Financial Performance - The company's operating revenue for Q3 2021 was ¥2,454,108,428.88, representing a 133.57% increase compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥656,397,756.66, showing a significant increase of 7,065.46% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥656,192,224.18, reflecting a year-on-year increase of 7,264.69%[4]. - The basic earnings per share for Q3 2021 was ¥0.55, which is a 7,065.46% increase compared to the same period last year[4]. - The net profit attributable to shareholders for the reporting period reached CNY 7,065.46 million, a significant increase due to a substantial rise in coal prices compared to the same period last year[14]. - The net profit attributable to shareholders for the year-to-date period was CNY 1,146.00 million, driven by a notable increase in both coal prices and sales volume[14]. - The net profit for Q3 2021 reached CNY 1,810,885,514.72, a significant increase from CNY 177,244,547.48 in Q3 2020, representing a growth of approximately 920%[35]. - The total profit for Q3 2021 was CNY 2,307,789,765.13, compared to CNY 338,095,600.64 in the same period last year, indicating a year-over-year increase of about 583%[35]. - The operating profit for Q3 2021 was CNY 2,334,511,649.77, up from CNY 361,057,600.65 in Q3 2020, reflecting a growth of approximately 548%[35]. - The basic earnings per share for Q3 2021 was CNY 1.07, compared to CNY 0.09 in Q3 2020, marking an increase of about 1,088%[35]. Revenue and Sales Growth - The company reported a significant increase in sales revenue due to higher coal prices and increased sales volume, with a year-to-date revenue growth of 80.10%[12]. - Total revenue for the first three quarters of 2021 reached ¥5,579,926,597.82, a significant increase from ¥3,098,180,751.20 in the same period of 2020, representing an increase of approximately 80%[33]. - Total revenue from sales of goods and services for the first nine months of 2021 was CNY 6,567,374,653.70, compared to CNY 3,544,014,453.12 in the previous year, indicating a growth of about 85%[40]. Assets and Equity - The total assets at the end of Q3 2021 amounted to ¥26,542,738,573.19, a 6.70% increase from the end of the previous year[7]. - The equity attributable to shareholders increased by 17.43% to ¥8,973,010,443.67 compared to the end of the previous year[7]. - The company's total assets increased to ¥26,542,738,573.19 in 2021 from ¥24,876,507,212.91 in 2020, marking an increase of about 6.7%[31]. - The total equity attributable to shareholders rose to ¥8,973,010,443.67 in 2021 from ¥7,641,092,946.68 in 2020, representing an increase of approximately 17.5%[31]. - Total equity amounted to $11,209,618,470.84[50]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥3,426,412,388.32, representing a 138.50% increase compared to the same period last year[4]. - The net cash flow from operating activities for the year-to-date period was CNY 138.50 million, primarily due to increased cash receipts from sales of coal products[14]. - Cash flow from operating activities for the first nine months of 2021 was CNY 3,426,412,388.32, significantly higher than CNY 1,436,660,256.62 in the same period of 2020, representing an increase of approximately 139%[40]. - The net cash inflow from investment activities in the first nine months of 2021 was CNY 1,155,174,100.00, with cash inflow from the disposal of fixed assets and other long-term assets amounting to CNY 68,965,287.71[40]. - The company reported a significant increase in cash outflows for fixed asset investments, totaling CNY 102.71 million, primarily due to increased investment in the Hongdunzi coal project[14]. Liabilities and Financial Position - The total liabilities decreased slightly to ¥13,660,252,188.15 in 2021 from ¥13,666,888,742.07 in 2020, showing a marginal decline of approximately 0.05%[31]. - The company's total liabilities reached 13,677,251,007.85 RMB, compared to 13,666,888,742.07 RMB previously, showing a slight increase[48]. - The company's long-term borrowings increased to ¥4,967,100,000.00 in 2021 from ¥3,682,954,187.46 in 2020, reflecting an increase of about 35%[29]. - Non-current liabilities totaled 8,965,888,649.02 RMB, up from 8,955,526,383.24 RMB, indicating a rise in long-term obligations[48]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,406, with the largest shareholder holding 63.31% of the shares[17]. - The net profit attributable to minority shareholders for Q3 2021 was CNY 523,393,872.43, compared to CNY 73,914,332.51 in Q3 2020, indicating a growth of approximately 608%[35]. Regulatory and Other Developments - The company is closely monitoring regulatory developments following a notice from the China Securities Regulatory Commission regarding administrative penalties[21]. - The company has not disclosed any new product or technology developments during the reporting period[21].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥2,454,108,428.88, representing a 133.57% increase compared to the same period last year[4]. - Net profit attributable to shareholders was ¥656,397,756.66, a staggering increase of 7,065.46% year-over-year[4]. - The net profit after deducting non-recurring gains and losses was ¥656,192,224.18, reflecting a 7,264.69% increase compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.55, marking a 7,065.46% increase year-over-year[4]. - Total operating revenue for the first three quarters of 2021 reached ¥5,579,926,597.82, a significant increase from ¥3,098,180,751.20 in the same period of 2020, representing an increase of approximately 80.0%[27]. - Total operating costs for the first three quarters of 2021 were ¥3,246,640,659.87, compared to ¥2,843,498,932.83 in 2020, reflecting an increase of about 14.2%[27]. - The company's net profit for the first three quarters of 2021 is not explicitly stated but can be inferred from the operating revenue and costs[27]. - The company's net profit for the current period reached CNY 1,810,885,514.72, a significant increase compared to CNY 177,244,547.48 from the previous period, representing a growth of approximately 920%[29]. - Total revenue from operating activities amounted to CNY 7,056,281,147.71, up from CNY 4,132,470,716.38, indicating a year-over-year increase of about 70%[34]. - The basic earnings per share (EPS) for the current period was CNY 1.07, compared to CNY 0.09 in the previous period, reflecting a substantial increase of over 1,100%[32]. - The company's total profit reached CNY 2,307,789,765.13, compared to CNY 338,095,600.64 in the previous period, marking an increase of approximately 583%[29]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥26,542,738,573.19, a 6.70% increase from the end of the previous year[7]. - Total assets as of September 30, 2021, were ¥26,542,738,573.19, compared to ¥24,876,507,212.91 at the end of 2020, showing an increase of about 6.7%[24]. - Total liabilities as of September 30, 2021, were ¥13,660,252,188.15, slightly down from ¥13,666,888,742.07 at the end of 2020, indicating a decrease of approximately 0.05%[26]. - The company's non-current assets totaled ¥21,958,712,226.03 as of September 30, 2021, down from ¥22,717,751,724.07 at the end of 2020, reflecting a decrease of about 3.3%[24]. - The company reported a total liability of $13.67 billion, which is an increase from $13.67 billion in the previous period[42]. - Total liabilities and shareholders' equity totaled approximately ¥24.88 billion[44]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥3,426,412,388.32, showing a 138.50% increase compared to the same period last year[4]. - Cash flow from operating activities increased by 85.31% driven by strong coal market demand and rising prices[11]. - The company reported a net cash flow from operating activities of CNY 3,426,412,388.32, significantly higher than CNY 1,436,660,256.62 from the previous year, showing improved cash generation capabilities[34]. - The net cash inflow from investment activities was $462.67 million, a significant increase compared to a net outflow of $337.46 million in the previous period[36]. - Cash and cash equivalents increased by 155.00% due to the payment for the acquisition of a 30% stake in BOE Energy and increased cash from coal sales[11]. - Cash and cash equivalents at the end of the period totaled $3.82 billion, up from $1.22 billion at the end of the previous period[36]. Equity and Shareholder Information - The equity attributable to shareholders reached ¥8,973,010,443.67, which is a 17.43% increase compared to the previous year[7]. - Total equity attributable to shareholders reached approximately ¥7.64 billion[44]. - Total equity (or shareholders' equity) stood at approximately ¥11.21 billion[44]. - Minority interests amounted to approximately ¥3.57 billion[44]. - Unallocated profits were approximately ¥1.91 billion[44]. - Capital reserve was approximately ¥3.32 billion[44]. - Other comprehensive income reported a loss of approximately ¥154.91 million[44]. - Special reserves amounted to approximately ¥408.61 million[44]. - Surplus reserves reached approximately ¥950.76 million[44]. Operational Efficiency - The weighted average return on equity for the quarter was 7.6%, an increase of 7.46 percentage points year-over-year[4]. - The company's operating profit was CNY 2,334,511,649.77, a significant increase from CNY 361,057,600.65 in the previous period, indicating strong operational efficiency[29]. - Research and development expenses decreased by 65.41% due to the late start of outsourced R&D projects[11]. - Research and development expenses were CNY 561,485.62, while financial expenses totaled CNY 309,551,197.21, indicating a focus on innovation despite high financing costs[29]. Other Notable Information - The company reported government subsidies of ¥6,399,736.51 for the quarter, contributing to its financial performance[8]. - The company incurred a credit impairment loss of CNY -9,915,873.77, compared to CNY -651,075.80 in the previous period, indicating a deterioration in credit quality[29]. - The company’s investment income showed a slight improvement, with losses of CNY -16,512,000.00 compared to CNY -18,334,000.00 in the previous period, suggesting stabilization in investment performance[29]. - The company has received an administrative penalty notice from the China Securities Regulatory Commission, which it will closely monitor and comply with disclosure obligations[17].

2021 年第一季度报告 公司代码：601101 公司简称：昊华能源 北京昊华能源股份有限公司 2021 年第一季度报告 1 / 18 2021 年第一季度报告 目录 in in t 重要提示 公司基本情况 . 重要事项 . 四、 附录 . 2 / 18 2021 年第一季度报告 一、 重要提示 1.1 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 导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|------------------|--------------| | | | | | | | | | | | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | 李长立 | 董事 | 因其他公务 | 关志生 | | 朱方文 | 董事 | 因其他公务 | 于福国 | | 张一弛 | 独立董事 | 因其他公务 | 朱大旗 | 1.3 公司负责人关志生、主管会计工作负责人谷中和及会计机构 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥4.36 billion, a decrease of 21.15% compared to 2019[19]. - The net profit attributable to shareholders for 2020 was approximately ¥47.90 million, down 83.53% from the previous year[19]. - The net cash flow from operating activities for 2020 was approximately ¥1.76 billion, a decrease of 7.87% compared to 2019[19]. - The basic earnings per share for 2020 was ¥0.04, reflecting a decline of 83.33% from ¥0.24 in 2019[19]. - The weighted average return on equity for 2020 was 0.61%, a decrease of 3.15 percentage points from 2019[19]. - The company's total assets at the end of 2020 were approximately ¥24.88 billion, a decrease of 0.67% from the previous year[19]. - The company reported a significant decline in net profit in Q4 2020, primarily due to the reversal of deferred tax assets and impairment provisions[19]. - The company reported a total annual emission of 146.852 tons of sulfur dioxide and 198.295 tons of nitrogen oxides in 2020[90]. - The company reported a total revenue of 10 billion RMB for the fiscal year, representing a 15% increase year-over-year[109]. - The company reported a total revenue of 1.5 billion in 2020, representing a year-over-year increase of 10%[112]. Dividend Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares, totaling approximately 35.99 million CNY based on a total share capital of 1,199,998,272 shares as of December 31, 2020[6]. - The company plans to distribute at least 30% of its distributable profits as cash dividends, provided it has positive retained earnings[68]. - In 2020, the company distributed cash dividends totaling approximately 359.99 million yuan, representing 31.92% of the adjusted net profit over the past three years[71]. - The company reported a net profit of 478.96 million yuan in 2020, with a cash dividend of 0.30 yuan per share[71]. - The company allocated ¥83,999,879.04 for profit distribution to shareholders, which is a decrease from the previous year's allocation of ¥227,999,671.68, suggesting a more conservative approach to profit distribution this year[182]. Governance and Compliance - The company has received a standard unqualified audit report from Tianyuan CPA, ensuring the financial report's authenticity and completeness[3]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[7]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[7]. - The company maintains a commitment to transparency and accuracy in its financial reporting, as stated by its management team[5]. - The company operates under the supervision of its board of directors and has established a robust governance structure[9]. - The company has appointed Tianyuan CPA as its auditing firm, ensuring compliance with financial regulations[16]. - The company has established a legal governance structure and compliance management system to enhance decision-making and operational management[34]. - The company has actively cooperated with regulatory investigations and complied with disclosure obligations during the investigation period[85]. - The company has confirmed that there are no major issues regarding the integrity and honesty of its management team during the audit transition[80]. Operational Efficiency and Innovation - The company has improved its coal washing process, achieving a clean coal yield of 60%, enhancing product competitiveness[29]. - The company has completed the intelligent transformation of two mining faces, increasing recovery efficiency from 249.7 tons per worker to 280.06 tons per worker, a 12.2% improvement[29]. - The company invested a total of 224.37 million yuan in technological innovation throughout the year, contributing to high-quality development[36]. - The intelligent mining face at the company's Gaojialiang coal mine achieved a recovery efficiency increase from 249.7 tons per worker in 2019 to 280.06 tons per worker in 2020, a 12.2% improvement[36]. - The company is focusing on the development of intelligent mining and smart mines to enhance competitiveness and extend the lifecycle of its operations[66]. Environmental Responsibility - The company has implemented a comprehensive environmental protection strategy, including a 150m³/h wastewater treatment station with high efficiency for COD, BOD, and ammonia nitrogen treatment[93]. - The company operates three 160t/h circulating fluidized bed boilers, equipped with desulfurization and denitrification systems, ensuring emissions meet the standards of SO2 < 100mg/m³, NOX < 100mg/m³, and particulate matter < 30mg/m³[93]. - The company has established an online flue gas monitoring system, which has been approved by the local environmental protection authorities[93]. - The company has conducted environmental impact assessments and received approvals from the local environmental protection bureau for its projects, including a 400,000 tons/year coal-to-methanol project[93]. - The company adheres to the emission standards set by the "Emission Standards of Air Pollutants for Thermal Power Plants" (GB13223-2011)[90]. Market and Production - In 2020, the company achieved coal production of 12.15 million tons, a decrease of 4.97% year-on-year, and coal sales of 13.10 million tons, down 10.31% year-on-year[29]. - The company has a total resource reserve of approximately 2.142 billion tons across four mining rights in China, with all mining rights certificates obtained[29]. - The company plans to expand coal production capacity to 30 million tons by 2025, leveraging its shareholder advantage from Jingneng Group[29]. - The company is actively exploring new coal resource projects in coal-rich areas such as Inner Mongolia and Ningxia[34]. - The company has maintained stable communication with existing customers, ensuring consistent demand for its products[29]. Financial Management - The average financing cost for the company decreased to 5.14% in 2020, a reduction of nearly 49 basis points year-on-year[40]. - The company reported a loan repayment rate of 100% for both 2020 and 2019, indicating strong debt management[140]. - The company has a total credit line of CNY 71.00 billion, with CNY 28.98 billion utilized as of the reporting period[140]. - The asset-liability ratio increased slightly by 0.17 percentage points to 54.94% in 2020, remaining relatively stable[140]. - The company reported a significant increase in interest expenses, totaling CNY 112,037,860.44, compared to CNY 123,797,726.36 in the previous year[170]. Human Resources - The total number of employees in the parent company is 2,359, while the total number of employees in major subsidiaries is 3,078, resulting in a combined total of 5,437 employees[117]. - The company has a total of 4,567 production personnel, 56 sales personnel, 267 technical personnel, 56 financial personnel, and 491 administrative personnel[117]. - The company emphasizes the importance of training, with various programs aimed at improving the overall technical skill level of employees[116]. - The company conducted safety training for 28,211 participants, emphasizing the importance of safety management and compliance with the Safety Production Law[120]. - The company has implemented a salary adjustment mechanism based on performance, adhering to the principle of "efficiency first, fairness considered"[116]. Strategic Outlook - The company anticipates risks related to safety production, price fluctuations of coal and methanol, and uncertainties in the development of the Bayannaoer coalfield[66]. - The company is committed to aligning its long-term strategy with new policies on carbon neutrality and peak carbon emissions[66]. - The company is actively pursuing strategic innovations and research in clean energy utilization to achieve its vision of becoming an outstanding listed company in energy efficiency[66]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 1 billion RMB allocated for potential deals[112]. - The company provided guidance for the next fiscal year, expecting revenue growth of 12% to 15%[109].

Financial Performance - Operating revenue for the first nine months was CNY 3,098,180,751.20, down 26.60% year-on-year[17] - Net profit attributable to shareholders was CNY 103,330,214.97, a decline of 82.83% compared to the same period last year[17] - Basic earnings per share decreased by 82.00% to CNY 0.09[17] - The company reported a non-recurring loss of CNY 33,763,215.19 related to restructuring expenses[19] - Total operating revenue for the period was approximately $1.05 billion, a decrease from $1.50 billion in the previous period, representing a decline of about 29.9%[47] - Net profit for the period was approximately $32 million, compared to $213 million in the previous period, indicating a decline of about 85%[47] - The company reported a total profit of approximately $92 million, down from $292 million, representing a decrease of about 68%[47] - Earnings per share (EPS) for the period was $0.0076, compared to $0.13 in the previous period, reflecting a significant decline[50] - The company recorded a total comprehensive income of approximately $31 million, down from $213 million, indicating a decrease of about 85%[50] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 1,436,660,256.62, down 12.17% year-on-year[17] - The company's net cash flow from operating activities for the first three quarters of 2020 was ¥1,436,660,256.62, a decrease from ¥1,635,720,177.74 in the same period of 2019, representing a decline of approximately 12.2%[55] - Total cash inflow from operating activities was ¥4,132,470,716.38, down from ¥5,468,057,295.85 in 2019, indicating a decrease of about 24.4%[55] - Cash outflow from operating activities totaled ¥2,695,810,459.76, compared to ¥3,832,337,118.11 in 2019, reflecting a reduction of approximately 29.6%[55] - The total cash inflow from investment activities was ¥1,529,622.44, down from ¥167,325,610.68 in 2019, indicating a significant drop of around 99.1%[55] - The net cash flow from investing activities was approximately ¥-3.52 billion for the first three quarters of 2020, compared to ¥-337 million in the same period of 2019[58] - The net cash flow from financing activities showed a significant outflow of approximately ¥-2.44 billion in the first three quarters of 2020, contrasting with an inflow of approximately ¥1.69 billion in the same period of 2019[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 22,321,462,386.80, a decrease of 6.77% compared to the end of the previous year[17] - Cash and cash equivalents decreased by 52.61% to CNY 122,077.03 million due to significant debt repayments during the period[23] - Accounts receivable increased by 42.05% to CNY 23,517.23 million, primarily due to unsettled payments from power plant customers[23] - Inventory decreased by 43.33% to CNY 18,784.05 million as a result of the exit of the Jingxi coal mine[23] - The company's total liabilities decreased from approximately ¥13.66 billion to about ¥11.94 billion, a reduction of around 13%[37] - Total liabilities reached approximately ¥13.66 billion, with current liabilities totaling around ¥6.39 billion[66] - The company's equity attributable to shareholders decreased slightly from approximately ¥6.78 billion to ¥6.76 billion[37] - Total assets decreased from CNY 15.71 billion to CNY 13.75 billion, a decline of approximately 12.4%[42] - Total liabilities amount to approximately $9.37 billion[72] - The total amount of owner's equity is approximately $6.34 billion[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 39,190[19] - The largest shareholder, Beijing Energy Group Co., Ltd., held 63.31% of the shares[19] Government Support and Subsidies - The company received government subsidies amounting to CNY 48,245,498.98 during the reporting period[19] Research and Development - Research and development expenses decreased by 58.41% to CNY 162.34 million due to project delays caused by the pandemic[25] - Research and development expenses increased to approximately $1.28 million, up from $740 thousand, showing a rise of about 73%[47] Operational Challenges - The company expects a significant decline in cumulative net profit for the year 2020 compared to the same period last year, primarily due to the impact of the pandemic, decreased coal production and sales, and losses from Guotai Chemical[29] - The company has indicated that the cessation of operations at the Jingxi coal mine and reduced sales of anthracite coal have contributed to the expected profit decline[29] - The Hongqingliang coal mine has been under maintenance mining since its suspension on August 7, 2020, while the company works on obtaining necessary mining permits[28] - The company is coordinating with relevant parties regarding overpayment issues from the 2015 acquisition of Jingdongfang Energy[28]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2020, representing a year-on-year growth of 15%[1] - The company's operating revenue for the first half of the year was CNY 2,047,475,976.78, a decrease of 24.80% compared to the same period last year[21] - Net profit attributable to shareholders was CNY 94,169,633.50, down 78.91% year-on-year[21] - Basic earnings per share decreased by 78.38% to CNY 0.08[21] - The total comprehensive income for the first half of 2020 was CNY 150,918,677.76, compared to CNY 552,453,056.83 in the previous year, reflecting a significant decrease[127] - The company reported a net loss of CNY 4,326,620.15 for the second quarter of 2020, compared to a net profit of CNY 160,828,107.88 in the same quarter of 2019[129] Market Expansion and Strategy - The company is planning market expansion into Southeast Asia, targeting a 30% market share within three years[5] - A strategic acquisition of a local coal mining company is in progress, which is projected to increase annual production capacity by 1 million tons[6] - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2020, which would require a 10% growth in the second half[3] - The company is actively promoting the construction of the Hongdunzi coal mine project to enhance production capacity[32] Cost Management and Efficiency - The company has successfully reduced operational costs by 8% through efficiency improvements and cost-cutting measures[8] - The company is focusing on cost reduction and improving competitiveness in response to market challenges[32] - The company’s operating costs were 1.01 billion yuan, a decrease of 16.52% year-on-year, primarily due to reduced coal and methanol sales[43] Research and Development - The company has allocated 200 million RMB for research and development in the next fiscal year, focusing on sustainable energy solutions[7] - The company’s R&D expenses decreased by 89.26% to 339,622.64 yuan, mainly due to delays in project initiation caused by the pandemic[43] - Research and development expenses for the first half of 2020 were CNY 339,622.64, significantly lower than CNY 3,162,993.69 in the same period of 2019, reflecting a strategic shift[126] Financial Position and Assets - The company's total assets decreased by 5.01% to CNY 22,742,688,729.64 compared to the end of the previous year[21] - The company has over 2 billion tons of coal reserves, with additional reserves in South Africa[30] - Cash and cash equivalents decreased by 37.54% to approximately ¥1.71 billion, primarily due to the repayment of a ¥1.2 billion debt to Taikang Insurance[47] - Total liabilities decreased to ¥12,358,671,699.26 from ¥13,658,767,975.18, a decrease of approximately 9.5%[116] Regulatory and Compliance Issues - The company is facing risks related to regulatory changes in mining licenses, which could impact future operations[9] - The company received a warning letter from the China Securities Regulatory Commission due to the significant accounting error identified in its financial reports from 2015 to 2018[65] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure regulations[67] Environmental and Safety Management - The company has implemented a flue gas desulfurization system with a desulfurization efficiency of 96% and a dust removal efficiency of 99%[73] - The company has not experienced any environmental pollution incidents during the reporting period, and all environmental protection facilities are operating normally[76] - The company faces safety production risks due to the nature of its coal and coal chemical operations, despite having advanced safety management systems in place[54] Shareholder and Equity Information - The company has committed to enhancing shareholder returns, with plans to distribute 100 million RMB in dividends this year[10] - The largest shareholder, Beijing Energy Group, holds 754,357,091 shares, representing 62.86% of the total shares[84] - The total equity attributable to the parent company at the end of the reporting period is CNY 6,730,358,629.86, a decrease of CNY 53,951,347.61 compared to the previous period[142] Debt and Financing - The company completed the annual interest payment for the "14 Haohua 01" bond on March 26, 2020, with a total bond balance of 14.74 billion RMB and an interest rate of 5.5%[94][95] - The company issued a short-term financing bond of 1 billion RMB at an interest rate of 3.43%, which was fully repaid by July 21, 2020[107] - Short-term borrowings increased by 1,122.59% to approximately ¥2.07 billion, reflecting the company's liquidity needs in the second half of 2019 and the first half of 2020[47] Accounting and Financial Reporting - The company acknowledged a significant accounting error, overestimating intangible assets by approximately 2.824 billion RMB due to miscalculation of coal resources[65] - The company adheres to the relevant accounting standards, ensuring that the financial statements accurately reflect its financial position and operating results[159] - The company recognizes revenue based on specific accounting policies tailored to its operational characteristics, including safety fees and maintenance costs[158]

Financial Performance - The company's operating revenue for 2019 was approximately ¥5.53 billion, a decrease of 4.78% compared to 2018[23]. - The net profit attributable to shareholders for 2019 was approximately ¥262.17 million, down 63.65% from the previous year[23]. - The net cash flow from operating activities was approximately ¥1.91 billion, reflecting an 18.15% decrease year-on-year[23]. - The total assets at the end of 2019 amounted to approximately ¥23.94 billion, an increase of 33.18% compared to the previous year[23]. - The net assets attributable to shareholders increased by 2.22% to approximately ¥6.78 billion at the end of 2019[23]. - Basic earnings per share for 2019 were ¥0.22, a decline of 63.33% compared to 2018[23]. - The weighted average return on net assets was 3.90%, a decrease of 7.46 percentage points from the previous year[23]. - The company reported a non-operating income of approximately ¥188.87 million from government subsidies in 2019[26]. - The company experienced a loss of approximately ¥204.59 million related to restructuring expenses in 2019[26]. - The company reported a total cash balance of ¥2,693,332,337.18 as of December 31, 2018, which remained unchanged after the implementation of the new financial instrument standards[98]. Dividend Policy - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares, totaling approximately 84 million CNY based on a total share capital of 1,199,998,272 shares as of December 31, 2019[5]. - The company paid a cash dividend of CNY 1.90 per 10 shares, totaling CNY 227.99 million, resulting in a dividend yield of 3.09%[39]. - In 2019, the company distributed cash dividends totaling approximately ¥83.99 million, representing 32.04% of the net profit attributable to ordinary shareholders[85]. - The cash dividend per 10 shares was ¥0.70 in 2019, compared to ¥1.90 in 2018 and ¥1.60 in 2017[85]. - The company has a cash dividend policy that ensures at least 30% of distributable profits are allocated to shareholders, barring special circumstances[84]. Strategic Adjustments and Future Plans - The company is currently in a strategic adjustment phase for its wholly-owned subsidiary, Haohua International, which has been experiencing continuous losses[8]. - The company plans to continue focusing on market expansion and new product development in the upcoming fiscal year[23]. - The company aims to achieve a raw coal production capacity of 30 million tons by 2025, focusing on coal, electricity, oil and gas, and coal chemical collaboration[75]. - The company is focusing on a dual-driven expansion model through new construction and acquisitions to increase total production capacity[75]. - The company plans to enhance its governance structure by increasing the proportion of external directors and improving decision-making efficiency[76]. - The company aims to maintain stable production and operations while addressing historical issues and ensuring shareholder and investor rights[76]. - The company will continue to explore new energy projects, including oil and gas, to expand its business scope[76]. Operational Challenges - The company faced significant operational challenges due to the COVID-19 pandemic, impacting its ability to meet annual production targets[74]. - The company is actively researching avenues for loss recovery related to accounting errors from 2015, with the potential recovery amount remaining uncertain[8]. - The company emphasizes the importance of investor awareness regarding potential risks associated with the adjustments and recovery efforts[8]. Environmental and Safety Management - The company reported a total annual atmospheric pollutant emissions of 139.446 tons for sulfur dioxide and 212.644 tons for nitrogen oxides in 2019, with a total pollution tax payment of CNY 572,264.88[120]. - The company operates three 160t/h circulating fluidized bed boilers, achieving a desulfurization efficiency of 96% and a dust removal efficiency of 99%[121]. - The company has not reported any environmental pollution incidents in 2019, maintaining stable operation of all environmental protection facilities[124]. - The company has established an emergency response plan for environmental incidents, which was submitted for record-keeping in December 2016[126]. - The company acknowledges safety production risks but is enhancing its safety management systems and employee training to mitigate these risks[80]. Governance and Compliance - The board and supervisory committee have confirmed that the financial report is true, accurate, and complete, and they will continue to monitor the situation closely[5]. - The company has committed to avoiding competition with its subsidiary, ensuring no similar business operations are conducted[90]. - The company has made commitments to reduce related party transactions and ensure fair pricing in any unavoidable transactions[90]. - The company has a history of compliance with commitments made regarding related party transactions and competition avoidance[90]. - The company has not faced any penalties or corrective actions involving its directors, supervisors, or senior management[109]. Research and Development - The company invested CNY 225.82 million in R&D, resulting in 66 patent applications, including 6 invention patents and 60 utility model patents[43]. - The total research and development investment was 225.82 million RMB, representing 4.08% of operating revenue[58]. - Research and development expenditures increased by 30%, totaling $150 million, to support new technology initiatives[148]. Financial Instruments and Accounting - The company has implemented new financial instrument standards effective January 1, 2019, which require all recognized financial assets to be measured at amortized cost or fair value[94]. - The company has classified financial assets into three categories under the new standards: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[94]. - The company identified a significant accounting error regarding the resource quantity of its subsidiary, leading to a reduction of intangible assets by ¥2,824,923,681.25 and a decrease in minority interests by ¥1,412,461,840.62[102]. Shareholder Information - 京能集团 acquired 747,564,711 shares of Haohua Energy from Jingu Coal Group, representing approximately 62.30% of the total shares, making it the controlling shareholder[130]. - The total share capital of Haohua Energy remains unchanged at 1,199,998,272 shares, with the actual controller still being the Beijing State-owned Assets Supervision and Administration Commission[131]. - The number of ordinary shareholders increased from 43,297 to 45,059 during the reporting period[134]. - The top ten shareholders include Beijing Energy Group with 62.30% ownership, Shougang Group with 1.86%, and China Coal Energy Group with 1.86%[134].

证券代码：601101 证券简称：昊华能源 公告编号： 2020-026 北京昊华能源股份有限公司 关于召开 2019 年年度业绩说明会暨投资者保护 宣传日活动通知的公告 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 ●会议时间：2020 年 5 月 29 日（周五）下午 15:00 至 16:30 ●会议方式：网络互动 ●会议地点：中证网（http://www.cs.com.cn）在线交流 一、说明会类型 北京昊华能源股份有限公司（以下简称"昊华能源"或"公司"） 已披露了《2019 年年度报告》和《2020 年第一季度报告》（公告内容 详见上海证券交易所网站 http://www.sse.com.cn）。为维护广大投资 者利益，便于投资者更加全面深入地了解公司情况，根据《上海证券 交易所上市公司现金分红指引》规定，以及《关于推进上市公司召开 投资者说明会工作的通知》、《关于进一步加强上市公司投资者关系管 理工作的通知》等文件精神，公司计划于 2020 年 5 月 29 日通过网络 互动方式，举办公司 ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥5.53 billion, a decrease of 4.78% compared to 2018[23]. - The net profit attributable to shareholders for 2019 was approximately ¥262.17 million, down 63.65% from the previous year[23]. - The net cash flow from operating activities for 2019 was approximately ¥1.91 billion, representing an 18.15% decrease year-on-year[23]. - The total assets at the end of 2019 were approximately ¥23.94 billion, an increase of 33.18% compared to the end of 2018[23]. - The basic earnings per share for 2019 was ¥0.22, a decline of 63.33% from ¥0.60 in 2018[23]. - The weighted average return on equity for 2019 was 3.90%, a decrease of 7.46 percentage points from the previous year[23]. - The company reported a non-operating income of approximately ¥188.87 million from government subsidies in 2019[26]. - The company experienced a loss of approximately ¥204.59 million related to restructuring expenses in 2019[26]. - The net profit attributable to shareholders for Q4 2019 was a loss of approximately ¥339.58 million[28]. - The company’s net assets attributable to shareholders at the end of 2019 were approximately ¥6.78 billion, an increase of 2.22% from the previous year[23]. Dividend Distribution - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares, totaling approximately 84 million CNY based on a total share capital of 1,199,998,272 shares as of December 31, 2019[5]. - The company has not proposed any capital reserve conversion into share capital in the profit distribution plan[5]. - The company paid a cash dividend of CNY 1.90 per 10 shares, resulting in a total payout of CNY 227.99 million, with a dividend yield of 3.09%[39]. - In 2019, the company distributed cash dividends totaling approximately ¥83.99 million, representing 32.04% of the net profit attributable to ordinary shareholders[85]. - The cash dividend per 10 shares was ¥0.70 in 2019, compared to ¥1.90 in 2018 and ¥1.60 in 2017[85]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[88]. Strategic Adjustments and Operations - The company is currently in a strategic adjustment phase for its wholly-owned subsidiary, Haohua International, which has been continuously losing money in recent years[8]. - The company is actively researching loss recovery methods related to accounting errors from 2015, with the potential recovery amount remaining uncertain[8]. - The company will continue to monitor and disclose information regarding the uncertain recovery of losses and the strategic development of its projects[8]. - The company emphasizes the importance of investor awareness regarding potential risks associated with the adjustments and accounting corrections[6]. - The company aims to enhance its coal production and sales, methanol production and sales, and railway transportation services[32]. - The company is focusing on expanding its coal-chemical and other industry extension projects to enhance its scale and profitability[36]. - The company aims to maintain stable production and operations while addressing historical issues and ensuring shareholder and investor rights[76]. - The company plans to adopt a dual-driven model of new construction and mergers and acquisitions for industry expansion[75]. - The company aims to enhance governance levels by strengthening compliance training and promoting a culture of legal operation among all employees[79]. Financial Management and Investments - The company reduced various tax expenses by CNY 131 million in 2019, and the management of procurement costs led to an average price drop of 5% in chemical building materials[43]. - The company’s average financing cost decreased by 0.15 percentage points in 2019, saving over CNY 40 million in financial expenses[43]. - The company reported a significant increase in short-term borrowings to 1,990.38 million RMB, up 485.41% compared to the previous period[63]. - The company’s cash flow from financing activities increased by 2,823 million RMB to 1,820 million RMB, primarily due to the issuance of short-term financing bonds[61]. - The company’s total liabilities increased by 3.22 billion yuan compared to the end of 2018, impacting various financial ratios[200]. Environmental and Safety Management - The company reported a total annual atmospheric pollutant emissions of 139.446 tons for sulfur dioxide, 212.644 tons for nitrogen oxides, and 14.672 tons for smoke in 2019, with a total pollution tax payment of ¥572,264.88[120]. - The desulfurization efficiency of the company's boiler systems is 96%, while the dust removal efficiency is 99%, and the denitrification efficiency is 60%[121]. - The company has not experienced any environmental pollution incidents in 2019, maintaining stable operation of all environmental protection facilities[125]. - The company has established an emergency response plan for environmental incidents, which was submitted for record-keeping in December 2016[126]. - The company has built online monitoring facilities for flue gas emissions, which were approved by local environmental protection authorities in August 2016[127]. - The company maintained a zero-accident safety record throughout 2019, achieving no fatalities or major injuries[39]. Corporate Governance - The company has undergone changes in its board of directors and supervisory board due to retirements and re-elections[157]. - The company reduced the number of board members from 15 to 13, optimizing the board structure[172]. - The company held 6 board meetings in 2019, reviewing 43 proposals[173]. - The annual shareholders' meeting on June 6, 2019, had 7 shareholders present, representing 773,786,809 shares, or 64.48% of total shares[177]. - The board's work report for 2018 was approved with a passing rate of 99.9995% at the annual shareholders' meeting[177]. - The company completed the election of the supervisory board in 2019, adhering to legal procedures[174]. Legal and Compliance Issues - The company is involved in a significant lawsuit with China Railway Material Energy Co., claiming a guarantee fee of RMB 34.8 million, which is alleged to be an asset transfer to evade debt[109]. - The company has not faced any risks of suspension from listing as of the reporting date[104]. - The company has not reported any significant risks related to its operations during the reporting period[184]. Research and Development - In 2019, the company invested CNY 225.82 million in R&D, resulting in 66 patent applications, including 6 invention patents[43]. - The total research and development investment was 225.82 million RMB, representing 4.08% of operating revenue[58]. - The number of R&D personnel was 303, making up 4.95% of the total workforce[58]. - Research and development investments increased by 30%, focusing on sustainable energy technologies[152].

2020 年第一季度报告 公司代码：601101 公司简称：昊华能源 北京昊华能源股份有限公司 2020 年第一季度报告 1 / 22 2020 年第一季度报告 í 重要提示 = 、 公司基本情况 líl 重要事项 ... .. 四、 附录 目录 2 / 22 2020 年第一季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责 任。 | --- | --- | --- | --- | |----------------|----------------|------------------------------------------------------------------------|--------------| | | | | | | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | 彭苏萍 | 独立董事 | 因有其他公务 | 张一弛 | | 朱大旗 | 独立董事 | 因有其他公务 | 汪昌云 | | 1.3 | | 公司负责人关志 ...