Financial Performance - The company's operating revenue for Q1 2022 was ¥7,171,528,574.94, a decrease of 23.96% compared to ¥5,785,582,685.20 in the same period last year[3] - Net profit attributable to shareholders was ¥1,512,095,465.70, an increase of 49.53% from ¥1,011,244,515.49 year-on-year[3] - Basic earnings per share were ¥0.79, up 49.06% from ¥0.53 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 7,171,528,574.94, an increase of 24.0% compared to CNY 5,785,582,685.20 in the same period last year[12] - Net profit for Q1 2022 reached CNY 1,922,358,420.81, representing a 47.0% increase from CNY 1,306,588,883.33 in Q1 2021[13] - The company reported a total profit of CNY 2,270,444,505.10 for Q1 2022, up from CNY 1,631,848,259.34 in the previous year[13] - The company’s total comprehensive income for Q1 2022 was CNY 1,922,554,420.45, an increase from CNY 1,306,205,295.38 in Q1 2021[13] Cash Flow - The net cash flow from operating activities reached ¥1,915,421,976.86, representing a significant increase of 207.80% compared to ¥622,286,441.05 in the previous year[3] - Cash flow from operating activities for Q1 2022 was CNY 6,907,083,943.57, an increase from CNY 4,607,762,374.44 in Q1 2021[15] - The net cash flow from operating activities for Q1 2022 was CNY 1,915,421,976.86, a significant increase from CNY 622,286,441.05 in Q1 2021, representing a growth of approximately 207%[16] - Total cash outflow from operating activities amounted to CNY 4,991,661,966.71, compared to CNY 3,985,475,933.39 in the previous year, indicating an increase of about 25%[16] - The company reported a cash increase of CNY 1,787,351,317.17 during the quarter, significantly higher than CNY 583,698,907.81 in the previous year, representing an increase of about 206%[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥39,991,571,053.62, an increase of 6.27% from ¥37,633,252,804.35 at the end of the previous year[3] - The company's cash and cash equivalents at the end of the period were ¥3,395,550,815.01, an increase of 111.14% compared to the beginning of the period[5] - The balance of receivables financing increased by 99.79% to ¥1,562,311,603.45, mainly due to increased sales of coal and aluminum products[5] - The total current liabilities decreased to approximately RMB 6.51 billion from RMB 8.03 billion, a reduction of about 18.9%[11] - Long-term borrowings increased to RMB 6.93 billion from RMB 5.11 billion, marking an increase of approximately 35.5%[11] - The total liabilities of the company amounted to approximately RMB 14.43 billion, slightly up from RMB 14.14 billion, indicating a marginal increase of about 2.0%[11] Equity - The total equity attributable to shareholders at the end of the reporting period was ¥22,047,023,136.75, an increase of 8.13% from ¥20,390,074,707.30 at the end of the previous year[3] - The company's total equity rose to approximately RMB 25.56 billion, up from RMB 23.49 billion, reflecting an increase of about 8.8%[11] Expenses - The company's management expenses for the period were ¥130,910,943.92, an increase of 40.59% year-on-year, primarily due to rising labor costs[5] - The company’s tax expenses for Q1 2022 were CNY 348,086,084.29, slightly higher than CNY 325,259,376.01 in Q1 2021[13] - The company’s financial expenses for Q1 2022 were CNY 92,065,427.17, compared to CNY 86,087,855.98 in Q1 2021[12] Inventory and Receivables - Accounts receivable decreased to RMB 2.72 billion from RMB 2.85 billion, representing a decline of about 4.5%[10] - The company's inventory increased to RMB 1.53 billion from RMB 1.47 billion, reflecting a growth of about 4.5%[10] Other Income - The company received government subsidies amounting to ¥2,840,016.18 during the period, contributing to the increase in other income[5] Audit Status - The report for Q1 2022 was not audited, which may affect the reliability of the financial data presented[17]

Financial Performance - The company's operating revenue for 2021 was ¥37,633,252,804.35, an increase of 22.79% compared to 2020[13]. - The net profit attributable to shareholders for 2021 was ¥24,649,113,224.34, representing a 71.92% increase from the previous year[13]. - The basic earnings per share for 2021 was ¥1.85, up 71.30% from ¥1.08 in 2020[13]. - The total assets at the end of 2021 were ¥37,633,252,804.35, a 9.18% increase from the end of 2020[13]. - The net assets attributable to shareholders at the end of 2021 were ¥20,390,074,707.30, reflecting a 15.91% increase from the end of 2020[13]. - The net cash flow from operating activities for 2021 was ¥6,332,752,661.90, a slight increase of 0.56% compared to 2020[13]. - The company reported a weighted average return on equity of 18.81% for 2021, an increase of 6.51 percentage points from 2020[13]. - The total profit for the year reached 562.13 million yuan, an increase of 70.42% year-on-year, driven by higher prices for coal and electrolytic aluminum, as well as increased electricity sales[33]. - The company achieved total operating revenue of CNY 24,649,113,224.34, an increase of 22.79% compared to the previous year[36]. - Operating profit reached CNY 574,646.45 million, up 72.35% year-on-year, primarily due to rising prices of coal, electrolytic aluminum, and increased electricity sales[36]. Market Conditions - In 2021, the company faced unprecedented pressures due to rising coal prices, declining utilization hours, and challenges from energy consumption control policies, which reduced profit margins[6]. - The company expects the coal market to remain tight in 2022, with coal continuing to play a dominant role in energy consumption[22]. - The company anticipates a slight decline in coal prices in 2022, with a return to a more stable supply-demand balance due to government interventions[82][83]. - The company faces risks from national policies affecting coal production and pricing, as well as market fluctuations due to geopolitical events[90][91]. Operational Challenges and Strategies - The company’s operational challenges included balancing coal supply pressures and maintaining stable electricity supply amid fluctuating coal prices[6]. - The company emphasized the importance of financial support for the development of the new energy industry, which is expected to benefit from the "dual carbon" goals[6]. - The company’s management highlighted the need for strategic adjustments in response to the evolving market conditions and regulatory environment[6]. - The company is adapting its coal sales strategy in response to national policy changes and market fluctuations[26]. - The company plans to leverage its competitive advantages in mining rights and market demand to enhance its coal production and sales strategies[35]. Investments and Projects - The company is developing several renewable energy projects, aiming to significantly increase its installed capacity during the "14th Five-Year Plan" period[30]. - The company plans to increase its new energy installed capacity to over 7 million kilowatts by the end of the 14th Five-Year Plan, enhancing its profit growth support[31]. - The company is investing in technology for intelligent mining and zero-carbon equipment upgrades[26]. - The company has established a smart marketing system, improving its coal sales precision and overall marketing capabilities[30]. - The company has ongoing projects in both photovoltaic and wind power generation sectors, indicating a diversified energy investment strategy[70]. Environmental Compliance and Management - The company has implemented pollution prevention facilities and operates in compliance with environmental standards[148]. - The company reported no major environmental issues and is classified as a key pollutant discharge unit by environmental authorities[148]. - The average emission concentrations of major pollutants for the year 2021 were 1.98 mg/m³ for particulate matter, 23.59 mg/m³ for sulfur dioxide, and 39.9 mg/m³ for nitrogen oxides, all meeting the standards set by GB13223-2011[150]. - The company has established a dedicated environmental supervision management system to ensure compliance with environmental regulations and standards[150]. - The company has continuously improved its environmental management practices, ensuring stable operation of various environmental protection facilities and achieving compliance with emission standards[150]. Research and Development - Research and development (R&D) investment increased by 36.65% to ¥14,819,089.63 in 2021, compared to ¥10,844,834.67 in 2020[57]. - The number of R&D personnel increased by 44.64% from 336 in 2020 to 486 in 2021[54]. - R&D personnel accounted for 6.55% of the total workforce in 2021, up from 4.48% in 2020[55]. - The company completed the acceptance of several R&D projects aimed at improving production efficiency and reducing environmental impact[56]. Corporate Governance - The company has established a performance evaluation and incentive mechanism to enhance employee motivation and core competitiveness[103]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[104]. - The company has a transparent investor relations management system, ensuring timely and accurate information disclosure[104]. - The board of directors consists of 12 members, including 4 independent directors, complying with legal requirements[101]. Future Outlook - The company plans to invest 657,791 million CNY in 2022, with 466,432 million CNY allocated to new energy projects[88]. - The projected total profit for 2022 is 560,791 million CNY, which is roughly in line with the previous year's profit[89]. - The company aims to maintain raw coal sales at 46 million tons in 2022, slightly down from 46.04 million tons in 2021[88]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market reach[114]. Subsidiary Performance - The subsidiary Tongliao Holin River Pit Power Co., Ltd. reported a net profit of 212.74 million yuan, contributing over 10% to the company's net profit[78]. - The subsidiary Zhaluteqi Zahanor Coal Industry Co., Ltd. reported a net profit of 688.30 million yuan, also contributing significantly to the company's overall performance[78]. - The subsidiary Inner Mongolia Huomei Hongjun Aluminum Power Co., Ltd. achieved a net profit of 2,439.74 million yuan, highlighting its strong operational performance[78]. Shareholder Relations - The company approved a profit distribution plan to distribute a cash dividend of CNY 5.00 per 10 shares (including tax) to all shareholders, based on a total of 1,921,573,493 shares[7]. - The cash dividend distribution plan includes a cash dividend of CNY 5.00 per 10 shares, totaling CNY 960,786,746.50, which represents 100% of the profit distribution amount[138]. - The company has established a clear cash dividend policy that complies with its articles of association and shareholder resolutions[135].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥6,424,598,006.55, representing a 29.76% increase compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥1,043,701,493.68, a 61.46% increase year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,010,309,023.57, up 65.17% from the previous year[4]. - The basic earnings per share for Q3 2021 was ¥0.55, reflecting a 66.67% increase compared to the same period last year[4]. - The total operating revenue for the current period reached ¥17,996,589,632.68, an increase of 22.5% compared to ¥14,654,773,956.88 in the previous period[14]. - The net profit attributable to the parent company was ¥2,874,293,222.40, representing a 39.5% increase from ¥2,059,131,652.64 in the previous period[15]. - The total comprehensive income for the current period was ¥3,983,585,146.30, compared to ¥2,569,070,948.01 in the previous period[16]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥37,835,067,415.73, a 9.77% increase from the end of the previous year[4]. - The total liabilities increased to ¥14,309,125,816.87 from ¥13,894,326,285.44, reflecting a growth of 3.0%[15]. - The ending balance of cash and cash equivalents was ¥2,406,592,676.29, an increase of 128.81% compared to the end of 2020[7]. - The ending balance of accounts receivable was ¥2,757,124,397.22, an increase of 46.08% due to increased coal receivables[7]. - The total liabilities due within one year increased by 666.19% to ¥1,769,385,283.78, driven by increased short-term borrowings and lease liabilities[7]. - The company's total assets reached CNY 37.84 billion, an increase from CNY 34.47 billion at the end of 2020, reflecting a growth of approximately 6.85%[11]. - The total current liabilities increased to CNY 9.03 billion from CNY 7.78 billion, marking an increase of around 16.1%[12]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥4,969,465,531.66, showing a 22.33% increase compared to the same period last year[4]. - Cash inflow from financing activities was CNY 3.75 billion, down from CNY 8.17 billion year-over-year[19]. - The net increase in cash and cash equivalents was CNY 1.36 billion, compared to CNY 0.17 billion in the previous year[19]. - Operating cash inflow totaled CNY 17.42 billion, an increase from CNY 13.97 billion year-over-year[18]. - Net cash flow from investing activities was negative at CNY -1.43 billion, an improvement from CNY -1.71 billion in the previous year[19]. Shareholder Equity - The equity attributable to shareholders at the end of Q3 2021 was ¥19,877,118,062.72, which is a 13.00% increase year-over-year[4]. - The total equity attributable to shareholders reached ¥19,877,118,062.72, up 13.0% from ¥17,590,623,853.11 in the previous period[15]. - The company's total equity of the company reached CNY 20,574,795,350.60, remaining unchanged from the previous period[22]. Operational Costs - The total operating costs amounted to ¥13,108,386,964.39, up 14.0% from ¥11,504,716,767.00 in the previous period[14]. - The total tax payments amounted to ¥3,427,192,530.74, an increase of 33.29% due to business growth leading to higher VAT and income tax payments[8]. Other Financial Metrics - The weighted average return on equity increased by 3.2 percentage points to 15.31% compared to the previous year[4]. - The company reported a government subsidy of ¥2,055,907.43 for Q3 2021, contributing to its non-recurring gains[5]. - The total investment income for the period was ¥64,025,773.16, an increase of 32.57% due to improved performance of associated companies[8]. - The financial expenses for the current period were ¥292,657,831.03, a decrease from ¥338,541,619.58 in the previous period[15]. Miscellaneous - The company has not disclosed any new strategies or product developments in the current report[10]. - The company has not audited the third-quarter report[22].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 11,571,991,626.13, a decrease of 19.26% compared to the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 1,830,591,728.72, an increase of 29.58% year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,890,179,115.04, up 31.70% from the previous year[11]. - The basic earnings per share for the period was CNY 0.95, reflecting a growth of 28.38% compared to CNY 0.74 in the same period last year[11]. - The total profit reached CNY 295,414.79 million, reflecting a year-on-year increase of 46.19%, primarily due to higher coal and aluminum prices and increased electricity sales[24]. - The company reported a total of ¥114,298,016.61 in investments during the reporting period[40]. - The company reported a total revenue of 1,448,948.36 million CNY for the first half of 2021[92]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 36,720,408,155.14, representing a 6.53% increase from the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 6.96% to CNY 18,815,362,257.85 compared to the previous year[11]. - The total assets at the end of the reporting period amounted to ¥21,762,989,836.19, with fixed assets accounting for 59.27% of total assets[31]. - Total liabilities increased to CNY 14.72 billion, up from CNY 13.89 billion, representing a growth of approximately 6% year-over-year[128]. - Current liabilities totaled CNY 9.73 billion, an increase of 25% compared to CNY 7.78 billion in the previous year[128]. - Non-current liabilities decreased to CNY 4.99 billion from CNY 6.11 billion, a decline of about 18%[128]. Cash Flow - The company reported a net cash flow from operating activities of CNY 2,140,749,975.02, a decrease of 3.62% from the previous year[11]. - The company's operating cash flow for the first half of 2021 was CNY 2,140,749,975.02, a decrease of 3.63% compared to CNY 2,221,107,373.27 in the same period of 2020[140]. - The net cash flow from investing activities was CNY -672,267,483.86, an improvement compared to CNY -953,701,453.08 in the first half of 2020[141]. - The company reported a net cash flow from financing activities of CNY -1,101,979,861.15, compared to CNY -1,261,417,246.37 in the same period of the previous year[141]. Environmental Compliance - The average emission concentrations of major pollutants from the Tongliao Hohlin River Power Plant are 1.97 mg/m³ for particulate matter, 24.75 mg/m³ for sulfur dioxide, and 38.19 mg/m³ for nitrogen oxides, all meeting the required standards[60]. - The company has implemented ultra-low emission modifications for its power generation units, achieving emission concentrations that meet ultra-low emission standards[60]. - The company has established a dedicated environmental supervision management system to ensure compliance with pollution discharge requirements[61]. - The company has conducted emergency drills for environmental incidents to improve its response capabilities[64]. Strategic Initiatives - The company plans to enhance its technological innovation and operational efficiency to address risks in the coal sector[52]. - The company aims to improve its marketing strategies and energy efficiency in the power generation sector to adapt to market changes and enhance profitability[53]. - The company is exploring new technologies and products in the energy sector, particularly in renewable energy[79]. - The company is focusing on the development of multi-energy complementary key technologies in circular economy[75]. Related Party Transactions - The company reported a total of 416.55 million yuan in related party transactions with Beijing Zhongqi Times Technology Co., Ltd., accounting for 0.03% of similar transaction amounts[71]. - The company engaged in related party transactions amounting to 1,142.71 million yuan with its subsidiary in Hohhot, representing 0.08% of similar transaction amounts[72]. - The company recorded 4,118.35 million yuan in related party transactions with Chifeng Baiyin Logistics Co., Ltd., which is 2.82% of similar transaction amounts[73]. Market Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 25% based on current market trends and user acquisition strategies[188]. - The company plans to expand its market presence by entering two new provinces, aiming for a 10% increase in market share within the next year[188]. - Future investments in renewable energy projects are projected to account for 20% of total capital expenditures in the upcoming fiscal year[189]. Shareholder Information - The largest shareholder, China Power Investment Inner Mongolia Energy Group Co., Ltd., held 58.39% of the total shares, amounting to 1,122,022,721 shares[113]. - The company plans to enhance shareholder value by increasing dividends by 5% in the next financial year[188]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[116]. Financial Management - The company emphasizes the importance of accurate financial reporting and compliance with accounting standards in its financial management practices[173]. - The company measures expected credit losses for financial assets based on the expected credit loss model, using either the general or simplified approach[175]. - The company recognizes impairment losses for financial assets when the expected credit loss exceeds the current provision amount[176].

Group 1: Event Details - The company will participate in the "2021 Inner Mongolia Listed Companies Investor Online Reception Day" on August 4, 2021, from 15:00 to 17:00 [2] - The event aims to enhance communication with investors and strengthen company quality [2] Group 2: Participation and Platform - The event will be held online through the platform provided by Shenzhen Panorama Network Co., Ltd. [3] - Investors can access the interactive platform "Panorama · Roadshow World" at http://rs.p5w.net to participate [3] Group 3: Attendees - The attendees from the company include Chairman Liu Jianping, Chief Accountant Wang Zhenlin, and Board Secretary Wen Quan [3]

Economic Environment - In 2020, the company faced challenges due to the COVID-19 pandemic, resulting in a slowdown in domestic economic growth and increased uncertainty in future economic trends [4]. - The board of directors emphasized the importance of risk awareness in light of the uncertain economic environment and ongoing trade tensions [4]. - The company expects a tight balance in the coal market due to increased demand and accelerated development of renewable energy, which may suppress coal demand growth [40]. - The company predicts that coal consumption in China will peak in the next decade, leading to a stable supply-demand situation in the coal market [89]. - The company faces risks including national policy changes affecting coal mining and market fluctuations due to increased coal imports, which may lead to a temporary easing of coal supply [96][97]. Financial Performance - The company's operating revenue for 2020 was ¥20,073,924,148.88, representing a 4.80% increase from ¥19,155,000,719.21 in 2019 [15]. - The net profit attributable to shareholders for 2020 was ¥2,070,761,935.27, a decrease of 16.04% compared to ¥2,466,494,732.75 in 2019 [15]. - The basic earnings per share for 2020 was ¥1.08, a decline of 15.63% from ¥1.28 in 2019 [15]. - The weighted average return on equity for 2020 was 12.30%, a decrease of 3.57 percentage points from 15.87% in 2019 [15]. - The total profit for 2020 was 3,298.42 million yuan, reflecting a year-on-year increase of 2.53%, driven by higher prices for coal and electrolytic aluminum [25]. Dividends and Shareholder Returns - The company reported a cash dividend of 4 RMB per 10 shares to all shareholders, based on a total of 1,921,573,493 shares [5]. - The cash dividend for 2020 represents 37.12% of the net profit attributable to ordinary shareholders [106]. - The proposed cash dividend is CNY 4 per 10 shares, totaling CNY 768,629,397.20, subject to shareholder approval [108]. - The cumulative legal surplus reserve has exceeded 50% of the registered capital, thus no legal surplus reserve will be extracted for the reporting period [108]. - The company has maintained a consistent cash dividend policy over the past three years, with clear guidelines and procedures in place [104]. Operational Highlights - The company produced 913,600 tons of electrolytic aluminum in 2020, up 2.36% from the previous year, with sales increasing by 2.16% to 911,900 tons [25]. - The actual electricity generation in 2020 was 692,229.31 million kWh, an increase of 2.04% year-on-year, with electricity sales rising by 2.88% to 622,771.68 million kWh [25]. - In 2020, the company produced 45.99 million tons of raw coal, maintaining the same level as the previous year, while sales decreased by 0.49% to 45.85 million tons [25]. - The company has a coal production capacity of 46 million tons, utilizing fully mechanized production processes [24]. - The company’s electricity generation facilities include two 600MW subcritical direct air-cooled units, primarily supplying power to the Northeast China grid [24]. Market Conditions - The coal market remained stable, with supply maintaining a balance and coal prices showing a steady increase throughout the year [4]. - The overall industry for electrolytic aluminum saw a recovery in demand, with social inventory continuing to decline and prices showing a trend of sustained increase [5]. - The aluminum segment experienced significant price volatility, with the maximum price difference reaching nearly 6,000 RMB, leading to substantial losses in the first half of 2020 [5]. - The coal industry is experiencing a recovery post-COVID-19, with a focus on intelligent mining and the exit of inefficient production capacities [26]. - The aluminum industry is entering an orderly development phase, supported by local government policies that reduce production costs [26]. Investments and Future Plans - The company has invested in renewable energy projects, including a 100MW photovoltaic power generation project, with a total planned investment of CNY 436.2 million [38]. - The company plans to enhance safety management and improve asset utilization efficiency through systematic planning for equipment upgrades [43]. - The company aims to strengthen market analysis and adjust sales strategies in response to national regulatory changes in the coal industry [43]. - The company plans to continue expanding its renewable energy portfolio in the future [73]. - The company has committed to injecting relevant assets into the listed company within five years, contingent on meeting specific conditions [111]. Related Party Transactions - The company engaged in related transactions, including providing technical services valued at 0.09 million yuan, which accounted for 0.00% of similar transaction amounts [135]. - The company sold coal to Bai Shan Thermal Power Co., Ltd. for 55.35 million yuan, representing 0.00% of similar transaction amounts [135]. - The company provided technical services to Beijing Zhongqi Technology Co., Ltd. valued at 127.2 million yuan, which accounted for 0.39% of similar transaction amounts [135]. - The company reported a related transaction amount of 113.08 million yuan for providing technical services, which accounted for 0.35% of similar transaction amounts [138]. - The company had no related transactions exceeding the approved limits during the reporting period [135]. Legal and Compliance Matters - The company faced a lawsuit regarding ecological damage compensation amounting to 29.996 million RMB, which has been settled [127]. - The company has received a court ruling to pay 41.224 million RMB to Singapore Continental Consulting Co., Ltd. as part of a debt settlement [128]. - The company has reported a total compensation payment of 29.996 million RMB for ecological damage, which has been executed [127]. - The company has confirmed that it has fulfilled its capital contribution obligations to Hoh Coal Hongjun without any violations [114]. - The company has not reported any major changes in project feasibility during the reporting period [83].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 5,785,582,685.20, representing a 17.64% increase compared to CNY 4,918,174,735.12 in the same period last year[5] - The net profit attributable to shareholders of the listed company was CNY 1,011,244,515.49, a 2.91% increase from CNY 982,656,280.82 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,109,413,476.35, up 9.50% from CNY 1,013,203,628.85 in the previous year[5] - The basic earnings per share for the reporting period was CNY 0.53, a 3.92% increase from CNY 0.51 in the same period last year[5] - The net profit for the first quarter of 2021 was CNY 1,306,588,883.33, up from CNY 1,093,617,609.99 in the same quarter of the previous year, reflecting a growth of approximately 19.5%[27] - The net profit attributable to shareholders for the period is expected to be CNY 141,271.53 million, with a growth rate of 0.00% compared to the same period last year[14] - The basic earnings per share for the period is expected to be CNY 0.74, with a growth rate of 0.00% compared to the same period last year[14] Cash Flow - The net cash flow from operating activities decreased by 28.93% to CNY 622,286,441.05, down from CNY 875,610,779.92 in the same period last year[5] - Cash paid for purchasing goods and services was CNY 2,180,414,188.04, an increase of 30.97% year-on-year, mainly due to increased operating costs[10] - Cash paid to employees was CNY 541,801,560.68, an increase of 78.25% year-on-year, primarily due to increased social security contributions[10] - The total cash inflow from operating activities was ¥4,607,762,374.44, compared to ¥4,080,466,668.93 in the previous period, marking an increase of 12.9%[33] - The net cash flow from operating activities for the first quarter was ¥72,220,320.92, a decrease of 87.2% compared to ¥563,086,210.05 in the previous year[35] - Total cash inflow from operating activities was ¥976,062,175.63, down from ¥1,238,241,064.48, reflecting a decline of 21.2%[35] - Cash outflow from operating activities increased to ¥903,841,854.71, compared to ¥675,154,854.43, marking a rise of 33.8%[35] Assets and Liabilities - The total assets at the end of the reporting period were CNY 35,891,370,613.79, an increase of 4.13% from CNY 34,469,121,636.04 at the end of the previous year[5] - The total current assets amounted to CNY 8,214,910,104.55, an increase of 26.1% from CNY 6,508,781,285.06 as of December 31, 2020[18] - The total liabilities decreased slightly to CNY 13,864,460,344.68 from CNY 13,894,326,285.44, a decline of 0.2%[21] - The total assets as of March 31, 2021, were CNY 35,891,370,613.79, compared to CNY 34,469,121,636.04 at the end of 2020, indicating a growth of 4.1%[21] - The total liabilities for the first quarter of 2021 were CNY 1,167,828,320.13, compared to CNY 1,116,144,710.21 in the same period last year, which is an increase of approximately 4.6%[24] Equity and Shareholder Information - The net assets attributable to shareholders of the listed company increased by 6.57% to CNY 18,746,410,837.02 from CNY 17,590,623,853.11 at the end of the previous year[5] - The company’s total equity increased to CNY 22,026,910,269.11 from CNY 20,574,795,350.60, an increase of 7.1%[21] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[8] Government Subsidies and Financial Expenses - The company received government subsidies amounting to CNY 1,766,903.43 during the reporting period[6] - The financial expenses for the period amounted to CNY 86,087,855.98, a decrease of 31.86% year-on-year, mainly due to a reduction in bill discounting[9] - The company reported a financial expense of CNY 86,087,855.98 for the first quarter of 2021, down from CNY 126,338,403.85 in the same period last year, indicating a decrease of approximately 31.8%[26] Inventory and Receivables - The ending balance of accounts receivable was CNY 2,643,636,035.27, an increase of 40.07%, mainly due to an increase in coal receivables during the period[9] - The ending balance of prepayments increased by 3073.32% to CNY 1,940,215.21, primarily due to an increase in prepaid lease fees[9] - The inventory decreased to CNY 1,205,723,035.39 from CNY 1,270,218,688.68, reflecting a decline of 5.1%[18] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[30]