SLSVC(SH:600123)2024-08-30 09:13Financial Performance - The company's operating revenue for the first half of 2024 was CNY 5,476,883,169.36, a decrease of 15.33% compared to CNY 6,468,777,361.51 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 551,626,855.69, down 59.50% from CNY 1,361,873,931.22 year-on-year[13]. - The net cash flow from operating activities was CNY 630,825,572.46, a decline of 43.91% compared to CNY 1,124,590,821.72 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was CNY 554,176,370.68, down 58.54% from CNY 1,336,671,834.65 in the same period last year[13]. - Basic earnings per share for the first half of 2024 was CNY 0.3714, a decrease of 59.50% compared to CNY 0.9170 in the same period last year[14]. - The company achieved a total profit of CNY 700 million, down 61.90% compared to the previous year[24]. - The total profit for the first half of 2024 was CNY 700,281,238.21, a decline of 61.9% compared to CNY 1,838,172,378.82 in the previous year[93]. - The company reported a decrease in investment income from joint ventures and associates to CNY 55,179,271.07 from CNY 187,115,305.22[93]. Production and Sales - The company produced 7.0561 million tons of coal in the first half of 2024, representing a year-on-year increase of 9.34%[19]. - Coal sales reached 5.7585 million tons, up 1.66% from 5.6647 million tons in the previous year[19]. - The average selling price of coal decreased by 19.24% to CNY 636.99 per ton[25]. - The production of urea was 478,100 tons, a decrease of 2.25% year-on-year[20]. - The production of caprolactam increased by 16.77% to 56,400 tons in the first half of 2024[21]. Assets and Liabilities - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 16,125,367,508.94, a decrease of 3.11% from CNY 16,642,667,165.52 at the end of the previous year[13]. - Total assets increased by 1.29% to CNY 31,335,117,939.52 from CNY 30,937,298,162.19 at the end of the previous year[13]. - The company's total liabilities increased to approximately ¥10,920,588,204.61 from ¥11,482,801,348.92 at the end of the previous year[98]. - The company's total assets reached approximately ¥31.34 billion, compared to ¥30.94 billion at the end of the previous year[90]. Cash Flow and Financing - The company's cash and cash equivalents at the end of the reporting period were ¥6,250,727,405.18, representing 19.95% of total assets, an increase of 13.33% from the previous year[28]. - Short-term borrowings increased by 31.02% to ¥2,675,000,000.00 from ¥2,041,631,068.00 year-on-year[28]. - The company's total interest-bearing debt increased from 78.02 billion RMB at the beginning of the reporting period to 87.63 billion RMB at the end, representing a year-on-year growth of 12.32%[81]. - The company maintained a loan repayment rate of 100% during the reporting period[87]. Environmental Compliance - The company has highlighted potential risks related to safety production, environmental protection, and market changes in its management discussion and analysis section[2]. - The company has implemented environmental protection measures in compliance with local regulations[40]. - The company reported zero actual emissions exceeding the permitted limits for the first half of 2024[42]. - The company has established a total of 7 wastewater discharge outlets, with all wastewater being reused without external discharge[40]. - The company has completed the elimination of coal-fired boilers below 10t/h at four coal mines, transitioning to cleaner heating solutions[54]. Management and Governance - The company appointed Liu Haishan as the new general manager and Zheng Bin as the new deputy general manager, reflecting changes in senior management[37]. - The company has appointed several new senior management personnel, including deputy general managers and chief engineers[38]. - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[2]. - The report has not been audited, and the management has confirmed the accuracy and completeness of the financial report[2]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 49,827[70]. - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 669,942,000 shares, accounting for 45.11% of the total shares[71]. - The company reported no changes in the controlling shareholder or actual controller during the reporting period[76]. - There were no share buybacks or changes in voting rights among the top shareholders[71]. Research and Development - Research and development expenses fell by 43.26% to ¥11,692,724.57 from ¥20,608,821.70 year-on-year[27]. - The company reported a significant decrease in research and development expenses to CNY 11,692,724.57 from CNY 20,608,821.70, indicating a potential shift in investment strategy[93]. Community Engagement - The company has established partnerships with 8 units and villages to support poverty alleviation and rural revitalization efforts[62]. - The company has committed to purchasing products from assisted villages to promote income growth for farmers[62]. - The company has allocated special funds to improve basic infrastructure in assisted villages, enhancing the living environment[63].