COSL(601808)2024-10-29 11:14Revenue and Profit Performance - Revenue for the third quarter was RMB 11,133.0 million, an increase of 4.7% year-over-year[2] - Net profit attributable to shareholders of the company for the third quarter was RMB 852.3 million, a decrease of 8.8% year-over-year[2] - Revenue for the first three quarters of 2024 reached RMB 33,661.5 million, a year-on-year increase of 14.1%[12] - Net profit for the first three quarters of 2024 was RMB 2,636.5 million, a year-on-year increase of 7.2%[12] - Total revenue for the first three quarters of 2024 reached RMB 33.66 billion, a YoY increase from RMB 29.51 billion in the same period of 2023[20] - Operating profit for the first three quarters of 2024 was RMB 3.76 billion, up from RMB 3.18 billion in the same period of 2023[20] - Net profit attributable to the parent company for the first three quarters of 2024 was RMB 2.64 billion, up from RMB 2.46 billion in the same period of 2023[20] - Net profit attributable to parent company shareholders increased to 2,444,741,857 RMB, up 7.5% year-over-year[21] - Comprehensive income totaled 2,681,373,998 RMB, a 10.6% increase compared to the same period last year[21] - Basic earnings per share increased to 0.51 RMB, up 6.3% year-over-year[21] Asset and Liability Status - Total assets as of the end of the reporting period were RMB 82,738.2 million, a decrease of 0.6% compared to the end of the previous year[4] - Equity attributable to shareholders of the company as of the end of the reporting period was RMB 43,200.5 million, an increase of 3.7% compared to the end of the previous year[4] - Total assets as of September 30, 2024, were RMB 82.74 billion, slightly down from RMB 83.25 billion at the end of 2023[18] - Total liabilities decreased to RMB 38.74 billion as of September 30, 2024, from RMB 40.99 billion at the end of 2023[18] - The company's monetary funds increased to RMB 8.88 billion as of September 30, 2024, from RMB 6.54 billion at the end of 2023[17] - Accounts receivable increased to RMB 17.51 billion as of September 30, 2024, from RMB 14.13 billion at the end of 2023[17] - Inventory increased to RMB 2.70 billion as of September 30, 2024, from RMB 2.37 billion at the end of 2023[18] Cash Flow and Financial Activities - Operating cash flow for the first nine months of the year was RMB 5,118.0 million, an increase of 20.1% year-over-year[2] - Operating cash flow reached 5,117,967,485 RMB, a 20.1% year-over-year growth[22] - Cash received from sales of goods and services amounted to 31,833,586,885 RMB, up 12.3% year-over-year[22] - Investment cash inflow totaled 8,831,280,196 RMB, a 73.4% increase compared to the previous year[23] - Cash outflow for investment activities was 7,116,956,106 RMB, a 133.4% year-over-year increase[23] - Cash and cash equivalents at the end of the period stood at 8,306,717,541 RMB, a 2.6% increase from the previous year[23] - Cash received from government subsidies and grants decreased to 9,959,088 RMB, down 24.4% year-over-year[22] - Cash paid for employee compensation and benefits rose to 5,263,801,079 RMB, a 6.2% year-over-year increase[22] Operational Performance - 2D seismic acquisition increased by 17.8% to 15,306 kilometers in 2024 compared to 12,989 kilometers in 2023[11] - 3D seismic acquisition increased by 79.6% to 21,426 square kilometers in 2024 compared to 11,932 square kilometers in 2023[15] - Total drilling service operating days were 13,166 in 2024, a slight decrease of 0.5% compared to 13,234 in 2023[13] - Jack-up rig operating days increased by 2.0% to 10,595 in 2024 compared to 10,386 in 2023[13] - Semi-submersible rig operating days decreased by 9.7% to 2,571 in 2024 compared to 2,848 in 2023[13] - Vessel service operating days increased by 29.4% to 53,162 in 2024 compared to 41,092 in 2023[14] - Platform supply vessel operating days increased by 29.6% to 17,658 in 2024 compared to 13,630 in 2023[14] - Subsea cable acquisition decreased by 62.7% to 390 square kilometers in 2024 compared to 1,045 square kilometers in 2023[15] - The company's vessel service business managed over 200 vessels by the end of Q3 2024, with a cumulative operation of 53,162 days, a 29.4% YoY increase, including 3,196 days for 12 LNG-powered support vessels, reducing carbon emissions by 12,000 tons annually[16] - 2D seismic acquisition reached 15,306 kilometers, a 17.8% YoY increase, while 3D seismic acquisition reached 21,426 square kilometers, a 79.6% YoY increase, though seabed operations decreased by 43.6% to 899 square kilometers due to weather factors[16] Shareholder and Ownership Information - The company's largest shareholder, China National Offshore Oil Corporation, holds 50.53% of the shares[7] - The company's total number of ordinary shareholders at the end of the reporting period was 49,696[6] Earnings and Return Metrics - Basic earnings per share for the third quarter were RMB 0.18, a decrease of 10.0% year-over-year[2] - Weighted average return on equity for the third quarter was 2.0%, a decrease of 0.3 percentage points year-over-year[2] Government Subsidies - The company received government subsidies of RMB 1,461,195 during the third quarter[5]