2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached CNY 4,959,218,430.74, a year-on-year increase of 1.52% compared to CNY 4,884,790,280.95 in the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was CNY 907,629,044.17, representing an increase of 88.69% compared to CNY 481,049,794.56 in the previous year[4]. - The basic earnings per share for Q3 2023 was CNY 0.1903, an increase of 88.75% from CNY 0.1008 in the same period last year[5]. - The net profit attributable to shareholders for the year-to-date period was CNY 3,713,864,739.82, which is an increase of 480.49% compared to the previous year[9]. - The diluted earnings per share for the year-to-date period was CNY 0.4798, an increase of 479.80% compared to CNY 0.1341 in the previous year[5]. - The company reported a total comprehensive income of ¥4,354,481,143.65 for the first three quarters of 2023, up from ¥2,234,272,623.92 in 2022, indicating an increase of 95.0%[19]. - Earnings per share for the first three quarters of 2023 were ¥0.7785, compared to ¥0.1341 in the same period of 2022, reflecting a significant increase[19]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period reached CNY 6,535,299,505.96, a significant increase of 252.50% compared to CNY 1,853,988,307.69 in the previous year[4]. - In the first three quarters of 2023, the company generated cash inflows from operating activities amounting to CNY 17,275,866,857.88, a significant increase of 48.5% compared to CNY 11,621,580,405.06 in the same period of 2022[21]. - The company reported cash inflows from investment activities totaling CNY 1,615,780,096.81, compared to CNY 654,114,038.87 in the same period last year, marking an increase of 146.1%[22]. - The net cash flow from investment activities was -CNY 986,377,253.89, an improvement from -CNY 1,851,088,892.82 in the previous year[22]. - Cash inflows from financing activities were CNY 7,257,642,574.92, down 40.5% from CNY 12,131,663,587.10 in the same period of 2022[22]. - The net cash flow from financing activities was -CNY 3,958,686,367.18, compared to a positive net cash flow of CNY 1,134,377,955.06 in the previous year[22]. - The company's cash and cash equivalents at the end of the period stood at CNY 5,927,131,299.04, an increase from CNY 4,791,876,325.61 at the end of the same period last year[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 72,339,219,200.50, reflecting a year-on-year increase of 5.99%[6]. - The total assets of the company as of September 30, 2023, amounted to RMB 72.339 billion, compared to RMB 68.250 billion at the end of 2022[16]. - The total liabilities as of the end of the third quarter of 2023 were ¥35,208,809,073.94, compared to ¥34,679,692,078.86 at the end of 2022, showing a slight increase of 1.5%[17]. - The total equity attributable to shareholders of the parent company increased to ¥34,861,129,779.68 from ¥31,570,671,392.82, representing a growth of 10.5%[17]. Operational Highlights - In the first three quarters of 2023, the company's oil tanker transportation segment achieved operating revenue of RMB 15.139 billion, a year-on-year increase of 33%[13]. - The average daily earnings (TCE) for VLCC on the Middle East to China route was approximately USD 35,346 per day, an increase of about 1,252% compared to the same period last year[12]. - The company's gross profit reached RMB 4.592 billion, representing a year-on-year growth of 411%[13]. - The LNG transportation business generated a net profit attributable to shareholders of RMB 617 million, a year-on-year increase of 7.39%[13]. - The gross profit from foreign trade oil transportation was RMB 3.489 billion, a significant year-on-year increase of 3,681%[13]. - The company sold 5 vessels in the first half of 2023, resulting in a substantial increase in disposal gains[7]. - The company disposed of 5 old oil tankers during the reporting period[12]. - The company's actual oil tanker capacity input was 54,743,100 tons per day, a year-on-year decrease of 8%[12]. - The transportation volume (excluding time charter) was 12.906 million tons, a slight decrease of 0.7% year-on-year[12]. Research and Development - Research and development expenses for the first three quarters of 2023 amounted to ¥16,711,414.30, which is a 108.4% increase from ¥8,030,937.33 in the same period last year[18]. Future Outlook - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency and profitability[20].