Financial Performance - Revenue decreased by 42.88% year-on-year to RMB 1,166,518,000[4] - Gross profit decreased by 94.05% year-on-year to RMB 15,673,000[4] - The loss attributable to owners for the six months ended June 30, 2022, was RMB 140,750,000, compared to a profit of RMB 98,301,000 for the same period in 2021[4] - Basic loss per share for the six months ended June 30, 2022, was RMB 8.371[4] - The company reported a total comprehensive loss of RMB 127,771,000 for the period[7] - Total comprehensive income for the six months ended June 30, 2022, was RMB (140,750) thousand, compared to RMB (127,771) thousand for the same period in 2021[16] - The company reported a total comprehensive loss before tax of RMB 118,567 thousand for the six months ended June 30, 2022, compared to a profit of RMB 124,649 thousand for the same period in 2021[35] - The company reported a loss attributable to owners of approximately RMB 140,750,000, a decrease of about 243% compared to the profit in the same period last year[88] Assets and Liabilities - Total assets less current liabilities as of June 30, 2022, amounted to RMB 2,185,730,000[10] - Net current assets as of June 30, 2022, were RMB 552,945,000[10] - Non-current assets as of June 30, 2022, totaled RMB 1,632,785,000[8] - Total equity as of June 30, 2022, was RMB 1,676,326,000[10] - The company reported a total equity of RMB 1,676,326 thousand as of June 30, 2022, compared to RMB 1,896,255 thousand as of December 31, 2021[16] - The company’s total liabilities as of June 30, 2022, were RMB 634,351 thousand, compared to RMB 1,896,255 thousand as of December 31, 2021[16] Cash Flow - Cash used in operating activities for the six months ended June 30, 2022, was RMB (166,976) thousand, a decrease from RMB 363,012 thousand in the same period of 2021[16] - Net cash generated from financing activities for the six months ended June 30, 2022, was RMB 202,748 thousand, compared to RMB (204,210) thousand in the same period of 2021[16] - The cash and cash equivalents at the end of the period were RMB 705,024 thousand, down from RMB 1,344,933 thousand at the end of June 30, 2021[16] - The company reported a net cash outflow from operating activities of approximately RMB 166,976,000 for the period[89] Segment Performance - Revenue from external customers for the Oil and Gas segment was RMB 1,033,918 thousand, while the New Energy and Refining segment generated RMB 123,540 thousand, totaling RMB 1,166,518 thousand for the six months ended June 30, 2022[33] - The Oil and Gas segment reported a profit of RMB 139,919 thousand, whereas the New Energy and Refining segment incurred a loss of RMB 124,212 thousand, resulting in a total segment profit of RMB 15,673 thousand[33] Operational Challenges - The company faced significant losses from the Zhuhai site due to project delays and cost overruns, impacting performance in 2021 and the first half of 2022[75] - The company reported a substantial decrease in workload in the first half of 2022 compared to the same period last year, with insufficient new orders impacting future operations[76] - The company is actively negotiating with clients to push forward project progress affected by external uncertainties, including geopolitical tensions[72] Corporate Governance - The audit committee has reviewed the unaudited interim financial information for the six months ending June 30, 2022, and found it compliant with applicable accounting standards[164] - The company has adopted the Corporate Governance Code to enhance transparency and protect shareholder rights[160] - The company has established an audit committee consisting of three independent non-executive directors and one non-executive director[164] - The company is committed to maintaining high standards of corporate governance and compliance with listing rules[160] Shareholder Information - As of June 30, 2022, the major shareholder Wang Lishan holds 396,911,278 shares, representing 23.61% of the total shares[145] - The beneficial owner of the company, Sanju Environmental Protection (Hong Kong) Limited, holds 641,566,556 shares, accounting for 38.16% of the total shares[147] - Major shareholders include Beijing Sanju Environmental Protection New Materials Co., Ltd. with 641,566,556 shares (38.16%) and Xiangxing Investment Co., Ltd. with 396,911,278 shares (23.61%) [151] Future Outlook - The company plans to focus on market development, particularly in North America and Europe, due to strong investment momentum in oil and gas development projects[105] - The company aims to actively expand its offshore wind power construction strategy[106] - Future guidance indicates a projected revenue growth of approximately 10% year-over-year for the next fiscal period[138]
巨涛海洋石油服务(03303) - 2022 - 中期财报