Financial Performance - Operating revenue for the first nine months was ¥21,532,303,698.55, representing a growth of 16.49% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was ¥885,888,970.47, up 37.69% year-on-year[5]. - Basic earnings per share increased by 28.13% to ¥0.0993 compared to the same period last year[6]. - Net profit attributable to shareholders increased by 37.69% to ¥885,888,970.47, driven by growth in workload[15]. - Total revenue for Q3 2019 reached ¥7,658,128,912.55, an increase of 6.97% compared to ¥7,159,934,295.91 in Q3 2018[26]. - The net profit for Q3 2019 was approximately ¥233 million, compared to ¥76 million in Q3 2018, indicating a significant increase of approximately 205.5%[28]. - The total profit for Q3 2019 was approximately ¥337 million, up from ¥128 million in Q3 2018, reflecting an increase of about 163.3%[28]. - Total revenue for the first three quarters of 2019 reached ¥22.71 billion, an increase of 8.8% compared to ¥20.87 billion in the same period of 2018[31]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥29,393,223,448.93, an increase of 5.81% compared to the end of the previous year[5]. - Total liabilities decreased significantly, with long-term borrowings down by 78.06% to ¥346,263,592.64, following repayment from IPO proceeds[12]. - Total liabilities decreased to ¥10,760,709,335.66 from ¥13,840,332,927.25, a reduction of approximately 22.5%[22]. - The company's equity attributable to shareholders increased to ¥18,187,898,445.74 from ¥13,523,287,062.45, reflecting a growth of approximately 34.5%[22]. - The total current assets were approximately ¥7.59 billion, while total non-current assets stood at around ¥14.74 billion[39]. Cash Flow - Net cash flow from operating activities for the first nine months decreased by 47.07% to ¥709,446,534.82[5]. - Cash and cash equivalents increased by 84.54% to ¥1,855,878,282.23 compared to the end of 2018, primarily due to funds raised from the IPO[13]. - The net cash flow from operating activities was -407,142,804.30 RMB, a significant decrease compared to 542,863,346.95 RMB in the previous year, indicating a decline of approximately 175%[33]. - Cash inflow from financing activities totaled ¥7.06 billion in the first three quarters of 2019, compared to ¥3.00 billion in the same period of 2018[32]. - The company reported a net cash outflow from investing activities of ¥573.29 million for the first three quarters of 2019, an improvement from a net outflow of ¥688.53 million in the same period of 2018[32]. Shareholder Information - The total number of shareholders at the end of the reporting period was 319,224[9]. - The largest shareholder, China National Offshore Oil Corporation, holds 79.84% of the shares[9]. Research and Development - The company received government subsidies totaling ¥41,193,384.21 during the reporting period, primarily related to research and development[7]. - Research and development expenses for Q3 2019 were ¥150,696,518.79, up from ¥131,977,431.90 in Q3 2018, reflecting a growth of 14.66%[26]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[31]. Inventory and Receivables - Accounts receivable decreased by 41.56% to ¥86,352,890.00, reflecting a strategy to control financial risks and reduce bill settlements[13]. - Prepayments surged by 246.06% to ¥556,370,723.67, driven by increased service fees due to higher workload[13]. - Inventory rose by 48.32% to ¥810,584,229.60, attributed to increased raw materials and finished goods[13]. - The company reported a significant increase in pre-receipts by 185.72% to ¥766,945,400.55, reflecting higher service fees collected in advance[13]. Investment Income - Investment income grew by 66.35% to ¥171,327,710.46, primarily due to increased returns from LNG shipping investments[15]. - The company's investment income for Q3 2019 was approximately ¥15 million, compared to a loss of ¥45 million in Q3 2018, showing a significant recovery[29].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 13.87 billion, representing a 22.52% increase compared to CNY 11.32 billion in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2019 was CNY 672.15 million, up 14.54% from CNY 586.80 million in the previous year[15]. - Basic earnings per share for the first half of 2019 were CNY 0.0810, a 14.57% increase from CNY 0.0707 in the same period last year[15]. - The total assets at the end of the reporting period were CNY 31.58 billion, an increase of 13.68% from CNY 27.78 billion at the end of the previous year[15]. - The net assets attributable to shareholders increased by 32.59% to CNY 17.93 billion, compared to CNY 13.52 billion at the end of the previous year[15]. - The company reported a total comprehensive income of approximately ¥714.51 million, compared to ¥621.88 million in the same period last year, marking a growth of 14.9%[123]. - The company reported a total profit for the period was approximately ¥939.18 million, compared to ¥794.29 million in the same period last year, reflecting a growth of 18.3%[122]. Cash Flow and Financing - The net cash flow from operating activities decreased by 54.56% to CNY 611.59 million, down from CNY 1.35 billion in the same period last year[15]. - Cash flow from financing activities increased significantly by ¥46.02 billion, mainly due to the receipt of ¥37.55 billion from public fundraising[38]. - The company's cash and cash equivalents surged by 372.81% year-on-year to ¥4.76 billion, reflecting the influx of funds from public offerings[41]. - Cash inflow from financing activities totaled approximately ¥6.05 billion, significantly higher than ¥1.68 billion in the first half of 2018, marking an increase of 260.4%[128]. - The net cash flow from financing activities increased to CNY 3,365,585,267.56, up from CNY 233,604,446.94[130]. Business Segments and Operations - The company operates in four core business segments: energy technology services, FPSO production technology services, energy logistics services, and safety, environmental protection, and energy-saving products and services, providing comprehensive support for offshore oil production[19]. - The FPSO business is a key segment, with the company being the only domestic energy technology service provider capable of FPSO operations, offering services with contract durations typically exceeding 10 years, ensuring stable revenue[24]. - The energy technology service segment reported revenue of 3.903 billion yuan, a significant increase of 45.54% compared to 2.681 billion yuan in the previous year, driven by a 29.65% increase in supervisory technology and a 28.08% increase in support vessel services[32]. - The energy logistics service segment's revenue was 7.545 billion yuan, an increase of 8.74% from 6.939 billion yuan, with diesel sales rising by 37.04% and condensate oil sales increasing by 14.29%[32]. - The safety, environmental protection, and energy-saving segment achieved revenue of 1.888 billion yuan, a growth of 51.14% from 1.249 billion yuan, with water treatment agent sales increasing by 34.74%[32]. Research and Development - The company has established 28 enterprise technology centers and manages several national-level research institutions, enhancing its research and development capabilities across its core business areas[25]. - The company has implemented 369 research projects in the current period, a 10% increase compared to the previous year, reflecting a commitment to enhancing technological profitability[35]. - R&D expenses grew by 19.01% year-on-year to ¥178.63 million, focusing on enhancing oil and gas exploration and production efficiency[37]. Environmental and Social Responsibility - The company has committed to invest ¥1.6 million in poverty alleviation projects, with ¥600,000 allocated for infrastructure improvements and ¥1 million for developing collective economy[80]. - The company has established a working group to assist a designated impoverished village as part of its poverty alleviation efforts[80]. - The company has implemented measures to ensure proper handling and storage of hazardous waste generated during production[87]. - The company has established a total of 15 hazardous waste temporary storage facilities across various locations[89]. - The company has completed the environmental impact assessment for the expansion project of its Tianjin facility, receiving approval from local authorities[94]. Risks and Challenges - The company faces risks from oil price fluctuations, which can suppress exploration and production investments, potentially reducing demand for its services[49]. - Increased competition in the energy service sector is anticipated due to reforms in the oil and gas industry and the entry of private and international capital[49]. - The rapid development of new energy sources poses a transformation challenge for the oil and gas industry, necessitating a focus on cost and green low-carbon advantages[50]. Corporate Governance and Shareholder Relations - The company held three shareholder meetings in the first half of 2019, all prior to its listing on the Shanghai Stock Exchange[53]. - CNOOC commits to providing priority rights to the issuer for any business opportunities that may arise that are similar to those of the issuer[56]. - The company has maintained a good integrity record during the reporting period, with no instances of being issued an integrity record by regulatory authorities[67]. - The company has renewed the appointment of its auditing firm, Lixin Certified Public Accountants, for the 2019 financial report audit[66]. Financial Position and Assets - The total assets at the end of the period amount to 13,800,249,872.08 RMB, showing a robust asset base[138]. - The total liabilities decreased to ¥13,222,874,395.14 from ¥13,840,332,927.25, a decline of approximately 4.5%[117]. - The total equity attributable to shareholders increased by CNY 1,865,104,199.00 during the period[132]. - The total owner's equity at the end of the reporting period is approximately 12.35 billion, with a decrease of 5.23 million in undistributed profits[142].