COSL(HK:02883)2025-04-23 08:36Financial Performance - Revenue for Q1 2025 reached RMB 10,797.5 million, a 6.4% increase compared to RMB 10,148.0 million in the same period last year[5] - Net profit attributable to shareholders was RMB 887.2 million, representing a 39.6% increase from RMB 635.5 million year-on-year[5] - Net profit excluding non-recurring gains and losses was RMB 960.2 million, up 46.4% from RMB 655.7 million in the previous year[5] - Basic and diluted earnings per share increased by 46.2% to RMB 0.19 from RMB 0.13 in the same period last year[5] - Total profit amounted to RMB 1,129.2 million, reflecting a year-on-year growth of 20.1%[15] - Net profit reached RMB 936.7 million, showing a significant year-on-year increase of 35.6%[15] - Operating profit for Q1 2025 was CNY 1,241,196,412, representing a 24.0% increase from CNY 1,001,144,665 in Q1 2024[24] - The total comprehensive income for Q1 2025 was CNY 927,917,809, compared to CNY 698,147,125 in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were RMB 83,377.9 million, a 0.5% increase from RMB 82,947.7 million at the end of the previous year[6] - The total assets as of March 31, 2025, were RMB 83,377.9 million, compared to RMB 82,947.7 million at the end of 2024[19] - The total liabilities decreased to RMB 38,006.9 million from RMB 38,523.1 million at the end of 2024[20] - The total equity attributable to shareholders of the parent company was CNY 44,706,914,140, an increase from CNY 43,797,161,954 year-over-year[21] Cash Flow - The net cash flow from operating activities was a negative RMB 2,288.2 million, compared to a negative RMB 835.0 million in the same period last year[5] - Cash flow from operating activities showed a net outflow of CNY -2,288,151,342, worsening from CNY -834,951,230 in Q1 2024[25] - Cash flow from investing activities generated a net inflow of CNY 4,348,899,049, compared to a net outflow of CNY -333,915,883 in Q1 2024[26] Operational Highlights - The number of drilling service operating days increased to 4,889, up 11.4% from the previous year[16] - The utilization rate of self-elevating drilling platforms improved to 91.9%, an increase of 7.6 percentage points year-on-year[16] - The ship service business recorded 20,621 operating days, a substantial increase of 44.9% compared to the previous year[17] - The company operated 12 LNG-powered guard vessels, which cumulatively worked 1,065 days, reducing carbon emissions by approximately 12,000 tons annually[17] Strategic Focus - The company focused on enhancing international operations and improving resource integration, which contributed to profit growth[8] - The company is focusing on the development of intelligent equipment and low-carbon technologies to enhance core competitiveness and stabilize operational performance[15] Government Support - The company received government subsidies amounting to RMB 8,874,300, which are closely related to its normal business operations[7] - The company received CNY 5,525,000,000 from investment recoveries, significantly higher than CNY 3,000,000,000 in Q1 2024[26]