Financial Performance - Operating revenue for the first half of 2023 was RMB 37,133,528 thousand, representing a 12.0% increase compared to RMB 33,148,652 thousand in the same period of 2022[8]. - Net profit attributable to shareholders for the first half of 2023 was RMB 325,904 thousand, a significant increase of 58.0% from RMB 206,310 thousand in the previous year[8]. - Basic earnings per share for the first half of 2023 was RMB 0.034, up 13.3% from RMB 0.030 in the same period of 2022[7]. - The company reported a total profit of RMB 541,574 thousand for the first half of 2023, which is a 43.5% increase from RMB 377,377 thousand in the same period of 2022[8]. - The company's total comprehensive income for the first half of 2023 is RMB 325,904,000, which includes a special reserve increase of RMB 323,216,000[171]. - The net profit attributable to the parent company for the six months ended June 30, 2023, is RMB 325,904,000, compared to RMB 206,310,000 for the same period in 2022, reflecting a year-over-year increase of approximately 57.7%[171]. Assets and Liabilities - Total assets as of June 30, 2023, reached RMB 72,830,971 thousand, an increase of 2.3% from RMB 71,208,061 thousand as of December 31, 2022[7]. - The total liabilities increased to RMB 64,752,117 thousand, up by RMB 973,790 thousand from the end of 2022, primarily due to an increase in short-term borrowings of RMB 1,745,462 thousand[37]. - The equity attributable to shareholders reached RMB 8,078,854 thousand, reflecting an increase of RMB 649,120 thousand, driven by the net profit for the first half of 2023[37]. - The company's cash and cash equivalents were RMB 1,759,808 thousand, a decrease from RMB 1,801,150 thousand at the end of 2022[71]. - The company's total liabilities for reportable segments were RMB 64,752,117 thousand as of June 30, 2023[89]. Cash Flow - Cash flow from operating activities for the first half of 2023 was RMB 421,612 thousand, a recovery from a negative cash flow of RMB -537,926 thousand in the same period of 2022[8]. - The net cash inflow from operating activities for the first half of 2023 was RMB 421,612 thousand, a year-on-year increase of RMB 959,538 thousand[37]. - Cash flow from financing activities showed a net increase of RMB 1,100,090 thousand, compared to RMB 305,843 thousand in the previous year[167]. Shareholder Information - The company had a total of 113,975 shareholders as of June 30, 2023, with 113,644 being A-share shareholders and 331 being H-share shareholders[13]. - The top ten shareholders held a total of 10,727,896,364 A-shares, representing 56.51% of the total shareholding[14]. - China Petroleum & Chemical Corporation (Sinopec) directly and indirectly holds 13,323,683,351 shares, accounting for 70.18% of the total shares[15]. Revenue Segments - The company's geophysical services achieved a revenue of RMB 2,019,633 thousand in the first half of 2023, a growth of 33.6% compared to RMB 1,512,225 thousand in the same period last year[28]. - The drilling services segment reported a revenue of RMB 18,867,989 thousand, up 13.4% from RMB 16,635,798 thousand year-on-year, with a drilling footage of 5.61 million meters, an increase of 15.2%[29]. - International business revenue reached RMB 7,795,859 thousand, a significant increase of 38.0% from RMB 5,650,053 thousand, accounting for 21.2% of total revenue[33]. Research and Development - Research and development expenses for the period were RMB 815,114 thousand, compared to RMB 666,919 thousand in the same period last year, indicating a focus on innovation[68]. - The company applied for 431 patents in the first half of 2023, including 217 invention patents, enhancing its innovation capabilities[34]. Future Plans and Commitments - The group plans to sign new contracts worth over RMB 246 billion in the second half of 2023, with RMB 177 billion expected from Sinopec Group[43]. - The company plans to invest RMB 3.75 billion in capital expenditures in the second half of 2023, including the purchase of 8 drilling rigs and upgrades to 4 existing rigs[52]. - The company aims to sign new contracts worth RMB 7.6 billion and complete contracts worth RMB 8.5 billion in the engineering construction service sector in the second half of 2023[48]. Related Party Transactions - The company reported significant related party transactions, including RMB 22.57 billion for engineering services provided to Sinopec Group, accounting for 61.5% of similar transactions[55]. - Significant related party transactions with Sinopec Group and its subsidiaries for the six months ended June 30, 2023, include procurement of materials and equipment amounting to RMB 4,834.02 million, compared to RMB 5,183.88 million in 2022[150]. Legal and Compliance - The company has not faced any investigations or legal actions from authorities during the reporting period, ensuring operational stability[66]. - The company has engaged local legal support in Chile to assist with the arbitration proceedings[145]. Operational Efficiency - The company maintained a stable and efficient operation despite a year-on-year decline in international oil prices, demonstrating resilience in its business model[26]. - The company achieved a 100% data qualification rate in logging services, indicating improved service quality and operational efficiency[30].
中石化油服(01033) - 2023 - 中期业绩