COSL(SH:601808)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was RMB 10,633.6 million, representing a 17.7% increase compared to RMB 9,033.1 million in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was RMB 934.3 million, a decrease of 2.9% from RMB 960.7 million in Q3 2022[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 925.1 million, down 4.2% from RMB 964.6 million year-on-year[5]. - The basic earnings per share for Q3 2023 remained at RMB 0.20, unchanged from the same period last year[5]. - The weighted average return on equity for Q3 2023 was 2.3%, a decrease of 0.2 percentage points compared to 2.5% in Q3 2022[5]. - For Q3 2023, the company reported a revenue of RMB 29,507.2 million, representing a year-on-year increase of 21.7%[13]. - The net profit for the same period was RMB 2,459.6 million, reflecting a year-on-year growth of 16.1%[13]. - Total revenue for the first three quarters of 2023 reached ¥29.51 billion, a 21.5% increase from ¥24.25 billion in the same period of 2022[23]. - Operating profit for the first three quarters of 2023 was ¥3.18 billion, compared to ¥2.64 billion in the same period of 2022, reflecting a growth of 20.4%[25]. - Net profit for the first three quarters of 2023 was ¥2.46 billion, up from ¥2.12 billion in the same period of 2022, representing a 16.1% increase[25]. Assets and Liabilities - Total assets at the end of Q3 2023 were RMB 81,784.0 million, an increase of 6.0% from RMB 77,184.1 million at the end of the previous year[5]. - The equity attributable to shareholders at the end of Q3 2023 was RMB 40,903.7 million, up 3.8% from RMB 39,331.3 million at the end of the previous year[5]. - Total assets as of September 30, 2023, amounted to ¥81.78 billion, an increase from ¥77.16 billion at the end of 2022[22]. - Total liabilities as of September 30, 2023, were ¥40.12 billion, compared to ¥37.18 billion at the end of 2022, indicating a rise of 7.8%[22]. - Current assets totaled ¥33.77 billion as of September 30, 2023, up from ¥28.11 billion at the end of 2022, marking a 20.3% increase[22]. - The company’s total equity as of September 30, 2023, was ¥41.66 billion, an increase from ¥39.98 billion at the end of 2022, reflecting a growth of 4.2%[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 4,260.7 million, a significant improvement from a negative RMB 470.8 million in the same period last year[5]. - The net cash flow from operating activities for Q3 2023 was RMB 4,260,735,128, a significant improvement compared to a negative RMB 470,801,409 in the same period last year[26]. - Total cash inflow from operating activities reached RMB 29,025,914,981, up from RMB 19,844,168,372 year-on-year, representing an increase of approximately 46.5%[26]. - Cash outflow for purchasing goods and services was RMB 17,770,792,009, compared to RMB 14,273,018,367 in the previous year, indicating a rise of about 24.8%[26]. - The net cash flow from investment activities was RMB 2,045,337,822, down from RMB 4,120,647,423 in the same quarter last year, reflecting a decrease of approximately 50.3%[26]. - Cash inflow from financing activities was RMB 1,830,239,400, a decrease of 65.8% compared to RMB 5,364,161,900 in Q3 2022[26]. - The total cash and cash equivalents at the end of Q3 2023 amounted to RMB 8,097,898,788, an increase from RMB 4,164,656,039 year-on-year[26]. - The company reported a cash outflow of RMB 3,732,826,385 from financing activities, a decrease from RMB 10,046,006,108 in the same quarter last year, indicating a reduction of approximately 62.9%[26]. - The impact of exchange rate changes on cash and cash equivalents was RMB 132,672,398, compared to RMB 190,265,394 in the previous year, showing a decrease of about 30.3%[26]. Operational Performance - The total number of ordinary shareholders at the end of the reporting period was 43,578, with the largest shareholder holding 50.53% of the shares[11]. - The total operating days for drilling services reached 13,234 days, an increase of 7.4% compared to the previous year[14]. - The utilization rate for semi-submersible drilling platforms improved by 15.3 percentage points to 82.8%[14]. - The company achieved a significant increase in 2D seismic acquisition, totaling 12,989 kilometers, which is a 452.0% year-on-year increase[17]. - The number of vessels in the marine service segment was 171, with total operating days of 41,092, up 2.8% year-on-year[18]. - The operational days for the repair support vessels increased by 47.2% year-on-year, indicating strong demand in this segment[15]. - The company secured high-value long-term contracts in regions such as the North Sea, Southeast Asia, Gulf of Mexico, and the Middle East[13]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥809 million, compared to ¥629 million in the same period of 2022, reflecting a 28.6% increase[23]. - The company continues to enhance its technological capabilities and improve the conversion of research outcomes into practical applications[17]. Government Subsidies - The company received government subsidies amounting to RMB 8,262,518 in Q3 2023, contributing to its financial performance[8]. - The company received government subsidies totaling RMB 13,171,700, compared to RMB 9,391,980 in the previous year, marking a growth of approximately 40.5%[26].