2025-10-30 14:25Financial Performance - For the three months ended September 30, 2025, the operating revenue was RMB 719,157 million, an increase of 2.3% compared to RMB 702,721 million in the same period of 2024[4] - The net profit attributable to shareholders for the same period was RMB 42,287 million, a decrease of 3.9% from RMB 43,982 million in the previous year[4] - The basic earnings per share for the three months ended September 30, 2025, was RMB 0.23, down 3.9% from RMB 0.24 in the same period of 2024[4] - For the nine months ended September 30, 2025, the operating revenue was RMB 2,169,256 million, a decrease of 3.9% compared to RMB 2,257,694 million in the same period of 2024[4] - The net profit attributable to shareholders for the nine months ended September 30, 2025, was RMB 126,294 million, down 4.9% from RMB 132,788 million in the previous year[4] - The company achieved operating revenue of RMB 2,169.256 billion and a net profit attributable to shareholders of RMB 126.294 billion, a decline of 4.9% from RMB 132.788 billion year-on-year[15] - Net profit for the three months ended September 30, 2025, was RMB 46,448 million, a decrease of 4.7% compared to RMB 48,710 million for the same period in 2024[35] - Total revenue for the nine months ended September 30, 2025, was RMB 1,288,840 million, a decrease of 5.3% compared to RMB 1,361,891 million in the same period of 2024[39] - Net profit for the nine months ended September 30, 2025, was RMB 109,738 million, down 3.7% from RMB 113,799 million in 2024[39] Cash Flow and Investments - The net cash flow from operating activities for the nine months ended September 30, 2025, was RMB 343,100 million, an increase of 3.3% from RMB 332,159 million in the same period of 2024[4] - Cash and cash equivalents increased to RMB 107,498 million as of September 30, 2025, compared to RMB 25,199 million at the end of 2024, reflecting a substantial increase of 326.5%[30] - Cash inflow from operating activities for the nine months ended September 30, 2025, was RMB 2,380,592 million, down 2.2% from RMB 2,435,023 million in 2024[40] - The company reported a net increase in cash and cash equivalents of RMB 47,708 million for the nine months ended September 30, 2025, compared to a net decrease of RMB 43,583 million in 2024[40] - The company reported a net cash outflow from investing activities of RMB 186,599 million for the nine months ended September 30, 2025, compared to RMB 197,172 million in 2024, showing an improvement of about 5.4%[48] - The financing activities resulted in a net cash outflow of RMB 110,511 million for the nine months ended September 30, 2025, compared to RMB 177,619 million in 2024, indicating a decrease of approximately 37.8%[48] Production and Sales - Crude oil production reached 714.3 million barrels, a 0.8% increase from 708.3 million barrels in the same period last year[16] - The company’s natural gas production was 3,977.2 billion cubic feet, up 4.6% from 3,803.8 billion cubic feet year-on-year[16] - The company’s oil and gas equivalent production was 1,377.2 million barrels, an increase of 2.6% from 1,342.3 million barrels in the same period last year[16] - Total sales of gasoline, kerosene, and diesel reached 12,087.6 million tons, a 0.8% increase from 11,988.6 million tons in the previous year[23] - Natural gas sales amounted to 2,185.41 billion cubic meters, a 4.2% increase compared to 2,098.20 billion cubic meters in 2024[24] - The refining and chemical segment processed 1,040.6 million barrels of crude oil, up 0.4% from 1,036.2 million barrels in 2024[19] - Chemical product sales volume increased to 29.59 million tons, a 3.3% rise year-on-year, with synthetic fiber raw materials and polymers growing by 14.0%[19] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 2,849,723 million, reflecting a growth of 3.5% from RMB 2,752,751 million at the end of the previous year[4] - The company’s total liabilities increased to RMB 1,093,754 million from RMB 1,043,144 million in the previous year[28] - The total equity attributable to shareholders rose to RMB 1,379,801 million as of September 30, 2025, compared to RMB 1,353,887 million at the end of 2024, indicating a growth of approximately 1.9%[32] - The company's total equity as of September 30, 2025, was RMB 1,755,985 million, up from RMB 1,709,623 million at the end of 2024[46] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were RMB 14,375 million, an increase of 3.5% from RMB 13,887 million in 2024[37] - Research and development expenses for the nine months ended September 30, 2025, were RMB 11,650 million, an increase of 9.1% from RMB 10,679 million in 2024[39] Shareholder Information - The total number of common shareholders at the end of the reporting period is 503,862, with 498,807 domestic A-share shareholders and 5,055 overseas H-share shareholders[11] - The top ten shareholders hold a combined 82.46% of shares, with China National Petroleum Corporation holding 150,923,565,570 shares, representing 82.46%[11]