2016-10-28 16:00Financial Performance - Net profit attributable to shareholders increased by 0.7% to RMB 17,307 million year-on-year[6] - For the first nine months of 2016, the company's operating revenue was RMB 124,803 million, a decrease of 7.4% compared to RMB 134,814 million in the same period of 2015[15] - The total profit for the same period was RMB 30,676 million, down 0.8% from RMB 30,916 million in 2015[15] - The company achieved a basic earnings per share of RMB 0.870, up 0.7% from the previous year[6] - The gross profit margin improved to 18.7% in the first nine months of 2016, up from 17.9% in the previous year, despite a decrease in revenue[25] - The company reported a gross profit margin of 27.5% for the first nine months, compared to 22.5% in the same period last year[53] Cash Flow and Assets - Operating cash flow increased significantly by 67.9% to RMB 62,174 million for the period[4] - The company reported a significant increase in net cash flow from operating activities, excluding the impact of Shenhua Financial Company, which rose by 120.5% to RMB 71,453 million[4] - As of September 30, 2016, cash and cash equivalents increased by 71.8% to RMB 82,213 million compared to RMB 47,850 million in December 2015, attributed to increased cash collections[17] - The ending balance of cash and cash equivalents increased to RMB 73,332 million, up from RMB 47,049 million, representing a growth of 55.8%[60] - Cash inflow from sales of goods and services was RMB 29,660 million, slightly down from RMB 30,140 million in the previous year[63] - Net cash flow from operating activities for the parent company was RMB 9,953 million, a significant increase from RMB 2,853 million year-on-year[63] Production and Sales - Coal production for the first nine months reached 213.3 million tons, a year-on-year increase of 1.3%[8] - The sales volume of self-produced coal decreased by 2.6% to 215.1 million tons[8] - The total sales volume of coal increased by 3.3% to 288.2 million tons for the first nine months[8] - The total coal sales volume for Q3 2016 was 101.9 million tons, with an average selling price of RMB 305 per ton, reflecting a 10.9% increase in price compared to Q3 2015[22] - For the first nine months of 2016, total coal sales volume reached 288.2 million tons, with an average selling price of RMB 283 per ton, showing a 6.0% decrease in price year-over-year[23] Operating Costs and Expenses - Operating costs decreased by 11.1% to RMB 73,457 million, primarily due to lower production costs of self-produced coal and decreased transportation costs[15] - The financial expenses increased by 20.3% to RMB 3,952 million, attributed to increased interest expenses and foreign exchange losses from yen borrowings[15] - The company reported a significant reduction in asset impairment losses, down 93.7% to RMB 25 million compared to RMB 397 million in the previous year[15] - The investment income decreased by 54.2% to RMB 201 million, due to reduced earnings from joint venture power companies[15] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 207,187, with the top ten shareholders holding 73.06% of the shares[12] - The largest shareholder, Shenhua Group, held 14,530,574,452 shares, representing 73.06% of the total shares[12] Market and Economic Conditions - From January to September, the national raw coal production reached 2.46 billion tons, a year-on-year decrease of 10.5%[38] - The total coal consumption in the country was 2.84 billion tons, down 2.4% year-on-year, while coal consumption in the power industry saw a rapid increase in Q3[38] - The government has initiated measures to stabilize coal supply and prevent rapid price increases, releasing part of the advanced capacity from October 1 to December 31, 2016[38] - In October, the domestic coal market saw strong supply and demand, leading to continuous price increases[38] - The overall supply and demand in Q4 is expected to be strong, with a gradual stabilization of the market[38]