CNOOC EnerTech(SH:600968)2023-04-10 16:00Dividend Distribution - The company plans to distribute a cash dividend of 0.85 RMB per 10 shares, totaling approximately 864 million RMB, which accounts for 35.76% of the net profit attributable to shareholders for 2022[4]. - The company has not proposed any capital reserve transfer to increase share capital or issuance of bonus shares for this dividend distribution[4]. - The cash dividend policy stipulates that at least 10% of the net profit attributable to shareholders must be distributed as cash dividends annually, with a cumulative distribution of at least 30% over the last three years[108]. - The company has implemented a stable profit distribution policy, prioritizing cash dividends when conditions are met, including positive distributable profits and an unqualified audit report[107]. - The company actively engages with minority shareholders to ensure their opinions and rights are adequately protected during the dividend distribution process[109]. Financial Performance - The company's operating revenue for 2022 was approximately ¥47.78 billion, representing a 23.35% increase compared to ¥38.74 billion in 2021[19]. - The net profit attributable to shareholders for 2022 was approximately ¥2.42 billion, an 88.25% increase from ¥1.28 billion in 2021[19]. - The net cash flow from operating activities for 2022 was approximately ¥3.42 billion, up 29.70% from ¥2.63 billion in 2021[19]. - The basic earnings per share for 2022 was ¥0.2377, an increase of 88.20% compared to ¥0.1263 in 2021[20]. - The weighted average return on equity for 2022 was 11.09%, an increase of 4.79 percentage points from 6.30% in 2021[20]. - The total assets at the end of 2022 were approximately ¥40.67 billion, a 14.01% increase from ¥35.67 billion at the end of 2021[19]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥22.33 billion, reflecting a 9.98% increase from ¥20.30 billion at the end of 2021[19]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section of the report[7]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[5]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[6]. - The company has not identified any violations in decision-making procedures for external guarantees[6]. - The company has a robust risk resistance capability due to its integrated service model and comprehensive business system[33]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring collective responsibility for the report's accuracy[3]. - The board of directors has maintained a clear governance structure, with no issues reported regarding governance self-inspection during the reporting period[116]. - The company has implemented a three-year action plan to enhance corporate governance and improve operational quality[76]. - The company has not engaged in any related party transactions during the reporting period[82]. - The company received an "A" rating for information disclosure for two consecutive years and won the Best Information Disclosure Award in 2022-2023[76]. Environmental Responsibility - The company invested 68.51 million yuan in environmental protection during the reporting period[118]. - The company has implemented strict emission standards for various pollutants across its facilities[124][125][126][127]. - The company’s environmental management mechanisms are in place to ensure compliance with regulatory requirements[118]. - The company has established emergency response plans for environmental incidents, with all key polluting units filing their plans with local environmental authorities[135]. - The company reported a total emission of 29,745 tons of CO2 equivalent due to carbon reduction measures implemented, including the use of clean energy and energy-saving projects[145]. Research and Development - The company is focusing on innovation, with steady growth in R&D investment and advancements in key technologies such as high-temperature electric pump integration[29]. - Research and development expenses rose by 27.78% to 1.330 billion RMB, reflecting the company's commitment to enhancing R&D investment[36]. - The total number of R&D personnel was 2,388, accounting for 16.33% of the company's total workforce[51]. - The company has established 18 innovation platforms and 37 enterprise technology centers, contributing to 90 national and provincial-level scientific and technological progress awards[33]. - The company is actively pursuing research projects aimed at carbon neutrality, including studies on low-cost CCUS technology and energy-saving applications[146]. Market Position and Strategy - The company achieved double-digit year-on-year growth in revenue and profit, with revenue scale positioned at a medium to high level domestically[30]. - The company holds the second largest number of FPSOs in Asia and ranks fifth globally, dominating the nearshore FPSO production technology service market in China[32]. - The company is actively developing offshore wind power technology services and photovoltaic technology services as part of its clean energy technology offerings[30]. - The company aims to enhance its core competitiveness by concentrating resources on key areas and optimizing its business strategy[28]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[91]. Financial Management - The company has a significant shareholder structure, with state-owned entities holding 81.65% of the shares prior to the release of restricted shares[192]. - The company has engaged in credit business totaling CNY 7.5 billion, with actual transactions amounting to approximately CNY 2.08 billion[177]. - The total guarantee amount (including guarantees to subsidiaries) is CNY 1,487,355,100.22, which accounts for 6.66% of the company's net assets[182]. - The company has entrusted financial management with a total amount of CNY 3,200,000,000.00 from its own funds, with no overdue amounts[184]. - The company has not reported any impairment provisions for entrusted financial management, indicating a stable financial position[189].