PETROCHINA(00857)2022-04-29 08:32Financial Performance - Operating revenue for the period was RMB 779,368 million, representing a 41.2% increase year-on-year[3] - Net profit attributable to shareholders of the parent company was RMB 39,060 million, up 40.9% from the previous year[3] - Basic and diluted earnings per share were both RMB 0.21, reflecting a 40.9% increase compared to RMB 0.15 in the previous year[3] - The return on equity (ROE) increased to 3.0%, up 0.8 percentage points from the previous year[3] - The company reported a gross profit margin of approximately 20.0% for Q1 2022, compared to 22.9% in Q1 2021[19] - The company reported a net profit of RMB 43,636 million for the three months ended March 31, 2022, compared to RMB 31,645 million in the same period of 2021, representing a growth of 38.0%[21] - Total revenue for Q1 2022 reached RMB 779,368 million, a 41.2% increase from RMB 551,923 million in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 2,610,802 million, an increase of 4.3% compared to the previous year[3] - Total liabilities as of March 31, 2022, were RMB 1,158,502 million, an increase from RMB 1,093,409 million at the end of 2021, representing a growth of 5.9%[18] - Current assets increased to RMB 602,459 million from RMB 480,838 million, marking a rise of 25.3%[17] - The company’s total liabilities increased to RMB 603,570 million as of March 31, 2022, from RMB 518,158 million at the end of the previous year[23] Cash Flow - The net cash flow from operating activities was RMB 84,425 million, a significant improvement from a cash outflow of RMB 1,800 million in the same period last year[3] - Operating cash flow for the three months ended March 31, 2022, was RMB 91,742 million, a significant increase from RMB 1,276 million in the same period of 2021[24] - Cash and cash equivalents at the end of the period were RMB 170,528 million, an increase from RMB 111,798 million at the end of the same period in 2021[20] Production and Sales - The total oil and gas equivalent production for the first quarter of 2022 was 430.9 million barrels, a year-on-year increase of 3.3%[9] - Domestic oil and gas equivalent production was 389.8 million barrels, reflecting a year-on-year growth of 4.5%[9] - Oil production reached 224.9 million barrels, a year-on-year increase of 1.6%[10] - Domestic oil production was 192.6 million barrels, up 3.7% from the previous year[10] - Natural gas sales in China increased by 10.9% to 60.615 billion cubic meters[14] Capital Expenditures - The company incurred capital expenditures of RMB 51,812 million, up from RMB 36,967 million in the same period of 2021[25] Market and Strategic Focus - The company plans to continue focusing on market expansion and new technology development to drive future growth[2] - The company continues to enhance its green low-carbon transformation and strengthen ESG management[9]