中国神华(01088) - 2024 - 年度财报

Financial Performance - In 2024, China Shenhua Energy Company Limited achieved a total revenue of 338,375 million RMB, a decrease of 1.4% compared to 343,074 million RMB in 2023[19]. - The net profit attributable to the owners of the company for 2024 was 62,421 million RMB, down 3.4% from 64,625 million RMB in 2023[19]. - Basic earnings per share for 2024 were 3.142 RMB, reflecting a decline of 3.4% from 3.253 RMB in 2023[19]. - The comprehensive market value of the company at the end of 2024 was 822.1 billion RMB[29]. - The company reported a pre-tax profit of 90,206 million RMB for 2024, a decrease of 2.8% compared to 2023's 92,776 million RMB[50]. - The total revenue for 2024 was 343.1 billion yuan, reflecting a decrease of 1.4% from 2023[46]. - The company reported a total of 5,633 million in coal chemical revenue for 2024, down from 6,098 million in 2023, reflecting a decline of 7.6%[50]. - The total revenue from coal sales in 2024 was 258.815 billion RMB, a decrease of 1.7% from 262.868 billion RMB in 2023, with a gross profit margin of 31.9%, down from 34.4%[152]. Operational Highlights - The company achieved a year-on-year increase in coal production and sales, exceeding the annual coal production plan[30]. - In 2024, the total coal production reached 327.1 million tons, a slight increase of 0.8% compared to 2023[47]. - The total electricity generation in 2024 was 223.21 billion kilowatt-hours, an increase of 5.2% from 2023[47]. - The total coal throughput at self-owned ports increased by 7.9% to 214.6 million tons in 2024, compared to 198.9 million tons in 2023[51]. - The company produced 3.271 million tons of commodity coal in 2024, exceeding the target of 3.161 million tons by 103.5%[61]. - The total electricity sales volume for 2024 reached 210.28 billion kWh, accounting for 2.1% of the total social electricity consumption of 98,521 billion kWh[161]. Investment and Capital Expenditures - The company plans to invest 96.81 billion yuan in coal business capital expenditures for 2025, compared to 125.87 billion yuan completed in 2024[48]. - The company plans to continue expanding its mining operations and has allocated 11.457 billion RMB for capital expenditures related to mining rights and infrastructure projects in 2024[143]. - The company has allocated $500 million for research and development in renewable energy technologies over the next three years[56]. Debt and Financial Stability - The company has a total debt-to-asset ratio that reflects its financial stability, although specific figures are not disclosed in the provided content[11]. - The total liabilities at the end of 2024 were 154,116 million RMB, an increase of 1.6% from 151,761 million RMB in 2023[19]. - The company’s financial costs decreased due to the optimization of debt structure and financing model, leading to a reduction in interest expenses[105]. Environmental and Social Responsibility - The report includes a detailed section on the company's environmental and social responsibilities, highlighting its commitment to sustainable practices[6]. - The company has established 14 national-level green mines and 7 provincial-level green mines, with a green mine proportion of 84%[32]. - The company is committed to accelerating the transition to green and low-carbon development, focusing on clean and efficient coal utilization[40]. Governance and Risk Management - The independent auditor's report issued by KPMG confirms that the financial statements for 2024 are prepared in accordance with international financial reporting standards and are free from material misstatements[5]. - The board of directors emphasizes the importance of risk awareness regarding safety, compliance, project management, market competition, investment, integrated operations, policy, and international operations[5]. - The board meeting was attended by 8 directors, with 7 present in person, indicating strong governance practices[5]. Market and Competitive Position - The company plans to expand its market presence by entering three new provinces, aiming for a 20% increase in market share by 2025[56]. - The company has been recognized as a pioneer in ESG practices, ranking first among energy sector listed companies in brand value at 224.6 billion yuan[37]. - The company aims to optimize its investment strategy and enhance growth momentum through various coal resource acquisition channels[40].