中国神华(01088) - 2022 - 年度业绩

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 344.53 billion, an increase of RMB 8.89 billion (2.6%) compared to 2021[1]. - The profit attributable to the owners of the company for 2022 was RMB 72.90 billion, an increase of RMB 21.48 billion (41.8%) from 2021[1]. - Basic earnings per share for the year were RMB 3.669[4]. - Gross profit for the year was RMB 117.91 billion, compared to RMB 95.84 billion in 2021[3]. - The total comprehensive income for the year was RMB 86.80 billion, up from RMB 60.97 billion in 2021[4]. - Operating profit before tax for the year was RMB 99,654 million, up 26.2% from RMB 78,945 million in the previous year[9]. - The pre-tax profit for 2022 reached RMB 99,654 million, up from RMB 78,945 million in 2021, indicating a growth of about 26.2%[24]. - The net profit for the year was 85.357 billion yuan, representing a significant increase of 40.4% from 60.784 billion yuan in 2021[50]. - The total revenue for 2022 was RMB 423,067 million, a slight increase from RMB 416,394 million in 2021, representing a growth of approximately 1.6%[24]. Dividends and Shareholder Returns - The board proposed a final cash dividend of RMB 2.55 per share (tax included), totaling RMB 50.67 billion (tax included)[1]. - The proposed final cash dividend for the year ended December 31, 2022, is RMB 50,665 million, or RMB 2.55 per share, compared to RMB 50,466 million, or RMB 2.54 per share in 2021[38]. - The company plans to distribute at least 60% of the net profit attributable to shareholders in cash annually from 2022 to 2024, in accordance with the approved policy[156]. - The total distributable profit for shareholders as of December 31, 2022, under Chinese accounting standards was CNY 195,903 million[158]. Assets and Liabilities - Non-current assets totaled RMB 414.13 billion as of December 31, 2022, compared to RMB 402.06 billion in 2021[5]. - Current assets amounted to RMB 211.05 billion, slightly up from RMB 208.31 billion in 2021[6]. - The company's net assets increased to RMB 462.72 billion from RMB 448.99 billion in 2021[6]. - Total equity reached RMB 449,221 million, a slight decrease of 0.05% from RMB 448,996 million[7]. - The company's total liabilities increased significantly, with a repayment of borrowings amounting to RMB 36,424 million in 2022, compared to RMB 21,741 million in 2021[12]. Cash Flow - Net cash inflow from operating activities was RMB 109,734 million, an increase of 16.3% compared to RMB 94,350 million in the prior year[10]. - The company reported a net cash outflow from financing activities of RMB 78,734 million, compared to RMB 43,731 million in the previous year[12]. - The total cash and cash equivalents at the end of 2022 were RMB 131,458 million, down from RMB 156,706 million at the end of 2021[12]. - The net cash outflow from investing activities was 56,585 million, a significant increase of 754.9% from 6,619 million in 2021, mainly due to increased fixed asset expenditures[76]. Revenue Breakdown - Revenue from coal sales in 2022 was RMB 256,241 million, compared to RMB 252,481 million in 2021, indicating a growth of about 1.5%[18]. - Power generation revenue increased to RMB 84,341 million in 2022 from RMB 64,383 million in 2021, representing a significant growth of approximately 31%[18]. - Railway revenue for 2022 was RMB 13,423 million, up from RMB 6,838 million in 2021, marking an increase of around 96%[18]. - The revenue from coal chemical products in 2022 was RMB 6,379 million, consistent with the previous year's figure of RMB 5,851 million, showing a growth of about 9%[18]. - Shipping revenue rose to RMB 2,126 million in 2022 from RMB 1,321 million in 2021, reflecting an increase of approximately 61%[18]. - Port revenue for 2022 was RMB 1,959 million, compared to RMB 982 million in 2021, indicating a growth of around 99%[18]. Research and Development - Research and development expenses increased to RMB 3.72 billion from RMB 2.50 billion in 2021, reflecting a focus on innovation[3]. - The company’s total R&D investment reached 5,404 million in 2022, a significant increase of 61.5% from 3,347 million in 2021, representing 1.6% of total revenue[74]. - The company has invested in 105,500 kW of photovoltaic projects, contributing to its carbon peak and carbon neutrality goals[46]. Operational Efficiency and Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and revenue growth[17]. - The company aims to enhance its integrated industrial chain competitive advantage and is advancing key projects such as the new wells and coal mine expansions[49]. - The company is committed to green development and is implementing a carbon peak action plan, focusing on renewable energy and energy storage projects[49]. - The company plans to enhance its collaboration with local governments and enterprises to promote stable and sustainable growth in new energy sectors[139]. Governance and Compliance - The company has established corporate governance policies in compliance with the Hong Kong Listing Rules and has adhered to most best practice recommendations[166]. - The company will strengthen project management to mitigate risks related to construction delays and safety incidents, ensuring effective oversight of project progress[150]. - The company has committed to ensuring the fairness of related transaction prices and compliance with relevant regulations during the acquisition process[184]. Future Outlook - The company aims for a 10% increase in unit production costs for self-produced coal in 2023, compared to a 10.9% increase in 2022[140]. - The expected electricity generation for 2023 is 203.9 billion kWh, which is a 6.6% increase from 191.28 billion kWh in 2022[140]. - The coal sales volume target for 2023 is 435.8 million tons, reflecting a 4.3% increase from 2022[140].