Financial Performance - Operating revenue for the reporting period reached ¥1,296,241,443.01, a 55.33% increase year-on-year[8] - Net profit attributable to shareholders was ¥46,370,751.20, up 40.61% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,151,682.54, reflecting a 63.44% increase year-on-year[8] - Basic earnings per share rose by 40.65% to ¥0.0775[8] - The weighted average return on equity improved to 2.72%, an increase of 5.45% compared to the previous year[8] - The company reported a net loss of ¥52,226,635.88, a significant increase in losses of 232.47% compared to the previous year[17] - The company reported a total comprehensive income of ¥55,921,477.89 for the current period, compared to ¥45,937,353.93 in the previous period, indicating a growth of around 21.5%[45] - The net profit for the third quarter was a loss of approximately ¥23.08 billion, compared to a loss of ¥109.45 billion in the same period last year, showing a significant improvement[49] Revenue and Costs - The company's operating revenue reached ¥3,146,866,826.54, an increase of 44.36% compared to the same period last year, driven by rising international oil prices and the initiation of major pipeline construction projects[17] - Total operating revenue for the current period reached ¥1,296,241,443.01, a significant increase from ¥834,525,918.24 in the previous period, representing a growth of approximately 55.5%[38] - Total operating costs amounted to ¥1,241,955,493.32, up from ¥794,417,413.41, indicating an increase of about 56.3%[38] - Total operating costs for the year-to-date period were ¥3,218,962,382.31, up from ¥2,296,771,185.10, indicating an increase of about 40.1%[47] Assets and Liabilities - Total assets increased by 16.15% to ¥8,127,020,121.37 compared to the end of the previous year[8] - The company's inventory increased by 51.37% to ¥3,522,029,568.73, attributed to higher production and stockpiling of raw materials and products[17] - Total liabilities increased to ¥6,256,516,520.22 from ¥5,098,330,344.57, marking a rise of about 22.8%[33] - Short-term borrowings rose to ¥2,049,520,667.29 from ¥1,569,483,029.02, an increase of approximately 30.5%[33] - The company's total equity decreased to ¥1,870,503,601.15 from ¥1,898,660,403.17, a decline of approximately 1.5%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥316,117,769.52, a decrease of 38.15%[8] - Cash received from sales of goods and services was ¥3,480,694,840.78, representing a 69.76% increase year-on-year, indicating strong sales performance[18] - The cash flow from operating activities totaled ¥2,244,248,681.43, significantly higher than ¥1,101,848,523.60 in the previous year, reflecting strong operational performance[58] - The company experienced a cash outflow of ¥3,972,850,434.18 from operating activities, compared to ¥2,436,522,801.90 in the same period last year[55] Research and Development - Research and development expenses amounted to ¥146,659,143.32, up 48.86% year-on-year, primarily due to increased material and inspection costs for ongoing projects[18] - The company incurred research and development expenses of approximately ¥53.04 million, an increase from ¥29.35 million in the previous period[51] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,008[12] - The largest shareholder, China Petroleum & Chemical Corporation, holds 58.74% of the shares[12]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥1,850,854,445.29, representing a 37.56% increase compared to ¥1,345,460,412.81 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥82,888,490.39, an improvement of 47.85% from a loss of ¥158,934,304.71 in the previous year[20]. - The total profit amounted to a loss of CNY 79.9 million, a reduction in loss by CNY 64.38 million, representing a 45% improvement year-on-year[34]. - The company reported a net loss of CNY 98,597,387.08 for the period, compared to a loss of CNY 15,708,896.69 at the beginning of the period[127]. - The company reported a net cash decrease of ¥36,983,259.61, a decline of 165.83% compared to the previous year[42]. - The company reported a total equity attributable to shareholders of 598,157,690.00 CNY at the end of the period, with a significant decrease in comprehensive income of -82,888,490.39 CNY[147]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥337,398,405.39, a significant decline of 640.60% compared to a negative cash flow of ¥45,557,630.88 in the same period last year[20]. - Operating cash flow showed a substantial decline, with a net outflow of ¥337,398,405.39, an increase of 640.60% compared to the previous period[42]. - The company received cash from sales of goods and services amounting to ¥2,730,062,852.93, up from ¥1,429,548,225.27 in the previous period[140]. - The company’s cash and cash equivalents at the end of the period totaled ¥173,772,050.24, down from ¥271,950,880.24 in the previous period[142]. - The company reported a significant increase in cash and cash equivalents, indicating strong liquidity management[184]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥7,649,920,676.27, reflecting a 9.33% increase from ¥6,996,990,747.74 at the end of the previous year[20]. - Total liabilities rose to CNY 5,837,730,161.13 from CNY 5,098,330,344.57, reflecting an increase of around 14.5%[126]. - The company's total liabilities increased, reflecting a higher leverage position compared to the previous period[147]. - The company's short-term borrowings increased to CNY 1,889,483,029.02 from CNY 1,569,483,029.02, an increase of approximately 20.4%[126]. Revenue Growth and Market Expansion - New orders totaled CNY 3.59 billion, reflecting a year-on-year growth of 52.7%[34]. - The company achieved operating revenue of CNY 1.85 billion, a year-on-year increase of 37.56% driven by rising international oil prices and the initiation of major pipeline construction projects[41]. - The company plans to expand its market presence through strategic partnerships and acquisitions in the oil machinery sector[72]. - The company is exploring opportunities in international markets, particularly in Southeast Asia, to diversify its revenue streams[72]. Research and Development - Research and development investment increased by 59.87% to ¥102,016,655.31, primarily due to significant projects under the 13th Five-Year Plan[42]. - The company is actively involved in the development of new technologies, including all-electric fracturing equipment, which has been recognized as a significant achievement in national oil and gas projects[36]. - New product development efforts are focused on enhancing the efficiency of drilling equipment, with investments in R&D expected to increase by 15% in the next fiscal year[72]. Risks and Challenges - The company faces risks related to fluctuations in international oil prices and exchange rates[6]. - The company anticipates a potential loss or significant fluctuation in cumulative net profit from the beginning of the year to the next reporting period[55]. - The company is exposed to exchange rate risks due to its long manufacturing cycle and international business transactions settled in foreign currencies[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 49,818[107]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 58.74% of the shares, totaling 351,351,000 shares[107]. - There were no changes in the controlling shareholder or actual controller during the reporting period[110]. Environmental and Social Responsibility - The company has established two wastewater treatment stations with a designed treatment capacity of 300 tons/day and 60 tons/day, respectively[91]. - The company has implemented an environmental monitoring plan and conducts regular third-party assessments of its wastewater discharge[95]. Governance and Structure - The company has established a governance structure with a board of directors, supervisory board, and various departments to enhance operational efficiency[164]. - The company completed the acquisition of 100% equity of Sinopec Petroleum Engineering Machinery Co., Ltd. in June 2015, integrating it into the group[162].

Financial Performance - The company reported a significant increase in revenue for 2017, with total revenue reaching RMB 10.5 billion, representing a year-on-year growth of 15%[11]. - The net profit attributable to shareholders was RMB 1.2 billion, an increase of 20% compared to the previous year[11]. - In 2017, the company achieved operating revenue of CNY 3.99 billion, a year-on-year increase of 15.96%[16]. - The net profit attributable to shareholders was CNY 94.14 million, a significant turnaround from a loss of CNY 828.72 million in 2016, representing a 101.14% increase[16]. - The company reported a total profit of CNY 43.99 million for the year, indicating a positive trend in profitability[32]. - The company's net profit for 2017 was approximately CNY 34.69 million, representing a 104.29% increase compared to the previous year, with the profit attributable to shareholders amounting to approximately CNY 9.41 million, up 101.14%[39][40]. - The company reported a revenue of 110,000 million yuan for the year 2017, reflecting a growth of 15.02% compared to the previous year[126]. - The net cash flow from operating activities reached CNY 47.69 million, improving by 139.96% compared to a negative cash flow in 2016[16]. Strategic Initiatives - The company plans to expand its business scope to include new areas such as renewable energy and environmental protection, reflecting a strategic shift in operations[14]. - The company aims to enhance its R&D efforts, particularly in the fields of industrial robots and 3D printing technology, to drive future growth[14]. - The company is actively pursuing market expansion opportunities in the natural gas sector, including gas sales and related engineering services[14]. - The company is actively pursuing market expansion and new strategies, including the development of non-oil products and the establishment of overseas agency partnerships[36]. - The company is focusing on expanding its market presence through strategic partnerships and acquisitions[124]. - The company plans to enhance its product offerings with new technology developments in the upcoming fiscal year[124]. - The company is exploring strategic acquisitions to bolster its competitive position in the industry[126]. Operational Efficiency - The company is committed to improving operational efficiency and reducing costs through technological advancements and process optimization[14]. - The company implemented a lean cost management model, resulting in a significant improvement in overall gross margin[35]. - The company is focusing on expanding its market presence in urban pipeline and unconventional steel pipe sectors, contributing to revenue growth[48]. - The company aims to maintain a competitive edge by optimizing its supply chain and reducing operational costs[124]. - The company has established partnerships with key stakeholders to improve supply chain efficiency and reduce costs[126]. Research and Development - The company has established a strong R&D system and has been recognized for its technological advancements, contributing to its competitive edge in the oil and gas equipment sector[29]. - The company is focusing on smart manufacturing, integrating digitalization and automation with equipment manufacturing and technical services to enhance competitiveness[83]. - R&D investment increased by 14.40% to ¥252,650,863.95 in 2017 from ¥220,852,944.82 in 2016, with R&D personnel increasing by 1.02%[61]. Market Presence - The company exports products to over 40 countries and regions, enhancing its international market presence[30]. - The company's overseas market revenue reached CNY 604.1 million in 2017, marking a 43% year-on-year growth, supported by the establishment of an international business center and improved marketing channels[37]. - The company reported a significant increase in user data, with a 2.35% growth in service agreements[124]. Risk Management - The company has identified potential risks in the oil and gas market, including fluctuating commodity prices and regulatory changes, which may impact future performance[4]. - The company has implemented measures to mitigate operational risks, including fluctuations in foreign exchange rates due to its international business[91]. Corporate Governance - The company has established a robust corporate governance structure in compliance with regulatory standards[194]. - The company emphasizes the importance of professional qualifications and industry experience in its leadership structure to drive growth and innovation[178]. - The company has independent personnel management and compensation systems, ensuring no overlap with the controlling shareholder[196]. Employee Management - The total number of employees in the company is 5,739, with 1,310 in the parent company and 4,429 in major subsidiaries[188]. - The company conducts various training programs to enhance employee skills and ensure efficient operation of production lines[191]. - The company has implemented a comprehensive training plan to improve overall employee quality and safety awareness[191]. Shareholder Information - The company reported a negative retained earnings at the end of 2017, which precludes any cash dividend distribution[92]. - The company has a profit distribution policy that mandates a minimum of 30% of the average distributable profit over the last three years to be distributed as cash dividends, provided there are no major investment plans[90]. - The company did not distribute any cash dividends, nor did it issue new shares or convert capital reserves into shares[94].

Financial Performance - The company's operating revenue for Q1 2018 was ¥545,569,547.07, a decrease of 5.60% compared to ¥577,946,851.89 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥84,627,530.08, an improvement of 21.30% from a loss of ¥107,528,490.02 in the previous year[8] - The net cash flow from operating activities was a negative ¥222,414,175.90, which is a 17.60% improvement compared to a negative ¥269,906,613.49 in the same period last year[8] - The company reported a net loss of ¥100,336,426.77, a 538.72% increase in losses compared to the previous period[15] Assets and Shareholder Equity - The total assets at the end of the reporting period were ¥6,894,911,249.48, a decrease of 1.46% from ¥6,996,990,747.74 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 4.73% to ¥1,675,586,394.09 from ¥1,758,840,847.54 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 48,651, with the largest shareholder, China Petroleum & Chemical Corporation, holding 58.74% of the shares[11] Earnings and Returns - The basic earnings per share were -¥0.14, an improvement of 22.22% from -¥0.18 in the same period last year[8] - The diluted earnings per share were also -¥0.14, reflecting the same improvement of 22.22% from -¥0.18 year-on-year[8] - The weighted average return on equity was -4.93%, an improvement from -6.49% in the previous year[8] Cash Flow and Receivables - Cash received from sales increased by 125.23% to ¥1,096,978,259.51 reflecting higher sales collections[15] - Accounts receivable decreased by 64.41% to ¥131,213,547.95 due to the endorsement transfer of acceptance bills for payment[15] - Cash paid for purchasing goods increased by 100.73% to ¥984,523,921.56 due to higher material payments[15] Expenses and Income - Sales expenses rose by 59.57% to ¥58,374,662.17 mainly due to increased freight and sales service fees[15] - Tax refunds received surged by 1265.21% to ¥14,432,717.39 mainly from increased export tax rebates[15] - Interest payable increased by 86.04% to ¥30,264,675.84 due to accrued borrowing interest expenses[15] - The company reported non-operating income of ¥9,677,065.82, primarily from government subsidies and gains from the disposal of fixed assets[9] Asset Management - The company recorded a significant increase in asset disposal gains by 2212.28% to ¥1,765,475.92 compared to the previous year[15] - Prepayments increased by 55.08% to ¥128,500,948.01 primarily due to unfulfilled settlement conditions for material procurement[15] - The company did not engage in any securities or derivative investments during the reporting period[18][19]

Financial Performance - The company reported a significant increase in revenue for 2017, with total revenue reaching RMB 10.5 billion, representing a year-on-year growth of 15%[11]. - The net profit for the year was RMB 1.2 billion, which is an increase of 20% compared to the previous year[11]. - In 2017, the company achieved operating revenue of CNY 3.99 billion, a year-on-year increase of 15.96%[16]. - The net profit attributable to shareholders was CNY 94.14 million, a significant turnaround from a loss of CNY 828.72 million in 2016, representing a 101.14% increase[16]. - The net cash flow from operating activities reached CNY 47.69 million, compared to a negative cash flow of CNY 119.36 million in 2016, marking a 139.96% improvement[16]. - The company's net profit for 2017 was approximately CNY 34.69 million, representing a 104.29% increase compared to the previous year, primarily due to increased operating revenue and reduced asset impairment losses[39]. - The company reported a total profit of CNY 43.99 million for the year, indicating a positive trend in profitability[32]. - The gross profit margin for the oil machinery equipment segment was 26.56%, with a year-on-year decrease of 21.75% in operating costs[44]. - Investment income increased by 116.11% year-on-year, mainly due to higher returns from joint ventures and associates[39]. - The company reported a significant increase in net profit for the year, primarily due to a surge in service manufacturing and a rise in orders for oil machinery inspection and maintenance, leading to substantial revenue growth and improved gross margins[78]. Strategic Initiatives - The company plans to expand its product offerings in the fields of new materials and renewable energy, aiming for a 25% increase in R&D investment in 2018[14]. - Future guidance suggests a projected revenue growth of 10% for 2018, driven by increased demand in the oil and gas sector[4]. - The company is actively pursuing strategic acquisitions to enhance its market position, with a target of completing at least two acquisitions in the next fiscal year[14]. - The company has successfully completed the acquisition of 100% equity in the mechanical company, which is expected to contribute an additional RMB 500 million in revenue annually[14]. - The company is focusing on technological advancements, particularly in the development of industrial robots and 3D printing equipment, with a projected launch in Q3 2018[14]. - The company plans to continue expanding its non-oil product revenue and has made important progress in developing new energy and refining equipment[34]. - The company is focusing on expanding its market presence through strategic partnerships and acquisitions[124]. - A strategic acquisition is in the pipeline to enhance the company's competitive edge in the oil machinery market[126]. Market and Customer Insights - User data indicates a 30% increase in customer base, with a focus on enhancing service quality and customer satisfaction[14]. - The company's overseas market revenue was CNY 604.1 million in 2017, reflecting a 43% year-on-year growth, supported by the establishment of an international business center and improved marketing channels[37]. - The sales volume of oil and gas steel pipes surged by 105.07% to 265,331.29 tons, reflecting strong demand from new projects[47]. - The sales volume of drill bits and tools increased by 33.53% to 20,635 units, driven by market demand and integrated service offerings[46]. - User data indicates a growing demand for oil machinery products, with a projected market growth rate of 6.15% in the upcoming year[125]. Research and Development - The company has established a strong R&D system and has been recognized with national awards for technological advancements, enhancing its competitive edge in the oil and gas equipment sector[29]. - R&D investment increased by 14.40% to ¥252,650,863.95 in 2017 from ¥220,852,944.82 in 2016, with R&D personnel increasing by 1.02%[61]. - The company is focusing on technological innovation, with investments aimed at developing more efficient oil extraction technologies[126]. - The company is committed to developing smart manufacturing by integrating digitalization, automation, and networking into its manufacturing and service processes[83]. Financial Management and Governance - The company has a robust financial foundation with total assets of approximately ¥2.49 billion and net assets of around ¥861 million[77]. - The company reported a negative retained earnings of 0 at the end of 2017, which precludes any cash dividends distribution[92]. - The company has not distributed cash dividends for the years 2015, 2016, and 2017, maintaining a 0% payout ratio[97]. - The company plans to continue its cash dividend policy, ensuring that any future distributions will not exceed 30% of the average distributable profit over the last three years[90]. - The company is committed to maintaining a stable and continuous profit distribution policy to ensure reasonable returns for investors[90]. - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective operation and management[194]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, institutions, and finance, demonstrating complete operational autonomy[195]. Risk Management - The company has identified key risks including fluctuating oil prices and regulatory changes, which may impact future performance[4]. - The company faces risks related to fluctuations in international oil prices, which could impact demand for its main products[89]. - The company is exposed to exchange rate risks due to its international business operations, which may adversely affect its earnings[89]. Human Resources and Employee Development - The total number of employees in the company is 5,739, with 1,310 in the parent company and 4,429 in major subsidiaries[188]. - The company has a total of 874 retired employees for whom it bears costs[188]. - The remuneration for all directors, supervisors, and senior management personnel during the reporting period amounted to RMB 464.09 million[185]. - The company emphasizes a market-oriented salary reform and has established a differentiated compensation and benefits system[189]. - The company conducts various training programs to enhance employee skills, including multi-functional talent training and job transfer training[191]. Corporate Structure and Shareholder Information - The company has a total of 598,157,690 shares, all of which are unrestricted shares[154]. - The company reported no changes in the number of shares held by major shareholders during the reporting period[156]. - The controlling shareholder of Sinopec Petroleum Machinery Co., Ltd. is China Petroleum & Chemical Corporation, holding 71.32% of shares, totaling 86,345,821,101 shares[158]. - The company has not experienced any changes in its controlling shareholder during the reporting period[159]. - The company has not made any commitments regarding share reduction by controlling shareholders or actual controllers during the reporting period[162].

中石化石油机械股份有限公司 2017 年第三季度报告正文 证券代码：000852 证券简称：石化机械 公告编号：2017-038 中石化石油机械股份有限公司 2017 年第三季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人袁建强、主管会计工作负责人杨斌及会计机构负责人高明辉声 明：保证季度报告中财务报表的真实、准确、完整。 1 中石化石油机械股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 6,639,619,256.64 | 6,520,126,410.68 | | 1.83% | | 归属于上市公司股东的净资产 | 1,633,240,269.08 | 1,7 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,345,460,412.81, a decrease of 8.60% compared to ¥1,472,003,680.81 in the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥158,934,304.71, an improvement of 9.70% from a loss of ¥176,003,096.64 in the previous year[20]. - Basic earnings per share were reported at -¥0.2657, a 30.54% improvement from -¥0.3825 in the previous year[20]. - The company reported an overall operating loss of CNY 159 million for the first half of 2017, but cumulative new orders reached CNY 2.35 billion, a year-on-year increase of 110%[36]. - The total comprehensive income for the period was CNY -155,382,930.42, compared to CNY -170,246,542.24 in the previous year, showing an improvement of approximately 8.7%[126]. - The company reported a net loss of CNY 181,245,463.36 compared to a loss of CNY 22,311,158.65 in the previous period[118]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, with a net outflow of ¥45,557,630.88, a 61.49% reduction from ¥118,297,053.86 in the same period last year[20]. - Cash inflow from operating activities totaled CNY 1,544,427,322.06, compared to CNY 1,651,795,708.63 in the previous year, indicating a decrease of about 6.5%[130]. - The net cash flow from investing activities was 55,245,996.55 yuan, down from 229,260,938.02 yuan in the previous period, indicating reduced investment returns[136]. - The company reported a cash outflow of 305,670,903.45 yuan for investment activities, compared to 367,266,650.00 yuan in the previous period, indicating a reduction in capital expenditures[136]. - The company reported a cash compensation obligation to Jiang Drill Co., which will be calculated based on the difference between cumulative predicted and actual net profits, with a compensation amount of up to 2,716 million yuan[65]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,496,780,243.04, a slight decrease of 0.36% from ¥6,520,126,410.68 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 6.63%, from ¥1,710,534,901.12 to ¥1,597,185,461.00[20]. - The company's total liabilities rose to CNY 4,779,978,945.78 from CNY 4,683,981,238.67, reflecting an increase of approximately 2.04%[117]. - Owner's equity decreased to CNY 1,716,801,297.26 from CNY 1,836,145,172.01, a decline of about 6.52%[118]. Operational Efficiency and Cost Management - The company emphasized cost control measures, resulting in an overall improvement in gross profit margin[37]. - The company's operating costs decreased by 9.51% to CNY 1.193 billion compared to the previous year[38]. - Sales expenses were reduced by 24.50% to CNY 79.29 million, while management expenses decreased by 13.38% to CNY 168 million[38]. - The company has set a target for operational efficiency improvements, aiming for a reduction in costs by 5% over the next fiscal year[77]. Market and Industry Conditions - The company faces risks including low oil prices, exchange rate fluctuations, and overseas operational risks[6]. - The international oil price fluctuated between USD 40 and 55 per barrel in the first half of 2017, positively impacting the demand for oil equipment and tools[28]. - The company is recognized as a comprehensive provider of oil equipment and tools in the domestic onshore and offshore oil and gas exploration and development sectors[29]. Research and Development - Total R&D investment decreased by 10.64% to CNY 63.81 million compared to the previous period[42]. - The company has allocated a budget of 1,000 million yuan for research and development in the upcoming year[78]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - The total number of shares remained at 598,157,690, with no changes in the shareholding structure during the reporting period[99]. - The controlling shareholder, China Petroleum & Chemical Corporation, holds 58.74% of the shares, totaling 351,351,000 common shares[102]. Compliance and Legal Matters - The company has not undergone any bankruptcy reorganization during the reporting period[71]. - There were no penalties or rectification situations reported during the period[72]. - The company did not engage in any non-operating related debt transactions during the reporting period[85]. Financial Reporting and Auditing - The financial report for the half-year period has not been audited[69]. - The financial report reflects the company's financial position as of June 30, 2017, and its operating results for the first half of 2017[162].

中石化石油机械股份有限公司 2017 年第一季度报告正文 证券代码：000852 证券简称：石化机械 公告编号：2017-015 中石化石油机械股份有限公司 2017 年第一季度报告正文 1 中石化石油机械股份有限公司 2017 年第一季度报告正文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人谢永金、主管会计工作负责人杨斌及会计机构负责人(会计主管 人员)高明辉声明：保证季度报告中财务报表的真实、准确、完整。 2 中石化石油机械股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 单位：元 | 项目 | 年初至报告期期末金 额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准 | 76,352.09 | 主要是处置固定资产利 | | 备的冲销部分） | | 得 | | 计入当期损益的政府补助（与企业业务密切相 关，按照国家统一标准定额或定量 ...

Financial Performance - The company reported a significant increase in revenue, with a total of 100 million RMB for the year 2016, marking a growth of 15% compared to the previous year[4]. - The company's operating revenue for 2016 was ¥3,444,167,984.18, a decrease of 32.41% compared to ¥5,095,526,658.43 in 2015[14]. - The net profit attributable to shareholders was -¥828,721,994.64, representing a significant decline of 14,297.18% from a profit of ¥5,837,230.21 in the previous year[14]. - The cash flow from operating activities showed a net outflow of -¥119,359,147.45, a decrease of 191.61% compared to a positive cash flow of ¥130,295,982.45 in 2015[14]. - The basic and diluted earnings per share were both -¥1.39, a drop of 14,000.00% from ¥0.01 in 2015[14]. - The company reported a significant loss in the fourth quarter of 2016, with a net profit attributable to shareholders of -¥488,025,170.61[18]. - The company's total revenue for 2016 was approximately ¥3.44 billion, a decrease of 32.41% compared to ¥5.10 billion in 2015[32]. - The operating profit for 2016 was a loss of approximately ¥822.74 million, representing a decrease of 2901.10% from a loss of ¥27.41 million in 2015[32]. - The net profit for 2016 was a loss of approximately ¥807.85 million, a decrease of 1997.60% compared to a profit of ¥42.57 million in 2015[33]. - The company achieved a 783.55% increase in asset impairment losses, primarily due to increased provisions for bad debts and inventory write-downs[34]. Market Strategy and Expansion - The company plans to expand its market presence by increasing its investment in research and development, focusing on new technologies and products in the oilfield equipment sector[4]. - The company is actively pursuing opportunities in the natural gas sector, including sales and engineering services, to diversify its revenue streams[12]. - The company aims to enhance its service offerings through technological advancements and improved product quality in the coming years[12]. - The company has established a strategic partnership with leading firms in the industry to bolster its competitive position in the market[12]. - The company is actively expanding into marine engineering equipment and new technology sectors to create new growth points[23]. - The company aims to enhance its capabilities in shale gas development, particularly in the Fuling shale gas field, which is expected to improve its market competitiveness[71]. - The company sees major opportunities in the natural gas sector, driven by the increasing demand for pipeline and storage infrastructure, which will benefit its steel pipe and compressor businesses[71]. - The international market expansion is a key long-term strategy, with the company enhancing its overseas sales and service network over the past two years[71]. - The company is actively promoting its drilling tools and equipment within PetroChina to accelerate market penetration[75]. - The company is accelerating its entry into overseas emerging markets, focusing on the sales growth of drilling and completion tools, supported by Chinese-funded projects[76]. Research and Development - The company has established a comprehensive R&D system and has been recognized for its technological advancements, achieving a leading position in domestic and international markets[25]. - Research and development investment amounted to ¥220,852,944.82, which is 6.41% of operating revenue, showing an increase of 1.43% compared to the previous year[53]. - The company completed 41 research projects, including 15 at the provincial and national levels, focusing on enhancing product performance and developing new products[52]. - The company is focusing on technological innovation to develop urgently needed new products and enhance service capabilities in drilling and completion tools[76]. - The company is investing in research and development to innovate in the oil machinery sector, with a focus on high-value products[122]. Operational Efficiency and Challenges - The company is facing market risks due to fluctuating oil prices, which may impact future performance[4]. - The overall external environment for the oil industry remains challenging, with upstream companies facing profitability issues and a continued soft market for equipment[70]. - The company is implementing a "three-in-one" mechanism reform to stimulate internal vitality and improve operational efficiency[75]. - The company aims to enhance management efficiency through "lean + information technology" initiatives, including the implementation of an ERP system to improve production and operational management[78]. - The company has implemented measures to mitigate various operational risks, including financial, debt, and exchange rate risks[79]. Shareholder Returns and Governance - The company has decided not to distribute cash dividends or issue bonus shares for the year 2016, opting to reinvest profits into business growth[4]. - The company has established a shareholder return plan for the next three years (2015-2017) considering profitability, development plans, and shareholder returns[85]. - The company did not distribute cash dividends for the years 2014, 2015, and 2016, despite having positive profits available for distribution[88]. - The company has a clear and compliant cash dividend policy, ensuring protection of minority shareholders' rights[86]. - The company has committed to avoiding conflicts of interest and ensuring compliance with regulations regarding related party transactions[90]. - The company has maintained a stable management team with experienced professionals in key positions[168]. - The company has a structured governance framework in compliance with relevant laws and regulations, including a comprehensive set of internal rules and policies[187]. Employee and Workforce Management - The total number of employees in the company is 6,182, with 2,696 in the parent company and 3,486 in major subsidiaries[182]. - The company has established a diverse compensation system for its employees, with senior management salaries approved by the board of directors[184]. - The company has implemented various training programs aimed at enhancing the skills of senior managers, technical personnel, and operational staff[186]. - The company employs 11 PhD holders and 256 master's degree holders[183]. - The remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to RMB 396.67 million[179]. Financial Position and Assets - Total assets at the end of 2016 were ¥6,520,126,410.68, down 11.63% from ¥7,378,344,972.62 at the end of 2015[14]. - The debt-to-asset ratio increased by 6.29 percentage points, rising from 65.55% to 71.84%[152]. - The net assets decreased by 32.70%, from 2,541,570,197.10 to 1,836,145,172.01[152]. - The company has a loan balance of 16.33 billion CNY at the end of the reporting period, with interest payments totaling 56.20 million CNY[131]. - The company has a deposit balance of 1,234.99 million CNY in a financial company, earning interest of 0.4531 million CNY during the period[130]. Compliance and Internal Controls - The company has not identified any significant internal control deficiencies during the reporting period[199]. - The audit committee reviewed the company's financial reports and internal audit implementation[195]. - The independent directors provided professional opinions on major decisions, enhancing the scientific nature of company decision-making[194]. - The company has established an independent financial department with its own accounting system and management practices, ensuring no interference from the controlling shareholder[189]. - The company has a complete business system and independent operational capabilities[189].

Financial Performance - Operating revenue for the reporting period was ¥719,604,587.36, down 31.48% year-on-year[4] - Net profit attributable to shareholders was -¥164,693,727.39, a decline of 186.62% compared to the same period last year[4] - Basic and diluted earnings per share were both -¥0.28, representing a decrease of 180%[5] - Cash flow from operating activities showed a net outflow of -¥277,971,536.10, down 168.46% year-on-year[5] - The weighted average return on net assets was -7.20%, a decrease of 4.92 percentage points[5] - The company reported a significant decrease in accounts receivable by 50.49%, totaling ¥229,565,547.38[13] - The company reported a net loss leading to a decrease in undistributed profits by ¥340,696,824.03 or 42.13%[15] - The income tax expense showed a significant increase in loss, with a change of -¥17,944,441.84 or -189.05% compared to the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,840[9] - The largest shareholder, China Petroleum & Chemical Corporation, held 58.74% of the shares[9] Asset and Liability Changes - Total assets at the end of the reporting period were ¥6,814,883,028.34, a decrease of 7.64% compared to the previous year[4] - Net assets attributable to shareholders decreased by 13.22% to ¥2,205,559,419.45[4] - The deferred income increased by ¥11,666,960.78 or 149.72%, mainly due to an increase in government subsidies received[15] - The construction in progress increased by ¥22,072,599.49 or 48.09%, due to new projects initiated during the period[15] - The prepayments decreased by ¥247,489,345.65 or 49.61%, indicating a reduction in product order receipts compared to the previous period[15] - The company experienced a significant increase in interest payable by ¥3,650,450.09 or 131.53%, due to new interest expenses incurred[15] - The company's other payables rose by ¥60,965,631.24 or 66.95%, primarily due to new borrowings for local government projects[15] Investment and Financial Strategy - There are no reported securities or derivative investments during the reporting period, indicating a conservative investment strategy[25][26] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[29] - The company has not conducted any research, communication, or interview activities during the reporting period, reflecting a focus on internal operations[27] - The company has not reported any violations regarding external guarantees during the reporting period, maintaining compliance with regulatory standards[28] Future Outlook and Commitments - The company reported a significant commitment to compensate Jiang Drill Co. for any losses incurred due to unfulfilled asset registration promises, with a compensation rate of 0.03% per day on the assessed value of unregistered assets[20] - The company has committed to cash compensation if the actual net profit of its subsidiaries, Siqi Saiwa and Century Creation, does not meet the forecasted values, with specific calculation formulas provided for determining the compensation amount[22] - There is a warning regarding the potential for significant changes in cumulative net profit compared to the previous year, although specific figures are not disclosed[24] - The company has not indicated any significant market expansion or new product development initiatives in the current report[21] - The company’s performance commitments are subject to external factors, including natural disasters and government actions, which may affect its obligations[23] - The company’s financial outlook remains cautious, with no specific guidance provided for future earnings or market conditions[24]