PETROCHINA(00857)2023-03-29 09:12Financial Performance - The company reported a pre-tax profit of RMB 2,500,861 million in 2022, compared to RMB 2,047,256 million in 2021, marking an increase of 22.1%[13]. - The pre-tax profit for 2022 was RMB 213,277 million, up 34.8% from RMB 158,203 million in 2021[15]. - The net profit attributable to shareholders was RMB 149,380 million, representing a significant growth of 62.1% from RMB 92,170 million in the previous year[47]. - The company's operating revenue for 2022 reached RMB 3,239,167 million, a growth of 23.9% from RMB 2,614,349 million in 2021[74]. - The basic earnings per share increased to RMB 0.82, up 62.1% from RMB 0.50 in 2021[47]. - The total dividend distribution to shareholders for 2022 was RMB 77,341 million, compared to RMB 41,476 million in 2021, reflecting a significant increase[16]. Assets and Liabilities - Non-current assets increased to RMB 2,059,618 million as of December 31, 2022, compared to RMB 2,021,424 million in 2021, reflecting a growth of 1.9%[11]. - Current assets rose to RMB 613,867 million in 2022, up from RMB 480,838 million in 2021, marking an increase of 27.7%[11]. - Total liabilities increased to RMB 624,263 million in 2022, compared to RMB 518,158 million in 2021, representing a growth of 20.5%[11]. - The company's total equity reached RMB 1,537,853 million as of December 31, 2022, compared to RMB 1,408,869 million in 2021, representing an increase of 9.2%[11]. - The company's total assets as of December 31, 2022, amounted to RMB 2,673,751 million, reflecting a 6.8% increase from RMB 2,502,262 million in 2021[74]. - The company's total liabilities as of December 31, 2022, were RMB 1,135,648 million, a 3.9% increase from RMB 1,093,409 million in 2021[175]. Cash Flow and Capital Expenditures - The company reported a net cash flow from operating activities of RMB 393,768 million, up 15.3% from RMB 341,469 million in 2021[47]. - The total capital expenditure for the year was RMB 274,307 million, reflecting a 9.2% increase from RMB 251,178 million in the previous year[168]. - Capital expenditures in the oil and gas and new energy segment reached RMB 221,592 million, focusing on exploration and development in key basins and new energy projects[146]. - The refining, chemical, and new materials segment had capital expenditures of RMB 41,771 million, primarily for transformation and upgrading projects[147]. Production and Sales - In 2022, the company's crude oil production reached 906.2 million barrels, an increase of 2.1% year-on-year[68]. - Domestic crude oil production reached 767.4 million barrels, a 1.9% increase from 753.4 million barrels in 2021[87]. - The total natural gas production was 4,675.0 billion cubic feet, a 5.8% increase from 4,420.0 billion cubic feet in 2021[87]. - The company sold 260.284 billion cubic meters of natural gas, a decrease of 5.0% compared to the previous year, while domestic sales increased by 6.4% to 207.096 billion cubic meters[96]. Strategic Initiatives and Future Outlook - The company aims to implement five major development strategies: innovation, resources, market, internationalization, and green low-carbon development[172]. - The company plans to enhance its main business, strengthen management, and focus on quality improvement, green transformation, digital transformation, and risk prevention[172]. - The company is committed to optimizing asset and business structures while expanding its market presence in regions like the Middle East, Central Asia, and the Americas[196]. - The company plans to enhance exploration and development in key basins such as Songliao, Ordos, and Tarim, focusing on unconventional resources and clean energy projects in 2023[196].