中煤能源(601898) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue rose by 42.8% to CNY 17,864,765,000 year-on-year[6] - Net profit attributable to shareholders was CNY 1,170,967,000, a significant recovery from a loss of CNY 223,082,000 in the same period last year[6] - The weighted average return on equity increased by 1.62 percentage points to 1.35%[6] - The company reported a basic earnings per share of CNY 0.088, recovering from a loss of CNY 0.017 per share in the same period last year[6] - Net profit for Q1 2017 was RMB 1,839,878,000, representing a significant increase of 1,395.3% from a net loss of RMB 142,045,000 in Q1 2016, driven by higher coal sales prices[18] - The total profit for Q1 2017 was RMB 2,415,209,000, compared to a loss of RMB 177,556,000 in Q1 2016, marking a 1,460.3% increase[18] - Total comprehensive income for Q1 2017 was RMB 1,849,732,000, a substantial increase from a loss of RMB 163,605,000 in Q1 2016[18] - The net profit attributable to the parent company was CNY 1,170,967 thousand, compared to a loss of CNY 223,082 thousand in the previous period[52] Cash Flow - The net cash flow from operating activities was CNY 2,240,172,000, a significant improvement from a negative cash flow of CNY 1,014,013,000 in the previous year[6] - Cash flow from operating activities generated a net inflow of CNY 2,240,172 thousand, compared to an outflow of CNY 1,014,013 thousand in the previous period[60] - The company's operating cash flow for Q1 2017 was CNY 370,284 thousand, a significant improvement from a negative cash flow of CNY -757,343 thousand in the same period last year[63] - The total cash inflow from investment activities was CNY 1,535,907 thousand, slightly lower than CNY 1,550,000 thousand in the previous year[63] - The company reported a net cash outflow from investing activities of CNY -32,512 thousand, an improvement from CNY -940,643 thousand in the previous year[61] - Cash inflow from financing activities amounted to CNY 5,599,000 thousand, up from CNY 3,497,445 thousand in the same period last year[61] - The net cash flow from financing activities was CNY 72,078 thousand, a recovery from a negative cash flow of CNY -1,503,071 thousand in the previous year[61] Production and Sales - Coal production decreased by 6.0% to 1,926,000 tons, while coal sales fell by 8.4% to 2,787,000 tons[9] - Polypropylene production increased by 5.9% to 9,000 tons, but sales dropped by 22.7% to 6,800 tons[9] - Urea production decreased by 5.2% to 52,900 tons, with sales down 32.6% to 52,400 tons[9] - The company's coal sales volume decreased by 6.5% to 1,879,000 tons in Q1 2017, while the average selling price increased by 83.5% to RMB 510 per ton[22] - The sales volume of olefins decreased by 2.3 million tons to 15.5 million tons, with a sales price increase of 22.7% to RMB 7,928 per ton[27] - The sales volume of urea decreased by 25.3 million tons to 52.4 million tons, with a sales price decrease of 32.6% to RMB 1,382 per ton[28] Assets and Liabilities - Total assets increased by 0.7% to CNY 243,635,970,000 compared to the end of the previous year[6] - Current liabilities decreased to CNY 60.73 billion from CNY 61.42 billion, a reduction of 1.13%[43] - Non-current liabilities increased to CNY 78.85 billion from CNY 78.47 billion, an increase of 0.48%[44] - Total liabilities decreased slightly to CNY 139.58 billion from CNY 139.89 billion, a decrease of 0.22%[44] - Owner's equity increased to CNY 104.05 billion from CNY 101.96 billion, a growth of 2.15%[44] - Cash and cash equivalents rose to CNY 7.41 billion from CNY 6.21 billion, an increase of 19.36%[47] - Accounts receivable decreased to CNY 3.34 billion from CNY 3.41 billion, a decline of 2.02%[47] - Inventory decreased significantly to CNY 575.38 million from CNY 900.80 million, a drop of 36.05%[47] Costs and Expenses - The total operating costs for the current period were CNY 15,690,139 thousand, an increase of 23.5% from CNY 12,754,253 thousand in the previous period[52] - The unit sales cost of self-produced commodity coal increased to RMB 194.69 per ton, up 39.2% from RMB 139.82 per ton in the same period last year[24] - The unit material cost increased by 10.1% to RMB 44.33 per ton, while unit labor cost rose by 9.8% to RMB 27.89 per ton[27] - The unit cost of other expenses surged by 219.4% to RMB 52.77 per ton, primarily due to reduced use of special funds[25] - The total sales cost of olefins was RMB 7.93 billion, an increase of RMB 1.56 billion compared to RMB 6.37 billion in the same period last year[30] Strategic Outlook - The company anticipates stable production and sales growth, aiming for steady profit increases in the next reporting period[38] - The company plans to maintain a reasonable coal price range amid stable economic growth in China[38] - The company appointed a new Chief Financial Officer on January 22, 2017, to enhance financial management[30]