Financial Performance - For the fiscal year ending December 31, 2024, Yancoal Australia Ltd reported total revenue of AUD 6.86 billion, a decrease of 12% compared to AUD 7.78 billion in 2023[13]. - The company's profit before tax (excluding non-recurring items) was AUD 1.69 billion, down 35% from AUD 2.58 billion in the previous year[13]. - Shareholders' net profit after tax (excluding non-recurring items) was AUD 1.22 billion, reflecting a 33% decline from AUD 1.82 billion in 2023[13]. - Basic earnings per share (excluding non-recurring items) decreased by 33% to 92.3 cents from 137.8 cents in 2023[13]. - The total dividend distribution for the fiscal year 2024 is expected to be AUD 687 million, compared to AUD 1.41 billion in 2023[15]. - The average coal sales price for 2024 was AUD 176 per ton[90]. - The offshore cash cost (excluding royalties) is reported at AUD 98.30 per ton, influenced by uncontrollable factors such as diesel prices and labor shortages[136]. - The total cash for the short-term incentive plan for 2024 is AUD 2,030,150, with 62% of the plan being deferred[140]. Dividend Information - The company declared a final cash dividend of approximately AUD 687 million, equivalent to AUD 0.52 per share, to be paid on April 30, 2025[4]. - The final dividend is fully tax-exempt income for shareholders[5]. - The board declared a fully franked final dividend of AUD 429 million, equating to AUD 0.3250 per share, payable on April 30, 2024[26]. Production and Operational Performance - Yancoal Australia produced 36.9 million tonnes of saleable coal in 2024, within the guidance range of 35.0 to 39.0 million tonnes[22]. - The cash operating cost for 2024 was AUD 93 per tonne, also within the guidance range of AUD 89 to AUD 97 per tonne, with a significant improvement to AUD 86 per tonne in the second half of the year[22]. - The company achieved a coal production target of 36.9 million tons for 2024, with cash operating costs at AUD 93 per ton[89]. - The total raw coal production is expected to increase by 4% from 60.2 million tons in 2023 to 62.7 million tons in 2024, with significant increases in production from the Yarrabee and Ashton mines[171]. - The company reported a 21% increase in raw coal production, reaching 43,928,044 tons in the 2023/2024 fiscal year compared to 36,440,860 tons in the previous year[191]. Corporate Governance and Compliance - The company’s financial report complies with the disclosure requirements of the Hong Kong Stock Exchange[3]. - Yancoal Australia is committed to high standards of corporate disclosure and transparency, ensuring timely communication with shareholders[27]. - The company has confirmed compliance with the conditions and requirements set by the Hong Kong Stock Exchange for the period from January 1, 2024, to December 31, 2024[31]. - The company has established governance processes to enhance sustainability performance, focusing on risk management related to social and environmental factors, including climate change[196]. Executive Compensation - The total cash compensation for the CEO, David James Moult, in 2024 is AUD 1,837,332, which includes a short-term incentive of AUD 1,223,800[147]. - The total cash compensation for the Executive Director, Yue Ning, in 2024 is AUD 536,334, with a short-term incentive of AUD 370,550[147]. - The total cash compensation for the CFO, Su Ning, in 2024 is AUD 589,335, including a short-term incentive of AUD 435,800[147]. - The total remuneration for all executives in 2024 amounts to AUD 2,963,001, reflecting a 61% performance-related component[147]. - The company has a competitive executive compensation framework aimed at attracting and retaining top talent, with a focus on aligning pay with shareholder performance[94]. Safety and Environmental Initiatives - The rolling Total Recordable Injury Frequency Rate (TRIFR) for the year was 6.7, below the industry average of 9.0[90]. - The company is committed to improving safety through initiatives like the "Yancoal Safety Every Day" program and a mental health program, which has reached its fourth phase[182]. - Total Scope 1 and Scope 2 emissions increased by 6%, totaling 2,086,402 tons of CO2 equivalent, up from 1,969,116 tons in the previous fiscal year[191]. - The company is actively researching emission reduction technologies to lower the number of required Australian Carbon Credit Units (ACCUs)[186]. Strategic Outlook - The future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by market expansion strategies[67]. - The company is actively pursuing partnerships to expand its market presence in Asia-Pacific regions, aiming for a 20% increase in market share by 2026[67]. - Strategic acquisitions are planned, targeting companies that enhance operational efficiency and market reach, with an estimated investment of AUD 50 million[67]. Market and Customer Insights - Revenue from coal sales in 2024 is expected to be significantly influenced by demand from customers in China, Japan, Taiwan, and South Korea, which accounted for approximately 86% of sales[164]. - The company is actively seeking to expand its customer base and explore new markets to mitigate the impact of market fluctuations[167].
兖煤澳大利亚(03668) - 2024 - 年度业绩