Financial Performance - Operating revenue for Q3 2024 was RMB 18,063,296 thousand, a decrease of 3.5% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was RMB 224,419 thousand, an increase of 90.7% year-on-year[2]. - Basic earnings per share for Q3 2024 was RMB 0.012, reflecting a 100% increase compared to the previous year[3]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, for Q3 2024 was RMB 166,807 thousand, up 119.2% year-on-year[2]. - The net profit attributable to shareholders for the first three quarters of 2024 was RMB 680 million, a year-on-year increase of 52.4%[13]. - Net profit for the first three quarters of 2024 was 676,226 thousand RMB, an increase of 52.5% compared to 443,605 thousand RMB in the same period of 2023[18]. - The company reported a total comprehensive income of 624,206 thousand RMB for the current period, compared to 443,605 thousand RMB in the previous year, an increase of 40.7%[18]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was RMB -1,634,587 thousand, a decline of 232.4%[3]. - Cash inflow from operating activities totaled $57,652,629, an increase of 16.5% compared to $49,572,046 in the previous period[19]. - Cash outflow from operating activities was $59,287,216, up from $48,337,445, resulting in a net cash flow from operating activities of -$1,634,587, compared to $1,234,601 previously[19]. - Cash inflow from investing activities amounted to $26,969, while cash outflow was $1,697,028, leading to a net cash flow from investing activities of -$1,670,059, an improvement from -$2,563,462[19]. - Cash inflow from financing activities reached $23,754,050, an increase of 22.5% from $19,446,360, with cash outflow totaling $19,532,232, compared to $17,956,152[19]. - The net cash flow from financing activities was $4,221,818, significantly higher than $1,490,208 in the previous period[19]. - The net increase in cash and cash equivalents was $830,168, compared to $212,784 previously[20]. - The ending balance of cash and cash equivalents was $3,618,965, up from $2,013,934 at the end of the previous period[20]. Assets and Liabilities - Total assets as of the end of the reporting period were RMB 75,725,342 thousand, a slight increase of 0.7% from the end of the previous year[3]. - Total liabilities amounted to 66,702,452 thousand RMB, a decrease from 67,139,772 thousand RMB, reflecting a reduction of 0.65%[16]. - The company's equity attributable to shareholders was 9,022,890 thousand RMB, compared to 8,023,202 thousand RMB, representing an increase of 12.5%[16]. - The company's cash and cash equivalents as of September 30, 2024, were RMB 3.65 billion, compared to RMB 2.82 billion at the end of 2023[14]. - The company's inventory increased to RMB 3.03 billion as of September 30, 2024, from RMB 1.20 billion at the end of 2023[14]. - The company's contract assets rose to RMB 20.81 billion as of September 30, 2024, compared to RMB 16.20 billion at the end of 2023[14]. - The company experienced a decrease in long-term equity investments to RMB 484.87 million as of September 30, 2024, from RMB 553.50 million at the end of 2023[14]. - The company reported a decrease in fixed assets to RMB 23.02 billion as of September 30, 2024, from RMB 24.87 billion at the end of 2023[14]. Shareholder Information - The company reported a total of 104,797 common shareholders at the end of the reporting period[7]. - The largest shareholder, China Petroleum & Chemical Corporation, held 56.52% of the shares[7]. - The company repurchased a total of 4,928,000 H shares from August 21 to September 12, 2024, accounting for 0.03% of the total issued shares[13]. - The total number of issued shares after the cancellation of repurchased shares decreased from 18,984,340,033 to 18,979,412,033 shares[13]. Contract and Revenue - In the first three quarters of 2024, the company signed new contracts totaling RMB 75.07 billion, a year-on-year increase of 6.2%[12]. - The company's consolidated operating revenue for the first three quarters of 2024 was RMB 54.88 billion, a year-on-year decrease of 1.7%[13]. - Total operating revenue for the first three quarters of 2024 was 54,884,740 thousand RMB, a decrease of 1.72% compared to 55,842,976 thousand RMB in the same period of 2023[17]. - Total operating costs for the first three quarters of 2024 were 54,212,307 thousand RMB, down from 55,370,913 thousand RMB, reflecting a reduction of 2.10%[17]. Research and Development - Research and development expenses for the first three quarters of 2024 were 1,327,134 thousand RMB, up from 1,121,565 thousand RMB, indicating a growth of 18.4%[17]. Return on Equity - The return on equity for Q3 2024 was 2.54%, an increase of 1.09 percentage points year-on-year[3]. - Basic earnings per share for the first three quarters of 2024 were 0.036 RMB, up from 0.023 RMB, marking an increase of 56.5%[18].
中石化油服(01033) - 2024 Q3 - 季度业绩