PETROCHINA(00857)2022-10-27 08:33Financial Performance - Operating revenue for Q3 2022 reached RMB 840.78 billion, a 23.0% increase compared to RMB 683.76 billion in Q3 2021[3] - Net profit attributable to shareholders for Q3 2022 was RMB 37.88 billion, representing a 71.5% increase from RMB 22.09 billion in Q3 2021[3] - Basic earnings per share for Q3 2022 were RMB 0.21, a 71.5% increase from RMB 0.12 in Q3 2021[4] - The net profit for the nine-month period ended September 30, 2022, was RMB 120.27 billion, a 60.1% increase from RMB 75.13 billion in the same period of the previous year[3] - Operating revenue for the oil and gas segment was RMB 688.759 billion, a 41.3% increase year-on-year[12] - Operating revenue for the refining and chemical segment was RMB 879.521 billion, a 24.6% increase year-on-year[15] - Operating revenue for the nine months ended September 30, 2022, was RMB 2,455,401 million, a 30.5% increase from RMB 1,880,341 million in the same period of 2021[26] - Net profit for the nine months ended September 30, 2022, reached RMB 133,630 million, up 43.6% from RMB 93,055 million in the previous year[26] Cash Flow and Assets - Net cash flow from operating activities for the year-to-date period was RMB 313.55 billion, an increase of 38.3% from RMB 226.75 billion in the previous year[6] - Total assets as of the end of the reporting period were RMB 2,793.58 billion, an 11.6% increase from RMB 2,502.53 billion at the end of the previous year[6] - The company's total liabilities increased to RMB 782,691 million as of September 30, 2022, compared to RMB 672,809 million at the end of 2021, marking a growth of approximately 16.3%[24] - The ending balance of cash and cash equivalents as of September 30, 2022, was RMB 235,264 million, compared to RMB 172,580 million at the end of September 2021, reflecting a growth of about 36.3%[29] - Cash inflow from operating activities for the nine months ended September 30, 2022, was RMB 1,426,190 million, an increase from RMB 1,280,514 million in 2021, representing a growth of approximately 11.4%[30] Production and Sales - Domestic crude oil production reached 576.9 million barrels, an increase of 2.7% year-on-year[12] - Total natural gas sales volume was 3,444.8 billion cubic feet, up 5.0% compared to the same period last year[14] - Overall crude oil production was 677.0 million barrels, reflecting a year-on-year growth of 2.2%[14] - The average realized price of crude oil for the first three quarters of 2022 was $95.19 per barrel, an increase of 51.9% year-on-year[11] - The average realized price of domestic natural gas was $7.78 per thousand cubic feet, reflecting a year-on-year increase of 31.2%[11] Shareholder Information - As of the reporting period, the total number of shareholders is 565,335, with 559,483 being A-share shareholders[9] - The total equity attributable to shareholders rose to RMB 1,342,959 million, up from RMB 1,263,561 million, representing a growth of 6.3%[34] Research and Development - Research and development expenses for the three months ending September 30, 2022, were RMB 4,816 million, up from RMB 3,706 million in the same period of 2021, indicating a growth of 29.9%[25] Market Conditions and Strategy - The company has effectively ensured stable supply of oil and gas resources while benefiting from rising international oil prices[11] - The company aims to enhance the integration of oil and new energy, focusing on wind, solar, and carbon capture technologies[12] - The company is committed to high-quality development and has implemented measures to enhance exploration and production efficiency[11]