Financial Performance - The revenue for the year ended December 31, 2024, was RMB 189.40 billion, a decrease of RMB 3.57 billion (-1.9%) compared to 2023[4]. - The profit attributable to shareholders for 2024 was RMB 18.16 billion, down RMB 2.03 billion (-10.0%) from 2023[4]. - The basic earnings per share for 2024 were RMB 1.37, a decrease of RMB 0.15 from 2023[8]. - The EBITDA for 2024 was RMB 40.59 billion, a decrease of RMB 4.17 billion (-9.3%) compared to 2023[4]. - The company reported a total comprehensive income of RMB 23.36 billion for 2024, down from RMB 25.95 billion in 2023[8]. - The company’s operating profit for 2024 was RMB 30.15 billion, a decrease of RMB 3.36 billion (-10.0%) from 2023[6]. - The company reported a pre-tax profit of RMB 31,733,631 thousand for the year ended December 31, 2024, compared to RMB 35,222,872 thousand in 2023, indicating a decline of approximately 10.5%[24]. - The total profit for the year amounted to RMB 18,155,988,000[65]. - The company's gross profit fell by 3.661 billion CNY to 37.922 billion CNY, representing a decrease of 8.8% year-over-year[106]. - The operating profit decreased by 3.361 billion CNY to 30.153 billion CNY, a decline of 10.0% compared to the previous year[98]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to RMB 357.79 billion, an increase from RMB 349.16 billion in 2023[9]. - Total liabilities decreased slightly to RMB 165,765,797 thousand in 2024 from RMB 166,631,766 thousand in 2023, representing a decrease of approximately 0.52%[10]. - Current liabilities increased to RMB 102,175,945 thousand in 2024, up from RMB 98,157,965 thousand in 2023, marking an increase of about 3.06%[10]. - Non-current liabilities decreased to RMB 63,589,852 thousand in 2024 from RMB 68,473,801 thousand in 2023, a decrease of approximately 7.06%[10]. - Total equity increased to RMB 192,028,699 thousand in 2024 from RMB 182,523,561 thousand in 2023, an increase of approximately 5.51%[10]. - The company’s long-term borrowings decreased to RMB 40,345,761 thousand in 2024 from RMB 42,774,978 thousand in 2023, a decrease of approximately 5.68%[10]. - The company’s short-term borrowings increased significantly to RMB 1,115,460 thousand in 2024 from RMB 122,600 thousand in 2023, reflecting an increase of approximately 810.36%[10]. - The company’s total liabilities, including accounts payable and notes payable, are approximately RMB 27,040,702,000, closely approximating their fair value[61]. Revenue Breakdown - The domestic market revenue for 2024 was RMB 188,526,439 thousand, a slight decrease from RMB 190,834,157 thousand in 2023, representing a decline of approximately 1.2%[28]. - The coal segment's total revenue was RMB 160,711,645 thousand for the year ended December 31, 2024, compared to RMB 162,680,722 thousand in 2023, reflecting a decrease of about 1%[24]. - Revenue from coal chemical products sales was RMB 19,322,481 thousand in 2024, down from RMB 20,296,573 thousand in 2023, reflecting a decrease of about 4.8%[33][34]. - The revenue from coal mining equipment sales was RMB 8,882,460 thousand in 2024, compared to RMB 9,942,943 thousand in 2023, indicating a decline of approximately 10.7%[33][34]. - The coal business revenue was 160.712 billion CNY, down 1.2% from 162.681 billion CNY in the previous year[99]. Dividends and Earnings - The board proposed a final dividend of RMB 0.258 per share for the year 2024, subject to approval at the annual general meeting[4]. - The company declared a total cash dividend of RMB 10,288,723,000 for the year, compared to RMB 5,860,215,000 in 2023, marking an increase of approximately 75.0%[47]. - Basic earnings per share for 2024 were RMB 1.37, down from RMB 1.52 in 2023, indicating a decrease of approximately 9.9%[51]. Operational Highlights - The company produced 137.57 million tons of self-produced commercial coal, an increase of 3.35 million tons or 2.5% year-on-year[84]. - The sales volume of self-produced commercial coal reached 137.63 million tons, up 3.72 million tons or 2.8% year-on-year[84]. - The company achieved a net cash inflow from operating activities of RMB 34.1 billion[83]. - The company achieved a record coal production of 137.57 million tons, an increase of 2.5% from 2023's 134.22 million tons[168]. - The company maintained a leading coal mining efficiency of 34.6 tons per worker in 2024[168]. Strategic Initiatives - The company plans to enhance core competitiveness and focus on high-quality development, aiming to complete annual operational performance targets[91]. - The company is committed to advancing carbon reduction, pollution control, and green growth actions to improve industrial transformation capabilities[91]. - The company aims to deepen regional and professional reforms, enhancing internal motivation and management efficiency[91]. - The company is committed to innovation, increasing R&D investment, and enhancing digital management systems to support intelligent coal mine construction[192]. - The company is actively participating in international market competition, accelerating its globalization efforts through mergers and acquisitions[196].
中煤能源(01898) - 2024 - 年度业绩