PETROCHINA(601857)2024-10-29 12:11Financial Performance - For the three months ended September 30, 2024, the operating revenue was RMB 702,410 million, a decrease of 12.4% compared to the same period last year[4]. - The net profit attributable to shareholders for the same period was RMB 43,911 million, down 5.3% year-on-year[4]. - The basic earnings per share for the third quarter was RMB 0.240, a decrease of 5.3% compared to RMB 0.253 in the same period last year[4]. - The net profit for the nine months ended September 30, 2024, was RMB 132,522 million, a slight increase of 0.7% compared to RMB 131,651 million in the previous year[4]. - The company achieved operating revenue of RMB 2,256.279 billion, with a net profit attributable to shareholders of RMB 132.522 billion, reflecting a 0.7% increase from RMB 131.651 billion in the previous year[11]. - Total revenue for the three months ended September 30, 2024, was RMB 702,410 million, a decrease from RMB 802,264 million in the same period of 2023, representing a decline of approximately 12.4%[21]. - Net profit for the same period was RMB 48,639 million, down from RMB 51,772 million in 2023, reflecting a decrease of about 6.3%[21]. - Total revenue for the nine months ended September 30, 2024, was RMB 2,256,279 million, a slight decrease from RMB 2,282,135 million in the same period of 2023, representing a decline of 1.1%[22]. - Net profit for the nine months ended September 30, 2024, increased to RMB 148,249 million, compared to RMB 146,355 million in 2023, reflecting a growth of 1.3%[22]. - Operating profit for the nine months ended September 30, 2024, was RMB 196,930 million, compared to RMB 193,342 million in 2023, an increase of 1.4%[22]. Cash Flow and Financial Position - The net cash flow from operating activities for the nine months ended September 30, 2024, was RMB 338,928 million, a decrease of 0.6% compared to RMB 341,000 million in the previous year[5]. - The company's cash and cash equivalents increased to RMB 309,050 million from RMB 258,797 million, representing a growth of approximately 19.4%[19]. - The total cash inflow from operating activities for the nine months ended September 30, 2024, was RMB 2,434,032 million, compared to RMB 2,450,627 million in 2023, indicating a decrease of 0.7%[25]. - The net cash flow from investing activities for the nine months ended September 30, 2024, was RMB (203,941) million, compared to RMB (165,279) million in 2023, representing an increase in cash outflow of 23.4%[25]. - The net cash flow from financing activities for the nine months ended September 30, 2024, was RMB (177,619) million, compared to RMB (132,593) million in 2023, indicating an increase in cash outflow of 33.9%[25]. - The cash and cash equivalents at the end of September 30, 2024, were RMB 94,273 million, down from RMB 114,769 million at the end of September 30, 2023, a decrease of 17.8%[26]. - The total cash inflow from operating activities for the nine months ended September 30, 2024, was RMB 1,561,994 million, an increase from RMB 1,483,215 million in 2023, representing an increase of 5.3%[26]. - The total cash outflow from investing activities for the nine months ended September 30, 2024, was RMB 187,413 million, compared to RMB 111,134 million in 2023, indicating an increase of 68.6%[26]. Assets and Liabilities - Total assets as of September 30, 2024, were RMB 2,776,702 million, an increase of 0.9% from RMB 2,752,448 million at the end of the previous year[5]. - The total equity attributable to shareholders of the parent company rose to RMB 1,325,422 million from RMB 1,291,608 million, reflecting an increase of about 2.6%[20]. - The company's total liabilities increased to RMB 715,325 million from RMB 689,007 million in the previous period[29]. - The total comprehensive income for the period was RMB 42,994 million, down from RMB 47,832 million in 2023, a decline of about 10.2%[21]. - The company reported a total non-current asset value of RMB 2,096,723 million, slightly up from RMB 2,093,928 million at the end of 2023[29]. - Current assets totaled RMB 679,979 million, an increase from RMB 658,520 million at the end of 2023[29]. Production and Sales - The total crude oil production reached 708.3 million barrels, a 0.3% increase from 706.0 million barrels in the same period last year, with domestic production at 585.4 million barrels, also up 0.3%[12]. - The company reported a sales volume of natural gas at 3,803.8 billion cubic feet, a 4.0% increase from 3,656.6 billion cubic feet year-on-year[12]. - The oil and gas and new energy segment generated operating revenue of RMB 678.452 billion, a 4.7% increase from RMB 647.769 billion year-on-year[12]. - The refining and chemical segment generated revenue of RMB 923.88 billion, a 2.3% increase from RMB 902.76 billion in 2023[13]. - Total sales of gasoline, kerosene, and diesel amounted to 11,988.6 million tons, down 4.6% from 12,562.4 million tons in 2023[15]. - The company processed 1,036.2 million barrels of crude oil, a decrease of 0.7% from 1,043.6 million barrels in the previous year[14]. - The external operating revenue from the refining, chemical, and new materials segment was RMB 278,097 million, an increase of 19.2% from RMB 233,174 million in the previous year[32]. - The company reported a decrease in external operating revenue from the sales segment, which was RMB 1,467,303 million, down from RMB 1,568,257 million in the previous year[32]. Strategic Initiatives - The company signed contracts for oil product sharing in Suriname's shallow sea blocks 14 and 15, enhancing its overseas project acquisition efforts[12]. - The company continues to focus on cost control and efficiency improvements across its operations, contributing to sustained performance growth[11]. - The company is actively pursuing new product development and market expansion strategies, including the launch of new materials projects[13]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[32].