2014-03-23 16:00Financial Performance - In 2013, the company sold 104 million tons of commodity coal and 600,000 tons of methanol, achieving a net profit attributable to shareholders of 1.2712 billion RMB[15]. - The total operating revenue for 2013 was 58,726,589 thousand yuan, a decrease of 1.59% from 2012[30]. - The net profit attributable to shareholders of the parent company in 2013 was 1,271,211 thousand yuan, down 76.29% from the previous year[30]. - The company achieved a total coal sales volume of 103,995 thousand tons in 2013, which is an increase of 10,169 thousand tons or 10.84% year-on-year[28]. - The methanol production reached 609 thousand tons, reflecting a growth of 37 thousand tons or 6.47% compared to 2012[28]. - The company reported a significant foreign exchange loss of CNY 1.686 billion, impacting net profit by CNY 1.387 billion[32]. - The company reported a year-end undistributed profit of RMB 27.92398 million, with a proposed cash dividend of RMB 0.02 per share for the 2013 fiscal year[146]. - The company reported a total of RMB 10.758 billion in non-public financing projects, with RMB 9.078 billion already invested[122]. Dividends and Share Capital - The company plans to distribute a cash dividend of 98.368 million RMB, equating to 0.02 RMB per share[3]. - The total share capital of the company is 4.9184 billion shares as of the end of the reporting period[15]. - The company proposed a cash dividend of CNY 98.368 million, translating to CNY 0.02 per share[39]. Production and Sales - In 2013, the company produced 73,800 thousand tons of raw coal, an increase of 5,136 thousand tons or 7.48% compared to 2012[28]. - The company primarily produces semi-hard coking coal, semi-soft coking coal, injection coal, and thermal coal, with customers in East, South, and North China, as well as Japan, South Korea, and Australia[17]. - The company achieved a coal sales volume increase of 290,055 thousand yuan due to higher sales volume, while the overall sales revenue was negatively impacted by price changes[56]. - The average selling price of coal decreased from 604.30 yuan/ton in 2012 to 523.53 yuan/ton in 2013, reflecting a decline of about 13.4%[58]. - The company plans to sell 105 million tons of coal in 2014, with specific targets for various subsidiaries and trade coal volume[42]. Costs and Expenses - The company's coal business sales cost for 2013 was 81.220 billion yuan, a reduction of 28.228 billion yuan or 25.8% year-on-year, with the cost per ton decreasing by 26.8% to 236.17 yuan[61]. - The company's operating costs increased by 0.28% to 45.611 billion yuan in 2013, compared to 45.486 billion yuan in 2012[80]. - The company reported a significant increase in financial expenses by 597.15% to 3.204 billion yuan in 2013, compared to 459.65 million yuan in 2012[75]. - The total sales cost of the company decreased by 282.28 million yuan or 25.79% compared to the previous year, with a coal sales cost of 236.17 yuan per ton, down 86.28 yuan or 26.76%[62]. Assets and Liabilities - Total assets increased to CNY 125.699 billion, a 4.10% increase from the previous year[31]. - Total liabilities rose to CNY 83.142 billion, reflecting a 13.69% increase year-over-year[31]. - The debt-to-asset ratio increased to 66.14%, up 5.58 percentage points from the previous year[34]. - The company's cash flow from operating activities decreased by 63.57% to 2.957 billion yuan in 2013, compared to 8.117 billion yuan in 2012[75]. Market Presence and Strategy - The company operates in multiple regions including Shandong, Shaanxi, Shanxi, Inner Mongolia, and Australia, focusing on coal, coal chemical, electricity, and potash mining[15]. - The company is the only coal enterprise in China with listed platforms in four locations domestically and internationally[15]. - The company is actively involved in acquisitions, including the purchase of Inner Mongolia Xintai Coal Mining Co., Ltd. and Australian Westfarmers Coal Mining Co., Ltd.[19]. - The company aims to strengthen marketing strategies by integrating resources and expanding sales channels, including international and domestic marketing strategies[43]. Environmental and Safety Management - The company has achieved 2,742 consecutive days of safe production, with a fatality rate of zero per million tons of raw coal produced as of the end of 2013[133]. - Environmental investments included CNY 1.093 billion in pollution control facilities, achieving a 100% compliance rate for emissions of CO2, mine water, smoke, and SO2[152]. - The company has established a comprehensive environmental emergency response plan to minimize the risk of pollution incidents[152]. Related Party Transactions - The total amount of related party transactions with the controlling shareholder in 2013 was 11,118.182 thousand yuan, with a year-end balance of 556.159 thousand yuan[189]. - The independent non-executive directors confirmed that all related party transactions in 2013 were conducted under normal commercial terms and did not exceed the approved transaction limits[186]. - The group’s ongoing related party transactions included agreements for material supply, labor services, and financial services, with specific transaction limits set for 2013[185].