2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 4.9% to RMB 11,633 million from RMB 12,235 million year-on-year[6]. - Operating revenue rose by 3.1% to RMB 62,979 million compared to RMB 61,062 million in the same period last year[6]. - Total profit for Q1 2018 was RMB 17,482 million, a decrease of 1.1% compared to RMB 17,685 million in the same period last year[14]. - Net profit attributable to shareholders was RMB 11,633 million, down 4.9% from RMB 12,235 million in Q1 2017[14]. - The company's operating costs increased by 6.3% to RMB 37,723 million, primarily due to rising costs of purchased coal and increased sales volume[15]. - Gross profit decreased to 13,630 million RMB, down 10.4% from 15,218 million RMB in the same period last year[21]. - The gross margin fell to 27.9%, a decline of 3.3 percentage points from 31.2% in Q1 2017[21]. - Basic earnings per share for Q1 2018 were RMB 0.585, down from RMB 0.615 in the same period last year[45]. - Total comprehensive income for the current period is 3,146 million RMB, a decrease of 26.4% from 4,276 million RMB in the previous period[48]. Cash Flow and Assets - Cash flow from operating activities decreased significantly by 52.7% to RMB 11,810 million from RMB 24,983 million year-on-year[6]. - Cash flow from operating activities generated a net amount of 11,810 million RMB, down 52.7% from 24,983 million RMB in the previous period[51]. - Cash and cash equivalents rose to RMB 85,616 million, up from RMB 81,090 million, indicating a growth of 6.21%[36]. - Cash and cash equivalents at the end of the period totaled 76,757 million RMB, a decrease from 82,237 million RMB in the previous period[52]. - The company has maintained a strong cash position with a beginning cash balance of 71,872 million RMB, despite the decrease in cash equivalents[52]. Production and Sales - Coal production volume decreased by 7.6% to 72.1 million tons compared to 78.0 million tons in the same period last year[11]. - The company reported a decrease in coal sales volume by 4.3% to 108.4 million tons compared to 113.3 million tons in the same period last year[11]. - The coal sales volume in Q1 2018 was 108.4 million tons, a decrease of 4.3% from 113.3 million tons in Q1 2017[20]. - The average selling price of coal increased by 4.8% to RMB 440 per ton in Q1 2018, compared to RMB 420 per ton in the same period last year[20]. - Total electricity generation increased by 11.0% to 66.50 billion kWh from 59.90 billion kWh year-on-year[11]. - The company reported a 15.6% increase in electricity sales revenue to 20,885 million RMB, driven by higher sales volume and average selling prices[29]. Assets and Liabilities - Total assets increased by 1.2% to RMB 573,655 million compared to the end of the previous year[6]. - Current assets increased to RMB 143,110 million from RMB 132,644 million, representing an increase of 7.67%[36]. - Total liabilities decreased to RMB 184,131 million from RMB 192,497 million, a reduction of 4.31%[37]. - The total equity attributable to shareholders of the parent company increased to RMB 313,652 million from RMB 301,487 million, reflecting a growth of 4.06%[37]. Strategic Plans - The company plans to continue focusing on coal production and electricity generation to enhance operational efficiency[11]. - The company plans to maintain a stable coal supply and demand balance in the second half of 2018, with seasonal fluctuations expected in coal demand[30]. - The company approved several strategic agreements, including a joint venture with China Energy Investment Corporation, to enhance competitive positioning[31]. - The company plans to enhance financial risk management, leading to a reduction in financial assets measured at fair value[17]. Investment and Financial Management - The company reported a significant decrease in investment income, down 87.2% to RMB 49 million due to reduced returns from financial products[15]. - The company reported a decrease in investment income to 441 million RMB, down from 848 million RMB in the previous period[48]. - The company's receivables increased by 8.2% to RMB 14,413 million, reflecting higher coal business receivables[17]. - The company reported a decrease in financial expenses to RMB 868 million from RMB 1,028 million, a reduction of 15.59%[44].