重要内容提示： 郑州煤矿机械集团股份有限公司（以下简称"公司"）已于 2023 年 03 月 30 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 04 月 10 日下午 14:00-15:00 举 行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 郑州煤矿机械集团股份有限公司 Zhengzhou Coal Mining Machinery Group Co., Ltd. 证券代码：601717 证券简称：郑煤机 公告编号：临 2023-022 郑州煤矿机械集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点、方式 1 会议召开时间：2023 年 04 月 ...

Financial Performance - The company's revenue for 2022 was RMB 32,043.31 million, an increase of RMB 2,749.78 million (9.39%) compared to 2021[2]. - The profit attributable to shareholders for 2022 was RMB 2,538.24 million, an increase of RMB 590.45 million (30.31%) from 2021[2]. - The basic earnings per share for 2022 was RMB 145.38, up from RMB 112.42 in 2021[4]. - The total comprehensive income for the year was RMB 2,946.04 million, compared to RMB 2,155.16 million in 2021[4]. - The total revenue for the year ended December 31, 2022, was RMB 32,043,306 thousand, compared to RMB 29,293,527 thousand for the year ended December 31, 2021, representing an increase of about 9.5%[13][14]. - The company reported a total comprehensive profit of RMB 2,628,005 thousand for the year ended December 31, 2022, compared to RMB 2,069,868 thousand in 2021, reflecting an increase of about 27.0%[18]. - Profit before tax rose by 17.79% from RMB 2,623.32 million in 2021 to RMB 3,090.08 million in 2022[54]. - The effective tax rate decreased from 21.10% in 2021 to 14.95% in 2022, with tax expenses falling by 16.51% from RMB 553.45 million to RMB 462.07 million[55]. Assets and Liabilities - Non-current assets totaled RMB 10,270.31 million as of December 31, 2022, an increase from RMB 9,407.76 million in 2021[5]. - Current assets amounted to RMB 34,199.28 million, up from RMB 27,922.55 million in 2021[5]. - The total assets of the company reached RMB 44,469.59 million, compared to RMB 37,330.31 million in 2021[5]. - Total liabilities increased to RMB 25,831,308 thousand in 2022, up from RMB 21,679,337 thousand in 2021, representing a growth of approximately 19.9%[6]. - Current liabilities rose to RMB 19,585,740 thousand in 2022, compared to RMB 15,078,373 thousand in 2021, marking an increase of about 30.3%[6]. - Non-current liabilities decreased to RMB 6,245,568 thousand in 2022 from RMB 6,600,964 thousand in 2021, a decline of approximately 5.4%[6]. - The company's equity attributable to shareholders increased to RMB 17,807,267 thousand in 2022, up from RMB 14,795,491 thousand in 2021, reflecting a growth of around 20.4%[6]. Revenue Breakdown - Revenue from automotive parts sales was RMB 15,170,886 thousand in 2022, compared to RMB 16,080,408 thousand in 2021, indicating a decrease of about 5.6%[13][14]. - Revenue from hydraulic supports sales was RMB 9,239,798 thousand in 2022, down from RMB 6,873,987 thousand in 2021, showing an increase of approximately 34.5%[13][14]. - Revenue from the Chinese market reached RMB 21,716,648 thousand in 2022, compared to RMB 19,929,645 thousand in 2021, marking a growth of about 9.0%[20]. - The company reported a significant increase in export business revenue, reaching 590 million RMB, a year-on-year growth of 34%[67]. - New energy business revenue approximately reached 190 million RMB, reflecting a year-on-year growth of about 130%[67]. Expenses and Costs - Research and development expenses for 2022 were RMB 1,385.96 million, an increase from RMB 1,271.74 million in 2021[3]. - Sales cost rose by 10.43% from RMB 23,221.70 million in 2021 to RMB 25,644.60 million in 2022[46]. - Gross profit increased by 5.38% from RMB 6,071.83 million in 2021 to RMB 6,398.71 million in 2022, with a decline in overall gross margin from 20.73% to 19.97%[47]. - Other income rose by 23.67% from RMB 385.25 million in 2021 to RMB 476.43 million in 2022, mainly due to increased government subsidies and interest income[48]. - Administrative expenses decreased by 16.46% from RMB 1,284.32 million in 2021 to RMB 1,072.97 million in 2022[51]. - Other losses increased significantly by 3,257.59% from a loss of RMB 3.58 million in 2021 to a loss of RMB 120.03 million in 2022, primarily due to goodwill impairment[49]. Dividends and Shareholder Information - The board proposed a final dividend of RMB 5.60 per 10 shares for the year ending December 31, 2022, totaling approximately RMB 998 million, subject to shareholder approval[89]. - The total dividend proposed for the year ended December 31, 2022, is RMB 998,057,743.20, with a proposed final dividend of RMB 0.56 per share, up from RMB 0.435 per share in 2021[30]. - The company will withhold a 10% personal income tax on dividends distributed to H-share individual shareholders unless otherwise specified by tax regulations or agreements[91]. - For investors under the Shanghai-Hong Kong Stock Connect, the company will also withhold a 10% tax on dividends, with the possibility of tax refunds for those eligible under tax treaties[92]. Corporate Governance and Compliance - The company has adopted corporate governance codes to maintain high standards of governance, ensuring compliance with relevant regulations[87]. - The audit committee has reviewed the accounting principles and policies adopted by the group for the year ended December 31, 2022[95]. - The financial statements for the year ended December 31, 2022, have been audited by PricewaterhouseCoopers, confirming consistency with the preliminary announcement[95]. - The company is committed to ensuring compliance with international financial reporting standards and Chinese accounting standards[96]. Strategic Goals and Future Outlook - The company aims to achieve a strategic goal of RMB 50 billion over the next 5 years, focusing on new energy and high-quality development[60]. - The company is advancing its digital transformation, integrating data across product design, production, supply chain, and customer service to drive business process changes[63]. - The company aims to achieve a development target of "500 billion in 5 years" by enhancing innovation and accelerating digital transformation in high-end intelligent equipment manufacturing[72]. - The coal machinery sector is expected to experience rapid development driven by intelligence and internationalization over the next 5 years, with a focus on integrated solutions and service-oriented approaches[73]. - The automotive parts segment is undergoing transformation to capitalize on the global trend of electrification, with a commitment to expanding new energy vehicle components and systems integration[74]. Risk Management and Operational Strategies - The company is enhancing its comprehensive risk management system to ensure legal compliance and asset safety, supporting its strategic objectives[85]. - The company is committed to building organizational capabilities, enhancing digital and human resource capabilities to create more certainty in response to environmental uncertainties[82]. - The company is focusing on technological innovation to enhance its competitive advantage, establishing a technical system aligned with its five-year strategic plan and promoting product innovation in areas such as smart mining and various specialized robots[82].

Financial Performance - The proposed cash dividend for the 2022 fiscal year is CNY 0.56 per share, totaling CNY 998,057,743.20, which accounts for 39.32% of the net profit attributable to shareholders[4]. - The company achieved total operating revenue of RMB 32.04 billion in 2022, representing a year-on-year increase of 9.39%[28]. - The net profit attributable to shareholders reached RMB 2.54 billion, marking a 30.31% increase compared to the previous year[28]. - The net cash flow from operating activities was RMB 2.26 billion, a decrease of 23.65% from RMB 2.95 billion in 2021[19]. - The company's total assets increased by 20.88% to RMB 44.30 billion at the end of 2022, up from RMB 36.65 billion in 2021[19]. - The basic earnings per share rose to RMB 1.446, reflecting a growth of 29.80% from RMB 1.114 in 2021[20]. - The weighted average return on equity increased by 1.68 percentage points to 15.74% in 2022[20]. - The net assets attributable to shareholders grew by 20.36% to RMB 17.81 billion at the end of 2022[19]. - The company reported non-recurring gains of RMB 521.91 million in 2022, significantly higher than RMB 154.58 million in 2021[26]. Corporate Governance - The company has established a modern corporate governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[98]. - The board of directors comprises 6 non-independent directors, 1 employee director, and 4 independent directors, meeting legal requirements for composition[98]. - The supervisory board consists of 4 shareholder representatives and 3 employee representatives, fulfilling legal requirements for oversight[98]. - The company has committed to maintaining independence in personnel, assets, finance, organization, and business operations following the transfer of control to Hongyi Investment and Henan Assets[100]. - The company has not faced any significant differences in governance compared to regulatory requirements, ensuring compliance and transparency[99]. Strategic Initiatives - The company plans to continue its digital transformation and innovation to ensure stable growth in operating performance[28]. - The company has set a strategic goal of achieving 50 billion RMB in the next 5 years, focusing on high-quality development in the context of "dual carbon" initiatives[29]. - The establishment of a partnership mechanism aims to enhance capital strength and internal motivation, with a mixed ownership reform implemented in its subsidiary, Zhengzhou Coal Machine Hydraulic Electric Control Co., Ltd.[30]. - The company is exploring capital market opportunities to enhance investment value and expand its business scale[86]. - The company aims to enhance its market competitiveness and profitability by focusing on emerging sectors such as "new energy, high-tech equipment, and intelligent equipment" under the "dual carbon" initiative[91]. Environmental Responsibility - The company has implemented a solid waste management system with a centralized collection and disposal process, ensuring compliance with environmental regulations[161]. - The company has established specialized storage areas for hazardous waste, ensuring proper management and compliance with regulations[161]. - The company achieved 100% compliance in pollutant discharge from all pollution sources, with organized collection and treatment facilities in place[162]. - The company has reported zero instances of exceeding pollutant discharge standards, ensuring all emissions are compliant with environmental regulations[154]. - The company has been recognized as an "environmental integrity enterprise" by the environmental authorities, reflecting its commitment to environmental protection[169]. Market Expansion - The company recorded a 34% year-on-year increase in export revenue, reaching 590 million RMB, despite a decline in domestic commercial vehicle sales[35]. - The new energy business saw a revenue increase of approximately 130%, reaching about 190 million RMB, driven by the expansion into the electric vehicle parts market[35]. - The company is expanding its market presence, targeting new regions in Asia and Europe, with plans to increase market share by 10% in these areas[109]. - The company aims to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2024[110]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies and product development[108]. - Research and development expenses totaled ¥1,457,402,749.18, accounting for 4.55% of total revenue[61]. - The company is exploring partnerships with technology firms to leverage AI and machine learning in its operations, aiming for a 15% efficiency improvement by 2024[113]. - The company has established a comprehensive environmental management system certified by ISO14001, promoting green development and resource conservation[186]. Employee Relations - The total number of employees in the company and its main subsidiaries is 15,518, with 2,220 in the parent company and 13,298 in subsidiaries[131]. - The company has established a diversified compensation mechanism to motivate various personnel, including an annual salary system for middle and senior management[132]. - The company has a complete training system to support employee development, integrating training with assessment and compensation[134]. - The company has engaged in partnerships with several vocational schools to enhance employment opportunities for students through practical training[192]. Risk Management - The company faces risks from economic policy changes, market downturns, and increased competition in both coal machinery and automotive parts sectors, which could impact growth[95]. - To mitigate risks, the company plans to enhance R&D efforts, optimize production processes, and strengthen its global management system to ensure financial safety and efficiency[96]. - The company has established a risk compliance management system covering its subsidiaries, conducting regular internal audits to ensure compliance[149]. Social Responsibility - The company made a total donation of 72,000 RMB (approximately 10,000 USD) for community service activities, including support for elderly care[194]. - The company has committed to various social responsibility initiatives, including educational support and community service, reflecting its dedication to corporate social responsibility[191]. - The company organized a tree-planting event in March 2022, with participation from over 70 employees, to promote environmental awareness[194].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 8,243,856,988.56, representing a year-on-year increase of 19.39%[5] - The net profit attributable to shareholders for Q3 2022 was CNY 497,408,525.06, an increase of 32.65% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 494,080,303.35, reflecting a 34.62% increase year-on-year[5] - The basic earnings per share for Q3 2022 was CNY 0.282, up 33.65% from the previous year[5] - The total operating revenue for the first three quarters of 2022 increased by 179,801.68 million RMB, representing an 8.18% growth compared to the same period last year[12] - Net profit for the first three quarters of 2022 increased by 33,374.18 million RMB, reflecting a growth of 19.73% compared to the previous year[13] - The net profit attributable to the parent company's shareholders rose by 38,476.09 million RMB, marking a 24.40% increase year-on-year[13] - Total revenue for the first three quarters of 2022 reached ¥23,788,727,333.95, an increase of 8.2% compared to ¥21,990,710,516.10 in the same period of 2021[22] - Operating revenue for the first three quarters of 2022 was ¥23,773,242,674.50, up from ¥21,975,873,524.42 in 2021, reflecting a growth of 8.2%[22] - Net profit for Q3 2022 reached approximately ¥2.03 billion, compared to ¥1.69 billion in Q3 2021, reflecting a year-over-year increase of around 20.0%[24] - The company’s total comprehensive income for the first three quarters of 2022 was ¥2,470,993,417.80, compared to ¥1,490,002,042.61 in the previous year, reflecting a growth of 66%[34] Assets and Liabilities - The total assets as of September 30, 2022, were CNY 41,821,704,955.09, a 14.12% increase from the end of the previous year[6] - The equity attributable to shareholders increased to CNY 17,122,523,852.85, marking a 15.73% rise compared to the previous year[6] - Total assets reached ¥41,821,704,955.09, up from ¥36,648,006,158.09, marking an increase of 14.9%[21] - Total liabilities increased to ¥23,892,507,308.51 from ¥20,997,028,518.56, reflecting a growth of 13.7%[21] - The total assets increased to ¥31,546,716,703.46, compared to ¥26,832,367,843.57 at the end of the previous year, reflecting a growth of 17.5%[32] - The total equity increased to ¥17,587,309,617.92, up from ¥15,696,684,694.19, representing an increase of 12%[32] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,082,106,900.62, showing a significant increase of 38.28%[5] - The net cash flow from operating activities was 1,082,106,900.62 CNY, an increase of 38.4% compared to 782,542,096.02 CNY in the previous year[28] - The company’s cash flow from financing activities improved to 36,723.46 million RMB, compared to a negative cash flow of -27,382.13 million RMB in the previous year[11] - The net cash flow from financing activities was 367,234,572.16 CNY, a significant improvement from a negative 273,821,283.69 CNY in the same period last year[28] - The company reported a net cash outflow from investing activities of ¥446,423,645.67, an improvement from a net outflow of ¥2,337,290,331.31 in the same period of 2021[37] Segment Performance - The coal machinery segment's operating revenue rose by 278,598.37 million RMB, a 29.19% increase, driven by sustained demand in the coal industry[12] - The automotive parts segment's revenue decreased by 98,796.69 million RMB, a decline of 7.94% due to a sluggish commercial vehicle market[13] Investments and Acquisitions - The company has completed the acquisition of a 43.33% stake in Luoyang LYC Bearing Co., Ltd. for a total price of RMB 1,006.67 million[16] - The company’s investment in the acquisition of LYC Bearing is expected to enhance its market position in the machinery sector[16] - The company has established an employee stock ownership plan to support the capital increase of its subsidiary[17] Shareholder Information - The company reported a total of 22,399,200 shares held by the largest shareholder, accounting for 19.47% of the total share capital[15] - As of the end of the reporting period, the total number of A-share registered shareholders was 37,635, and H-share registered shareholders was 57, totaling 37,692 shareholders[15] - The company’s major shareholders include HKSCC Nominees Limited, holding 220,757,990 shares, representing foreign investment[15] Research and Development - Research and development expenses for Q3 2022 amounted to approximately ¥1.19 billion, up from ¥1.04 billion in Q3 2021, indicating a growth of about 14.4%[24] - Research and development expenses for the first three quarters of 2022 amounted to ¥361,629,476.19, which is a 29.2% increase from ¥279,862,456.92 in the same period of 2021[33]

Company Overview - Zhengzhou Coal Mining Machinery Group Company Limited is the largest hydraulic roof support manufacturer in China, focusing on coal mining and excavating equipment[3]. - The company was incorporated on December 28, 2008, and its A shares were listed on the Shanghai Stock Exchange on August 3, 2010, while H shares were listed on December 5, 2012[2]. - The company has a strong research and development capability, which is key to maintaining its leading position in the market[3]. - The company operates through subsidiaries engaged in the manufacturing and sale of auto parts, contributing to its diversified revenue streams[3]. - The established sales and service network of the company and its subsidiaries enhances its market presence and customer reach[3]. - The company is actively involved in trading steel and other raw materials, which supports its core manufacturing operations[3]. Financial Performance - The interim report includes a condensed consolidated statement of profit or loss and other comprehensive income, indicating the company's financial performance[5]. - For the six months ended June 30, 2022, the Group achieved sales revenue of RMB 15,538.29 million, representing an increase of 3.02% from the corresponding period of last year[9]. - Profit attributable to owners of the Company was RMB 1,464.55 million, representing an increase of 21.82% from the corresponding period of last year[9]. - Total comprehensive income for the period was RMB 1,826.37 million, compared to RMB 1,329.27 million in the previous year[43]. - The earnings per share for the period was RMB 0.84, up from RMB 0.69 in the previous year[43]. - The coal mining machinery segment achieved record highs in order volume, payment collection volume, total output value, total output, and operating income in the first half of 2022[16]. - The Company reported a 371% year-on-year increase in order volume in the international market, receiving orders from American and Turkish customers[19]. Strategic Focus and Innovation - The interim report outlines the company's strategic focus on innovation and technology development to enhance product offerings[5]. - The company aims to expand its market share in the coal mining equipment sector through continuous improvement and investment in advanced manufacturing processes[3]. - The Company laid the foundation for the intelligent manufacturing demonstration base project, which aims to enhance production efficiency and product quality[19]. - The Company established an organization and operation mechanism for the promotion of digital transformation in the coal mining machinery segment[19]. - The company plans to explore new industrial opportunities in the context of "dual-carbon" and develop new businesses in sectors like new energy and high-tech equipment[30]. Investment and Acquisitions - The Company participated in the mixed ownership reform of Luoyang Bearing, successfully completing the public delisting and transfer of 43.33% equity interest[15]. - The investment in Nanjing Bestway Intelligent Control Technology Co. Ltd. resulted in the Company holding approximately 6% of its shares after its listing on the ChiNext Board[11]. - The Company plans to jointly acquire 43.33% of Luoyang LYC Bearing Co., Ltd, investing RMB389 million for a 16.67% stake, with the transaction completed on August 25, 2022[93]. Financial Position and Liquidity - As of June 30, 2022, the Group had borrowing balances of RMB 6,845.10 million[37]. - The Group's net current assets were approximately RMB 10,801.62 million, down from RMB 12,844.18 million as of December 31, 2021[64]. - The current ratio decreased to 1.56 from 1.85, primarily due to an increase in current borrowings during the period[64]. - The outstanding borrowings as of June 30, 2022, amounted to RMB 6,845.10 million, with RMB 4,890.10 million classified as current[64]. - The Group's total current liabilities increased to RMB 19,429.43 million from RMB 15,078.37 million as of December 31, 2021[63]. Shareholder Information - As of June 30, 2022, the total number of shareholders was 40,410, with 40,353 holding A shares and 57 holding H shares[75]. - Henan Asset Management Co., Ltd. held 346,404,576 A shares, representing approximately 22.55% of the relevant class of shares and 19.47% of the total number of shares[77]. - The Board did not propose the payment of an interim dividend for the six months ended June 30, 2022[82]. Risk Management - The company monitors foreign exchange exposure primarily related to USD/RMB, EUR/RMB, and HKD/RMB[66]. - The company does not have a specific policy to manage interest rate risk but will consider hedging significant exposures if necessary[66]. - The company has policies to ensure sales are made to reputable and creditworthy customers, with appropriate financial strength and credit history[65]. Operational Efficiency - The company is committed to digital transformation, aiming to enhance operational efficiency and data utilization[33]. - The company will innovate business models and explore flexible investment mechanisms to enhance competitiveness and profitability[32]. - The company reported a significant increase in finance costs, totaling RMB 137,979 for the six months ended June 30, 2022, compared to RMB 150,397 in 2021, reflecting a decrease of approximately 8.3%[119]. Research and Development - Research and development expenses increased to RMB 786,638 from RMB 683,822 in 2021, showing a rise of 15.06%[97]. - Government grants related to assets received amounted to RMB 35,541,000, compared to RMB 22,697,000 in the previous year, reflecting a 56.5% increase[121]. Segment Performance - Revenue from the manufacture of coal mining machinery for the six months ended June 30, 2022, totaled RMB 7,868,947,000, compared to RMB 8,822,319,000 for the same period in 2021, indicating a decline of about 10.8%[159]. - The segment net profit excluding interest expense of redemption liabilities for the six months ended June 30, 2022, was RMB 1,519,088, compared to RMB 1,307,500 in 2021, reflecting an increase of about 16.1%[167].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 8,091,657,739.95, representing a 5.41% increase compared to CNY 7,676,725,085.99 in the same period last year[4] - Net profit attributable to shareholders was CNY 681,747,340.35, a 22.55% increase from CNY 556,310,975.22 year-on-year[4] - The company reported a 20.24% increase in net profit after deducting non-recurring gains and losses, reaching CNY 568,195,700.96[4] - Net profit for Q1 2022 increased by CNY 106.18 million, a growth of 17.56%, mainly attributed to the growth in the coal machinery segment[11] - The net profit attributable to the parent company increased by CNY 125.44 million, a growth of 22.55%, driven by the coal machinery segment's performance[11] - The net profit for Q1 2022 was approximately ¥710.83 million, an increase of 17.5% compared to ¥604.65 million in Q1 2021[22] - The total comprehensive income for Q1 2022 reached ¥735.37 million, up from ¥620.62 million in Q1 2021, reflecting a growth of 18.4%[22] - The basic earnings per share for Q1 2022 was ¥0.390, compared to ¥0.321 in Q1 2021, representing a 21.5% increase[22] Cash Flow - The net cash flow from operating activities increased by 47.00% to CNY 312,070,297.46, up from CNY 212,287,831.42 in the previous year[4] - Cash flow from operating activities for Q1 2022 was ¥312.07 million, an increase of 47.0% from ¥212.29 million in Q1 2021[23] - Cash inflow from investment activities in Q1 2022 was ¥2.48 billion, significantly higher than ¥1.49 billion in Q1 2021, marking a growth of 66.6%[24] - The net cash flow from financing activities in Q1 2022 was -¥612.22 million, a decrease compared to a positive cash flow of ¥876.24 million in Q1 2021[24] - The company reported a net increase in cash flow from operating activities of ¥312.07 million, indicating improved operational efficiency[23] - Cash inflow from operating activities for Q1 2022 was approximately $2.14 billion, a slight decrease of 3.15% compared to $2.21 billion in Q1 2021[30] - Net cash flow from operating activities increased to approximately $209 million, up 90.1% from $110 million in the same period last year[30] - Cash inflow from investment activities rose sharply to approximately $2.38 billion, compared to $1.17 billion in Q1 2021, marking a 103.6% increase[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 37,076,721,529.83, a 1.17% increase from CNY 36,648,006,158.09 at the end of the previous year[5] - The total assets as of the end of Q1 2022 were ¥37,076,721,529.83, compared to ¥36,648,006,158.09 at the end of Q1 2021, showing a growth of 1.2%[19] - Total liabilities for Q1 2022 were ¥20,749,802,153.81, a slight decrease from ¥20,997,028,518.56 in Q1 2021, representing a decline of 1.2%[19] - The company's total liabilities amounted to ¥11,610,030,405.80, which is an increase of 4.3% from ¥11,135,683,149.38 in the previous year[27] Research and Development - Research and development expenses for the coal machinery segment increased by 54.33% to CNY 20,634.30 million compared to CNY 13,370.25 million in the previous year[9] - R&D expenses for Q1 2022 increased by CNY 83.42 million, a growth of 25.64%, primarily due to increased investment in the coal machinery segment[10] - Research and development expenses in Q1 2022 were ¥408,748,005.74, which is a significant increase of 25.6% from ¥325,329,944.16 in Q1 2021[21] - Research and development expenses increased to ¥142,185,786.73 in Q1 2022, compared to ¥84,553,302.44 in Q1 2021, reflecting a growth of 68.1%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,226[12] - The company's cash and cash equivalents as of March 31, 2022, were CNY 3.50 billion, down from CNY 3.70 billion at the end of 2021[16] - The company's total current assets as of March 31, 2022, were approximately ¥2.30 billion, slightly down from ¥2.33 billion at the end of 2021[25] Investment Income - The company recorded non-recurring gains totaling CNY 113,551,639.39 after tax, with significant contributions from government subsidies and other income[6] - Investment income for Q1 2022 decreased by CNY 28.06 million, a decline of 49.43%, primarily due to reduced returns from financial products[11] - The company reported investment income of ¥162,018,732.49 in Q1 2022, significantly higher than ¥51,706,275.41 in Q1 2021, marking an increase of 213.5%[29] Operational Efficiency - The weighted average return on equity rose to 4.50%, an increase of 0.31 percentage points from 4.19% in the previous year[4] - The automotive parts segment's revenue decreased by 11.71% to CNY 412,783.03 million from CNY 467,511.60 million year-on-year[9] - Cash outflow for purchasing goods and services decreased significantly to approximately $1.04 billion, down 37.9% from $1.68 billion in Q1 2021[30] - Cash paid to employees increased significantly to approximately $624 million, compared to $126 million in the same period last year[30]

Financial Performance - The company's operating revenue for Q1 2022 was RMB 8,091,657,739.95, representing a 5.41% increase compared to RMB 7,676,725,085.99 in the same period last year[5]. - Net profit attributable to shareholders was RMB 681,747,340.35, up 22.55% from RMB 556,310,975.22 year-on-year[5]. - Basic earnings per share rose to RMB 0.390, a 21.50% increase from RMB 0.321 in the same quarter last year[5]. - Total operating revenue for Q1 2022 increased by 41,638.68 million RMB, a growth of 5.42% compared to Q1 2021, driven by a 32.07% increase in the coal machinery segment[11]. - Net profit for Q1 2022 increased by 10,618.36 million RMB, a growth of 17.56% year-over-year, primarily due to a 19.37% increase in net profit from the coal machinery segment[12]. - The coal machinery segment's total revenue for Q1 2022 was 396,896.55 million RMB, up 32.07% from 300,529.29 million RMB in Q1 2021[11]. - Net profit attributable to the parent company's shareholders for Q1 2022 increased by 12,543.63 million RMB, a growth of 22.55% year-over-year, mainly due to the coal machinery segment's profit growth[12]. - Total comprehensive income for Q1 2022 was ¥735,365,905.02, compared to ¥620,617,750.34 in Q1 2021, marking an 18.5% increase[21]. - The company reported total revenue from sales of goods and services of $1.98 billion in Q1 2022, up from $1.42 billion in Q1 2021, marking an increase of 39.4%[29]. Cash Flow and Investments - The net cash flow from operating activities increased by 47.00%, reaching RMB 312,070,297.46 compared to RMB 212,287,831.42 in the previous year[5]. - Cash flow from operating activities for Q1 2022 was $209.01 million, compared to $109.85 million in Q1 2021, indicating a rise of 90.1%[29]. - Cash inflow from investment activities totaled ¥2,476,406,895.32, compared to ¥1,489,430,972.63 in Q1 2021, reflecting a 66.2% increase[22]. - The net cash flow from investment activities was -¥316,962,910.30, an improvement from -¥1,138,651,142.50 in the previous year[23]. - Cash flow from investing activities showed a net outflow of $208.20 million in Q1 2022, an improvement from a net outflow of $911.04 million in Q1 2021[29]. Assets and Liabilities - Total assets at the end of Q1 2022 were RMB 37,076,721,529.83, reflecting a 1.17% increase from RMB 36,648,006,158.09 at the end of the previous year[6]. - The total current assets amounted to approximately CNY 26.16 billion, an increase from CNY 25.30 billion at the end of 2021, representing a growth of about 3.4%[18]. - Total liabilities decreased slightly to CNY 20.75 billion from CNY 20.99 billion, a reduction of approximately 1.1%[19]. - The total equity attributable to shareholders increased to CNY 15.74 billion from CNY 14.80 billion, marking a growth of about 6.4%[19]. - The total assets increased to ¥27,839,943,480.48, up from ¥26,832,367,843.57 year-over-year[26]. - The total liabilities amounted to ¥11,610,030,405.80, compared to ¥11,135,683,149.38 in the previous year[26]. Research and Development - R&D expenses rose by 8,341.81 million RMB in Q1 2022, marking a 25.64% increase year-over-year, with the coal machinery segment's R&D expenses up by 54.33%[11]. - The company's R&D expenses for Q1 2022 were ¥142,185,786.73, a significant increase from ¥84,553,302.44 in Q1 2021[26]. - The company plans to continue increasing R&D investment in the coal machinery segment to support future growth[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,226[13]. - The largest shareholder, Hongyi Investment Management (Henan) Partnership, held 277,195,419 shares, accounting for 15.58% of total shares[13]. - As of the end of the reporting period, the total number of A-share registered shareholders was 35,167, and H-share registered shareholders was 59, totaling 35,226 shareholders[15]. Other Financial Metrics - The weighted average return on equity was 4.50%, an increase of 0.31 percentage points compared to 4.19% in the previous year[5]. - Investment income for Q1 2022 decreased by 2,806.01 million RMB, a decline of 49.43%, with the coal machinery segment's investment income down by 1,658.64 million RMB[12]. - The company incurred a credit impairment loss of $15.84 million in Q1 2022, a decrease from $40.88 million in Q1 2021, showing a reduction of 61.2%[28].

Company Overview - Zhengzhou Coal Mining Machinery Group Company Limited is the largest hydraulic roof support manufacturer in China, focusing on coal mining and excavating equipment[4]. - The company was incorporated on December 28, 2008, and its A shares were listed on the Shanghai Stock Exchange on August 3, 2010, followed by H shares on December 5, 2012[3]. - The company engages in the manufacturing and sales of auto parts through its subsidiaries, expanding its market presence[4]. - The established operating history and extensive sales and service network contribute to the company's success in the coal mining equipment market[4]. - The company is involved in trading steel and other raw materials, diversifying its business operations[4]. Financial Performance - The Group recorded total revenue of RMB29,293.53 million for the year ended 31 December 2021, representing a year-on-year increase of 10.46%[12]. - Net profit attributable to shareholders of the listed company was RMB1,947.79 million, reflecting a year-on-year increase of 57.19%[12]. - The annual report includes a five-year financial highlights section, which will summarize key financial metrics[6]. - The total comprehensive income for the year increased to RMB 2,155.16 million in 2021 from RMB 1,274.07 million in 2020, marking a growth of 69%[118]. - Basic earnings per share improved to 112.42 RMB cents in 2021 from 71.52 RMB cents in 2020, reflecting a 57.3% increase[118]. Research and Development - The company has a strong research and development capability, which is key to maintaining its leading position in the market[4]. - The company aims to increase R&D investments to support the transition towards green, intelligent, efficient, and safe coal mining operations[78]. - Research and development expenses rose to RMB 1,437.96 million in 2021 from RMB 1,224.43 million in 2020, indicating a focus on innovation[118]. - The company is investing heavily in R&D, with a budget allocation of CNY 500 million for new product development and technological advancements in mining equipment[179]. Strategic Development - Future strategies may include market expansion and potential mergers and acquisitions to strengthen its competitive position[4]. - The strategic development plan includes international positioning, market-oriented governance, high-end industrial structure, and global human resources[11]. - The company aims for a development goal of "50 billion in 5 years" to promote high-quality and sustainable development[74]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive position in the industry[175]. Digital Transformation - The Company is focused on intelligent and digital transformation, strengthening technology and management innovation to promote high-quality development[11]. - A digital transformation strategy was fully implemented, covering all business processes and aiming to improve operational efficiency[25]. - The company has implemented a new digital strategy to improve operational efficiency, targeting a 15% reduction in production costs by 2023[179]. - The company plans to enhance its market competitiveness by developing intelligent products and manufacturing processes, integrating digital technology across the entire product lifecycle and value chain[90]. Corporate Governance - The Company completed a mixed ownership reform, transferring 16% of shares to Hong Yi Investment, enhancing its market-oriented governance structure[16]. - The new shareholding structure led to a replacement of the board of directors and supervisors, improving decision-making efficiency and checks and balances[17]. - The Company is dedicated to maintaining compliance with regulatory standards and improving corporate governance practices[175]. - The Company has established a robust supervisory framework to oversee its operations and compliance[191]. Market Expansion - The coal mining machinery segment achieved a 22% year-on-year increase in orders, with a 29% increase in receivables collection, both hitting new highs[28]. - The company achieved breakthroughs in the international market, exporting complete hydraulic roof supports to Australia and entering the Russian market for the first time with complete orders for scrapers[32]. - Market expansion efforts include entering two new international markets, aiming for a 5% increase in overseas sales by the end of 2022[179]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[198]. Corporate Social Responsibility - The company donated RMB1 million to support post-disaster reconstruction efforts in Zhengzhou following severe rainstorms, demonstrating its commitment to corporate social responsibility[52]. - The Zhima Street 1958 Innovation and Entrepreneurship Park project was recognized for its role in promoting innovation and entrepreneurship, enhancing the company's image and influence[51]. Leadership and Management - The Company has a strong leadership team with members holding significant experience in finance and management[175]. - The management team includes professionals with advanced degrees in economics and management, ensuring informed leadership[192]. - The Company is focused on expanding its market presence and enhancing its operational efficiency through strategic management[175]. - The independent directors are expected to play a crucial role in guiding the Company's strategic direction and risk management[186].