PETROCHINA(00857)2023-04-21 09:05Financial Performance - In 2022, the company achieved operating revenue of RMB 3,239.167 billion, an increase of 23.9% compared to RMB 2,614.349 billion in the previous year[34] - The net profit attributable to shareholders of the parent company was RMB 149.38 billion, up from RMB 123.24 billion in the previous year[34] - The company's cash flow from operating activities amounted to RMB 393,768 million, which is a 15.3% increase from RMB 341,469 million in 2021[46] - The weighted average return on equity rose to 11.3%, up by 3.9 percentage points from 7.4% in 2021[46] - The total assets at the end of 2022 were RMB 2,673,751 million, representing a 6.8% increase from RMB 2,502,533 million at the end of 2021[46] - The net profit attributable to shareholders was RMB 149.38 billion, up 62.1% from RMB 92.17 billion year-on-year[118] - Operating profit for the year was RMB 216,660 million, up 34.4% from RMB 161,153 million year-on-year[135] - The total revenue for 2022 was RMB 3,174.71 billion, with a gross margin of 14.2%, reflecting a 24.4% increase in revenue year-over-year[163] Dividends and Shareholder Returns - The company plans to distribute a final dividend of RMB 0.22 per share, totaling approximately RMB 40.265 billion based on a total share capital of 183,020,977,818 shares[5] - The company's net profit attributable to shareholders was 51.8% of the net profit for the year, leading to a stable dividend distribution policy[193] Production and Sales - The company achieved a crude oil production of 906.2 million barrels in 2022, a 2.1% increase from the previous year[74] - The total sales volume of marketable natural gas reached 4,675.0 billion cubic feet, marking a 5.8% increase year-over-year[74] - The total sales volume of gasoline, coal, and diesel was 150,649 thousand tons, down 7.8% from 2021[81] - The average realized price of crude oil increased by 45.2% to RMB 4,645 per ton, despite a 20.7% decrease in sales volume[104] - Natural gas sales volume was 260.28 billion cubic meters, down 5.0% year-on-year, while domestic sales increased by 6.4%[109] Capital Expenditures and Investments - The capital expenditure for oil and gas and new energy in 2022 was RMB 221.59 billion, with a forecast of RMB 195.50 billion for 2023[155] - The capital expenditure for refining, chemicals, and new materials in 2022 was RMB 41.77 billion, with a projected expenditure of RMB 34.00 billion for 2023[155] - The natural gas sales segment's capital expenditure in 2022 was RMB 4.94 billion, focusing on pipeline construction and market expansion[158] - The forecast for capital expenditures in 2023 for oil and gas and new energy is RMB 195,500 million, representing 80.29% of total expected expenditures[181] Market Strategy and Future Outlook - The company aims to strengthen its core business and enhance management, innovation, and digital transformation to create value for shareholders[35] - The company anticipates a recovery in domestic refined oil market demand in 2023, despite ongoing competition[35] - The company plans to enhance its marketing strategies and expand its non-oil sales business to improve revenue generation and operational efficiency[87] - The company will continue to focus on high-quality development and innovation as part of its five development strategies[35] Risk Management and Sustainability - The company emphasizes the importance of risk prevention and management in its strategic planning for future growth[35] - The company is committed to green and low-carbon transformation, integrating oil, gas, and new energy development[34] Assets and Liabilities - Total liabilities amounted to RMB 1,135,632 million, growing by 3.9% from RMB 1,093,393 million at the end of 2021[143] - The company's equity attributable to shareholders increased by 8.4% to RMB 1,369,576 million from RMB 1,263,815 million in the previous year[188] - As of December 31, 2022, total assets increased by 6.8% to RMB 2,673,751 million compared to RMB 2,502,533 million in 2021[188] Employee and Exploration Expenses - Employee expenses totaled RMB 163,073 million, reflecting a 5.3% increase from RMB 154,835 million year-on-year[131] - Exploration expenses were RMB 27,074 million, an increase of 11.7% from RMB 24,248 million year-on-year, driven by rising oil and gas prices[131]