2022-04-27 16:00Financial Performance - Operating revenue for the first quarter of 2022 was RMB 771,386 million, representing a 33.8% increase from RMB 576,559 million in the same period of 2021[2] - Net profit attributable to shareholders of the parent company for Q1 2022 was RMB 22,605 million, up 24.5% from RMB 18,160 million in Q1 2021[2] - Basic earnings per share for Q1 2022 were RMB 0.187, a 24.7% increase compared to RMB 0.150 in Q1 2021[2] - Total revenue for the first quarter of 2022 reached RMB 771,386 million, a 33.8% increase from RMB 576,559 million in the same period of 2021[8] - Net profit attributable to shareholders for the first quarter of 2022 was RMB 22.605 billion, up 24.5% year-on-year[12] - The company's total operating profit for the three months ended March 31, 2022, was RMB 33,777 million, compared to RMB 30,589 million in the same period last year, reflecting a growth of 7.1%[40] - The net profit attributable to shareholders for the three months ended March 31, 2022, was RMB 23,338 million, up from RMB 18,774 million in the same period of 2021, marking an increase of approximately 24.5%[41] Assets and Liabilities - Total assets as of March 31, 2022, reached RMB 2,014,107 million, an increase of 6.6% compared to RMB 1,889,255 million at the end of 2021[2] - Total liabilities rose to RMB 1.078 trillion as of March 31, 2022, from RMB 973.21 billion at the end of 2021[23] - Cash and cash equivalents decreased to RMB 187.32 billion as of March 31, 2022, from RMB 221.99 billion at the end of 2021[22] - The total assets minus current liabilities as of March 31, 2022, were RMB 1,284,106 million, compared to RMB 1,247,975 million at the end of 2021, indicating an increase of approximately 2.9%[46] Cash Flow - The net cash flow used in operating activities for Q1 2022 was RMB (46,781) million, a significant decrease from RMB (15,188) million in Q1 2021[2] - The company's operating cash inflow for the three months ended March 31, 2022, was RMB 840,175 million, an increase of 30.8% compared to RMB 642,216 million for the same period in 2021[32] - The company reported a net cash inflow from financing activities of RMB 58,780 million for the three months ended March 31, 2022, compared to RMB 50,886 million in the same period of 2021, representing an increase of approximately 15.5%[47] Production and Sales - Oil and gas equivalent production increased by 3.7% to 121.41 million barrels in the first quarter of 2022[14] - The average realized price of crude oil rose by 62.2% to USD 89.02 per barrel compared to USD 54.89 per barrel in the previous year[14] - Total refined oil sales volume for Q1 2022 was 51.02 million tons, a decrease of 1.8% compared to Q1 2021[17] - Domestic refined oil sales volume increased by 2.6% year-on-year to 41.06 million tons in Q1 2022[17] - The exploration and development segment generated revenue of RMB 81,207 million, a 51.7% increase from RMB 53,588 million in the same period last year[38] - The refining segment's revenue increased to RMB 384,300 million, up 29.3% from RMB 297,047 million year-over-year[38] - The marketing and distribution segment reported revenue of RMB 372,799 million, an increase of 33.1% compared to RMB 280,273 million in the previous year[38] Research and Development - Research and development expenses increased by 30.8% to RMB 2,706 million, reflecting a commitment to innovation[8] - Research and development expenses for Q1 2022 were RMB 2,706 million, compared to RMB 2,069 million in Q1 2021, reflecting a 30.8% increase[28] Investments and Capital Expenditures - Capital expenditures for Q1 2022 amounted to RMB 25.38 billion, with RMB 15.25 billion allocated to exploration and development[19] - The company incurred capital expenditures of RMB 31,762 million during the three months ended March 31, 2022, compared to RMB 20,723 million in the same period of 2021, reflecting an increase of about 53.3%[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 530,030, with the largest shareholder holding 68.31% of the shares[10] - Shareholders' equity increased to RMB 530,109 million, compared to RMB 526,314 million in the previous period[27]