Financial Performance - The company expects a net loss attributable to shareholders of between -2.7 billion and -3.3 billion yuan for the year 2015[4] - In the same period last year, the net profit attributable to shareholders was 951.497 million yuan[6] - The earnings per share for the previous year was 0.10 yuan[7] Reasons for Loss - The primary reason for the expected loss is the significant decline in coal prices due to macroeconomic slowdown, structural adjustments, and oversupply in the coal industry[8] Financial Data Status - The financial data provided is preliminary and subject to final audit in the annual report[10]

Financial Performance - Revenue for the first nine months decreased by 11.21% to CNY 27.07 billion compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 1.81 billion, a decrease of 295.58% compared to the same period last year[7]. - Basic earnings per share were -CNY 0.18, a decrease of 300% compared to the previous year[8]. - The weighted average return on equity decreased by 301.13 percentage points to -5.35%[8]. - Total profit decreased by 141% to -¥1,154,282,839.14, reflecting a decline in corporate performance amid market downturns[15]. - Net profit attributable to shareholders fell by 296% to -¥1,805,660,650.05, driven by losses in subsidiaries in the Weibei mining area[15]. - The company anticipates a significant decline in operating performance for Q4 2015 compared to the same period last year due to the ongoing downturn in the coal market and falling coal prices[28]. - The company produced a warning regarding potential losses or significant changes in net profit for the year, primarily due to the severe coal market conditions[28]. Assets and Liabilities - Total assets increased by 3.63% to CNY 93.29 billion compared to the end of the previous year[7]. - Net assets attributable to shareholders decreased by 4.40% to CNY 32.98 billion compared to the end of the previous year[7]. - Total liabilities increased to CNY 52,026,134,582.01 from CNY 46,654,506,581.16, reflecting a rise of about 11.57%[34]. - Total current assets increased to CNY 21,086,254,148.52 from CNY 19,282,429,799.43, representing a growth of approximately 9.35%[32]. - Cash and cash equivalents decreased to CNY 5,851,218,726.68 from CNY 6,067,753,801.02, a decline of approximately 3.57%[32]. - The company's equity attributable to shareholders decreased to CNY 32,982,859,393.30 from CNY 34,499,675,556.74, a decline of about 4.39%[34]. Cash Flow - Operating cash flow increased significantly by 513.88% to CNY 334.52 million for the first nine months of the year[7]. - Net cash flow from operating activities surged by 513.88% to ¥334,515,807.20, primarily due to a significant decrease in material and equipment procurement costs[15]. - The cash inflow from operating activities for the first nine months was CNY 14,288,116,561.58, compared to CNY 22,484,474,497.24 in the previous year[49]. - The company reported a net decrease in cash and cash equivalents of ¥216,535,074.34 for Q3 2015, contrasting with an increase of ¥33,885,977.43 in Q3 2014[50]. - The company’s total cash inflow from operating activities for the first nine months of 2015 was ¥19,074,006,059.70, down from ¥27,441,382,637.10 in the same period last year, indicating a decline of about 30.5%[53]. Shareholder Information - The total number of shareholders was 52,062 at the end of the reporting period[10]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 63.37% of the shares[10]. - The company has committed to not reducing its stake in Shaanxi Coal and Chemical Industry Group and will comply with relevant laws and regulations regarding shareholder obligations[25]. - The company will notify the market four trading days prior to any share reduction and will announce it three trading days before the reduction[25]. Inventory and Receivables - Accounts receivable increased by 33% to ¥6,405,544,827.05 due to tight funds in the coal market[12]. - Prepayments rose by 83% to ¥1,562,286,341.48, attributed to increased mining rights payments and railway freight[12]. - Inventory increased by 33% to ¥1,866,819,359.58, resulting from sluggish sales in a depressed market[12]. Investment and Income - Investment income decreased by 55% to ¥210,531,609.61, attributed to declining performance of joint ventures and associates[15]. - The company reported a total non-operating income and expenses of CNY -9.42 million for the current period[9]. - The company reported a total comprehensive loss of ¥850,832,008.46 for Q3 2015, compared to a comprehensive income of ¥97,419,530.46 in Q3 2014[43]. Commitments and Agreements - Shaanxi Coal and Chemical Group has the option to acquire or dispose of competitive businesses related to its main operations, ensuring no direct or indirect competition[19]. - The commitment from Shaanxi Coal and Chemical Group is effective until either it holds less than 30% of the company's shares or the company's shares are delisted from the Shanghai Stock Exchange[19]. - The group commits to compensating the company for any losses incurred due to the lack of property ownership certificates within six months of notification[21]. - The group will unconditionally agree to renew the trademark licensing agreement, ensuring the trademarks are available for use by the company and its subsidiaries[21].

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 1,898,375.97 million, a decrease of 10.11% compared to CNY 2,111,956.24 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY -95,482.86 million, a decline of 215.62% from CNY 82,580.85 million in the previous year[19]. - The basic earnings per share for the first half of 2015 was CNY -0.0955, compared to CNY 0.0800 in the same period last year, representing a decrease of 219.375%[17]. - The net profit after deducting non-recurring gains and losses was CNY -73,637.15 million, down 189.53% from CNY 82,247.19 million in the same period last year[19]. - The company reported a significant increase in cash flow from operating activities, reaching 852.75 million yuan, a 146.68% increase year-on-year[32]. - The company anticipates a significant decline in operating performance for the second half of 2015 due to ongoing challenges in the coal market and falling coal prices[50]. Revenue and Sales - The company's operating revenue was 18.984 billion yuan, a decrease of 10.11% year-on-year, with coal business revenue accounting for 94.99% of total revenue[25]. - The company achieved a raw coal production of 53.02 million tons, a decrease of 7.92% year-on-year, and a total coal sales volume of 66.58 million tons, an increase of 1.40% year-on-year[24]. - The average selling price of coal decreased by 12.51% year-on-year to 267.73 yuan/ton, with self-produced coal price dropping by 25.73%[24]. - The company focused on optimizing sales strategies, resulting in a 148,000-ton increase in railway transport efficiency and a 559,000-ton increase in out-of-province sales[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,314,574.36 million, an increase of 3.47% from CNY 9,002,145.73 million at the end of the previous year[19]. - The company's net assets attributable to shareholders at the end of the reporting period were CNY 3,355,120.89 million, a decrease of 2.75% from CNY 3,449,967.56 million at the end of the previous year[19]. - The company's inventory increased by 38.75% to CNY 1,950,862.97 million due to market conditions and excess supply[37]. - The company's accounts payable increased by 86.34% to CNY 2,571,416.81 million, attributed to tighter cash flow and increased reliance on notes payable[37]. Investments and Expenditures - R&D expenditure decreased by 33.98% to 208.82 million yuan, reflecting reduced investment in research and development[32]. - The company invested CNY 204 million in equity investments, primarily for increasing capital in a joint venture[40]. - The total investment for the Shenwei Pipeline project is RMB 731,400.00 million, with RMB 471,523.51 million already invested[48]. - The Xiaobaodang Mine project has a total investment of RMB 1,305,700.00 million, with RMB 193,429.02 million invested to date[48]. Corporate Governance and Compliance - The company did not have any non-compliance issues regarding decision-making procedures for external guarantees[3]. - The company has established a professional sales management team to enhance market competitiveness and stabilize coal sales amid challenging market conditions[39]. - The company is committed to sustainable development practices, including a "zero emissions" project for gas management in mining operations[38]. - The company has implemented measures to ensure compliance with regulatory requirements regarding related party transactions, enhancing governance practices[70]. Shareholder Information - The total number of shareholders as of the end of the reporting period is 60,625[85]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 6,336,211,155 shares, representing 63.36% of total shares[87]. - The company distributed cash dividends of approximately RMB 300 million to shareholders, with a dividend of RMB 0.03 per share approved on June 17, 2015[49]. - The company has no preferred shares in relation to the reporting period[92]. Financial Reporting and Audit - The company has retained Sigma Accounting Firm for the 2015 financial audit[81]. - The company maintains a focus on compliance with financial reporting regulations, ensuring transparency and accountability[129]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations[130]. - The company has not experienced any significant errors that required correction during the reporting period[81].

Financial Performance - The company expects a net loss attributable to shareholders in the range of 800 million to 1 billion CNY for the first half of 2015[2] - In the same period last year, the net profit attributable to shareholders was 825.81 million CNY[4] - The earnings per share for the previous year was 0.08 CNY[4] Market Conditions - The primary reason for the expected loss is the slowdown in macroeconomic growth and the severe coal market conditions, leading to a continuous decline in coal prices[5] - The financial data provided is preliminary and subject to change upon the release of the official half-year report[5]

Financial Performance - The company achieved a net profit of 951 million RMB for the year 2014, with a proposed cash dividend distribution of 300 million RMB, representing 31.53% of the net profit attributable to shareholders [4]. - In 2014, the company's operating revenue was CNY 4,115,015.06 million, a decrease of 4.79% compared to CNY 4,321,852.25 million in 2013 [31]. - The net profit attributable to shareholders was CNY 95,149.70 million, down 72.71% from CNY 348,622.38 million in the previous year [31]. - The cash flow from operating activities was CNY 12,141.59 million, a significant decline of 97.97% compared to CNY 596,790.24 million in 2013 [31]. - The total operating revenue for 2014 was 41.15 billion yuan, which is 96.86% of the annual target of 42.485 billion yuan, primarily due to a decline in average coal prices [113]. - The company reported a total of CNY 29.18 billion in investment income from its subsidiaries [42]. - The company reported a total of 381.89 million yuan in fundraising expenditures for the year, with 226.63 million yuan allocated to replace self-funded investments in the acquisition of the Hujiayuan Coal Mine mining rights, and the remaining funds transferred to general deposit accounts for operational support [96]. Dividend Policy - The cash dividend is set at 0.30 RMB per share (including tax), based on a total share capital of 10 billion shares [5]. - Cumulative cash dividends from 2012 to 2014 amounted to CNY 3.75 billion, with a cash dividend of CNY 300 million proposed for the reporting period, representing an average payout ratio of 34.55% of net profit attributable to shareholders [128][129]. - The company maintained a cash dividend policy since its establishment, prioritizing cash distribution to protect the rights of minority investors [127]. Operational Changes - The company has maintained its main business without any changes during the reporting period [24]. - The company closed five mines in the Weibei area to eliminate loss sources and optimize market layout [41]. - The company implemented a restructuring plan for five low-efficiency mines, focusing on production reduction, suspension, or closure [46]. - The company established a new marketing model combining "professionalization and regionalization," enhancing sales efficiency and market support [47]. - The company is focusing on the construction of six key projects, including the Huangling circular economy demonstration mine and the Shenwei coal pipeline project [111]. Production and Sales - The company achieved a coal production of 115.24 million tons, a slight decrease of 1.07%, while coal sales increased by 2.26% to 134.65 million tons [40]. - The average selling price of coal was 261.21 RMB/ton, a decrease of 15.32% year-on-year, while the total cost of self-produced coal was 181.48 RMB/ton, down 6.79% year-on-year [51]. - The company’s trade coal sales reached 35.63 million tons, an increase of 2 million tons year-on-year, contributing to revenue growth despite price declines [54]. - In 2014, the total sales volume reached 13,465,000 tons, an increase of 298,000 tons or 2.26% compared to 2013, while the average selling price decreased by 15.32% to 261.21 RMB per ton [58]. Risk Management - The company faces operational risks due to macroeconomic fluctuations and changes in market supply and demand [14]. - The company is facing macroeconomic risks due to a slow global economic recovery, which may impact its strategic development and operational goals [118]. - The company is addressing rising costs through initiatives like "increasing revenue and reducing expenditure" and adopting new technologies to improve production efficiency [122]. Technological Innovation - The company plans to explore new technologies such as IoT, big data, and cloud computing to enhance operational efficiency [42]. - The company successfully implemented unmanned mining technology at Huangling No. 1 coal mine, achieving international leading levels in technology [48]. - The company has committed to technological innovation in clean coal utilization and green mining practices to drive industry transformation [132]. Environmental Responsibility - The company is actively pursuing green development and has established a comprehensive environmental protection system, achieving "zero emissions" for solid waste and wastewater [134][135]. - The company has established a framework for ecological restoration and resource recycling in its mining operations [135]. Corporate Governance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report [2]. - The company has not reported any major litigation or bankruptcy restructuring matters during the reporting period [138]. - The company will strictly adhere to regulatory requirements regarding related party transactions, ensuring fairness and market-based pricing [160]. Shareholder Relations - The company has a strategic plan to increase its shareholding in Shaanxi Coal Industry by up to 2% in the secondary market within the next 12 months [172]. - The company will ensure that the trademark usage agreement remains in effect, allowing the company and its subsidiaries to use the trademark without charge [162]. - The company has committed to not reducing its holdings in Shaanxi Coal Industry shares for 12 months following the first increase in shareholding [172].

Financial Performance - Operating revenue decreased by 12.48% to CNY 858,402.71 million year-on-year[6] - Net profit attributable to shareholders was CNY -29,104.73 million, a decline of 148.56% compared to the same period last year[6] - Basic earnings per share were CNY -0.03, a decrease of 150.00% compared to the previous year[7] - The company predicts a potential net profit loss for the year due to a downturn in the coal market and declining prices[24] - Net profit for Q1 2015 was a loss of ¥66,690,765.53, compared to a profit of ¥1,187,786,310.08 in Q1 2014, indicating a significant decline[34] - The net profit attributable to the parent company was a loss of ¥291,047,286.29, down from a profit of ¥599,403,758.81 in the previous year[34] - The overall comprehensive income for Q1 2015 was CNY -21,429,747.27, compared to CNY 33,007,270.54 in Q1 2014, indicating a significant decline in financial performance[36] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -20,213.98 million, worsening by 104.68% year-on-year[6] - Cash received from operating activities fell by 36.62% to ¥91,447,274.03 from ¥144,291,132.81, mainly due to a reduction in various deposits[13] - Cash paid for fixed assets and other long-term assets decreased by 56.63% to ¥648,801,705.00 from ¥1,495,970,000.00, reflecting a slowdown in long-term asset investment[13] - Cash inflow from operating activities totaled $5.65 billion, up from $4.98 billion year-over-year, reflecting a growth of approximately 13.6%[41] - Cash outflow from operating activities decreased to $6.24 billion from $6.74 billion, showing a decline of about 7.4%[41] - The net cash flow from financing activities was -$91.51 million, a significant decline compared to a positive cash flow of $4.86 billion in the previous period[41] Assets and Liabilities - Total assets increased by 3.83% to CNY 9,346,525.13 million compared to the end of the previous year[6] - Total current assets increased to ¥21,118,550,127.07 from ¥19,282,429,799.43, representing a growth of approximately 9.54%[27] - Total non-current assets reached ¥72,346,701,181.82, up from ¥70,739,027,539.74, indicating an increase of about 2.27%[28] - Total liabilities increased to ¥49,637,930,300.52 from ¥46,654,506,581.16, which is an increase of approximately 6.43%[28] - Total owner's equity increased to ¥43,827,321,008.37 from ¥43,366,950,758.01, showing a growth of approximately 1.06%[29] Shareholder Information - The total number of shareholders reached 30,070 at the end of the reporting period[10] - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 63.36% of the shares[10] - The company will not reduce its holdings in Shaanxi Coal Industry within 12 months of the lock-up period, with a maximum reduction of 50% of its current holdings at a price not lower than 110% of the issuance price[21] - The company will announce any share reduction plans at least 4 trading days in advance[21] Commitments and Regulatory Compliance - The company has commitments in place to avoid competition with major shareholders for 36 months post-IPO[14] - Shaanxi Coal and Chemical Group committed to not developing any competitive businesses in existing production mines under its control, ensuring exclusive coal sales through Shaanxi Coal Industry[16] - The group will ensure that any related transactions are conducted under equal competitive conditions, protecting the interests of Shaanxi Coal Industry and its shareholders[16] - The group guarantees compensation for losses incurred due to the lack of property ownership certificates within six months of notification[17] - The group will ensure the unconditional renewal of trademark usage agreements, allowing Shaanxi Coal Industry and its subsidiaries to use the trademarks without charge[17] Financial Expenses and Borrowings - Interest payable rose to ¥153,433,193.08, a 67.06% increase from ¥91,843,538.20 due to increased borrowings[13] - Financial expenses increased by 110.81% to ¥237,805,041.27 from ¥112,804,117.82, attributed to interest on increased borrowings[13] - The company reported a cash outflow of $1.01 billion for debt repayment, down from $1.4 billion, showing a reduction of approximately 27.9%[41] - The company received $1.1 billion in borrowings, a decrease from $2.6 billion, indicating a reduction of about 57.7% in financing activities[41]

Financial Performance - The company expects a net profit attributable to shareholders for 2014 to decrease by approximately 70% compared to the previous year[4] - The net profit for the same period last year was 348,622.38 million CNY[6] - The earnings per share for the previous year was 0.35 CNY[6] Market Conditions - The primary reason for the profit decline is the severe coal market conditions and continuous price drops affecting operational performance[7] Audit and Reporting - The financial data provided is preliminary and subject to final audit in the annual report[9]

Financial Performance - Operating revenue for the first nine months reached CNY 30.49 billion, an increase of 8.18% year-on-year[8] - Net profit attributable to shareholders decreased by 71.07% to CNY 923.23 million compared to the same period last year[8] - Basic earnings per share dropped by 73.67% to CNY 0.09[9] - The company's operating performance in the first three quarters of 2014 showed a decline, primarily due to the severe coal market conditions and continuous price drops, with a significant impact on overall performance[32] - The net profit attributable to shareholders was ¥97,419,530.46, down from ¥487,676,063.09 year-over-year, indicating a decrease of about 80.0%[49] - Operating revenue for the first nine months of 2014 was ¥21,883,680,281.18, down from ¥24,419,422,239.42 in the same period last year, a decrease of approximately 10.5%[53] - The total operating profit for the first nine months of 2014 was ¥2,841,501,254.25, down from ¥6,406,670,916.56 in the previous year, representing a decline of approximately 55.7%[49] Assets and Liabilities - Total assets increased by 8.21% to CNY 88.72 billion compared to the end of the previous year[8] - The total current assets amounted to approximately CNY 20.50 billion, an increase from CNY 16.22 billion at the beginning of the year, reflecting a growth of about 26.5%[39] - The total non-current assets were reported at CNY 42.67 billion, down from CNY 42.73 billion at the beginning of the year, indicating a slight decrease[39] - Total liabilities increased to ¥45,193,160,772.07 from ¥42,087,118,254.47, representing a rise of 5.00%[42] - Long-term borrowings increased significantly to ¥14,112,660,131.00 from ¥9,005,183,201.00, reflecting a growth of 56.00%[42] Cash Flow - Cash flow from operating activities for the first nine months was CNY 54.49 million, a significant decrease of 98.28% year-on-year[8] - The net cash flow from operating activities for the first nine months of 2014 was ¥54,492,129.90, significantly lower than ¥3,171,448,359.46 in the previous year, indicating a decline of about 98.3%[53] - The net cash flow from financing activities was ¥2,582,560,827.51, a significant increase from -¥822,386,753.30 year-over-year[54] - Cash inflow from financing activities totaled ¥15,321,565,130.43, compared to ¥10,544,225,600.00 in the same period last year[54] Shareholder Information - The total number of shareholders reached 45,918 by the end of the reporting period[12] - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 63.36% of the shares[12] - The company has committed to not transferring or entrusting others to manage its shares for 36 months post-IPO[20] - The company has committed to not reducing its holdings in Shaanxi Coal Industry stocks below the issuance price during the first 24 months post-lockup[24] Inventory and Receivables - Accounts receivable increased by 72.98% to ¥6.16 billion due to increased sales and slower collection of payments[15] - Inventory rose by 38.81% to ¥1.98 billion primarily due to sluggish sales in the coal market[15] Expenses and Financial Costs - Sales expenses surged by 497.26% to ¥3.68 billion, mainly due to the implementation of a one-bill settlement system[17] - The company reported a 47.41% decrease in income tax expenses to ¥512.40 million, linked to reduced taxable income from declining coal prices[17] - The financial expenses for Q3 2014 were reported at -¥103,581,833.78, compared to -¥39,381,936.21 in Q3 2013, indicating an increase in financial costs[52] Investment Activities - Investment cash outflows increased by 115.30% to ¥386.5 million due to additional investments in joint ventures[18] - The company received ¥3,809,745,130.43 from investment absorption, with no previous year comparison available[56] Market Conditions and Future Outlook - The company anticipates a significant decline in performance for Q4 2014 if coal prices continue to drop[32] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[47]

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 21.12 billion, an increase of 8.61% compared to CNY 19.45 billion in the same period last year[23]. - Net profit attributable to shareholders decreased by 69.45% to CNY 825.81 million from CNY 2.70 billion year-on-year[23]. - The total profit for the period was 2.29 billion RMB, a significant decrease of 55.29% year-on-year, with net profit attributable to shareholders dropping by 69.45% to 826 million RMB[32]. - The company's operating performance in the first half of 2014 declined significantly due to the severe coal market conditions and continuous price drops, with expectations of a substantial decrease in performance for the second half of the year[56]. - The company's net profit for the current period is CNY 2,641,549,237.49, an increase from CNY 1,600,824,479.79 in the previous period, representing a growth of approximately 64.9%[117]. - The total comprehensive income for the current period is CNY 2,641,549,237.49, compared to CNY 1,600,824,479.79 in the previous period, reflecting an increase of approximately 64.9%[118]. Cash Flow and Investments - The net cash flow from operating activities fell by 88.26% to CNY 345.69 million, down from CNY 2.94 billion in the previous year[23]. - The company’s cash flow from operating activities decreased by 88.26% to 345.69 million RMB, primarily due to increased accounts receivable[35]. - The company’s investment activities generated a net cash flow of -1.69 billion RMB, an improvement of 41.59% compared to the previous period[35]. - The company reported an investment activity cash flow net amount of CNY -1,687,393,287.29, an improvement from CNY -2,888,934,148.02 in the previous period[121]. - The net cash flow from financing activities was 4,290,746,769.34 CNY, a significant improvement from -3,629,441,305.54 CNY in the previous period[126]. Assets and Liabilities - The total assets of the company increased by 9.40% to CNY 89.69 billion compared to CNY 81.99 billion at the end of the previous year[23]. - The company's total assets as of June 30, 2014, were CNY 48,288,609,329.99, compared to CNY 39,649,778,174.02 at the beginning of the year, reflecting a growth of 21.7%[110]. - Total liabilities increased to CNY 24,169,282,838.22, up from CNY 20,781,740,050.17, representing a rise of 16.5%[111]. - The company's total liabilities decreased from ¥26,498,595,483.51 to ¥25,702,214,774.89, indicating a decline of approximately 3.0%[106]. Shareholder Information - The company distributed cash dividends of RMB 0.12 per share, totaling approximately RMB 1.2 billion, approved by the shareholders' meeting on May 15, 2014[54]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO on the Shanghai Stock Exchange[73]. - The company has received commitments from major shareholders to adhere to share transfer restrictions for 12 months post-IPO[74]. - The company has a total of 10 wholly-owned subsidiaries and 5 controlled subsidiaries, enhancing its operational capacity[147]. - The total number of shareholders at the end of the reporting period was 49,992[92]. Related Party Transactions - The company maintains that its related party transactions are conducted on fair and reasonable terms, ensuring the protection of its legal rights and shareholder interests[70]. - The company received CNY 15,000.25 million in logistics services from related parties during the first half of 2014[68]. - The cumulative procurement amount for equipment and auxiliary materials from related parties was CNY 243.68 million in the first half of 2014[65]. - The company provided engineering services worth CNY 27.77 million to related parties during the first half of 2014[66]. Compliance and Governance - The company is focused on maintaining strict compliance with its commitments to avoid conflicts of interest and competition[74]. - The company has established a framework for managing potential competitive business opportunities from affiliated entities[74]. - The company is committed to transparency and timely communication regarding its compliance with shareholder agreements[74]. - There were no major lawsuits, bankruptcy reorganizations, or significant asset transactions reported during the period[60][61][62]. Market Conditions and Future Outlook - The company anticipates a significant decline in operating performance if coal prices continue to fall[56]. - The company plans to continue focusing on market expansion and new product development to enhance future growth prospects[116]. - The company is actively monitoring market conditions to ensure compliance with its commitments and to protect its business interests[74]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the assumption of the company's ongoing operations, adhering to the relevant accounting standards[149]. - The company recognizes goodwill as an asset when the acquisition cost exceeds the fair value of identifiable net assets acquired[157]. - The company has established a provision for bad debts based on the aging analysis of receivables, with a 100% provision for receivables over 5 years old[187]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs recognized when costs exceed net realizable values[190].

陕西煤业股份有限公司 601225 2014 年第一季度报告 | | | 1.2 如有董事未出席董事会审议季度报告，应当单独列示该董事姓名及未出席原因。 | 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 | | --- | --- | --- | --- | | 姜智敏 | 独立董事 | 因公 | 贺佑国 | | 张豫生 | 独立董事 | 因公 | 贺佑国 | 1.3 | 公司负责人姓名 | 华炜 | | --- | --- | | 主管会计工作负责人姓名 | 袁景民 | | 会计机构负责人（会计主管人员）姓名 | 袁景民 | 公司负责人华炜、主管会计工作负责人袁景民及会计机构负责人（会计主管人员）袁景民保 证季度报告中财务报表的真实、准确、完整。 1.4 公司第一季度报告中的财务报表未经审计。 2 601225 陕西煤业股份有限公司 2014 年第一季度报告 | 一、 | 重要提示 2 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 5 | | 四、 | 附录 13 | 601225 陕西煤业股份有限公司 2014 年第 ...