2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was RMB 18,709,448 thousand, representing a 5.1% increase compared to RMB 17,806,415 thousand in the same period last year[3] - Net profit attributable to shareholders for Q3 2023 was RMB 117,701 thousand, a significant increase of 48.8% from RMB 79,128 thousand year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was RMB 76,107 thousand, up 136.8% from RMB 32,142 thousand in the same period last year[4] - Basic earnings per share for Q3 2023 was RMB 0.006, reflecting a 50.0% increase compared to RMB 0.004 in the same period last year[4] - The weighted average return on equity for Q3 2023 was 1.45%, an increase of 0.39 percentage points from 1.06% year-on-year[4] - Operating profit for Q3 2023 was RMB 674,534 thousand, up 51.8% from RMB 444,314 thousand in Q3 2022[17] - Net profit for Q3 2023 was RMB 443,605 thousand, representing a 55.5% increase from RMB 285,438 thousand in Q3 2022[17] - The increase in net profit and revenue was primarily driven by an increase in workload[7] Assets and Liabilities - Total assets at the end of Q3 2023 were RMB 74,532,190 thousand, representing a 4.7% increase from RMB 71,200,517 thousand at the end of the previous year[4] - The company's equity attributable to shareholders at the end of Q3 2023 was RMB 8,269,282 thousand, an increase of 11.3% from RMB 7,427,319 thousand at the end of the previous year[4] - The company's total assets reached RMB 74,532,190 thousand in Q3 2023, compared to RMB 71,208,061 thousand in Q3 2022[14] - Total liabilities as of Q3 2023 amounted to RMB 66,262,908 thousand, an increase from RMB 63,778,327 thousand in Q3 2022[14] - The company’s total liabilities increased to RMB 54,198,744 million as of September 30, 2023, from RMB 50,000,000 million at the end of 2022[13] - The company has a contract liability of RMB 4,335,271 million, down from RMB 5,115,819 million in the previous year[13] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was RMB 1,234,601 thousand, a significant recovery from a negative cash flow of RMB -973,896 thousand in the same period last year[4] - Cash flow from operating activities for the first three quarters of 2023 was RMB 1,234,601 thousand, a significant improvement from a negative cash flow of RMB -973,896 thousand in the same period of 2022[19] - The net cash increase for the period was RMB 212,784 thousand, contrasting with a decrease of RMB -756,747 thousand in the same period of 2022[20] - The company's cash and cash equivalents increased to RMB 2,013,934 million as of September 30, 2023, up from RMB 1,838,229 million at the end of 2022[13] Shareholder Information - The total number of common shareholders at the end of the reporting period is 107,063, with the top ten shareholders holding 98.66% of the shares[8] - China Petroleum & Chemical Corporation holds 10,727,896,364 shares, accounting for 56.51% of total shares[10] Contracts and Revenue - The company signed new contracts worth RMB 706.9 billion in the first three quarters of 2023, representing an 8.1% year-on-year increase[11] - The consolidated operating revenue for the first three quarters of 2023 is RMB 558.4 billion, a 9.6% increase compared to the previous year[11] - The net profit attributable to shareholders for the first three quarters of 2023 is RMB 4.4 billion, reflecting a 55.4% year-on-year growth[11] - Total operating revenue for the first three quarters of 2023 reached RMB 55,842,976 thousand, an increase of 9.3% compared to RMB 50,955,067 thousand in the same period of 2022[15] - The total operating cost for the first three quarters of 2023 was RMB 55,370,913 thousand, an increase of 9.1% from RMB 50,638,285 thousand in the same period of 2022[15] Research and Development - Research and development expenses for Q3 2023 totaled RMB 1,121,565 thousand, a rise of 4.2% from RMB 1,076,878 thousand in Q3 2022[17] Accounting and Reporting - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[21] - The report is issued by the board of directors of Sinopec Petroleum Engineering Technology Services Co., Ltd.[21] - The financial report does not specify any performance summary, user data, future outlook, or guidance for performance[21] - There are no mentions of new products, technologies, market expansion, or mergers and acquisitions in the report[21] - The report confirms that the new accounting standards do not apply to the current financial year[21] - The document is dated October 27, 2023, indicating the timing of the financial disclosure[21] - The report includes key personnel such as General Manager Chen Xikun and Accounting Head Cheng Zhongyi[21] - The financial report does not provide specific numerical data or percentage changes related to performance metrics[21] - The company has not disclosed any strategic initiatives or new strategies in this report[21] - The report is concise and does not elaborate on any financial performance details[21]