2019-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 64.4% to CNY 723,193,000 year-on-year[5] - Operating revenue grew by 28.0% to CNY 47,599,937,000 for the first nine months of the year[5] - Basic earnings per share increased by 58.3% to CNY 0.038[5] - The company reported a significant increase in accounts payable, which rose to RMB 24,860,425 thousand from RMB 23,261,762 thousand, reflecting higher operational activity[17] - Total operating revenue for Q3 2019 reached RMB 17,343,907 thousand, a 28% increase from RMB 13,528,135 thousand in Q3 2018[21] - Net profit for Q3 2019 was RMB 213,765 thousand, compared to RMB 39,025 thousand in Q3 2018, representing a significant increase[22] - Earnings per share for Q3 2019 were RMB 0.011, compared to RMB 0.002 in Q3 2018, showing improved profitability per share[22] Assets and Liabilities - Total assets increased by 9.8% to CNY 66,853,074,000 compared to the end of the previous year[5] - The total assets increased to RMB 66,853,074 thousand from RMB 60,904,715 thousand, reflecting overall growth in the company's financial position[15] - The total liabilities rose to RMB 59,930,783 thousand from RMB 55,126,305 thousand, indicating an increase in financial obligations[17] - Total current assets amounted to 32,013,819 thousand RMB, with accounts receivable at 15,630,004 thousand RMB and inventory at 1,411,638 thousand RMB[31] - The total liabilities were 55,126,305 thousand RMB, with current liabilities comprising 52,963,348 thousand RMB[32] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 897,769,000, a significant improvement from a loss of CNY 3,043,798,000 in the same period last year[5] - Operating cash flow improved significantly, with a net cash flow from operating activities of RMB 897,769 thousand compared to a loss of RMB 3,043,798 thousand in the previous year[12] - The net cash flow from operating activities for the first three quarters of 2019 was 897,769,000, recovering from a negative cash flow of -3,043,798,000 in the same period of 2018[26] - The company reported a net cash outflow from investing activities of -1,275,151,000 in Q3 2019, compared to -398,073,000 in Q3 2018[27] - The total cash and cash equivalents at the end of Q3 2019 were 2,004,551,000, a decrease from 2,139,449,000 at the end of Q3 2018[27] Investments and Expenses - Research and development expenses surged by 154.4% to RMB 683,745 thousand, reflecting increased investment in technology for drilling and complex reservoir projects[12] - Financial expenses rose by 175.5% to RMB 615,969 thousand, mainly due to increased interest expenses and the impact of new leasing standards[12] - The company received government subsidies amounting to CNY 42,092,000 during the reporting period[6] - The company plans to continue expanding its market presence and investing in new technologies[5] Shareholder Information - The total number of shareholders reached 136,686, with the largest shareholder holding 56.51% of the shares[7] - The company reported non-recurring gains of CNY 86,229,000 for the third quarter[6]