2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 1.0% to RMB 35.278 billion[9] - Operating revenue for the first nine months rose by 6.3% to RMB 194.084 billion[7] - Basic earnings per share decreased by 1.0% to RMB 1.774[9] - The company reported a total profit of RMB 55.952 billion for the first nine months, an increase of 4.2% year-on-year[7] - The total profit for the same period was RMB 55,952 million, reflecting a 4.2% increase from RMB 53,705 million in 2017[15] - The net profit attributable to shareholders was RMB 35,278 million, showing a slight decline of 1.0% from RMB 35,649 million in the previous year[15] - Net profit for the first nine months of 2018 was RMB 7,865 million, down 69.0% from RMB 25,429 million in the same period last year[57] - Net profit attributable to shareholders for the third quarter was RMB 12,301 million, up 8.5% from RMB 11,334 million in the same quarter last year[55] Revenue and Sales - Total coal production for Q3 2018 was 74.2 million tons, a 6.6% increase year-on-year[12] - Total electricity generation for Q3 2018 was 80.07 billion kWh, up 7.3% from the same period last year[12] - The total sales volume of coal in the first nine months of 2018 was 340.0 million tons, a 3.6% increase from 328.3 million tons in the same period of 2017[23] - The average selling price of coal for the first nine months of 2018 was RMB 431 per ton, up 2.1% from RMB 422 per ton in 2017[23] - The railway segment reported a revenue of RMB 29,191 million for the first nine months of 2018, a 4.4% increase from RMB 27,959 million in 2017[35] - The shipping segment's revenue increased by 31.9% to RMB 3,037 million in the first nine months of 2018, driven by rising shipping prices and increased cargo volume[38] Assets and Liabilities - Total assets increased by 5.8% to RMB 599.831 billion compared to the end of the previous year[7] - The company's asset-liability ratio as of September 30, 2018, was 33.1%, down 0.8 percentage points from 33.9% at the end of 2017[15] - The total liabilities of the company were RMB 198.282 billion, compared to RMB 192.497 billion at the beginning of the year, reflecting a slight increase of 3.9%[48] - The company's long-term borrowings decreased by 17.0% to RMB 53,355 million from RMB 64,321 million in the previous period[18] - The company's total equity attributable to shareholders rose to RMB 320.929 billion from RMB 301.487 billion, an increase of 6.5%[48] Cash Flow - Cash flow from operating activities decreased by 19.1% to RMB 67.822 billion[7] - The net cash flow from operating activities for the first nine months of 2018 was RMB 67,822 million, down 19.1% from RMB 83,814 million in 2017[20] - Cash flow from investing activities for the first nine months of 2018 was RMB (13,897) million, a significant decrease of 173.1% compared to RMB 19,018 million in 2017[20] - Cash inflow from investment activities totaled RMB 26,712 million, significantly down from RMB 136,158 million in the previous year, representing a decrease of 80.3%[65] - Cash paid for investments was RMB 14,591 million, down from RMB 58,057 million in the same period last year, indicating a reduction of 74.8%[65] Operational Efficiency - The average utilization hours for power generation in Q3 2018 were 1,368 hours, up from 1,305 hours in Q3 2017, indicating improved operational efficiency[27] - The unit production cost of self-produced coal for the first nine months of 2018 was RMB 111.0 per ton, an increase of 3.9% from RMB 106.8 per ton in 2017[26] - The average selling cost of electricity decreased by 1.4% to RMB 253.7 per MWh in the first nine months of 2018, down from RMB 257.4 per MWh in 2017[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 187,276, with the largest shareholder, China Energy Investment Corporation, holding 73.06% of the shares[14] - The company has no plans to declare or pay quarterly dividends, including cash distributions[45] Research and Development - Research and development expenses for the first three quarters were RMB 235 million, compared to RMB 172 million in the same period last year, indicating a 36.6% increase[54] - Research and development expenses for the first nine months were RMB 140 million, an increase of 48.9% from RMB 94 million in the same period last year[57] Miscellaneous - The company completed the merger conditions with the State Energy Group, which will not change the controlling shareholder or actual controller[43] - The company reported a significant increase in cash flow from operating activities, contributing to a stronger liquidity position[54] - The company incurred a total operating cost of RMB 19,591 million for the first nine months, a slight decrease from RMB 19,649 million in the same period last year[57]