2023-10-30 16:00Financial Performance - The company's operating revenue for the first nine months of 2023 was RMB 2,282,135 million, a decrease of 7.1% compared to RMB 2,455,401 million in the same period of 2022[2] - The net profit attributable to shareholders for the first nine months of 2023 was RMB 131,651 million, representing a 9.8% increase from RMB 119,931 million in the same period of 2022[2] - The net profit margin for the third quarter of 2023 increased by 21.1% compared to the same period in 2022, reaching RMB 46,379 million[2] - Operating revenue for the third quarter of 2023 was RMB 802,264 million, a decrease from RMB 840,780 million in the same quarter of 2022, representing a decline of about 4.6%[32] - Operating profit for the first nine months of 2023 was RMB 193,342 million, slightly up from RMB 186,108 million in the same period of 2022[42] - The company reported a total profit of RMB 188,973 million for the first nine months of 2023, compared to RMB 173,348 million in the same period of 2022, marking an increase of 9.1%[42] Assets and Equity - The company's total assets as of September 30, 2023, were RMB 2,781,820 million, reflecting a 4.2% increase from RMB 2,670,079 million at the end of the previous year[2] - The company reported a total equity attributable to shareholders of RMB 1,418,589 million as of September 30, 2023, a 3.9% increase from RMB 1,365,640 million at the end of the previous year[2] - The company's total equity reached RMB 1,597,475 million as of September 30, 2023, compared to RMB 1,534,166 million at the end of 2022[55] - The total liabilities amounted to RMB 1,184,359 million, up from RMB 1,135,929 million, indicating an increase of about 4.3% year-over-year[27] Cash Flow and Investments - The net cash flow from operating activities for the first nine months of 2023 was RMB 341,000 million, an increase of 8.8% compared to RMB 313,548 million in the same period of 2022[2] - The company’s cash flow from financing activities showed a net outflow of RMB 132,593 million, compared to RMB 81,415 million in the previous year, indicating higher financing costs[49] - The net cash used in investing activities for the nine months ended September 30, 2023, was RMB 165,279 million, compared to RMB 142,404 million in the same period of 2022, indicating an increase of approximately 16.0%[59] - The company’s total capital expenditure for the nine months ended September 30, 2023, was RMB 174,092 million, an increase from RMB 157,868 million in the same period of 2022, reflecting a rise of about 10.2%[59] Production and Sales - Domestic crude oil production reached 583.8 million barrels, a 1.2% increase from 576.9 million barrels year-on-year[15] - The company achieved a total oil and gas equivalent production of 1,315.4 million barrels, up 5.1% from 1,251.4 million barrels in the previous year[15] - The average realized price of crude oil was $75.28 per barrel, down 20.9% from $95.19 per barrel in the previous year[14] - The average sales price of domestic natural gas was $8.81 per thousand cubic feet, down 4.8% from $9.25 per thousand cubic feet year-on-year[14] - Natural gas sales volume increased by 1.9% to 193.131 billion cubic meters, with domestic sales rising by 5.5% to 155.364 billion cubic meters[21] Segment Performance - The company reported a decrease in external operating revenue from the oil and gas and new energy segment, which was RMB 104,942 million for the nine months ended September 30, 2023, down from RMB 109,936 million in 2022, a decline of about 4.5%[61] - The company’s operating profit from the oil and gas and new energy segment was RMB 132.696 billion, a decrease of 4.5% from RMB 138.933 billion in the previous year[15] - The company’s operating profit in the refining business was RMB 276.81 billion, up 4.1% from RMB 265.87 billion in the previous year[17] - The company processed 1,043.6 million barrels of crude oil, a 16.5% increase from 895.7 million barrels in the previous year[18] Research and Development - Research and development expenses for the third quarter of 2023 were RMB 4,337 million, slightly down from RMB 4,816 million in the same period last year, indicating a decrease of about 9.9%[32] - The company’s R&D expenses for Q3 2023 were RMB 2,601 million, down from RMB 3,618 million in Q3 2022, showing a decrease of 28%[35] Earnings Per Share - The company reported a basic earnings per share of RMB 0.25 for the third quarter of 2023, compared to RMB 0.21 for the same period in 2022, reflecting an increase of approximately 19%[32] - Basic and diluted earnings per share for Q3 2023 were both RMB 0.20, compared to RMB 0.17 in Q3 2022, reflecting a 17.6% increase[35] - Basic and diluted earnings per share increased to RMB 0.58 from RMB 0.55, reflecting a growth of 5.5%[45]