Financial Performance - Operating revenue decreased by 57.31% to CNY 413,123,606.91 compared to the same period last year[5] - Net profit attributable to shareholders was CNY -241,373,628.96, a significant decline from CNY -62,455,672.85 in the previous year[5] - The company reported a net loss of approximately 292.10 million RMB, compared to a net loss of 69.63 million RMB in the same period last year[9] - Net loss for Q1 2015 was CNY 292,102,542.38, compared to a net loss of CNY 69,626,142.66 in Q1 2014, representing an increase in loss of 319.5%[20] - The net profit for the current period is a loss of ¥169,797,968.74, compared to a loss of ¥46,910,240.75 in the previous period, indicating a significant decline in profitability[22] Assets and Liabilities - Total assets decreased by 1.96% to CNY 7,608,755,189.64 compared to the end of the previous year[5] - The total assets as of March 31, 2015, were CNY 6,987,804,269.32, slightly down from CNY 6,999,412,791.14 at the beginning of the year[18] - The total liabilities amounted to approximately 5.91 billion RMB, an increase from 5.77 billion RMB at the beginning of the year[15] - Total liabilities as of March 31, 2015, were CNY 5,295,052,074.70, an increase from CNY 5,136,765,267.09 at the start of the year[18] - Short-term borrowings increased by 31.17%, reaching approximately 1.47 billion RMB due to additional loans from financial institutions[9] - Short-term borrowings increased to CNY 1,418,281,894.42 from CNY 1,069,331,894.42 at the beginning of the year, reflecting a rise of 32.5%[18] Cash Flow - Net cash flow from operating activities was CNY -151,024,953.65, a decrease of 842.50% compared to the same period last year[5] - The operating cash flow for the current period is a net outflow of ¥151,024,953.65, contrasting with a net inflow of ¥20,340,177.06 in the previous period[24] - The cash flow from financing activities showed a net inflow of ¥164,145,325.47, compared to a net outflow of ¥259,779,417.02 in the previous period, indicating improved cash management[25] Shareholder Information - The total number of shareholders was 115,832 at the end of the reporting period[8] - The largest shareholder, Li Anmin, holds 31.57% of the shares, totaling 317,807,116 shares[8] Earnings Per Share - Basic and diluted earnings per share were both CNY -0.24, compared to CNY -0.06 in the previous year[5] - Basic and diluted earnings per share for Q1 2015 were both CNY -0.24, compared to CNY -0.06 in Q1 2014[21] - The company reported a basic and diluted earnings per share of -¥0.17, compared to -¥0.05 in the previous period, reflecting worsening financial performance[22] Operating Costs and Expenses - Total operating costs for Q1 2015 were CNY 714,237,119.86, down 31.7% from CNY 1,044,794,599.94 year-over-year[20] - The company's management expenses decreased by 31.41%, totaling approximately 35.43 million RMB, mainly due to reduced salaries and repair costs[9] - The total operating expenses increased, with financial expenses rising to ¥43,494,883.30 from ¥38,072,123.84 in the previous period[22] Asset Impairment - The asset impairment loss increased significantly by 880.67%, totaling approximately 147.19 million RMB due to increased receivables[9] - The company experienced a significant increase in asset impairment losses, which rose to ¥96,830,981.71 from ¥13,021,689.57 in the previous period[22] Non-Operating Income - Non-operating income for the period included CNY 7,056,000 from the disposal of non-current assets[6] - The company achieved operating income from non-operating activities of approximately 9.80 million RMB, a 142.14% increase year-on-year[9] Debt Management - The company is actively negotiating repayment plans with related parties to address outstanding debts[10]

Financial Performance - The company's operating revenue for 2014 was CNY 3,357,249,307.77, a decrease of 25.12% compared to CNY 4,483,766,368.03 in 2013[27] - The net profit attributable to shareholders for 2014 was a loss of CNY 680,314,834.53, compared to a loss of CNY 242,990,546.00 in 2013[27] - The net cash flow from operating activities was negative CNY 754,889,758.87, a decline of 300.31% from a positive CNY 376,867,523.79 in 2013[27] - The basic earnings per share for 2014 was -CNY 0.68, compared to -CNY 0.24 in 2013[28] - The weighted average return on net assets was -36.82% in 2014, a decrease of 26.27 percentage points from -10.55% in 2013[28] - The company reported a significant increase in financial costs, rising by 32.80% to RMB 336.57 million[34] - The company reported a net profit of -16,409.77 million yuan and total assets of 177,769.96 million yuan[65] - The net loss for 2014 was ¥857,114,903.96, compared to a net loss of ¥358,875,419.21 in the previous year, reflecting a significant increase in losses[163] - The total owner's equity decreased to ¥1,862,647,524.05 from ¥2,261,127,229.40, a decline of approximately 17.6%[160] Operational Challenges - The company has faced significant operational challenges and risks, which are detailed in the board report section of the annual report[11] - The company plans to implement production cuts and optimize operations in response to the challenging market environment[32] - The company is facing challenges from overcapacity and financing difficulties in the steel and coke industry, but sees opportunities in the government's economic strategies and infrastructure projects[63] - The company is exposed to resource supply risks, particularly in coal and iron ore markets, and is working to secure stable raw material sources through partnerships[68] Assets and Liabilities - The total assets at the end of 2014 were CNY 7,760,828,105.15, an increase of 2.53% from CNY 7,569,188,785.99 at the end of 2013[27] - The company's equity attributable to shareholders decreased from CNY 2,178,814,615.77 to CNY 1,500,843,422.01, a decline of about 31.0%[157] - Total liabilities increased to CNY 5,774,875,836.97 from CNY 4,730,649,706.17, reflecting a growth of approximately 22.0%[157] - The company's total liabilities reached ¥5,136,765,267.09, an increase from ¥4,180,276,606.86, indicating a rise of approximately 22.8%[160] Cash Flow - The cash flow from operating activities was negative at RMB -754.89 million, a decline of 300.31% compared to the previous year[34] - The cash flow from financing activities was 321.56 million RMB, an increase of 266.50 million RMB year-on-year, mainly due to increased cash received from loans[46] - The cash flow from operating activities showed a net outflow of 613,975,147.96 RMB, worsening from -301,030,039.08 RMB in the previous year, highlighting ongoing operational challenges[170] Production and Sales - The company sold 1.39 million tons of coke, an increase of 20.96% in sales volume, despite a decrease in production volume by 16.27%[37] - The production of pig iron dropped by 78.13% to 225,139 tons, with sales volume matching production due to market conditions[37] - The average selling price of coke decreased by RMB 264 per ton, impacting revenue despite an increase in sales volume[36] Management and Governance - The company has a total of 14 directors and supervisors, reflecting a robust governance structure[115] - The total remuneration for directors and senior management during the reporting period amounted to 1.5616 million yuan (pre-tax)[115] - The independent directors received a total of 1.67 million yuan in remuneration over the last five years[116] - The company has a diverse management team with various educational backgrounds, including master's degrees and professional qualifications[116] Future Plans and Investments - The company plans to invest RMB 85.53914 million in a project to produce 200,000 tons of coke oven gas methanol and 100,000 tons of dimethyl ether, with actual investment amounting to RMB 77.62 million[59] - The company aims to enhance its management and operational efficiency by recruiting high-quality technical and management talents, and by adopting new technologies and processes[65] - The company plans to produce 1.5 million tons of metallurgical coke, 820,000 tons of pig iron, and 165,000 tons of sintered ore in 2015, along with generating 500 million kWh of electricity[66] Compliance and Audit - The company has received a negative opinion on its internal control audit from its accounting firm, which investors should pay attention to[6] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operational results for the year ended December 31, 2014[153] - The company has not reported any changes in shareholding for the majority of its directors during the reporting period[115] Social Responsibility - The company is committed to social responsibility and environmental protection, focusing on energy conservation and pollution reduction[75] - The company has achieved ISO14001 environmental management certification and its main products have passed ISO9001 international quality system certification[53]

Financial Performance - Operating revenue for the first nine months was RMB 2,481,815,157.93, a decline of 20.04% year-on-year[7] - Net profit attributable to shareholders was a loss of RMB 314,970,150.60, compared to a loss of RMB 99,490,881.06 in the same period last year[7] - The company anticipates a cumulative net profit loss for the year due to ongoing industry downturns and reduced production volumes[16] - Total operating revenue for Q3 2014 was CNY 544.36 million, a decrease of 42.5% compared to CNY 946.46 million in Q3 2013[26] - Net loss attributable to the parent company for Q3 2014 was CNY 114.97 million, compared to a loss of CNY 72.69 million in Q3 2013[26] - The company reported a total revenue of ¥388,832,206.54 for Q3 2014, a decrease of 53.3% compared to ¥832,979,212.00 in the same period last year[29] - The company’s total comprehensive loss for Q3 2014 was ¥144,788,390.62, compared to a loss of ¥90,017,236.69 in Q3 2013, reflecting a 60.8% increase in losses[30] Asset and Equity Changes - Total assets decreased by 3.22% from the end of the previous year, amounting to RMB 7,325,777,948.73[7] - Net assets attributable to shareholders decreased by 14.39% to RMB 1,865,285,334.15 compared to the end of the previous year[7] - The company’s total equity decreased to CNY 2.43 billion from CNY 2.84 billion at the beginning of the year, reflecting a decline of 14.3%[24] - The company’s total assets decreased to ¥2,154,843,718.18 for the first nine months of 2014, down from ¥2,556,870,564.31 in the same period last year, a decline of 15.7%[29] Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of RMB 184,578,924.93, a decrease of 145.54% compared to the same period last year[7] - The company reported a net cash flow from operating activities of -184,578,924.93 RMB, a decrease of 589,886,095.16 RMB compared to the same period last year[13] - The company's cash and cash equivalents decreased to CNY 263.51 million from CNY 646.41 million at the beginning of the year, representing a decline of 59.3%[23] - Cash and cash equivalents decreased by 61.05% to RMB 383,098,973.09 due to reduced collections and payments made on bank notes[12] - The company reported a net decrease in cash and cash equivalents of -$161.84 million, compared to an increase of $4.18 million in the previous quarter[38] Liabilities and Debt Management - Total liabilities as of September 30, 2014, amounted to CNY 4.90 billion, an increase from CNY 4.73 billion at the beginning of the year[24] - Current liabilities totaled CNY 3.49 billion, a slight decrease from CNY 3.62 billion at the beginning of the year[24] - The company is actively negotiating debt optimization plans with creditors to improve its financial structure and reduce costs[13] - Cash flow from financing activities showed a net outflow of -$120.47 million, compared to a net inflow of $175.37 million in the previous quarter[38] Operational Costs and Expenses - Sales expenses increased by 69.87% to 132,890,643.50 RMB due to rising transportation costs[13] - Total operating costs for Q3 2014 were CNY 691.84 million, down 33.3% from CNY 1,038.08 million in the same period last year[26] - Total operating expenses for Q3 2014 were ¥376,590,195.49, which is a decrease of 53.4% from ¥807,964,716.53 in Q3 2013[29] Inventory and Asset Management - Inventory levels decreased slightly from 1,047,756,002.41 RMB to 1,011,869,173.53 RMB, indicating a reduction in stock[21] - The company’s inventory increased to CNY 542.90 million from CNY 492.96 million at the beginning of the year, indicating a rise of 10.1%[23] - The company’s fixed assets decreased from 2,875,308,222.98 RMB to 2,736,532,697.51 RMB, reflecting ongoing asset management efforts[21] Impairment and Financial Adjustments - The company recorded an asset impairment loss of 74,255,066.08 RMB, a significant increase of 10,771.93% year-on-year[13] - The company’s long-term equity investments were adjusted to reflect a net amount of 15,662,000 RMB due to changes in accounting standards[19]

Financial Performance - The company reported a revenue of CNY 1.94 billion for the first half of 2014, a decrease of 10.19% compared to CNY 2.16 billion in the same period last year[21]. - The net loss attributable to shareholders was CNY 200 million, compared to a loss of CNY 26.8 million in the previous year[21]. - The basic earnings per share were -CNY 0.20, down from -CNY 0.03 year-on-year[19]. - The weighted average return on net assets decreased to -9.62%, down 8.51 percentage points from -1.11% in the previous year[19]. - Operating cash flow turned negative at -CNY 86.84 million, a decline of 115.44% from a positive CNY 562.31 million in the same period last year[21]. - The company predicts a cumulative net loss for the year due to the ongoing downturn in the steel and coke industry[36]. - The net profit for the period was CNY -265,913,246.34, compared to a net loss of CNY -54,189,448.37 in the previous year[68]. - The net profit for the first half of 2014 was a loss of CNY 88,977,421.42, compared to a loss of CNY 9,167,428.75 in the previous year, indicating a significant decline in profitability[71]. - The total comprehensive income for the first half of 2014 was a loss of CNY 88,977,421.42, compared to a loss of CNY 9,167,428.75 in the previous year[71]. - The company’s financial performance indicates a need for strategic reassessment to address the declining profitability and equity position[76]. Assets and Liabilities - The company’s total assets decreased by 2.71% to CNY 7.36 billion from CNY 7.57 billion at the end of the previous year[21]. - The company's total assets as of June 30, 2014, amounted to ¥7,364,260,528.27, a decrease from ¥7,569,188,785.99 at the beginning of the year[61]. - The company's total assets decreased to CNY 6,274,501,922.42 from CNY 6,441,403,836.26 at the beginning of the year[65]. - Current liabilities include short-term loans of ¥1,887,000,000.00, an increase from ¥1,569,000,000.00 at the beginning of the year[61]. - The company's total liabilities increased to CNY 4,102,556,322.01 from CNY 4,180,276,606.86, indicating a slight reduction in financial obligations[65]. - The company's equity attributable to shareholders decreased to CNY 2,171,945,600.41 from CNY 2,261,127,229.40, reflecting a decline in retained earnings[65]. - The total amount of guarantees (including those to subsidiaries) was 1,365,003,930.99, which accounts for 62.65% of the company's net assets[45]. Revenue Breakdown - The company's main business revenue from coke reached ¥732.32 million, with a year-on-year increase of 7.96%[27]. - The revenue from pig iron was ¥498.58 million, reflecting a year-on-year decrease of 59.17%[27]. - The revenue from sintered ore was ¥393.68 million, with no year-on-year change reported[27]. - Revenue from the North China region decreased by 7.08%, while the East China region saw a decline of 29.21%[30]. Operational Changes - The company decided to temporarily halt production of blast furnaces and associated sintering machines due to significant changes in the operating environment[51]. - The production capacity utilization rate was reduced from 80% to approximately 40% as part of cost-cutting measures[51]. - The company implemented a delay in coking time from 24 hours to about 48 hours to lower funding costs[51]. - The company implemented measures to control production costs and optimize internal management in response to the adverse economic conditions[23]. Expenses - Sales expenses increased by 58.47% to CNY 90.55 million, attributed to higher transportation costs from increased sales volume[24]. - Research and development expenses significantly decreased by 89.02% to CNY 6,127.60, down from CNY 55,784.80 in the previous year[24]. - The company incurred sales expenses of CNY 28,512,698.64, which is a significant increase of 133.4% compared to CNY 12,233,103.81 in the previous year[71]. - The financial expenses for the first half of 2014 were CNY 71,096,098.33, slightly down from CNY 71,568,055.11 in the same period last year[71]. Shareholder Information - Total number of shareholders at the end of the reporting period was 119,833[52]. - The largest shareholder, Li Anmin, holds 31.57% of shares, totaling 317,807,116 shares, with 315,738,000 shares pledged[52]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[54]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[58]. Compliance and Governance - The company has complied with all relevant laws and regulations regarding corporate governance and information disclosure[49]. - The financial statements were prepared in accordance with the Chinese accounting standards, ensuring compliance and accuracy in reporting[84]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased to ¥599,424,353.68 from ¥983,483,541.01[61]. - The total cash and cash equivalents at the end of the first half of 2014 were CNY 301,160,338.95, compared to CNY 256,386,474.72 at the end of the previous year[73]. - The company reported a decrease in cash inflow from operating activities, which was CNY 2,223,537,538.73, down from CNY 3,205,501,204.52 in the previous year[73]. - The company raised CNY 953,649,680.00 through borrowings in the first half of 2014, compared to CNY 1,159,000,000.00 in the same period last year[73]. Investment and Subsidiaries - The company has not engaged in any entrusted financial management or loans during the reporting period[32]. - The company has not acquired any new subsidiaries through mergers or acquisitions during the reporting period[192]. - The company holds a 97% stake in Shanxi Antai International Trade Co., Ltd., which has a net investment of RMB 7,200 million[190]. - The company’s subsidiary Shanxi Hongan Coking Technology Co., Ltd. has a registered capital of RMB 33,080 million and a net investment of RMB 29,461.875 million[190]. Guarantees and Financial Commitments - The total amount of guarantees provided by the company (excluding guarantees to subsidiaries) during the reporting period was 824,733,916.00[45]. - The total balance of guarantees at the end of the reporting period (excluding guarantees to subsidiaries) was 1,107,346,930.99[45]. - The total amount of guarantees provided to shareholders, actual controllers, and their related parties was 1,050,051,163.79[45].

Financial Performance - Net profit attributable to shareholders was CNY -62,455,672.85, a decrease of 379.49% year-on-year[10] - Operating revenue declined by 10.32% to CNY 967,667,754.25 compared to the same period last year[10] - Operating profit was CNY -77,126,845.69, a decrease of 278.12% compared to the previous year[15] - The net loss for Q1 2014 was ¥69,626,142.66, compared to a net profit of ¥14,143,767.60 in Q1 2013, indicating a significant decline[24] - Basic and diluted earnings per share for Q1 2014 were both -¥0.06, compared to ¥0.02 in the same quarter last year[24] - The company continues to face challenges in profitability and is exploring strategies for market expansion and cost management[24] Cash Flow - Net cash flow from operating activities dropped by 92.14% to CNY 20,340,177.06[10] - The net cash flow from operating activities decreased to ¥20,340,177.06 from ¥258,824,748.64, a reduction of ¥238,484,571.58, primarily due to a decrease in cash received from sales[16] - Cash flow from operating activities for Q1 2014 showed a significant decline, reflecting challenges in cash generation[28] - Operating cash inflow from sales decreased to ¥1,196,456,352.76 from ¥1,672,692,533.17, a decline of approximately 28.5%[29] - Net cash flow from operating activities fell to ¥20,340,177.06 compared to ¥258,824,748.64 in the previous period, a decrease of about 92.1%[29] - Total cash inflow from operating activities was ¥1,198,768,767.15, while total cash outflow was ¥1,178,428,590.09, resulting in a net cash inflow of ¥20,340,177.06[29] Assets and Liabilities - Total assets decreased by 5.61% to CNY 7,144,214,125.85 compared to the end of the previous year[10] - Total current assets decreased to ¥3,827,617,185.82 from ¥4,220,373,346.99, a decline of approximately 9.3%[18] - Total non-current assets decreased to ¥3,316,596,940.03 from ¥3,348,815,439.00, a decline of approximately 1.0%[18] - Total current liabilities decreased to ¥3,267,192,145.17 from ¥3,623,869,980.02, a decline of approximately 9.8%[19] - Total liabilities decreased to ¥4,375,627,871.32 from ¥4,730,649,706.17, a decline of approximately 7.5%[19] - The total equity attributable to shareholders decreased to ¥2,116,080,240.42 from ¥2,178,814,615.77, a decline of approximately 2.9%[19] Shareholder Information - The number of shareholders totaled 122,736 at the end of the reporting period[11] - The largest shareholder, Li Anmin, holds 31.57% of the shares, with 317,807,116 shares pledged[11] Operating Costs and Expenses - Total operating costs for Q1 2014 were ¥1,044,794,599.94, down 5.0% from ¥1,099,396,146.84 year-over-year[24] - The company reported an increase in sales expenses to ¥36,738,045.48, up 26.0% from ¥29,149,383.80 year-over-year[24] - The company reported a significant increase in employee compensation payments to ¥63,256,191.75 from ¥24,312,023.01, an increase of approximately 160.8%[29] Government Support - Government subsidies recognized in the current period amounted to CNY 2,759,992.44[10] Investment Activities - The net cash flow from investing activities improved to -¥13,491,124.70 from -¥15,549,927.06, an increase of ¥2,058,802.36, mainly due to reduced cash payments for fixed asset purchases[16] - Cash flow from investment activities remained negative at -¥13,491,124.70, slightly improved from -¥15,549,927.06[29]

Financial Performance - The company's operating revenue for 2013 was approximately CNY 4.48 billion, a decrease of 13.59% compared to CNY 5.19 billion in 2012[30]. - The net profit attributable to shareholders for 2013 was a loss of CNY 242.99 million, compared to a profit of CNY 30.86 million in 2012, representing a decrease of 887.33%[30]. - The basic earnings per share for 2013 was -CNY 0.24, down from CNY 0.03 in 2012, reflecting a 900% decline[28]. - The weighted average return on equity for 2013 was -10.55%, a decrease of 11.83 percentage points from 1.28% in 2012[28]. - The total revenue for 2013 was 4.48 billion RMB, a decrease of 13.59% compared to the previous year, while the net profit attributable to shareholders was -243 million RMB, a decrease of 887.33%[34][33]. - The company reported a net loss of CNY 414,062,168.05, worsening from a loss of CNY 171,071,622.05 in the previous year[158]. - The company reported a total profit loss of -¥358,555,125.18 compared to a profit of ¥42,614,169.64 in the previous period[162]. - The net profit for the year was CNY 30,862,663.12, compared to a loss of CNY 201,934,285.17 in the previous year, indicating a significant turnaround[171]. Cash Flow and Liquidity - The net cash flow from operating activities for 2013 was CNY 376.87 million, a significant improvement from a negative cash flow of CNY 220.15 million in 2012[30]. - The company faced a financing environment that was the worst in recent years, with tightened credit and significant pressure on cash flow, leading to a net cash flow from operating activities of 376.87 million RMB[34][33]. - The net cash flow from operating activities increased by CNY 597.01 million year-on-year, primarily due to a decrease in cash paid for purchasing goods and receiving services[46]. - The net cash flow from investing activities increased by CNY 113.04 million year-on-year, mainly due to reduced investments in affiliated coal mining enterprises and decreased cash outflows for fixed and intangible asset construction[46]. - The net cash flow from financing activities increased by CNY 198.28 million year-on-year, primarily due to an increase in cash received from borrowings[46]. - Cash and cash equivalents at the end of the period increased to ¥544,906,843.51 from ¥154,315,346.35, reflecting a significant improvement in liquidity[168]. - The total cash and cash equivalents at the end of 2013 amounted to 257,944,457.67 RMB, an increase from 150,125,286.96 RMB at the beginning of the year[169]. Assets and Liabilities - The total assets at the end of 2013 were approximately CNY 7.57 billion, an increase of 3.39% from CNY 7.32 billion at the end of 2012[30]. - Total liabilities increased to CNY 4,730,649,706.17 from CNY 4,120,341,745.24, representing a growth of approximately 14.8% year-over-year[158]. - The total equity attributable to shareholders decreased to CNY 2,178,814,615.77 from CNY 2,424,004,550.98, a decline of about 10.1%[158]. - The company's total liabilities to equity ratio increased, reflecting a higher financial leverage position compared to the previous year[160]. - The company's cash and cash equivalents increased to CNY 983,483,541.01 from CNY 603,866,236.73, representing a growth of about 62.67%[157]. - The company's long-term equity investments increased to CNY 198,364,747.51 from CNY 187,070,000.00, reflecting a growth of approximately 6.88%[157]. Operational Performance - In 2013, the company produced 1,757,659.91 tons of coke, a 19.02% increase from 2012, and sold 1,152,257.69 tons, a 29.03% increase[38]. - The company's production of sintered ore decreased by 8.66% to 1,828,735 tons, with sales volume dropping by 63.71%[38]. - The company's total inventory of coke increased by 65.30% to 203,993.41 tons, indicating potential overproduction issues[38]. - The company's main business revenue from coke was CNY 1,422.76 million, with a gross margin of 11.94%, a decrease of 2.88 percentage points compared to the previous year[49]. - The main business revenue from pig iron was CNY 2,348.73 million, with a gross margin of 0.78%, a decrease of 9.16 percentage points compared to the previous year[49]. Market and Industry Conditions - The company has faced significant operational challenges and risks, which are detailed in the board report section of the annual report[12]. - The company is facing market risks due to its reliance on the steel industry, which has been experiencing fluctuations since the financial crisis[73]. - Revenue from the North China region decreased by 21.94%, while revenue from the East China region increased by 27.50%[51]. Strategic Initiatives - The company aims to strengthen its core business in coking while actively seeking cooperation opportunities to extend its industrial chain and explore new profit growth points[47]. - The company plans to use 38,194.77 million RMB for the liquefied natural gas project, which has been affected by industry and market conditions, causing delays in progress[64]. - The company aims to enhance the utilization rate of new production capacities and expand into fine chemicals to increase product value and profitability[70]. - The company will actively seek strategic partnerships to ensure stable raw material supply and reduce production costs[70]. - The company is actively participating in the integration planning of the Shanxi coke industry to further expand its production capacity through capacity conversion and technological transformation[69]. Corporate Governance and Compliance - The company has not faced any major lawsuits or environmental violations during the reporting period[82]. - The company has maintained its accounting firm, Lixin Certified Public Accountants, for six years, with an audit fee of CNY 1,000,000[92]. - The company has not received any penalties or administrative actions from the China Securities Regulatory Commission or public reprimands from the stock exchange during the reporting period[93]. - The company confirms that its financial statements reflect a true and complete view of its financial position, operating results, and cash flows for the reporting period[179]. Employee and Management Structure - The total number of employees in the parent company is 3,087, and in major subsidiaries, it is 2,623, resulting in a total of 5,710 employees[120]. - The total remuneration for directors, supervisors, and senior management in 2013 amounted to 2.4275 million yuan[118]. - The total number of directors, supervisors, and senior management receiving remuneration in 2013 was 12[118]. - The company has implemented a performance-based salary structure, supplemented by incentive funds, senior management annual salaries, and special talent agreements, promoting a fair and transparent compensation system[121].