CNPCCCL(000617)2024-04-29 10:17Financial Performance - Total revenue for Q1 2024 was CNY 9,701,139,108.17, an increase of 6.04% compared to CNY 9,148,987,111.70 in the same period last year[3] - Net profit attributable to shareholders decreased by 21.07% to CNY 1,728,026,223.71 from CNY 2,189,387,086.90 year-on-year[3] - Basic and diluted earnings per share decreased by 17.65% to CNY 0.14 from CNY 0.17 in the same period last year[3] - Net profit for the current period was ¥3,662,547,051.42, a decrease of 3.71% from ¥3,804,666,005.47 in the previous period[17] - The net profit attributable to the parent company's shareholders decreased to ¥1,728,026,223.71, down 21.05% from ¥2,189,387,086.90[17] - Total comprehensive income for the current period was ¥3,617,780,907.30, slightly down from ¥3,816,603,889.46 in the previous period[17] Cash Flow - Net cash flow from operating activities improved by 46.51%, reaching CNY -13,815,003,849.29 compared to CNY -25,826,997,736.22 in the previous year[5] - The net cash flow from operating activities was -13,815,003,849.29, an improvement from -25,826,997,736.22 in the previous period, indicating a reduction in cash outflow[20] - The net cash flow from investing activities was 19,563,751,631.00, a significant turnaround from -2,906,910,795.13 in the prior period, reflecting improved investment returns[20] - Cash inflow from financing activities increased to 25,208,508,961.87, compared to 9,246,159,190.00 in the previous period, showing enhanced borrowing capabilities[20] - The net cash flow from financing activities was 6,271,779,489.82, a recovery from -3,824,676,462.75 in the last period, indicating better financial management[20] - The total cash and cash equivalents at the end of the period reached 161,865,580,952.73, up from 128,664,169,158.35 in the previous period, reflecting a strong liquidity position[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,018,964,061,277.34, a decrease of 5.11% from CNY 1,073,799,860,872.79 at the end of the previous year[3] - Total current liabilities decreased from CNY 866,020,567,419.55 to CNY 803,726,031,724.51, a decrease of approximately 7.2%[14] - Non-current liabilities increased from CNY 23,049,807,114.72 to CNY 26,890,762,307.01, an increase of about 16.3%[14] - Total liabilities decreased from CNY 889,070,374,534.27 to CNY 830,616,794,031.52, a decline of approximately 6.6%[14] - Total equity increased from CNY 184,729,486,338.52 to CNY 188,347,267,245.82, an increase of about 3.5%[14] Shareholder Information - Shareholders' equity attributable to shareholders increased by 1.50% to CNY 101,634,291,751.45 from CNY 100,131,453,321.88 year-on-year[3] - The top shareholder, China National Petroleum Corporation, holds 77.35% of the shares, totaling 9,778,839,652 shares[7] Investment and Development - The company reported non-recurring gains of CNY 8,826,511.11 for the current period[4] - There were no significant new product developments or market expansion strategies mentioned in the report[9] Other Financial Metrics - The weighted average return on equity decreased by 0.55 percentage points to 1.71% from 2.26% in the previous year[3] - Cash and cash equivalents decreased from CNY 37,591,036,901.39 to CNY 34,002,685,221.31, a reduction of about 6.9%[11] - The balance of trading financial assets decreased from CNY 64,659,385,144.64 to CNY 62,140,546,701.34, a decline of approximately 3.9%[12] - The balance of receivables increased significantly from CNY 23,983,023.46 to CNY 83,006,416.01, an increase of about 246.5%[12] - The balance of long-term equity investments decreased from CNY 15,986,193,470.35 to CNY 15,772,143,923.60, a decline of about 1.3%[13]