海油发展(600968) - 2021 Q1 - 季度财报

Financial Performance - Operating revenue increased by 9.59% to CNY 6,548,586,949.31 year-on-year[4] - Net profit attributable to shareholders rose by 72.38% to CNY 218,800,114.81 compared to the same period last year[4] - Operating profit increased by 42.15% year-on-year, attributed to increased workload and effective cost control measures[12] - Net profit rose by 69.15% year-on-year, driven by increased workload and enhanced efficiency[12] - Basic and diluted earnings per share increased by 72.00% to CNY 0.0215 per share[4] - Total operating revenue for Q1 2021 was RMB 6,548,586,949.31, an increase of 9.55% compared to RMB 5,975,468,702.04 in Q1 2020[23] - Net profit for Q1 2021 reached RMB 241,296,157.73, compared to RMB 142,650,216.62 in Q1 2020, representing a significant increase of 69.06%[23] - The net profit attributable to shareholders of the parent company for Q1 2021 was CNY 218,800,114.81, compared to CNY 126,929,800.96 in Q1 2020, representing an increase of approximately 72%[24] - The total comprehensive income for Q1 2021 was CNY 247,565,382.60, compared to CNY 164,624,657.41 in Q1 2020, indicating an increase of approximately 50%[24] Cash Flow - Net cash flow from operating activities decreased significantly by 85.21% to CNY 101,664,657.08[4] - Cash flow from operating activities decreased by 85.21% year-on-year, mainly due to increased cash payments for goods and services[13] - Cash flow from investing activities increased significantly, with a net inflow of RMB 807,135,073.74, primarily due to a substantial increase in cash received from bank wealth management products[13] - Cash flow from financing activities decreased by 1,433.19% year-on-year, mainly due to increased cash payments for debt repayment[13] - The net cash flow from operating activities was -502,391,437.85 RMB, a decrease from 580,062,517.69 RMB in the same quarter of 2020[29] - Total cash inflow from investment activities was 4,925,518,648.45 RMB, significantly higher than 1,867,127,093.24 RMB in Q1 2020[29] - The net cash flow from investment activities was 1,127,793,075.32 RMB, compared to -180,454,081.10 RMB in the previous year[29] - The cash inflow from operating activities was 4,724,365,583.06 RMB, down from 6,120,747,084.95 RMB in the same quarter last year[29] Assets and Liabilities - Total assets decreased by 7.76% to CNY 30,048,683,407.56 compared to the end of the previous year[4] - Accounts receivable decreased by 66.21% compared to the end of last year, mainly due to strengthened collection efforts[10] - Prepayments increased by 183.70% compared to the end of last year, primarily due to business expansion[10] - Inventory increased by 39.64% compared to the end of last year, driven by increased workload and stockpiling of raw materials and finished products[10] - Contract liabilities grew by 139.08% compared to the end of last year, reflecting increased prepayments from customers due to higher workload[10] - The company's total current assets amounted to approximately CNY 14.78 billion, a decrease from CNY 17.19 billion as of December 31, 2020, reflecting a reduction of about 24.1%[17] - The company's total liabilities decreased to approximately CNY 9.59 billion as of March 31, 2021, from CNY 12.40 billion at the end of 2020, a reduction of about 22.6%[19] - The company's total equity increased to approximately CNY 20.46 billion as of March 31, 2021, compared to CNY 20.17 billion at the end of 2020, reflecting an increase of about 1.4%[19] Shareholder Information - The total number of shareholders reached 154,350 by the end of the reporting period[7] - The largest shareholder, China National Offshore Oil Corporation, holds 79.84% of the shares[7] Future Outlook - The company has not disclosed specific future outlook or guidance in this report[3] Research and Development - Research and development expenses for Q1 2021 amounted to RMB 79,578,195.84, an increase from RMB 61,985,969.37 in Q1 2020, indicating a year-over-year growth of 28.38%[23] - Research and development expenses increased to CNY 21,832,768.49 in Q1 2021 from CNY 12,825,461.58 in Q1 2020, reflecting a rise of approximately 70%[25]