Revenue Growth - The innovative business segment, focusing on oilfield management, asset leasing, testing, and digital services, achieved a rapid growth of 37.4%, with its revenue contribution exceeding 51.0% of total revenue[13]. - In 2023, the company's overseas market revenue reached RMB 2,688.1 million, an increase of RMB 666.9 million or 33.0% compared to RMB 2,021.2 million in 2022, accounting for 60.6% of total revenue[21]. - Revenue from the Iraq market was RMB 2,210.9 million, up RMB 674.9 million or 43.9% from RMB 1,536.0 million in 2022, representing 49.8% of total revenue[24]. - The company recorded a decrease in revenue from other overseas markets, which amounted to RMB 477.2 million, down RMB 8.0 million or 1.7% from RMB 485.2 million in 2022, accounting for 10.8% of total revenue[25]. - The Chinese market revenue increased to RMB 1,746.7 million, a rise of RMB 253.0 million or 16.9% from RMB 1,493.7 million in 2022, representing 39.4% of total revenue[21]. - In 2023, Anton Oilfield Services Group achieved a revenue of RMB 4.43 billion, marking a historical high with a year-on-year increase of 26.2%[41]. - The company's revenue for 2023 was RMB 4,434.8 million, an increase of RMB 919.9 million or 26.2% compared to RMB 3,514.9 million in 2022[124]. Profitability and Financial Performance - The net profit attributable to shareholders, excluding one-time gains from a USD debt repurchase, was approximately RMB 200 million, reflecting an 18.5% year-on-year growth[41]. - Operating profit decreased to RMB 600.7 million, down RMB 64.5 million or 9.7% from RMB 665.2 million in 2022, primarily due to a one-time gain from a USD bond repurchase in 2022[51]. - Net profit fell to RMB 220.6 million, a decrease of approximately 25.9% from RMB 297.6 million in 2022[51]. - The company's equity holders' profit was RMB 196.5 million, down RMB 97.3 million or about 33.1% from RMB 293.8 million in 2022[51]. - Financial expenses for 2023 were RMB 195.1 million, a decrease of RMB 56.2 million or 22.4% from RMB 251.3 million in 2022[109]. - The company declared a dividend of RMB 0.013 per share, totaling RMB 39 million[41]. Operational Efficiency and Innovations - The company has accelerated its digital and intelligent transformation, launching a series of AI solutions tailored for the oil and gas industry[19]. - The real-time iterative fracturing technology has been applied in over 100 wells in various shale gas and oil fields, demonstrating significant results in risk control and efficiency enhancement[26]. - The company is focusing on cash flow management innovations to enhance liquidity and reduce cash outflow through meticulous management of operations and supply chains[73]. - The company aims to enhance operational efficiency through management reforms and optimization while expanding its global business[98]. - The company introduced eight comprehensive solutions for oil and gas development, focusing on sustainable development and AI integration[101]. Sustainability and Environmental Impact - The company achieved a 2.7% reduction in greenhouse gas emissions per unit compared to 2022, while indirectly helping clients reduce emissions by 19,972.4 tons of CO2 equivalent[20]. - The company is actively promoting green development solutions in its asset leasing business, aiming for net-zero emissions in oil and gas development[63]. - The company is committed to sustainable development, as highlighted in its separate sustainability report for 2023[198]. Market Strategy and Expansion - The company plans to further expand its global market presence, particularly in the Middle East, Central Asia, Africa, and Southeast Asia[43]. - The company anticipates ongoing opportunities in the oil and gas sector due to geopolitical conflicts and the global energy transition towards efficiency and sustainability[120]. - The group closely monitors market conditions and adjusts its market strategies accordingly to ensure stable business development[163]. Research and Development - The company invested RMB 111.7 million in R&D in 2023, a 39.1% increase from RMB 80.3 million in the previous year[97]. - Research and development expenses increased to RMB 111.7 million in 2023, up RMB 31.4 million or 39.1% from RMB 80.3 million in 2022[130]. Employee and Corporate Governance - The total number of employees as of December 31, 2023, was 6,510, an increase of 681 from the previous year, with overseas employees accounting for 51.7%[99]. - The company plans to continue focusing on talent recruitment and training, enhancing its workforce to support long-term sustainable development[119]. - The company has adhered to the Corporate Governance Code as per the listing rules during the fiscal year ending December 31, 2023[178]. Shareholder Information - The board proposed a final dividend of RMB 0.013 per share, totaling RMB 39 million for the year ended December 31, 2023, compared to no dividend in 2022[146]. - The company will suspend share transfer registration from May 30, 2024, to June 3, 2024, for shareholders entitled to the proposed final dividend[185].
安东油田服务(03337) - 2023 - 年度财报