Financial Performance - The company achieved a net profit of CNY 10,906,455,851 for the year 2022, resulting in earnings per share of CNY 0.75[3]. - The company's operating revenue for 2022 was ¥75.76 billion, a decrease of 3.72% compared to ¥78.68 billion in 2021[16]. - The net profit attributable to shareholders for 2022 was ¥11.20 billion, down 8.09% from ¥12.18 billion in 2021[16]. - The net cash flow from operating activities decreased by 14.80% to ¥16.10 billion in 2022 from ¥18.90 billion in 2021[16]. - The basic earnings per share for 2022 was ¥0.75, down 8.54% from ¥0.82 in 2021[18]. - The company reported a net profit of CNY 3,832,977,518 for 2022, compared to CNY 4,533,684,489 in 2021, indicating a decline of approximately 15.5%[164]. - The total comprehensive income for 2022 was ¥12,759,280,313, compared to ¥13,676,707,021 in 2021, a decrease of 6.7%[167]. - The company reported a foreign exchange loss of ¥351,939,298 in 2022, compared to a gain of ¥174,505,799 in 2021[166]. Dividend and Shareholder Returns - A cash dividend of CNY 0.48 per share (including tax) is proposed, totaling CNY 7,136,134,035.36 to be distributed to shareholders[3]. - The company has a cash dividend policy stating that at least 30% of the distributable profits will be distributed in cash if there are no major investment or cash expenditure plans[98]. - In the reporting period, the company distributed a total cash dividend of approximately ¥7.14 billion, which represents 63.74% of the net profit attributable to ordinary shareholders[100]. - The company has a strategic plan for shareholder returns, committing to distribute cash dividends of no less than ¥0.48 per share for the years 2020-2022[98]. Operational Efficiency and Cost Management - The company actively implemented safety measures and cost-saving initiatives to enhance operational efficiency during the reporting period[24]. - The company has implemented cost control measures, resulting in a 1.42% decrease in operating costs in 2022[35]. - The company is committed to optimizing cost management and reducing non-production expenditures[66]. - The company plans to enhance operational potential and cost control to achieve better business results in 2023, focusing on eight key projects including safety and quality improvement[60]. Risk Management and Compliance - The company has detailed potential risks and corresponding measures in the management discussion and analysis section of the report[5]. - The company maintains a commitment to transparency and accuracy in its financial reporting, as confirmed by the independent auditor's standard unqualified opinion[2]. - The company does not plan to increase capital through surplus reserves this year[3]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[4]. - There are no violations of decision-making procedures regarding external guarantees[4]. Investment and Growth Strategy - The total railway fixed asset investment in 2022 was ¥710.9 billion, with 4,100 kilometers of new lines completed[26]. - The company plans to allocate approximately 5.4 billion yuan for capital expenditures in 2023[66]. - The company is focused on expanding its market presence and enhancing operational efficiency through strategic leadership changes[81]. - The company is actively expanding its services in port transportation, increasing capacity, and enhancing rail-water intermodal transport to create additional revenue streams[59]. Environmental and Social Responsibility - The company invested 61.31 million yuan in environmental protection initiatives during the reporting period[105]. - The company achieved a reduction of over 60% in carbon dioxide and sulfur dioxide emissions through energy-saving renovations of heating systems[109]. - The company is actively promoting rural revitalization efforts, including infrastructure improvements in local communities[111]. - The company organized skill training for 53 technical personnel and conducted community support activities, helping sell products worth 220,000 yuan in targeted assistance villages[112]. Governance and Management Structure - The company has a total of 12 board members, including 4 independent directors, ensuring a diverse governance structure[75]. - The total pre-tax remuneration for the board members during the reporting period amounted to 408.23 million CNY[76]. - The company has established a performance evaluation system based on job responsibilities and piece-rate wage distribution[95]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to various performance indicators[101]. Financial Position and Assets - The total assets at the end of 2022 were ¥202.30 billion, an increase of 1.89% from ¥198.55 billion at the end of 2021[17]. - The total liabilities of the company as of the end of the reporting period amounted to CNY 202.97 billion, with total liabilities of CNY 621.08 billion, resulting in a debt-to-asset ratio of 30.70%[145]. - The company’s total assets at the end of 2022 were reported at ¥XX (specific figure not provided in the content), reflecting the company's financial position[171]. - The company’s financial statements comply with the accounting standards issued by the Ministry of Finance of the People's Republic of China, reflecting the financial position as of December 31, 2022[188].

债券代码：113044 债券简称：大秦转债 股票代码：601006 股票简称：大秦铁路 公告编号：【临2023-020】 大秦铁路股份有限公司关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/） ●问题征集方式：投资者可于 2023 年 5 月 8 日（周一）16:00 前登录上证路 演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dqtl@daqintielu.com 进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 一、业绩说明会类型 为便于广大投资者更加全面深入的了解公司经营情况，本公司将通过网络平 台在线交流的方式举行 2022 年度暨 2023 年第一季度业绩说明会（简称"说明 会"）。届时将针对经营业绩、利润分配、公司治理、发展战略等普遍关注的问 题与广大投资者进行交流和沟通，同时广泛听取投资者的意见和建议。 二、说明会召开的时间、地点 说明会定于 2 ...

2022 年第三季度报告 单位：元 币种：人民币 证券代码：601006 证券简称：大秦铁路 大秦铁路股份有限公司 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。 公司负责人包楚雄、总经理韩洪臣、主管会计工作负责人田惠民及会计机构负责人（会计主 管人员）孙洪涛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 本报告期 年初至报 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|------------------------------------|----------------|--------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 38.93 billion, a year-on-year increase of 0.83%[20] - The net profit attributable to shareholders for the same period was CNY 7.32 billion, representing a decrease of 1.97% compared to the previous year[20] - The basic earnings per share decreased by 2.00% to CNY 0.49 from CNY 0.50 in the same period last year[20] - Operating costs increased to approximately CNY 29.07 billion, reflecting a rise of 1.81% compared to the previous year[40] - The net profit for the first half of 2022 was CNY 8,141,271,736, a decrease from CNY 8,332,518,637 in the same period of 2021, indicating a decline of 2.29%[122] - The company reported a total comprehensive income of RMB 7,017,581,377 for the current period, with a significant contribution from undistributed profits of RMB 65,598,759,939[138] Cash Flow and Investments - The cash flow from operating activities decreased significantly by 33.22% to CNY 6.45 billion compared to CNY 9.66 billion in the previous year[20] - The net cash flow from operating activities decreased by 33.22% to approximately CNY 6.45 billion, primarily due to increased income tax payments[41] - The company’s investment activities generated a net cash outflow of approximately CNY 1.40 billion, a reduction of 66.88% compared to the previous year[41] - The company reported a cash outflow from investing activities of CNY 1,398,741,186, an improvement from a cash outflow of CNY 4,223,126,891 in the same period of 2021[129] Assets and Liabilities - The company's total assets increased by 2.36% to CNY 203.23 billion from CNY 198.55 billion at the end of the previous year[20] - Total liabilities increased to CNY 56,490,543,380 in the first half of 2022 from CNY 51,169,475,804 in the same period of 2021, marking an increase of 10.67%[119] - The total equity at the end of June 2022 was CNY 136,615,494,644, compared to CNY 130,977,617,823 at the end of June 2021, reflecting an increase of approximately 4.3%[136] - The company’s total assets at the end of the reporting period were CNY 62,776,679,718, compared to CNY 56,089,442,599 at the end of the first half of 2021, showing growth in asset base[132] Operational Highlights - The freight revenue accounted for 82.01% of the company's main business income, primarily from the transportation of thermal coal[22] - The company completed a freight volume of 350.1 million tons, accounting for 14.11% of the national railway freight total and 17.99% of the national railway freight volume[27] - The coal transportation volume in the first half of 2022 was 290.24 million tons, a slight increase of 0.6% compared to the same period in 2021[34] - The company achieved a daily average of 29,537 freight cars loaded and 24,441 unloaded, with a freight car turnaround time of 2.51 days[32] Strategic Initiatives - The company plans to enhance its railway network efficiency and increase the proportion of bulk and medium-to-long-distance freight transport by 2025[27] - The company is focusing on expanding coal transportation as a key growth area, implementing strategic partnerships to boost freight volume[32] - The company aims to enhance safety management and operational efficiency while addressing challenges posed by rising energy prices and labor costs[38] Environmental and Social Responsibility - The company implemented an energy-saving and environmental protection investment plan of CNY 59.136 million in early 2022[64] - The company actively supports rural revitalization and poverty alleviation, establishing a railway freight car parts production workshop in assisted villages[65] - The company has completed the clean energy transformation of coal-fired boilers at several stations, contributing to pollution prevention[64] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 161,534[96] - The largest shareholder, China Railway Taiyuan Bureau Group Co., Ltd., holds 9,320,761,520 shares, representing 62.69% of the total shares[98] - The company did not plan to distribute profits or increase capital reserves in the first half of 2022[60] Risks and Compliance - The company faces risks related to reliance on major customers, particularly in the coal industry, which could impact business operations[53] - The company is exposed to risks from potential changes in railway freight pricing policies that could affect revenue[53] - The company has not faced any major litigation or arbitration matters during the reporting period[70] Financial Instruments and Accounting Policies - The company follows a control-based approach for consolidating financial statements, including the parent company and its controlled subsidiaries[163] - Financial instruments include cash, receivables, payables, borrowings, and equity, with initial recognition at fair value[169] - The group assesses cash flow characteristics of financial assets to determine if they meet specific criteria for classification[172]

2022 年第一季度报告 单位：元 币种：人民币 证券代码：601006 证券简称：大秦铁路 大秦铁路股份有限公司 2022 年第一季度报告 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、准确性和完整性依法承担法律责任。 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。 公司负责人包楚雄、总经理韩洪臣、主管会计工作负责人田惠民及会计机构负责人（会计主管人 员）孙洪涛保证季度报告中财务报表信息的真实、准确、完整。 第一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 | --- | --- | --- | |-----------------------------------------------|----------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期 增减变动幅度 (%) | | 营业收入 | 18, ...

Financial Performance - The net profit for Daqin Railway in 2021 was CNY 11,877,019,327, resulting in earnings per share of CNY 0.82[3]. - The company's operating revenue for 2021 was CNY 78.68 billion, an increase of 8.28% compared to 2020[17]. - Net profit attributable to shareholders was CNY 12.18 billion, reflecting a growth of 13.14% year-over-year[17]. - The net cash flow from operating activities reached CNY 18.90 billion, marking a significant increase of 48.80% from the previous year[17]. - The total assets at the end of 2021 amounted to CNY 198.55 billion, a 3.87% increase compared to 2020[17]. - The basic earnings per share for 2021 was CNY 0.82, up 13.89% from CNY 0.72 in 2020[18]. - The company's total profit for the year was CNY 18,102,710,411, compared to CNY 15,494,099,601 in 2020, marking an increase of 10.4%[167]. - The company reported a comprehensive income total of CNY 13,676,707,021, compared to CNY 12,277,123,919 in the previous year, an increase of 11.4%[168]. Dividend and Shareholder Returns - The company proposed a cash dividend of CNY 0.48 per share, totaling CNY 7,136,115,852 to be distributed to shareholders[3]. - Daqin Railway is focused on maintaining its dividend policy while adapting to potential changes in share capital[3]. - The company has a cash dividend policy stating that at least 30% of the distributable profits will be distributed in cash if there are no major investment or cash expenditure plans[102]. - The company plans to distribute cash dividends of no less than 0.48 CNY per share (including tax) annually from 2020 to 2022, barring special circumstances[103]. Operational Efficiency and Growth - The company transported 69.19 million tons of goods in 2021, a 4.5% increase from 66.20 million tons in 2020[24]. - The company plans to continue expanding its coal transportation capacity in response to increasing domestic energy demand[22]. - The company implemented a "Four Supplements" operational strategy to enhance freight efficiency, resulting in a 4.0% increase in freight volume on the core Daqin line[30]. - The company aims to enhance freight operations by optimizing transportation structures and increasing the efficiency of coal and non-coal transport[65]. - The company plans to enhance safety management and operational efficiency through the implementation of eight major projects, including safety strengthening and innovation empowerment[61]. Financial Management and Costs - The company's operating revenue for the current period reached ¥78,682,047,234, representing an increase of 8.28% compared to ¥72,662,689,733 in the same period last year[39]. - Operating costs amounted to ¥61,508,590,683, which is a 5.09% increase from ¥58,529,021,273 year-on-year[39]. - The gross profit margin for railway transportation was 21.86%, an increase of 2.25 percentage points compared to the previous year[40]. - The company continues to focus on cost control and efficiency improvements, implementing measures to reduce non-productive expenditures and optimize maintenance processes[37]. Risk Management and Compliance - The company has outlined potential risks in its annual report, with detailed descriptions and countermeasures provided in the management discussion section[5]. - The company emphasizes the importance of investor awareness regarding risks associated with forward-looking statements in its reports[5]. - The company is committed to enhancing internal governance and compliance with regulatory requirements to improve operational efficiency[68]. - The company has implemented internal controls to ensure the accuracy of financial reporting and compliance with accounting standards[155]. Investments and Acquisitions - The company completed a fixed asset investment of ¥749.89 billion nationwide, with 4,208 kilometers of new lines put into operation, including 2,168 kilometers of high-speed rail[48]. - The company completed the acquisition of a 51% stake in the Southwest Ring Line Co., Ltd. for a total payment of RMB 3.98 billion[119]. - The company plans to issue up to ¥32 billion in convertible bonds to fund the acquisition of land use rights from the Taiyuan Railway Bureau, with the issuance completed in December 2020[51]. Environmental and Social Responsibility - The company actively promotes sustainable development and adheres to environmental regulations, utilizing advanced technologies in its operations[108]. - In 2021, the company invested CNY 88.217 million in energy-saving and environmental protection facility upgrades, including noise control and wastewater treatment improvements[110]. - The company supported rural revitalization efforts by employing 38 local workers in its railway freight car parts production workshop[113]. - A total of 150.5 million passengers were transported by four "slow trains" to assist economically disadvantaged areas[113]. Corporate Governance - The company has a structured decision-making process for the remuneration of directors and senior management[86]. - The company has established specialized committees within the board, including an audit committee and a strategic committee[92]. - The company held its annual shareholder meeting on May 25, 2021, approving the election of new board members[82]. - The company has not faced any penalties from securities regulatory agencies in the past three years[87]. Future Outlook - The company expects a 2022 operating revenue budget of CNY 795,000,000, with a target of 3,360 million passengers sent and 7.0 million tons of cargo sent[62]. - The company anticipates a stable demand for coal due to infrastructure investment and a projected 5%-6% growth in national electricity consumption in 2022[58]. - The company plans to allocate approximately 4.7 billion yuan for capital expenditures in 2022 to maintain current operations and complete ongoing investment projects[68].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 38.61 billion, an increase of 14.90% compared to CNY 33.60 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 7.46 billion, representing a year-on-year growth of 35.86% from CNY 5.49 billion[20]. - The net cash flow from operating activities reached CNY 9.66 billion, a significant increase of 228.90% compared to CNY 2.94 billion in the previous year[20]. - The basic earnings per share for the first half of 2021 was CNY 0.50, up 35.14% from CNY 0.37 in the same period last year[21]. - Operating costs increased to approximately CNY 28.55 billion, up 6.98% from CNY 26.69 billion year-on-year[47]. - The total comprehensive income for the period was RMB 8,328,029,887, compared to RMB 6,046,291,678 in the previous year, marking a rise of 37.7%[134]. - The operating profit for the first half of 2021 was RMB 9,554,241,220, up from RMB 6,980,772,159, reflecting a growth of 37.6%[137]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 195.21 billion, an increase of 2.13% from CNY 191.14 billion at the end of the previous year[20]. - The company's total liabilities increased to ¥51.26 billion as of June 30, 2021, from ¥43.35 billion at the end of 2020, reflecting a rise of 18.67%[130]. - The company's total current liabilities rose to CNY 20.51 billion from CNY 13.90 billion as of December 31, 2020[126]. - The company's long-term borrowings decreased slightly to CNY 11.87 billion from CNY 12.17 billion[126]. - The company's total equity decreased to CNY 130.98 billion from CNY 134.00 billion as of December 31, 2020[126]. - The company's total assets as of June 30, 2021, amounted to ¥173.72 billion, compared to ¥166.15 billion at the end of 2020, marking an increase of 4.66%[130]. Operational Highlights - The company experienced an increase in freight and passenger volumes, contributing to the growth in net profit[21]. - In the first half of 2021, freight revenue accounted for 81.07% of the company's main business income, with a total freight volume of 34.18 million tons, representing a year-on-year increase of 12.4%[26][39]. - The company completed a coal transportation volume of 28.85 million tons in the first half of 2021, up 13.9% from the previous year, and accounted for 22.50% of the national railway coal transportation volume[33][41]. - Passenger transport revenue constituted 8.05% of the company's main business income, with a total of 18.80 million passengers transported, a 61.6% increase year-on-year[27][41]. - The company achieved a total fixed asset investment of 298.9 billion yuan in the first half of 2021, with plans to construct 54,000 kilometers of railway over the next 15 years[32]. Investment and Acquisitions - The company completed the acquisition of Southwest Ring Railway Company for CNY 3.697 billion, making it a subsidiary[53]. - The company plans to issue up to 2 billion shares to raise funds for acquiring related assets and liabilities of Taiyuan Railway Group, with a cash payment of RMB 32.79 billion for the acquisition[158]. - The company reported investment income of RMB 1,755,879,421, an increase from RMB 1,389,230,689 in the previous year, showing improved investment performance[137]. Environmental and Social Responsibility - In the first half of 2021, the company invested CNY 58.365 million in energy-saving and environmental protection initiatives[74]. - The actual discharge of chemical oxygen demand was 36.9 tons, reducing emissions by 9.1 tons compared to the plan; sulfur dioxide emissions were 335.3 tons, reducing emissions by 97.2 tons compared to the plan[74]. - The company actively promotes clean energy and new technologies to reduce carbon emissions[74]. - The company has implemented advanced technologies in its HXD electric locomotives to enhance environmental protection and energy efficiency[72]. Financial Instruments and Reporting - The company has issued a total of RMB 320 billion in convertible bonds, with a conversion period from June 18, 2021, to December 13, 2026[159]. - The company confirms that its ability to continue as a going concern is normal, with no significant doubts regarding its operations in the next 12 months[165]. - The company’s financial statements comply with the accounting standards set by the Ministry of Finance of the People's Republic of China, ensuring a true and complete reflection of its financial status as of June 30, 2021[167]. Shareholder Information - The largest shareholder, China Railway Taiyuan Bureau Group Co., Ltd., holds 62.20% of the shares, totaling 9,247,644,100 shares[108]. - The total number of ordinary shareholders reached 203,425 by the end of the reporting period[107]. - The company reported a profit distribution of CNY -7,136,099,702, indicating a significant loss allocation to shareholders[154].

Financial Performance - The company reported a net profit of CNY 10,984,724,744 for the year 2020, resulting in earnings per share of CNY 0.73[4]. - Total revenue for 2020 was CNY 72,321,861,009, a decrease of 9.50% compared to CNY 79,916,947,840 in 2019[16]. - The net profit attributable to shareholders decreased by 20.29% from CNY 13,669,294,112 in 2019 to CNY 10,895,704,612 in 2020[16]. - The basic earnings per share for 2020 was CNY 0.73, a decrease of 20.65% compared to CNY 0.92 in 2019[17]. - The diluted earnings per share for 2020 was CNY 0.72, down 21.74% from CNY 0.92 in 2019[17]. - The net profit attributable to shareholders for Q4 2020 was CNY 1,995,278,803, reflecting a decrease due to increased labor costs[18]. - The company's total operating revenue for the year was ¥72,321,861,009, a decrease of 9.5% year-on-year[35]. - Operating costs amounted to ¥58,226,175,296, down 5.64% compared to the previous year[36]. - Net profit for the year was ¥12,297,106,356, reflecting an 18.94% decrease year-on-year[35]. - The company reported a total comprehensive income of ¥11.13 billion for 2020, down from ¥14.34 billion in 2019[150]. Cash Flow and Investments - The net cash flow from operating activities for 2020 was CNY 12,528,580,600, down 16.60% from CNY 15,022,536,018 in 2019[16]. - The cash flow from investment activities was ¥1,487,614,370, a significant increase of 118.69% compared to the previous year, mainly due to no external investments made this year[44]. - The cash flow from financing activities reached ¥22,696,478,772, a substantial increase of 322.66% year-on-year, attributed to the issuance of convertible corporate bonds[44]. - The net cash flow from financing activities was CNY 22,696,478,772, a significant improvement from a negative cash flow of CNY -10,193,240,181 in the previous year[153]. - The total cash and cash equivalents at the end of the year increased to CNY 52,059,034,397, compared to CNY 15,346,360,655 at the end of the previous year[153]. Assets and Liabilities - The total assets increased by 23.07% to CNY 182,202,658,667 at the end of 2020, compared to CNY 148,043,785,040 at the end of 2019[16]. - The total liabilities rose to ¥52.38 billion in 2020 compared to ¥25.82 billion in 2019, reflecting a growth of around 102.36%[140]. - Shareholders' equity totaled ¥129.83 billion in 2020, up from ¥122.22 billion in 2019, indicating an increase of about 6.56%[141]. - The company's total assets at the end of the reporting period were RMB 182.203 billion, with total liabilities of RMB 52.376 billion, resulting in a debt-to-asset ratio of 28.75%[89]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.48 per share, totaling CNY 7,136,059,915.68 based on the year-end total share capital[4]. - The company distributed dividends totaling CNY 7,136,059,916 during the year, consistent with the previous year's distribution[155]. - The company has established a cash dividend policy, stipulating that the annual cash distribution should not be less than 30% of the distributable profit when there are no major investment or cash expenditure plans[67]. - The company plans to maintain a cash dividend of at least 0.48 RMB per share for the years 2020 to 2022, subject to board approval based on actual conditions[68]. Operational Highlights - The company's freight revenue accounted for 81.86% of total operating income in 2020, primarily from the transportation of thermal coal[22]. - The company completed coal transportation of 54.3 million tons, accounting for 23.0% of the national coal transportation total[25]. - The company is focusing on expanding non-coal transportation business and modern logistics systems, with container and cold chain transport developing steadily[32]. - The company achieved a daily average loading of 27,815 cars and unloading of 21,562 cars, with a freight car turnaround time of 2.61 days[29]. - The company is strategically positioned in the coal transportation network, connecting key coal supply regions and enhancing its competitive advantage[28]. Risk Management and Governance - The company has outlined potential risks in its annual report, with corresponding mitigation strategies detailed in the discussion section[6]. - The company is focusing on enhancing its governance structure and improving information disclosure to ensure compliance and transparency[64]. - The company has implemented various environmental protection measures, including the use of advanced technologies in its electric locomotives and trains to reduce emissions and noise pollution[83]. - The company emphasizes safety management by implementing strict control measures and enhancing risk assessment mechanisms to prevent major safety incidents[62]. Employee and Management Information - The total number of employees in the parent company is 95,420, with a combined total of 96,108 employees across the parent company and major subsidiaries[114]. - The company continues to implement a salary policy that aligns total compensation with economic performance and industry standards, ensuring reasonable growth in total salary expenses[115]. - A total of 187 training programs were conducted, training 11,400 individuals throughout the year[116]. - The company has maintained a consistent management structure with no significant changes in personnel during the reporting period[103]. Future Outlook - The company expects a passenger volume of 33.6 million and a cargo volume of 7.0 billion tons for 2021, with a revenue budget of CNY 75 billion[61]. - The company aims to enhance operational potential and strengthen cost control to achieve better business results in 2021[57]. - The coal market is anticipated to maintain a basic balance in 2021, with slight growth in domestic coal demand expected[57]. - The company plans to allocate approximately 6.3 billion yuan for capital expenditures in 2021, ensuring sufficient funds for ongoing operations and construction projects[64].