PETROCHINA COMPANY LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
2010
中國石油天然氣股份有限公司
PETROCHINA COMPANY LIMITED
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Hong Kong Stock Exchange Stock Code: 857
Shanghai Stock Exchange Stock Code: 601857)
Results Announcement for the year ended December 31, 2020
(Summary of the 2020 Annual Report)
1 Important Notice
1.1 This Results Announcement is a summary of the full version of the 2020 Annual Report. To get a full understanding of the operating results, financial position and future development plans of PetroChina Company Limited (the "Company"), investors should read the full version of the 2020 Annual Report carefully. The full version of the 2020 Annual Report is published on the websites of the Shanghai Stock Exchange (website:http://www.sse.com.cn),
"HKExnews" of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") (website:http://www.hkexnews.hk) and the Company (website:http://www.petrochina.com.cn).
1.2 The Board of Directors (the "Board" or "Board of Directors") of the Company, the supervisory committee ("Supervisory Committee") and the all directors ("Directors"), supervisors ("Supervisors") and senior management of the Company warrant the truthfulness, accuracy and completeness of the information contained in the annual report and that there are no material omissions from, or misrepresentation or misleading statements contained in the annual report, and jointly and severally accept full responsibility thereof.
1.3 Except that Mr. Jiao Fangzheng, a non-executive Director, was absent from the meeting due to the work arrangement, and Mr. Simon Henry, an independent non-executive Director, was absent from the meeting due to the impact of Coronavirus Disease 2019 (the "COVID-19") and timing differences, other members of the Board have attended the eighth meeting of the eighth session of the Board.
1.4 The financial statements of the Company and its subsidiaries (the "Group") have been
prepared in accordance with China Accounting Standards ("CAS") and International Financial
Reporting Standards ("IFRS"), respectively. The financial statements of the Group for 2020,
which have been prepared in accordance with CAS and IFRS, have been audited by KPMG Huazhen LLP and KPMG, respectively. Both firms have issued unqualified opinions on the
1
financial statements.
1.5 Corporate Information
The Company was established as a joint stock company with limited liability under the
Company Law of the People's Republic of China (the "PRC" or "China") on November 5, 1999 as part of the restructuring of China National Petroleum Corporation (its Chinese name 中國石 油天然氣集團公司 having been changed into 中國石油天然氣集團有限公司, abbreviated as "CNPC" before and after the change of name ). The Group is the largest oil and gas producer and seller occupying a leading position in the oil and gas industry in the PRC and one of the largest companies in the PRC in terms of revenue and one of the largest oil companies in the world. The Group principally engages in, among others, the exploration, development, production and sales of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sales of basic and derivative chemical products and other chemical products; the marketing and trading of refined products; and the transmission of natural gas, crude oil and refined products, and the sales of natural gas.
The American Depositary Shares (the "ADSs"), H shares and A shares of the Company were listed on the New York Stock Exchange, the Hong Kong Stock Exchange and Shanghai Stock Exchange on April 6, 2000, April 7, 2000 and November 5, 2007, respectively.
Stock name | PetroChina | PetroChina | PetroChina |
Stock code | 857 | PTR | 601857 |
Place of listing | Hong Kong Stock Exchange | The New York Stock Exchange, Inc. | Shanghai Stock Exchange |
Contact persons and means of communication | Secretary to the Board of Directors | Representative on Securities Matters | Chief Representative of the Hong Kong Representative Office |
Name | Chai Shouping | Liang Gang | Wei Fang |
Address | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, PRC | Suite 3705, Tower 2, Lippo Centre, 89 Queensway, Hong Kong | |
Postal code | 100007 | ||
Telephone | 86 (10) 5998 2622 | 86 (10) 5998 6959 | (852) 2899 2010 |
Facsimile | 86 (10) 6209 9557 | 86 (10) 6209 9559 | (852) 2899 2390 |
Email address | zhanghuayi@petrochina.com.cn | liangg@petrochina.com.cn | hko@petrochina.com.hk |
1.6 In overall view of the operating results, financial position, cash flow and gains from pipeline assets restructuring of the Company, to procure return for the shareholders, the eighth meeting of the eighth session of the Board recommends a final cash dividend of RMB0.08742 yuan (inclusive of applicable tax) per share for 2020 to all shareholders, based on the total share capital of the Company as at December 31, 2020, namely 183,020,977,818 shares. The total amount of cash dividend reaches RMB16 billion. The proposed final dividend is subject to shareholders' review and approval at the forthcoming 2020 annual general meeting to be held
on June 10, 2021.
2 Key Financial Data and Changes in Shareholders
2.1 Key Financial Data Prepared under IFRS
Items Revenue
Profit attributable to owners of the Company
Net cash flows from operating activities Basic earnings per share (RMB) Diluted earnings per share (RMB) Return on net assets (%)
1,933,836
Unit: RMB million
2,516,810
(23.2) 2,374,934
19,006
318,575
0.10
0.10
1.6
45,682
(58.4)
53,036
359,610
(11.4) 353,256
0.25
(58.4) 0.29
0.25
(58.4) 0.29
3.7 (2.1) percentage points 4.4
2,488,126 1,215,158
Equity attributable to owners of the Company
2,732,910 1,230,156
(9.0) 2,440,877
(1.2) 1,213,783
2.2 Key Financial Data Prepared under CAS
Items
Operating income Operating profit
Net profit attributable to equity holders of the Company
Net (loss)/profit after deducting non-recurring profit/loss items attributable to equity holders of the Company
Net cash flows from operating activities Weighted average returns on net assets (%)
Total share capital at the end of the period (hundred million share)
Basic earnings per share (RMB) Diluted earnings per share (RMB)
(23.2) 2,374,934
1,933,836 2,516,810
64,783 19,002
(11,991)
318,575 1.6
1,830.21
0.10 0.10
2,488,400 1,215,421
Equity attributable to equity holders of the Company
115,520 45,677
53,485
359,610 3.7
1,830.21
0.25 0.25
Unit: RMB million
(43.9) 136,382
(58.4) 53,030
(122.4) 66,645
(11.4) 353,256
(2.1)
-(58.4) 0.29
(58.4) 0.29
4.4
1,830.21
2,733,190 1,230,428
(1.2) 1,214,067
Items | First Quarter 2020 | Second Quarter 2020 | Third Quarter 2020 | Fourth Quarter 2020 |
Operating income | 509,098 | 419,947 | 497,125 | 507,666 |
Net (loss)/profit attributable to equity holders of the Company | (16,234) | (13,752) | 40,050 | 8,938 |
Net (loss)/profit after deducting non-recurring profit/loss items attributable to equity holders of the Company | (15,187) | (16,603) | 8,586 | 11,213 |
Net cash flows (used in)/generated from operating activities | (18,096) | 97,176 | 84,223 | 155,272 |
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PetroChina Company Ltd. published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 08:48:02 UTC.
