Financial Performance - In Q1 2024, the company achieved operating revenue of RMB 39.63 billion, a decrease of RMB 10.38 billion or 20.8% year-on-year[2]. - Net profit attributable to shareholders was RMB 3.76 billion, down RMB 2.70 billion or 41.9% compared to the same period last year[3]. - The basic earnings per share decreased to RMB 0.51, a decline of 40.73% year-on-year[3]. - Total operating revenue for Q1 2024 was 39,633,384 thousand RMB, a decrease of 20.7% compared to 50,017,358 thousand RMB in Q1 2023[34]. - Operating profit for Q1 2024 was 7,003,567 thousand RMB, a decline of 39.4% compared to 11,549,185 thousand RMB in Q1 2023[34]. - Net profit for Q1 2024 was 5,397,427 thousand RMB, down 45.7% from 9,623,965 thousand RMB in Q1 2023[34]. - Total comprehensive income attributable to shareholders of the parent company was CNY 2,754,127 thousand, down from CNY 5,954,827 thousand, a decrease of about 54%[35]. - Net profit attributable to shareholders of the parent company decreased to CNY 3,756,802 thousand from CNY 6,460,863 thousand, representing a decline of approximately 42%[35]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 5.47 billion, showing a slight increase of 0.45% compared to the previous year[3]. - Cash flow from operating activities generated a net amount of CNY 5,468,499 thousand, slightly up from CNY 5,444,021 thousand, indicating stable operational cash flow[37]. - Cash received from sales of goods and services was CNY 42,093,349 thousand, down from CNY 57,586,034 thousand, reflecting a decrease of approximately 27%[37]. - Cash flow from investing activities resulted in a net outflow of CNY 3,927,691 thousand, compared to a net outflow of CNY 4,275,665 thousand in the previous year, showing an improvement[38]. - Cash flow from financing activities generated a net inflow of CNY 3,744,242 thousand, significantly higher than the previous year's net inflow of CNY 311,875 thousand[38]. - The total cash and cash equivalents at the end of the period were CNY 35,376,728 thousand, down from CNY 61,951,887 thousand, a decrease of about 43%[38]. - The ending balance of cash and cash equivalents was RMB 6,128,138,000, compared to RMB 7,049,519,000 at the end of the first quarter of 2023[45]. - Cash inflow from financing activities totaled RMB 29,270,574,000, a significant increase from RMB 9,076,277,000 in the same period last year[45]. Assets and Liabilities - Total assets as of March 31, 2024, were RMB 361.66 billion, reflecting a 2.08% increase from the end of the previous year[3]. - Total assets increased to 361,658,025 thousand RMB in Q1 2024, up from 354,278,139 thousand RMB in Q1 2023[33]. - Total liabilities remained relatively stable at 235,914,948 thousand RMB in Q1 2024, compared to 235,944,455 thousand RMB in Q1 2023[33]. - The company's total liabilities decreased to RMB 135,406,197 from RMB 138,817,307, a reduction of 2.9%[40]. - Long-term borrowings increased to 63,207,075 thousand RMB in Q1 2024, up from 61,355,220 thousand RMB in Q1 2023[33]. - The company’s long-term borrowings increased to RMB 58,418,916 from RMB 44,433,570, reflecting a rise of 31.5%[40]. Production and Sales - In Q1 2024, the company's coal production reached 34,635 thousand tons, an increase of 15.43% compared to 30,005 thousand tons in Q1 2023[16]. - The total coal sales in Q1 2024 were 34,184 thousand tons, reflecting a growth of 7.11% from 31,915 thousand tons in the same period last year[16]. - The production of coal from the Yancoal Australia subsidiary increased significantly by 49.86%, reaching 8,792 thousand tons in Q1 2024[18]. - The Inner Mongolia Mining segment saw a remarkable increase in coal production by 136.06%, totaling 1,478 thousand tons in Q1 2024[18]. - The Tianchi Energy segment reported a 45.34% increase in coal production, amounting to 303 thousand tons in Q1 2024[18]. - The overall operational performance indicates a positive trend in coal business despite challenges in electricity generation[16]. - In Q1 2024, the company sold 34.18 million tons of coal, an increase of 2.27 million tons or 7.1% year-on-year[20]. - The coal business revenue for Q1 2024 was 24.854 billion yuan, a decrease of 7.939 billion yuan or 24.2% year-on-year[20]. Shareholder Information - As of March 31, 2024, the total number of common shareholders is 91,784, with Shandong Energy Group Co., Ltd. holding 3,376,658,070 shares, representing 45.39% of the total shares[9]. - Shandong Energy Group also holds 161,387,138 shares as collateral, while its total direct and indirect holdings amount to 4,059,141,570 shares, accounting for 54.56% of the total share capital[10]. - The top ten shareholders collectively hold significant stakes, with the second-largest being Hong Kong Central Clearing Limited, which holds 2,846,767,107 shares, or 38.27%[9]. - The company has a diverse shareholder base, with various institutional investors holding shares, including social security funds and insurance companies[10]. - The company continues to monitor shareholder dynamics and potential strategic actions related to its equity structure[12]. Strategic Initiatives - The company plans to acquire 90% of Guotuo Technology for approximately 143 million RMB, with the acquisition process currently underway[29]. - The acquisition of a 41.3027% stake in Dongping Logistics is set to cost up to 6,329.6 million USD, with regulatory procedures in progress[30]. - The company is focusing on expanding its coal chemical business, with specific operational details to be reported in future updates[24]. - The company plans to enhance its market presence through strategic initiatives and potential acquisitions in the coal sector[24].
兖矿能源(01171) - 2024 Q1 - 季度业绩