COSL(SH:601808)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 8,456.3 million, representing a year-on-year increase of 24.4%[4] - The net profit attributable to shareholders for Q1 2023 was RMB 404.1 million, up 33.0% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 386.9 million, reflecting a 45.1% increase year-on-year[4] - Basic and diluted earnings per share for Q1 2023 were both RMB 0.08, an increase of 33.3% from the previous year[5] - Total profit for Q1 2023 reached RMB 636.1 million, up 44.0% year-on-year, while net profit was RMB 456.4 million, reflecting a 49.1% increase[13] - Operating profit for Q1 2023 was ¥659,384,434, compared to ¥436,785,296 in Q1 2022, reflecting a growth of 50.9%[22] - Net profit attributable to shareholders of the parent company was ¥404,088,646, up from ¥303,835,336 in the same period last year, marking a 32.9% increase[22] - The company reported a basic earnings per share of ¥0.0847 for Q1 2023, compared to ¥0.0637 in Q1 2022, reflecting a 33.1% increase[22] Cash Flow and Assets - The net cash flow from operating activities was a net outflow of RMB 96.2 million, a significant improvement from a net outflow of RMB 2,224.2 million in the same period last year[8] - Cash and cash equivalents as of March 31, 2023, were RMB 3,721.9 million, down from RMB 4,121.3 million at the end of 2022[18] - Total assets at the end of Q1 2023 were RMB 76,677.2 million, a slight decrease of 0.7% from the end of the previous year[5] - The total assets of the company amounted to RMB 76,677.2 million, slightly down from RMB 77,184.1 million at the end of 2022[18] - Cash and cash equivalents at the end of Q1 2023 were ¥3,162,511,233, down from ¥3,900,251,337 at the end of Q1 2022, a decrease of 19%[23] - Current assets totaled ¥28,109,690,405, with cash and cash equivalents at ¥4,121,251,395 and accounts receivable at ¥14,175,183,529[25] Shareholder Information - The equity attributable to shareholders at the end of Q1 2023 was RMB 39,820.1 million, an increase of 1.2% from the end of the previous year[5] - The company reported a total of 54,866 common shareholders at the end of the reporting period[9] - The major shareholder, China National Offshore Oil Corporation, held 50.53% of the shares[9] - The total equity attributable to shareholders of the parent company increased to ¥39,820,094,150, up from ¥39,331,280,999, indicating a growth of 1.2%[19] - Shareholders' equity increased from ¥39,898,084,045 to ¥39,975,967,381, with retained earnings rising by ¥77,884,582[26] Operational Metrics - The number of operating days for drilling services increased to 4,465 days, a rise of 13.8% compared to the same period last year[16] - The utilization rate for semi-submersible drilling platforms improved by 12.4 percentage points to 78.5% year-on-year[14] - The company operated 172 vessels in its marine services segment, an increase of 17 vessels, leading to a total of 13,695 operating days, up 7.3% year-on-year[17] - The company reported a significant increase in 2D seismic acquisition, with 12,003 kilometers completed, a rise of 11,903% year-on-year[16] Research and Development - Research and development expenses increased to ¥235,932,638 in Q1 2023, compared to ¥190,687,026 in Q1 2022, representing a rise of 23.7%[22] - The company is accelerating the promotion of key core technology breakthroughs and optimizing the innovation ecosystem to enhance research and development outcomes[17] Compliance and Accounting - The company adopted new accounting standards effective January 1, 2023, impacting the recognition of lease liabilities and right-of-use assets[24] - The company is committed to ongoing compliance with the new accounting standards, ensuring accurate financial reporting[24]