COSL(HK:02883)2022-10-27 08:42Financial Performance - The company's operating revenue for Q3 2022 was RMB 9,033.1 million, representing a year-on-year increase of 26.4%[5] - Net profit attributable to shareholders for Q3 2022 was RMB 960.7 million, up 47.6% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was RMB 964.6 million, reflecting a 55.6% increase year-on-year[5] - The basic earnings per share for Q3 2022 was RMB 0.20, an increase of 42.9% compared to the same period last year[6] - For the first three quarters of 2022, the company achieved a revenue of RMB 24,245.7 million, representing a year-on-year increase of 21.9%[13] - The net profit for the same period was RMB 2,113.2 million, with a year-on-year growth of 44.5%[13] - The total profit for Q3 2022 was CNY 2,639.95 million, up from CNY 2,003.01 million in Q3 2021, marking a significant increase[24] - The company's total revenue for the first three quarters of 2022 reached RMB 24.25 billion, up 22.4% from RMB 19.88 billion in the same period of 2021[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 75,328.8 million, a 2.8% increase from the end of the previous year[6] - As of September 30, 2022, total assets amounted to RMB 75.33 billion, an increase from RMB 73.31 billion at the end of 2021, reflecting a growth of approximately 2.77%[21] - The company's total liabilities reached RMB 35.66 billion, slightly up from RMB 35.10 billion, indicating a marginal increase in financial obligations[22] - The equity attributable to shareholders increased to RMB 39.09 billion from RMB 38.03 billion, reflecting a growth of approximately 2.8%[22] - Accounts receivable increased significantly to RMB 17.56 billion, up 67.0% from RMB 10.51 billion at the end of 2021[21] - Short-term borrowings rose sharply to RMB 6.03 billion, compared to RMB 2.23 billion at the end of 2021, indicating a significant increase in leverage[21] Operational Metrics - The number of drilling days increased to 12,326, a rise of 22.2% compared to the previous year[17] - The utilization rate for self-elevating drilling platforms reached 89.8%, up by 17.0 percentage points year-on-year[14] - The company's vessel service operations totaled 39,963 days, reflecting an 8.1% increase year-on-year[15] - The two-dimensional survey mileage was 2,353 kilometers, showing a year-on-year increase of 9.1%[16] - The three-dimensional survey area decreased to 11,351 square kilometers, a decline of 28.0% year-on-year[16] - The company reported a significant increase in seabed node collection operations, with a total of 648 square kilometers completed, up 43.0% year-on-year[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was RMB -470.8 million, compared to RMB -797.5 million in the same period last year[6] - The net cash flow from operating activities for Q3 2022 was -470,801,409 RMB, a decrease from 67,489,506 RMB in Q3 2021[51] - Total cash inflow from operating activities was 19,844,168,372 RMB, compared to 17,566,957,706 RMB in the same period last year, representing an increase of approximately 13%[51] - Cash outflow for purchasing goods and services was 14,273,018,367 RMB, up from 12,398,311,072 RMB, indicating a rise of about 15%[51] - The net cash flow from investment activities was 4,120,647,423 RMB, significantly higher than 646,726,365 RMB in Q3 2021[51] - Cash inflow from financing activities was 5,364,161,900 RMB, with no inflow recorded in the same period last year[51] Shareholder Information - The company reported a total of 49,121 ordinary shareholders at the end of the reporting period[9] - The largest shareholder, China National Offshore Oil Corporation, holds 50.53% of the shares[9] Research and Development - The company is focusing on enhancing its R&D capabilities and transforming high technology into high value[17] - Research and development expenses for Q3 2022 were CNY 629.25 million, slightly down from CNY 648.84 million in Q3 2021[24] - The company is focusing on technological innovation and global market expansion to enhance operational efficiency and safety[39]