中煤能源(601898) - 2015 Q1 - 季度财报

Financial Performance - Operating revenue decreased by 22.44% to CNY 13.08 million from CNY 16.86 million year-on-year[5] - Net profit attributable to shareholders dropped by 97.19% to CNY 15.14 thousand from CNY 538.16 thousand in the same period last year[5] - The total profit decreased by 87.5% to RMB 118,765,000, influenced by market conditions affecting sales scale and profitability[20] - In Q1 2015, the company's net profit decreased by 88.1% to RMB 82,945,000 compared to RMB 698,694,000 in Q1 2014, primarily due to a decline in sales volume and profitability[20] - The company reported a significant decrease in comprehensive income, down 90.0% to RMB 70,450,000, impacted by reduced net profit and foreign currency translation adjustments[20] - Basic and diluted earnings per share decreased by 97.50% to CNY 0.001 per share[5] - Operating profit was RMB 30,470, significantly down from RMB 941,623, indicating a decrease of approximately 96.8% year-over-year[48] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 4.21 million, compared to a net outflow of CNY 4.09 million in the previous year[5] - Cash flow from operating activities showed a net outflow of RMB 4,207,910, compared to a net outflow of RMB 4,086,601 in the previous period[53] - The company reported a net cash flow decrease of -2,360,937 thousand RMB for the quarter, compared to -5,351,342 thousand RMB in the same quarter last year[56] - Cash flow from operating activities showed a significant decline, with cash received from sales dropping to 4,207,813 thousand RMB from 8,629,536 thousand RMB[56] - The ending cash and cash equivalents balance was 7,638,548 thousand RMB, a decrease from 1,663,318 thousand RMB year-over-year[57] Production and Sales - Coal production decreased by 31.5% to 2.05 million tons, with thermal coal production down by 35.0% to 1.85 million tons[8] - Sales volume of coal fell by 27.3% to 2.42 million tons, with self-produced coal sales down by 37.6% to 1.67 million tons[8] - In Q1 2015, total sales volume decreased by 37.6% to 1,665,000 tons compared to Q1 2014, with sales price per ton dropping by 13.5% to 347 RMB[24] - Domestic sales of thermal coal fell by 39.3% to 1,524,000 tons, while the average selling price decreased by 13.3% to 333 RMB per ton[24] - Methanol sales volume increased to 17.2 million tons, with a selling price of 1,320 RMB per ton, reflecting a 364.9% increase in sales volume year-on-year[30] - Urea sales volume reached 49.0 million tons, with a selling price of 1,821 RMB per ton, marking a 920.8% increase in sales volume compared to the previous year[30] Costs and Expenses - Sales expenses dropped by 37.4% to RMB 2,010,875,000, attributed to a decrease in coal sales volume and related freight and port costs[19] - Financial expenses increased by 89.5% to RMB 733,409,000, mainly due to the capitalization of interest on debt and the increase in interest-bearing liabilities[19] - The unit sales cost of self-produced coal was 194.05 RMB per ton, down 4.4% from 202.91 RMB per ton in the same period last year[27] - Material costs increased by 9.3% to 48.79 RMB per ton, primarily due to a decrease in self-produced coal output[28] - The company reported a 51.5% decrease in the cost of purchased raw coal to 9.10 RMB per ton, attributed to lower purchase prices and reduced sales volume[27] Assets and Liabilities - Total assets increased by 0.65% to CNY 244.28 billion compared to the end of the previous year[5] - The company's current assets totaled 55,874,891 thousand RMB, slightly up from 55,780,939 thousand RMB at the start of the year[39] - Non-current assets reached 188,403,664 thousand RMB, compared to 186,925,363 thousand RMB at the beginning of the year[40] - Total liabilities were reported at 141,492,551 thousand RMB, an increase from 140,001,338 thousand RMB at the beginning of the year[41] - The company's equity attributable to shareholders was 86,737,680 thousand RMB, showing a slight increase from 86,717,506 thousand RMB at the start of the year[41] - The company’s inventory increased to 9,742,985 thousand RMB from 8,622,473 thousand RMB at the beginning of the year[39] Dividends and Shareholder Information - The company proposed a cash dividend of 0.024 RMB per share, totaling 319,787,400 RMB, which is 30% of the distributable profit of 1,065,958,000 RMB for 2014[36] - The total number of shareholders reached 253,326 at the end of the reporting period[12] Future Outlook - The company expects a significant decline in net profit for the first half of 2015 compared to the same period last year due to ongoing decreases in coal prices[35]