lu'an EED(601699)
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潞安环能(601699) - 2019 Q1 - 季度财报
2019-04-25 16:00
Financial Performance - Net profit attributable to shareholders increased by 21.97% to CNY 870.20 million year-on-year[4] - Operating revenue rose by 9.26% to CNY 5.62 billion compared to the same period last year[4] - Basic earnings per share increased by 20.83% to CNY 0.29 per share[4] - The company's net profit after deducting non-recurring gains and losses rose by 22.77% to CNY 880.44 million[4] - Total profit increased by 32.63% to ¥1,149,998,942.16, driven by increased sales volume of commodity coal[10] - Net profit for Q1 2019 reached CNY 843,383,372.55, representing a 21.6% increase from CNY 693,897,090.00 in Q1 2018[21] - Total profit for Q1 2019 was CNY 1,149,998,942.16, compared to CNY 867,092,377.87 in Q1 2018, marking an increase of 32.5%[21] Cash Flow - Net cash flow from operating activities surged by 85.38% to CNY 1.01 billion year-on-year[4] - Cash flow from operating activities increased by 85.38% to ¥1,007,705,803.34 due to higher cash received from sales of goods and services[10] - Cash inflow from operating activities totaled ¥7.13 billion in Q1 2019, compared to ¥5.02 billion in Q1 2018, reflecting a growth of about 42.1%[25] - Net cash flow from operating activities was ¥1.01 billion in Q1 2019, an increase from ¥543.59 million in Q1 2018, marking a rise of approximately 85.1%[25] - Cash inflow from financing activities was ¥280 million in Q1 2019, down from ¥2.42 billion in Q1 2018, indicating a decrease of approximately 88.4%[26] - Net cash flow from financing activities was -¥2.03 billion in Q1 2019, compared to -¥977.46 million in Q1 2018, reflecting a larger cash outflow[26] Assets and Liabilities - Total assets decreased by 1.49% to CNY 64.30 billion compared to the end of the previous year[4] - Total assets decreased from ¥65,265,561,809.00 to ¥64,295,366,338.86, a reduction of approximately 1.49%[15] - Total liabilities decreased from ¥34,908,466,735.42 to ¥32,999,026,043.99, a decline of about 5.5%[18] - Total equity increased from ¥22,665,665,530.47 to ¥23,519,303,651.68, an increase of approximately 3.77%[18] - Total current liabilities reached $33.67 billion, indicating a stable position compared to the previous reporting period[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,088[8] - The largest shareholder, Shanxi Lu'an Mining (Group) Co., Ltd., held 1,843,128,012 shares, accounting for 61.61% of total shares[8] Research and Development - Research and development expenses decreased by 62.26% to ¥54,268,059.86 compared to the same period last year[10] - Research and development expenses decreased to CNY 54,268,059.86 in Q1 2019 from CNY 143,779,853.14 in Q1 2018, a reduction of 62.3%[20] Other Financial Metrics - The weighted average return on net assets improved by 0.29 percentage points to 3.58%[4] - Financial expenses decreased to CNY 223,961,104.27 in Q1 2019 from CNY 257,682,304.56 in Q1 2018, a decline of 13.1%[20] - Tax expenses for Q1 2019 were CNY 443,702,188.89, an increase of 11.6% from CNY 397,504,293.46 in Q1 2018[20]
潞安环能(601699) - 2018 Q3 - 季度财报
2018-10-25 16:00
Financial Performance - Operating revenue for the first nine months rose by 2.14% to CNY 17.32 billion compared to the same period last year[5] - Net profit attributable to shareholders increased by 17.25% to CNY 2.23 billion year-on-year[5] - Basic earnings per share increased by 17.19% to CNY 0.75 per share[5] - Net profit for the first nine months of 2018 reached CNY 13,262,268,712.43, an increase from CNY 12,660,825,417.97 in the same period last year[19] - The company's operating profit for the first nine months of 2018 was approximately ¥1.73 billion, an increase from ¥1.42 billion in the same period last year[27] - Total comprehensive income for Q3 2018 was approximately ¥494.99 million, compared to ¥1.46 billion for the same period last year, indicating a decrease[28] Assets and Liabilities - Total assets decreased by 3.26% to CNY 64.31 billion compared to the end of the previous year[5] - The company’s total liabilities decreased to ¥41,352,220,647.40 from ¥46,136,620,441.54, a reduction of approximately 10.5%[16] - Long-term borrowings decreased by 33.35% to ¥2,687,301,104.89 due to repayments and reclassification of current portions[12] - Total assets as of September 30, 2018, amounted to CNY 55,848,869,224.08, slightly up from CNY 55,625,111,790.98 at the beginning of the year[20] - Total liabilities as of September 30, 2018, were CNY 33,631,334,010.48, down from CNY 34,813,540,999.29 at the beginning of the year[20] Cash Flow - Cash flow from operating activities for the first nine months increased by 3.12% to CNY 4.76 billion compared to the same period last year[5] - Cash inflow from operating activities for the first nine months of 2018 was approximately ¥17.56 billion, slightly down from ¥17.75 billion in the same period last year[30] - Net cash flow from operating activities for the first nine months of 2018 was approximately ¥4.76 billion, compared to ¥4.62 billion for the same period last year, showing a positive trend[31] - Cash outflow from investing activities for the first nine months of 2018 totaled approximately ¥885.93 million, a significant decrease from ¥1.60 billion in the previous year[31] - The ending cash and cash equivalents balance as of September 30, 2018, was approximately ¥12.25 billion, up from ¥7.64 billion at the end of the previous year[31] Shareholder Information - The total number of shareholders reached 94,910 by the end of the reporting period[9] - The largest shareholder, Shanxi Lu'an Mining (Group) Co., Ltd., holds 61.60% of the shares, with 900 million shares pledged[9] Research and Development - Research and development expenses increased by 78.11% to ¥529,056,203.80 reflecting higher R&D investments[12] - Research and development expenses for the first nine months of 2018 were CNY 529,056,203.80, up from CNY 297,035,115.44 in the same period last year, indicating an increase of 77.9%[22] - Research and development expenses increased to ¥190.13 million in Q3 2018, up 34.3% from ¥141.55 million in Q3 2017, highlighting a focus on innovation[26] Other Financial Metrics - The weighted average return on equity increased by 0.26 percentage points to 10.03%[5] - The gross profit margin for Q3 2018 was approximately 29.4%, compared to 28.4% in Q3 2017, showing an improvement in cost management[26] - The company reported a significant increase in asset disposal gains by 4,626.01% to ¥27,367,594.95 from ¥579,084.37 due to the sale of cable television network assets[12] - The company reported a decrease in financial expenses to ¥32.21 million in Q3 2018, compared to a negative expense of -¥39.31 million in Q3 2017, indicating better financial management[27]
潞安环能(601699) - 2018 Q2 - 季度财报
2018-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was CNY 10,861,578,256.48, representing a 7.27% increase compared to CNY 10,125,815,234.39 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 1,391,323,897.57, which is a 21.78% increase from CNY 1,142,521,949.13 year-on-year[21]. - The basic earnings per share for the first half of 2018 was CNY 0.47, up 23.68% from CNY 0.38 in the previous year[22]. - The weighted average return on net assets increased to 6.38%, compared to 5.97% in the same period last year, reflecting a growth of 0.41 percentage points[22]. - The company's main business revenue from the mining industry reached CNY 9.44 billion, with a gross profit margin of 44.21%, reflecting a year-on-year increase of 11.19% in revenue and 5.44% in cost[33]. - The total revenue from coking products was CNY 1.30 billion, with a gross profit margin of 18.03%, showing a year-on-year increase of 21.31% in revenue and 6.49% in cost[35]. - The company's net profit for the first half of 2018 was RMB 194.74 million, compared to RMB 321.77 million in the same period of the previous year[107]. - The company's total equity attributable to shareholders of the parent company decreased from CNY 4,309,397,668.90 to CNY 4,217,109,764.65, a decline of approximately 2.1%[109]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 683,689,907.18, a significant decrease of 84.19% compared to CNY 4,324,329,492.83 in the previous year[21]. - Cash flow from operating activities generated a net amount of CNY 360,345,527.15, with total cash inflows of CNY 539,103,376.04[114]. - The liquidity ratios showed a decline, with the current ratio at 1.38 and the quick ratio at 1.31 as of June 30, 2018[107]. - The company's current ratio is 0.92, showing a slight increase of 0.92% compared to the previous year[117]. - Cash and cash equivalents decreased from CNY 936,735,326.09 to CNY 573,388,131.13, a decline of approximately 38.8%[114]. Investment and Expenses - Research and development expenses increased by 124.71%, reaching CNY 335,064,655.21, compared to CNY 149,111,079.89 in the previous year[32]. - The company reported a net loss from asset impairment of CNY 174,529,788.94, which is a 112.81% increase from CNY 82,010,241.53 in the previous year[32]. - The company's investment income rose by 36.40%, totaling CNY 63,441,034.18, compared to CNY 46,510,699.83 in the same period last year[32]. - The company experienced a decrease in sales expenses by 23.22%, amounting to CNY 142,990,142.54, compared to CNY 116,040,782.66 in the previous year[32]. - The company's financial expenses increased by 30.10%, reaching CNY 491,141,510.59, up from CNY 377,520,863.42 in the previous year[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 63,735,396,645.80, down 4.12% from CNY 66,473,879,928.45 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased to CNY 22,486,382,006.37, a 6.50% increase from CNY 21,114,241,012.52 at the end of the previous year[21]. - The total liabilities increased from CNY 5,063,257,433.03 to CNY 7,285,015,523.42, indicating a growth of approximately 43.7%[109]. - The debt-to-asset ratio increased to 54.74% as of June 30, 2018, from 45.57% at the end of 2017[107]. Environmental Compliance - The company has met environmental discharge standards with no exceedances reported in its emissions monitoring[61]. - The total SO2 emissions from the desulfurization and denitrification outlet at the first plant were 40.43 mg/m³, below the regulatory limit of 50 mg/m³[63]. - The NOX emissions from the desulfurization and denitrification outlet at the second plant were 204.72 mg/m³, with no exceedance of the standard limit of 500 mg/m³[64]. - The company has implemented a wastewater treatment system with a processing capacity of 150 m³/h, utilizing the A2/O2 biochemical treatment process, ensuring all wastewater is reused for coke quenching and other applications[70]. - The company has established a comprehensive environmental impact assessment and emergency response plan for environmental incidents, which has been reviewed and approved by relevant authorities[79]. Strategic Initiatives - The company is focusing on advancing clean and efficient coal utilization, aligning with national policies for energy reform and structural adjustments in the coal industry[29]. - The company aims to enhance its market position by leveraging its strong brand and capital market presence, particularly as a high-tech enterprise in the coal sector[29]. - The company anticipates challenges in the second half of 2018 due to economic pressures, including trade tensions and domestic demand slowdowns, but plans to adapt through strategic adjustments[31]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[130]. - The company aims to enhance its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[146]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 95,120[90]. - The company has a total of 1,840,786,412 shares held by Shanxi Lu'an Mining (Group) Co., Ltd., accounting for 61.54% of the total shares[93]. - The company has not changed its major shareholders or actual controllers during the reporting period[94]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[52]. Corporate Governance - The company has appointed Lixin Certified Public Accountants as its financial auditing firm for the 2018 fiscal year, ensuring compliance and oversight[52]. - The company has committed to avoiding any direct or indirect competition with its controlling shareholder, Lu'an Group, for a period of five to ten years[51]. - Lu'an Group has pledged to inject high-quality coal assets into the company within five years, contingent on market conditions and regulatory support[51].