Financial Performance - The company's operating revenue for the third quarter of 2022 was CNY 11,878,206, a decrease of 51.96% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was a loss of CNY 1,566,776, representing a decline of 317.35% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1,529,123, down 313.63% from the previous year[4]. - The total comprehensive income for the first three quarters of 2022 was a loss of RMB 1,777,831, compared to a gain of RMB 2,048,850 in the same period of 2021[13]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was a loss of RMB 2,002,785, compared to a profit of RMB 1,965,050 in the same period of 2021[13]. - The company reported a basic earnings per share of -0.185 for the first three quarters of 2022, compared to 0.182 in the same period of 2021[13]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 1,670,792, a decrease of 18.34% compared to the same period last year[4]. - Cash flow from operating activities for the first three quarters of 2022 showed a net outflow of RMB 4,734,330, compared to a smaller outflow of RMB 343,611 in the same period of 2021[14]. - The cash inflow from investment activities for the first three quarters of 2022 was RMB 3,790,376, a significant improvement compared to an outflow of RMB 3,877,409 in the same period of 2021[14]. - The net cash flow from financing activities for the first three quarters of 2022 was RMB 1,309 million, significantly up from RMB 534 million in the same period of 2021, indicating improved cash management[15]. - The company reported a cash and cash equivalents balance of RMB 5,495 million at the end of Q3 2022, an increase from RMB 3,228 million at the end of Q3 2021, reflecting a positive liquidity position[15]. - Cash inflows from financing activities totaled RMB 21,485 million in the first three quarters of 2022, compared to RMB 18,663 million in the same period of 2021, showing a growth of 15.5%[15]. - Cash outflows from financing activities increased to RMB 20,176 million in the first three quarters of 2022, up from RMB 18,129 million in the same period of 2021, representing an increase of 11.3%[15]. - The impact of exchange rate changes on cash and cash equivalents was RMB 18 million in Q3 2022, a positive shift from a negative impact of RMB 2 million in Q3 2021[15]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 44,689,289, a decrease of 4.99% compared to the end of the previous year[4]. - The total liabilities as of September 30, 2022, amounted to RMB 17,301,164, an increase of 3.9% from RMB 16,643,191 as of December 31, 2021[11]. - The company's total equity attributable to shareholders decreased to RMB 27,259,789 as of September 30, 2022, from RMB 30,260,172 as of December 31, 2021[11]. - The company's current assets as of September 30, 2022, totaled 20,384,304,000 RMB, a decrease from 20,932,276,000 RMB at the end of 2021[10]. - Non-current assets totaled 24,304,985,000 RMB as of September 30, 2022, down from 26,106,346,000 RMB at the end of 2021[10]. - Cash and cash equivalents decreased to 9,087,458,000 RMB from 12,498,617,000 RMB year-over-year[10]. - Inventory increased significantly to 7,466,394,000 RMB from 5,923,525,000 RMB year-over-year[10]. - The company's short-term borrowings increased to RMB 2,060,000 as of September 30, 2022, from RMB 1,540,000 as of December 31, 2021[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 102,846[7]. - The largest shareholder, China Petroleum & Chemical Corporation, holds 5,459,455,000 shares, representing 50.44% of total shares[7]. - The second largest shareholder, Hong Kong Central Clearing Limited, holds 3,452,738,030 shares, accounting for 31.90%[7]. - The company has no pledged, marked, or frozen shares among its top shareholders[8]. Operational Challenges and Recovery - The company experienced a significant decline in sales revenue due to an explosion at its 1 ethylene glycol unit on June 18, 2022[6]. - The average price increase of petrochemical products and crude oil was not sufficient to offset the operational losses caused by the incident[6]. - The company reported a total of CNY 37,653 in non-recurring losses for the quarter, with significant impacts from various operational disruptions[5]. - The company successfully resumed production after a major incident on June 18, 2022, completing recovery work by September 30, 2022[9]. - The company has initiated a phased recovery plan for production following the incident, successfully restoring operations across multiple stages[9]. Research and Development - Research and development expenses for the first three quarters of 2022 were RMB 82,916, up from RMB 75,153 in the same period of 2021, indicating a focus on innovation[12].
上海石油化工股份(00338) - 2022 Q3 - 季度财报