SHCI(601225)2022-04-27 16:00Financial Performance - The company's operating revenue reached 152.3 billion yuan, a year-on-year growth of 60.17%[6] - The net profit attributable to shareholders was 21.14 billion yuan, up 42.26% compared to the previous year[6] - The proposed cash dividend is 13.50 yuan per 10 shares, totaling 13.088 billion yuan, which accounts for 61.91% of the net profit attributable to shareholders[3] - The company's total assets increased by 24.32% to CNY 18,540,732.85 million in 2021 from CNY 14,913,185.74 million in 2020[14] - Operating revenue surged by 60.17% to CNY 15,226,642.32 million in 2021 compared to CNY 9,506,275.29 million in 2020[14] - Net profit attributable to shareholders rose by 42.26% to CNY 2,113,968.79 million in 2021 from CNY 1,486,010.80 million in 2020[14] - The company reported a net cash flow from operating activities of CNY 5,112,089.48 million, an increase of 141.75% from CNY 2,114,653.66 million in 2020[15] - The weighted average return on equity increased by 4.09 percentage points to 27.24% in 2021 from 23.15% in 2020[15] - The company reported a net profit of 2.05 billion yuan after deducting non-recurring gains and losses, representing a 125.21% increase year-on-year[22] - The company maintained a debt-to-asset ratio of 38.18%, a decrease of 1.60% from the previous year, indicating improved financial stability[22] - The company’s EBITDA to total debt ratio improved to 0.70, a 33.86% increase from the previous year, reflecting enhanced operational efficiency[22] - The company reported a gross margin of 35.84%, an increase of 8.44 percentage points year-on-year[36] Production and Sales - In 2021, the company achieved a coal production of 136 million tons, representing a year-on-year increase of 8.39%[6] - The company’s coal sales volume was 230.58 million tons, a decrease of 4.56% year-on-year, with railway transport volume down by 10.17%[29] - The average selling price of coal was 601.59 yuan per ton, an increase of 238.14 yuan per ton, or 65.52% year-on-year[32] - The company's coal business revenue was 144.53 billion yuan, accounting for 94.92% of total revenue, with a year-on-year growth of 57.03%[34] - The total sales volume for the reporting period was 230.5775 million tons, a decrease of 4.56% year-on-year[41] - The total profit reached 40.69 billion yuan, up by 16.73 billion yuan, or 69.84% year-on-year[32] - The average selling price of self-produced coal was 583.58 yuan/ton, an increase of 236.17 yuan/ton year-on-year[38] - Trade coal sales revenue was 60.345 billion yuan, an increase of 15.555 billion yuan year-on-year, with sales volume of 96.2884 million tons, down by 21.4447 million tons[39] - The average selling price of trade coal was 626.71 yuan/ton, an increase of 246.39 yuan/ton year-on-year[39] - The revenue from raw coal sales was 115.198 billion yuan, an increase of 36.353 billion yuan year-on-year, with sales volume of 193.4893 million tons, down by 25.1217 million tons[40] - The average selling price of raw coal was 595.37 yuan/ton, an increase of 234.77 yuan/ton year-on-year[40] Investment and Assets - The company has a coal reserve of 1.49 billion tons and a recoverable reserve of 860 million tons, with a recoverable lifespan exceeding 70 years[5] - The company has increased its production capacity by 6 million tons per year following approvals for four mining projects[7] - The company’s equity investment amount at the end of 2021 was CNY 12.455 billion, an increase of CNY 3.113 billion from the previous year[55] - The total assets at the end of the reporting period were 18.54 billion yuan, with cash and cash equivalents amounting to 53.97 billion yuan, representing 29.11% of total assets[51] - The company’s total liabilities at the end of the reporting period were 21.83 billion yuan, with short-term borrowings decreasing by 69.79% to 50 million yuan[51] Research and Development - The company filed for 200 patents in 2021, with 9 achievements reaching international leading levels[12] - Research and development expenses increased by 41.91% to 136.21 million yuan[33] - Total research and development investment amounted to 543.76 million yuan, accounting for 0.36% of operating revenue, with capitalized R&D investment making up 74.95% of the total[46] - The company plans to strengthen research and innovation by establishing a technology management information platform and promoting the transformation of technological achievements[65] Safety and Environmental Initiatives - The company has implemented a comprehensive safety management system, achieving zero major safety production accidents during the reporting period[24] - The company is focused on green mining initiatives, aiming to meet "dual carbon" goals and enhance environmental restoration efforts[65] - The company aims to enhance safety production management by implementing a dual prevention mechanism and conducting thorough inspections to mitigate risks associated with mining disasters[68] Strategic Goals and Market Position - The company is focusing on digital transformation and the development of smart logistics and retail systems to enhance market competitiveness[8] - The company aims to create a world-class enterprise by enhancing its intelligent mining and smart mining area construction[6] - The company is strategically positioned in the "Golden Triangle" of energy resources in China, enhancing its market coverage across economically developed regions[12] - The company is optimizing its investment strategy in line with national carbon neutrality goals, targeting high-quality assets in new energy and new materials sectors[9] - The company anticipates facing macroeconomic fluctuations, market risks related to coal price volatility, and potential changes in industrial policies[68][67] - The company will optimize its investment strategy to foster new industries such as renewable energy and new materials[66] - The company emphasizes the importance of a robust financial management system to enhance operational efficiency and decision-making[66] Community and Social Responsibility - The company invested 4.87 million yuan in poverty alleviation efforts, supporting projects equivalent to 52.39 million yuan in cash[28] - The company has established 10 green mines, with 8 at the national level and 2 at the provincial level, achieving over 50% inclusion rate[28]