CNPCCCL(000617)2024-10-29 11:54Financial Performance - Total operating revenue for Q3 2024 was ¥9,746,380,228.44, an increase of 2.28% year-on-year[2] - Net profit attributable to shareholders for Q3 2024 was ¥1,297,088,635.08, a decrease of 4.57% compared to the same period last year[2] - Net profit excluding non-recurring gains and losses for Q3 2024 was ¥1,007,958,445.39, down 24.02% year-on-year[2] - Basic earnings per share for Q3 2024 was ¥0.10, a decrease of 9.09% compared to the same period last year[2] - The company reported a decrease in net profit for the year-to-date of 17.55% compared to the same period last year[2] - Net profit for the current period was ¥8,809,054,337.38, down from ¥9,904,868,664.51 in the previous period, indicating a decrease of about 11.0%[15] - The company's total comprehensive income for the period attributable to the parent company was CNY 3,339,733,720.15, a decrease of 45.1% compared to CNY 6,105,965,563.40 in the previous period[18] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,104,838,835,086.63, an increase from ¥1,073,799,860,872.79 at the end of the previous year[3] - The total liabilities increased to CNY 703.78 billion from CNY 696.99 billion, indicating a growth in financial obligations[12] - Total liabilities increased to ¥919,012,085,144.80 from ¥889,070,374,534.27, representing a rise of approximately 3.0%[13] - Non-current liabilities totaled ¥24,431,902,982.59, up from ¥23,049,807,114.72, marking an increase of about 6.0%[13] - The company's total assets reached ¥1,104,838,835,086.63, compared to ¥1,073,799,860,872.79 at the beginning of the period, showing a growth of approximately 2.9%[13] Cash Flow - Cash flow from operating activities for the year-to-date was ¥90,421,056,856.80, a decrease of 4.66% year-on-year[2] - The net cash flow from operating activities was CNY 90,421,056,856.80, down from CNY 94,839,362,481.10 in the previous period, reflecting a decrease of 4.4%[18] - The cash inflow from investment activities totaled CNY 169,759,033,500.26, compared to CNY 108,121,023,040.74 in the previous period, indicating an increase of 56.9%[18] - The net cash flow from financing activities was CNY -11,498,344,813.24, an improvement from CNY -12,899,576,911.88 in the previous period[19] - The total cash and cash equivalents at the end of the period reached CNY 232,477,427,386.77, an increase from CNY 186,022,483,390.57 in the previous period, reflecting a growth of 25.0%[19] Equity and Investments - Shareholders' equity attributable to the parent company at the end of Q3 2024 was ¥102,000,019,021.11, up from ¥100,131,453,321.88 at the end of the previous year[3] - The company's equity attributable to shareholders reached ¥102,000,019,021.11, an increase from ¥100,131,453,321.88, representing a growth of approximately 1.9%[13] - The total equity investments decreased from CNY 15.99 billion to CNY 15.20 billion, a decline of approximately 4.9%[12] - The company held CNY 71.76 billion in buyback financial assets, a significant increase from CNY 8.75 billion at the beginning of the period[11] Operational Highlights - The weighted average return on equity for Q3 2024 was 1.27%, a decrease of 0.1 percentage points year-on-year[2] - The company's interest income for the current period was ¥25,514,409,258.78, compared to ¥24,884,137,865.76 in the previous period, reflecting an increase of about 2.5%[14] - Research and development expenses were reported at ¥2,422,313,623.78, slightly up from ¥2,405,278,939.39 in the previous period, indicating a marginal increase[14] - The company reported an increase in other income to ¥181,979,714.85 from ¥293,336,694.71, indicating a decrease of approximately 38.0%[14] - The company plans to expand its market presence and enhance its product offerings as part of its strategic initiatives[10] Financial Agreements - The company has signed a financial service agreement with China Petroleum Group, anticipating routine related transactions for the years 2025 to 2027[10]