Financial Performance - For the third quarter ending September 30, 2024, the company's operating revenue was CNY 5,492,927,694.45, representing a 10.76% increase compared to CNY 4,959,218,430.74 in the same period last year[3]. - The net profit attributable to shareholders of the listed company was CNY 808,460,815.54, a decrease of 10.93% from CNY 907,629,044.17 year-on-year[3]. - The basic earnings per share for the quarter was CNY 0.1695, down 10.93% from CNY 0.1903 in the previous year[3]. - For the year-to-date period, the total operating revenue reached CNY 17,143,704,565.04, an increase of 3.68% from CNY 16,534,602,106.32 in the same period last year[4]. - The net profit attributable to shareholders for the year-to-date period was CNY 3,415,078,828.91, reflecting an 8.05% decrease from CNY 3,713,864,739.82 year-on-year[4]. - The weighted average return on net assets for the quarter was 2.2015%, a decrease of 0.43 percentage points compared to 2.6318% in the same period last year[3]. - The total comprehensive income attributable to the parent company for the period from January to September is approximately CNY 3.21 billion, a decrease from CNY 3.96 billion in the same period last year, representing a decline of about 18.8%[16]. - Basic earnings per share for the period is CNY 0.7158, a decrease from CNY 0.7785 in the same period last year, representing a decline of approximately 8.5%[16]. Assets and Liabilities - The total assets as of the end of the reporting period were CNY 75,187,427,894.07, a 4.31% increase from CNY 72,083,612,271.55 at the end of the previous year[4]. - The total equity attributable to shareholders of the listed company was CNY 35,977,100,890.07, an increase of 4.61% from CNY 34,391,504,390.45 at the end of the previous year[4]. - The total liabilities of the company were RMB 36,367,355,176.63, compared to RMB 34,980,288,739.23, indicating an increase of approximately 3.96%[14]. - Current assets totaled RMB 8,777,961,360.73, down from RMB 9,469,189,919.78, representing a decline of approximately 7.31%[14]. - Long-term equity investments increased to RMB 12,307,072,264.82 from RMB 10,081,911,917.05, marking a growth of about 21.93%[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 5,762,047,703.06, down 11.83% from CNY 6,535,299,505.96 in the previous year[4]. - The net cash flow generated from operating activities for the period is CNY 5.76 billion, down from CNY 6.54 billion year-on-year, indicating a decrease of approximately 11.8%[17]. - The cash inflow from operating activities totaled CNY 18.09 billion, compared to CNY 17.28 billion in the previous year, reflecting an increase of about 4.7%[17]. - The net cash flow from investing activities is negative at CNY -5.08 billion, compared to a negative CNY -0.99 billion in the same period last year, indicating a significant increase in cash outflow[18]. - The net cash flow from financing activities is negative at CNY -1.99 billion, compared to a negative CNY -3.96 billion in the same period last year, showing an improvement in cash flow[18]. - The company's cash and cash equivalents stood at RMB 90,286,942.00, a significant increase from RMB 37,701,502.03, reflecting a growth of about 139.73%[14]. - The total cash and cash equivalents at the end of the period amount to CNY 4.32 billion, down from CNY 5.93 billion at the end of the previous year, indicating a decrease of about 27.5%[18]. Operational Metrics - For the first three quarters of 2024, the average daily earnings for VLCC on the Middle East to China route (TD3C) were approximately $36,846, an increase of about 4.2% year-on-year[11]. - The average daily earnings for LR2 on the Middle East to Japan route (TC1) were approximately $47,115, reflecting a significant increase of 44.9% year-on-year[11]. - The group achieved an operating revenue of RMB 15.5 billion in the oil tanker segment for the first three quarters of 2024, a year-on-year increase of 2.4%[12]. - The total oil transportation capacity for the group was 589,984 million tons per day, up 7.8% year-on-year[12]. - The group reported a gross profit margin of 27.6% for the oil tanker segment, a decrease of 2.8 percentage points year-on-year[12]. - The LNG transportation business contributed a net profit of RMB 680 million, representing a year-on-year increase of 10.5%[12]. - The transportation volume (excluding time charter) was 12,617 million tons, a decrease of 2.2% year-on-year[12]. - The transportation turnover (excluding time charter) was 4,325 billion ton-miles, an increase of 11.3% year-on-year[12]. Expenses - Total operating costs amounted to RMB 13,777,350,397.15, up from RMB 12,962,397,183.75, indicating an increase of about 6.27%[15]. - Research and development expenses for the period were RMB 11,923,109.92, down from RMB 16,711,414.30, indicating a decrease of approximately 28.55%[15]. - The company reported a decrease in interest expenses to RMB 1,028,130,807.34 from RMB 1,068,443,859.90, reflecting a reduction of about 3.77%[15]. - The company paid CNY 8.50 billion for purchases of goods and services, which is an increase from CNY 7.28 billion year-on-year, indicating a rise of about 16.7%[17].
中远海能(01138) - 2024 Q3 - 季度业绩