Summary by Moomoo AI
CHINA PETROLEUM GAS CO., LTD. (“CHINA PETROLEUM STOCK”) ANNOUNCED ITS ANNUAL RESULTS IN 2023, ACHIEVING AN OPERATING INCOME OF RMB3,011,012 MILLION, DOWN 7.0% FROM THE PREVIOUS YEAR. Net profit attributable to shareholders of the parent company reached RMB161,146 million, up 8.3% year-on-year, reaching an all-time high. Net cash flow generated by operating activities was RMB456,596 million, an increase of 16.0% year-on-year. Basic earnings per share were RMB 0.88. As of December 31, 2023, the total assets of the company were RMB 2,752,448 million, total liabilities were RMB 1,122,075 million, and the total shareholders' equity of the parent company was RMB 1,446,163 million. The Board of Directors proposes to pay a final dividend of RMB0.23 per share. China Petroleum Corporation said that it will continuously optimize production operations, further promote quality improvement, maintain safe, smooth and efficient operation of the two major oil and gas industry chains, and actively seize energy transformation and market opportunities, and steadily advance strategic transformation and accelerate the development of new energy and new materials business.
