股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2024年8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 中國海洋石油有限公司 | | | 呈交日期: | 2024年9月4日 | | | I. 法定/註冊股本變動 不適用 | | | III.已發行股份及/或庫存股份變動詳情 (A). 股份期權（根據發行人的股份期權計劃） 不適用 第 3 頁 共 10 頁 v 1.1.0 FF301 第 1 頁 共 10 頁 v 1.1.0 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00883 | | 說明 | 於香港聯交所上市的股份（「香港股份」） | | | | | 多櫃檯證券代號 | 80883 | | RMB 說明 | | | | ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國海洋石油有限公司 呈交日期： 2024年9月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 (註7) (i) 上市發行人已收取其在是次股份發行或庫存股份出售或轉讓應得的全部款項； (viii) 有關債券、借貸股份、票據或公司債券的信託契約/平邊契據經已製備及簽署，有關詳情已送呈公司註冊處處長存檔（如法律如此規定）。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 0 ...

证券研究报告 公司盈利预测（百万元） | --- | --- | --- | --- | --- | |-------------------|-----------|-------------------------|-----------|-----------| | 资产负债表 | | 2023A 2024E 2025E 2026E | | | | 流动资产 : | | | | | | 现金及现金等价 物 | 150,562 | 214,277 | 278,758 | 346,111 | | 应收款 | 36,386 | 39,710 | 42,409 | 44,527 | | 存货 | 6,451 | 7,481 | 8,069 | 8,298 | | 其他流动资产 | 56,876 | 58,024 | 58,957 | 59,689 | | 流动资产合计 | 250,275 | 319,492 | 388,194 | 458,625 | | 非流动资产 : | | | | | | 金融类资产 | 44,304 | 44,304 | 44,304 | 44,304 | | 固定资产 | 7,010 ...

中国海油（600938.SH）2024 年半年报点评 ➢ 事件：2024 年 8 月 28 日，公司发布 2024 年半年度报告。2024 年上半年， 公司实现营业收入 2267.7 亿元，同比增长 18.1%；实现归母净利润 797.3 亿元， 同比增长 25.0%；实现扣非归母净利润 792.0 亿元，同比增长 27.1%。 ➢ 24Q2 归母净利润同环比增长。24Q2，公司营业收入为 1153.0 亿元，同比 增长 22.2%，环比增长 3.4%；归母净利润为 400.1 亿元，同比增长 26.4%，环 比略增 0.7%；扣非归母净利润为 397.2 亿元，同比增长 28.7%，环比略增 0.6%。 ➢ 资源基础不断夯实，24Q2 产量延续高增长。24H1，公司持续推动增储上 产。在中国海域，成功探获首个超深水超浅层千亿方大气田陵水 36-1，在渤海、 南海东部海域分别探获秦皇岛 27-3 和开平南两个亿吨级油田；在海外，圭亚那 Stabroek 区块获得新发现 Bluefin 扩大区块东南部储量规模；成功签署莫桑比 克 5 个区块石油勘探与生产特许合同。24H1，公司实现油气产量 362.6 百万桶 ...

东吴证券研究所 1 / 3 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------|-----------|-----------|-----------|-------|-----------|--------------------------------|---------|---------|---------|---------| | [ 资产负债表（百万元） Table_Finance] | 2023A | 2024E | 2025E | | 2026E | 利润表（百万元） | 2023A | 2024E | 2025E | 2026E | | 流动资产 | 250,275 | 266,417 | 279,512 | | 315,390 | 营业总收入 | 416,609 | 453,606 | 485,200 | 506,733 | | 货币资金及交易性金融资产 | 194,866 | 205,845 | 216,111 | | ...

Investment Rating - The report maintains a "Buy" rating for both A-shares and H-shares of the company [3][22]. Core Insights - The company achieved a revenue of 226.77 billion yuan in the first half of 2024, representing an 18.07% year-on-year increase, and a net profit attributable to shareholders of 79.73 billion yuan, up 25.05% year-on-year [3]. - The company continues to see significant growth in oil and gas production, with a total output of 362.6 million barrels of oil equivalent in the first half of 2024, a 9% increase year-on-year [3][22]. - The company is actively expanding its exploration efforts, with new discoveries in Guyana and Mozambique, enhancing its overseas exploration potential [2][3]. Financial Performance - In Q2 2024, the company reported a revenue of 115.30 billion yuan, a 22.20% increase year-on-year, and a net profit of 40.01 billion yuan, up 26.43% year-on-year [3]. - The gross margin for Q2 2024 was 53.99%, showing an improvement from Q1 2024 [3]. - The company’s oil price realization was $81.87 per barrel in Q2 2024, a 12% increase year-on-year, with a Brent crude oil average price of $85.03 per barrel [3]. Capital Expenditure and Cost Management - Capital expenditure for the first half of 2024 was 63.1 billion yuan, a 12% increase year-on-year, with a notable rise in development expenditure [1][3]. - The company’s oil production cost per barrel decreased to $27.91 in Q2 2024, reflecting improved operational efficiency [4]. Shareholder Returns - The company repurchased 16.366 million H-shares in July 2024 and announced a mid-year dividend of 0.74 HKD per share, a 25.4% increase year-on-year [5].

| --- | --- | --- | --- | |--------------|---------------------------------------|----------|-----------------------------| | 投资评级声明 | 类别 说明 评级 体系 | | | | | | 买入 | 预期股价相对收益 20% 以上 | | | 自报告日后的 6 个月内，相对同期沪 | 增持 | 预期股价相对收益 10%-20% | | 股票投资评级 | 深 300 指数的涨跌幅 | 持有 | 预期股价相对收益 -10%-10% | | | | 卖出 | 预期股价相对收益 -10% 以下 | | | 自报告日后的 个月内，相对同期沪 | 强于大市 | 预期行业指数涨幅 5% 以上 | | 行业投资评级 | 6 深 300 指数的涨跌幅 | 中性 | 预期行业指数涨幅 -5%-5% | | | | 弱于大市 | 预期行业指数涨幅 -5% 以下 | | --- | --- | --- | --- | |--------------------------|----------------- ...

Production and Exploration - The company's net production reached 362.6 million barrels of oil equivalent in the first half of 2024, an increase of 9.3% year-on-year, achieving historical highs in both domestic and international oil and gas production [31]. - The company completed 174 exploration wells and collected 4,755 square kilometers of 3D seismic data in the first half of 2024, contributing to significant exploration advancements [36]. - The company has made significant breakthroughs in exploration technology, leading to the discovery of several large oil fields, including the Longkou 7-1 and Bohai Zhong 26-6 [35]. - The company's oil and gas production in the first half of 2024 consisted of 78.2% oil liquids and 21.8% natural gas, with oil liquids production increasing by 8.8% and natural gas production rising by 10.8% year-on-year [67]. - Total sales volume was 356.1 million barrels of oil equivalent, an increase of 11.1% from 320.6 million barrels in the first half of 2023 [134]. Financial Performance - The company's operating revenue for the first half of 2024 reached RMB 226.77 billion, an increase of 18% compared to RMB 192.06 billion in the same period last year [59]. - Net profit attributable to shareholders of the parent company was RMB 79.73 billion, reflecting a 25% increase from RMB 63.76 billion year-on-year [59]. - The net cash flow from operating activities amounted to RMB 118.55 billion, up 19% from RMB 99.62 billion in the previous year [59]. - Oil and gas sales revenue for the first half of 2024 reached RMB 185,112 million, an increase of 22.0% compared to RMB 151,686 million in the same period of 2023 [134]. - Crude oil sales amounted to RMB 161,256 million, up 24.1% from RMB 129,933 million year-on-year [134]. - Natural gas sales increased to RMB 23,856 million, reflecting a 9.7% rise from RMB 21,753 million in the previous year [134]. Investments and Dividends - The company plans to distribute an interim dividend of HKD 0.74 per share, reflecting its commitment to shareholder returns [22]. - The company has initiated 24 assistance projects in various regions, investing over RMB 60 million to support rural revitalization efforts [71]. - The company declared cash dividends totaling RMB 45 million during the reporting period [198]. - The company plans to distribute an interim dividend of HKD 0.74 per share for 2024, marking a historical high for the same period [60]. Environmental and Technological Initiatives - The company has initiated the first offshore photovoltaic integrated project at the Penglai oil field, enhancing its commitment to green and low-carbon development [40]. - The company is focusing on integrating oil and gas exploration with renewable energy development, with an 82% coverage rate of photovoltaic systems at onshore terminals [40]. - The company is committed to technological innovation to enhance competitiveness, with insufficient core technology reserves potentially impacting its operational goals [85]. - The company is actively promoting green low-carbon development and has made significant investments in offshore wind power and CCS/CCUS research [175]. Risk Management - The company has established a risk management and internal control system to mitigate potential losses from operational risks [46]. - The company is actively enhancing its risk management and internal control systems to address significant risks through a comprehensive risk management mechanism [93]. - The company faces risks from high customer concentration, where a significant reduction in purchases from major clients could adversely affect performance [83]. - The company has a high concentration of procurement from major suppliers, and any disruption in service from these suppliers could negatively impact operations and performance [84]. - The company is exposed to exchange rate risks due to revenue being primarily in RMB and USD, which could affect cash flow if capital expenditures require currency conversion [88]. Asset and Liability Management - The total assets of the company at the end of the reporting period were RMB 1,075.40 billion, a 7% increase from RMB 1,005.60 billion at the end of the previous year [59]. - The net assets attributable to shareholders of the parent company increased by 8% to RMB 719.20 billion from RMB 666.59 billion year-on-year [59]. - The company's total liabilities amounted to RMB 354,501 million, which is a 5.0% increase from RMB 337,722 million at the end of 2023 [185]. - Current liabilities rose to RMB 166,125 million, a significant increase of 34.0% from RMB 123,939 million at the end of 2023, primarily due to an increase in dividend payables [186]. Cost Management - Operating expenses for the company were RMB 17,463 million, an 8.4% increase from RMB 16,103 million year-on-year [134]. - The company maintained a strong cost control with a decrease in per barrel operating cost to $6.81, down 4.9% from $7.16 in the previous year [134]. - Depreciation, depletion, and amortization (excluding oilfield abandonment costs) rose to RMB 35,385 million, a 12.1% increase from RMB 31,577 million in the previous year [136]. Challenges and Outlook - The company anticipates an increase in carbon dioxide emissions in line with production growth, posing challenges to meet national emission reduction standards and potentially leading to increased costs and reputational damage [79]. - The company faces potential delays in project development in Canada due to the need for consultations with Indigenous peoples regarding land ownership claims [110]. - The company regularly reviews oil and gas price forecasts, and significant deviations from these forecasts could have adverse effects on its financial performance [105].

证券代码：600938 证券简称：中国海油 公告编号：2024-020 中国海洋石油有限公司 2024 年中期股息分配方案的公告 公司拟向全体股东派发中期股息每股 0.74 港元（含税）。公司实际派发的 中期股息总额将根据实施权益分派股权登记日的已发行股份总数确定。股息将以 港元计值和宣派，其中 A 股股息将以人民币支付，折算汇率以董事会宣派股息之 日前一周的中国人民银行公布的港元对人民币中间价平均值计算；港股股息将以 港元支付。 如在本公告披露之日起至实施中期股息派息的权益分派股权登记日，因可转 债转股、回购股份、股权激励授予股份回购注销，或重大资产重组股份回购注销 等致使公司已发行股份总数发生变动的，公司拟维持每股派息金额不变，相应调 整利润分配总额。 根据公司 2023 年度股东周年大会决议，公司 2023 年度股东周年大会授权董 事会决定公司 2024 年中期股息派发方案，本次中期股息分配方案无需提交股东 大会审议。 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： 每股分配比例：每股派发股息 0.74 港 ...

中国海洋石油有限公司关于 对中海石油财务有限责任公司的风险持续评估报告 根据《上海证券交易所上市公司自律监管指引第 5 号——交易与关联交易》 的要求，中国海洋石油有限公司（以下简称"公司"）通过查验中海石油财务有限 责任公司（以下简称"海油财务"）《金融许可证》《营业执照》等证件资料，并 审阅了海油财务的 2024 年半年度财务报表，对海油财务的经营资质、内控、业 务和风险状况进行了评估，具体情况报告如下： 一、 海油财务的基本情况 海油财务于 2002 年 5 月 13 日由中国人民银行批准开业，于 2002 年 6 月 14 日完成工商登记。 机构地址：北京市东城区东直门外小街 6 号海油大厦 金融许可证机构编码：L0007H211000002 统一社会信用代码：91110000710929818Y 注册资本：40 亿元人民币，其中：中国海洋石油集团有限公司占股比 62.90%； 中海石油（中国）有限公司占股比 31.80%；中海石油炼化有限责任公司占股比 3.53%；海洋石油工程股份有限公司占股比 1.77%。 经营范围涵盖国家金融监督管理总局允许财务公司开展的各项业务，包括： 1)吸收成员单位存款； ...