Financial Performance - Total revenue for the nine months ended September 30, 2023, was RMB 83,025 million, a decrease of 2.2% compared to the same period last year[3]. - Net profit attributable to the owners of the company for the current period was RMB 15,640 million, down 23.0% year-on-year[3]. - Basic and diluted earnings per share for the current period were RMB 0.787, a decline of 23.0% from the same period last year[3]. - The net profit attributable to the owners of the company under Chinese accounting standards for the first nine months of 2023 was RMB 48,269 million, down from RMB 59,152 million in the same period last year[6]. - Revenue for the first nine months of 2023 reached RMB 252,467 million, a 0.8% increase from RMB 250,489 million in 2022, driven by increased sales of purchased coal and electricity[7]. - The company reported a profit for the period of RMB 61,091 million, a decrease of 16.6% from RMB 73,326 million in the previous year[26]. - The total comprehensive income for the period was RMB 61,628 million, down 17.0% from RMB 74,269 million year-on-year[26]. - Basic earnings per share decreased to RMB 2.642, compared to RMB 3.160 in the previous year, reflecting a decline of 16.4%[26]. Operating Performance - Operating cash flow for the nine months was RMB 74,720 million, reflecting an 18.0% decrease compared to the previous year[3]. - Operating costs increased by 7.0% to RMB (172,175) million, primarily due to higher purchasing costs associated with increased sales volume of purchased coal and electricity[7]. - Gross profit decreased by 15.8% to RMB 53,135 million, resulting in a gross margin decline of 5.1 percentage points to 26.5%[16]. - Pre-tax profit fell by 18.0% to RMB 48,631 million compared to RMB 59,320 million in the previous year[16]. - The coal chemical segment's gross profit decreased significantly by 79.0% in the first nine months of 2023, primarily due to a drop in the sales price of polyolefin products[22]. Assets and Liabilities - Total assets attributable to the owners of the company as of September 30, 2023, were RMB 627,702 million, an increase of 0.4% from the end of the previous year[4]. - Equity attributable to the owners of the company was RMB 399,459 million, up 0.6% compared to the previous year-end[4]. - Non-current assets totaled RMB 427,101 million, an increase of 3.3% from RMB 414,270 million at the end of the previous year[27]. - Current assets decreased to RMB 200,601 million, down 4.9% from RMB 211,050 million at the end of the previous year[27]. - Total liabilities decreased to RMB 154,438 million, down from RMB 162,524 million at the end of the previous year, indicating a reduction of 4.2%[28]. Cash Flow and Investments - Cash and cash equivalents decreased by 20.4% to RMB 104,613 million, impacted by dividend payments and repayment of external loans[9]. - Net cash from operating activities for the nine-month period was RMB 89,689 million, a decrease of 15.1% from RMB 105,517 million in the previous year[29]. - The company reported a significant increase in construction in progress and exploration assets, totaling RMB 28,882 million, compared to RMB 20,843 million in the previous year[27]. Market and Sales Performance - The average selling price of coal in the first nine months of 2023 was RMB 583 per ton, down 7.3% from RMB 629 per ton in the same period of 2022[14]. - Domestic coal sales accounted for 98.1% of total sales in the first nine months of 2023, with a sales volume of 326.2 million tons[15]. - The company reported a 42.5% increase in purchased coal volume in Q3 2023, reaching 31.2 million tons compared to 21.9 million tons in Q3 2022[13]. - The total sales volume of polyethylene in the first nine months of 2023 was 269.1 thousand tons, a slight increase from 268.5 thousand tons in the same period of 2022[13]. - The total sales volume of polypropylene in the first nine months of 2023 was 257.4 thousand tons, unchanged from the same period in 2022[13]. Power Generation - The power generation segment saw significant profit growth due to lower coal purchase prices and increased electricity sales[5]. - The total electricity generation in Q3 2023 was 56.03 billion kWh, a decrease of 2.7% compared to 57.58 billion kWh in Q3 2022[13]. - The total power generation for the first nine months of 2023 was 155.08 billion kWh, an increase of 9.8% from 141.20 billion kWh in the same period of 2022[19]. - The average selling price of electricity in Q3 2023 was RMB 412 per MWh, a decrease of 2.4% from RMB 422 per MWh in Q3 2022[19]. - The company reported a significant increase in photovoltaic power generation, with a growth rate of 350.0% in Q3 2023 compared to the same period last year[19].

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 100 billion for the first half of 2023, representing a year-on-year growth of 15%[7] - Revenue for the first half of 2023 reached RMB 169,442 million, a 2.3% increase compared to RMB 165,579 million in the same period of 2022[13] - Profit for the period was RMB 42,724 million, representing a decrease of 13.7% from RMB 49,524 million in the previous year[13] - Net profit attributable to shareholders was RMB 36,861 million, down 13.3% from RMB 42,493 million in the first half of 2022[13] - Basic earnings per share decreased to RMB 1.855, a decline of 13.3% from RMB 2.139 in the same period last year[13] - Operating cash flow decreased by 20.6% to RMB 46,349 million from RMB 58,363 million in the first half of 2022[13] - Total revenue for the first half of 2023 was 169,442 million, compared to 165,579 million in the same period of 2022, reflecting a year-over-year increase of 1.1%[21] - The pre-tax profit for the first half of 2023 was 52,300 million, down from 55,729 million in the first half of 2022, indicating a decrease of 7.3%[21] - The total assets for the segments as of June 30, 2023, amounted to 666,128 million, an increase from 625,320 million as of December 31, 2022, representing a growth of 6.5%[21] - The total liabilities for the segments as of June 30, 2023, were 210,673 million, compared to 162,524 million as of December 31, 2022, showing an increase of 29.6%[21] Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, with plans to invest RMB 2 billion in new projects over the next two years[7] - A strategic acquisition of a local energy firm is underway, which is anticipated to enhance the company's operational capacity by 30%[7] - New product development includes the launch of a renewable energy initiative, expected to contribute an additional RMB 5 billion in revenue by the end of 2023[7] - The company has committed to enhancing its environmental responsibility, with a target to reduce carbon emissions by 25% by 2025[7] Operational Efficiency and Cost Management - The company has implemented new technologies aimed at improving operational efficiency, projected to reduce costs by 5% annually[7] - The debt-to-asset ratio remains stable at 40%, indicating a strong financial position amidst market fluctuations[7] - The company reduced its external interest-bearing liabilities by 11.4% compared to the beginning of the year, and the overall financing cost rate decreased by 0.48% year-on-year[17] - The company aims to produce 6 new clean and efficient coal power units with a total capacity of 4.7 million kilowatts, enhancing its core industry integration and innovation[19] Environmental Responsibility and Sustainability - The company is committed to ensuring energy security by strengthening coal production organization and maintaining a good monthly production trend[19] - The company has been recognized in the "Fortune" ESG Influence List for two consecutive years, receiving multiple awards for its ESG performance[18] - The company aims to enhance its capital structure and reduce financing costs while maintaining a focus on shareholder value maximization[44] - The company is focused on promoting green and low-carbon transformation, including the construction of green smart heavy-load railways and green ports[107] Corporate Governance and Compliance - The board has approved a profit distribution plan, with no plans for capital increase through reserves at this time[2] - The company has fully complied with the corporate governance code and principles during the reporting period[111] - The audit and risk committee reviewed the interim financial report for the six months ending June 30, 2023, and agreed to submit it for board consideration[112] - The company has established a closed-loop risk management system, conducting annual risk identification and quarterly monitoring to enhance risk management effectiveness[107] Employee and Workforce Management - As of June 30, 2023, the total number of employees in the group is 81,843, with 13,859 retirees to be supported[117] - The company has established a multi-level training system to provide employees with appropriate vocational skills and safety production training[120] - The company has a competitive compensation policy that combines basic salary with performance evaluation, favoring frontline employees[119] Related Party Transactions - The total amount of related party transactions between the company and the State Energy Group during the reporting period was 54,736 million, accounting for 32.3% of the company's revenue[150] - The company sold products and provided services under the "Coal Supply Agreement" with the State Energy Group, with a transaction amount of 46,421 million, which is 41.8% of the current transaction limit of 99,000 million[151] - The company entered into a "Continuous Related Transaction Framework Agreement" with the National Railway Group, with a transaction amount of 1,168 million against a limit of 7,400 million[152] Financial Position and Capital Management - The company's cash and cash equivalents as of June 30, 2023, amounted to 150,311 million RMB, representing 22.6% of total assets, an increase of 14.3% from 131,458 million RMB at the end of 2022[49] - The company's total assets as of June 30, 2023, were 665,000 million RMB, with overseas assets accounting for 5.2% of total assets[50] - The company has a total related party debt of 75,085 million, with 15,835 million incurred during the reporting period[154] Risk Management - The company faces major risks including safety production, environmental risks, market competition, investment risks, compliance risks, project management risks, international operation risks, macroeconomic fluctuations, integrated operation risks, and policy risks[107] - The company aims to enhance its investment management system, focusing on quality management and risk control for major projects to improve investment efficiency[108] - The company has established emergency response plans for sudden environmental incidents in accordance with national requirements[132]

Financial Performance - Revenue for the first half of 2023 was RMB 169.442 billion, an increase of RMB 3.863 billion (2.3%) compared to the same period in 2022[1] - Net profit attributable to the company's owners was RMB 36.861 billion, a decrease of RMB 5.632 billion (13.3%) compared to the same period in 2022[1] - EBITDA for the first half of 2023 was RMB 61.693 billion, a decrease of RMB 3.714 billion (5.7%) compared to the same period in 2022[1] - Basic earnings per share for the first half of 2023 were RMB 1.855[1] - Gross profit for the first half of 2023 was RMB 55.298 billion, compared to RMB 58.902 billion in the same period in 2022[3] - Total comprehensive income for the first half of 2023 was RMB 43.315 billion, compared to RMB 50.251 billion in the same period in 2022[4] - Net profit for the period ending June 30, 2023, was RMB 36,861 million, contributing to a total comprehensive income of RMB 37,362 million[8] - Revenue for the first half of 2023 increased by 2.3% year-on-year to 169,442 million yuan, while pre-tax profit decreased by 6.2% to 52,300 million yuan[46] - Net profit attributable to shareholders decreased by 13.3% to 36,861 million yuan, with basic earnings per share dropping to 1.855 yuan[46] - Revenue from the power generation segment increased by 18.9% to 44,190 million yuan in H1 2023, driven by higher electricity sales volume and average selling prices[87] - Gross margin for the power generation segment rose by 3.4 percentage points to 16.3% in H1 2023, despite increased coal procurement costs[87] - Coal-fired power generation revenue grew by 20.1% to 39,717 million yuan in H1 2023, accounting for 97.0% of total power generation costs[89] - The company's unit power generation cost decreased by 4.2% to 364.4 yuan/MWh in H1 2023, primarily due to lower coal procurement prices[90] - Coal procurement costs for coal-fired power plants increased by 15.9% to 25,867 million yuan in H1 2023, driven by higher coal prices[91] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 425.166 billion for non-current assets and RMB 240.962 billion for current assets[6] - Total liabilities as of June 30, 2023, were RMB 69.466 billion for non-current liabilities and RMB 141.207 billion for current liabilities[7] - Equity attributable to the company's owners as of June 30, 2023, was RMB 383.830 billion[7] - Total equity as of June 30, 2023, was RMB 455,455 million, with non-controlling interests amounting to RMB 71,625 million[8] - The company's retained earnings as of June 30, 2023, stood at RMB 265,417 million[8] - Foreign currency translation reserve increased by RMB 272 million during the period[8] - Non-controlling shareholders' contributions amounted to RMB 369 million during the period[8] - Overseas assets totaled RMB 34,892 million, accounting for 5.2% of total assets, primarily consisting of power generation assets in Indonesia and USD bonds issued in Hong Kong[60] - The fair value of equity instrument investments at the beginning of the period was 2,386 million, with a cumulative fair value change of 113 million, resulting in a closing balance of 2,499 million[110] - The fair value of financial assets measured at fair value through other comprehensive income decreased by 310 million, resulting in a closing balance of 192 million[110] Cash Flow and Capital Expenditures - Operating cash flow before working capital changes was RMB 61,533 million, with net cash inflow from operating activities at RMB 46,349 million[10] - Capital expenditures for property, plant, and equipment, intangible assets, and other non-current assets totaled RMB 15,767 million[11] - Cash received from interest and dividends from associates was RMB 2,109 million and RMB 442 million, respectively[11] - Net cash outflow from investing activities was RMB 18,234 million[11] - Net cash outflow from financing activities was RMB 9,544 million, compared to RMB 3,163 million in the same period last year[12] - Cash and cash equivalents increased by RMB 18,571 million, down from RMB 38,891 million in the previous year[12] - The company repaid RMB 12,724 million in borrowings, compared to RMB 13,074 million in the same period last year[12] - New borrowings received amounted to RMB 6,639 million, a decrease from RMB 10,955 million in the previous year[12] - The company repurchased bonds worth RMB 313 million, a new activity not present in the previous year[12] - Dividends paid to non-controlling interests increased significantly to RMB 2,175 million from RMB 253 million in the previous year[12] - Operating cash flow decreased by 20.6% YoY to RMB 46,349 million in H1 2023, primarily due to lower coal sales revenue and increased production costs[54] - Investment cash outflow increased by 11.8% YoY to RMB 18,234 million in H1 2023, driven by ongoing construction projects and increased payments for property, plant, equipment, and other non-current assets[55] - Total capital expenditure in H1 2023 was 16.813 billion yuan, with 6.464 billion yuan spent on mining rights and 2.855 billion yuan on other coal business expenditures[107][108] - Coal business capital expenditure exceeded the annual plan, reaching 9.319 billion yuan in H1 2023 compared to the planned 7.377 billion yuan[107] - Power generation business capital expenditure was 5.914 billion yuan in H1 2023, significantly below the annual plan of 18.080 billion yuan[107] - Transportation business capital expenditure was 1.538 billion yuan in H1 2023, far below the annual plan of 9.561 billion yuan[107] Coal Business - Coal sales revenue decreased to RMB 110,984 million in 2023 from RMB 113,976 million in 2022, a decline of 2.6%[19] - Coal production remained at a high monthly level, with external coal purchases increasing year-on-year[32] - Railway coal transportation volume accounted for 26% of national railway coal shipments, and the company's port outbound volume accounted for 36% of coal sales in northern ports[32] - 19 coal mines and fully mechanized mining faces passed provincial-level intelligent coal mine construction acceptance[33] - The national coal price index NCEI (5,500 kcal) for long-term contracts was 701 yuan/ton as of June 30, 2023, a decrease of 27 yuan/ton from the end of the previous year[36] - The average price of long-term contracts in the first half of the year was approximately 722 yuan/ton, basically flat with the same period last year[36] - National industrial raw coal production reached 2.3 billion tons, a year-on-year increase of 4.4%[38] - Coal imports reached 220 million tons, a year-on-year increase of 93.0%[38] - National railway coal transportation volume reached 1.38 billion tons, a year-on-year increase of 3.2%[38] - Global seaborne coal trade volume reached 640 million tons, a year-on-year increase of 11.9%[39] - Coal sales volume reached 217.9 million tons, a 3.7% increase year-on-year, with external coal purchases rising by 17.0% to 58.6 million tons[50] - The average sales price of coal in the first half of 2023 was 601 yuan/ton (excluding tax), a year-on-year decrease of 5.1%[64] - Self-produced coal sales accounted for 73.1% of total sales volume in the first half of 2023, with a sales price of 560 yuan/ton (excluding tax), a year-on-year decrease of 5.2%[65] - Annual long-term contract sales volume in the first half of 2023 was 124.3 million tons, accounting for 57.0% of total sales volume, with a sales price of 500 yuan/ton (excluding tax), a year-on-year decrease of 2.5%[66] - Domestic sales accounted for 98.3% of total sales volume in the first half of 2023, with a sales price of 597 yuan/ton (excluding tax), a year-on-year decrease of 5.1%[68] - The company's coal reserves under Chinese standards as of June 30, 2023, were 32.74 billion tons, a decrease of 160 million tons compared to the end of 2022[69] - The company's coal exploration expenditure in the first half of 2023 was 80 million yuan, while coal mine development and mining-related capital expenditure was 7.58 billion yuan, a significant increase from 970 million yuan in the same period of 2022[69] - Total coal reserves under Chinese standards are 327.4 million tons, with 135.3 million tons of recoverable reserves and 96.4 million tons of salable reserves under JORC standards[70] - In H1 2023, the company's coal segment revenue decreased by 0.7% YoY to 135.244 billion RMB, with a 2.8% increase in operating costs, leading to a 2.5 percentage point decline in gross margin to 28.0%[73] - Domestic coal sales accounted for 35.8% of gross margin in H1 2023, down from 38.5% in H1 2022, while export and overseas sales saw a significant drop in gross margin from 13.2% to 1.3%[74] - Self-produced coal gross margin decreased to 50.5% in H1 2023 from 52.1% in H1 2022, while purchased coal gross margin dropped to 1.9% from 3.5%[75] - Self-produced coal unit production cost increased by 5.9% YoY to 166.7 RMB/ton in H1 2023, driven by a 15.3% increase in labor costs and a 9.9% rise in raw material costs[76] Power Generation Business - Power generation sales revenue increased to RMB 40,770 million in 2023 from RMB 34,133 million in 2022, a growth of 19.4%[19] - Total power generation increased by 18.2% to 100.2 billion kWh, while total power sales grew by 18.4% to 94.26 billion kWh[50] - The company's coal-fired power plants achieved a standard coal consumption rate of 294 g/kWh in H1 2023, a 3 g/kWh reduction compared to H1 2022[78] - As of H1 2023, the company has 50 operational new energy power projects with a total installed capacity of 177.7 MW, including 114 MW of photovoltaic capacity[78] - Total electricity generation in the first half of 2023 was 100.20 billion kWh, an increase of 18.2% compared to 84.79 billion kWh in the same period last year[79] - Coal-fired power generation accounted for 98.25 billion kWh, up 19.0% year-on-year, with significant growth in Fujian (34.0%) and Guangxi (333.1%)[79] - The company's total installed capacity reached 40,353 MW, with coal-fired power accounting for 97.1% (39,164 MW) and new photovoltaic capacity additions of 52 MW in Guangdong, Hebei, and Fujian[80][81] - Coal-fired power units achieved an average utilization of 2,509 hours in H1 2023, an increase of 13.0% compared to 2,220 hours in the same period last year[82][83] - Photovoltaic power generation saw a 400.0% increase in electricity generation, reaching 0.05 billion kWh in H1 2023[79] - The company's Shandong power sales subsidiary sold 3.28 billion kWh of electricity in H1 2023, generating revenue of 1,088 million yuan[84][85] - Capital expenditures for the power generation segment totaled 5,914 million yuan in H1 2023, with major investments in Guangdong Qingyuan Power Plant (824 million yuan) and Hunan Yueyang Power Plant (628 million yuan)[86] - The average electricity sales price increased by 1.5% to 418 yuan/MWh in H1 2023, compared to 412 yuan/MWh in the same period last year[79] - Gas-fired power generation decreased by 15.2% to 1.62 billion kWh, with an average utilization of 1,700 hours, down 15.5% year-on-year[79][83] - Hydropower generation remained stable at 0.28 billion kWh, with an average utilization of 2,257 hours, slightly down 0.5% compared to H1 2022[79][83] Transportation and Logistics - Railway transportation turnover increased by 3.6% to 150.4 billion ton-kilometers in H1 2023, with non-coal cargo volume growing by 3.0% to 10.304 million tons[93] - Railway segment revenue grew by 5.3% to 22,123 million yuan in H1 2023, but unit transportation costs rose by 20.3% to 0.083 yuan/ton-kilometer due to higher maintenance and labor costs[94] - Huanghua Port's coal loading volume decreased by 2.5% to 100.6 million tons in H1 2023, while Tianjin Coal Terminal's volume increased by 11.3% to 22.6 million tons[95] - Non-coal cargo volume at the port segment surged by 124.0% to 6.079 million tons in H1 2023, driven by new general cargo berths and expanded cargo types[96] - Shipping division achieved a cargo volume of 72.2 million tons in H1 2023, a 9.7% YoY increase, and a shipping turnover of 78.8 billion ton-miles, a 22.4% YoY increase[98] - Shipping division's revenue decreased by 14.9% YoY to 2,579 million yuan in H1 2023, with a gross margin drop of 8.4 percentage points to 9.0%[99] - Unit transportation cost for the shipping division decreased by 23.1% YoY to 0.030 yuan/ton-mile in H1 2023[99] Coal Chemical Business - Coal chemical product sales revenue decreased to RMB 2,727 million in 2023 from RMB 3,148 million in 2022, a decline of 13.4%[19] - Coal chemical division's polyolefin product sales volume decreased by 1.9% YoY to 351.4 thousand tons in H1 2023[100] - Coal chemical division's revenue decreased by 12.4% YoY to 3,002 million yuan in H1 2023, with a gross margin drop of 13.3 percentage points to 4.8%[102] Overseas Operations - Overseas market revenue increased to RMB 6,528 million in 2023 from RMB 4,523 million in 2022, a growth of 44.3%[19] - Overseas market revenue increased by 44.3% YoY to 6,528 million yuan in H1 2023, driven by a 111.1% YoY increase in overseas coal sales volume to 3.8 million tons[104][105] - The company faces foreign exchange risk with foreign currency funds and receivables totaling RMB 3,708 million, and payables and long-term loans totaling RMB 1,433 million[115] - The company is strengthening its international operations by enhancing pre-investment analysis, risk monitoring, and talent development to ensure project feasibility and risk mitigation[115] Corporate Governance and Compliance - The company has not engaged in any share buybacks, sales, or redemptions during the first half of 2023[117] - The company has established a corporate governance system in compliance with Hong Kong Listing Rules, with changes in the board secretary position[118] - The company's directors and supervisors have confirmed full compliance with the Model Code for Securities Transactions during the first half of 2023[119] - The Audit and Risk Committee has reviewed and approved the interim financial report for the first half of 2023, recommending it for board approval[121] - The company's board members as of the announcement date include executive directors Lü Zhiren and Xu Mingjun, non-executive directors Jia Jinzhong and Yang Rongming, independent non-executive directors Dr. Yuan Guoqiang, Dr. Bai Chongen, and Dr. Chen Hanwen, and employee director Liu Xiaolei[124] Strategic Initiatives and Future Plans - The company is focusing on technological innovation, clean coal utilization, and the development of high-end, diversified, and low-carbon coal chemical products to drive sustainable growth[115] - The company is enhancing its integrated operations by improving resource coordination, transportation systems, and supply chain resilience[115] - The company is accelerating the development of renewable energy and promoting green and low-carbon transformation while ensuring a reliable replacement for traditional energy[116] - 13 new energy projects were approved, and the company actively participated in pumped storage projects and conducted strategic research on hydrogen energy layout[33] - The company plans to put into operation 6 clean and efficient coal-fired power units with a total capacity of 4.7 million kilowatts[34] Subsidiary Performance - Shenhua Shendong Coal's net profit attributable to parent company shareholders decreased by 48.0% to 9,292 million in the first half of 2023, primarily due to a decline in coal sales prices and increased production costs[111] - Shuohuang Railway's net profit attributable to parent company shareholders decreased by 9.0% to 3,380 million in the first half of 2023, mainly due to increased repair costs[111] - Jinjie Energy's net profit attributable to

Financial Performance - The company's revenue for Q1 2023 reached RMB 87,042 million, representing a 3.7% increase compared to RMB 83,902 million in the same period last year[3]. - Net profit attributable to the company's owners for Q1 2023 was RMB 20,677 million, up 4.3% from RMB 19,796 million in Q1 2022[5]. - Operating cash inflow for the period was RMB 29,203 million, reflecting a 2.7% increase from RMB 28,436 million in the previous year[3]. - Revenue for Q1 2023 was RMB 68,925 million, reflecting a 1.6% increase from RMB 67,854 million in Q1 2022[15]. - The gross profit for Q1 2023 was RMB 29,286 million, slightly down from RMB 29,701 million in Q1 2022, indicating a decrease of 1.4%[24]. - The net profit for Q1 2023 was RMB 23,586 million, a marginal increase from RMB 23,544 million in Q1 2022, representing a growth of 0.2%[25]. - The company reported a basic earnings per share of RMB 1.041 for Q1 2023, up from RMB 0.998 in Q1 2022, indicating an increase of 4.3%[25]. Assets and Liabilities - Total assets as of March 31, 2023, amounted to RMB 647,462 million, a 3.5% increase from RMB 625,178 million at the end of the previous year[4]. - The company's net assets attributable to owners increased by 5.4% to RMB 418,367 million from RMB 396,937 million at the end of the previous year[4]. - As of March 31, 2023, the company's cash and cash equivalents increased by 11.9% to RMB 147,054 million compared to RMB 131,458 million at the end of 2022, attributed to an increase in specialized account balances[7]. - The company's total assets as of March 31, 2023, were RMB 646,462 million, compared to RMB 646,390 million at the end of 2022, showing a slight increase[26]. - The company's net assets rose to RMB 487,033 million as of March 31, 2023, compared to RMB 462,796 million at the end of 2022, reflecting a growth of 5.2%[27]. Operating Costs and Expenses - Operating costs for Q1 2023 were RMB 57,756 million, a 6.6% increase from RMB 54,201 million in Q1 2022, primarily due to increased maintenance and labor costs[6]. - General and administrative expenses rose by 10.7% to RMB 2,132 million compared to RMB 1,926 million in the same period last year[6]. - The unit production cost of self-produced coal increased by 2.0% to RMB 144.4 per ton in Q1 2023 from RMB 141.5 per ton in Q1 2022[17]. Cash Flow - The net cash inflow from operating activities for the first quarter of 2023 was RMB 29,203 million, reflecting a 2.7% increase from RMB 28,436 million in the same period of 2022, driven by revenue growth[7]. - Operating cash flow for the three months ended March 31, 2023, was RMB 33,958 million, a decrease of 3.8% from RMB 35,294 million in the same period of 2022[28]. - Net cash outflow from investing activities was RMB 11,140 million, a decrease from RMB 12,386 million in the previous year[28]. - Cash and cash equivalents increased by RMB 15,620 million, compared to an increase of RMB 13,581 million in the same period last year[28]. Production and Sales - Coal production volume for Q1 2023 was 80.1 million tons, a decrease of 0.9% compared to 80.8 million tons in Q1 2022[11]. - Coal sales volume increased by 1.8% to 107.6 million tons in Q1 2023 from 105.7 million tons in Q1 2022[12]. - The total sales revenue from self-produced coal was RMB 45,444 million, with a gross profit margin of 53.8% in Q1 2023[16]. - The sales volume of self-produced coal and purchased coal was 102.1 million tons, representing 94.9% of total sales in Q1 2023[13]. - The average selling price of coal (excluding tax) decreased by 0.5% to RMB 621 per ton in Q1 2023 from RMB 624 per ton in Q1 2022[12]. - The total electricity generation rose by 10.6% to 51.71 billion kWh in Q1 2023, compared to 46.75 billion kWh in Q1 2022[11]. - The average electricity selling price in Q1 2023 was RMB 420 per MWh, up 2.2% from RMB 411 per MWh in Q1 2022[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 183,250, with 181,353 being A-share shareholders[8]. - The largest shareholder, State Energy Investment Group Co., Ltd., holds 69.52% of the shares, totaling 13,812,709,196 shares[9]. Segment Performance - The railway segment's gross profit decreased by 20.1% year-on-year, primarily due to increased repair and maintenance costs[22]. - The port segment's gross profit fell by 13.2% year-on-year, attributed to a decrease in loading volume and rising costs[22]. - The shipping segment's gross profit dropped by 86.8% year-on-year, mainly due to lower average shipping prices[22]. - The coal chemical segment's gross profit decreased by 90.5% year-on-year, driven by a decline in average selling prices of polyolefin products[22].

( 於中華人民共和國註冊成立的股份有限公司 ) 年度報告 股份代碼 : 01088 股份代碼 : 01088 2022 年度報告 重要提示 二零二二年度報告 1 一. 本公司董事會、監事會及全體董事、監事、高級管理人員保證年度報告內容的真實、準確、完整， 不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二. 本報告已經本公司第五屆董事會第二十次會議批准，會議應出席董事8人，親自出席董事8人。 三. 畢馬威會計師事務所根據香港審計準則為本公司按照國際財務報告準則編製的2022年財務報表出具 了標準無保留意見的獨立核數師報告。 四. 本公司負責人呂志韌、總會計師宋靜剛及會計機構負責人余燕玲聲明：保證本報告中財務報告的真 實、準確、完整。 五. 董事會建議：以實施權益分派股權登記日登記的總股本為基數，派發2022年度末期股息現金人 民幣2.55元/股（含稅），該利潤分配預案尚待股東大會批准。按本公司2022年12月31日總股本 19,868,519,955股計算，共計派發股息人民幣50,665百萬元（含稅）。 六. 前瞻性陳述的風險聲明：受到風險、不明朗因素及假設的影響，本報告中基於對未來政策和 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 344.53 billion, an increase of RMB 8.89 billion (2.6%) compared to 2021[1]. - The profit attributable to the owners of the company for 2022 was RMB 72.90 billion, an increase of RMB 21.48 billion (41.8%) from 2021[1]. - Basic earnings per share for the year were RMB 3.669[4]. - Gross profit for the year was RMB 117.91 billion, compared to RMB 95.84 billion in 2021[3]. - The total comprehensive income for the year was RMB 86.80 billion, up from RMB 60.97 billion in 2021[4]. - Operating profit before tax for the year was RMB 99,654 million, up 26.2% from RMB 78,945 million in the previous year[9]. - The pre-tax profit for 2022 reached RMB 99,654 million, up from RMB 78,945 million in 2021, indicating a growth of about 26.2%[24]. - The net profit for the year was 85.357 billion yuan, representing a significant increase of 40.4% from 60.784 billion yuan in 2021[50]. - The total revenue for 2022 was RMB 423,067 million, a slight increase from RMB 416,394 million in 2021, representing a growth of approximately 1.6%[24]. Dividends and Shareholder Returns - The board proposed a final cash dividend of RMB 2.55 per share (tax included), totaling RMB 50.67 billion (tax included)[1]. - The proposed final cash dividend for the year ended December 31, 2022, is RMB 50,665 million, or RMB 2.55 per share, compared to RMB 50,466 million, or RMB 2.54 per share in 2021[38]. - The company plans to distribute at least 60% of the net profit attributable to shareholders in cash annually from 2022 to 2024, in accordance with the approved policy[156]. - The total distributable profit for shareholders as of December 31, 2022, under Chinese accounting standards was CNY 195,903 million[158]. Assets and Liabilities - Non-current assets totaled RMB 414.13 billion as of December 31, 2022, compared to RMB 402.06 billion in 2021[5]. - Current assets amounted to RMB 211.05 billion, slightly up from RMB 208.31 billion in 2021[6]. - The company's net assets increased to RMB 462.72 billion from RMB 448.99 billion in 2021[6]. - Total equity reached RMB 449,221 million, a slight decrease of 0.05% from RMB 448,996 million[7]. - The company's total liabilities increased significantly, with a repayment of borrowings amounting to RMB 36,424 million in 2022, compared to RMB 21,741 million in 2021[12]. Cash Flow - Net cash inflow from operating activities was RMB 109,734 million, an increase of 16.3% compared to RMB 94,350 million in the prior year[10]. - The company reported a net cash outflow from financing activities of RMB 78,734 million, compared to RMB 43,731 million in the previous year[12]. - The total cash and cash equivalents at the end of 2022 were RMB 131,458 million, down from RMB 156,706 million at the end of 2021[12]. - The net cash outflow from investing activities was 56,585 million, a significant increase of 754.9% from 6,619 million in 2021, mainly due to increased fixed asset expenditures[76]. Revenue Breakdown - Revenue from coal sales in 2022 was RMB 256,241 million, compared to RMB 252,481 million in 2021, indicating a growth of about 1.5%[18]. - Power generation revenue increased to RMB 84,341 million in 2022 from RMB 64,383 million in 2021, representing a significant growth of approximately 31%[18]. - Railway revenue for 2022 was RMB 13,423 million, up from RMB 6,838 million in 2021, marking an increase of around 96%[18]. - The revenue from coal chemical products in 2022 was RMB 6,379 million, consistent with the previous year's figure of RMB 5,851 million, showing a growth of about 9%[18]. - Shipping revenue rose to RMB 2,126 million in 2022 from RMB 1,321 million in 2021, reflecting an increase of approximately 61%[18]. - Port revenue for 2022 was RMB 1,959 million, compared to RMB 982 million in 2021, indicating a growth of around 99%[18]. Research and Development - Research and development expenses increased to RMB 3.72 billion from RMB 2.50 billion in 2021, reflecting a focus on innovation[3]. - The company’s total R&D investment reached 5,404 million in 2022, a significant increase of 61.5% from 3,347 million in 2021, representing 1.6% of total revenue[74]. - The company has invested in 105,500 kW of photovoltaic projects, contributing to its carbon peak and carbon neutrality goals[46]. Operational Efficiency and Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and revenue growth[17]. - The company aims to enhance its integrated industrial chain competitive advantage and is advancing key projects such as the new wells and coal mine expansions[49]. - The company is committed to green development and is implementing a carbon peak action plan, focusing on renewable energy and energy storage projects[49]. - The company plans to enhance its collaboration with local governments and enterprises to promote stable and sustainable growth in new energy sectors[139]. Governance and Compliance - The company has established corporate governance policies in compliance with the Hong Kong Listing Rules and has adhered to most best practice recommendations[166]. - The company will strengthen project management to mitigate risks related to construction delays and safety incidents, ensuring effective oversight of project progress[150]. - The company has committed to ensuring the fairness of related transaction prices and compliance with relevant regulations during the acquisition process[184]. Future Outlook - The company aims for a 10% increase in unit production costs for self-produced coal in 2023, compared to a 10.9% increase in 2022[140]. - The expected electricity generation for 2023 is 203.9 billion kWh, which is a 6.6% increase from 191.28 billion kWh in 2022[140]. - The coal sales volume target for 2023 is 435.8 million tons, reflecting a 4.3% increase from 2022[140].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 (在中華人民共和國註冊成立的股份有限公司) （股份代碼：01088） 2022年第三季度報告 | --- | |-----------------------------------------------------------------------------------------| | | | 根 據 中 國 證 券 監 督 管 理 委 員 會 和 上 海 證 券 交 易 所 的 規 定，中 國 神 華 能 | | 源 股 份 有 限 公 司 需 刊 發 季 度 報 告。本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 | | 公司證券上市規則第 13.09(2) 條及第 13.10B 條 以 及 證 券 及 期 貨 條 例（香 | | 港法例第 571 章）第 XIVA 部 之 內 幕 消 息 條 文 而 作 出。 ...

| --- | --- | --- | |-------|---------------------------------------------------------------|------------------| | | | | | | 中国神华能源股份有限公司 CHINA SHENHUA ENERGY COMPANY LIMITED | | | | ( 於中華人民共和國註冊成立的股份有限公司) | | | | 股份代碼 : 01088 | 2022 中 期 報 告 | | 煤炭 | 煤炭清潔高效生產的引領者 守護藍天碧水凈土 建設清潔美麗世界 | | | | | | | | | | | | 國家能源——不斷前進的 動 | | China Energy— Driving force for constant progress ll � - 2017 H g a blog and the company of the comment of the Grand Park | --- | --- | |----------|---------------------------------------- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 (在中華人民共和國註冊成立的股份有限公司) （股份代碼：01088） 2022年第一季度報告 | --- | |-----------------------------------------------------------------------------------------| | | | 根 據 中 國 證 券 監 督 管 理 委 員 會 和 上 海 證 券 交 易 所 的 規 定，中 國 神 華 | | 能 源 股 份 有 限 公 司（「 本公司 」）需 刊 發 季 度 報 告。本 公 告 乃 根 據 香 港 聯 | | 合交易所有限公司證券上市規則第 13.09(2) 條及第 13.10B 條以及證券 | | 及 期 貨 條 例（香 港 法 例 第 571 章）第 XIVA 部 之 內 幕 消 息 條 文 而 作 出 ...

中国神华能源股份有限公司 CHINA SHENHUA ENERGY COMPANY LIMITED (於中華人民共和國註冊成立的股份有限公司) 股份代碼：01088 年度報告 能源供應壓艙石 能源革命排頭兵 C 更成立100周年 品发货透机团 重要提示 一. 本公司董事會、監事會及全體董事、監事、高級管理人員保證年度報告內容的真實、準確、完整，不 存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 二. 本報告已經本公司第五屆董事會第十二次會議批准，會議應出席董事8人，親自出席董事8人。 三. 畢馬威會計師事務所根據香港審計準則為本公司2021年度按國際財務報告準則編製的財務報表出具 了標準無保留意見的獨立核數師報告。 四. 本公司董事長王祥喜、總會計師許山成及會計機構負責人余燕玲聲明：保證本報告中財務報告的真 實、準確、完整。 五. 董事會建議：以實施權益分派股權登記日登記的總股本為基數，派發2021年度末期股息現金人 民幣2.54元/股（含稅），該利潤分配預案尚待股東大會批准。按本公司2021年12月31日總股本 19,868,519,955股計算，共計派發股息人民幣50,466百萬元（含稅 ...