Financial Performance - The net profit attributable to shareholders for 2023 is CNY 4,259,619,742.29, with the parent company achieving a net profit of CNY 2,816,375,349.11[3]. - The total distributable profit for the parent company at the end of 2023 is CNY 3,030,864,230.58, after accounting for the cash dividend of CNY 1,288,596,491 to be distributed at CNY 6.5 per 10 shares[3]. - The cash dividend payout ratio is 30.25% of the net profit attributable to shareholders in the consolidated financial statements[3]. - The company achieved operating revenue of CNY 37.37 billion in 2023, a decrease of 19.45% compared to CNY 46.39 billion in 2022[16]. - Net profit attributable to shareholders was CNY 4.26 billion, down 38.53% from CNY 6.93 billion in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 4.41 billion, a decline of 38.23% from CNY 7.14 billion in 2022[16]. - The company's total assets amounted to CNY 40.62 billion, a decrease of 10.89% from CNY 45.58 billion in 2022[16]. - The net assets attributable to shareholders increased by 4.19% to CNY 15.68 billion compared to CNY 15.05 billion at the end of 2022[16]. - The basic earnings per share were CNY 2.15, down 38.57% from CNY 3.50 in 2022[17]. - The weighted average return on equity decreased by 23.32 percentage points to 28.51% from 51.83% in the previous year[17]. - The company’s cash flow from operating activities was CNY 5.98 billion, a significant drop of 58.07% from CNY 14.27 billion in 2022[16]. Risk Management - The report includes a risk statement regarding potential discrepancies between forward-looking statements and actual results due to various uncertainties[4]. - The company has outlined major risks, including market and safety risks, and has taken measures to mitigate these risks[6]. - The company identifies safety production risks as a major concern in the coal mining industry and plans to strengthen safety management and cultural initiatives[100]. - The company acknowledges market fluctuation risks due to the coal industry's dependence on macroeconomic trends and plans to adjust product structures accordingly[101]. - The company is aware of industrial policy risks and intends to strengthen research on national policies to align coal mine investments with regulatory requirements[102]. - The company recognizes environmental policy risks and aims to invest in technology to reduce pollution and enhance sustainable operations[103]. - The company anticipates rising production costs due to resource scarcity and plans to implement lean management to reduce expenses[104]. - The company is prepared for cross-border trade risks by monitoring political and economic conditions in trade countries and employing financial tools to mitigate risks[106]. - The company is developing emergency response plans for natural disasters to minimize operational disruptions caused by adverse weather conditions[107]. Corporate Governance - The company does not have any directors unable to guarantee the authenticity and completeness of the annual report[6]. - The audit report issued by Lixin Certified Public Accountants is a standard unqualified opinion[2]. - The company has established a comprehensive internal control system covering 29 key business areas to enhance risk management capabilities[113]. - The company has revised its governance documents, including the Articles of Association and independent director work system, to align with regulatory requirements[112]. - The company has a total of 11 board members, including 4 independent directors, ensuring compliance with legal regulations and company bylaws[110]. - The company has implemented a training program for directors and senior management to enhance compliance awareness and operational standards[111]. - The company has established a legal work system to manage contracts and significant legal matters effectively[114]. - The company ensures timely and accurate information disclosure to protect investors' rights and maintain transparency[115]. - The company has established a remuneration decision-making process involving the board's remuneration and assessment committee[126]. - The total pre-tax remuneration for the general manager was CNY 36.80 million, while the total pre-tax remuneration from previous years was CNY 73.84 million[120]. Environmental and Social Responsibility - The company’s environmental investments increased, focusing on energy conservation and emission reduction, while completing standardization for 5 coal mines and 10 wastewater treatment stations[24]. - The company has established a wastewater treatment facility with a daily capacity of 30,000 m³ for mine wastewater and 500 m³ for domestic wastewater, equipped with online monitoring devices for COD, ammonia nitrogen, and total phosphorus[154]. - The company has implemented a comprehensive pollution prevention strategy, including closed coal storage areas and dust suppression systems, with all facilities operating normally in the first half of 2023[154]. - The company has received environmental impact assessment approvals for its resource integration project with a capacity of 2.4 million tons per year[155]. - The company has developed and implemented a self-monitoring plan for environmental protection across its coal production enterprises[163]. - The company has actively engaged in community support, donating CNY 300,000 to local Red Cross and community services[172]. - The company has committed to maintaining independence in personnel, assets, and operations as part of its long-term commitments[176]. - The company has reduced carbon emissions by 38,990 tons during the reporting period through various measures, including the use of clean energy and energy audits[169]. Strategic Initiatives - The company completed the acquisition of 100% equity in Puxian Energy, enhancing its market position[18]. - The company completed the acquisition of 100% equity in Shanxi Coal Import and Export Group Puxian Energy Co., Ltd. from Shanxi Coking Coal Group, with a total transfer price of 62.1752 million yuan, which matches the assessed value[184][185]. - The company plans to enhance safety and environmental protection measures, focusing on a dual prevention system for risk management[94]. - The company will implement digital transformation and green low-carbon practices in coal production to meet carbon reduction targets[94]. - The company emphasizes the importance of advanced capacity and resource expansion to improve production efficiency and product value[95]. - The company is committed to integrating production, washing, and sales processes to enhance supply chain collaboration[95]. - The company will leverage 5G and intelligent technologies to optimize resource allocation and improve industry resilience[95]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 1 billion RMB allocated for potential mergers[124]. - The company has launched two new product lines aimed at increasing operational efficiency and reducing costs[122]. Market and Operational Insights - The company achieved a coal production volume of 38.98 million tons, a year-on-year decrease of 3.92%[25]. - The company reported a self-produced coal sales volume of 34.86 million tons and a trade coal sales volume of 17.65 million tons, including 9.29 million tons of imported coal[26]. - The domestic coal consumption reached 4.65 billion tons, with a year-on-year growth of 7.5%, and the power industry accounted for 59.14% of total consumption, growing at 11.5%[40]. - The company’s coal imports increased by 61.8% year-on-year, totaling 47 million tons[37]. - The company has established a comprehensive coal trading and transportation system across major coal production areas, enhancing its market position[52]. - The company has maintained a focus on coal production, optimizing production organization and enhancing advanced capacity construction, despite market pressures leading to a decline in coal prices and sales[59]. - The company has reported significant variations in performance across its mines, with some experiencing substantial declines in net profit, such as Daping Coal Mine, which saw an 86.21% decrease[82]. Future Outlook - The company aims to produce no less than 33 million tons of coal and achieve a revenue of no less than 33 billion RMB in 2024[93]. - The coal industry is expected to maintain stable development in 2024, supported by government policies and high demand from the electricity and chemical sectors[91]. - The company provided a positive outlook for 2024, projecting a revenue growth of 12% to 15% based on current market trends and expansion strategies[124]. - New product launches are expected to contribute an additional 1 billion RMB in revenue, with a focus on innovative energy solutions[125].

Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Views - In 2023, the company achieved operating revenue of 37.371 billion yuan, a year-on-year decrease of 19.45%, and a net profit attributable to shareholders of 4.260 billion yuan, down 38.53% year-on-year [2]. - The decline in coal prices and increased management expenses in Q4 2023 impacted profitability, but profitability is expected to improve in 2024 as new mines ramp up production [2]. - The company's debt-to-asset ratio decreased by 9.34 percentage points to 49.45% by the end of 2023, with interest-bearing debt down 22.9% to 5.549 billion yuan [2]. - A cash dividend of 0.65 yuan per share (including tax) is proposed, with a payout ratio of 30.25% and a dividend yield of 3.79% [2]. - Coal production and sales decreased year-on-year, with self-produced coal output at 38.9837 million tons, down 3.92%, and sales at 34.8599 million tons, down 5.68% [2]. - The company plans to produce no less than 33 million tons of coal in 2024, with projected net profits for 2024-2026 at 3.956 billion, 5.067 billion, and 5.358 billion yuan, respectively [2]. Summary by Sections Financial Performance - In Q4 2023, the company reported operating revenue of 8.472 billion yuan, a year-on-year decline of 21.28%, and a net profit of 264 million yuan, down 82.84% year-on-year [2]. - The average selling price of self-produced coal in 2023 was 682.7 yuan per ton, a decrease of 7.4% year-on-year [2]. - The gross profit margin for self-produced coal was 58.85%, down 7.76 percentage points year-on-year [2]. Dividend Policy - The company plans to distribute a cash dividend of 0.65 yuan per share, with a commitment to maintain a dividend payout ratio of no less than 60% from 2024 to 2026 [2]. Production and Sales - The company’s coal trade volume increased by 4.29% year-on-year, with a total of 17.6454 million tons sold in 2023 [2]. - The unit selling price for traded coal was 731.7 yuan per ton, a decrease of 33.5% year-on-year [2]. Future Outlook - The company expects to improve profitability in 2024 as new mines begin to contribute to production [2]. - The projected earnings per share (EPS) for 2024-2026 are estimated at 2.00, 2.56, and 2.70 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 9, 7, and 6 [2][3].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's 2023 annual report shows a significant decline in revenue and net profit, with operating income at 37.37 billion yuan, down 19.5% year-on-year, and net profit attributable to shareholders at 4.26 billion yuan, down 38.5% year-on-year [2][4] - The fourth quarter performance was impacted by increased operating costs and management expenses, alongside higher impairment losses and a high tax rate [3][4] - The company has reduced its debt levels significantly, with the debt-to-asset ratio decreasing to 49.45% by the end of 2023, down 9.21 percentage points from the end of 2022 [4] Summary by Sections Financial Performance - In 2023, the company produced 38.98 million tons of coal, a decrease of 3.9% year-on-year, and sold 52.51 million tons, down 2.5% year-on-year [3] - The average selling price of self-produced coal was 683 yuan/ton, down 16.6% year-on-year, with significant price drops in both thermal and metallurgical coal [3][4] Dividend Policy - The company plans to distribute a cash dividend of 6.5 yuan per 10 shares, totaling 1.29 billion yuan, with a dividend payout ratio of 30.25% and a dividend yield of 3.8% [4] Earnings Forecast and Valuation - The report adjusts the profit forecasts for 2024-2026, expecting net profits of 4.05 billion, 4.20 billion, and 4.31 billion yuan respectively, with corresponding EPS of 2.04, 2.12, and 2.17 yuan [5][6] - The current price-to-earnings ratio is projected to be 8.40 for 2024, 8.10 for 2025, and 7.89 for 2026, indicating a favorable valuation [6]

专项说明 山煤国际能源集团股份有限公司 涉及财务公司关联交易的存款 贷款等金融业务的专项说明 信会师报字[2024]第 ZK10066 号 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.gov.cn）"进行查询 "您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ac.mof.igov.cn）"进行查询 目 录 . 之信会计师事务所(特殊普通合伙) CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLF 关于山煤国际能源集团股份有限公司 2023 年度 涉及财务公司关联交易的专项说明 信会师报字[2024]第 ZK10066 号 汇总表附注 1-2 l 山煤国际能源集团股份有限公司全体股东: 我们审计了山煤国际能源集团股份有限公司(以下简称"山煤国 际")2023年度的财务报表,包括 2023年12月31日的合并及母公司 资产负债表、2023年度合并及母公司利润表、合并及母公司现金流 量表、合并及母公司所有者权益变动表和相关财务报表附注,并于 2024 年 3 月 28 目出具了报告号为信会师报字[20 ...

关于山煤国际能源集团股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审计报告 专项报告第 1 页 2、 附表 关于山煤国际能源集团股份有限公司 委托单位：山煤国际能源集团股份有限公司 审计单位：立信会计师事务所（特殊普通合伙） 联系电话：0351-4645546 专项报告第 2 页 目 录 1、 专项审计报告 山煤国际能源集团股份有限公司全体股东： 我们审计了山煤国际能源集团股份有限公司（以下简称"山煤国 际"）2023 年度的财务报表，包括 2023 年 12 月 31 日的合并及母公 司资产负债表、2023 年度合并及母公司利润表、合并及母公司现金 流量表、合并及母公司所有者权益变动表和相关财务报表附注，并 于 2024 年 3 月 28 日出具了报告号为信会师报字[2024]第 ZK10072 号的无保留意见审计报告。 山煤国际管理层根据中国证券监督管理委员会《上市公司监管 指引第 8 号——上市公司资金往来、对外担保的监管要求》（证监会 公告〔2022〕26 号）和《上海证券交易所上市公司自律监管指南第 金占用及其他关联资金往来情况汇总表（以下简称"汇总表"）。 编制汇总表并确保其真 ...

一、个人履历及兼职情况 本人薛建兰，女，汉族，1962 年 5 月出生，博士研究生学 历，中共党员，山西财经大学教授，博士研究生导师，兼任中国 法学会财税法学研究会常务理事，中国法学会经济法学研究会 理事，山西省财税法学研究会会长，山西省经济法研究会副会 长，山西省律师协会财税法专业委员会主任，太原仲裁委员会 仲裁员。现任晋能控股山西电力股份有限公司独立董事、山西 金兰化工股份有限公司独立董事、山煤国际能源集团股份有限 1 山煤国际能源集团股份有限公司 2023 年度独立董事述职报告 作为山煤国际能源集团股份有限公司（以下简称"公司"） 独立董事，2023 年度，本人严格按照《公司法》《证券法》《上 市公司独立董事管理办法》等法律法规以及《公司章程》《独立 董事工作制度》等规定，认真、勤勉、忠实地履行职责，及时了 解公司的生产经营信息，关注公司的发展状况，积极出席公司 2023 年度召开的相关会议，认真审议董事会各项议案，对公司 重大事项发表了独立意见，充分发挥独立董事的独立性和专业 性作用，维护了全体股东尤其是中小股东的合法权益。 现将 2023 年度履职情况报告如下： | 安全 | 生产 | 与环 | 保 ...

山煤国际能源集团股份有限公司 董事会审计委员会2023年度履职报告 根据《上海证券交易所上市公司自律监管指引第1号—规 范运作》和《上海证券交易所股票上市规则》《上市公司治理 准则》以及《山煤国际能源集团股份有限公司章程》《山煤国 际能源集团股份有限公司董事会议事规则》《山煤国际能源集 团股份有限公司董事会审计委员会工作细则》及《山煤国际能 源集团股份有限公司审计委员会年报工作规程》的相关规定， 山煤国际能源集团股份有限公司（以下简称"公司"）第八届 董事会审计委员会在2023年度充分发挥专业委员会作用,积极 开展各项工作，认真履行了审计监督职责。现将公司董事会审 计委员会2023年度履职情况汇报如下： 一、董事会审计委员会基本情况 2023年7月21日，公司召开第八届董事会第十五次会议， 对董事会审计委员会委员作出调整，由董事陈一杰先生调整为 独立董事辛茂荀先生。2023年12月29日，公司召开第八届董事 会第二十次会议，选举独立董事赵利新先生为公司董事会审计 委员会委员。公司第八届董事会审计委员会现由独立董事吴秋 生先生、独立董事辛茂荀先生、独立董事赵利新先生组成，审 计委员会主任委员由会计专业人士吴秋生 ...

山煤国际能源集团股份有限公司董事会 关于会计政策变更的说明 山煤国际能源集团股份有限公司(以下简称"公司")于 2024年3月28日召 开第八届董事会第二十二次会议,审议通过了《关于公司会计政策变更的议案》, 根据上海证券交易所的相关规定,公司董事会就本次会计政策变更事项说明如下: 一、会计政策变更概述 财政部于 2023年11月9日发布了《企业会计准则解释第17号》(财会(2023) 21 号)(以下简称"解释第17号"),规定了"关于流动负债与非流动负债的划 分"、"关于供应商融资安排的披露"、"关于售后租回交易的会计处理",该规 定自 2024年1月1日起施行。 根据财政部的上述规定,公司对原会计政策进行相应变更,并按以上文件规定 的起始目开始执行上述会计处理。 二、具体情况及对公司的影响 (一)会计政策变更的主要内容 1.关于流动负债与非流动负债的划分 企业在资产负债表日没有将负债清偿推迟至资产负债表日后一年以上的实质 性权利的,该负债应当归类为流动负债。企业是否有行使上述权利的主观可能性, 并不影响负债的流动性划分。对于符合《企业会计准则第 30 号 -- 财务报表列报》 非流动负债划分条件的负债, ...

山煤国际能源集团股份有限公司 2023 年度独立董事述职报告 作为山煤国际能源集团股份有限公司（以下简称"公司"） 的独立董事，本人严格按照《公司法》《证券法》《上市公司独立 董事管理办法》等相关法律、法规、规范性文件的规定，独立客 观、勤勉尽责地履行职责，积极参加公司召开的相关会议，认真 审议公司的各项议案，并对相关事项发表独立意见，切实维护 了公司整体利益和全体股东尤其是中小股东的合法权益。现将 2023 年度履职情况报告如下： 一、个人履历及兼职情况 本人吴秋生，男，汉族，1962 年 8 月出生，博士研究生学 历，中共党员，会计学教授，博士研究生导师。曾任山西财经学 院审计系副主任，山西财经大学会计学院副院长、院长，山西财 经大学晋商研究院院长。现任山西银行外部监事、金利华电气 股份有限公司独立董事、山西大禹生物工程股份有限公司独立 董事、山煤国际能源集团股份有限公司独立董事。 作为公司独立董事，本人具备《上市公司独立董事管理办 法》所要求的独立性，未受到公司主要股东、实际控制人或其他 与公司存在利害关系的单位或个人的影响，并在履职过程中保 持客观独立的专业判断，不存在影响独立性的情况。 1 二、履职 ...

公司代码：600546 公司简称：山煤国际 山煤国际能源集团股份有限公司 2023 年度内部控制评价报告 山煤国际能源集团股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内 部控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专 项监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了 评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露 内部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责 组织领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内 容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别 及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整， 提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标 提供合理保证。此外，由于情况 ...