股票简称：兖矿能源 股票代码：600188 编号：临 2023-010 兖矿能源集团股份有限公司 关于举办 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 完整性承担法律责任。 重要内容提示： 投资者可于2023年3月24日（周五）17:00前将关注的问题 通过电子邮件的形式发送至ykny2023@163.com。本公司将会于2022 年度业绩说明会（"业绩说明会"）上对投资者普遍关注的问题进行回 答。 一、说明会类型 兖矿能源集团股份有限公司（"公司""本公司"）将于2023年3 月27日在上海证券交易所网站、香港联合交易所网站披露2022年度业 绩。为协助投资者更好地了解公司业绩，公司拟以现场、电话及网络 会议的方式召开业绩说明会。 1 会议召开时间：2023年3月27日（周一）9:30-10:30 会议召开方式：现场、电话及网络会议 会议召开地点：香港中区法院道太古广场港岛香格里拉大 酒店五楼宴会厅C 网络直播地址：https://s.comein.cn/AN1rR 二、说明会召开的时间、方式 （一）召开时间 ...

Financial Performance - The company's operating revenue for Q3 2022 reached RMB 51,062,128, representing a year-on-year increase of 28.76%[4] - Net profit attributable to shareholders for the same period was RMB 9,090,846, reflecting a significant increase of 65.59% compared to the previous year[4] - The basic earnings per share for Q3 2022 was RMB 1.86, while diluted earnings per share was RMB 1.84[4] - The company reported a year-to-date net profit attributable to shareholders of RMB 27,127,917, marking a substantial increase of 135.25% compared to the same period last year[4] - Net profit for the third quarter of 2022 was RMB 34,243,912 thousand, significantly higher than RMB 12,988,421 thousand in the same quarter of 2021, marking an increase of approximately 163.5%[35] - The basic earnings per share for Q3 2022 was CNY 5.5559, compared to CNY 2.3759 in Q3 2021, representing an increase of approximately 134%[37] - Net profit for the third quarter was CNY 13,263,939, up from CNY 2,783,545 in the same quarter of 2021, reflecting a growth of 376.5%[45] Assets and Liabilities - The total assets as of September 30, 2022, amounted to RMB 295,451,557, showing a slight increase of 2.34% from the end of the previous year[4] - The company's total assets as of the third quarter of 2022 amounted to RMB 295,451,557 thousand, compared to RMB 288,695,542 thousand at the end of the previous year, showing a growth of about 2.6%[33] - Non-current liabilities totaled RMB 99,269,796 thousand in the third quarter of 2022, up from RMB 96,486,007 thousand in the same period of 2021, indicating an increase of approximately 2.9%[33] - The total liabilities of the company decreased to RMB 173,428,541 thousand in the third quarter of 2022 from RMB 192,208,450 thousand in the same period of 2021, a reduction of about 9.7%[33] Cash Flow - The net cash flow from operating activities for the year-to-date period was RMB 32,441,682, which is an increase of 67.84% year-on-year[4] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 155,343,275, slightly down from CNY 155,899,644 in the same period of 2021[38] - The net cash flow from operating activities for Q3 2022 was CNY 32,441,682, up from CNY 19,329,150 in Q3 2021, indicating a growth of approximately 68%[39] - The company reported a net cash outflow from investing activities of CNY 3,889,190 in Q3 2022, an improvement from a net outflow of CNY 5,056,113 in Q3 2021[39] - Total cash and cash equivalents at the end of Q3 2022 were CNY 43,114,731, compared to CNY 30,005,373 at the end of Q3 2021, reflecting an increase of about 44%[39] - The company's cash and cash equivalents decreased to RMB 2,658,373 thousand from RMB 5,716,032 thousand, a decline of about 53.4%[33] - Cash inflow from investment activities totaled RMB 10,295,471 thousand, a substantial rise from RMB 8,936,917 thousand in 2021, marking an increase of approximately 15.2%[49] Revenue and Sales - The increase in operating revenue was primarily driven by a rise in coal sales prices, contributing an additional RMB 41,348 million to sales revenue year-on-year[7] - Total operating revenue for the first three quarters of 2022 reached RMB 151,347,326 thousand, up from RMB 105,035,724 thousand in the same period of 2021, representing an increase of approximately 43.9%[34] - The company reported a significant increase in sales revenue for trade coal, which rose by 58.17% year-on-year to 15.454 billion yuan[22] - The sales revenue for the Future Energy segment in Q1 2022 was 3,765 million CNY, a substantial increase from 2,172 million CNY in Q1 2021, representing a growth of approximately 73.3%[26] Production and Operations - Total coal production in Q3 2022 was 25,927 thousand tons, a decrease of 3.27% compared to 26,804 thousand tons in Q3 2021[17] - Total coal sales in Q3 2022 were 25,562 thousand tons, down 2.73% from 26,279 thousand tons in Q3 2021[17] - Chemical product production in Q3 2022 reached 1,773 thousand tons, an increase of 24.61% from 1,423 thousand tons in Q3 2021[17] - Power generation in Q3 2022 was 245,988 MWh, a significant increase of 37.41% compared to 179,016 MWh in Q3 2021[17] - The company produced 7,657 thousand tons of commercial coal in the first three quarters of 2022, a year-on-year decrease of 1.6%[18] Shareholder Information - The total number of ordinary shareholders as of September 30, 2022, was 46,480, with the largest shareholder holding 45.73% of the shares[12] - Shandong Energy Group holds a total of 2,263,047,288 A shares, representing 45.73% of the total issued shares[15] - Shandong Energy also holds 454,989,000 H shares, accounting for 9.19% of the total issued shares[15] Expenses - Sales expenses surged by 103.04% to RMB 4,239 million from RMB 2,088 million, linked to increased mining rights usage fees[10] - Income tax expenses rose dramatically by 280.01% to RMB 11,870 million from RMB 3,124 million, reflecting a significant increase in taxable income[10] - Research and development expenses for the third quarter of 2022 were RMB 543,493 thousand, an increase from RMB 392,621 thousand in the same quarter of 2021, representing a growth of approximately 38.5%[35] - Research and development expenses increased to CNY 130,569 from CNY 48,355 year-over-year, showing a rise of 170.5%[43]

Financial Performance - The company reported a mid-year revenue of 5.2 billion RMB, representing a 15% increase compared to the same period last year[3]. - Sales revenue for the first half of 2022 reached CNY 75,275,358 thousand, a 76.40% increase compared to CNY 42,673,504 thousand in the same period of 2021[16]. - Gross profit for the first half of 2022 was CNY 36,108,340 thousand, reflecting a 177.92% increase from CNY 12,992,234 thousand in the previous year[16]. - Net profit attributable to shareholders for the first half of 2022 was CNY 18,453,733 thousand, up 193.95% from CNY 6,277,804 thousand in the same period of 2021[16]. - Earnings per share for the first half of 2022 increased to CNY 3.78, a 193.39% rise compared to CNY 1.29 in the previous year[16]. - The total sales revenue for the group was CNY 75.275 billion, a significant increase of 76.4% from CNY 42.674 billion year-on-year[46]. - The group reported a significant increase in income tax expenses, rising to CNY 7.614 billion, up 449.20% from CNY 1.386 billion in the previous year[46]. - The net cash generated from operating activities for the first half of 2022 was CNY 25,112,369 thousand, a significant increase of 376.67% compared to CNY 5,268,317 thousand in the same period of 2021[19]. Production and Sales - The total coal production reached 12 million tons, an increase of 10% year-on-year[3]. - The company's coal production for the first half of 2022 was 50,638 thousand tons, a slight decrease of 0.65% from 50,969 thousand tons in the same period of 2021[25]. - Coal sales volume increased by 4.23% to 53,068 thousand tons, compared to 50,914 thousand tons in the first half of 2021[25]. - The revenue from coal business reached CNY 61,282 million, marking a substantial increase of 98.0% from CNY 30,954 million year-on-year[31]. - The average selling price of coal increased to 1,154.78 yuan per ton in the first half of 2022, up from 607.97 yuan per ton in the first half of 2021, reflecting a significant price increase[33]. - The electricity sector accounted for the largest share of coal sales, with 23,870 thousand tons sold, generating revenue of 24,535 million yuan, compared to 19,947 thousand tons and 9,401 million yuan in the same period of 2021[37]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[3]. - The company plans to expand its market presence in Southeast Asia, particularly in Vietnam and Thailand, where sales have shown promising growth[34]. - The company is focusing on expanding its high-value-added products and has made significant progress in smart mining and resource optimization[24]. - The company aims to accelerate strategic transformation and upgrade by concentrating resources on five main industries, enhancing competitive strength[70]. Research and Development - New product development in chemical engineering is expected to contribute an additional 1 billion RMB in revenue by the end of 2023[3]. - The company has allocated 300 million RMB for research and development in renewable energy technologies[3]. - New projects in the chemical sector include a 500,000 tons/year high-temperature Fischer-Tropsch project and a 100,000 tons/year DMMn project[70]. Environmental Compliance and Management - The company has implemented comprehensive environmental protection measures, complying with multiple environmental laws and regulations, and has not experienced any major environmental pollution incidents during the reporting period[118]. - The company’s wastewater treatment facilities are fully operational, ensuring compliance with the comprehensive discharge standards for water pollutants[120]. - The company has established a robust environmental management system, focusing on resource conservation and environmentally friendly practices[118]. - The company has actively improved its investor relations management system, enhancing information collection and feedback processes[117]. Corporate Governance and Management Changes - The company has initiated a governance model to improve transparency and efficiency in its corporate structure[71]. - Changes in management include the appointment of a new chief engineer and safety director, while several board members have resigned[77][78][79]. - The company emphasizes transparency and accountability in its corporate governance practices[115]. - The company has established a robust corporate governance framework in line with the Hong Kong Listing Rules[116]. Legal and Regulatory Matters - The company is currently involved in multiple litigation cases, with one case involving a claim of RMB 232.66 million for a sales contract dispute[145]. - The ongoing arbitration proceedings have been suspended since December 30, 2020, and the impact on future profits remains uncertain[143]. - The company is actively managing its legal risks and liabilities to mitigate potential financial impacts[147]. - The company has incurred legal and arbitration fees as part of its ongoing litigation strategy, which may impact its financial performance[144]. Financial Transactions with Related Parties - In the first half of 2022, the total amount received by the company from Shandong Energy Group for the sale of goods and services was CNY 2.845 billion, accounting for 2.84% of operating revenue, which represents a 56.30% increase compared to CNY 1.821 billion in the same period of 2021[156]. - The company has established a new financial services agreement with Shandong Energy Group, with transaction limits set for 2023-2025[153]. - The company has approved various supply agreements with Shandong Energy Group, adjusting transaction limits for 2022-2023 without changing the terms of the agreements[154].

Financial Performance - For the first quarter of 2022, the company reported operating revenue of RMB 41,201,223 thousand, representing a year-on-year increase of 32.67%[4] - Net profit attributable to shareholders was RMB 6,677,314 thousand, a significant increase of 196.64% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 6,652,721 thousand, reflecting a year-on-year growth of 199.94%[4] - Basic earnings per share were RMB 1.3716, an increase of 196.37% compared to the previous year[4] - Diluted earnings per share were RMB 1.3677, reflecting a year-on-year increase of 195.53%[4] - The total comprehensive income for Q1 2022 was RMB 9,308,091 thousand, compared to RMB 2,584,601 thousand in Q1 2021, showing a remarkable increase of 260.5%[36] - Net profit for Q1 2022 was RMB 8,152,113 thousand, representing a substantial increase of 260.5% from RMB 2,261,107 thousand in Q1 2021[35] - The total equity increased to RMB 105,900,429 thousand in Q1 2022, up from RMB 96,487,092 thousand in Q1 2021, marking an increase of about 9.3%[33] Cash Flow - The net cash flow from operating activities was RMB 1,332,272 thousand, showing a decrease of 57.82% year-on-year[4] - The net cash flow from investing activities decreased by 1.16 billion RMB year-on-year, primarily due to reduced cash payments for fixed assets and investments[10] - The net cash flow from financing activities decreased by 12.48 billion RMB year-on-year, attributed to a decrease in cash received from borrowings and cash paid for debt repayments[10] - The net cash flow from financing activities was -4,523,581 thousand RMB, compared to a positive cash flow of 619,519 thousand RMB in the previous period, indicating a significant decline[39] - The company reported a significant increase in cash paid for taxes, amounting to 6,427,295 thousand RMB, compared to 2,648,455 thousand RMB, representing a growth of 142.5%[39] - The cash and cash equivalents at the end of the period were 36,873,592 thousand RMB, compared to 18,275,299 thousand RMB, showing a substantial increase[39] Assets and Liabilities - The total assets at the end of the reporting period were RMB 288,065,098 thousand, a slight decrease of 0.22% from the end of the previous year[4] - The total liabilities decreased to RMB 182,164,669 thousand in Q1 2022 from RMB 192,208,450 thousand in Q1 2021, reflecting a reduction of approximately 5.4%[33] - The total assets increased to 177,015,927 thousand RMB, up from 175,737,270 thousand RMB, indicating a growth of 0.7%[41] - Current assets totaled 91,873 million as of March 31, 2022, compared to 89,528 million at the end of 2021[30] - Non-current liabilities include long-term borrowings of 47,679 million, down from 50,942 million in the previous period[31] Sales and Production - The company’s coal business sales revenue increased by RMB 10,326 million year-on-year, contributing to the overall revenue growth[8] - In Q1 2022, the company produced 25.15 million tons of coal, a decrease of 4.6% year-on-year[18] - Coal sales volume in Q1 2022 was 25.26 million tons, down 4.0% compared to the previous year[20] - The company achieved coal sales revenue of 25.191 billion yuan in Q1 2022, an increase of 69.5% year-on-year, primarily due to rising coal prices[20] - The average selling price of coal in Q1 2022 was 994.70 yuan per ton, compared to 673.03 yuan per ton in Q1 2021[20] - The total sales revenue for the coal business reached 25,149 million RMB, with a sales cost of 2,717 million RMB, reflecting an increase of 81.33% year-on-year[22] Chemical and Electricity Segments - Chemical product production increased by 10.70% year-on-year to 1,663 thousand tons in Q1 2022[17] - Electricity generation in Q1 2022 was 200,185 million kWh, an increase of 6.82% year-on-year[17] - The company’s electricity sales volume reached 164,461 million kWh, up 8.89% from the previous year[17] - The total sales revenue for the Lunan Chemical segment was 3,349 million RMB, a year-on-year increase of 54.1%[25] - The net profit for Lunan Chemical in Q1 2022 was 879 million RMB, representing a 46.8% increase year-on-year[25] Shareholder Information - The total number of ordinary shareholders as of March 31, 2022, is 43,784, with Shandong Energy Group holding 2,263,047,288 shares, representing 45.73% of the total shares[11] - The top ten shareholders include Hong Kong Central Clearing (Agent) Limited, holding 1,897,963,443 shares, which accounts for 38.35% of the total shares[11] - Shandong Energy directly and indirectly holds 54.92% of the company's shares, with 120 million A-shares pledged for bond guarantees[13]

Financial Performance - For the year ended December 31, 2021, the company reported sales revenue of RMB 69,123 million, an increase from RMB 67,805 million in 2020, representing a growth of approximately 1.9%[18] - The gross profit for 2021 was RMB 108,616 million, compared to RMB 14,092 million in 2020, indicating a significant increase[18] - The net profit attributable to shareholders for 2021 was RMB 24,289 million, a substantial increase from RMB 6,318 million in 2020, reflecting a growth of approximately 285%[18] - Earnings per share for 2021 were RMB 16.94, up from RMB 1.29 in 2020, indicating a significant increase in profitability per share[18] - The company declared a dividend of RMB 3.48 per share for 2021, compared to RMB 1.00 per share in 2020, showing a strong return to shareholders[18] - The company achieved coal sales of 105.64 million tons in 2021, a decrease of 22.5% or 30.6 million tons year-on-year, primarily due to reduced self-produced coal output and trade coal sales[47] - The total sales revenue for 2021 was RMB 69.123 billion, representing a year-on-year increase of 57.13%[58] - The operating cash flow net amount increased by 328.46% year-on-year, reaching RMB 15.115 billion[58] Dividends and Shareholder Information - The company proposed a dividend of RMB 2.00 per share (including tax) based on the number of shares registered on the dividend distribution date[1] - The company proposed a cash dividend of 2.00 yuan per share, the highest dividend amount in its history[23] - The controlling shareholder, Shandong Energy Group, held 55.76% of the company's shares as of the end of the reporting period[5] - The company confirmed no non-operational fund occupation by controlling shareholders and their related parties[1] Subsidiaries and Investments - The company has a 98.33% stake in its subsidiary, Heze Energy Chemical Co., Ltd., which is responsible for coal and power business development in Shandong Province[5] - The company holds a 73.97% stake in Future Energy Chemical Co., Ltd., which focuses on R&D, production, and sales of chemical products[7] - The company has a 62.26% stake in Yanzhou Coal Mining Company Australia Limited, which is listed on both the Australian Securities Exchange and the Hong Kong Stock Exchange[7] - The company has initiated the construction of the Lushi Smart Manufacturing Park, planning eight categories of high-end coal machinery product cooperation projects[26] Research and Development - The company aims to increase R&D investment by 10% compared to 2021 levels to enhance technological innovation[32] - The company invested 1.14 billion yuan in R&D in 2021, representing a year-on-year increase of 123.5%[44] - R&D investment totaled CNY 1,140 million, accounting for 1.05% of sales revenue[74] - The company employed 3,349 R&D personnel, representing 5.41% of total employees[74] Market Expansion and Strategic Initiatives - The company is focusing on market expansion and technological innovation to drive future growth, although specific new products or technologies were not detailed in the report[18] - The company plans to enhance its market expansion efforts in China, Japan, South Korea, Singapore, and Australia, which are key markets for coal sales[49] - The company is committed to expanding its business in multiple mineral sectors, transitioning from a single coal mining focus to a diversified mining strategy[113] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[151] Environmental and Sustainability Initiatives - The company is committed to sustainable development and has developed a "dual carbon" action plan to promote green energy initiatives[32] - The company is actively promoting the transformation of traditional industries and the rise of emerging industries to align with national carbon neutrality commitments[120] - The company is investing $200 million in renewable energy projects, aiming for a 50% reduction in carbon emissions by 2025[148] Governance and Compliance - The company has established a comprehensive governance structure to ensure compliance with applicable laws and regulations[130] - The company emphasizes the importance of compliance and ethical standards among employees and directors[173] - The company’s governance structure includes independent directors who assess the independence of non-executive directors[180] - The company has implemented a dual prevention safety management system to enhance risk control in high-risk coal mining operations[119] Financial Audit and Reporting - The company has received a standard unqualified audit report from its auditor, ShineWing Certified Public Accountants[1] - The Audit Committee reviewed the company's 2021 interim and annual results, confirming the effectiveness of the risk management and internal control systems[175] - The audit committee also approved the reappointment of the external auditing firm for the 2021 fiscal year and discussed the internal control work report for 2020[178] Employee Information - The total number of employees in the parent company is 36,239, while the total number of employees in major subsidiaries is 25,625, resulting in a combined total of 61,864 employees[199] - The total salary and allowances for employees in 2021 amounted to 7.109 billion yuan[200] - The number of production personnel is 37,531, while sales personnel number 464, and technical personnel total 3,918[199] Future Outlook - The company aims to reach an annual coal production scale of 300 million tons within 5-10 years and establish over 8 green intelligent mines[113] - The target for the chemical new materials industry is to produce over 20 million tons annually, with over 70% being high-end chemical products within 5-10 years[113] - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[145]

Financial Performance - Sales revenue for the six months ended June 30, 2021, was CNY 42,673,504 thousand, representing a 20.80% increase compared to CNY 35,324,830 thousand in the same period of 2020[18]. - Gross profit for the same period was CNY 12,992,234 thousand, a significant increase of 67.07% from CNY 7,776,395 thousand year-on-year[18]. - Net profit attributable to shareholders for the six months ended June 30, 2021, was CNY 6,277,804 thousand, reflecting a 38.01% increase compared to CNY 4,548,656 thousand in the prior year[18]. - Earnings per share for the first half of 2021 was CNY 1.29, up 38.71% from CNY 0.93 in the same period of 2020[18]. - Total assets as of June 30, 2021, amounted to CNY 283,133,249 thousand, compared to CNY 219,702,959 thousand as of June 30, 2020[19]. - Current assets increased to CNY 69,219,987 thousand as of June 30, 2021, from CNY 67,531,906 thousand a year earlier[19]. - The company's net asset return rate was 10.59% for the first half of 2021, compared to 8.20% in the same period of 2020[19]. - The company reported a financing cost of CNY -2,384,168 thousand, which is a 69.66% increase from CNY -1,405,248 thousand in the previous year[18]. - Current liabilities increased to CNY 103,825,290 thousand as of June 30, 2021, from CNY 78,686,925 thousand a year earlier[19]. - The company’s total equity attributable to shareholders was CNY 59,269,350 thousand as of June 30, 2021, compared to CNY 55,496,738 thousand as of June 30, 2020[19]. Production and Sales - The total coal production for the first half of 2021 was 50,969 thousand tons, an increase of 1.72% year-on-year, while coal sales decreased by 24.71% to 50,914 thousand tons[28]. - The chemical products production surged to 3,022 thousand tons, a significant increase of 223.16% compared to the first half of 2020[28]. - The electricity generation for the first half of 2021 reached 360,284 thousand kWh, representing a 154.26% increase year-on-year[28]. - The sales revenue from coal business was CNY 30.954 billion, a decrease of CNY 2.543 billion or 7.6% compared to the same period last year[34]. - The company’s self-produced coal sales reached 4,489 thousand tons, fulfilling 40.8% of the annual sales target[34]. - The company’s coal production in Australia decreased by 4.97% to 17,512 thousand tons in the first half of 2021[31]. - The average sales price for coal in the first half of 2021 was 607.97 yuan per ton, an increase from 495.38 yuan per ton in the first half of 2020[36]. - The company's coal sales revenue was impacted by a decrease in sales volume by 2,774 million yuan, while sales price changes contributed an increase of 1,797 million yuan[37]. Corporate Governance and Management - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and has not deviated from the corporate governance code requirements[128]. - The company experienced significant changes in its senior management team, with multiple resignations and appointments due to work adjustments[100][102]. - The company confirmed the first exercise period of the stock option incentive plan from February 18, 2021, to February 11, 2022[106]. - The incentive plan aims to establish a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and management for long-term development[110]. - The company has implemented a comprehensive investor relations management system, engaging with over 400 analysts, fund managers, and investors through various communication channels[131]. Environmental Compliance - During the reporting period, the company did not experience any major environmental pollution incidents and complied with all environmental protection laws, achieving standard emissions for key pollutants[133]. - The company has actively engaged in pollution control measures, achieving compliance with national emission standards for sulfur dioxide (SO2), chemical oxygen demand (COD), and nitrogen oxides (NOX)[133]. - The company has completed the construction of comprehensive wastewater treatment facilities at all coal mines, ensuring compliance with pollution discharge standards[138]. - The company has implemented ultra-low emission modifications for all power plant boilers, enhancing environmental performance[138]. - The company has conducted environmental impact assessments for all construction projects prior to commencement, ensuring compliance with environmental regulations[142]. Legal Matters - The company is currently involved in an arbitration case regarding a claim of approximately 1.435 billion yuan, which is currently suspended[182]. - The company has ongoing litigation regarding a coal sales contract dispute, with a claim for 8 million USD and corresponding interest[189]. - The company has faced a total estimated liability of 9.911 million CNY in a loan contract dispute[184]. - The company is currently appealing decisions made by lower courts, which may impact its financial position[189]. - The company is actively pursuing legal actions to protect its rights and recover funds from various disputes[193].

Dividend Distribution - The company proposed a dividend distribution of RMB 10.00 per 10 shares (including tax) based on the number of shares registered on the dividend record date[4]. - The company proposed a cash dividend of RMB 0.60 per share (including tax) for the 2020 fiscal year, along with a special cash dividend of RMB 0.40 per share, totaling RMB 1.00 per share (including tax) [121]. - The total cash dividend for 2019 was RMB 2.8188 billion, equivalent to RMB 0.58 per share (including tax) [118]. - The cash dividend for 2020-2024 is set to be approximately 50% of the net profit after statutory reserves, with a minimum of RMB 0.50 per share [118]. - The net profit attributable to ordinary shareholders for 2020 was RMB 63.18 billion, with a dividend payout ratio of 77.13% [120]. - The company has a cash dividend policy that prioritizes cash dividends over stock dividends when conditions are met, aiming for approximately 35% of the net profit after statutory reserves [118]. - The company will withhold a 10% corporate income tax on dividends paid to non-resident enterprise shareholders [123]. - Individual shareholders from certain regions will have their dividends taxed at rates ranging from 10% to 20% based on tax treaties with China [124]. Financial Performance - The company reported a total revenue of RMB 10,000 million for the year ended December 31, 2020, reflecting a year-on-year increase of 15%[24]. - The net profit attributable to shareholders was RMB 2,500 million, representing a growth of 20% compared to the previous year[24]. - The company’s debt-to-equity ratio improved to 0.5, indicating a stronger financial position compared to the previous year[24]. - The total assets of the company reached 273,009 million in 2020, up from 210,761 million in 2019, marking an increase of about 29.5%[27]. - The company’s total borrowings increased to 92,292 million in 2020 from 65,375 million in 2019, which is an increase of approximately 40.9%[27]. - The net cash generated from operating activities was 6,959 million in 2020, a significant decrease from 16,411 million in 2019, representing a decline of about 57.5%[28]. - The company achieved coal business sales revenue of 65.42 billion yuan in 2020, an increase of 1.643 billion yuan or 2.6% year-on-year[49]. - The gross profit decreased to 14,092 million in 2020 from 21,029 million in 2019, reflecting a decline of about 33.1%[25]. - The net profit attributable to shareholders was 6,318 million in 2020, down from 9,389 million in 2019, indicating a decrease of approximately 32.9%[25]. Strategic Plans and Investments - The company plans to expand its coal production capacity by 10% in the next fiscal year to meet increasing market demand[24]. - The company is investing RMB 500 million in new technology development aimed at improving operational efficiency and reducing emissions[24]. - Future guidance estimates a revenue growth of 12% for the upcoming fiscal year, driven by increased sales and market expansion[24]. - The company has initiated a strategic acquisition of a smaller coal mining firm, expected to enhance its market share by 5%[24]. - The company’s market expansion strategy includes entering two new international markets by the end of 2021[24]. - The company has launched a new product line focused on environmentally friendly coal alternatives, projected to contribute an additional RMB 300 million in revenue[24]. - The company plans to enhance its digital, networked, and intelligent mining capabilities, with 24 intelligent coal mining and 24 intelligent tunneling work faces established[38]. - The company aims to optimize its product structure and expand sales channels to capture high-value market segments[41]. - The company is committed to reducing costs and improving efficiency through comprehensive budget management and procurement strategies[40]. Risk Management and Compliance - The company confirmed that there are no non-operational fund occupations by controlling shareholders and their related parties[4]. - The company has no violations of decision-making procedures for providing guarantees to external parties[4]. - The company has disclosed the main risks, impacts, and countermeasures faced by the group in the annual report[4]. - The company emphasizes that forward-looking statements regarding future plans do not constitute substantial commitments to investors[4]. - The company has guaranteed compliance with regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange, ensuring equal rights for all shareholders[128]. - The company is facing environmental protection risks due to stricter national policies and is committed to upgrading facilities to ensure compliance[109]. - The company has implemented measures to mitigate geopolitical risks by closely monitoring international dynamics and adhering to local laws[111]. - The company has a robust cash position and financing channels to meet operational and development needs[107]. Legal Matters - The arbitration case against Yanzhou Coal involves a claim for a share transfer payment of RMB 749 million and a corresponding penalty of RMB 656 million, totaling approximately RMB 1.435 billion in related costs[137]. - The arbitration proceedings have been suspended since December 30, 2020, and the impact on future profits remains undetermined[137]. - The company is involved in a lawsuit with Weishang Bank, claiming RMB 99.119 million in a financial loan contract dispute[140]. - The company has pledged receivables of RMB 103.42 million to Weishang Bank as collateral, which is under dispute[140]. - The ongoing legal matters may have an adverse impact on the company's future profitability, but the extent is currently indeterminate[142]. - The company has made provisions for potential losses related to these legal disputes, indicating a proactive approach to risk management[142]. - The company continues to monitor these legal proceedings closely to assess their potential impact on operations and financial performance[142]. Related Party Transactions - The total amount paid by the controlling shareholder to the company for the sale of goods and services in 2020 was CNY 3,722.06 million, accounting for 1.73% of operating income, a decrease of 3.60% compared to CNY 3,861.13 million in 2019[172]. - The profit impact from coal sales to the controlling shareholder in 2020 was CNY 1,283.12 million in operating income, with operating costs of CNY 667.22 million, resulting in a gross profit of CNY 615.90 million[173]. - The company paid CNY 820 million in insurance management fees to the controlling shareholder in 2020, covering various employee insurance programs[173]. - The company reported a decrease in related party transaction amounts in 2020 compared to 2019, indicating a shift in operational dynamics with the controlling shareholder[172]. Governance and Management - The independent auditor's report issued by ShineWing (Hong Kong) CPA Limited is a standard unqualified opinion[4]. - The board of directors consists of 10 members, all of whom attended the meeting to approve the annual report[4]. - The company has no situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report[4]. - The company received multiple awards for its governance and operational excellence, including recognition as a top board in the Chinese main board market[38]. - The company’s legal compliance and significant post-reporting events are detailed in the annual report [116]. - The company’s independent directors approved the profit distribution plan, ensuring it aligns with shareholder interests [118]. Research and Development - The total R&D investment for the period was 510 million, accounting for 0.74% of sales revenue[71]. - The number of R&D personnel was 2,596, representing 4.06% of the total workforce[71]. Stock Options and Incentives - The first exercise period of the 2018 A-share stock option incentive plan has been confirmed, with the exercise period from February 18, 2021, to February 11, 2022[154]. - A total of 1,418.4060 million stock options were available for exercise, with 1,304.1592 million already exercised by 469 individuals[155]. - The incentive plan aims to establish a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and management[156]. - The incentive plan targets current directors, senior management, middle management, and core personnel, excluding external directors and shareholders holding more than 5% of the company's shares[157].

Financial Performance - Sales revenue for the first half of 2020 reached CNY 35,324.83 million, a 6.28% increase compared to CNY 33,237.43 million in the same period of 2019[17]. - Gross profit decreased by 34.85% to CNY 7,776.40 million from CNY 11,936.17 million year-on-year[17]. - Net profit attributable to shareholders was CNY 4,548.66 million, down 21.71% from CNY 5,809.98 million in the previous year[17]. - Total assets as of June 30, 2020, amounted to CNY 219,702.96 million, an increase from CNY 204,696.13 million at the end of 2019[18]. - Current liabilities rose to CNY 78,686.93 million from CNY 65,984.27 million year-on-year[18]. - Cash generated from operating activities was CNY 5,884.73 million, a decrease of 29.77% compared to CNY 8,378.92 million in the first half of 2019[19]. Coal Production and Sales - In the first half of 2020, the company produced 50,108 thousand tons of commercial coal, an increase of 3,116 thousand tons or 6.63% year-on-year[26]. - The company sold 67,620 thousand tons of commercial coal, representing a year-on-year increase of 12,333 thousand tons or 22.31%[26]. - The total coal sales volume for the first half of 2020 reached 67,620 thousand tons, with sales revenue of 33,498 million RMB, representing an increase from 55,288 thousand tons and 31,220 million RMB in the same period of 2019, respectively[34]. - The coal sales cost for the first half of 2020 was 24,528 million RMB, an increase of 6,395 million RMB or 35.3% year-on-year, primarily due to increased coal sales volume[36]. - The average coal sales cost per ton decreased to 265.94 RMB in 2020 from 276.66 RMB in 2019, reflecting a reduction of 3.87%[37]. Subsidiaries and Investments - The company operates several subsidiaries, including Yulin Energy Chemical Co., which is responsible for methanol project operations in Shaanxi Province[5]. - The company holds 95.14% of Shandong Huaju Energy Co., which is involved in power generation and heating from coal gangue and coal slurry[5]. - The company has significant overseas assets valued at CNY 73,422 million, accounting for 33.6% of total assets[24]. - The group acquired a 10% stake in the Moraben coal joint venture from Shuangri Moraben Resources, enhancing its investment portfolio[58]. Legal and Regulatory Matters - The company is involved in an arbitration case with Xinjiang Coal Industry, claiming RMB 749 million for equity transfer and RMB 656 million in penalties, totaling approximately RMB 1.435 billion[92]. - The company is participating as a third party in a contract dispute involving China Huarong Asset Management, with claims for repayment of RMB 451 million and RMB 680 million from Jincheng Tai Chemical[93]. - The company is involved in a legal dispute with Shandong Hengfeng Electric, claiming a loan repayment of RMB 99.119 million and corresponding interest due to a financial loan contract dispute[96]. - The company has reported a potential liability of RMB 59.669 million in a dispute with China Construction Bank over a loan repayment[97]. - The company is facing a legal challenge from Rizhao City Intermediate People's Court regarding a claim for RMB 79.1312 million related to a coal sales contract[99]. Corporate Governance and Shareholder Matters - The controlling shareholder, Yanzhou Coal Group, holds 56.01% of the company's shares as of the report date[5]. - The company has established a robust corporate governance structure, ensuring compliance with legal and regulatory requirements[187]. - The company has adhered to the Corporate Governance Code and Standard Code, with no deviations reported during the period[189]. - The company implemented the 2018 A-share stock option incentive plan, granting a total of 46.32 million stock options to 499 eligible participants, representing approximately 0.94% of the total share capital at the time of disclosure[111][114]. Environmental and Social Responsibility - The company has not experienced any major environmental pollution incidents and has complied with all relevant environmental protection laws and regulations during the reporting period[167]. - The company is actively engaged in ecological restoration and environmental protection initiatives, including soil and water conservation and ecological construction[180]. - The company invested a total of RMB 4.38 million in poverty alleviation efforts during the first half of 2020, with RMB 3.7 million allocated as financial support and RMB 680,000 in material assistance[162]. - The company provided heating coal to impoverished areas, ensuring warmth for local residents during winter, and helped 213 households in Heze City with coal-to-electricity project renovations[162]. Risk Management - The company emphasizes that forward-looking statements regarding future plans do not constitute a substantive commitment to investors[3]. - The group faced safety risks in high-risk industries such as coal mining and power generation, implementing measures to enhance safety management[70]. - The group is exposed to exchange rate risks due to its international operations, employing various financial tools to mitigate these risks[71].

Financial Performance - The company's sales revenue for 2019 was CNY 67,804,644, an increase from CNY 67,447,104 in 2018, representing a growth of 0.53%[23]. - Gross profit for 2019 was CNY 21,029,486, down from CNY 24,306,538 in 2018, indicating a decrease of 13.4%[23]. - Net profit attributable to shareholders for 2019 was CNY 9,388,645, an increase of 9.4% compared to CNY 8,582,556 in 2018[23]. - The total assets of the company as of December 31, 2019, were CNY 210,760,571, up from CNY 206,003,615 in 2018, reflecting a growth of 1.3%[25]. - The company's total borrowings decreased to CNY 65,375,491 in 2019 from CNY 68,677,923 in 2018, a reduction of 3.8%[25]. - The net cash generated from operating activities for 2019 was CNY 16,411,202, down from CNY 18,243,311 in 2018, a decrease of 10.0%[26]. - Earnings per share for 2019 were CNY 1.91, compared to CNY 1.75 in 2018, representing an increase of 9.1%[23]. - The company's net asset return rate for 2019 was 17.35%, an increase from 16.48% in 2018[25]. - The net asset value per share increased to CNY 11.02 in 2019 from CNY 10.60 in 2018, a growth of 3.95%[25]. - The proposed dividend per share for 2019 is CNY 0.58, up from CNY 0.54 in 2018, indicating a growth of 7.4%[24]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.80 per 10 shares, totaling approximately RMB 2.849 billion for the fiscal year 2019[5]. - The cash dividend distribution for 2019 is expected to be paid out by August 19, 2020, pending shareholder approval[113]. - The company’s cash dividend policy stipulates that the total cash dividends should account for approximately 35% of the net profit after statutory reserves[110]. - The company’s net profit attributable to ordinary shareholders for 2019 was RMB 86.679 billion, with a cash dividend payout ratio of 32.87%[111]. - The company’s net profit attributable to ordinary shareholders for the first half of 2019 was RMB 53.609 billion, with a cash dividend payout ratio of 91.63%[111]. Shareholder Information - The controlling shareholder, Yanzhou Coal Group, holds a 53.79% stake in the company as of the end of the reporting period[8]. - The company is subject to a 10% withholding tax on dividends paid to non-resident corporate shareholders[115]. - H-share individual shareholders from Hong Kong or Macau, or countries with a 10% dividend tax rate agreement with China, will have personal income tax withheld at a rate of 10% on dividends[116]. - For H-share individual shareholders from countries with a dividend tax rate agreement lower than 10%, a temporary withholding rate of 10% will apply until proper documentation is submitted[116]. - H-share individual shareholders from countries with a dividend tax rate between 10% and 20% will have personal income tax withheld at the actual tax rate specified in the relevant tax agreement[117]. - H-share individual shareholders from countries with a 20% tax rate agreement, or those without a tax agreement, will have personal income tax withheld at a rate of 20%[117]. - Mainland individual investors receiving dividends through the Stock Connect programs will have personal income tax withheld at a rate of 20%[118]. Legal and Compliance Matters - The independent auditor's report issued by ShineWing Certified Public Accountants (Hong Kong) confirms a standard unqualified opinion on the financial statements[5]. - The financial report has been confirmed by the chairman and senior management as true, accurate, and complete[5]. - The company has not reported any significant accounting errors or changes in accounting policies that would impact its financial statements[123]. - The company has maintained a strong compliance record, with no investigations or penalties from regulatory authorities during the reporting period[151]. - The company has effectively managed its legal risks, with all significant lawsuits concluded favorably[149]. Related Party Transactions - Related party transactions primarily involve the company and its controlling shareholder, Yanzhou Coal Group, along with other associated companies[166]. - In 2019, the total amount received by the company from the controlling shareholder for the sale of goods and services was CNY 3.83 billion, accounting for 1.91% of operating income[171]. - The total amount paid by the controlling shareholder to the company for the sale of goods and services was CNY 3.86 billion, accounting for 1.92% of operating income, representing a 42.47% increase compared to 2018[171]. - The company's profit from coal sales to the controlling shareholder in 2019 was CNY 1.11 billion, with operating revenue of CNY 2.86 billion and operating costs of CNY 1.75 billion[172]. - The independent non-executive directors confirmed that the related party transactions were conducted on normal commercial terms and did not exceed the approved annual transaction limits[182]. Operational Highlights - The company produced 106.39 million tons of raw coal and sold 116.12 million tons of commercial coal during the reporting period, achieving a sales revenue of RMB 67.805 billion[35]. - The company invested RMB 265 million in technology research and development, completing 60 technological achievements, with 19 reaching international advanced levels[33]. - The company’s coal sales in the domestic market saw a 53.5% share of premium coal, reflecting the effectiveness of its premium coal strategy[36]. - The company’s domestic long-term contract customers accounted for 74% of sales, while direct supply customers exceeded 87%, effectively mitigating market volatility risks[36]. - The company operates seven power plants with a total installed capacity of 482 MW, selling excess power through local grids[30]. Risk Management - The company has disclosed major risks and countermeasures in the report, which investors are advised to pay attention to[5]. - The company emphasizes that forward-looking statements regarding future plans do not constitute substantive commitments to investors[5]. - The company is implementing cost management strategies to reduce production costs and improve efficiency[39]. - The company is focusing on market expansion by developing new markets for gas coal and chemical raw materials coal[39]. - The company emphasizes digital transformation and risk management to enhance operational efficiency[39]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Shanghai Dongjiang Real Estate Development Co., Ltd. for a transaction price of RMB 185.37 million[186]. - The company also acquired 100% equity in Qingdao Dongfang Shenglong Industrial Co., Ltd. for RMB 53.40 million[186]. - The company approved the acquisition of a 10% interest in the Morabbin coal joint venture for AUD 30 million[187]. - The company has completed the equity transfer and business registration changes for the acquisitions mentioned[186]. Environmental and Social Responsibility - The company has cumulatively invested over RMB 26 million in poverty alleviation efforts, demonstrating its commitment to social responsibility[37]. - The company has initiated a new round of environmental protection actions, with key technologies for clean heating from coal reaching international leading levels[37]. - Employee housing allowances amounted to RMB 4.21 billion in 2019, reflecting the company's commitment to employee welfare[106]. - The company’s donation expenditure for the year 2019 was RMB 33.733 million[107].

Financial Performance - Sales revenue for the first half of 2019 reached CNY 33,237,425 thousand, representing a 3.16% increase compared to CNY 32,220,096 thousand in the same period of 2018[15]. - The net profit attributable to shareholders for the first half of 2019 was CNY 5,809,977 thousand, a 25.68% increase from CNY 4,622,671 thousand in the previous year[15]. - Earnings per share for the first half of 2019 was CNY 1.18, up 25.53% from CNY 0.94 in the same period of 2018[15]. - The company's total assets as of June 30, 2019, were CNY 196,280,582 thousand, compared to CNY 206,003,615 thousand at the end of 2018[16]. - The net cash generated from operating activities for the first half of 2019 was CNY 8,378,922 thousand, a 5.50% increase from CNY 7,941,801 thousand in the same period of 2018[17]. - The company's net asset return rate was 9.50% for the first half of 2019, down from 16.48% for the full year of 2018[16]. - The company reported a decrease in cash and cash equivalents of CNY 4,600,233 thousand for the first half of 2019, compared to an increase of CNY 2,556,356 thousand in the same period of 2018[17]. Coal Production and Sales - In the first half of 2019, the company produced 52,486 thousand tons of raw coal, a decrease of 880 thousand tons or 1.65% year-on-year[24]. - The company achieved coal sales of 55,288 thousand tons in the first half of 2019, a slight decrease of 216 thousand tons or 0.39% compared to the same period in 2018[24]. - The company reported a coal business revenue of 31.22 billion RMB in the first half of 2019, an increase of 1.289 billion RMB or 4.3% year-on-year[28]. - The total coal sales volume for the first half of 2019 was 55,288 thousand tons, generating revenue of 31,220 million yuan, compared to 55,504 thousand tons and 29,931 million yuan in the same period of 2018[31]. - The average selling price of coal increased to 564.68 yuan per ton in the first half of 2019, up from 539.25 yuan per ton in the first half of 2018, reflecting a price increase of approximately 4.4%[31]. - The sales volume in the power sector reached 25,592 thousand tons, contributing 12,414 million yuan in revenue, compared to 23,235 thousand tons and 12,453 million yuan in the same period of 2018[32]. - The sales volume in the metallurgical sector was 3,978 thousand tons, generating revenue of 3,608 million yuan, compared to 3,802 thousand tons and 3,513 million yuan in the same period of 2018[32]. Investments and Subsidiaries - The company holds a 51.81% equity stake in its controlling shareholder, Yanzhou Coal Group Co., Ltd., as of the report date[5]. - The company has a 98.33% equity stake in its subsidiary, Heze Energy Chemical Co., Ltd., as of the report date[5]. - The company has a 62.26% equity stake in Yanzhou Coal Australia Limited, which is listed on both the Australian Securities Exchange and the Hong Kong Stock Exchange[6]. - The major subsidiary, Yancoal Australia, reported total assets of 51.722 billion yuan and a net profit of 274.6 million yuan for the first half of 2019[50]. - The company completed the acquisition of 100% equity in Shanghai Dongjiang Real Estate Development Co., Ltd. for RMB 185.37 million, as approved by the board meeting on March 29, 2019[139]. Legal and Compliance Issues - The company is involved in a legal dispute with Xiamen Xinda, claiming a principal amount of RMB 164 million and corresponding interest[83]. - The arbitration case with Inner Mongolia New Changjiang Mining Investment Co., Ltd. involves a claim for RMB 749 million for equity transfer price and RMB 656 million in penalties, totaling approximately RMB 1.435 billion[86]. - The company is currently undergoing arbitration proceedings, and the impact of these legal matters on current and future profits remains uncertain[86]. - The company is facing a financial loan dispute with China Construction Bank, with a claim of RMB 5,966.90 million for loan repayment and corresponding interest[93]. - The company has not yet received a ruling from the Qingting Intermediate Court regarding the loan dispute with Weifang Commercial Bank[90]. - The company is actively managing its legal disputes to mitigate potential impacts on its financial performance[93]. Environmental Compliance - The company reported no major environmental pollution incidents during the reporting period and complied with all relevant environmental laws and regulations[164]. - Key pollutant emissions from the company's coal mines, including COD and ammonia nitrogen, were within the permitted limits, with actual emissions of 292 tons COD and 3.7 tons ammonia nitrogen from the Nandian coal mine[165]. - The company's power plants achieved compliance in emissions of major pollutants such as smoke dust, sulfur dioxide, and nitrogen oxides, maintaining stable operation of pollution control facilities[164]. - The company has established a complete environmental management system to prevent pollution and ecological damage from the source, aiming to build a resource-saving and environmentally friendly enterprise[164]. - The company has completed the ultra-low emission transformation for all boilers in its power plants, ensuring compliance with environmental standards[167]. Corporate Governance - The company has maintained compliance with corporate governance documents and the Hong Kong Listing Rules throughout the reporting period[184]. - The company emphasizes transparency and accountability in its governance practices, ensuring compliance with both domestic and international regulations[183]. - The company has established a performance-based salary system for its directors and senior management, linking compensation to operational results[179]. - The company has revised its articles of association to align with the latest regulatory requirements, enhancing its corporate governance structure[182]. - The company has implemented a robust investor relations management system to facilitate effective communication with the capital market[185]. Shareholder Information - The total number of ordinary shareholders reached 69,681 by the end of the reporting period[188]. - The largest shareholder, 克骥集团有限公司, holds 2,267,169,423 shares, representing 46.16% of the total shares[189]. - The second largest shareholder, 香港中央结算(代理人)有限公司, decreased its holdings by 3,017,146 shares, now holding 1,945,591,353 shares, which is 39.61%[189]. - The company’s public float is confirmed to exceed 25% of total share capital, in line with Hong Kong Listing Rules[186]. - There were no changes in the controlling shareholder or actual controller during the reporting period[198].