Petrochina Co Ltd 6-K, filed Jan 12, 2022
Petrochina Co Ltd (PCCYF)
About this 6-K
Petrochina Co Ltd filed this 6-K on January 12, 2022.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January 2022
Commission File Number: 001-15006
PETROCHINA COMPANY LIMITED
9 Dongzhimen North Street, Dongcheng District
Beijing, The People’s Republic of China, 100007
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- )
EXHIBITS
| Exhibit |
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| 99.1 | Advance notice for estimated profit of the annual results of 2021. | |
FORWARD-LOOKING STATEMENTS
This announcement contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in these forward-looking statements as a result of a number of factors.
We do not intend to update or otherwise revise the forward-looking statements in this announcement, whether as a result of new information, future events or otherwise. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this announcement might not occur in the way we expect, or at all.
You should not place undue reliance on any of these forward-looking statements.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this announcement to be signed on its behalf by the undersigned, thereunto duly authorized.
| PetroChina Company Limited | ||||||
| Dated: January 12, 2022 | By: | /s/ CHAI Shouping | ||||
| Name: | CHAI Shouping | |||||
| Title: | Company Secretary | |||||
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, 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 document.
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)
(Stock Code: 857)
ADVANCE NOTICE FOR ESTIMATED PROFIT OF
THE ANNUAL RESULTS OF 2021
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This announcement is made by PetroChina Company Limited (the “Company” and, together with its subsidiaries, the “Group”) pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
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IMPORTANT NOTICE
(1) It is estimated that the net profit attributable to equity holders of the Company for 2021 will increase by an amount between RMB71.0 billion and RMB75.0 billion, representing an increase between 374% and 395%, as compared with the previous year; and will increase by an amount between RMB44.3 billion and RMB48.3 billion, representing an increase between 97% and 106% or a compound annual growth rate between 40% and 43%, as compared with 2019, achieving the best annual performance in the past 7 years.
(2) The estimated growth in profit of the Company is primarily due to that the Company seized the favorable market opportunities, optimized the operating efficiency of the oil and gas industry chains, and vigorously implemented quality improvement and profitability enhancement. Major oil and gas products realized the increase in both quantity and profitability.
I. ESTIMATED RESULTS OF THIS PERIOD
1. Period of the Estimated Results
From 1 January 2021 to 31 December 2021.
2. Estimated Results
(1) Based on preliminary estimation by the financial department of the Company and in accordance with PRC Accounting Standards for Business Enterprises, it is estimated that the net profit attributable to equity holders of the Company for 2021 will increase by an amount between RMB71.0 billion and RMB75.0 billion, representing an increase between 374% and 395%, as compared with the previous year; and will increase by an amount between RMB44.3 billion and RMB48.3 billion, representing an increase between 97% and 106% or a compound annual growth rate between 40% and 43%, as compared with 2019.
(2) The net profit attributable to equity holders of the Company after deduction of non-recurring loss/profit will increase by an amount between RMB110.0 billion and RMB120.0 billion as compared with the previous year.
3. The estimated results of this period are preliminary estimation of the Company and have not been audited by certified accountants.
II. RESULTS OF THE CORRESPONDING PERIOD OF THE PREVIOUS YEAR
1. Net profits attributable to equity holders of the Company: RMB19.002 billion. Net loss attributable to equity holders of the Company after deduction of non-recurring loss/profit: RMB11.991 billion.
2. Earnings per share: RMB0.10.
III. MAIN REASONS FOR THE INCREASE OF ESTIMATED RESULTS OF THIS PERIOD
In 2021, the international crude oil price continued to fluctuate upward, the domestic macroeconomy stably recovered and the demand for oil and gas products increased year-on-year. The Company firmly seized the favorable market opportunities, adhered to the market-oriented principles, centralized in profitability, coordinated production and operation, quality improvement and profitability enhancement, reform and innovation, green transformation and epidemic prevention and control. The Company vigorously strengthened the exploration and development of oil and gas, deeply promoted structure adjustment, transformation and upgrading of refining & chemicals, further strengthened marketing, coordinated and optimized the allocation of natural gas resources. The Company steadily promoted the business layout of new energy and new materials, fully exploited the synergies of business sectors, continuously reinforced the refined management of costs and expenses, and continuously consolidated asset quality. Oil and gas, the two industry chains of the Company, operated steadily and safely. The major oil and gas products realized the increase in both quantity and profitability. The major cost indicators continued to be effectively controlled. The operating results increased significantly, achieving the best annual performance in the past 7 years. At the same time, the Company actively performed its social responsibility and the ESG management was continuously being improved.
IV. RISK WARNINGS
There are no factors of material uncertainty in the Company that may affect the accuracy of this profit estimation.
V. OTHER MATTERS
The estimated results above are only preliminary estimation. Please refer to the audited 2021 annual report officially disclosed by the Company for specific and accurate financial information. Investors are reminded to exercise caution when making investment decisions.
| By order of the Board |
| PetroChina Company Limited |
| Company Secretary |
| Chai Shouping |
Beijing, the PRC
12 January 2022
As at the date of this announcement, the Board comprises Mr. Dai Houliang as Chairman; Mr. Hou Qijun as Vice Chairman and non-executive Director; Mr. Duan Liangwei, Mr. Liu Yuezhen and Mr. Jiao Fangzheng as non-executive Directors; Mr. Huang Yongzhang and Mr. Ren Lixin as executive Directors; and Ms. Elsie Leung Oi-sie, Mr. Tokuchi Tatsuhito, Mr. Simon Henry, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.