Financial Performance - Total revenue for 2023 reached RMB 79,980,939 thousand, an increase of 8.4% compared to RMB 73,772,688 thousand in 2022[6] - Net profit attributable to shareholders for 2023 was RMB 589,216 thousand, representing a 23.8% increase from RMB 475,898 thousand in 2022[7] - Operating profit for 2023 was RMB 899,969 thousand, up 22.9% from RMB 732,392 thousand in 2022[7] - Basic earnings per share for 2023 were RMB 0.031, a 24.0% increase from RMB 0.025 in 2022[9] - The net cash flow from operating activities for 2023 was RMB 5,576,913 thousand, representing a 32.9% increase from RMB 4,197,869 thousand in 2022[7] - The company reported a pre-tax profit of RMB 915,207 thousand for 2023, up from RMB 837,162 thousand in 2022[6] - The company reported a total comprehensive income for the year of RMB 593,468 thousand, compared to RMB 577,886 thousand in 2022, indicating an increase of approximately 2.7%[83] - The net profit attributable to shareholders for 2023 is RMB 589,216 thousand according to Chinese accounting standards, and RMB 576,083 thousand according to IFRS[64] Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 75,162,974 thousand, a 5.6% increase from RMB 71,208,061 thousand in 2022[8] - The company’s total liabilities as of December 31, 2023, were RMB 67,139,772 thousand, an increase from RMB 63,778,327 thousand in 2022[6] - The equity attributable to shareholders increased to RMB 8,023,202 thousand, reflecting an 8.0% growth from RMB 7,429,734 thousand in 2022[8] - The company’s total current liabilities amounted to RMB 66,186,004,000, an increase from RMB 62,519,655,000 in the previous year, indicating a growth of about 11%[85] - The total amount of guarantees provided by the company, including those for subsidiaries, is RMB 29,447,108, which accounts for 367.0% of the company's net assets[73] Shareholder Information - The top shareholder, China Petroleum & Chemical Corporation, holds 10,727,896,364 shares, representing 56.51% of the total shares[15] - The total number of shareholders as of December 31, 2023, was 115,374, with 115,048 being domestic A-share shareholders[14] - The controlling shareholder, Sinopec Group, holds a total of 13,323,683,351 shares, representing 70.18% of the company's total shares[23] Operational Highlights - The company achieved a historical high in domestic oil and gas production, benefiting from national energy security strategies[33] - The drilling service segment generated RMB 39.8 billion in revenue, an 8.1% increase from RMB 36.81 billion in the previous year[36] - The geophysical service segment reported revenue of RMB 5.67 billion, a 19.2% increase from RMB 4.76 billion year-on-year[35] - The company completed drilling footage of 10.98 million meters, reflecting a year-on-year growth of 10.0%[36] - The company’s revenue from downhole special operations services reached RMB 10.7 billion in 2023, a 14.2% increase from RMB 9.37 billion in the same period last year[38] Research and Development - The company applied for 1,004 patents in 2023, with 541 patents granted, reflecting a strong focus on technological innovation and research and development[41] - The company's R&D expenses for the year were RMB 2,083,796 thousand, up from RMB 1,838,969 thousand in 2022, marking an increase of approximately 13.3%[82] Future Plans - The company plans to sign new contracts worth RMB 83.5 billion in 2024, including RMB 56.5 billion from Sinopec Group's internal market[54] - The company aims to complete 3,600 kilometers of 2D seismic acquisition and 15,000 square kilometers of 3D seismic acquisition in 2024[55] - The company plans to reduce management costs by RMB 650 million through optimization and efficiency improvements in 2024[62] Related Party Transactions - Major related party transactions include procurement of raw materials and equipment from Sinopec Group amounting to RMB 10,383,643 thousand, representing 34.2% of similar transactions[66] - Engineering services provided to Sinopec Group totaled RMB 49,123,887 thousand, accounting for 62.4% of similar transactions[66] Financial Management - The company has secured a borrowing credit line of RMB 23 billion and USD 300 million (approximately RMB 24.8 billion) from subsidiaries of Sinopec Group[89] - The company maintains a long-term good relationship with Sinopec Group, ensuring sufficient financial support for its operations[89] - The company’s financing activities generated a net cash inflow of RMB 558,226 thousand, an increase of RMB 493,023 thousand year-on-year[47]
中石化油服(01033) - 2023 - 年度业绩