2022-10-27 16:00Financial Performance - For Q3 2022, the company's operating revenue reached RMB 840,780 million, representing a 23.0% increase compared to RMB 683,760 million in the same period last year[4] - The net profit attributable to shareholders of the parent company was RMB 37,880 million, a significant increase of 71.5% from RMB 22,089 million year-on-year[4] - The basic earnings per share for Q3 2022 was RMB 0.21, up 71.5% from RMB 0.12 in the same quarter of the previous year[5] - The company reported a net profit of RMB 120,271 million for the nine-month period, which is a 60.1% increase compared to RMB 75,126 million in the same period last year[4] - The company achieved operating revenue of RMB 2,455.40 billion, a year-on-year increase of 30.6%[10] - The net profit attributable to shareholders was RMB 120.27 billion, reflecting a year-on-year growth of 60.1%[10] - The company reported a gross profit margin of approximately 20% for Q3 2022, compared to 18% in Q3 2021[22] - The company achieved a total comprehensive income of RMB 53,383 million in Q3 2022, compared to RMB 20,649 million in Q3 2021[22] - The company reported a total profit of RMB 55,016 million for Q3 2022, up from RMB 36,186 million in Q3 2021[22] - Net profit for Q3 2022 was RMB 41,916 million, up 66% from RMB 25,239 million in Q3 2021[22] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was RMB 313,548 million, reflecting a 38.3% increase from RMB 226,747 million in the previous year[6] - Cash flow from operating activities generated RMB 313,548 million in Q3 2022, compared to RMB 226,747 million in Q3 2021, representing a 38.2% increase[26] - The total cash and cash equivalents at the end of Q3 2022 amounted to RMB 235,264 million, up from RMB 172,580 million at the end of Q3 2021[26] - The company's cash and cash equivalents rose to RMB 235,264 million as of September 30, 2022, compared to RMB 136,789 million at the end of 2021[30] - The company’s cash flow from operating activities increased by 38.3% year-on-year, indicating a healthy financial status[10] - The company reported a net cash flow from operating activities of RMB 313,548 million for the nine months ended September 30, 2022, compared to RMB 226,747 million in the prior year, reflecting a year-over-year increase of 38%[32] Assets and Liabilities - Total assets as of September 30, 2022, amounted to RMB 2,793,316 million, an increase of 11.6% from RMB 2,502,262 million at the end of the previous year[6] - Total liabilities increased to RMB 1,280,607 million, up from RMB 1,093,409 million, reflecting a growth of approximately 17.1%[19] - Shareholders' equity reached RMB 1,512,976 million, compared to RMB 1,409,124 million at the end of 2021, indicating an increase of around 7.3%[19] - Current assets rose significantly to RMB 769,989 million, compared to RMB 480,838 million in the previous year, marking an increase of about 60.2%[18] - Accounts receivable increased to RMB 98,557 million, compared to RMB 52,746 million, reflecting an increase of about 87%[18] - Inventory levels rose to RMB 206,494 million, up from RMB 143,848 million, indicating a growth of approximately 43.5%[18] Production and Sales - Domestic crude oil production reached 576.9 million barrels, up 2.7% compared to the same period last year[10] - The average realized price of crude oil for the first three quarters of 2022 was $95.19 per barrel, an increase of 51.9% year-on-year[10] - The company’s overall crude oil production was 677.0 million barrels, a year-on-year increase of 2.2%[10] - Natural gas sales volume was 3,444.8 billion cubic feet, up 5.0% compared to the same period last year[11] - Gasoline, kerosene, and diesel sales volume decreased by 10.5% to 11,075.1 thousand tons[14] - The company processed 77,456 thousand tons of gasoline, kerosene, and diesel, with gasoline production down 12.4%[13] Segment Performance - The operating profit from the oil and gas and new energy segment was RMB 138.93 billion, an increase of RMB 80.56 billion year-on-year[10] - Total revenue for the oil and gas and new energy segment reached RMB 688,759 million, up from RMB 487,479 million in the same period last year, marking a growth of 41%[33] - The refining, chemical, and new materials segment generated external revenue of RMB 254,715 million, slightly increasing from RMB 244,452 million in the previous year, a growth of 4%[33] - The operating profit for the oil and gas and new energy segment was RMB 138,933 million, a substantial increase from RMB 58,369 million in the prior year, reflecting an increase of 138%[33] Research and Development - Research and development expenses for Q3 2022 were RMB 4,816 million, an increase from RMB 3,706 million in Q3 2021[22] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and drive future growth[33]