Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,178,205,031.41, representing a year-on-year increase of 7.85%[6] - The net profit attributable to shareholders was CNY 64,675,099.55, reflecting a growth of 28.44% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 61,564,803.86, an increase of 32.78% year-on-year[6] - Basic and diluted earnings per share were both CNY 0.0531, up 28.57% from the previous year[6] - Operating profit for Q1 2023 was ¥160,927,442.64, up 7.29% from ¥149,744,577.07 in Q1 2022[23] - Net profit for Q1 2023 was ¥120,417,831.22, representing an increase of 9.88% compared to ¥109,877,928.85 in Q1 2022[23] - Total profit for Q1 2023 was ¥162,825,562.86, an increase of 6.67% from ¥152,557,999.75 in Q1 2022[23] Cash Flow - The net cash flow from operating activities decreased by 66.16% to CNY 111,295,173.42, primarily due to increased cash expenditures for raw materials and labor[10] - Net cash flow from operating activities for Q1 2023 was $111,295,173.42, compared to $328,891,590.81 in Q1 2022, indicating a decrease of approximately 66.2%[25] - Cash inflow from operating activities was ¥1,213,035,128.66 in Q1 2023, slightly down from ¥1,218,203,184.74 in Q1 2022[24] - Cash outflow for operating activities totaled ¥1,101,739,955.24 in Q1 2023, compared to ¥889,311,593.93 in Q1 2022, indicating a significant increase in cash outflows[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,026,855,037.22, a 0.76% increase from the end of the previous year[7] - The company's total liabilities as of March 31, 2023, were RMB 11,202,323,350.52, slightly decreasing from RMB 11,228,314,587.89 at the end of 2022, indicating a reduction of about 0.23%[19] - The company's cash and cash equivalents stood at RMB 3,815,781,532.25, showing a marginal decrease from RMB 3,816,223,856.25 at the end of 2022[17] - Accounts receivable decreased to RMB 948,719,720.52 from RMB 984,249,508.18, representing a decline of approximately 3.61%[17] - The company's inventory decreased to RMB 153,913,402.86 from RMB 167,081,887.77, a reduction of about 8.00%[17] - The company's short-term borrowings decreased to RMB 2,441,930,560.50 from RMB 2,585,750,562.50, a decline of about 5.56%[18] - The company's long-term investments decreased to RMB 433,135,978.14 from RMB 451,270,526.02, indicating a decrease of approximately 4.02%[17] - The company's total current liabilities amounted to RMB 10,266,280,846.16, down from RMB 10,407,209,403.79, a decrease of about 1.36%[19] Shareholder Information - Shareholders' equity attributable to the parent company rose by 4.85% to CNY 1,728,083,784.89[7] - The top shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 51.91% of the shares, with a significant portion pledged[13] - The total equity attributable to shareholders increased to RMB 1,728,083,784.89 from RMB 1,648,098,406.73, reflecting a growth of approximately 4.86%[19] Non-Recurring Items - The company reported non-recurring gains of CNY 3,110,295.69, primarily from government subsidies related to capacity reduction[9] - The company experienced an investment loss of ¥18,134,547.88 in Q1 2023, contrasting with a profit of ¥5,600,470.35 in Q1 2022[22] Management and Reporting - The company did not apply new accounting standards or interpretations for the first quarter of 2023[26] - The report was presented by the company’s management, including the head of accounting and the accounting institution head[26] - The board of directors of Zhengzhou Coal Electricity Co., Ltd. announced the financial results on April 29, 2023[27]

Financial Performance - In 2022, the company achieved a net profit of ¥317,542,515.56, with a net profit attributable to the parent company of ¥68,015,859.75, resulting in a basic earnings per share of ¥0.0558[5]. - The company's operating revenue for 2022 was ¥4,423,100,166.80, representing a 37.69% increase compared to ¥3,212,261,344.71 in 2021[22]. - The net profit attributable to shareholders improved significantly from a loss of ¥214,984,710.83 in 2021 to a profit of ¥68,015,859.75 in 2022[22]. - Basic earnings per share for 2022 was CNY 0.0558, a significant recovery from a loss of CNY -0.1764 in 2021[24]. - The weighted average return on equity increased by 16.88 percentage points to 4.21% in 2022, compared to -12.67% in 2021[24]. - The company's operating revenue reached 4.4223 billion yuan, representing a year-on-year growth of 37.69%, while the total profit amounted to 493 million yuan, an increase of 3.29 billion yuan compared to the previous year[44]. Cash Flow and Assets - The cash flow from operating activities reached ¥1,179,965,964.55, a substantial increase of 2,680.19% compared to ¥42,441,960.83 in the previous year[22]. - Total assets at the end of 2022 amounted to ¥13,921,447,618.55, reflecting a 3.01% increase from ¥13,514,418,305.15 in 2021[22]. - The company's net assets attributable to shareholders were ¥1,648,098,406.73, up 4.16% from ¥1,582,221,966.31 in the previous year[22]. - The company reported a net cash flow from operating activities of approximately 1.18 billion yuan, a significant increase of 2,680.19% year-on-year[45]. Production and Operations - The company achieved a total coal production of 5.99 million tons in 2022, an increase of 880,000 tons year-on-year[34]. - The company completed a project that released an additional production capacity of 300,000 tons at the Gaoceng coal mine[34]. - The company achieved a coal production target of 6.6 million tons and revenue of 4 billion yuan in 2023, with a profit target of 300 million yuan[74]. - The company plans to enhance production efficiency by implementing the "234" project, which includes the construction of 2 intelligent working faces, 3 intelligent mines, and 4 intelligent tunneling faces[76]. Safety and Environmental Management - The company invested CNY 396 million in safety management throughout the year, reflecting a commitment to operational safety[32]. - The company conducted safety training for 6,355 employees, exceeding the planned target by 132%[32]. - The company maintained a focus on enhancing disaster management and safety protocols, ensuring comprehensive video coverage of gas management drilling[33]. - The company achieved a 100% safe disposal rate for solid and hazardous waste during the reporting period[135]. - The company has implemented a comprehensive pollution control system, ensuring that all pollutants are discharged within regulatory limits[135]. Research and Development - Research and development expenses increased by 9.65% year-on-year, totaling approximately 12.67 million yuan[45]. - The company has focused on innovation-driven development, increasing R&D investment in gas management and intelligent mining technologies[61]. - The company employed 349 R&D personnel, accounting for 3.07% of the total workforce[60]. Governance and Management - The company has established a robust internal control system to enhance governance and risk prevention capabilities, aligning with regulatory requirements[86]. - The company has a structured salary policy linked to economic performance, ensuring that salary adjustments are made based on the completion of performance indicators[118]. - The company has implemented a performance assessment system to determine the remuneration of directors, supervisors, and senior management based on annual performance[102]. - The company has a total of 14 board members and senior management listed in the report[94]. Market and Economic Outlook - The company anticipates a GDP growth of over 5% in 2023, with coal prices expected to return to a more stable range due to the release of quality production capacity[71]. - The company recognizes safety production risks and market volatility risks as significant challenges and will implement measures to mitigate these risks[81]. - The company is committed to optimizing its industrial layout and accelerating structural adjustments to mitigate macroeconomic fluctuations affecting the coal industry[83]. Related Party Transactions - The total amount of related party transactions for the year reached RMB 123,764.07 million, with significant transactions including the purchase of electricity for RMB 12,762.78 million, accounting for 39.85% of similar transaction amounts[164]. - The company has ongoing related party transactions that are essential for its operations, ensuring resource and cost advantages[162]. Community Engagement and Social Responsibility - Total investment in poverty alleviation and rural revitalization projects amounted to 102.50 million yuan, benefiting 80 individuals[144]. - The company donated 58 tons of steel to build a feed processing plant, reducing costs by 300,000 yuan annually and creating 6 jobs for impoverished individuals[146]. - The meat rabbit breeding base produced 150,000 rabbits in 2022, generating a revenue of 10 million yuan through direct sales[146].

2022 年第三季度报告 证券代码：600121 证券简称：郑州煤电 郑州煤电股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 983,236,444.33 | 57.25 | 3,229,404,434.79 ...

2022 年半年度报告 公司代码：600121 公司简称：郑州煤电 郑州煤电股份有限公司 2022 年半年度报告 1 / 146 2022 年半年度报告 重要提示 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 作为我国重要的一次性能源，煤炭受宏观经济、国家政策和市场供需等变化影响，煤炭价格 存在波动风险，对公司业绩有较大影响。相关内容详见第三节管理层讨论与分析"五、其他披露 事项（一）可能面对的风险"。 十一、 其他 □适用 √不适用 2 / 146 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司 ...

Group 1: Event Details - Zhengzhou Coal Electricity Co., Ltd. will participate in the "Sincere Communication, Delivering Value" online collective reception day for investors on May 30, 2022, from 15:30 to 17:00 [2] - The event will be held remotely via the "Panorama Roadshow" platform, allowing investors to join online [2] - Key personnel attending include the Chairman or General Manager, Board Secretary, and Financial Department Head [2] Group 2: Communication Objectives - The management will discuss the 2021 annual report, the 2022 first-quarter report, corporate governance, development strategy, and operational status [2] - Investors are encouraged to submit questions in advance to enhance communication effectiveness, with a deadline for submissions set for May 27, 2022, at 15:00 [2] Group 3: Post-Event Information - After the event, investors can view the meeting details and main content on the "Panorama Roadshow" platform [3] - The company invites broad participation from investors to ensure a comprehensive dialogue [3]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,092,464,640.29, representing a year-on-year increase of 31.41%[4] - The net profit attributable to shareholders was CNY 50,355,531.43, with a significant increase in coal revenue and gross margin contributing to this growth[7] - The total profit for Q1 2022 was ¥152,557,999.75, a significant increase from ¥10,192,035.58 in Q1 2021, representing a growth of approximately 1,397%[18] - The net profit for Q1 2022 reached ¥109,877,928.85, compared to a net loss of ¥751,893.77 in Q1 2021, indicating a turnaround in profitability[18] - Operating profit for Q1 2022 was CNY 149,744,577.07, compared to CNY 9,852,287.81 in Q1 2021, indicating significant growth[17] - The basic and diluted earnings per share were both CNY 0.0413, driven by the increase in net profit attributable to shareholders[4] - The company reported a basic earnings per share of ¥0.0413 in Q1 2022, compared to a loss per share of ¥0.0262 in Q1 2021[18] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 328,891,590.81, indicating improved profitability and strong customer payments during the reporting period[7] - The net cash flow from operating activities for Q1 2022 was ¥328,891,590.81, a recovery from a net cash outflow of ¥153,064,098.00 in Q1 2021[21] - Cash and cash equivalents as of March 31, 2022, were CNY 3,537,005,346.48, an increase from CNY 3,072,319,600.00 at the end of 2021[12] - Cash and cash equivalents at the end of Q1 2022 were ¥790,261,232.16, up from ¥330,776,428.71 at the end of Q1 2021, indicating a growth of approximately 138%[22] - The net cash flow from financing activities for Q1 2022 was -¥125,052,449.88, a decrease from a positive cash flow of ¥52,816,012.91 in Q1 2021[22] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to CNY 13,822,347,493.86, reflecting a 2.28% increase compared to the end of the previous year[5] - Total assets as of March 31, 2022, were CNY 13,822,347,493.86, up from CNY 13,514,418,305.15 at the end of 2021[14] - Total liabilities increased to CNY 11,148,900,511.22 from CNY 10,988,220,805.52 at the end of 2021, reflecting increased borrowing[14] - The company incurred a loss of CNY 673,303,231.08 in retained earnings, an improvement from a loss of CNY 723,658,762.51 at the end of 2021[14] - The company’s total liabilities increased, with cash received from borrowings amounting to ¥348,930,569.50 in Q1 2022, down from ¥864,550,802.88 in Q1 2021[22] Shareholder Information - The company had a total of 99,323 common shareholders at the end of the reporting period[9] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., held 57.65% of the shares, with 388,230,000 shares pledged[9] Operating Costs and Efficiency - Total operating costs for Q1 2022 were CNY 960,668,029.04, up 19.2% from CNY 805,928,493.06 in Q1 2021[17] - Accounts receivable decreased to CNY 1,304,651,778.49 from CNY 1,400,216,124.65 at the end of 2021, reflecting improved collection efficiency[12] - Inventory decreased to CNY 161,717,109.37 from CNY 236,632,656.51 at the end of 2021, indicating better inventory management[12] - The company incurred operating expenses of ¥889,311,593.93 in Q1 2022, slightly higher than ¥836,268,599.01 in Q1 2021[21] Revenue Drivers - The increase in operating revenue was primarily due to the rise in commodity coal prices compared to the same period last year[7] - Sales revenue from goods and services received cash amounted to ¥1,189,185,625.42 in Q1 2022, up from ¥647,413,497.74 in Q1 2021, reflecting an increase of approximately 83.5%[21]

Financial Performance - In 2021, the company reported a net profit attributable to shareholders of -214,984,710.83 RMB, with a basic earnings per share of -0.1764 RMB[4]. - The company's operating revenue for 2021 was 3,212,261,344.71 RMB, representing a 15% increase compared to 2,793,337,246.31 RMB in 2020[18]. - The total assets at the end of 2021 were 13,514,418,305.15 RMB, a decrease of 6.49% from 14,452,403,675.92 RMB in 2020[19]. - The company's net assets attributable to shareholders decreased by 12.59% to 1,582,221,966.31 RMB from 1,810,072,322.53 RMB in 2020[19]. - The cash flow from operating activities for 2021 was 42,441,960.83 RMB, a significant improvement from -114,256,178.03 RMB in 2020[18]. - The weighted average return on equity for 2021 was -12.67%, an improvement of 28.58 percentage points from -41.25% in 2020[20]. - The company achieved a 90.45% reduction in net profit attributable to shareholders after excluding non-recurring gains and losses, compared to 2020[20]. - The company reported a loss of RMB 9,753,801.12 due to asset impairment from natural disasters, specifically related to flooding that damaged equipment[23]. - The company reported a net profit of 36.25 million yuan for the year, with total assets amounting to 321.19 million yuan and net assets of 153.48 million yuan[70]. Revenue and Sales - In 2021, the company reported total operating revenue of RMB 3,212,261,345.71, with quarterly revenues of RMB 552,116,681.20 in Q1, RMB 964,730,577.23 in Q2, RMB 625,275,179.17 in Q3, and RMB 1,070,138,907.11 in Q4[21]. - The company achieved a coal production of 5.11 million tons and sales of 5.38 million tons, with a total revenue of 3.2 billion yuan and a profit of 164 million yuan[46]. - The comprehensive selling price of commodity coal (excluding tax) reached 527 yuan per ton, an increase of 193 yuan per ton year-on-year, resulting in an additional revenue of 1.038 billion yuan[33]. - The coal industry saw a revenue increase of 58.3% year-on-year, reaching 3.28966 trillion yuan, while total profit surged by 221.7% to 702.31 billion yuan[41]. - The company’s total revenue for the reporting period was approximately 1.7 billion RMB, with the top five customers accounting for 52.94% of total revenue[56]. Costs and Expenses - Operating costs decreased by 13.92% to CNY 2,122,652,187.32 from CNY 2,465,781,591.95, primarily due to a reduction in sales volume[47]. - Management expenses surged by 62.56% to CNY 741,207,169.78, primarily due to losses from production stoppages caused by regional policies and severe weather events[48]. - Financial expenses decreased by 27.38% to CNY 196,326,590.48, attributed to reduced interest expenses and increased interest income[48]. - Research and development expenses increased by 17.68% to CNY 11,554,992.66, reflecting the company's commitment to enhancing its R&D capabilities[47]. Market and Industry Conditions - The average coal price fluctuated significantly, peaking at 2,600 yuan per ton in October 2021, before experiencing a sharp decline due to supply policies[40]. - The coal consumption in China reached 2.934 billion tons in 2021, marking a year-on-year growth of 4.6%, with the power sector accounting for 56.4% of total consumption[39]. - The coal import volume for 2021 was 32.3216 million tons, with a total import value of 231.93 billion yuan, reflecting a 64.1% increase from the previous year[39]. - The company faced production disruptions due to regional policy shutdowns and severe weather, resulting in a production shortfall of approximately 1.5 million tons and a revenue loss of about 973 million yuan[46]. Safety and Risk Management - The company emphasized safety and risk management, implementing a three-year action plan for safety production and enhancing internal control systems[27]. - The company is focused on enhancing its risk resistance capabilities in response to potential market fluctuations[6]. - The company aims to enhance its emergency response capabilities by improving flood prevention plans and conducting drills[80]. - The company has established a safety production responsibility system that ensures accountability at all levels[79]. - The company is committed to improving operational efficiency through technological advancements and management innovations to control costs[92]. Governance and Compliance - The company has implemented a comprehensive assessment mechanism for directors and senior management based on production, safety, and operational budget execution[127]. - The internal control system was evaluated as effective with no significant deficiencies reported as of December 31, 2021[128]. - The company has made significant progress in governance and compliance, completing several rectification measures related to fund management and internal controls[132]. - The company received a warning letter from the China Securities Regulatory Commission on September 29, 2021, which was recorded in the securities and futures market integrity file[108]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system, ensuring compliance with environmental regulations and achieving pollutant discharge standards[137]. - The company achieved a 100% safe disposal rate for solid and hazardous waste, and its wastewater treatment capacity is 2,500 cubic meters per hour[137]. - The company has actively participated in social responsibility initiatives, including disaster relief and poverty alleviation efforts, enhancing its community engagement[144]. - The company’s efforts in poverty alleviation led to recognition, with a village being awarded "Civilized Village" status and a company representative receiving an advanced individual honor[147]. Future Outlook and Strategic Plans - The company aims to achieve a coal production target of 6.6 million tons in 2022, with a revenue goal of 3.9 billion yuan and a total profit target of 458 million yuan[77]. - The company is committed to transitioning towards high-quality development characterized by green, low-carbon, and intelligent practices in line with national "dual carbon" strategies[72]. - The company plans to focus on safety management and risk prevention, emphasizing the importance of adhering to safety protocols and enhancing coal quality control[74]. - The company aims to enhance its core competitiveness by expanding external markets and increasing the proportion of external revenue and profit in total income and profit[86].

2021 年第三季度报告 证券代码：600121 证券简称：郑州煤电 郑州煤电股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 12 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 625,275,179.17 -19.33 2,142,122,437.60 6.78 归属于上市公司股东的 净利润 -184,282,064.87 -91.09 -72,589,572.55 82.17 归属于上市公司股东的 ...

2021 年半年度报告 公司代码：600121 公司简称：郑州煤电 郑州煤电股份有限公司 2021 年半年度报告 1 / 132 2021 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人于泽阳、主管会计工作负责人张海洋及会计机构负责人（会计主管人员）房敬声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，请投 资者注意投资风险。 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 作为我国重要的一次性能源，煤炭受宏观经济、国家政策和市场供需等变化影响，公司煤炭 产品价格存在波动风险，对公司业绩有 ...

Financial Performance - Operating revenue increased by 40.65% to CNY 831,332,153.99 year-on-year[6] - Net profit attributable to shareholders improved by 78.25%, reaching a loss of CNY 31,893,984.62 compared to a loss of CNY 146,626,504.33 in the same period last year[6] - Net cash flow from operating activities improved by 72.52%, with a net outflow of CNY 153,064,098.00[6] - Basic earnings per share increased by 78.22%, amounting to CNY -0.0262 per share[6] - The weighted average return on equity increased by 3.67 percentage points to -1.74%[6] - The net profit improved by 99.47%, reaching a loss of ¥751,893.77 compared to a loss of ¥140,958,750.43 in the same period last year, due to increased coal prices[11] - The company reported a significant increase in taxes and surcharges by 82.70% to ¥46,647,145.36, driven by higher coal revenue leading to increased resource taxes[11] - The company reported a total comprehensive loss attributable to shareholders of ¥31,893,984.62 for Q1 2021, compared to a loss of ¥146,626,504.33 in Q1 2020[26] Assets and Liabilities - Total assets decreased by 9.93% to CNY 13,016,558,294.97 compared to the end of the previous year[6] - The company's cash and cash equivalents decreased by 38.27% to ¥2,350,867,787.97 from ¥3,808,538,656.95, primarily due to the repayment of maturing notes[11] - Current liabilities decreased to ¥9,984,311,722.34 from ¥11,496,653,033.76, indicating improved liquidity management[18] - The company's total equity increased to ¥2,642,820,773.22 from ¥2,566,551,529.86, showing a positive trend in shareholder equity[18] - The total assets as of March 31, 2021, were ¥11,641,232,483.89, down from ¥13,099,792,876.65 at the end of 2020[22] - Current assets decreased to ¥5,185,049,364.60 from ¥6,675,438,713.04 at the end of 2020, a decline of 22.3%[21] - Current liabilities decreased to ¥9,195,552,768.10 from ¥10,711,104,989.85, a reduction of 14.1%[22] Shareholder Information - The total number of shareholders reached 135,650 at the end of the reporting period[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares, with 777,671,056 shares pledged[10] Research and Development - Research and development expenses surged by 3719.93% to ¥2,666,746.17 from ¥69,811.31, reflecting increased investment in R&D[11] - Research and development expenses rose significantly to ¥2,666,746.17 from ¥69,811.31, indicating a focus on innovation[25] Cash Flow - The cash flow from operating activities showed a net outflow of -¥153,064,098.00, an improvement from -¥556,947,986.19 in Q1 2020[34] - The company reported a cash inflow of $417.43 million from other financing activities, down from $798.78 million in Q1 2020, a decrease of 47.8%[39] - Total cash outflow from operating activities was $804.39 million, down from $1.02 billion in Q1 2020, a decrease of 21.1%[38] Investment Income - Investment income rose significantly by 11992.59% to ¥9,758,039.86, attributed to higher returns from joint venture investments[11] - The company achieved investment income of ¥9,712,432.00 in Q1 2021, compared to a loss of ¥190,332,000.00 in Q1 2020[30] Operational Costs - Operating costs for Q1 2021 were ¥805,928,493.06, up from ¥728,876,311.29 in Q1 2020, reflecting a rise of 10.6%[25]