Financial Performance - Operating revenue for the third quarter reached RMB 47,428,310, representing a year-on-year increase of 1.2%[3] - Net profit attributable to shareholders was RMB 4,826,277, showing a slight decrease of 0.6% compared to the same period last year[3] - The cash flow from operating activities for the year-to-date was RMB 25,756,764, down 9.2% year-on-year[3] - The net profit after deducting non-recurring gains and losses was RMB 4,769,138, down 1.0% year-on-year[3] - For the first nine months of 2024, the net profit attributable to shareholders was CNY 14,614,069, a decrease of 12.7% compared to CNY 16,688,039 in the same period of 2023[8] - The coal business generated operating revenue of CNY 117.85 billion in the first nine months of 2024, down 11.0% from CNY 132.37 billion in the same period of 2023[12] - The operating cost of the coal business was CNY 88.60 billion, a decrease of 12.2% from CNY 100.91 billion year-on-year[12] - The gross profit from the coal business was CNY 29.25 billion, down 7.0% from CNY 31.46 billion in the previous year[12] Production and Sales - The production of commercial coal for the first nine months was 10,231,000 tons, an increase of 1.1% year-on-year[7] - The sales volume of commercial coal decreased by 4.3% to 20,551,000 tons compared to the same period last year[7] - The production of urea decreased by 14.4% to 131,200 tons in the first nine months compared to the previous year[7] - The sales volume of self-produced commodity coal for January to September 2024 was 12.94 million tons, a decrease from 13.54 million tons in the same period of 2023[14] - The sales volume of urea decreased by 11.4% to 151.0 million tons, with the sales price dropping by 11.4% to RMB 2,134 per ton[17] - The sales volume of methanol decreased by 17.7% to 120.6 million tons, while the sales price increased slightly by 0.9% to RMB 1,767 per ton[17] - The sales volume of polyethylene increased by 2.7% to 58.9 million tons, with a sales price increase of 1.4% to RMB 7,281 per ton[17] - The sales volume of polypropylene increased by 2.6% to 54.6 million tons, with a stable sales price of RMB 6,636 per ton[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 360,629,392, reflecting a 3.2% increase from the previous year[3] - The total net assets attributable to shareholders as of September 30, 2024, were CNY 149,495,273, an increase of 3.3% from CNY 144,121,015 at the end of 2023[8] - The total liabilities due within one year decreased by 36.6% to CNY 13,787,145, reflecting repayments of long-term bank loans[10] Costs and Expenses - The unit sales cost of self-produced commodity coal decreased to RMB 286.60 per ton in January to September 2024, down 2.8% from RMB 294.79 per ton in the same period of 2023[16] - The material cost per ton increased by 2.9% year-on-year to RMB 56.11, while labor costs rose by 17.7% to RMB 53.27 per ton[15] - The unit sales cost of ammonium nitrate decreased significantly by 20.4% to RMB 1,288 per ton[18] Investments and Shareholding - China Coal Energy Company increased its A-share holdings by 2,454,700 shares, representing approximately 0.0185% of the total share capital during the reporting period[22] - As of September 30, 2024, China Coal holds 7,611,207,908 A-shares, accounting for 57.41% of the total issued share capital[22] - The total shareholding of China Coal, including H-shares held through its subsidiary, is approximately 58.40% of the total issued share capital[22] - Fude Life Insurance Company holds 2,012,858,147 H-shares of the company as disclosed on the stock exchange[22] - The top 10 shareholders and those holding more than 5% of shares have participated in the securities lending business, with specific details provided in the report[22] - The report indicates that there were no changes in the number of shares lent and not returned for the top 10 shareholders during the reporting period[23] Management and Governance - The company will not apply new accounting standards or interpretations that would require adjustments to the financial statements for the current year[24] - The board of directors is led by Chairman Wang Shudong, with other executive and independent directors listed[24] Future Outlook - The company plans to enhance its production capabilities and explore new market opportunities in the upcoming quarters[16]
中煤能源(01898) - 2024 Q3 - 季度业绩