Workflow
中海油服(601808) - 2022 Q4 - 年度财报
COSLCOSL(SH:601808)2023-03-23 16:00

Financial Performance - The company achieved a net profit of RMB 2,493,118,894 for the year 2022, with a net profit attributable to shareholders of RMB 2,352,625,065[4]. - The total undistributed profits available for distribution at the end of 2022 amounted to RMB 20,258,769,571, after distributing RMB 715,738,800 in dividends for the year 2021[4]. - A cash dividend of RMB 0.16 per share (before tax) is proposed, totaling RMB 763,454,720 to be distributed[4]. - The company's operating revenue for 2022 was RMB 35,658.9 million, an increase of 22.1% compared to RMB 29,203.0 million in 2021[20]. - The net profit attributable to shareholders for 2022 was RMB 2,352.6 million, representing a significant increase of 651.1% from RMB 313.2 million in 2021[20]. - The net cash flow from operating activities for 2022 was RMB 6,899.9 million, a decrease of 7.1% from RMB 7,423.9 million in 2021[20]. - The total assets at the end of 2022 were RMB 77,184.1 million, reflecting a 5.3% increase from RMB 73,311.7 million at the end of 2021[20]. - The basic earnings per share for 2022 was RMB 0.49, a 600.0% increase from RMB 0.07 in 2021[21]. - The weighted average return on net assets for 2022 was 6.09%, an increase of 5.27 percentage points from 0.82% in 2021[22]. - The company reported a quarterly revenue of RMB 11,413.2 million in Q4 2022, up from RMB 9,033.1 million in Q3 2022[25]. - The net profit attributable to shareholders in Q4 2022 was RMB 289.4 million, down from RMB 960.7 million in Q3 2022[25]. - The company achieved a total revenue of RMB 35,658.9 million in 2022, representing a year-on-year increase of 22.1%, with a net profit of RMB 2,493.1 million, up 674.3%[49]. Operational Highlights - The drilling services segment generated revenue of RMB 10,346.0 million, a 17.8% increase from RMB 8,779.3 million in 2021[35]. - The oilfield technology services segment achieved revenue of RMB 19,599.7 million, a year-over-year increase of 29.9% from RMB 15,084.6 million[41]. - The company operated a fleet of over 170 offshore support vessels, achieving revenue of RMB 3,725.0 million in 2022, up 12.6% from RMB 3,307.3 million in 2021[42]. - The total operating days for the vessels reached 54,335, an increase of 4,295 days or 8.6% year-over-year[43]. - The average daily revenue for the drilling platforms was $7.8 million, a decrease of $0.4 million or 4.9% compared to 2021[39]. - The company successfully completed 4,619 kilometers of 2D seismic acquisition, an increase of 37.8% from 3,353 kilometers in 2021, while 3D seismic acquisition decreased by 16.1% to 15,110 square kilometers[45]. Strategic Initiatives - The company is committed to green and low-carbon development, actively exploring renewable energy partnerships and advancing CCUS technology[33]. - The company plans to enhance governance efficiency and risk management while focusing on internationalization and regional development strategies in 2023[33]. - The company aims to achieve breakthroughs in key core technologies and digital transformation, enhancing its competitive edge[33]. - The company focuses on five development strategies: technology-driven, cost leadership, integration, internationalization, and regional development[46]. - The company aims to build a world-class energy service company with a complete R&D, production, and service industry chain, ensuring high-quality operations[47]. Risk Management - Major risks include market competition risks due to fluctuations in the international oil and gas industry and health, safety, and environmental risks specific to offshore oilfield services[8]. - The company has established a comprehensive risk management system to enhance its risk identification and response capabilities[88]. - The company faces risks including market competition, health and safety, and environmental risks due to geopolitical tensions and regulatory changes[86]. Corporate Governance - The company has maintained strict compliance with securities trading regulations by its directors and senior management[91]. - The board of directors has held six meetings during the year, ensuring compliance with legal and regulatory requirements in decision-making processes[94]. - The company has established a comprehensive internal control system, covering 14 major internal control frameworks, to mitigate potential risks[97]. - The independent directors have effectively fulfilled their responsibilities, providing professional opinions on financial reporting and risk management[95]. - The company has implemented a diversity policy for its board, considering various factors such as education, experience, and gender in the nomination process[96]. Environmental and Social Responsibility - The company invested RMB 5,185 million in environmental protection during the reporting period[176]. - The company completed 52 energy-saving projects in 2022, achieving a total energy saving of 17,764 tons of standard coal and a carbon reduction of 35,377 tons[188]. - The company has committed to ecological protection and pollution prevention, continuously improving its environmental management system[186]. - The company made a total donation of RMB 1,047.31 million in 2022, involving 14 projects related to education assistance, local support, and consumption assistance[191]. - The company employed 17 university graduates from poverty-stricken areas in 2022 as part of its employment assistance initiatives[194]. Research and Development - Research and development expenses were RMB 978.1 million, showing a slight increase of 1.8% compared to the previous year[50]. - The company completed seven key core technology projects, receiving recognition from the State-owned Assets Supervision and Administration Commission for outstanding achievements[64]. - The number of R&D personnel was 1,725, making up 11.4% of the total workforce, with 32 holding doctoral degrees and 508 holding master's degrees[63]. - The company is investing heavily in R&D, with a budget increase of 30% to support new technology development[131]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[129]. - The company plans to enhance its digital transformation initiatives, aiming for a 50% increase in digital service offerings by the end of the next fiscal year[129]. - The company anticipates a 9% increase in demand for self-elevating drilling rigs and a 5% increase for floating drilling rigs in 2023[84]. - The company aims to reduce operational costs by 8% through efficiency improvements and technology integration[129].