2014-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 15,102,662,000, a 40.21% increase year-on-year[9] - Net profit attributable to shareholders of the parent company decreased by 44.90% to CNY 264,830,000[9] - Basic earnings per share fell by 44.93% to CNY 0.0538[9] - The weighted average return on equity decreased by 0.40 percentage points to 0.67%[9] - Total operating costs were RMB 15,144,783, up 49.9% from RMB 10,097,734 year-over-year[51] - Net profit attributable to shareholders of the parent company decreased to RMB 264,830, down 44.9% from RMB 480,623 in the previous year[51] - Yanzhou Coal Mining Co., Ltd. achieved operating revenue of RMB 10,089,089, a 39.5% increase from RMB 7,216,504 year-over-year[54] - The company reported a net profit of RMB 529,492, down 39.5% from RMB 875,624 in the previous year[54] Cash Flow and Liquidity - Net cash flow from operating activities improved to -CNY 747,074,000, compared to -CNY 1,993,219,000 in the same period last year[9] - Cash and cash equivalents as of March 31, 2014, amounted to CNY 24.028 billion, an increase of CNY 8.5181 billion or 54.9% from the beginning of the year, primarily due to the issuance of CNY 5 billion corporate bonds and CNY 5 billion short-term financing bonds[28] - The company reported a net cash outflow from operating activities of CNY 747.074 million in Q1 2014, a decrease of 62.52% compared to CNY 1.9932 billion in Q1 2013[31] - Cash inflow from financing activities was RMB 11,953,819, significantly higher than RMB 4,493,821 in the last year, marking a 166.5% increase[57] - The company experienced a net increase in cash and cash equivalents of RMB 6,714,900, compared to a decrease of RMB 1,783,595 in the previous year[57] Assets and Liabilities - Total assets increased by 9.38% to CNY 137,494,181,000 compared to the end of the previous year[8] - Current assets rose to RMB 41,510,807 thousand, up from RMB 31,335,515 thousand, marking an increase of about 32.4%[44] - Total liabilities grew to RMB 93,290,836 thousand, compared to RMB 83,142,427 thousand, indicating an increase of around 12.9%[46] - Shareholders' equity reached RMB 44,203,345 thousand, up from RMB 42,557,047 thousand, which is an increase of about 3.9%[46] - Short-term borrowings rose to CNY 5.0395 billion, an increase of CNY 1.5269 billion or 43.5% from the beginning of the year, reflecting a rise in short-term debt[28] Production and Sales - In Q1 2014, the company's raw coal production reached 17,599 thousand tons, an increase of 5.13% compared to Q1 2013[16] - The company sold 26,694 thousand tons of commodity coal in Q1 2014, representing a significant increase of 55.01% year-over-year[16] - The average selling price of commodity coal in Q1 2014 was 522.45 yuan per ton, down from 582.88 yuan per ton in Q1 2013[20] - The company's electricity generation in Q1 2014 was 30,041 million kWh, a decrease of 9.01% from 33,015 million kWh in Q1 2013[16] - The sales volume of electricity in Q1 2014 was 16,347 million kWh, down 27.34% from 22,498 million kWh in the same period last year[16] Investments and Future Plans - The company plans to continue optimizing production systems to reduce costs and improve efficiency in future operations[22] - The company plans to purchase bank wealth management products totaling 4.9 billion RMB from five banks[36] - The company is involved in ongoing arbitration with Shanxi Jinhui Coal Chemical Co., Ltd. regarding a contract dispute, claiming compensation of 798.8 million RMB[33] Shareholder Information - The total number of shareholders reached 100,739[11] - Yanzhou Coal Mining Group Co., Ltd. holds 52.86% of the shares, totaling 2,600,000,000 shares[12] - The company’s H shares are significantly held by foreign entities, with Hong Kong Central Clearing Limited holding 39.63%[12]