Financial Performance - The group's revenue increased from RMB 12.645 billion in 2021 to RMB 18.567 billion in 2022, representing a growth of approximately RMB 5.922 billion or 47%[2] - The profit attributable to equity holders for 2022 was RMB 1.461 billion, compared to a loss of RMB 4.985 billion in 2021[5] - Basic and diluted earnings per share for 2022 were RMB 0.3065 and RMB 0.3060, respectively, while both were losses of RMB 1.0468 in 2021[5] - The group's gross profit for 2022 was RMB 3.409 billion, a significant recovery from a gross loss of RMB 4.089 billion in 2021[3] - The company reported a total comprehensive income of RMB 3.646 billion for 2022, compared to a total comprehensive loss of RMB 4.582 billion in 2021[5] - The group reported a pre-tax profit of RMB 2.753 billion for the year ended December 31, 2022, compared to a loss of RMB 4.527 billion in 2021[18] - The net profit attributable to shareholders was RMB 1.46 billion, up 129.3% year-on-year[42] - The EBITDA for 2022 was RMB 6.63 billion, reflecting an increase of 862.6% compared to the previous year[42] Assets and Liabilities - The total assets as of December 31, 2022, amounted to RMB 68.250 billion, an increase from RMB 59.389 billion in 2021[6] - Non-current liabilities rose to RMB 24.089 billion in 2022 from RMB 16.129 billion in 2021, primarily due to an increase in bank and other interest-bearing loans[7] - Current liabilities decreased to RMB 10.591 billion in 2022 from RMB 13.338 billion in 2021, reflecting a reduction in short-term borrowings[7] - As of December 31, 2022, the group's current liabilities exceeded current assets by approximately RMB 2.208 billion[11] - The total liabilities for the LNG segment increased to RMB 10.506 billion in 2022 from RMB 8.325 billion in 2021[20] - The total debt, net of cash, was RMB 30,215,794,000, with cash and cash equivalents amounting to RMB 4,239,339,000, reflecting a 20% increase from RMB 3,523,889,000 at the end of the previous year[56] Revenue Segmentation - The LNG segment generated revenue of RMB 17.248 billion in 2022, compared to RMB 11.414 billion in 2021, marking a growth of approximately 50.8%[18] - The oil transportation segment reported revenue of RMB 15.745 billion in 2022, up from RMB 10.574 billion in 2021, reflecting an increase of approximately 49.5%[18] - Domestic revenue for the year ended December 31, 2022, was RMB 5,892,937,000, an increase from RMB 5,669,946,000 in 2021, representing a growth of 3.93%[21] - International revenue surged to RMB 12,673,858,000 in 2022 from RMB 6,974,754,000 in 2021, marking an increase of 81.35%[21] Operational Highlights - The company operates the world's largest oil tanker fleet with 159 vessels and a total deadweight tonnage of 23.34 million tons as of December 31, 2022[34] - The company is a leader in China's LNG transportation sector, participating in the investment of 62 LNG vessels, with 40 currently in operation and 22 awaiting delivery, totaling 6.77 million cubic meters[34] - In 2022, the group achieved a transportation volume of 17.436 million tons, an increase of 4.2% year-on-year[42] - The average daily earnings for VLCC on the TD3C route reached $61,364 in Q4 2022, reflecting a significant recovery from earlier lows[37] Cost and Expenses - Total financial expenses for the year amounted to RMB 993,999,000, an increase from RMB 826,672,000 in the previous year[26] - The company incurred a total income tax expense of RMB 964,255,000 for the year ended December 31, 2022, compared to RMB 139,800,000 in 2021[27] - Fuel costs for tanker transportation rose to RMB 5.57 billion, a 73.2% increase year-on-year, accounting for 38.4% of total costs[50] Future Outlook - The company plans to add 2 new LNG vessels with a capacity of 254,000 cubic meters in 2023, and expects to operate 159 oil tankers with a total deadweight tonnage of 23.34 million tons[87] - The company anticipates achieving operating revenue of RMB 19 billion and incurring operating costs of RMB 15.2 billion in 2023[87] - The global LNG trade volume is projected to reach 419 million tons in 2023, with a compound annual growth rate of 6.8% from 2022 to 2027[84] Governance and Compliance - The company has established five specialized committees within the board, including the Audit Committee and the Remuneration and Assessment Committee, to enhance governance and accountability[103] - The company maintained compliance with the corporate governance code throughout the year ending December 31, 2022[103] - The company’s board of directors is committed to enhancing shareholder value and has ensured that the roles of the chairman and CEO are held by different individuals to maintain independence[103]
中远海能(01138) - 2022 - 年度业绩