2016-04-29 16:00Financial Performance - Net profit attributable to shareholders was RMB 4,607 million, a decrease of 21.4% year-on-year[7] - The company reported a basic earnings per share of RMB 0.232, down 21.4% compared to RMB 0.295 in the same period last year[7] - Total operating revenue for Q1 2016 was 39,402 million RMB, a decrease of 4.3% from 41,292 million RMB in the previous period[43] - Operating profit for Q1 2016 was 8,918 million RMB, down 11.0% from 10,017 million RMB in the previous period[43] - The total profit for Q1 2016 was RMB 8,807 million, down 12.6% from RMB 10,081 million in the same period last year[18] - The net profit attributable to shareholders for Q1 2016 was RMB 4,607 million, reflecting a decline of 21.4% from RMB 5,859 million in Q1 2015[18] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 556,239 million, an increase of 0.4% compared to the end of the previous year[7] - Total liabilities decreased to 190,879 million RMB from 195,808 million RMB at the beginning of the year, reflecting a reduction of 2.0%[36] - The company's total equity rose to 365,360 million RMB from 358,157 million RMB, an increase of 2.0%[36] - Long-term borrowings increased by 8.5% to RMB 58,808 million as of March 31, 2016, compared to RMB 54,179 million at the end of 2015[21] Cash Flow - Operating cash flow increased by 45.2% to RMB 15,225 million compared to RMB 10,482 million in the same period last year[7] - The company's cash flow from operating activities for Q1 2016 was RMB 15,225 million, a 45.2% increase compared to RMB 10,482 million in Q1 2015[21] - Cash inflow from financing activities was RMB 8,100 million, down from RMB 23,266 million, primarily due to reduced bond issuance[48] - Net cash flow from financing activities was negative RMB 1,926 million, compared to positive RMB 5,181 million in the previous period[48] Sales and Production - Coal sales volume reached 92.5 million tons, representing a significant increase of 27.1% year-on-year[13] - Total electricity generation was 54.90 billion kWh, up 4.2% from 52.69 billion kWh in the previous year[13] - The coal segment's revenue for Q1 2016 was RMB 25,962 million, down 4.3% from RMB 27,130 million in Q1 2015, primarily due to a decrease in coal sales prices[22] - The average selling price of self-produced coal decreased to RMB 267.9 per ton in Q1 2016, down 18.5% from RMB 328.8 per ton in Q1 2015[23] Shareholder Information - The total number of shareholders at the end of the reporting period was not disclosed, but the report includes details on the top ten shareholders[14] - The number of shareholders reached 224,020, with 221,632 being A-share registered shareholders[15] - The largest shareholder, Shenhua Group, held 73.06% of the shares, totaling 14,530,574,452 shares[15] Management and Expenses - Management expenses increased by 9.5% to RMB 4,368 million in Q1 2016, primarily due to increased repair costs in railway operations[20] - Financial expenses rose by 50.1% to RMB 1,253 million, attributed to exchange losses from yen borrowings and reduced capitalized interest from new railway projects[20] - The average income tax rate for Q1 2016 was 25.5%, an increase of 3.4 percentage points from 22.1% in Q1 2015[20] Market Conditions - The coal industry is expected to gradually achieve a balance between supply and demand as the government implements supply-side reforms, with a planned exit of 500 million tons of coal capacity[31] - National coal production decreased by 5.3% year-on-year to 810 million tons, while coal imports fell by 1.2% to 48.5 million tons[30] - Total electricity consumption in China was 1,352.4 billion kWh, reflecting a year-on-year growth of 3.2%[30]