On March 30, the issuance of A-Shares of CNOOC (hereinafter referred to as CNOOC) was approved by the CSRC and is valid for 12 months from the date of approval. The CSRC issued a reply approving the company to publicly issue no more than 2.99 billion new shares (including new shares issued by exercising the over allotment option).
In terms of performance, thanks to the rise of international oil prices and good cost control, CNOOC’s profit in 2021 reached the best level in history.
The company’s annual revenue was 246111 billion yuan, a year-on-year increase of 58.4%; The net profit attributable to shareholders was 70.32 billion yuan, a year-on-year increase of 181.8%. After conversion, CNOOC makes a net profit of nearly 200 million yuan per day.
CNOOC has previously disclosed that it plans to be listed on the main board of Shanghai Stock Exchange and is expected to raise 35 billion yuan. The raised funds are mainly used for a number of oil and gas field development projects outside China, including Guyana payara oilfield, Liuhua 11-1 / 4-1 oilfield and Lingshui 17-2 gas field.
According to the data, CNOOC ranked 21st in the history of A-Shares in terms of the number of new shares issued this time. According to the estimated fund-raising amount previously disclosed by the company, it ranks 12th in the history of a shares.
a-share historical top 20 companies in terms of IPO number
a shares: the top 11 companies actually raising funds from historical new shares
performance reached the best level in history, with a net profit of 70.3 billion
CNOOC is one of the largest independent oil and gas exploration and production groups in the world. It is an upstream company engaged in exploration, development, production and sales of crude oil and natural gas.
Thanks to the rising international oil price and good cost control, CNOOC’s profit in 2021 reached the best level in history. In 2021, the company’s annual revenue was 246111 billion yuan, a year-on-year increase of 58.4%; The net profit attributable to shareholders was 70.32 billion yuan, a year-on-year increase of 181.8%; The basic earnings per share is 1.57 yuan.
The company seized the favorable opportunity of the recovery of international oil prices and realized oil and gas sales revenue of 222.1 billion yuan, a year-on-year increase of about 59.1%. In 2021, the company vigorously promoted the increase of reserves and production, and achieved a net output of 573 million barrels of oil equivalent in the whole year, with a year-on-year increase of about 8.5%, exceeding the annual oil and gas production target and reaching a new record. The company implemented cost reduction, quality improvement and efficiency increase, and its profitability was significantly enhanced. The main cost of oil barrel is 29.49 US dollars, and the operating cost of oil barrel is 7.83 US dollars, which further strengthens the cost competitive advantage.
It is worth mentioning that CNOOC said that the company’s sales revenue of about 10.531 billion yuan this year was obtained from Petrochina Company Limited(601857) by the exploration and production division and the trade business division.
In terms of dividends, in order to avoid affecting the progress of the issuance of RMB shares of the company, the board of directors decided not to recommend the payment of 2021 final dividend for the time being, and will announce the special dividend plan as soon as possible after the issuance of a shares, and declare the originally proposed 2021 final dividend and the special dividend for the 20th anniversary of listing in Hong Kong as special dividends.
At the same time, the company promises that in the next three years, on the premise that the proposed dividend for each year is approved by the general meeting of shareholders, the annual dividend payment rate will not be less than 40%, and the absolute value of the annual dividend will not be less than HK $0.70 per share (including tax).
“three barrels of oil” gathered on the Shanghai Stock Exchange, and the performance was in full bloom
With the approval of CNOOC to issue, “three barrels of oil” will gather together in A-Shares China Petroleum & Chemical Corporation(600028) , Petrochina Company Limited(601857) were listed on A-Shares on August 8, 2001 and November 5, 2007 respectively. CNOOC was previously listed on the Hong Kong Stock Exchange on February 28, 2001. As of the closing on March 30, the closing price of CNOOC (00883) was HK $11.12, with a total market value of HK $496.5 billion (about 402.8 billion yuan).
In contrast, Petrochina Company Limited(601857) , China Petroleum & Chemical Corporation(600028) are much larger Petrochina Company Limited(601857) 101 trillion yuan, ranking 8th in the A-share market Roughly half of the market value of the former is 60000 3 yuan. Compared with CNOOC and China Petroleum & Chemical Corporation(600028) , Petrochina Company Limited(601857) is far ahead in terms of the number of new shares issued and the amount of funds raised. In 2007, Petrochina Company Limited(601857) issued a total of 4 billion new shares when it was first listed on the A-share market, and the actual fund raised was as high as 66.8 billion yuan.
In 2021, the international crude oil price fluctuated upward. The spot price of Platts Brent crude oil averaged $70.7 per barrel for the whole year, up 69.7% year-on-year. Meanwhile, in the context of energy transformation, domestic natural gas demand continues to grow rapidly. Affected by this, the performance of the two companies is also outstanding The China Petroleum & Chemical Corporation(600028) annual report shows that the company’s performance in 2021 reached the best level in nearly 10 years. In 2021, China Petroleum & Chemical Corporation(600028) turnover and other operating income were RMB 2.74 trillion, and the profit attributable to shareholders of the company was RMB 71.975 billion, an increase of 115.2% over the previous year.
the performance forecast released by Petrochina Company Limited(601857) shows that last year’s performance reached the best level in the same period of nearly seven years. The company expects that the net profit in 2021 will increase by 71 billion yuan to 75 billion yuan compared with the same period of last year, with a year-on-year increase of 374% – 395%; The annual net profit after deducting non profits will increase by 110 billion yuan to 120 billion yuan year-on-year, so as to turn losses into profits. It is reported that the net profit of Petrochina Company Limited(601857) 2020 is 19.002 billion yuan, while the net profit after deduction is 11.991 billion yuan. According to this calculation, the profit level of the company in 2021 will reach 90 billion yuan – 94 billion yuan; The net profit after deducting non-profit is between 98 billion yuan and 108 billion yuan. It is worth mentioning that the annual report of Petrochina Company Limited(601857) 2021 will be disclosed on April 1
500 billion giant IPO approved, three barrels of oil gathered a shares! The most complete interpretation of the ten highlights of “Big Mac”
