SCIE(SH:600546)2016-04-28 16:00Financial Performance - In 2015, the company's operating revenue was approximately CNY 39.59 billion, a decrease of 37.39% compared to CNY 63.24 billion in 2014[17]. - The net profit attributable to shareholders was a loss of approximately CNY 2.33 billion, compared to a loss of CNY 1.71 billion in 2014[17]. - The basic earnings per share for 2015 was -1.20 CNY, down from -0.87 CNY in 2014[18]. - The total operating revenue for 2015 was CNY 39.59 billion, a decrease of 37.5% from CNY 63.24 billion in the previous year[186]. - The net loss for 2015 was CNY 2.26 billion, compared to a net loss of CNY 1.59 billion in 2014, representing an increase in loss of 42.0%[186]. - The total comprehensive loss for the year was CNY -2.26 billion, compared to CNY -1.59 billion in the previous year, indicating a worsening overall financial position[187]. - The company reported a total revenue of 1.2 billion CNY for the year 2015, representing a year-on-year increase of 15%[148]. - The net profit attributable to shareholders was 200 million CNY, up 10% compared to the previous year[148]. Assets and Liabilities - The total assets at the end of 2015 were approximately CNY 50.49 billion, an increase of 5.63% from CNY 47.80 billion in 2014[17]. - Total liabilities reached CNY 43.70 billion, compared to CNY 38.53 billion, which is an increase of about 13.5%[181]. - The company's equity attributable to shareholders decreased to CNY 3.74 billion from CNY 6.18 billion, a decline of approximately 39.5%[182]. - Current assets rose to CNY 26.83 billion, up from CNY 25.37 billion, indicating an increase of about 5.8%[181]. - Total assets increased to CNY 50.49 billion from CNY 47.80 billion, representing a growth of approximately 5.4% year-over-year[181]. Cash Flow - The cash flow from operating activities was approximately CNY 580.50 million, a decrease of 41.48% compared to CNY 991.96 million in 2014[17]. - The net cash flow from operating activities decreased by 4.1 billion RMB, a decline of 41.48% due to reduced cash inflow from coal sales[59]. - Cash flow from investing activities showed a net outflow of CNY 817.01 million, an improvement from a net outflow of CNY 1.17 billion in the previous year[194]. - Cash flow from financing activities generated a net inflow of CNY 1.70 billion, compared to a net outflow of CNY 61.14 million in the previous year[194]. - The company’s cash inflow from operating activities was significantly impacted by a decrease in sales revenue, indicating potential challenges in market demand[192]. Production and Operations - The company's coal production volume was 19.53 million tons, an increase of 2.53 million tons, representing a year-on-year growth of 14.88%[37]. - The coal mining business generated operating revenue of CNY 3.795 billion, a year-on-year decrease of 14.60%[37]. - The company maintained a stable production operation despite the challenging coal market conditions[35]. - The production cost of raw coal was controlled below 150 RMB per ton, a reduction of 36%[40]. - The company achieved a coal production volume of 19.53 million tons, an increase of 2.53 million tons year-on-year, setting a new historical high[63]. Risk Management - The company faced significant market and safety risks, which were detailed in the risk factors section of the report[5]. - The company is committed to risk control and aims to achieve a good start for the 13th Five-Year Plan[81]. - The company faces risks from market fluctuations, with potential impacts on coal sales and prices due to economic slowdown and overcapacity[89]. Research and Development - Research and development expenditure was 639.38 million RMB, a decrease of 30.55% year-on-year[47]. - The company has allocated 100 million CNY for research and development in new technologies for cleaner coal production[148]. - The company plans to invest in technology research and development to reduce environmental pollution and enhance sustainable operations[90]. Legal and Compliance - The company is involved in ongoing litigation, including a lawsuit with a claim amount of 19,779.24 thousand RMB against Baotou New Hope Coal Industry Co., Ltd.[102]. - The company has reported ongoing litigation that may impact its financial position and operational strategy moving forward[110]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and effective internal control[160]. Shareholder and Corporate Governance - The company emphasizes cash dividends, aiming to distribute at least 10% of the annual distributable profit in cash, with a cumulative distribution of at least 30% over the last three years[93]. - The total number of ordinary shareholders at the end of the reporting period is 89,316, a decrease from 89,953 at the end of the previous month[133]. - The largest shareholder, Shanxi Coal Import and Export Group Co., Ltd., holds 1,138,532,430 shares, representing 57.43% of the total shares[134]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for the reporting period, indicating a focus on reinvestment[98]. Future Outlook - The company plans to innovate business models and strengthen cost management to navigate the challenging coal industry environment in 2016[80]. - The company aims to maintain coal production at 20 million tons and achieve operating revenue of 50 billion yuan in 2016[87]. - Future guidance estimates a revenue growth of 12% for 2016, with a projected net profit of 220 million CNY[148].