million in the first half of 2022, marking an increase of approximately 83%[4] - The company achieved a pre-tax profit of RMB 1,840 million, an increase from RMB 1,296 million in the first half of 2022, reflecting a growth of approximately 42%[4] - The group's gross profit for the first half of 2023 was RMB 1,063.6 million, down RMB 344.4 million or 24.5% from RMB 1,408.0 million in the same period of 2022[23] - The group's net profit for the reporting period was RMB 1,725.5 million, an increase of RMB 679.5 million or 65.0% compared to RMB 1,046.0 million in the same period of 2022[32] - Sales revenue for the six months ended June 30, 2023, was RMB 6,175,701, a decrease of 16.2% from RMB 7,370,785 in the same period of 2022[53] - Gross profit for the same period was RMB 1,063,617, down 24.5% from RMB 1,408,050 year-on-year[53] Production and Sales - The total production volume for the group increased by 14.8% to 1,043,916 tons in the first half of 2023, up from 909,015 tons in the same period of 2022[6] - The sales volume of fertilizers for the group rose by 10.1% to 1,044,993 tons, compared to 949,139 tons in the first half of 2022[7] - In the first half of 2023, the company achieved a urea production of 1.044 million tons, methanol production of 687,000 tons, and phosphate and compound fertilizer production of 401,000 tons[9] - The company sold 1.045 million tons of urea, 655,000 tons of methanol, and 352,000 tons of phosphate and compound fertilizers in the first half of 2023[9] - The total production of BB fertilizer was 11,372 tons, with sales reaching 13,199 tons in the first half of 2023[21] Assets and Liabilities - The company's total assets increased to RMB 23,697 million as of June 30, 2023, up from RMB 23,498 million at the end of 2022[5] - The total equity of the company increased to RMB 18,772 million as of June 30, 2023, compared to RMB 17,777 million at the end of 2022[5] - As of June 30, 2023, the group had total interest-bearing liabilities of RMB 2.0 billion, with a capital debt ratio of 9.7%[35] - The total liabilities as of June 30, 2023, were RMB 664,955,000, reflecting a decrease from the previous period[122] Market and Pricing - The average domestic urea price was around RMB 2,700 per ton in Q1 2023, but fell sharply in Q2 due to reduced agricultural demand and international price declines[13] - The price of phosphoric acid and diammonium phosphate dropped significantly, with prices falling from RMB 3,800-3,850 per ton to RMB 2,400 per ton by the end of June 2023[14] - The domestic urea net supply is expected to remain stable or slightly increase year-on-year in the second half of 2023, with significant growth in exports anticipated[10] Strategic Initiatives - The company plans to enhance its marketing capabilities and improve product brand premium to adapt to the challenging market environment[8] - The company aims to continue reducing costs and increasing efficiency to improve the return on investment[8] - The company is actively pursuing clean energy industry layouts and promoting green low-carbon development strategies[10] - The company plans to enhance the safety and stability of production operations and optimize its business model in the second half of 2023[10] - The company is focusing on digitalization in areas such as smart factories, smart ports, and smart sales[40] Investments and Expenditures - Capital expenditures totaled RMB 172.4 million, with significant investments in projects such as RMB 86.3 million for the acrylonitrile project and RMB 22.7 million for the underground mining project[34] - The company invested RMB 305,169,000 in property, plant, and equipment, down from RMB 514,381,000 in the same period last year, indicating a reduction in capital expenditure[62] Corporate Governance and Shareholder Information - The company has maintained high standards of corporate governance to enhance transparency and protect shareholder interests[42] - As of June 30, 2023, the company had a total issued share capital of 4,610,000,000 shares, including 2,813,999,878 domestic shares and 1,796,000,122 H shares[47] - China National Offshore Oil Corporation holds approximately 97.33% of domestic shares and 59.41% of total issued shares[46] Employee and Training - The group trained 48,930 employees in the first half of 2023, with a total training duration of 145,558 hours[37] Future Outlook - The company has outlined a future outlook projecting a revenue growth of 12% for the second half of 2023, driven by increased demand in the agricultural sector[153] - Overall, China BlueChemical Ltd. remains optimistic about its growth trajectory, with a commitment to sustainability and innovation as key drivers for future success[153]

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） （股份代碼：3983） 截至2023年6月30日止六個月的 中期業績公告 | --- | --- | --- | --- | |-------|-------------------------------------------------|-------|-------| | | | | | | | 財務摘要 | | | | 1. | 收入為人民幣 6,176 百萬元 | | | | 2. | 毛利為人民幣 1,064 百萬元 | | | | 3. | 本公司擁有人權益應佔淨利潤為人民幣 1,715 百萬元 | | | | 4. | 每股基本盈利為人民幣 0.37 元 | | | — 1 — （一）未經審計中期簡明合併財務報表 簡明合併損益表 截至2023年6月30日止六個月期間 | --- | --- | --- | --- | |---------- ...

Financial Performance - Total sales revenue for 2022 reached RMB 14,279.0 million, an increase of 6.6% compared to RMB 13,398.0 million in 2021[6] - Gross profit for 2022 was RMB 2,536.6 million, a decrease of 13.6% from RMB 2,936.4 million in 2021[6] - The net profit attributable to shareholders for 2022 was RMB 1,642.6 million, representing an increase of 9.7% from RMB 1,497.6 million in 2021[6] - The group’s revenue for the reporting period was RMB 14,279.1 million, an increase of 12.2% compared to RMB 13,398.0 million in 2021[32] - The group's gross profit was RMB 2,536.6 million, a decrease of 13.6% from RMB 2,936.4 million in 2021[32] - The group's net profit for the reporting period was RMB 1,798.7 million, an increase of RMB 157.3 million from RMB 1,641.4 million in 2021[43] - The company reported a significant increase in revenue, achieving a total of $X billion, representing a Y% growth compared to the previous year[93] - The company reported a significant increase in revenue, reaching $X billion, representing a Y% growth year-over-year[99] Assets and Equity - Total assets as of December 31, 2022, amounted to RMB 23,497.7 million, up from RMB 21,431.6 million in 2021, reflecting a growth of 9.7%[7] - The company’s total equity increased to RMB 17,776.6 million in 2022, up from RMB 16,914.7 million in 2021[7] - The company's total share capital was RMB 4.61 billion, with 4.61 billion ordinary shares issued[108] - The company's distributable reserves amounted to RMB 13,547.68 million as of December 31, 2022[110] Production and Sales - The total production of urea reached 1.962 million tons, phosphorous compound fertilizer 933,000 tons, methanol 1.520 million tons, and polyformaldehyde 21,000 tons in 2022[13] - The company sold 1.959 million tons of urea, 1.506 million tons of methanol, 624,000 tons of phosphorous fertilizer, 299,000 tons of compound fertilizer, and 21,000 tons of polyformaldehyde in 2022[13] - The sales volume of the company's fertilizer products showed a slight decline, with urea sales down 1.5% and compound fertilizer down 5.0% compared to the previous year[9] - The company maintained a balanced production and sales strategy despite a significant reduction in exports[26] Market and Strategic Plans - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[3] - The company plans to enhance HSE and production management, improve marketing capabilities, and increase direct sales ratio in 2023[15] - The company is focusing on high-end chemical new materials and has made significant progress in the acrylonitrile project, which is expected to enhance its position in the organic chemical sector[13] - The company anticipates a stable demand for urea and phosphorous fertilizers in 2023, with potential fluctuations in prices during the off-season[15] Financial Management - The financing income for 2022 was RMB 314.8 million, a decrease from RMB 372.7 million in 2021[6] - The group's financing costs were RMB 29.4 million, down RMB 21.2 million or 41.9% from RMB 50.6 million in 2021, mainly due to a decrease in the average scale of working capital loans and financing rates[38] - The group recorded a net foreign exchange gain of RMB 9.4 million, significantly up from RMB 0.4 million in 2021, attributed to increased foreign currency receipts from export business and the adoption of spot exchange policies[39] - The company is monitoring liquidity risks and balancing the sustainability and flexibility of funding through various financing means[50] Corporate Governance - The company held an annual general meeting and approved 19 proposals, including the 2021 financial report and the 2022 budget plan[63] - The board consists of seven members, including two executive directors and three independent non-executive directors, ensuring compliance with the listing rules[66] - The company has established mechanisms to ensure independent viewpoints within the board, including the presence of independent non-executive directors[68] - The company has a policy for board member diversity, considering factors such as gender, age, and professional experience[66] Risk Management and Compliance - The company has implemented a risk management and internal control system, which is regularly reviewed for effectiveness[75] - The company has complied with all provisions of the Corporate Governance Code during the reporting period[137] - The supervisory board confirmed that the company strictly adhered to financial laws and regulations, with effective financial management systems in place[143] Environmental and Social Responsibility - The company has established environmental KPI targets and is actively monitoring their implementation as part of its governance responsibilities[73] - The company made charitable donations totaling RMB 20.3 million during the fiscal year[110] Related Party Transactions - The related transactions with China National Offshore Oil Corporation (CNOOC) and its affiliates are classified as connected transactions under the listing rules[123] - The company has established a natural gas supply contract with CNOOC (China) Limited, effective from April 8, 2016, expected to last until July 31, 2024, primarily for the Fudao Phase I urea plant[126] Future Outlook - The company provided a positive outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[95] - Overall, the company remains optimistic about future growth, driven by strategic initiatives and market expansion efforts[99]

中海石油化学股份有限公司 China BlueChemical Ltd (於中華人民共和國註冊成立的股份有限公司) 年度報告 2022 香 港 股 票 代 碼 ： ３９８３ 歡迎進入中海化學 合併財務狀況表 合併權益變動表 公 司 簡 介 中海石油化學股份有限公司("中海石油化學" 、"本公司"或"我們"， 連同其子公司合稱"本集團"，股票代碼：3983)是中國最大的央企化肥生產 商及領先的甲醇生產商。中海石油化學總部位於北京市，生產設施位於中國 海南省、內蒙古自治區、湖北省及黑龍江省，總設計年產能達236萬噸尿素、 100萬噸磷複肥，160萬噸甲醇及6萬噸聚甲醛。2006年9月29日，中海石油化 學在香港聯合交易所有限公司("香港聯交所")掛牌上市。 中海石油化學是中國化肥和甲醇產量最大的上市公司之一。作為中國海洋石 油集團有限公司("中國海油")旗下的子公司，中海石油化學具備的有利條件 為其化肥及化工業務的快速發展奠定了堅实基礎。 海南生產裝置 內蒙古生產裝置 湖北生產裝置 黑龍江生產裝置 目 錄 001 財務數據摘要 002 004 營運數據摘要 首席執行官報告 006 023 管理層討論和分析 企業管 ...

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份內容 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） （股份代碼：3983） 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 14,279 百萬元 | | | | 2. | 毛利為人民幣 2,537 百萬元 | | | | 3. | 本公司擁有人應佔淨利潤為人民幣 1,643 百萬元 | | | | 4. | 每股基本盈利為人民幣 0.36 元 | | | | 5. | 擬派年末股息為每股人民幣 0.178 元 | | | — 1 — （一）經審計合併財務報表 合併損益表 截至2022年12月31日止年度 | --- | --- | --- ...