HYMD(SH:600971)2014-04-15 16:00Financial Performance - The company's operating revenue for 2013 was approximately ¥8.14 billion, a decrease of 10.93% compared to ¥9.14 billion in 2012[17]. - Net profit attributable to shareholders for 2013 was approximately ¥309.31 million, down 58.85% from ¥751.69 million in 2012[17]. - Basic earnings per share for 2013 were ¥0.31, a decline of 58.67% from ¥0.75 in 2012[17]. - The total profit for the year was 403 million RMB, down 58.21% compared to the previous year, with earnings per share of 0.31 RMB, a decline of 58.67%[20]. - The revenue from the coal segment was ¥7,430,362,081.95, with a gross margin of 15.54%, reflecting a decrease of 11.45% in revenue compared to the previous year[34]. - Total operating revenue decreased to ¥8,259,742,127.50 from ¥9,245,857,798.69, a decline of approximately 10.6% year-over-year[131]. - Operating profit fell to ¥359,163,545.59, down 62.2% from ¥950,439,933.13 in the previous period[131]. - Net profit decreased to ¥291,139,451.91, representing a 62.9% decline compared to ¥783,348,560.38 from the prior year[131]. Cash Flow - The net cash flow from operating activities for 2013 was approximately ¥621.88 million, a decrease of 59.01% compared to ¥1.52 billion in 2012[17]. - The net cash flow from operating activities decreased by ¥89,536,600 in 2013 compared to 2012, primarily due to a decline in coal prices and cash income[31]. - Cash flow from operating activities generated ¥454,422,754.60, down 65.4% from ¥1,312,416,917.75[137]. - Cash inflow from financing activities resulted in a net inflow of ¥346,766,250.70, reversing from a net outflow of ¥110,203,351.23 last year[137]. - The ending cash and cash equivalents balance is CNY 951,988,638.37, up from CNY 724,833,344.34 in the previous period[140]. Assets and Liabilities - The company's total assets at the end of 2013 were approximately ¥13.37 billion, a slight decrease of 0.65% from ¥13.45 billion in 2012[17]. - The company's total assets at the end of the reporting period were 13.366 billion RMB, a decrease of 0.65% from the beginning of the year, while net assets increased by 1.46% to 6.967 billion RMB[20]. - Total liabilities decreased from CNY 6,115,881,830.06 at the beginning of the year to CNY 5,851,079,128.37 at year-end, a reduction of approximately 4.3%[120]. - Current liabilities decreased from CNY 4,410,938,388.03 to CNY 3,911,468,788.34, representing a decline of about 11.3%[120]. - Long-term borrowings increased from CNY 907,000,000.00 to CNY 1,151,000,000.00, an increase of approximately 27%[120]. Shareholder Information - The company plans to distribute a cash dividend of ¥1.00 per 10 shares to all shareholders based on the total share capital of 1,000,004,070 shares at the end of 2013[5]. - The largest shareholder, Anhui Wanbei Coal and Electricity Group Co., Ltd., holds 59.96% of the shares, totaling 599,615,741 shares[75]. - The total number of shareholders as of the reporting date is 64,345, an increase from 61,724 in the previous period[75]. - The company has not faced any penalties or administrative actions from the China Securities Regulatory Commission during the year[69]. Operational Efficiency - The company implemented strict cost control measures, resulting in a 5.08% reduction in operating costs to 6.738 billion RMB[24]. - The company focused on optimizing production efficiency and introduced new technologies to enhance safety and productivity[22]. - The company aims to enhance safety management and operational efficiency to combat industry challenges in 2014[50]. - The company has established a mechanism to control costs by linking pricing to cost management, aiming to reduce expenses across various operational areas[55]. Research and Development - Research and development expenses amounted to 264.59 million RMB, a decrease of 6.85% from the previous year[24]. - The total R&D expenses for the period amounted to ¥264,590,633.40, representing 3.70% of net assets and 3.25% of operating revenue[31]. - The company has allocated 200 million CNY for research and development in the upcoming year[85]. Market Conditions - The coal market is expected to remain oversupplied, with continued high levels of coal imports and pressure on domestic coal prices[48]. - The coal industry is experiencing a downturn due to macroeconomic slowdowns and increased competition from imported coal, leading to overcapacity and declining sales prices[54]. - To address industry challenges, the company plans to optimize production layouts and processes, adjust product structures, and enhance coal sales market expansion[55]. Governance and Compliance - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring effective operation and information disclosure[100]. - The audit report issued by Lixin Certified Public Accountants confirmed that the financial statements fairly represent the company's financial position as of December 31, 2013[114]. - No significant accounting errors or omissions were reported during the financial disclosure period, ensuring the integrity of the annual report[109]. Employee Information - The company employed a total of 26,984 staff, with 24,389 in production, 181 in sales, 1,487 in technical roles, 173 in finance, and 754 in administration[94]. - The company has a total of 2,991 retired employees for whom it bears expenses[94]. - The total remuneration for the board members and senior management during the reporting period amounted to approximately 4.4015 million RMB[82].