SCIE(SH:600546)2014-05-23 16:00Financial Performance - In 2013, the company's operating revenue was CNY 81,328,562,626.03, a decrease of 14.76% compared to CNY 95,407,588,565.57 in 2012[24]. - The net profit attributable to shareholders was CNY 244,008,067.63, down 68.19% from CNY 767,143,635.91 in the previous year[24]. - The basic earnings per share decreased to CNY 0.12, a decline of 69.23% from CNY 0.39 in 2012[24]. - The total operating revenue for 2013 was CNY 81.33 billion, a decrease of 14.76% compared to CNY 95.41 billion in the previous year[38]. - The company reported a total profit of CNY 78.28 million for 2013, down 94.5% from CNY 1.38 billion in the previous year[189]. - The company reported a significant decline in net profit for its subsidiary, Shanxi Coal Import and Export Group, with a loss of CNY 10,363.31 million, indicating a challenging market environment[69]. - The company experienced a net loss of CNY 717,044,008.76, highlighting financial challenges faced during the year[199]. Assets and Liabilities - The total assets at the end of 2013 were CNY 46,047,756,293.44, an increase of 1.57% from CNY 45,337,885,191.91 in 2012[24]. - Total liabilities rose to CNY 35.23 billion, compared to CNY 34.54 billion, marking an increase of 1.99%[181]. - Owner's equity reached CNY 10.82 billion, slightly up from CNY 10.80 billion, indicating a growth of 0.18%[181]. - The company’s cash and cash equivalents decreased by 12.66% to CNY 2,649,806,178.36, accounting for 5.75% of total assets[52]. - The company’s accounts receivable increased by 79.53% to CNY 2,432,722,385.97, representing 5.28% of total assets[52]. Cash Flow - The cash flow from operating activities was CNY 1,154,139,191.89, compared to a negative cash flow of CNY -639,576,178.02 in 2012[24]. - The net cash flow from operating activities increased by 1.794 billion RMB, attributed to improved sales collection management and reduced cash purchases[47]. - The total cash inflow from financing activities amounted to 16,594,017,154.31 RMB, compared to 14,758,995,063.30 RMB in the previous year, indicating a 12.4% increase[197]. - The cash flow from investment activities resulted in a net outflow of -1,012,451,369.26 RMB, compared to -4,136,747,726.64 RMB in the previous year, indicating a 75.6% improvement[196]. Production and Sales - The coal production volume was 13.3 million tons, an increase of 1.89 million tons, or 16.56% year-on-year[29]. - The coal trading business generated sales revenue of 51.19 billion yuan, with a trading volume of 12.3 million tons[29]. - Non-coal business sales revenue reached 23.24 billion yuan, accounting for 28.58% of total revenue[31]. - The company reduced its total cost of coal production to 266 yuan per ton, leading in the provincial coal industry[33]. - The coal production revenue decreased by 3.29% year-on-year, while coal trading revenue saw a significant decline of 33.15%[39]. Research and Development - The company invested CNY 67.74 million in research and development, reflecting a 9.57% increase from CNY 61.82 million in the previous year[38]. - The company is conducting research on mine pressure monitoring technology with an investment of ¥2,756,107.79 aimed at reducing costs and improving economic efficiency[44]. - The company completed research on rapid excavation technology for underground working faces, with an investment of ¥6,384,871.84 to enhance production efficiency and ensure worker safety[44]. Safety and Compliance - The company maintained zero major injuries or accidents in mining operations throughout the year, ensuring safe production[35]. - The company emphasizes the importance of adhering to environmental regulations and has implemented pollution prevention measures across all production mines[88]. - The company has implemented various safety management measures, including risk pre-control management and dynamic inspections, to enhance safety standards[35]. Market Strategy and Outlook - The company is focusing on expanding its coal trading operations, with subsidiaries like Shanxi Coal International Group Tianjin reporting a revenue of CNY 121,472.94 million, up by 13,965.66 million from the previous year[69]. - The company plans to enhance its operational management and control costs while optimizing product and industrial structures to improve development quality[80]. - The company anticipates that the coal market will remain overall loose with localized supply-demand tensions in 2014[80]. Legal Matters - The company is involved in a significant lawsuit regarding the equity dispute of Shanxi Daping Coal Industry Co., with the plaintiff claiming a 90% investment right and seeking compensation of CNY 26 million[90]. - The company has ongoing litigation with Longtai Coal Chemical Co., where the plaintiff is owed a prepayment of CNY 40 million for coal supply, which has not been fulfilled[91]. - The ongoing legal disputes may affect the company's profitability and future financial performance, but exact impacts are currently indeterminate[91]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling CNY 99,122,807.00[6]. - The largest shareholder, Shanxi Coal Import and Export Group Co., Ltd., holds 57.43% of the shares, totaling 1,138,532,430 shares[123]. - The total number of shares increased to 1,982,456,140 after the capital reserve conversion and cash dividend distribution[118].