证券代码：600121 证券简称：郑州煤电 公告编号：临 2019-018 郑州煤电股份有限公司 关于参加 2019 年河南上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 召开时间：2019 年 6 月 27 日（星期四）14:30--17:30，16:00 开始网 上交流 召开地点：投资者互动平台 http://rs.p5w.net 召开方式：网络远程在线交流 一、会议类型 郑州煤电股份有限公司（以下简称"公司"）2018 年年度报告 已于 2019 年 4 月 23 日在《中国证券报》《上海证券报》及上海证券 交易所网站（http://www.sse.com.cn）披露。为便于广大投资者更 为全面地了解公司情况，公司特参加由河南上市公司协会主办的河南 辖区上市公司 2019 年网上集体接待日活动，围绕 2018 年年度报告、 公司治理、发展战略、经营状况、融资计划、股权激励、投资者保护、 可持续发展等投资者所关心的问题进行沟通交流。 二、会议召开时间、地点 召 ...

Financial Performance - Operating revenue decreased by 10.87% to CNY 1,003,493,125.26 year-on-year[7] - Net profit attributable to shareholders decreased by 84.40% to CNY 6,470,057.65 compared to the same period last year[7] - Basic earnings per share decreased by 84.31% to CNY 0.0064 compared to the same period last year[7] - The company reported a significant decline in net profit and operating revenue, indicating potential challenges in the market[12] - The company anticipates a significant decline in net profit for the year due to adverse geological conditions affecting coal quality and pricing[15] - The net profit attributable to the parent company was ¥6,470,057.65, down 84.4% from ¥41,469,451.47 in the same period last year[30] - The total comprehensive income attributable to the parent company was ¥23,356,307.65, a decline of 36.1% compared to ¥36,553,201.47 in Q1 2018[30] - The company reported a net loss of ¥34,440,131.67 for Q1 2019, contrasting with a net profit of ¥296,695,662.37 in Q1 2018[33] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 60.41% to CNY 26,246,440.55 year-on-year[7] - The company's cash and cash equivalents increased to ¥4,166,458,312.88, a rise of 32.25% from the beginning of the year, primarily due to increased financing during the period[13] - Cash and cash equivalents increased to CNY 3,372,577,810.72 as of March 31, 2019, up from CNY 2,300,739,417.92 at the end of 2018, indicating improved liquidity[24] - Cash inflow from investment activities was 80,000,000.00 RMB in Q1 2019, consistent with 80,602,900.00 RMB in Q1 2018, indicating stability in investment returns[41] - The net cash flow from financing activities was 156,520,288.78 RMB in Q1 2019, a significant improvement from -33,160,853.23 RMB in Q1 2018, marking a turnaround[41] - The company raised 1,375,000,000.00 RMB in loans during Q1 2019, compared to 540,000,000.00 RMB in Q1 2018, indicating a substantial increase of approximately 154%[41] Assets and Liabilities - Total assets increased by 9.89% to CNY 13,995,730,205.98 compared to the end of the previous year[7] - The total assets of the company reached ¥13,995,730,205.98, an increase from ¥12,735,916,699.56 at the end of the previous year[20] - Total liabilities increased to CNY 9,172,747,623.55 from CNY 8,080,754,071.93, reflecting a growth in financial obligations[26] - The company’s retained earnings decreased to CNY 221,536,990.60 from CNY 255,977,122.27, reflecting a reduction in accumulated profits[26] - The company’s total equity increased slightly to CNY 2,782,141,110.90 from CNY 2,779,936,982.26, indicating stability in shareholder equity[26] Shareholder Information - The total number of shareholders reached 49,085 at the end of the reporting period[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares, with 285,000,000 shares pledged[10] Cost Management - Management expenses decreased by 38.73% to ¥84,777,185.74, primarily due to reduced employee compensation[14] - Financial expenses dropped by 33.77% to ¥39,319,257.95, reflecting lower financing costs[14] - The company reported a decrease in management expenses to CNY 84,777,185.74 from CNY 138,357,803.41, suggesting cost control measures[29] - Total operating costs for Q1 2019 were CNY 953,274,471.05, down from CNY 1,000,488,473.33 in Q1 2018, reflecting a cost reduction strategy[28]

Financial Performance - In 2018, the company achieved a consolidated net profit of CNY 390,274,258.40, with a net profit attributable to the parent company of CNY 152,465,255.40, representing a decrease of 75.70% compared to the previous year[5]. - The company's operating revenue for 2018 was CNY 4,810,226,998.81, down 15.79% from CNY 5,712,399,998.44 in 2017[22]. - Basic earnings per share for 2018 were CNY 0.1502, a decline of 75.70% from CNY 0.6180 in 2017[23]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 124,586,623.51, down 78.75% from CNY 586,217,247.26 in 2017[22]. - The total operating revenue for 2018 was CNY 4.81 billion, a decrease of 15.79% compared to the previous year, while the total profit reached CNY 574 million[38][40]. - The company's gross profit from coal operations decreased by 17.70% to CNY 160,353.28[61]. - The total comprehensive income for the year was CNY 379,016,758.40, down from CNY 843,371,735.93 in 2017, a decline of approximately 55.2%[190]. Cash Flow and Assets - The net cash flow from operating activities for 2018 was CNY 739,733,901.76, an increase of 38.37% from CNY 534,598,707.09 in 2017[22]. - Cash and cash equivalents increased by 70.61% to CNY 3,150,548,364.68, primarily due to increased financing[58]. - The total current assets increased to ¥6,043,218,767.29 from ¥4,723,973,672.60, representing a growth of approximately 28.0% year-over-year[182]. - Cash and cash equivalents at the end of 2018 were CNY 2,300,739,417.92, compared to CNY 1,311,976,505.04 at the beginning of the year, representing an increase of 75.6%[186]. - The company reported a significant increase in other receivables, totaling CNY 1,621,865,057.28, up from CNY 834,600,362.40 in the previous year[186]. Production and Sales - In 2018, the company achieved a coal production of 8.12 million tons and a sales volume of 8.34 million tons, with a year-on-year decrease of 11.83% and 10.57% respectively[46]. - The revenue from coal sales in the domestic market was CNY 3.75 billion, with a slight increase of 3.01%, while revenue from outside the province dropped by 78.68%[48]. - The company's total revenue for Q1 was approximately CNY 1.13 billion, with Q2 and Q3 revenues at CNY 1.26 billion and CNY 1.27 billion respectively, while Q4 revenue dropped to CNY 1.16 billion[25]. - Net profit attributable to shareholders for Q1 was CNY 41.47 million, increasing to CNY 61.28 million in Q2 and CNY 62.04 million in Q3, but turning negative in Q4 with a loss of CNY 12.32 million[25]. Research and Development - Research and development expenses increased significantly by 1,477.56% to CNY 2.16 million, reflecting a focus on innovation[40]. - Research and development expenses for 2018 were CNY 2,157,986.83, a substantial increase from CNY 136,792.46 in 2017, indicating a focus on innovation[189]. Market and Industry Conditions - The company has identified risks related to coal price volatility due to macroeconomic factors, national policies, and market supply and demand changes, which could significantly impact performance[9]. - In 2018, the national coal production increased by 5.2% year-on-year, reaching 3.55 billion tons, indicating a stable demand environment for coal[32]. - The total electricity generation in China for 2018 was 6.99 trillion kWh, reflecting an 8.4% increase year-on-year, which supports the demand for coal in power generation[32]. - The coal market in 2018 experienced stable price fluctuations, with the company benefiting from a pricing mechanism that supports supply stability[33]. Strategic Initiatives - The company proposed a profit distribution plan to distribute a cash dividend of CNY 0.5 per 10 shares and to increase capital by 2 shares for every 10 shares held, resulting in a total share capital of 1,218,412,038 shares post-distribution[5]. - The company plans to enhance its sustainable development capabilities and optimize its structure for better efficiency in the coming years[38]. - The company aims to strengthen its market image by enhancing shareholder value and improving decision-making efficiency[76]. - The company is committed to high-quality development and safety as a prerequisite for growth[76]. Governance and Management - The company has a governance structure that complies with the Company Law and relevant regulations, ensuring effective operation and information disclosure[153]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 8.8945 million yuan, which includes a retroactive performance bonus of 4.3104 million yuan[140]. - The company has not established a long-term incentive mechanism for senior management as of the reporting period[160]. - The management is responsible for ensuring the financial statements are free from material misstatement due to fraud or error, emphasizing the importance of internal controls[174]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, achieving a total pollutant discharge of 97.88 tons of chemical oxygen demand (COD), which is below the permitted limit of 150 tons/year[115]. - The company continues to fulfill its social responsibility by integrating environmental protection into its operational processes[113]. - The company donated 150,000 RMB in special party fees and 300,000 RMB worth of 58 tons of I-beams to support poverty alleviation efforts in Xiniuzhuang Village[110]. - A total of 15 million RMB was allocated for poverty alleviation, with 30 million RMB in material contributions, helping 9 registered impoverished individuals to escape poverty[111].

Financial Performance - Operating revenue decreased by 18.85% to CNY 3.65 billion for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 73.22% to CNY 164.78 million for the first nine months compared to the same period last year[6] - Basic earnings per share decreased by 73.21% to CNY 0.1623 for the first nine months compared to the same period last year[6] - Cash flow from operating activities decreased by 52.27% to CNY 228.07 million for the first nine months compared to the same period last year[6] - The weighted average return on net assets decreased by 15.17 percentage points to 4.76% compared to the same period last year[6] - Operating revenue for the first nine months of 2018 was CNY 3.65 billion, a decrease of 18.8% compared to CNY 4.50 billion in the same period last year[24] - Net profit for the first nine months was CNY 516.49 million, a decline of 44.7% from CNY 932.38 million year-over-year[24] - Total profit for the first nine months of 2018 was ¥159,974,807.68, a decrease of 49.69% compared to ¥317,033,279.63 in the previous year[28] - Operating profit for the first nine months of 2018 was ¥131,878,058.90, down 53.19% from ¥281,579,638.97 in the same period of 2017[28] Assets and Liabilities - Total assets increased by 7.82% to CNY 12.14 billion compared to the end of the previous year[6] - The total assets of the company reached ¥12,141,266,130.10, up from ¥11,260,616,977.42, indicating an increase of 7.8% year-over-year[19] - Total liabilities increased to CNY 7.98 billion, up from CNY 7.02 billion, reflecting a rise of approximately 13.7%[23] - The company's total liabilities increased to ¥7,218,771,079.45 from ¥6,855,967,583.25, reflecting a rise of 5.3%[19] - Short-term borrowings decreased by 37.04% to ¥1,911,000,000.00 from ¥3,035,500,000.00, primarily due to repayment of loans[18] - Accounts payable and notes payable rose significantly by 68.38% to ¥3,614,521,743.34 from ¥2,146,698,879.30, mainly due to the issuance of bank acceptance bills[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 48,780[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares[10] Cash Flow - The company's operating cash flow for the first nine months of 2018 was ¥228,074,178.81, a decrease of 52.4% compared to ¥477,811,133.42 in the same period last year[32] - Total cash inflow from operating activities was ¥3,510,816,650.87, down 24.7% from ¥4,666,569,903.62 year-on-year[32] - Cash outflow for purchasing goods and services was ¥1,492,057,281.97, a decrease of 36.1% from ¥2,332,877,294.05 in the previous year[32] - The net cash flow from investing activities was ¥2,585,515.72, recovering from a negative cash flow of ¥99,518,924.21 in the same period last year[33] - Cash inflow from financing activities totaled ¥4,016,000,000.00, an increase of 15.6% compared to ¥3,475,500,000.00 in the previous year[33] - The company repaid debts amounting to ¥2,545,500,000.00, which is an increase of 49.0% from ¥1,706,000,000.00 last year[33] Other Financial Metrics - Non-operating income for the first nine months amounted to CNY 28.06 million[8] - The company's financial expenses increased by 43.86% to ¥206,997,514.78 from ¥143,886,606.07, attributed to higher financing costs[12] - The company's deferred income tax liabilities decreased by 45.46% to ¥3,907,244.48 from ¥7,164,253.79, primarily due to fair value changes in investments[19] - The company's other comprehensive income decreased by 45.44% to ¥11,721,733.49 from ¥21,482,983.49, mainly due to fair value changes in investments[19] - The company recorded other comprehensive income after tax of -¥8,336,250.00 for Q3 2018, compared to -¥10,647,379.96 in Q3 2017[25] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters to drive future growth[24]

2018 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 2018 年半年度报告 1 / 112 2018 年半年度报告 重要提示 五、 经董事会审议的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 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、 重大风险提示 由于行业特点，本公司生产经营除受矿井安全生产和接替等内部影响外，还可能受到宏观经 济、国家政策和市场供需变化等外部环境因素影响，请投资者密切关注公司定期报告和临时性公 告等信息。除此之外，本公司在"第四节 经营情况的讨论与分析"章节详细介绍公司所面临的 风险，请投资者予以关注。 十、 其他 □适用 √不适用 2 / 112 √适用 □不适用 本报告所涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者及相关人 士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 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 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 ...

2018 年第一季度报告 郑州煤电股份有限公司 2018 年第一季度报告 公司代码：600121 公司简称：郑州煤电 3 / 18 1 / 18 | . | . | 2 | | --- | --- | --- | | | | | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | | 本报告期末 比上年度末 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 增减(%) | | 总资产 | 11,457,537,998.22 | 11,260,616,977.42 | 11,260,616,977.42 | 1.75 | | 归属于上市公司 | 3,429,942,182.96 | 3,308,009,025.00 | 3,308,009,025.00 | 3.69 | | 股东的净资产 | | | | | | ...

Financial Performance - In 2017, the company achieved a net profit of ¥854,815,041.01, with a net profit attributable to shareholders of ¥627,445,968.66, resulting in a basic earnings per share of ¥0.6180[4]. - The company's operating revenue for 2017 was ¥5,712,399,998.44, a decrease of 39.83% compared to ¥9,494,106,702.68 in 2016[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥586,217,247.26, a significant increase of 226.74% from ¥179,415,391.78 in 2016[21]. - The company reported a negative cumulative distributable profit of ¥-131,914,721.23, leading to no cash dividends or stock distributions for 2017[4]. - The company reported a net cash flow from operating activities that decreased due to increased cash expenditures on taxes and salaries[61]. - The company achieved a net profit of 854,815,041.01 RMB for the fiscal year 2017, marking a significant turnaround from a net loss of 554,349,629.38 RMB in the previous year[101]. - The company’s operating profit for 2017 was CNY 1,001,000,819.01, a turnaround from an operating loss of CNY 478,815,903.79 in 2016[181]. - The company reported a total comprehensive income of CNY 843,371,735.93 for 2017, compared to a loss of CNY 568,599,629.38 in the previous year[182]. Assets and Liabilities - The company's total assets at the end of 2017 were ¥11,260,616,977.42, showing a slight increase of 0.12% from ¥11,246,766,505.68 in 2016[21]. - The company's net assets attributable to shareholders increased by 16.88% to ¥3,308,009,025.00 at the end of 2017[21]. - The company's asset-liability ratio stood at 60.88%, indicating a stable financial position despite industry challenges[43]. - The total liabilities decreased to ¥6,855,967,583.25 from ¥7,535,677,700.49, representing a reduction of approximately 9.05%[175]. - Total equity increased to ¥4,404,649,394.17 from ¥3,711,088,805.19, reflecting a growth of about 18.66%[175]. Revenue and Costs - The company's main business revenue from coal was approximately 3.981 billion RMB, with a gross margin of 48.95%, an increase of 9.80 percentage points compared to the previous year[49]. - The company reported a decrease in operating costs by 54.89% to approximately 3.715 billion RMB, contributing to improved profitability[45]. - The total operating revenue for 2017 was CNY 5,712,399,998.44, a decrease of 39.0% compared to CNY 9,494,106,702.68 in the previous year[181]. - Total operating costs for 2017 were CNY 4,722,312,835.79, down 52.7% from CNY 9,973,777,606.47 in 2016[181]. Coal Production and Market - The company’s main business includes coal production and sales, with a focus on high-quality industrial coal sold primarily to regions such as Henan and Hunan[33]. - In 2017, the company achieved a coal production of 9.215 million tons and a total revenue of 5.712 billion RMB, with a profit of 1.04 billion RMB, reflecting a significant operational turnaround[43]. - The coal consumption in China increased by 3.7% year-on-year, with total consumption reaching approximately 3.26 billion tons from January to October 2017[36]. - The coal production in China saw a year-on-year increase of 3.2%, with a total output of 3.445 billion tons in 2017[36]. - Coal imports for 2017 reached approximately 270.9 million tons, reflecting a year-on-year growth of 6.1%[36]. Risk Management - The company faces risks related to coal price volatility, safety production, and environmental policies, which could impact its operations[8]. - The company is focused on risk management, particularly in safety production and market volatility, implementing measures to mitigate these risks[88]. Corporate Governance - The company has committed to ensuring the independence of its business, personnel, institutions, assets, and finances from its controlling shareholder, Zheng Coal Group[95]. - The company has established a clear cash dividend policy in its articles of association, which is subject to adjustment based on actual circumstances[91]. - The company has undergone a reclassification of certain financial statement items, including the adjustment of "other income" by 1,000,000 RMB due to government subsidies[97]. - The company has a structured approach to assess the performance of its directors and senior management, ensuring accountability[140]. Employee Management - The total number of employees in the parent company and major subsidiaries is 17,749, with 11,167 in the parent company and 6,582 in major subsidiaries[143]. - The company has established a salary policy linking total wages to economic performance, ensuring that wage distribution is fair and based on contributions[144]. - A comprehensive employee training program is in place, combining internal and external training to enhance employee skills and support career growth[145]. Future Plans - The company plans to produce 8.2 million tons of raw coal and generate 220 million kWh of electricity in 2018, with an expected total revenue of 3.8 billion RMB[79]. - The company aims to expand its external trade business while ensuring the supply of materials for its production units[33]. - The company plans to accelerate the development of coal mining projects, including the completion of the coal mine industry upgrade project and the new mining project in the western wing of Baiping Coal, ensuring normal production replacement[81]. Related Party Transactions - The total amount of related party transactions reached RMB 95,050.91 million, with a significant portion being market-based transactions[108]. - The company purchased raw coal from its controlling shareholder at a market price of RMB 1,108.17 million, representing 100% of the transaction value[108]. - The company accepted technical and training services from its controlling shareholder, amounting to RMB 3,425.85 million, which is 91.42% of the market price[108]. Audit and Compliance - The audit report confirmed that the financial statements fairly reflect the financial position and operating results of Zhengzhou Coal and Electricity for the year ended December 31, 2017[171]. - The internal control audit report for 2017 received a standard unqualified opinion from the auditing firm[156].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 2,913,044,405.72, a decrease of 40.79% compared to CNY 4,920,043,109.54 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 405,845,393.10, a significant turnaround from a net loss of CNY 192,144,699.55 in the previous year, representing an increase of 311.22%[17]. - Basic earnings per share for the first half of 2017 was CNY 0.40, compared to a loss of CNY 0.19 per share in the same period last year, marking an increase of 310.53%[18]. - The net cash flow from operating activities for the first half of 2017 was CNY 123,684,397.14, a decrease of 68.54% compared to CNY 393,196,463.76 in the same period last year[17]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 375,835,434.15, compared to a loss of CNY 191,625,226.05 in the same period last year, representing an increase of 296.13%[17]. - The company's operating revenue decreased by 40.79% to CNY 2,913,044,405.72 compared to the previous year[36]. - Operating profit improved to ¥595,962,097.24 from a loss of ¥193,333,486.48, indicating a significant turnaround[92]. - Net profit for the period was ¥529,094,064.35, compared to a net loss of ¥199,513,402.72 in the previous period[92]. - The company reported a total profit of ¥619,023,678.75, recovering from a loss of ¥195,338,201.75[92]. Assets and Liabilities - The total assets of the company as of June 30, 2017, were CNY 11,566,150,939.97, reflecting a 2.84% increase from CNY 11,246,766,505.68 at the end of the previous year[17]. - The company's net assets attributable to shareholders increased by 12.36% to CNY 3,180,001,894.98 from CNY 2,830,194,433.56 at the end of the previous year[17]. - Current liabilities totaled CNY 7,172,886,423.87, compared to CNY 7,106,868,420.67, reflecting an increase of about 0.93%[87]. - Non-current liabilities decreased to CNY 194,771,371.15 from CNY 428,809,279.82, a reduction of approximately 54.5%[87]. - Total liabilities decreased to CNY 7,367,657,795.02 from CNY 7,535,677,700.49, a decline of approximately 2.23%[87]. Cash Flow - The company's cash flow from financing activities improved by 56.28%, reducing debt repayment[36]. - The total cash inflow from financing activities was CNY 2,675,000,000.00, a decrease of 13.9% from CNY 3,110,000,000.00 in the same period last year[100]. - The net cash flow from financing activities was negative at CNY -301,519,193.17, compared to CNY -689,728,178.74 in the previous year[100]. - The company experienced a net increase in cash and cash equivalents of CNY 42,398,451.45, compared to a decrease of CNY -240,187,381.76 in the previous year[103]. Industry and Market Conditions - The average price of thermal coal increased by 29% at ports and 49% at production sites compared to the average price for the entire year of 2016[27]. - The coal industry saw a total revenue of 1.3353 trillion yuan in the first half of 2017, a year-on-year increase of 33.9%, with total profits reaching 147.5 billion yuan, up from 9.8 billion yuan in the same period of 2016[27]. - The coal market is stabilizing due to national capacity reduction policies, leading to a rational return of coal prices and improved operational environment[32]. Acquisitions and Investments - The company completed the acquisition of the railway transportation assets from its controlling shareholder, Zhengzhou Coal Group, on June 30, 2017, which led to adjustments in the previous year's financial data[19]. - The company completed the acquisition of part of the assets from Zhengmei Group's railway transportation department, with total book assets amounting to 589 million yuan as of June 30, 2017[28]. - The company sold 1 million shares of Fangzheng Securities, generating an investment income of CNY 6,525,538.96[39]. Risks and Warnings - The company has issued a risk warning regarding the potential delisting of its shares due to consecutive years of negative net profit[5]. - The company has significant risks related to coal price volatility and safety production accidents, which could impact operations[44]. Related Party Transactions - The company reported a total of 34,872.02 million RMB in related party transactions, with an average market price deviation of 12.42%[59]. - The company engaged in various related party transactions, including labor services and procurement, with transaction amounts such as 7,316.27 million RMB for purchasing electricity[58]. - The pricing for related party transactions primarily follows market price principles, with adjustments made based on cost-plus pricing when market prices are unavailable[58]. Corporate Governance - The company continues to maintain good integrity status, with no significant litigation or arbitration matters during the reporting period[55]. - The company has not disclosed any new employee stock ownership plans or other incentive measures during this reporting period[56]. - There were several changes in the board of directors and supervisory board, with new members elected on April 14, 2017[79]. Accounting Policies - The company has adjusted its accounting policy regarding government subsidies, reclassifying 1 million RMB from "non-operating income" to "other income"[69]. - The company recognizes goodwill for the excess of the acquisition cost over the fair value of identifiable net assets acquired, measured at cost less accumulated impairment[125]. - The company confirms deferred tax assets and liabilities based on the temporary differences between the book value of assets and liabilities and their tax bases, using the applicable tax rate expected to be recovered or settled[190].

Financial Performance - Operating revenue decreased by 23.60% to CNY 1,457,233,143.04 compared to the same period last year[7] - Net profit attributable to shareholders was CNY 227,451,144.31, a significant recovery from a loss of CNY 120,994,119.59 in the previous year[7] - Basic earnings per share improved to CNY 0.2240 from a loss of CNY 0.1192[7] - The company's retained earnings grew by 61.23% to ¥598,916,940.90, attributed to increased profits from coal business[15] - The company forecasts significant growth in net profit for the year compared to the same period last year due to rising coal prices[16] - Operating profit for Q1 2017 was ¥326,396,575.78, compared to a loss of ¥123,977,583.24 in the previous year[28] - Net profit for Q1 2017 reached ¥294,487,297.52, a significant recovery from a net loss of ¥128,494,188.86 in the same quarter last year[28] - The net profit attributable to shareholders of the parent company was ¥227,451,144.31, compared to a loss of ¥120,994,119.59 in the previous year[28] - The net profit for the current period was ¥132,283,391.70, up 9.3% from ¥120,585,571.01 in the previous period[32] Assets and Liabilities - Total assets increased by 3.63% to CNY 11,076,458,994 compared to the end of the previous year[7] - Net assets attributable to shareholders rose by 8.82% to CNY 3,079,818,761.74[7] - Total assets at the end of the reporting period were ¥9,039,650,208.28, an increase from ¥8,459,488,021.99 at the beginning of the year[26] - Total liabilities increased to ¥6,699,918,949.51 from ¥6,242,064,488.74 at the beginning of the year[26] - Current assets totaled ¥4,561,606,638.76, up from ¥3,965,222,563.88 at the start of the year, reflecting a growth of 15%[26] Cash Flow - Cash flow from operating activities turned positive at CNY 16,344,101.77, compared to a negative cash flow of CNY -198,225,932.80 in the previous year[7] - The net cash flow from operating activities improved by 108.25% to ¥16,344,101.77, driven by higher coal prices and cost reductions[13] - Cash flow from operating activities showed a net increase of ¥16,344,101.77, a recovery from a net outflow of ¥198,225,932.80 in the previous period[34] - Total cash inflow from operating activities reached CNY 925,813,563.95, compared to CNY 509,408,543.80 in Q1 2016, marking an increase of approximately 81.8%[37] - Cash outflow from operating activities decreased to CNY 587,850,081.93 from CNY 659,837,250.98, a reduction of about 10.9%[37] Shareholder Information - The total number of shareholders reached 56,940[10] - The largest shareholder, Zhengzhou Coal Industry Group, holds 63.83% of the shares, with 321,960,000 shares pledged[11] - The company is currently monitoring potential changes in shareholding and control related to its major shareholder, Zheng Coal Group[14] Government Subsidies and Expenses - The company received government subsidies of CNY 18,703,290.59 related to industrial restructuring[8] - Tax expenses increased by 64.93% to ¥41,964,282.40 primarily due to rising coal prices[13] - Non-operating income surged by 466.01% to ¥18,868,031.93, mainly from government subsidies for industrial restructuring[13] - Income tax expenses rose dramatically by 2143.88% to ¥45,988,299.55, reflecting increased profits[13] Operating Costs - The company's operating costs decreased by 50.34% to ¥895,592,764.04 due to enhanced cost control measures and a reduction in revenue from material circulation business[13] - Total operating costs for Q1 2017 were ¥1,130,836,567.26, down 44.3% from ¥2,031,415,700.80 year-on-year[28] - Sales expenses of ¥16,965,238.98, slightly up from ¥16,701,702.63, indicating a marginal increase of 1.6%[32] - Management expenses rose to ¥53,460,137 from ¥50,287,985.15, marking an increase of 4.3%[32] - Financial expenses increased to ¥59,615,720.67 from ¥53,894,535.56, representing an increase of 10.2%[32]

2016 年年度报告 公司代码：600121 公司简称：郑州煤电 郑州煤电股份有限公司 2016 年年度报告 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。 四、 公司负责人郭矿生、主管会计工作负责人房敬及会计机构负责人（会计主管人员）王锋军声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经亚太（集团）会计师事务所（特殊普通合伙）审计，公司2016年度实现净利润 -556,062,660.45元，归属母公司净利润-629,772,039.88元，基本每股收益-0.6203 元。母公司2016年度实现净利润-508,581,953.93元, 加上年初结转未分配利润 145,082,617.99元，累计可供股东分配的利润总额为-363,499,335.94元。 鉴于2016年国家宏观政策调控和煤炭行业脱困压力对公司生产经营的影响，累计 可供分配利润已为负值，以及2017年公司2对矿井技改项目的继续实施，公司实际经 营中出现了《公司章 ...