6-K
PETROCHINA CO LTD (PCCYF)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OFFOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of July 2021
Commission File Number: 001-15006
PETROCHINA COMPANY LIMITED
9 DongzhimenNorth 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<br>Number | |
|---|---|
| 99.1 | Advance notice for estimated profit of the interim 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: July 2, 2021 | By: | /s/ CHAI Shouping |
| Name: | CHAI Shouping | |
| Title: | Company Secretary |
EX-99.1
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and TheStock 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 inreliance 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 INTERIM RESULTS OF 2021
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).
IMPORTANT NOTICE
(1) It is estimated that the net profit attributable to equity holders of the Company for the first half of 2021 will increase by an amount between RMB75 billion and RMB90 billion, turning losses into profit, as compared with the same period of the previous year.
(2) The estimated growth in profit of the Company is primarily due to that the Company seized the favorable opportunity of the recovery of macroeconomy, the significant increase of international crude oil prices and the market demand of oil and gas, optimized the operating efficiency of the oil and gas industry chain, and vigorously implemented quality improvement and profitability enhancement. Most of the oil and gas products of the Company realized the increase in both quantity and profitability.
I. ESTIMATED RESULTS OF THIS PERIOD
- Period of the Estimated Results
From 1 January 2021 to 30 June 2021.
- 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 the first half of 2021 will increase by an amount between RMB75 billion and RMB90 billion, turning losses into profit, as compared with the same period of the previous year.
(2) The net profit attributable to equity holders of the Company after deduction of non-recurring loss/profit will increase by an amount between RMB68 billion and RMB82 billion as compared with the same period of the previous year.
- 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 PERIODSOF THE PREVIOUS YEARS
Unit: RMB100 million
| Item | First half of<br>2020 | First half of<br>2019 | |||
|---|---|---|---|---|---|
| Net (loss)/profit attributable to equity holders of the Company | (299.86 | ) | 284.20 | ||
| Net (loss)/profit attributable to equity holders of the Company after deduction of non-recurring loss/profit | (317.90 | ) | 303.86 | ||
| (Loss)/earnings per share (RMB) | (0.164 | ) | 0.155 |
III. MAIN REASONS FOR THE INCREASE OF ESTIMATED RESULTS OF THIS PERIOD
In the first half of 2021, benefited from the increase in demand brought about by the recovery of the world economy, the average price of international crude oil increased significantly year-on-year. At the same time, the domestic economy continued to maintain a steady growth momentum, and the market demand for oil and gas products improved significantly. The Company firmly seized the favorable opportunities of macroeconomic recovery, growth in demand for oil and gas products, and rebound in crude oil prices, adhered to the five development strategies of innovation, resources, market, internationalization, green and low-carbon, continued to optimize production and operation, further promoted quality improvement and profitability enhancement and vigorously strengthened the cost control of the entire industry chain. The sales and prices of most of the Company’s oil and gas products have increased year-on-year, and the operating results have increased significantly year-on-year and compared with the same period of 2019. In addition, the subsidiary of the Company, Kunlun Energy Co., Ltd., completed the transfer and closing of the equity interests in pipeline assets, which also contributed to performance growth.
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 2021 interim 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
1 July 2021
As at the date of this announcement, theBoard comprises Mr. Dai Houliang as Chairman; Mr. Duan Liangwei, Mr. Liu Yuezhen and Mr. Jiao Fangzheng as non-executive Directors; Mr. Huang Yongzhang as executive Director; andMs. Elsie Leung Oi-sie, Mr. Tokuchi Tatsuhito, Mr. Simon Henry, Mr. Cai Jinyong and Mr. Jiang, Simon X. as independent non-executive Directors.