SOFE(SZ:000852)2022-08-17 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,523,372,940.75, representing an increase of 11.81% compared to CNY 3,151,237,172.38 in the same period last year[37]. - The net profit attributable to shareholders of the listed company was CNY 39,473,709.11, an increase of 80.88% from CNY 21,822,946.11 in the previous year[37]. - The net profit after deducting non-recurring gains and losses was CNY 35,772,139.91, up 322.60% from CNY 8,464,704.65 in the same period last year[37]. - The net cash flow from operating activities was CNY 163,014,137.77, a 62.77% increase compared to CNY 100,147,200.86 in the previous year[37]. - The total assets at the end of the reporting period were CNY 9,985,622,382.62, reflecting a growth of 22.92% from CNY 8,123,684,671.68 at the end of the previous year[37]. - The net assets attributable to shareholders of the listed company increased by 55.99% to CNY 2,892,091,856.33 from CNY 1,854,032,145.00 at the end of the previous year[37]. - Basic earnings per share were CNY 0.0459, representing a 63.35% increase from CNY 0.0281 in the same period last year[37]. - The diluted earnings per share were also CNY 0.0459, reflecting the same growth of 63.35% compared to CNY 0.0281 in the previous year[37]. - The weighted average return on equity was 2.10%, an increase of 0.90% from 1.20% in the previous year[37]. Business Development - The company added new orders worth 4.394 billion yuan, representing a year-on-year growth of 15%[51]. - The company’s drilling equipment orders grew by 20%, while drill bits and tools saw a 25% increase in orders[51]. - The company successfully developed the world's first fully electric automated workover rig, leading the electrification and automation of workover equipment[50]. - The company established a hydrogen equipment subsidiary and completed the prototype testing of a 90MPa hydrogen compressor and a 35MPa hydrogen refueling machine[55]. - The company’s non-public stock issuance project was successfully completed, injecting confidence and momentum for high-quality development[52]. - The company’s core manufacturing capabilities are at a world-leading level, with 16 production lines and multiple international certifications[47]. - The company’s research and development efforts have led to significant breakthroughs in shale oil exploration and development, achieving the highest efficiency records in related operations[50]. Environmental Initiatives - The company’s environmental equipment successfully won a bid for the CCUS project in Jiangsu Oilfield, advancing its involvement in carbon capture technology[55]. - The company has established a comprehensive pollution prevention facility management system, ensuring normal operation of pollution control facilities across all production units[108]. - All construction projects comply with environmental protection procedures and have obtained the necessary pollution discharge permits, ensuring compliance with regulations[109]. - The company has initiated the development of fully electric intelligent fracturing equipment and the intelligent upgrade of compressor production lines to enhance safety levels[120]. - The company is actively participating in carbon peak and carbon neutrality actions, focusing on reducing total energy consumption and pollutant emissions[120]. - The company has conducted emergency drills for environmental incidents, ensuring preparedness for unexpected events[110]. - The company has established an annual environmental monitoring plan, with third-party monitoring agencies conducting regular assessments[113]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[114]. Related Party Transactions - The company reported a significant related party transaction amounting to 56,042,000 RMB, which accounted for 18.53% of similar transaction amounts[134]. - The company engaged in related party transactions for material procurement, with prices for natural gas ranging from 1.00 to 3.00 RMB per cubic meter and finished oil priced between 7.00 to 12.00 RMB per liter[134]. - The total amount of related party transactions with Jianghan Oil Management Bureau was 3,403,620 RMB, representing 77.34% of similar transaction amounts[134]. - The company has established pricing principles for related party transactions based on normal commercial terms or relevant agreements[134]. - The company has not exceeded the approved transaction limits for related party transactions, which were set at 157,000,000 RMB for certain transactions[134]. Shareholder Information - The company completed a private placement of shares, issuing 163,398,692 new shares and raising approximately RMB 999.99 million, with a net amount of RMB 994.86 million after expenses[170]. - Following the private placement, the total share capital increased from 777,604,997 shares to 941,003,689 shares[179]. - The total number of shares held by state-owned legal entities is 45,751,633, representing 4.86% of the total shares[176]. - The company’s total share capital after the issuance is 941,003,689 shares, with 163,398,692 shares being subject to lock-up conditions[176]. - The company issued 163,398,692 shares at a price of 6.12 CNY per share through a private placement in March 2022, which was listed on April 27, 2022[192]. - The total number of ordinary shareholders at the end of the reporting period was 37,777, with the largest shareholder, China Petroleum & Chemical Corporation, holding 48.54% of the shares[194]. - The company has a total of 456,756,300 shares held by the largest shareholder, which is a state-owned entity[198]. - The company has a total of 163,398,692 shares under lock-up conditions, with specific release dates for different shareholders[193]. - The company’s shares are subject to different lock-up periods, with some shares being tradable after 6 months and others after 18 months from the listing date[193]. Risk Management - The company faced risks from international crude oil price fluctuations, which could impact its operations if prices drop significantly[94]. - The company continues to monitor and manage risks related to foreign exchange and international operations[96]. - The company plans to enhance its "345" industrial layout and continue cost reduction efforts to improve profitability[96]. Investment and Capital Allocation - The company reported a total of CNY 99.49 million raised through a non-public offering, with CNY 35.94 million already utilized[78]. - The cumulative use of raised funds reached CNY 359.35 million, with a remaining balance of CNY 639.80 million as of June 30, 2022[78]. - The project for electric fracturing equipment integrated services has not yet incurred any costs, with a planned investment of CNY 32 million[81]. - The company has committed CNY 30 million for working capital, with CNY 29.62 million already utilized, achieving a progress rate of 98.74%[81]. - The company has not engaged in any securities or derivative investments during the reporting period[75][74]. - The company has not sold any significant assets during the reporting period[87]. - The company has no changes in the use of raised funds or investment projects during the reporting period[84].