COSL(SH:601808)2014-04-29 16:00Financial Performance - The net profit attributable to shareholders was RMB 1,410.0 million, reflecting a growth of 17.1% year-on-year [7]. - Operating revenue for the first quarter was RMB 6,749.3 million, representing an 18.0% increase from RMB 5,720.1 million in the same period last year [7]. - The basic earnings per share rose to RMB 0.30, an increase of 11.1% from RMB 0.27 [5]. - Operating profit for Q1 2014 was CNY 1.688 billion, representing a 21.1% increase from CNY 1.394 billion in Q1 2013 [43]. - Total operating revenue for Q1 2014 was CNY 6.749 billion, an increase of 17.9% compared to CNY 5.720 billion in Q1 2013 [43]. - Net profit attributable to shareholders of the parent company reached CNY 1.410 billion, up 17.1% from CNY 1.204 billion in the same period last year [43]. Cash Flow and Investments - The net cash flow from operating activities was RMB 1,123.7 million, a significant increase of 224.2% compared to RMB 346.6 million in the previous year [5]. - The net cash inflow from operating activities for the three months ended March 31, 2014, was RMB 1,123.7 million, representing a year-on-year increase of 224.2%, driven by increased revenue from expanded business operations and cash collection from matured notes [32]. - The net cash outflow from investing activities for the three months ended March 31, 2014, was RMB 4,639.7 million, compared to a cash inflow of RMB 919.1 million in the same period last year [33]. - The net cash inflow from financing activities for the three months ended March 31, 2014, was RMB 4,125.2 million, compared to a cash outflow of RMB 471.5 million in the same period last year, primarily due to the successful placement of H shares [34]. Assets and Liabilities - The total assets of CNOOC Services reached RMB 84,902.1 million, an increase of 7.1% compared to the end of the previous year [8]. - Total liabilities decreased by 1.0% to RMB 41,578.8 million compared to the beginning of the year [8]. - Total equity attributable to shareholders of the parent company increased to CNY 43.294 billion, up from CNY 37.239 billion at the end of 2013 [41]. - The balance of other current assets as of March 31, 2014, was RMB 4,850.6 million, an increase of RMB 2,487.2 million or 105.2% compared to the beginning of the year, attributed to new subscriptions of non-fixed income money market fund products and bank wealth management products [28]. Operational Metrics - The number of operating days for drilling services increased by 5.6% to 3,061 days compared to 2,898 days in the previous year [9]. - The operating days for the self-elevating drilling rigs were 2,187 days, a decrease of 149 days year-on-year, primarily due to multiple platforms reaching the end of their contracts [11]. - The total operating days for the fleet were 5,701 days, a decrease of 193 days year-on-year, mainly due to the scrapping of 5 vessels last year [11]. - The operating days for semi-submersible drilling rigs increased by 312 days year-on-year, primarily due to new vessels entering service [11]. Shareholder Information - The company reported a total of 98,164 shareholders at the end of the reporting period [6]. - The company's minority interests increased to RMB 29.2 million, up RMB 8.1 million or 38.4% from the beginning of the year, primarily due to the profits of PT.SAMUDAR TIMUR SANTOSA during the period [31]. Expenses and Income - The revenue from sales tax and additional charges increased by RMB 34.9 million, a growth of 31.1% year-on-year, due to the expansion of domestic revenue [13]. - Investment income rose to RMB 115.3 million, an increase of 66.9% year-on-year, attributed to better performance of joint ventures and increased returns from financial products [18]. - The sales expenses increased by RMB 1.5 million, a rise of 37.5% year-on-year, mainly due to increased transportation and packaging costs [15]. - The financial expenses decreased by RMB 43.9 million, a reduction of 37.9% year-on-year, primarily due to lower exchange losses and interest expenses [16]. - The asset impairment losses increased by RMB 0.4 million, a rise of 33.3% year-on-year, mainly due to increased inventory write-downs [17]. Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency [43]. - The company has not declared any cash dividends for the current period, maintaining a focus on reinvestment for growth [41].