贝肯能源(002828) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was CNY 904,426,084.97, representing a 39.28% increase compared to CNY 649,367,598.74 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 45,446,937.32, a decrease of 35.09% from CNY 70,015,040.02 in 2017[18]. - The net profit after deducting non-recurring gains and losses was CNY 38,940,919.33, down 40.66% from CNY 65,625,416.71 in the previous year[18]. - The total revenue for 2018 was 718,976,983.71 CNY, representing a 58.60% increase compared to 453,326,705.62 CNY in 2017[52]. - In 2018, the company's revenue increased by 39.28% year-on-year, while profit decreased by 35.09%[82]. Cash Flow and Assets - The net cash flow from operating activities increased by 85.63% to CNY 171,125,046.65, compared to CNY 92,183,804.43 in 2017[18]. - The total assets at the end of 2018 were CNY 1,880,390,459.21, a 30.14% increase from CNY 1,444,904,682.12 at the end of 2017[18]. - The company’s cash and cash equivalents increased by 72.28%, mainly due to the collection of receivables[31]. - Operating cash inflow reached ¥963,507,124.14, a 142.41% increase compared to the previous year, while operating cash outflow increased by 159.56% to ¥792,382,077.49[61]. - Total monetary funds at year-end amounted to ¥440,585,369.90, representing 23.43% of total assets, an increase of 5.73% from the previous year[65]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, based on a total of 204,578,000 shares[6]. - The company distributed a cash dividend of 1.10 CNY per 10 shares for the 2017 fiscal year, based on a total share capital of 119,770,000 shares, and a capital reserve conversion of 7 shares for every 10 shares[91]. - For the 2018 fiscal year, the proposed cash dividend is 0.60 CNY per 10 shares, based on a total share capital of 204,578,000 shares[92]. - The cash dividend amount for 2018 was 12,274,700.00 CNY, representing 27.01% of the distributable profit of 375,209,373.91 CNY[95]. Operational Highlights - The company completed drilling operations on 362 wells, with a total footage of 421,658 meters, marking a historical high with an increase of 109,064 meters year-on-year[38]. - The company launched 8 new drilling rigs and utilized 33 drilling and workover rigs during the year[38]. - The oil and gas exploration and development segment accounted for 99.47% of total revenue, with a year-on-year growth of 45.73%[45]. - The drilling engineering segment generated CNY 831.22 million, representing 91.91% of total revenue and a growth of 66.63% year-on-year[45]. Research and Development - The company applied for 8 patents in 2018, with 3 patents granted, including 1 invention patent[40]. - The company initiated the "Digital Beiken" project to enhance its information technology capabilities, focusing on integrating smart drilling technologies[84]. - The company established a three-tier R&D and technology innovation team to strengthen its technological capabilities and attract high-tech talent[84]. - R&D investment increased by 11.59% year-on-year, totaling ¥13,261,249.20, but the proportion of R&D investment to operating revenue decreased by 0.36% to 1.47% due to a significant revenue increase of 39.28%[59]. Market Expansion and Strategy - The company aims to achieve a revenue target of 1.6 billion RMB and a net profit of 100 million RMB in 2019, contingent on market conditions[83]. - The company plans to expand its market presence in the Xinjiang region and other oil fields, particularly in the Sichuan basin and internationally in Ukraine and the Middle East[83]. - The company is focusing on enhancing its core competitiveness in oilfield engineering technology services and expanding into upstream and downstream sectors[81]. Risk Management and Compliance - The company faces risks related to fluctuations in investment scale in the oil and gas exploration and development industry, which can directly impact the demand for oilfield technical services[86]. - The company has implemented a strict HSE management system to mitigate safety and environmental risks associated with oil and gas exploration and production[86]. - The company has maintained effective internal controls related to financial reporting as of December 31, 2018, with no significant deficiencies identified[197]. Corporate Governance - The company maintains complete independence from its controlling shareholder in business, personnel, assets, and finance[183]. - Independent directors attended all required board meetings and did not raise any objections during the reporting period[191]. - The company has established a robust internal control system and governance structure in accordance with relevant laws and regulations[181]. Employee and Management Information - The total remuneration paid to the company's directors, supervisors, and senior management in 2018 amounted to CNY 6.1668 million[170]. - The company employed a total of 1,673 staff, with 1,452 in the parent company and 221 in major subsidiaries[173]. - The company has established a comprehensive training system to enhance employee skills and capabilities[176].