中国石化(600028) - 2024 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2024 was RMB 789,967 million, a slight decrease of 0.2% compared to RMB 791,331 million in Q1 2023[3] - Net profit attributable to shareholders of the parent company decreased by 8.9% to RMB 18,316 million from RMB 20,102 million year-on-year[3] - The net profit excluding non-recurring gains and losses was RMB 18,186 million, down 7.8% from RMB 19,716 million in the same period last year[3] - Basic and diluted earnings per share were both RMB 0.153, down 8.9% from RMB 0.168 in the previous year[3] - Net profit for Q1 2024 was RMB 21,360 million, down 6.57% from RMB 22,864 million in Q1 2023[26] - The total comprehensive income for the first quarter of 2024 was RMB 21,028 million, down from RMB 22,338 million in the same period of 2023, a decrease of 5.9%[37] - The company's net profit according to Chinese accounting standards for the first quarter of 2024 was CNY 21,360 million, down from CNY 22,864 million in the same period of 2023[50] Cash Flow and Investments - Operating cash flow for the quarter was negative RMB 13,755 million, an improvement from negative RMB 18,397 million in Q1 2023[3] - Total cash inflow from investment activities was RMB 21,238 million, significantly higher than RMB 8,287 million in the previous year, while cash outflow was RMB 64,320 million compared to RMB 62,576 million[29] - The financing activities generated a net cash inflow of RMB 45,931 million, down from RMB 82,285 million in the same period last year, with total cash inflow of RMB 196,695 million compared to RMB 228,468 million[30] - The company’s cash and cash equivalents decreased to RMB 58,182 million from RMB 65,753 million at the end of 2023[24] - The company's cash and cash equivalents at the end of the period were RMB 110,964 million, compared to RMB 101,935 million at the end of the same period last year[30] Production and Sales - The total oil and gas equivalent production in Q1 2024 is 128.78 million barrels, representing a year-on-year increase of 3.4%[11] - The company's crude oil production in Q1 2024 is 70.36 million barrels, with domestic production at 63.11 million barrels, up 2.0% year-on-year[11] - The natural gas production in Q1 2024 is 3,504.6 billion cubic feet, reflecting a year-on-year growth of 6.0%[10] - The refining segment processed 63.30 million tons of crude oil in Q1 2024, an increase of 1.7% compared to the same period in 2023[12] - The total sales volume of refined oil products in Q1 2024 is 59.81 million tons, showing a year-on-year increase of 6.5%[12] - Domestic refined oil sales amounted to 45.58 million tons, up 2.3% from 44.57 million tons year-on-year[13] Assets and Liabilities - Total assets increased by 3.3% to RMB 2,094,106 million compared to RMB 2,026,674 million at the end of 2023[3] - The company’s total liabilities stood at RMB 1,102.5 billion, up from RMB 1,068.0 billion year-on-year[22] - The total current assets reached RMB 608.1 billion, compared to RMB 534.4 billion at the end of 2023[21] - The total assets as of March 31, 2024, were CNY 991,640 million, an increase from CNY 958,655 million as of December 31, 2023[51] Shareholder Information - As of the end of the reporting period, the total number of shareholders is 374,014, with the top ten shareholders holding 68.23% of the shares[8] - The company issued 2,390,438,247 A shares to China Petroleum Group, increasing the total share capital from 119,349,251,646 shares to 121,739,689,893 shares[9] Segment Performance - The exploration and development segment reported an operating profit of RMB 12,706 million, up from RMB 11,447 million year-over-year[35] - The refining segment's operating profit decreased to RMB 6,412 million from RMB 9,836 million in the previous year[35] - The marketing and distribution segment generated an operating profit of RMB 7,947 million, slightly down from RMB 8,062 million year-over-year[35] - The chemical segment reported an EBIT loss of RMB 1.609 billion, reflecting the challenging market conditions[13] - The chemical segment reported an operating loss of RMB (1,564) million, an improvement from a loss of RMB (1,780) million in the previous year[45] Capital Expenditures and Future Plans - Capital expenditures for the first quarter totaled RMB 20.5 billion, with RMB 13.5 billion allocated to exploration and development projects[16] - The company aims to reduce carbon emissions intensity by 5% and methane emissions intensity by 20% by 2028 as part of its green enterprise action plan[19]