Financial Performance - The company expects a net profit attributable to shareholders for 2014 to decrease by 75%-85% compared to the previous year[5] - The net profit for the same period last year was 3,575.602 million yuan[7] - The earnings per share for the previous year was 0.27 yuan[8] Market Conditions - The primary reason for the profit reduction is the slowdown in macroeconomic growth and declining demand in downstream industries, leading to a depressed coal market and significant price drops[9] Financial Reporting - The financial data provided is preliminary and has not been audited by registered accountants[6] - Investors are advised to pay attention to investment risks as the final audited financial data will be disclosed in the annual report[10]

Financial Performance - Net profit attributable to shareholders decreased by 79.3% to CNY 659,202 thousand for the first nine months of 2014[8] - Operating revenue declined by 12.6% to CNY 52,079,324 thousand for the first nine months of 2014[8] - Total profit decreased by 72.3% to 1,423,693 thousand RMB, impacted by market conditions affecting sales volume and profitability[24] - Operating profit decreased by 73.5% to 1,352,745 thousand RMB, significantly affected by market conditions[24] - Net profit for the first nine months of 2014 was CNY 965,240,000, a decrease of 74.9% compared to CNY 3,851,688,000 in the same period of 2013[25] - Total operating revenue for Q3 2014 was CNY 16,644,740, a decrease of 13.4% compared to CNY 19,211,493 in Q3 2013[59] - Total operating revenue for Q3 2014 was CNY 8,234,592,000, a decrease from CNY 10,734,639,000 in the same period last year, representing a decline of approximately 23.2%[63] - Net profit attributable to shareholders of the parent company for Q3 2014 was CNY -27,101,000, compared to CNY 440,470,000 in Q3 2013, indicating a significant loss[61] - Total comprehensive income for Q3 2014 was CNY 39,594,000, a decrease from CNY 545,097,000 in Q3 2013[61] Production and Sales - Coal production increased slightly by 0.6% to 8,917 thousand tons for the first nine months of 2014[9] - Coking coal production rose by 15.4% to 442 thousand tons compared to the same period last year[9] - Methanol production surged by 323.3% to 36.4 thousand tons during the first nine months of 2014[11] - Urea production increased by 616.8% to 76.7 thousand tons compared to the same period last year[11] - Coal sales volume decreased by 5.3% to 8,101,000 tons in the first nine months of 2014, while average sales price dropped by 13.2% to CNY 368 per ton[26] Cash Flow - Cash flow from operating activities dropped significantly by 88.0% to CNY 587,141 thousand compared to the same period last year[8] - Operating cash flow for the first nine months of 2014 was CNY 587,141,000, down 88.0% from CNY 4,888,673,000 year-on-year[25] - Cash flow from operating activities for the first nine months of 2014 was CNY 60,048,646,000, down from CNY 67,276,833,000 in the same period last year, reflecting a decline of approximately 10.5%[69] - Cash inflow from financing activities was 30,415,298 thousand RMB, an increase of 13.3% from 26,731,193 thousand RMB year-on-year[71] - The net increase in cash and cash equivalents for the period was 6,274,787 thousand RMB, compared to 2,324,340 thousand RMB in the same period last year, reflecting a growth of 170.5%[71] Assets and Liabilities - Total assets increased by 11.4% to CNY 239,428,875 thousand compared to the end of the previous year[8] - Inventory increased by 38.7% to 9,442,207 thousand RMB, primarily due to higher coal product stock[22] - Long-term receivables increased by 413.3% to 206,729 thousand RMB, mainly due to increased loans to joint ventures[22] - Deferred tax assets rose by 68.0% to 1,070,268 thousand RMB, attributed to increased deductible temporary differences[22] - The company’s non-current assets totaled RMB 179,829,897 thousand as of September 30, 2014, an increase from RMB 167,215,804 thousand at the beginning of the year[50] - Total liabilities increased to CNY 62,411,826 from CNY 57,467,938 at the beginning of the year, reflecting a rise of 4.0%[56] - Non-current liabilities totaled CNY 45,540,885, up from CNY 41,554,059 at the beginning of the year, indicating an increase of 9.6%[55] Shareholder Information - Total number of shareholders reached 268,523[17] - The largest shareholder, China Coal Energy Group, holds 7,605,207,608 shares, representing 57.36% of total shares[18] Cost Management - The company’s focus on cost reduction led to a decrease in various costs, including materials and maintenance, contributing to improved unit sales cost[32] - The unit sales cost of self-produced coal decreased by 11.7% to CNY 191.59 per ton compared to CNY 216.97 per ton in the same period of 2013[31] Future Outlook - The company expects a significant decline in cumulative net profit for 2014 compared to the previous year due to a substantial change in the domestic coal market supply and demand, leading to persistently low coal prices[38] - The company reduced its planned coal production for 2014 by approximately 10% due to market oversupply and price declines, resulting in a projected 5% decrease compared to 2013 actual production[34] Financial Expenses - Financial expenses rose by 238.7% to 1,323,932 thousand RMB, mainly due to increased interest on debts[24] - The company reported a significant decrease in tax expenses, down 64.3% to CNY 458,453,000, due to a reduction in pre-tax profits[25] Investment Activities - The company plans to invest CNY 1,933,535,000 in a methanol and acetic acid deep processing project, with a target output of 600,000 tons per year of engineering plastics[35] - The company’s cash flow from investment activities included 6,064,089 thousand RMB received from other investment-related activities, a substantial increase from 871,634 thousand RMB last year[76]

Production and Sales - The company's coal production for the first half of 2014 was 6,048 million tons, an increase of 2.8% compared to 5,884 million tons in the same period of 2013[8]. - The production of methanol surged to 21.2 million tons, a significant increase of 265.5% compared to 5.8 million tons in the first half of 2013[8]. - The production of urea reached 36.2 million tons, a remarkable increase of 624.0% compared to 5.0 million tons in the first half of 2013[8]. - The company achieved a coal production of 81.13 million tons in the first half of 2014, representing a year-on-year increase of 3.8%[40]. - The sales volume of commercial coal remained stable at 75.12 million tons despite challenging market conditions[40]. - The company sold 55.26 million tons of self-produced commodity coal, a year-on-year decrease of 1.8%, while railway transportation of self-produced commodity coal reached 47.82 million tons, an increase of 6.8%[68]. - The sales volume of self-produced thermal coal was 5.212 million tons, down 2.5% from 5.347 million tons in the first half of 2013[105]. Financial Performance - The total operating revenue for the first half of 2014 was 354.35 billion RMB, a decrease of 12.3% from 403.98 billion RMB in the first half of 2013[15]. - The net profit attributable to shareholders for the first half of 2014 was 6.86 billion RMB, down 75.0% from 27.42 billion RMB in the same period of 2013[15]. - The company reported a decrease in operating profit to 13.39 billion RMB, down 70.1% from 44.76 billion RMB in the first half of 2013[15]. - The company achieved a total profit of 1.393 billion CNY despite a significant decline in coal prices, with a 9.9% year-over-year decrease in the unit sales cost of self-produced coal[43]. - The total profit for the first half of 2014 was 1.393 billion yuan, down 69.0% year-on-year, while net profit attributable to shareholders was 686 million yuan, a decline of 75.0%[83]. - The company's operating profit fell by 70.1% to CNY 13.39 billion, with an operating profit margin decreasing from 11.1% to 3.8%[99]. - The gross profit decreased by 14.3% to CNY 115.44 billion, with a gross margin of 32.6%, down from 33.3% in the previous year[102]. Assets and Liabilities - The company's total assets as of June 30, 2014, were 2,314.27 billion RMB, reflecting a 7.7% increase from 2,149.43 billion RMB at the end of 2013[14]. - The total liabilities increased by 14.2% to 1,282.22 billion RMB from 1,122.71 billion RMB at the end of 2013[14]. - The company's cash and cash equivalents increased by 18.0% to 248.07 billion RMB from 210.21 billion RMB at the end of 2013[14]. - The company's capital debt ratio increased to 45.0%, up 4.5 percentage points from the beginning of the year[85]. - Accounts receivable reached 102.40 billion, up 19.71 billion or 23.8% from December 31, 2013, primarily due to increased sales of coal and coal machinery[151]. - Inventory increased to 86.89 billion, a rise of 18.83 billion or 27.7%, mainly due to higher stock levels of coal products[152]. Cost Management - The cost of goods sold decreased by 11.3% to CNY 238.91 billion, primarily due to a reduction in material costs[90]. - The material costs decreased by 11.9% to CNY 144.06 billion, with significant reductions in procurement costs[90]. - The company’s labor costs decreased by 3.3% to CNY 22.09 billion, attributed to reduced workforce and operational efficiencies[90]. - The total operating cost of the coal business decreased by 10.5% to CNY 19.022 billion from CNY 21.255 billion in the first half of 2013[107]. - The unit sales cost of self-produced coal decreased by 9.9% to CNY 200.75 per ton from CNY 222.78 per ton in the same period of 2013[109]. Strategic Initiatives - The company is optimizing its coal production layout with ongoing projects in the Inner Mongolia and Shanxi regions, enhancing its competitive edge[42]. - The company plans to enhance production and sales coordination, improve product quality management, and adjust marketing strategies to expand market reach in the second half of the year[45]. - The company is actively developing new markets and customers while enhancing service levels to adapt to market changes and environmental regulations[62]. - The company is committed to improving product quality and optimizing coal structure to meet diverse customer needs, including increasing the proportion of high-quality coal in sales[62]. Challenges and Market Conditions - The company is facing challenges due to structural oversupply in the coal industry, with high inventory levels and continued pressure from imported coal[50]. - The company has implemented strict safety production responsibilities and is focused on project management to navigate the severe market conditions[45]. - The company anticipates a significant decline in cumulative net profit for 2014 compared to the previous year due to a downturn in the domestic coal market and continued low coal prices[187]. Investment and Capital Expenditure - Capital expenditures for 2014 were planned at 266.25 billion, with 103.03 billion spent in the first half, representing 38.7% of the annual plan[162]. - The company completed external equity investments totaling 1.562 billion CNY, with significant investments in Zhongtian Hechuang Company (1.163 billion CNY) and Huzhun E Railway Company (208 million CNY)[168]. - The company’s total capital expenditure completion rate for the coal sector was 23.27% of the planned 14.223 billion CNY[167]. Dividends and Profit Distribution - The company did not conduct any interim profit distribution for 2014[3]. - The company distributed a cash dividend of 0.081 yuan per share, totaling 1,072.68 million, based on a net profit of 3,575.60 million for the year 2013[185]. - The company does not plan to conduct a mid-term profit distribution or capital reserve transfer in 2014[186].

Financial Performance - Net profit attributable to shareholders decreased by 67.5% to CNY 538,160,000, down from CNY 1,655,255,000 in the same period last year[8] - Operating revenue fell by 16.2% to CNY 16,858,658,000, compared to CNY 20,125,066,000 in the first quarter of the previous year[8] - Operating profit decreased by 63.8% year-on-year, from 2,601,751 thousand yuan to 941,623 thousand yuan[20] - Net profit fell by 64.9% year-on-year, from 1,989,576 thousand yuan to 698,694 thousand yuan[20] - Total profit decreased by 63.5% year-on-year, from 2,596,139 thousand yuan to 947,645 thousand yuan[20] - Basic earnings per share dropped by 66.7% to CNY 0.12, compared to CNY 0.04 in the same period last year[8] - Net profit for Q1 2014 was 698,694 thousand yuan, a decline of 64.9% compared to 1,989,576 thousand yuan in Q1 2013[44] Cash Flow - The net cash flow from operating activities was negative CNY 4,086,601,000, a decrease of 469.3% compared to a positive CNY 1,106,640,000 in the same period last year[8] - Cash flow from operating activities for Q1 2014 was -4,086,601 thousand yuan, compared to a positive cash flow of 1,106,640 thousand yuan in Q1 2013[51] - The net cash flow from operating activities for Q1 2014 was -3,572,441 thousand RMB, a significant decrease compared to 90,290 thousand RMB in the same period last year[54] - Total cash inflow from financing activities was 7,442,604 thousand RMB, up from 4,681,825 thousand RMB year-over-year[52] - The net cash flow from financing activities was 5,003,570 thousand RMB, an increase from 3,443,187 thousand RMB in the previous year[52] - The cash flow from investment activities showed a net outflow of -1,178,144 thousand RMB, compared to -438,652 thousand RMB in the same period last year[54] Assets and Liabilities - Total assets at the end of the reporting period increased by 2.1% to CNY 219,404,730,000 compared to the end of the previous year[8] - The company's total liabilities increased from CNY 112,271,381,000 to CNY 115,575,603,000, suggesting a growing debt burden[38] - The company's current liabilities decreased from CNY 43,497,865,000 to CNY 41,155,653,000 during the same period[37] - The long-term borrowings increased from CNY 29,774,758,000 to CNY 35,448,838,000, indicating a rise in financial leverage[38] - Cash and cash equivalents decreased from CNY 21,021,007,000 to CNY 19,132,913,000, reflecting a reduction in liquidity[35] - The total liabilities as of the end of Q1 2014 were 57,227,595 thousand yuan, slightly down from 57,467,938 thousand yuan at the end of the previous quarter[44] Sales and Production - The production of commercial coal increased by 1.1% to 2,999,000 tons, compared to 2,966,000 tons in the first quarter of 2013[11] - The sales volume of commercial coal decreased by 9.4% to 3,332,000 tons, down from 3,678,000 tons in the same period last year[11] - In Q1 2014, the total coal sales volume was 2,670,000 tons, a decrease of 115,000 tons or 4.1% compared to Q1 2013, with an average selling price of 401 RMB/ton, down 10.5% from 448 RMB/ton[23] - The sales volume of thermal coal was 2,525,000 tons, down 136,000 tons or 4.1% year-on-year, with a selling price of 384 RMB/ton, a decrease of 9.6% from 425 RMB/ton[23] Costs and Expenses - Total operating costs for Q1 2014 were 15,935,349 thousand yuan, down 9.1% from 17,547,986 thousand yuan year-on-year[44] - Financial expenses surged by 764.4% year-on-year, reaching 387,009 thousand yuan[20] - The company has implemented cost-saving measures, resulting in a significant reduction in other costs by 13.89 RMB/ton[28] - The unit sales cost of self-produced coal was 202.91 RMB/ton, a reduction of 13.24 RMB/ton or 6.1% compared to the same period last year, and down 17.92 RMB/ton or 8.1% from the full year 2013[27] Shareholder Information - Total number of shareholders reached 280,036[18] - The largest shareholder, China Coal Energy Group, holds 57.36% of shares, totaling 7,605,207,608 shares[18] - As of March 4, 2014, a shareholder held 5% of the voting rights in the company, which does not affect the control of the company[31] Future Outlook - The company plans to continue its focus on coal production and explore opportunities for market expansion despite the current financial challenges[15] - The company anticipates a decline in cumulative net profit for 2014 compared to the previous year due to the ongoing low coal prices and changes in market supply and demand[33]

Financial Performance - The company's audited net profit attributable to shareholders under IFRS for 2013 was CNY 3,805,128,000, while under Chinese GAAP it was CNY 3,575,602,000[3]. - Net profit fell by 57.1% from CNY 100.10 billion in 2012 to CNY 42.96 billion in 2013[8]. - Net profit attributable to shareholders for 2013 was 3,575,602 thousand, down 61.5% from 2012[46]. - The total profit for 2013 was CNY 60.22 billion, down 55.1% year-on-year, with net profit attributable to shareholders decreasing by 61.5% to CNY 35.76 billion[97]. - The company's operating profit decreased by 55.7% to 5.891 billion yuan, down from 13.307 billion yuan in 2012[150]. - The gross profit decreased by 17.1% to 26.174 billion yuan, with a comprehensive gross profit margin of 31.8%, down 4.4 percentage points from 2012[118]. Dividends and Shareholder Returns - The board proposed a cash dividend of CNY 1,072,680,600, which is 30% of the net profit under Chinese GAAP, translating to CNY 0.081 per share[3]. Assets and Liabilities - Total assets increased by 16.9% from CNY 1,838.75 billion in 2012 to CNY 2,149.43 billion in 2013[7]. - The company's total liabilities increased by 35.0% from CNY 831.51 billion in 2012 to CNY 1,122.71 billion in 2013[7]. - The company's capital debt ratio increased to 40.5%, up 8.9 percentage points from the beginning of the year[100]. - As of December 31, 2013, total assets amounted to 214.94 billion yuan, an increase of 31.07 billion yuan or 16.9% compared to 2012[171]. Production and Sales - In 2013, the total coal production reached 11,868 million tons, an increase of 3.7% compared to 2012's 11,440 million tons[14]. - The total coal sales in 2013 were 16,101 million tons, representing a growth of 7.7% from 14,954 million tons in 2012[19]. - The company's self-produced coal sales volume was 115.31 million tons, an increase of 4.19 million tons or 3.8% year-on-year[88]. - The company achieved a continuous safety production record for 32 months during the reporting period[60]. Costs and Expenses - The company's operating costs amounted to 56.142 billion yuan in 2013, an increase of 0.8% year-on-year, with material costs decreasing by 5.9% to 35.073 billion yuan[108]. - The company's total sales expenses increased by 12.9% to 13.788 billion yuan, driven by higher transportation costs[147]. - The company's labor costs increased by 2.3% to 4.555 billion yuan, primarily due to an increase in the number of employees at the Wangjialing coal mine[108]. Research and Development - Research and development expenses for 2013 were CNY 10.77 billion, a slight increase of 2.5% from CNY 10.51 billion in 2012[100]. - The company undertook 14 national-level technology projects and implemented 29 key technology projects during the reporting period[158]. - The company received 224 authorized patents during the year, enhancing its innovation capabilities[158]. Market and Operational Strategy - The company emphasizes the importance of risk management due to macroeconomic fluctuations, market supply and demand changes, and industry policies, which pose operational risks[35]. - The company plans to continue focusing on cost reduction and technological innovation to improve operational efficiency[55]. - The company plans to enhance production efficiency and expand sales channels in 2014[62]. Coal Chemical and Equipment Business - The coal mining equipment output value fell by 23.8% to 6.48 billion yuan in 2013, down from 8.50 billion yuan in 2012[19]. - The company's coal chemical products saw a production increase in coke by 12.4% to 1.91 million tons, while methanol production decreased by 7.5% to 12.4 million tons[90]. - The coal chemical sector achieved a capital expenditure completion rate of 100.92%, with actual spending of 17.562 billion CNY against a plan of 17.402 billion CNY[193]. Investments and Projects - The company is actively developing coal chemical and coal mining equipment manufacturing, with major projects in the Ordos region successfully undergoing trial operations[185]. - The Shanxi Pinglu East Open-pit Coal Mine project has a construction scale of 20 million tons per year, with cumulative investments reaching 11.917 billion CNY by the end of 2013[191]. - The company has a 30% stake in the Shaanxi Yanchang Zhongmei Yulin Energy Chemical project, with total investment planned at 27.171 billion CNY, fully funded by raised capital[195].