MI Energy (01555) announced its annual results for the year ended December 31, 2023. The group obtained customers during the period...
According to the Zhitong Finance App, MI Energy (01555) announced its annual results for the year ended December 31, 2023. The group obtained customer contract revenue of 1,036 million yuan (RMB, same below), a year-on-year decrease of 27.62%; shareholders' losses of 158 million yuan; profit attributable to shareholders during the same period last year was 2,379 million yuan, a year-on-year profit of 2,379 million yuan, a year-on-year profit of 0.05 yuan.
According to the announcement, the revenue mainly comes from the sale of oil and gas products and services. The Group's oil and gas sales revenue all came from China's oil fields, down 394.1 million yuan or 27.6% from 1,429 billion yuan in the 2022 fiscal year to 1,0349 million yuan in the 2023 fiscal year, mainly due to lower oil prices and net crude oil sales. The average realized oil price for the 2023 fiscal year was 78.89 US dollars per barrel, and net crude oil sales were 1.9 million barrels; while the average realized oil price for the 2022 fiscal year was 93.97 US dollars per barrel, and net crude oil sales were 2.3 million barrels.