SHCI(SH:601225)2024-08-29 07:37Financial Performance - The net profit attributable to shareholders for the first half of 2024 reached CNY 10.556 billion, meeting the conditions for mid-term dividends[4]. - The proposed cash dividend is CNY 1.09 per 10 shares, totaling CNY 1.056 billion, which accounts for 10% of the net profit[4]. - The company's operating revenue for the first half of 2024 was CNY 8,473,672.32 million, a decrease of 6.54% compared to the same period last year[17]. - The net profit attributable to shareholders was CNY 1,055,590.29 million, down 8.83% year-on-year[17]. - The basic earnings per share for the first half of 2024 was CNY 1.09, a decrease of 8.40% from CNY 1.19 in the same period last year[18]. - The total profit was 21.128 billion RMB, down by 1.552 billion RMB or 6.84% year-on-year[36]. - The net profit attributable to shareholders was 10.556 billion RMB, a decrease of 1.023 billion RMB or 8.83% year-on-year[36]. - The company reported a net profit margin of approximately 25.0% for the first half of 2024, down from 28.5% in the same period last year[188]. - The net profit for the first half of 2024 is CNY 17,706,267,759.02, a decrease of 9.2% compared to CNY 19,506,926,444.41 in the same period of 2023[189]. - The total comprehensive income for the first half of 2024 is CNY 17,706,168,050.08, down from CNY 19,513,284,346.77 in the first half of 2023, reflecting a decrease of approximately 9.2%[190]. Operational Highlights - The company continues to focus on its core coal production and sales operations, with no mention of new product developments or market expansions in the report[12]. - The company achieved a coal production of 86.41 million tons in the first half of 2024, representing a year-on-year increase of 2.78%[24]. - Coal sales reached 131.55 million tons, up 2.29% compared to the same period last year[24]. - The company completed the acquisition of 100% equity in Shen Nan Mining, which has been included in the consolidated financial statements for the reporting period[18]. - The company has a coal reserve of 18.141 billion tons, with over 97% located in high-quality mining areas[21]. - The company has a certified production capacity of 162 million tons, with over 95% of its capacity located in key national coal bases[22]. - The company is expanding its market presence in regions such as Chongqing, Hunan, Hubei, and Jiangxi, enhancing its market share[21]. Risk Management - The company faces uncertainties in achieving its 2024 operational targets due to macroeconomic fluctuations and adjustments in coal and electricity supply and demand[7]. - There are no significant risks identified that could impact the company's financial performance in the near term[7]. - The report includes a forward-looking statement risk disclaimer, cautioning investors about potential investment risks[5]. - The company has established a comprehensive risk prevention system and enhanced its governance structure to improve operational efficiency[27]. - The company has established a structured risk management framework to address compliance and investment risks effectively[53]. Environmental Compliance - The company is committed to enhancing its compliance with environmental regulations, aligning with national carbon neutrality goals[53]. - The company is classified as a key pollutant discharge unit and is subject to environmental protection regulations[59]. - The company has upgraded its wastewater treatment facilities, with the living area treatment station designed to handle 800 m³/d and currently processing about 250 m³/d[60]. - The company has implemented a rainwater collection system with a capacity of 500 m³ at the Daba Temple Coal Mine[65]. - The company has upgraded its wastewater treatment processes to meet stricter environmental standards, including the installation of advanced filtration and purification systems[70]. Governance and Management - The board of directors confirmed that all members attended the meeting and approved the report, ensuring its authenticity and completeness[3]. - The report has not been audited, and the management has stated that the financial report is true, accurate, and complete[3]. - Recent management changes include the appointment of Zhao Wenge as the new General Manager, replacing Wang Shibin[55]. - The company has not reported any violations or penalties against its directors, supervisors, or senior management during the reporting period[160]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 47,717[176]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 6,315,825,200 shares, representing 65.15% of the total shares[176]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 333,262,902 shares, representing 3.44% of the total shares[176]. - The company has not reported any changes in major shareholders or strategic investors during the reporting period[179]. Financial Position - The total assets as of June 30, 2024, were ¥201,128,773,801.70, compared to ¥193,901,834,023.30 at the end of 2023, reflecting an increase of about 3.7%[183]. - The total current assets amounted to ¥52,903,803,907.91, an increase from ¥50,324,402,225.72 as of December 31, 2023, representing a growth of approximately 5.2%[182]. - The total liabilities at the end of the reporting period amount to 70,191,759,467.74[199]. - The total equity of the company at the end of the first half of 2024 is approximately RMB 28.82 billion, a decrease of RMB 7.59 billion compared to the previous period[200].