COSL(HK:02883)2022-04-28 09:14Financial Performance - The company's operating revenue for Q1 2022 was RMB 6,798.3 million, representing a year-on-year increase of 15.2%[5] - Net profit attributable to shareholders was RMB 303.8 million, up 67.7% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 266.7 million, reflecting a 76.5% increase year-on-year[5] - The basic and diluted earnings per share were both RMB 0.06, marking a 50.0% increase from the previous year[5] - The total profit for the same period was RMB 441.7 million, with a year-on-year growth of 42.5%[13] - Net profit reached RMB 306.1 million, marking a significant year-on-year increase of 66.2%[13] - The basic earnings per share for Q1 2022 was 0.0637 RMB, compared to 0.0380 RMB in Q1 2021, reflecting a growth of 67.1%[25] - Total comprehensive income reached CNY 318,476,113, an increase from CNY 194,453,720 year-over-year[52] Assets and Liabilities - Total assets at the end of the reporting period were RMB 73,466.4 million, a slight increase of 0.2% from the end of the previous year[6] - The total assets as of March 31, 2022, were CNY 73,466,449,744, slightly up from CNY 73,311,707,720 at the end of 2021[49] - The total liabilities decreased to 34,931,643,834 RMB from 35,095,377,923 RMB at the end of 2021, reflecting a reduction of 0.5%[23] - The total liabilities decreased to CNY 34,931,643,834 as of March 31, 2022, from CNY 35,095,377,923 at the end of 2021[50] Cash Flow - The net cash flow from operating activities was a negative RMB 2,224.2 million, compared to a negative RMB 1,025.1 million in the same period last year[8] - Cash and cash equivalents at the end of Q1 2022 were RMB 3,900.3 million, a decrease from RMB 6,583.2 million at the end of the previous year[27] - The company reported a net cash outflow from financing activities of RMB 265.9 million in Q1 2022, compared to RMB 234.5 million in the same period last year[27] - The net increase in cash and cash equivalents was CNY -1,106,137,502, a significant decline from CNY -538,739[54] - The ending balance of cash and cash equivalents was CNY 3,900,251,337, down from CNY 6,583,203,555 year-over-year[54] Operational Metrics - The number of operating days for drilling platforms was 3,922, an increase of 19.2% year-on-year[17] - The utilization rate for self-elevating drilling platforms improved to 89.4%, up 19.2 percentage points year-on-year[14] - The company operated 12,768 days in its marine services segment, reflecting a year-on-year increase of 9.3%[18] - The calendar day utilization rate for marine services rose to 91.8%, an increase of 2.0 percentage points year-on-year[18] - The number of operating days for semi-submersible drilling platforms was 683 days, showing a year-on-year decrease of 5.5%[41] - The calendar day utilization rate for drilling platforms increased to 75.9%, up 10.1 percentage points year-on-year[41] Research and Development - Research and development expenses for Q1 2022 were 190,687,026 RMB, a slight increase from 180,567,925 RMB in Q1 2021[24] - The company has increased its research and development expenses to CNY 190,687,026 in Q1 2022, compared to CNY 180,567,925 in Q1 2021, reflecting a focus on innovation[51] Strategic Focus - The company plans to enhance its exploration service value and technology product development while expanding its overseas market presence[19] - The company is focusing on key technology breakthroughs and the large-scale application of self-developed products to optimize service quality[18] - The company aims to expand its integrated service market and enhance customer value creation[40] - The company emphasized its focus on enhancing cost leadership and improving service quality to drive customer value creation, contributing to the increase in revenue and profit[35] - The company is focusing on cost reduction mechanisms and advancing key technology breakthroughs to enhance competitive advantages[40] Shareholder Information - Shareholders' equity attributable to the parent company was RMB 38,349.8 million, up 0.8% from the previous year[6] - The largest shareholder, China National Offshore Oil Corporation, holds 50.53% of the shares[10]