Financial Performance - The company reported a revenue decrease of 29.40% to RMB 823,527,000 for the six months ended June 30, 2023[5]. - Gross profit increased significantly by 1139.95% to RMB 194,337,000 compared to the same period last year[5]. - The profit attributable to the owners of the company for the six months ended June 30, 2023, was RMB 68,844,000, a turnaround from a loss of RMB 140,750,000 in the previous year[5]. - Basic earnings per share for the period were RMB 3.474, compared to a loss of RMB 8.371 per share in the prior year[5]. - The total revenue for the six months ended June 30, 2023, was RMB 823,527,000, a decrease of 29.4% compared to RMB 1,166,518,000 for the same period in 2022[25]. - The oil and gas segment generated revenue of RMB 677,016,000, down 34.5% from RMB 1,033,918,000 in the previous year[30]. - The new energy and refining segment reported revenue of RMB 141,016,000, an increase of 14.1% from RMB 123,540,000 in the prior year[30]. - The total segment profit for the six months ended June 30, 2023, was RMB 194,337,000, significantly up from RMB 15,673,000 in the same period of 2022[27]. - The company reported a net profit before tax of RMB 93,515,000 for the first half of 2023, compared to a loss of RMB 118,567,000 in the same period last year[27]. - The company's profit for the six months ended June 30, 2023, was RMB 68,844,000, compared to a loss of RMB 140,750,000 for the same period in 2022[42]. Assets and Liabilities - Total assets as of June 30, 2023, were RMB 4,174,551,000, compared to RMB 4,179,462,000 as of December 31, 2022[9]. - Current liabilities decreased to RMB 1,011,292,000 from RMB 1,089,954,000 at the end of the previous year[9]. - The net asset value increased to RMB 1,829,378,000 as of June 30, 2023, from RMB 1,747,247,000 at the end of 2022[9]. - Trade receivables and notes amounted to RMB 305,978,000 as of June 30, 2023, an increase from RMB 267,304,000 at the end of 2022[31]. - Contract assets decreased to RMB 248,146,000 from RMB 365,608,000 at the end of 2022, while contract liabilities increased to RMB 164,082,000 from RMB 128,220,000[31]. - The company's trade payables as of June 30, 2023, were RMB 447,458,000, a slight decrease from RMB 467,727,000 as of December 31, 2022[48]. - The company reported a decrease in the allowance for doubtful accounts to RMB 96,239,000 as of June 30, 2023, compared to RMB 94,951,000 as of December 31, 2022[45]. Cash Flow and Investments - Net cash generated from operating activities for the six months ended June 30, 2023, was RMB 177,996 thousand, compared to a net cash used of RMB (166,976) thousand in the same period of 2022[11]. - The company reported a net cash used in investing activities of RMB (28,788) thousand, compared to RMB (9,690) thousand in the previous year[11]. - The total cash inflow from the sale of property, plant, and equipment was RMB 141 thousand, an increase from RMB 84 thousand in the same period last year[11]. - The company received government grants totaling RMB 982 thousand, compared to RMB 156 thousand in the previous year[11]. - The net cash used in financing activities was RMB (41,402) thousand, a significant decrease from RMB 202,748 thousand in the same period of 2022[11]. - The company raised bank loans amounting to RMB 30,500 thousand during the period, while repaying RMB 67,450 thousand in bank loans[11]. Shareholder Information - Major shareholder Sanju Environmental Protection (Hong Kong) Co., Ltd. holds 641,566,556 shares, representing 32.38% of the issued share capital[92]. - Director Wang Lishan holds 396,911,278 shares (20.03%) and 2,300,000 share options (0.12%) as of June 30, 2023[90]. - Director Cao Yunsheng has 8,000,000 share options (0.40%) and 20,360,000 shares (1.03%) as of June 30, 2023[90]. - The total number of issued shares is 1,981,598,389 ordinary shares[103]. Corporate Governance and Compliance - The company has adopted the Corporate Governance Code to enhance transparency and protect shareholder rights[98]. - The Audit Committee reviewed the unaudited interim financial information for the six months ended June 30, 2023, and found it compliant with applicable accounting standards[101]. Future Plans and Strategies - The company plans to upgrade and update its construction site and facilities to improve efficiency and capacity for large module assembly and offshore wind equipment[76]. - The company will reorganize its market development team to focus on international markets and enhance its competitive capabilities[75]. - The capital management strategy aims to optimize the debt-to-equity ratio to maximize shareholder returns[70].
巨涛海洋石油服务(03303) - 2023 - 中期财报