Financial Performance - The net profit attributable to shareholders for the year ended December 31, 2022, was CNY 19,719,469,000 under IFRS and CNY 18,240,535,000 under Chinese GAAP[2]. - The company proposed a cash dividend of CNY 5,472,160,500, which is 30% of the net profit under Chinese GAAP, translating to CNY 0.413 per share (including tax)[2]. - The company's operating revenue for 2022 was CNY 220,576,859, a decrease of 8.0% compared to CNY 239,828,439 in 2021[13]. - Net profit attributable to shareholders for 2022 was CNY 18,240,535, an increase of 32.8% from CNY 13,739,271 in 2021[13]. - The net cash flow from operating activities for 2022 was CNY 43,634,064, down 9.3% from CNY 48,096,562 in 2021[13]. - The total assets at the end of 2022 were CNY 340,109,262, reflecting a 5.4% increase from CNY 322,610,395 at the end of 2021[13]. - The basic earnings per share for 2022 was CNY 1.38, up 32.7% from CNY 1.04 in 2021[14]. - The weighted average return on equity for 2022 was 14.88%, an increase of 2.17 percentage points from 12.71% in 2021[14]. - The total net assets attributable to shareholders at the end of 2022 were CNY 130,764,501, a 14.4% increase from CNY 114,345,615 at the end of 2021[15]. - The company achieved an annual revenue of 220.577 billion CNY and a net profit of 18.241 billion CNY in 2022, with a cash net inflow from operating activities of 40.049 billion CNY[24]. Operational Highlights - The company produced 119.17 million tons of self-produced commercial coal, a 4.4% increase year-on-year[20]. - The coal chemical business achieved a production volume of 5.667 million tons, growing by 3.4% year-on-year[20]. - The total sales volume of coal was 262.95 million tons, a decrease of 14.3% year-on-year, while self-produced coal sales increased by 7.3% to 120.34 million tons[28][29]. - The gross profit from coal production was 48.43 billion CNY, an increase of 115.46 billion CNY year-on-year, while the coal chemical segment achieved a gross profit of 3.028 billion CNY, up by 4.43 billion CNY[24]. - The company completed the production of 5.667 million tons of major coal chemical products, with a year-on-year growth of 3.4%[31][32]. - The company’s coal mining equipment output value reached 9.96 billion RMB in 2022, a year-on-year increase of 5.3%[34]. - The company achieved a total sales revenue of 10.61 billion RMB in coal mining equipment, with major conveying products contributing 42.6% and major support products contributing 33.5%[35]. Investment and Capital Expenditure - The company plans to continue expanding its market presence and invest in new technologies to enhance operational efficiency[16]. - The company’s total capital expenditure was 9.271 billion yuan, achieving 63.03% of the planned 14.708 billion yuan[98]. - The company completed 6.704 billion yuan in capital expenditure for coal production, which is 65.74% of the planned 10.198 billion yuan[100]. - The total investment for the Dahuize coal mine and its associated washing plant project is 12.979 billion yuan, with 1.731 billion yuan invested in 2022, bringing the cumulative investment to 12.715 billion yuan[101]. - The company plans a capital expenditure of 18.38% increase to CNY 18.02 billion in 2023 compared to 2022, with major investments in coal, coal chemical, electricity, and new energy sectors[120]. Governance and Compliance - The audit report issued by Ernst & Young Huaming was a standard unqualified opinion, ensuring the reliability of the financial statements[2]. - The board of directors confirmed that all members attended the board meeting, ensuring governance and oversight[2]. - There were no non-operating fund occupations by controlling shareholders or related parties reported[2]. - The company has no violations of decision-making procedures regarding external guarantees[2]. - The company established a governance structure with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[135]. - The supervisory board will continue to uphold the interests of the company and shareholders in 2023[134]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[140]. Environmental and Social Responsibility - The company invested ¥188,211,000 in environmental protection during the reporting period[180]. - The company has focused on ecological restoration and sustainable mining practices to align with modern ecological civilization[186]. - The company has implemented comprehensive air pollution control measures, including VOCs management and dust control in open-pit mining[186]. - The company has established emergency response plans for environmental incidents in compliance with national regulations[188]. - The company has made significant contributions to local communities through various charitable donations and support initiatives[198]. - The company is committed to green and low-carbon development, focusing on enhancing efficiency and transitioning to low-carbon technologies[196]. Future Outlook - The company plans to continue enhancing its employee training programs, with approximately 74,000 training sessions conducted throughout the year[166]. - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 1 billion RMB allocated for potential mergers[152]. - The company plans to produce and sell over 125 million tons of coal, 1.4 million tons of polyolefin products, and 1.9 million tons of urea in 2023[111]. - The company aims to enhance energy supply capabilities by optimizing production tasks and stabilizing external coal market scales[111]. - The company is actively pursuing a strategy of multi-energy complementary clean energy development, including wind and solar projects[110].

证券代码：601898 证券简称：中煤能源 公告编号：2023-006 关于召开 2022 年度业绩说明会的预告公告 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法律责任。 重要内容提示： （一）音频直播及网络互动方式： 上证路演中心网址：http://roadshow.sseinfo.com/ "进门财经"网址：https://s.comein.cn/ANfsK （二）电话会议方式： 大陆：010-53827720，4001-888-938 香港：+852-30183474，台湾：+886-277031747，美国：+1-2025524791 中国中煤能源股份有限公司 会议密码：601898（中文）001898（英文同传） 提问预征集方式： （一）网络预征集方式： 1 本公告全文已于本公告日刊登于上海证券交易所网站、香港联合交易所有 限公司网站、本公司网站、中国证券报和证券日报。 会议召开时间：2023 年 3 月 24 日（星期五）下午 15:00-16:30 会议召开方式：电话会议、音频直播、网络互动 投资者可于 2023 年 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 57,306,211, a decrease of 12.4% compared to CNY 63,018,918 in the same period last year[1]. - Net profit attributable to shareholders for Q3 2022 reached CNY 5,951,443, an increase of 38.2% from CNY 4,269,965 in the previous year[1]. - The net profit after deducting non-recurring gains and losses was CNY 5,918,098, up 38.2% from CNY 4,254,044 in the same period last year[2]. - Cash flow from operating activities for Q3 2022 was CNY 17,695,744, representing a 46.6% increase from CNY 11,802,831 in the previous year[2]. - The basic earnings per share for Q3 2022 was CNY 0.45, a 40.6% increase compared to CNY 0.32 in the same period last year[2]. - The weighted average return on equity increased to 4.64%, up 0.77 percentage points from 3.88% in the previous year[2]. - Total assets at the end of Q3 2022 were CNY 343,264,793, reflecting a 6.4% increase from CNY 321,738,497 at the end of the previous year[2]. - Total operating revenue for the first three quarters of 2022 reached CNY 175,344,940, an increase from CNY 167,571,903 in the same period of 2021, representing a growth of approximately 1.5%[27]. - Net profit for the first three quarters of 2022 was CNY 26,790,511, compared to CNY 16,390,151 in the previous year, marking an increase of approximately 63.5%[28]. - Earnings per share (EPS) for the third quarter was CNY 1.46, up from CNY 0.90 in the same quarter of the previous year, indicating a growth of 62.2%[29]. Production and Sales - The company produced 9,200,000 tons of commercial coal in the first nine months of 2022, a 10.2% increase from 8,349,000 tons in the same period last year[6]. - The sales volume of commercial coal was 20,442,000 tons, a decrease of 12.3% compared to 23,305,000 tons in the previous year[6]. - The total sales volume of self-produced coal reached 9.187 million tons, with an average sales price of 730 RMB per ton, reflecting a 10.7% increase in sales volume and a 23.9% increase in sales price year-on-year[16]. - The sales volume of major coal chemical products was 1.073 million tons, with an average sales price of 7,514 RMB per ton, showing a slight decrease in sales volume of 1.8% year-on-year[19]. - The sales volume of urea decreased by 28.9% year-on-year, while the average sales price increased by 24.3% to 2,645 RMB per ton[19]. Costs and Expenses - The sales cost of the coal business decreased by 7.4% year-on-year, primarily due to a reduction in the cost of purchased trade coal[14]. - The unit sales cost of self-produced coal was 306.18 RMB per ton, which represents an increase of 8.28 RMB per ton or 2.8% compared to the same period in 2021[18]. - The material cost per ton increased by 8.7% to 59.85 RMB, while labor costs rose significantly by 34.4% to 45.55 RMB per ton[17]. - Research and development expenses increased by 35.3%, reflecting the company's commitment to enhancing technological innovation[14]. - The company reported a decrease in depreciation and amortization costs by 11.5% to 50.42 million RMB in Q3 2022 compared to the previous year[18]. Investment and Income - The company reported a significant increase in investment income of 44.6%, attributed to rising coal market prices and improved profitability of joint ventures[14]. - The company achieved an investment income of CNY 3,928,092, up from CNY 2,716,475 year-over-year, indicating an increase of about 44.6%[27]. - The company reported a financial expense of ¥1,019,686, a slight decrease from ¥1,074,042 in the same period of 2021[37]. Assets and Liabilities - The company's cash and cash equivalents increased to ¥90,820,894 thousand from ¥72,924,794 thousand year-over-year, representing a growth of approximately 24.5%[24]. - Total current assets reached ¥126,239,653 thousand, up from ¥105,408,356 thousand, reflecting an increase of about 19.7% year-over-year[24]. - Long-term equity investments rose to ¥29,863,871 thousand from ¥26,842,483 thousand, marking an increase of approximately 11.3%[24]. - The total liabilities decreased to CNY 175,188,068 from CNY 179,539,134, a reduction of approximately 2.0%[26]. - The company's equity attributable to shareholders rose to CNY 131,526,331 from CNY 114,345,615, reflecting an increase of about 15.0%[26]. Shareholder Information - As of September 30, 2022, the total number of common shareholders was 106,596, with the largest shareholder, China Coal Energy Group Co., Ltd., holding 57.36% of shares[21]. - The total number of shares held by the top ten shareholders accounted for 99.99% of the total shares, indicating a high concentration of ownership[22]. Operational Insights - The company plans to enhance production efficiency and reduce outsourcing labor to manage costs effectively[18]. - The company is focusing on expanding its market presence and developing new technologies in coal production and chemical products[19]. - There are no significant reminders or additional important information regarding the company's operational performance during the reporting period[23].

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 118,038,729, representing a 15.5% increase compared to CNY 102,179,485 in the same period last year[13]. - Net profit attributable to shareholders was CNY 13,376,767, a significant increase of 75.7% from CNY 7,615,078 in the previous year[13]. - The net cash flow from operating activities was CNY 20,122,182, showing a slight decrease of 2.0% compared to CNY 20,531,952 in the same period last year[13]. - The company's total assets increased by 3.2% to CNY 333,041,260 from CNY 322,610,395 at the end of the previous year[13]. - Basic earnings per share rose to CNY 1.01, up 77.2% from CNY 0.57 in the same period last year[14]. - The weighted average return on equity increased to 11.00%, up 3.82 percentage points from 7.18% in the previous year[14]. - The total profit reached 23.657 billion yuan, representing a year-on-year growth of 78.3%, while net profit was 13.377 billion yuan, up 75.7% year-on-year[19]. - The company's coal production reached 59.23 million tons, an increase of 4.4% compared to the same period last year[22]. Risk Management - The company faces risks related to macroeconomic fluctuations, product price volatility, safety production, project investment, environmental protection, rising costs, and exchange rate risks[2]. - The company is committed to strengthening risk management and enhancing ecological governance, with no significant environmental incidents reported[19]. - The company emphasizes the importance of investor awareness regarding future plans and associated risks[1]. Environmental Responsibility - The company is committed to achieving carbon peak and carbon neutrality goals as part of its environmental responsibility[74]. - The company has implemented a comprehensive ecological and environmental management system, actively promoting green development and pollution prevention measures[74]. - The company has invested continuously in pollution control and ecological environment governance, with key ecological indicators showing improvement[74]. - The company has established a carbon emission management system, achieving over 99% coverage of carbon emissions data from major sources[90]. - The company has achieved a land reclamation area of over 50,000 acres in the Pingluo mining area, with vegetation coverage increasing from less than 10% to over 90%[90]. Shareholder Information - The company reported no interim profit distribution for 2022 and has no plans for capital reserve conversion into share capital[1]. - The largest shareholder, China Coal Energy Group, holds 57.36% of the shares[104]. - The number of shareholders reached 115,443 by the end of the reporting period[104]. - The company has not experienced any changes in share capital structure during the reporting period[104]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the report's authenticity and completeness[1]. - The report is unaudited, and the management has declared the financial report's truthfulness and accuracy[1]. - There are no violations of decision-making procedures regarding external guarantees[1]. - The company has not engaged in non-operational fund occupation by controlling shareholders or related parties[1]. Capital Expenditure and Investments - The company’s capital expenditure plan for 2022 is 147.08 billion RMB, with 17.64 billion RMB completed in the first half, representing 11.99% of the annual plan[62]. - The company completed external equity investments totaling 0.19 million yuan in the first half of the year, primarily for follow-up payments on equity investment projects[65]. - The company has increased its production capacity by 1,210,000 tons per year, with specific approvals for additional capacity at various mines[69]. Financial Position - The company's total liabilities decreased to RMB 1740.09 billion, a reduction of 3.1%[36]. - The company's total equity increased to 1590.32 billion RMB, an increase of 11.2% from the end of 2021[60]. - The company's cash and cash equivalents rose to 80.13 billion RMB, compared to 72.92 billion RMB at the end of the previous year[122]. Research and Development - Research and development expenses increased by 47.0% to 3.16 billion RMB, reflecting the company's commitment to enhancing technological innovation[41]. - The company is actively pursuing technological innovation and digital transformation to improve operational efficiency and reduce costs[32]. Related Party Transactions - The company signed a financial service framework agreement with China Coal Group, with a loan daily balance (including accrued interest) of RMB 39.54 billion, accounting for 3.3% of the annual transaction limit of RMB 90 billion[97]. - The company reported a total of RMB 19.55 million in sales to related parties under the comprehensive raw materials and services mutual supply framework agreement, which is 1.7% of the annual transaction limit of RMB 45 million[97]. Compliance and Legal Matters - The company has no significant litigation or arbitration matters during the reporting period[96]. - The company has appointed Ernst & Young as its auditor for the 2022 interim financial report and annual audit[96].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 61,729,684, an increase of 33.5% compared to RMB 44,442,528 in the same period last year[2] - Net profit attributable to shareholders for Q1 2022 reached RMB 6,792,681, reflecting a significant increase of 93.1% from RMB 3,509,206 in the previous year[2] - The net cash flow from operating activities was RMB 9,969,791, up 62.7% from RMB 5,835,827 in Q1 2021[2] - The basic earnings per share for Q1 2022 was RMB 0.51, an increase of 88.9% compared to RMB 0.26 in the same period last year[2] - The weighted average return on equity for Q1 2022 was 5.76%, an increase of 2.35 percentage points from 3.41% in the same period last year[2] - The net profit excluding non-recurring gains and losses rose by 94.8%, reflecting similar factors as above[9] - Total operating revenue for Q1 2022 reached CNY 61,729,684, an increase of 33.6% compared to CNY 46,235,922 in the same period last year[23] - Net profit for Q1 2022 was CNY 9,410,870, representing a 99.0% increase from CNY 4,714,226 in Q1 2021[24] - Total comprehensive income for Q1 2022 reached CNY 9,420,784, up from CNY 4,703,131 in the same period last year, representing a growth of 100.0%[25] Production and Sales - The total coal production for Q1 2022 was 3,049,000 tons, a 6.2% increase from 2,872,000 tons in Q1 2021[5] - The total coal sales volume decreased by 9.3% to 6,957,000 tons from 7,671,000 tons in the previous year[6] - The production of methanol increased significantly by 108.7% to 50,500 tons compared to 24,200 tons in Q1 2021[6] - The sales revenue from coal business reached CNY 53.612 billion, a 39.3% increase compared to CNY 38.499 billion in the same period last year[12] - In Q1 2022, the sales volume of polyolefins was 329,000 tons, a decrease of 14.8% compared to 386,000 tons in Q1 2021, while the average selling price increased by 3.5% to RMB 7,703 per ton[16] - Urea sales volume was 598,000 tons, down 6.1% from 637,000 tons in Q1 2021, with a significant price increase of 34.7% to RMB 2,596 per ton[16] - Methanol sales volume surged by 102.9% to 493,000 tons, with the average selling price rising by 16.3% to RMB 1,858 per ton[16] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to RMB 338,020,879, representing a 4.7% increase from RMB 321,738,497 at the end of the previous year[3] - The company's total equity attributable to shareholders increased by 6.5% to RMB 121,629,753 from RMB 113,786,250 at the end of the previous year[3] - Total liabilities for Q1 2022 were CNY 184,904,222, an increase from CNY 179,822,923 year-over-year[23] - The company reported a significant increase in accounts payable, which rose to CNY 27,596,348 from CNY 24,273,261[23] - Accounts receivable rose by 58.7% to CNY 12,330,500 thousand, primarily due to a significant increase in operating revenue[10] - The total current assets reached RMB 121,257,857, up from RMB 105,635,258 at the end of 2021, reflecting improved liquidity[21] Cash Flow - As of March 31, 2022, cash and cash equivalents amounted to RMB 83,748,544, an increase from RMB 73,149,409 at the end of 2021[21] - Operating cash flow for Q1 2022 was CNY 9,969,791, an increase of 62.5% from CNY 6,129,242 in Q1 2021[26] - Cash inflow from operating activities was CNY 7,598,448,000, up from CNY 5,641,854,000 in the previous year, indicating a growth of approximately 34.6%[33] - Cash inflow from investment activities totaled CNY 5,929,779,000, compared to CNY 3,111,516,000 in the same period last year, marking an increase of about 90.5%[33] - The company's cash outflow from financing activities in Q1 2022 was CNY 3,211,925, compared to CNY 9,641,954 in Q1 2021, indicating a decrease of 66.8%[27] Research and Development - Research and development expenses increased by 63.6% to CNY 133,256 thousand, as the company strengthened its investment in technological innovation[12] - Research and development expenses increased to CNY 133,256, a rise of 63.5% compared to CNY 81,433 in the previous year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 128,315, with the largest shareholder, China Coal Energy Group, holding 57.36% of the shares[18] - The diluted earnings per share for Q1 2022 was CNY 0.51, compared to CNY 0.27 in Q1 2021, marking an increase of 88.9%[25] Other Information - The company is not applying the new accounting standards for the first time in 2022[35]

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 14,714,915,000 under IFRS and CNY 13,281,908,000 under Chinese GAAP, with a proposed cash dividend of CNY 0.301 per share[3]. - The company plans to distribute 30% of the net profit under Chinese GAAP, amounting to CNY 3,984,572,400 to shareholders[3]. - In 2021, the company's operating revenue reached CNY 231.13 billion, a 64.0% increase from CNY 140.96 billion in 2020[14]. - The net profit attributable to shareholders was CNY 13.28 billion, representing a 124.8% increase compared to CNY 5.91 billion in 2020[14]. - The net cash flow from operating activities was CNY 48.11 billion, up 112.6% from CNY 22.63 billion in 2020[14]. - The basic earnings per share increased to CNY 1.00, a 122.2% rise from CNY 0.45 in 2020[16]. - The company's total assets at the end of 2021 were CNY 321.74 billion, a 13.7% increase from CNY 282.94 billion at the end of 2020[14]. - The net assets attributable to shareholders increased to CNY 113.79 billion, an 11.6% increase from CNY 102.00 billion at the end of 2020[14]. - The company reported a weighted average return on equity of 12.26% in 2021, up from 5.90% in 2020, an increase of 6.36 percentage points[16]. - The company achieved a total profit of 25.58 billion RMB in 2021, a 107.5% increase from 12.33 billion RMB in 2020[75]. Operational Highlights - Coal production reached 112.74 million tons, a 2.5% increase year-on-year, while coal sales volume was 291.17 million tons, up 9.7%[24]. - The company completed the construction of 20 intelligent mining faces and 15 intelligent tunneling faces, enhancing operational efficiency[25]. - The company recorded non-operating income of CNY 202.32 million from government subsidies closely related to its normal business operations in 2021[20]. - The company processed 7.41 million tons of low calorific value or high-sulfur coal through its power plants and coal chemical enterprises during the reporting period[42]. - The company achieved a total coal production of 112.74 million tons in 2021, an increase of 2.5% compared to 2020's 110.01 million tons[32]. - The company’s coal production in the Inner Mongolia and Shanxi regions increased by 10.1% and 1.3% respectively, while Jiangsu saw a decline of 16.8%[33]. Market and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[14]. - The company plans to deepen supply-side structural reforms and accelerate the construction of a world-class energy enterprise[31]. - The company aims to enhance its overall industry chain value and transition from a scale-speed model to a quality-efficiency model[45]. - The company plans to optimize its coal-to-chemical industry and enhance the modernized level of its industrial chain[112]. - The company is focusing on the transformation and upgrading of its energy services, emphasizing low-carbon and clean energy development[113]. Environmental and Social Responsibility - The company is committed to addressing risks related to environmental protection and safety production in its operations[4]. - The company has invested in pollution prevention and ecological restoration, with ongoing projects for coal gangue filling and ecological recovery of waste disposal sites, enhancing its environmental governance capabilities[178]. - The company has committed to green development principles, aligning with national goals for carbon peak and carbon neutrality[174]. - In 2021, the company invested over 25.99 million yuan in poverty alleviation and rural revitalization projects, supporting 21 villages/towns and implementing 32 assistance projects[188]. - The company has established a robust ecological and environmental management system, ensuring compliance with national ecological and environmental policies and regulations[174]. Governance and Compliance - The audit report issued by Deloitte Huayong was a standard unqualified opinion, ensuring the accuracy of the financial statements[2]. - The supervisory board confirmed that the company operates in compliance with national laws and regulations, ensuring effective decision-making processes[130]. - The company has strengthened internal control systems and has not identified any significant deficiencies during the reporting period[171]. - The company established a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities among its governing bodies[137]. - The company did not experience any insider trading incidents during the reporting period[137]. Future Outlook - The company plans to produce and sell over 116 million tons of coal, 1.48 million tons of polyolefins, and 1.8 million tons of urea for 2022[115]. - The company aims to enhance production efficiency and maintain stable supply while ensuring safety in coal production[116]. - The coal industry is expected to maintain resilient demand in 2022, with a GDP growth target of around 5.5%[109]. - The company plans a capital expenditure of 14.708 billion yuan for 2022, an increase of 2.919 billion yuan (24.76%) compared to 2021[126]. - The company will actively monitor international exchange rate trends to mitigate foreign exchange risks associated with its export sales[125].

Financial Performance - The net profit attributable to shareholders for the year ended December 31, 2020, was CNY 5,904,167,000 under Chinese accounting standards, with a proposed cash dividend of CNY 1,771,250,100, representing 30% of the net profit[5]. - The company plans to distribute a cash dividend of CNY 0.134 per share based on the total issued share capital of 13,258,663,400 shares[5]. - In 2020, the company's operating revenue reached CNY 140,961,304 thousand, representing a 9.0% increase compared to CNY 129,334,706 thousand in 2019[22]. - The net profit attributable to shareholders was CNY 5,904,167 thousand, a 4.9% increase from CNY 5,628,607 thousand in the previous year[22]. - The basic earnings per share for 2020 was CNY 0.45, up 7.1% from CNY 0.42 in 2019[23]. - The total assets at the end of 2020 amounted to CNY 281,686,377 thousand, reflecting a 3.3% increase from CNY 272,565,137 thousand in 2019[22]. - The net cash flow from operating activities was CNY 22,631,996 thousand, a 3.0% increase compared to CNY 21,980,611 thousand in 2019[22]. - The company achieved a total operating revenue of RMB 140.96 billion in 2020, an increase of RMB 11.63 billion or 9.0% year-on-year[62]. - The net profit attributable to shareholders of the parent company was RMB 5.90 billion, up RMB 0.28 billion or 4.9% year-on-year[62]. - The company's total profit increased by 1.4% to 12.325 billion RMB in 2020, compared to 12.151 billion RMB in 2019[104]. Risk Management - The company faces risks related to macroeconomic fluctuations, product price volatility, safety production, project investment, environmental protection, rising costs, and exchange rates, which are detailed in the report[8]. - The company emphasizes the importance of risk management, particularly in safety, environmental protection, and project investment[168][172][171]. - The company will adjust its operational plans based on actual market conditions and potential risks from external factors[163]. Governance and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Accounting Firm[4]. - The board of directors guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[9]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[6]. - The company does not have any violations in decision-making procedures for providing guarantees[6]. - The supervisory board confirmed that the financial reports were audited without any reservations, reflecting the company's financial status accurately[181]. - The supervisory board found no violations of laws or regulations by the company's directors and senior management during the reporting period[180]. - The company has committed to distributing at least 20% of its annual distributable profits as cash dividends to shareholders, based on the lower of the amounts calculated under Chinese accounting standards and international financial reporting standards[194]. Operational Highlights - The company maintained a zero infection rate among its employees during the COVID-19 pandemic while achieving significant operational performance[33]. - The company achieved a coal sales volume of 265.44 million tons in 2020, a year-on-year increase of 14.8%, with accounts receivable turnover days controlled within 10 days[44]. - The company produced and sold 147.4 million tons of polyolefins, 224.8 million tons of urea, and 68.8 million tons of methanol in 2020, with a 100% collection rate for receivables[47]. - The company completed a coal production of 110 million tons, an increase of 8.17 million tons year-on-year, and a growth of 15.3% compared to 2015[34]. - The company achieved a total coal production of 110.01 million tons and sales of 111.05 million tons, exceeding its annual production and operation plan[160]. Investment and Capital Expenditure - The company completed capital expenditures of 10.411 billion RMB, achieving 76.18% of the planned 13.666 billion RMB[137]. - The company invested 3.16 billion RMB in external equity investments during 2020, primarily for local coal mine integration and capital contributions[144]. - The capital expenditure plan for 2021 is set at 11.789 billion yuan, a decrease of 1.877 billion yuan (13.73%) compared to 2020[164]. - The investment in coal is planned at 9.046 billion yuan, which is an increase of 8.86% from the previous year's completion of 8.31 billion yuan[166]. Future Outlook - The company plans to continue optimizing its industrial structure and accelerating the layout of new energy projects in 2021, aiming for high-quality development[38]. - The company aims to become a world-class clean energy supplier and service provider, focusing on safety, green production, and high-efficiency utilization[157]. - The company plans to enhance its marketing capabilities to optimize regional coal resource integration and increase revenue generation[161]. - The company plans to produce and sell over 105 million tons of self-produced coal, 1.4 million tons of polyolefin products, and 2 million tons of urea in 2021[161].

Financial Performance - Operating income rose by 28.6% to CNY 77,137,407 thousand for the first nine months of 2018 compared to the same period last year[6]. - Net profit attributable to shareholders increased by 76.9% to CNY 4,124,682 thousand year-on-year[6]. - The company reported a significant reduction in asset impairment losses, down 97.4% to RMB 36,042 compared to RMB 1,406,206 in the same period of 2017[17]. - Net profit for the first nine months of 2018 was RMB 6,378,261, reflecting a 60.2% increase from RMB 3,981,507 in the same period of 2017[17]. - Operating profit increased by 54.2% to RMB 8,746,218 in the first nine months of 2018, up from RMB 5,671,070 in the same period of 2017[17]. - Net profit for Q3 2018 was CNY 2,041,632 thousand, representing a 68.3% increase compared to CNY 1,210,067 thousand in Q3 2017[56]. - The company reported a total profit of CNY 2,687,800 thousand for Q3 2018, up from CNY 1,773,559 thousand in Q3 2017[56]. Cash Flow - The net cash flow from operating activities surged by 57.3% to CNY 16,819,927 thousand for the first nine months of 2018[6]. - Cash flow from operating activities for the first nine months of 2018 was RMB 16,819,927, a significant increase from RMB 10,691,403 in the same period of 2017[19]. - Cash inflow from operating activities totaled 92,220,655 thousand RMB, up from 70,139,334 thousand RMB year-on-year[61]. - Cash outflow from operating activities was 75,400,728 thousand RMB, compared to 59,447,931 thousand RMB in the previous year[61]. - The total cash and cash equivalents at the end of the reporting period was 11,751,859 thousand RMB, slightly down from 11,757,106 thousand RMB at the end of the previous year[62]. - Cash outflow for purchasing goods and services was 22,733,271, down from 29,006,447, indicating a reduction in operational costs[65]. Assets and Liabilities - Total assets increased by 4.1% to CNY 261,722,487 thousand compared to the end of the previous year[6]. - The company's total liabilities increased by 70.5% to RMB 1,000,083 due to increased payable for coal resource acquisition[15]. - The total liabilities of the company were CNY 151,014,817 thousand, up from CNY 145,303,450 thousand, marking an increase of about 3.9%[48]. - The company's equity attributable to shareholders increased to CNY 92,294,792 thousand from CNY 89,115,353 thousand, reflecting a growth of about 2.4%[48]. Production and Sales - The company's coal production decreased by 3.6% to 5,587 thousand tons, while coal sales increased by 20.0% to 11,438 thousand tons[8]. - Polyethylene production increased by 77.6% to 54.7 thousand tons, and sales rose by 76.4% to 54.5 thousand tons[8]. - The company reported a decrease in urea production by 12.7% to 130.3 thousand tons, and sales decreased by 4.7% to 154.7 thousand tons[8]. - Coal business sales revenue for the first nine months of 2018 reached 59.486 billion RMB, an increase of 113.92 million RMB compared to 48.094 billion RMB in the same period last year[20]. - Total coal sales volume for the first nine months was 5.377 million tons, a decrease of 4.2% compared to 5.612 million tons in the same period last year[21]. Shareholder Information - The number of shareholders as of September 30, 2018, was 167,558, with the top ten shareholders holding 99.63% of the shares[12]. - The largest shareholder, China Coal Energy Group, held 57.36% of the shares, totaling 7,605,207,608 shares[12]. Investments and Financing - The company issued bonds totaling 2.2 billion RMB in July 2018, with a 5-year term and an interest rate of 4.69%[29]. - The company approved a capital increase of 980 million RMB to its subsidiary, Huajin Coking Coal Co., Ltd.[33]. - The company acquired 100% equity of Zhongmei Electric Co., Ltd. for 257.4657 million RMB[35]. Strategic Focus - The company is focusing on supply-side structural reforms to enhance quality and efficiency, aiming for improved core competitiveness and market opportunities[42]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[54].

Financial Performance - China Coal Energy Co., Ltd. expects net profit attributable to shareholders for the first three quarters of 2018 to be between CNY 3.9 billion and CNY 4.3 billion, an increase of CNY 1.467548 billion to CNY 1.867548 billion compared to the same period last year, representing a year-on-year growth of 60.3% to 76.8%[3] - The company anticipates net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters of 2018 to also be between CNY 3.9 billion and CNY 4.3 billion, with an increase of CNY 1.646593 billion to CNY 2.046593 billion year-on-year, reflecting a growth of 73.1% to 90.8%[6] - The net profit for the same period last year was CNY 2.432452 billion, and the net profit after deducting non-recurring gains and losses was CNY 2.253407 billion[8] - The earnings per share for the same period last year was CNY 0.18[9] Factors Influencing Profit - The main reasons for the profit increase include seizing market opportunities, innovation, cost control, and improved operational efficiency[10] Forecast and Uncertainties - The company has not identified any significant uncertainties that could affect the accuracy of the profit forecast[11] - The forecast data is preliminary and subject to final confirmation in the official Q3 2018 report[12]

Financial Performance - The company achieved operating revenue of RMB 50,209,981 thousand, a year-on-year increase of 34.5% compared to RMB 37,330,161 thousand in the same period last year [24]. - The net profit attributable to shareholders of the listed company reached RMB 2,756,161 thousand, representing a significant increase of 67.5% from RMB 1,645,236 thousand in the previous year [24]. - The net cash flow from operating activities was RMB 8,255,938 thousand, up 52.9% from RMB 5,401,058 thousand in the same period last year [25]. - The total profit for the period was RMB 59,990,000 thousand, reflecting a 54.5% increase compared to the previous year [36]. - The company’s basic earnings per share rose to RMB 0.21, a 75.0% increase from RMB 0.12 in the same period last year [26]. - The weighted average return on net assets increased to 3.08%, up 1.18 percentage points from 1.90% in the previous year [26]. - The company’s total assets increased to RMB 256,228,099 thousand, a growth of 2.0% from RMB 251,351,543 thousand at the end of the previous year [25]. - The company’s investment income increased by 117.4% year-on-year, contributing to profit growth [36]. - The company maintained a cost-to-profit ratio of 13.3%, an improvement of 1.6 percentage points compared to the previous year [36]. - The total profit for the company in the first half of 2018 was 5.999 billion RMB, a 54.5% increase from 3.884 billion RMB in the same period of 2017 [101]. Production and Sales - The company completed a coal production of 36.81 million tons and coal sales volume of 74.29 million tons, marking a year-on-year increase of 23.2% [35]. - The company achieved a total coal sales volume of 74.29 million tons, representing a year-on-year increase of 23.2% [47]. - The company reported a significant increase in purchased coal sales volume, reaching 35.20 million tons, a year-on-year growth of 70% [48]. - The coal business segment contributed RMB 39.01 billion in operating revenue, up 26.1% from RMB 30.93 billion in the first half of 2017, while the coal chemical business saw an 88.1% increase to RMB 8.59 billion [66]. - The total sales volume of coal products reached 7,429,000 tons, a 23.2% increase from 6,032,000 tons in the same period last year [49]. - The company completed a total coal production of 36.81 million tons, with thermal coal production at 32.30 million tons and coking coal at 4.51 million tons [45]. Costs and Expenses - Operating costs rose to RMB 34.95 billion, a 47.8% increase from RMB 23.65 billion in the previous year, primarily due to higher material costs and increased production [67]. - The company reported a total of RMB 6.82 billion in material costs, a 73.5% increase from RMB 4.71 billion in the first half of 2017, driven by increased sales volume and raw material price hikes [68]. - The company’s coal business operating costs rose by 39.7% to 26.345 billion RMB, with significant increases in costs for purchased trade coal, which grew by 70.6% to 18.635 billion RMB [76][79]. Risk Management - The report highlights significant risks including price volatility of coal and coal chemical products, which can greatly impact operational performance [6]. - The company emphasizes the importance of risk management and is continuously improving its risk control system to mitigate potential impacts from macroeconomic changes and regulatory adjustments [6]. - The company has identified risks including macroeconomic fluctuations and product price volatility, which may impact operational performance [125][126]. Environmental and Social Responsibility - The company has committed to environmental protection initiatives, aligning with national energy-saving and emission reduction policies [129]. - The company has identified 10 key pollution discharge units, with total annual permitted emissions of 105.2 tons of COD, 10.5 tons of ammonia nitrogen, 8,451.9 tons of sulfur dioxide, 8,903.6 tons of nitrogen oxides, and 2,344.0 tons of particulate matter [163]. - In the first half of 2018, actual emissions from key pollution discharge units were 71.8 tons of COD, 2.7 tons of ammonia nitrogen, 2,561 tons of sulfur dioxide, 2,707 tons of nitrogen oxides, and 446 tons of particulate matter, all within permitted limits [163]. - The company invested a total of RMB 12.49 million in poverty alleviation efforts, benefiting 2,650 individuals [158]. - A total of 1,006 registered poor individuals were lifted out of poverty through various initiatives [156]. - The company implemented 27 poverty alleviation projects, focusing on infrastructure, industrial development, and education [158]. Capital Expenditures and Investments - The capital expenditure for the first half of 2018 was RMB 3.922 billion, representing 24.06% of the annual plan of RMB 16.300 billion [114]. - The company plans to focus capital expenditures on coal, coal chemical, coal mining equipment, and power generation sectors in 2018 [114]. - The company completed external equity investments totaling 321 million yuan in the first half of 2018, an increase of 306 million yuan compared to the same period last year [118]. Shareholder Information - The company distributed cash dividends of 724.33 million yuan, representing 30% of the net profit attributable to the parent company for 2017 [136]. - The total number of ordinary shareholders as of the end of the reporting period is 171,663 [179]. - The largest shareholder, China Coal Energy Group, holds 7,605,207,608 shares, representing 57.36% of total shares [181]. Debt and Financing - The company successfully issued bonds worth 7 billion yuan, achieving the lowest issuance cost in the industry [37]. - The company issued bonds with a total value of 10 billion CNY at an interest rate of 4.61% maturing on July 20, 2022 [187]. - A second bond issuance of 11 billion CNY at an interest rate of 4.85% is set to mature on May 9, 2023 [188]. - The company has a third bond issuance of 4 billion CNY at an interest rate of 5.00% maturing on May 9, 2025 [188]. - The company plans to issue a fifth bond of 8 billion CNY at an interest rate of 4.89% maturing on July 6, 2025 [188]. - All funds raised from the bonds have been fully utilized for debt repayment, including short-term financing and bank loans [195].