WZ5-3E-1 井于 2023 年 4 月 29 日开钻，精准确定潜山界面，5 月 31 日钻 至 1275.17m，在流三段砂岩和石炭系碳酸盐岩地层均取得油气发现，根据地质 认识，决定首先对石炭系潜山风化壳 1144.23m 至 1275.17m 裸眼段进行中途第 一次测试（DST1），采用 20.64mm 油嘴自喷求产，获得日产油 1105.81 立方 米、日产气 27384 立方米的高产工业油气流（具体情况详见 2023 年 6 月 13 日 刊登在中国证监会指定创业板信息披露网站上的相关公告）。 潜能恒信能源技术股份有限公司（以下简称"潜能恒信"或"公司"）海 外全资公司智慧石油投资有限公司（英文名称：SMART OIL INVESTMENT LTD., 以下简称"智慧石油"）通过参与中国海洋石油集团有限公司（以下简称"中 国海油"或"国家公司"）组织的对外合作招标，与洛克石油（渤海）公司 （以下简称"洛克石油"）共同取得了中国南海北部湾涠洲 10-3 西油田暨 22/04 区块勘探开发权益。2018 年 7 月 3 日智慧石油和洛克石油与中国海油签 订了为期 30 年的产品分成合同—《中国南海北部 ...

Financial Performance - The company's revenue for Q1 2023 was ¥109,500,170.16, representing a 3.00% increase compared to ¥106,307,388.12 in the same period last year[5] - Net profit attributable to shareholders decreased by 79.12% to ¥2,099,626.75 from ¥10,057,303.43 year-on-year[10] - The company's basic earnings per share fell by 78.98% to ¥0.0066 from ¥0.0314 in the same period last year[5] - Net profit for Q1 2023 was CNY 2,143,880.55, a decrease of 78.77% from CNY 10,134,567.37 in Q1 2022[23] - The total comprehensive income attributable to the parent company for Q1 2023 was CNY 1,602,752.21, a decrease from CNY 9,348,923.85 in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities was ¥43,714,243.19, down 36.41% from ¥68,745,586.67 in the previous year[11] - The cash flow from operating activities showed a net outflow, indicating potential liquidity challenges[21] - Cash inflow from operating activities totaled CNY 156,147,245.03, compared to CNY 137,530,401.23 in the previous period, representing an increase of approximately 13.5%[25] - Net cash flow from operating activities was CNY 43,714,243.19, a decrease of about 36.5% from CNY 68,745,586.67 in the previous period[25] - Net cash flow from financing activities was negative CNY 18,375,887.81, a decrease from a positive CNY 53,896,669.29 in the previous period[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,971,808,068.04, a decrease of 0.94% from ¥1,990,442,461.33 at the end of the previous year[5] - The total liabilities increased significantly, with accounts payable rising by 398.04% to ¥53,563,000.00 due to the issuance of bank acceptance bills[8] - Non-current liabilities totaled CNY 280,521,937.24, a decrease from CNY 283,791,280.31 in the previous period[20] - The company's cash and cash equivalents decreased from 600,279,399.37 yuan at the beginning of the year to 532,191,769.03 yuan at the end of the reporting period[18] Operating Costs and Expenses - Operating costs increased by 26.44% to ¥68,272,688.11, primarily due to higher oil and gas asset depreciation and production costs[9] - Financial expenses surged by 295.31% to ¥2,770,112.68, attributed to increased loan interest expenses[9] - Total operating costs rose to CNY 107,480,846.44, up 15.19% from CNY 93,274,565.93 in the previous year[21] - The company reported a financial expense of CNY 2,770,112.68, significantly higher than CNY 700,736.56 in the same period last year[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17.651 million[13] - The largest shareholder, Zhou Jinming, holds 41.64% of the shares, amounting to 133,240,000 shares, with 35,677,800 shares pledged[13] - The total number of preferred shareholders at the end of the reporting period is not applicable[15] Exploration and Production - The company reported a daily crude oil production of 529.56 cubic meters (approximately 3,703 barrels) from the Bohai 09/17 contract area QK18-9-3 well[15] - The QK18-9-4d well encountered oil layers at approximately 1,523 meters, indicating potential reserves similar to the 17-3 old oil field[16] - The company is actively exploring the potential of the Nansha Weizhou 22/05 contract area with the deployment of the WZ10-11-1 well[16] - The company has made significant exploration breakthroughs in the Ordovician potential mountain area, opening new development opportunities[15] Inventory and Receivables - Accounts receivable decreased from 49,598,208.86 yuan to 40,560,808.79 yuan during the reporting period[18] - Inventory decreased from 6,921,139.78 yuan to 5,749,796.92 yuan[18]

Financial Performance - The company's operating revenue for 2022 was ¥481,221,677.86, representing an increase of 18.42% compared to ¥406,385,437.73 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥41,056,571.54, a growth of 19.76% from ¥34,283,609.81 in 2021[18]. - The cash flow from operating activities increased by 22.08% to ¥117,180,023.00 in 2022, up from ¥95,987,924.98 in 2021[18]. - The total assets at the end of 2022 reached ¥1,990,442,461.33, marking a 24.47% increase from ¥1,599,152,863.17 at the end of 2021[18]. - The company's weighted average return on equity increased to 3.29% in 2022 from 2.82% in 2021[18]. - The company reported a total net profit after deducting non-recurring gains and losses of ¥38,729,108.04 for 2022, up 13.79% from ¥34,034,200.64 in 2021[18]. - The operating profit for the year was 61.71 million yuan, an increase of 34.52% compared to the previous year[32]. - The gross margin for oil and gas extraction was 52.15%, an increase of 9.94% from the previous year[63]. - The company reported a decrease in sales volume for oil and gas extraction, totaling 109,241.58 tons, down 16.29% from 2021[64]. - The company’s exploration and development expenses increased due to higher oil prices and increased exploration efforts[62]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares to all shareholders, based on a total of 320,000,000 shares[3]. - The proposed cash dividend for 2022 is CNY 0.20 per 10 shares, amounting to a total cash dividend of CNY 6,400,000.00, which represents 100% of the profit distribution[154]. - The total distributable profit available for shareholders as of December 31, 2022, is CNY 411,501,608.06[156]. - The company achieved a shareholder participation rate of 44.90% in the first temporary shareholder meeting held on March 3, 2022[131]. Operational Highlights - The company drilled a record number of wells in 2022, completing 5 offshore exploratory wells and 239 onshore production wells, the highest drilling workload since its transformation[30]. - The Bohai 09/17 contract block exploration achieved significant breakthroughs with a daily production of 529.56 cubic meters of crude oil and 82,320 cubic meters of gas, setting a new record for daily output in smart oil exploration[30]. - The company is focusing on enhancing oil and gas exploration and production capabilities to meet the increasing global demand for energy resources[29]. - The company successfully deployed and drilled the first exploratory well in the Nanhai Weizhou 22/04 contract area, discovering high-quality fracture-cave reservoirs[31]. - The company is transitioning from a service-oriented model to an integrated operation model combining technical services, exploration development rights, and production rights[49]. Research and Development - R&D investment amounted to ¥10,062,062.92, representing 2.09% of operating revenue, down from 3.32% in the previous year[74]. - The company is developing new technologies, including a 16-level downhole fiber optic sensor and deep learning-based seismic phase recognition technology, to enhance operational efficiency and reduce costs[72]. - The company is committed to increasing R&D efforts to maintain its core technological competitiveness in the oil and gas exploration sector[108]. Risk Management - The company has outlined potential risks and corresponding measures in the section discussing future development outlook[3]. - The company faces risks related to international operations, including legal risks and currency fluctuations, which could impact overall operations and profitability[107]. - The company is exposed to international oil price volatility, which directly affects the demand and profitability of its traditional oilfield services[107]. - The company acknowledges operational risks associated with offshore oil and gas production, including environmental protection and safety concerns[110]. Corporate Governance - The company has a clear governance structure, with defined roles and responsibilities for the board, supervisory board, and management team[126]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[127]. - The company has established a comprehensive performance evaluation system and compensation mechanism for senior management, linking their performance directly to income[128]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring independent operational capabilities[129]. Financial Management - The company has not engaged in any securities or derivative investments during the reporting period, focusing instead on core operations[82][83]. - The company has committed to enhancing the efficiency of fundraising usage through strategic adjustments and project management[91]. - The company has provided a guarantee of up to RMB 40 million for its wholly-owned subsidiary, Wisdom Oil Investment Co., Ltd., for a comprehensive credit line with Hangzhou Bank[192]. - The total approved guarantee amount at the end of the reporting period is RMB 162,306.38 million, with the actual guarantee balance totaling RMB 137,933.38 million[192]. Employee and Workforce Management - The company has a total of 92 employees, with 54 being technical personnel and 12 in finance[150]. - The company has established a training system for employees, including new employee orientation and professional skills training[152]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[156]. Strategic Initiatives - The company is adapting its service offerings to meet the evolving needs of clients, particularly in integrated exploration and development services[88]. - The company plans to increase investment efforts before 2025, aiming to discover hundreds of millions of tons of oil reserves and gradually put them into production[100]. - The company has shifted its focus from traditional services to integrated exploration and development services to meet client demands[94].

潜能恒信能源技术股份有限公司（以下简称"公司"）2022年年度报告及其摘 要于2023年4月22日披露于中国证监会指定的创业板信息披露网站。 潜能恒信能源技术股份有限公司 证券代码：300191 证券简称：潜能恒信 公告编号：2023-015 潜能恒信能源技术股份有限公司 关于举行 2022 年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 为便于投资者能够更深入、全面地了解公司经营情况，公司将于2023年5月9 日（星期二）下午15：00-17：00在全景网举办2022年度网上业绩说明会。本次 年度业绩说明会采用网络远程的方式举行，投资者可登录"全景·路演天下" （http://rs.p5w.net）参与互动交流。 出席本次年度报告说明会的人员有：公司董事长周锦明先生、董事会秘书张 志坚先生、财务总监布艳会先生、独立董事王月永先生和保荐代表人郑雷钢先生， 具体以当天实际参会人员为准。 （问题征集专题页面二维码） 潜能恒信能源技术股份有限公司 董事会 2023 年 4 月 21 日 为充分尊重投资者、提升交流的针对性，现就公司2022年 ...

证券代码：300191 证券简称：潜能恒信 潜能恒信能源技术股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|---------------------|---------------------------|--------------------------------------------------------| | | | | | | 投资者关系活动 | | √特定对象调研 □分析师会议 | | | 类别 | | □媒体采访 □业绩说明会 | | | | □ | 新闻发布会 □路演活动 | | | | □现场参观 | □ 其他 | | | 参与单位名称及 | | | 机构及代表：中信证券-（卢博森）阳光资产-（马毅超、张学 | | 人员姓名 | 鹏） | | | | 时间 | 2015 年 12 月 | 30 日 | | | 地点 | 公司北辰大会室 | | | | 上市公司接待人 | 周锦明、张卉 | | | | 员姓名 | | | | | 投资者关系活动 | 1、提问：渤海 | 05/31 | 合同中标后用不用先支付一笔费 ...

证券代码：300191 证券简称：潜能恒信 潜能恒信 2015 年第二次临时股东大会现场互动 编号：2015003 | --- | --- | --- | |----------------|---------------------------------|-------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | √现场参观 | | | | √ 其他 参加 2015 | 年第二次临时股东大会 | | 参与单位名称及 | | 股东及股东代表：郑启芬、唐洪、许佳飞、楼一峰、王育新 | | 人员姓名 | 机构及代表：上海证券-（彭蕴亮） | | | | 中信证券-（卢博森） | | | 时间 | 2015 年 11 月 2 | 日 | | 地点 | 公司北辰大会室 | | | 上市公司接待人 | | 周锦明、张卉、陈洁、王月永 、布艳会、闫福旺、吴丽琳等 | | 员姓名 | | | ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥134,266,345.61, representing a 29.64% increase year-over-year[5] - Net profit attributable to shareholders for Q3 2022 was ¥16,083,404.51, a 49.42% increase compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.0518, reflecting a 54.17% increase year-over-year[5] - The company reported a year-to-date operating revenue of ¥364,942,135.00, which is a 20.63% increase compared to the same period in 2021[14] - The company's net profit attributable to shareholders for the first nine months of 2022 was ¥42,596,718.84, a significant increase of 65.31% year-over-year[14] - The company reported a significant increase in cash received from operating activities, totaling ¥41,029,258.53 for the first nine months of 2022, compared to ¥4,088,491.48 in the same period of 2021, representing a growth of 903.53%[16] - The total comprehensive income for the third quarter was CNY 45,235,620.58, compared to CNY 25,654,678.43 in the same period last year, representing an increase of approximately 76.5%[29] - Basic and diluted earnings per share increased to CNY 0.1300 from CNY 0.0805, reflecting a growth of 61.7% year-over-year[29] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥1,792,469,178.10, marking a 12.09% increase from the end of the previous year[5] - The company's total assets increased to CNY 1,792,469,178.10, compared to CNY 1,599,152,863.17 at the end of the previous year[25] - Current liabilities totaled CNY 240,305,035.81, a slight increase from CNY 228,459,921.99 in the previous period[25] - Non-current liabilities rose to CNY 283,295,516.32, compared to CNY 138,050,998.46 in the same period last year[25] - The company's equity attributable to shareholders reached CNY 1,267,388,710.32, up from CNY 1,230,006,782.77 year-on-year[25] Cash Flow and Financing - The company’s cash flow from operating activities for the year-to-date period was ¥111,628,026.81, reflecting a 29.21% increase[5] - Cash flow from operating activities generated a net cash inflow of CNY 111,628,026.81, up from CNY 86,393,681.39, marking a rise of 29.2%[31] - Cash received from the sale of goods and services was CNY 361,930,520.78, compared to CNY 338,203,992.53 in the previous year, indicating an increase of 7.0%[30] - The net cash outflow from investing activities was CNY -201,485,993.40, a decrease from CNY 90,159,570.53 in the prior year, showing a significant decline in investment cash flow[31] - Cash flow from financing activities resulted in a net inflow of CNY 109,882,694.59, compared to a net outflow of CNY -54,694,048.72 in the same period last year[31] - The total cash inflow from financing activities was CNY 197,680,394.43, up from CNY 110,000,000.00, reflecting an increase of 79.6%[31] Expenses and Taxation - The financial expenses for the first nine months of 2022 showed a decrease of 374.86%, primarily due to increased foreign exchange gains[14] - The tax and additional charges increased by 133.74% year-over-year, attributed to rising oil prices and increased oil and gas extraction revenues[14] - Tax payments increased by 108.34%, amounting to ¥71,934,672.45 in 2022 compared to ¥34,527,279.85 in 2021, primarily due to higher special oil income tax, VAT, and resource tax[16] - The company reported a significant increase in tax expenses, totaling CNY 72,897,361.38, compared to CNY 31,187,863.93 in the previous year[28] Shareholder Information - The total number of common shareholders reached 19,688, with the top shareholder, Zhou Jinming, holding 41.64% of the shares[18] Other Notable Events - The company initiated a seismic data collection project in Mongolia, expected to save approximately $3 million through optimized project design and execution[21] - The company secured new bank loans totaling ¥197,680,394.43, a 79.71% increase from ¥110,000,000.00 in the previous year, to support production operations[16] - The company has applied for a comprehensive credit facility of up to ¥350 million, including a ¥50 million application to Citic Bank, to support its operational needs[21] - The company reported an increase in other cash received related to operating activities, amounting to CNY 41,029,258.53, compared to CNY 4,088,491.48 in the previous year, a growth of 906.5%[30] - The company experienced a foreign exchange gain of ¥8,321,465.33, a significant improvement from a loss of ¥1,104,501.75 in the previous year, reflecting an 853.41% change[16] - The company did not undergo an audit for the third quarter report[32]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥230,675,789.39, representing a 15.94% increase compared to ¥198,966,644.51 in the same period last year[20]. - The net profit attributable to shareholders increased by 76.72% to ¥26,513,314.33 from ¥15,003,416.98 year-on-year[20]. - The net cash flow from operating activities surged by 3,133.07% to ¥117,373,146.15, compared to a negative cash flow of ¥3,869,774.46 in the previous year[20]. - Basic earnings per share rose by 70.58% to ¥0.08 from ¥0.0469 in the same period last year[20]. - Total assets at the end of the reporting period reached ¥1,731,666,135.84, an increase of 8.29% from ¥1,599,152,863.17 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.66% to ¥1,250,465,404.00 from ¥1,230,006,782.77 at the end of the previous year[20]. - The weighted average return on net assets improved to 2.14% from 1.24% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥25,168,247.04, a 69.76% increase from ¥14,825,577.32 in the same period last year[20]. - The company reported a net cash flow from financing activities of ¥53,720,587.82, a 591.42% increase from a negative cash flow of ¥10,931,625.00 in the previous year, attributed to increased bank loans for production operations[51]. - The company's revenue from oil and gas extraction reached ¥224,202,573.42, representing a year-on-year increase of 26.92%[53]. - The gross profit margin for oil and gas extraction improved to 51.97%, an increase of 11.44% compared to the previous year[53]. Exploration and Development Activities - The company completed drilling and testing work for the CFD1-2-4 well, discovering multiple oil and gas layers[28]. - The QK18-3-1 well in the Bohai 09/17 contract area confirmed multiple oil-bearing intervals, supporting further exploration[29]. - The company is preparing for its first offshore drilling operation in the South China Sea, with the WZ5-3-1 well ready for drilling[30]. - The company plans to complete 560 kilometers of 2D seismic data acquisition in the Ergel-12 block in Mongolia this year[32]. - The company is focused on enhancing production efficiency and reducing costs in the Jiu 1-9 5 block, aiming to exceed annual crude oil production targets[33]. - The company has initiated comprehensive evaluations of discovered oil traps to assess their commercial value and development potential[28]. - The company has developed a proprietary high-success-rate oil exploration technology, transitioning from a service-oriented model to a comprehensive international energy company, with significant advancements in oil and gas exploration and development[34]. - The company has successfully discovered geological reserves of 4.5094 million tons of crude oil and 582 million cubic meters of dissolved gas in the CFD1-2 structure, with plans for further exploration and production upgrades in 2022[37]. - The company has signed a 30-year production sharing contract for the Nansha 22/05 block, estimating total oil and gas resources of 1.25 billion cubic meters, with geological reserves expected to be between 34.1-56.8 million cubic meters[40]. - The company aims to achieve an annual production capacity of 500,000 cubic meters (400,000 tons) in the Weizhou 10-3 West oil field, with a cumulative production target of approximately 3.6 million cubic meters (3 million tons)[40]. Technological Development - The company has developed over 50 core software systems, including WEFOX and SinoGeoStar, and possesses advanced computing clusters to support complex geological data processing[44]. - The company is leveraging artificial intelligence to create a high-precision 3D spatial big data software platform, enhancing exploration efficiency and reducing costs[34]. - The company has established an integrated service model for exploration and development, ensuring high-quality technical services and project management[43]. - The company is focusing on research and development of new products to drive future growth[186]. Financial Management and Investments - Research and development expenses decreased by 33.48% to ¥5,158,417.46, as the company focused on offshore exploration and onshore drilling operations, resulting in reduced R&D workload[51]. - The company reported a significant increase in accounts payable, which rose to ¥143,075,037.32, a 2.72% increase in proportion[58]. - Long-term borrowings increased to ¥80,233,544.43, reflecting a new 2-year bank loan for operational purposes[58]. - The company has allocated $79,674,578.21 for the exploration and mining project in the Bohai 09/17 block, which includes a principal of ¥40,001,600 and interest of ¥39,658,600[68]. - The company has utilized approximately $15 million in additional fundraising for the Ergel-12 exploration project[68]. - The company has adjusted its investment strategy for the Bohai 05/31 block based on the exploration progress and actual funding needs, focusing on drilling costs[68]. - The company has not encountered any violations in the management of raised funds during the reporting period, ensuring timely and accurate disclosures[69]. Market and Operational Risks - The company faces risks related to international operations, including legal risks, exchange rate fluctuations, and local policy changes, which could adversely affect overall operations and profitability[81]. - The exploration period for the China Bohai 05/31 contract is 30 years, with the company bearing 100% of exploration costs, which poses significant financial risk if no commercial oil or gas is discovered[83]. - The company acknowledges the uncertainty of exploration results, as resource estimates are based on internal assessments without third-party evaluations, which could lead to financial losses if exploration is unsuccessful[85]. - The company faces risks related to the legal and operational environment in Mongolia, which could adversely affect overall operations[86]. - The company must submit environmental impact reports and development plans to the Chinese government for approval before proceeding with development in the Weizhou 10-3 West Oilfield[87]. Shareholder and Corporate Governance - The company has implemented a reasonable profit distribution plan to reward shareholders based on its development and relevant laws and regulations[106]. - There were no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[109]. - The company maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[115]. - The company has not engaged in any significant related party transactions during the reporting period[116]. - The company has not reported any changes in the holdings of directors, supervisors, and senior management during the reporting period[149].

Financial Performance - The company's revenue for Q1 2022 was CNY 106,307,388.12, representing an increase of 8.48% compared to CNY 97,998,056.18 in the same period last year[3]. - Net profit attributable to shareholders for Q1 2022 was CNY 10,057,303.43, a significant increase of 52.19% from CNY 6,608,471.74 year-on-year[3]. - Operating profit for the same period was 13.79 million RMB, up 46.19% year-on-year[15]. - Net profit for Q1 2022 reached CNY 10,134,567.37, representing a 50.5% increase from CNY 6,722,401.07 in Q1 2021[25]. - Basic earnings per share for Q1 2022 were CNY 0.03, compared to CNY 0.02 in Q1 2021, reflecting a 50% increase[25]. Cash Flow - The net cash flow from operating activities surged by 388.57% to CNY 68,745,586.67, compared to CNY 14,070,723.32 in the previous year[3]. - Operating cash inflow for the current period was $137,530,401.23, an increase of 8.9% from $126,406,613.61 in the previous period[28]. - Cash inflow from financing activities was $90,000,000.00, with net cash flow from financing activities at $53,896,669.29, recovering from a negative $4,531,625.00 in the prior period[29]. - The net increase in cash and cash equivalents for the current period was $38,753,076.02, contrasting with a decrease of $27,100,480.61 in the previous period[29]. - Total cash outflow from operating activities decreased to $68,784,814.56 from $112,335,890.29, a reduction of 38.8%[28]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,672,640,989.75, reflecting a 4.60% increase from CNY 1,599,152,863.17 at the end of the previous year[3]. - Total liabilities increased to CNY 430,572,859.24 in Q1 2022 from CNY 366,510,920.45 in Q1 2021, marking a rise of 17.5%[21]. - Long-term investments stood at CNY 150,242,841.84 in Q1 2022, slightly down from CNY 150,693,828.78 in Q1 2021[20]. Shareholder Information - The company has a total of 18,228 common shareholders as of the reporting period[10]. - The largest shareholder, Zhou Jinming, holds 41.64% of the shares, with 99.93 million shares pledged[10]. Government and Financial Support - The company received government subsidies amounting to CNY 1,550,000.00 during the reporting period[5]. - Financial expenses increased by 185.55% to CNY 700,736.56, attributed to higher loan amounts and interest expenses[7]. Investments and Operations - The company plans to invest 18 million USD in its wholly-owned subsidiary, Wisdom Oil, for oil exploration and development in the South China Sea[16]. - Wisdom Oil will hold 100% exploration rights in the designated area for six years, with a 49% share in any commercial oil and gas discoveries[16]. - The company successfully completed drilling and testing of the CFD1-2-4 well, achieving daily oil production of 30.48 cubic meters and 31.65 cubic meters from two separate layers[17]. Other Financial Metrics - The weighted average return on equity improved to 0.81%, up from 0.55% in the previous year[3]. - Cash and cash equivalents increased to approximately 494.62 million RMB from 457.94 million RMB at the beginning of the year[19]. - Accounts receivable rose to 49.57 million RMB, compared to 45.99 million RMB at the start of the year[19]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -708,379.58 in Q1 2022 compared to CNY 471,198.38 in Q1 2021[25].