山西焦煤(000983) - 2014 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2014 was ¥12,252,715,839.82, a decrease of 19.79% compared to ¥15,275,195,170.11 in the same period last year[19]. - The net profit attributable to shareholders was ¥372,926,778.65, down 58.30% from ¥894,287,666.97 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥365,973,312.55, reflecting a decline of 58.63% compared to ¥884,552,211.60 in the previous year[19]. - The basic earnings per share decreased to ¥0.1183, down 58.32% from ¥0.2838 in the same period last year[19]. - The company reported a revenue of CNY 12.25 billion for the first half of 2014, a decrease of 19.79% compared to the same period last year[25]. - Net profit attributable to the parent company was CNY 373 million, down 58.30% year-on-year, with earnings per share at CNY 0.1183[25]. - The company reported a total revenue of 4,388,669,300 for the first half of 2014, with a net profit of -744,872,270, indicating a significant loss compared to the previous period[50]. - The company’s subsidiary, Shanxi Xishan Coal and Electricity Co., Ltd., achieved a revenue of 1,718,460,000, but also reported a loss of 744,872,270 during the same period[50]. - The company’s subsidiary, Shanxi Coking Coal Group Co., Ltd., reported a revenue of 9,296,504,900, with a net profit of 2,832,417,000[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥47,030,826,557.95, an increase of 1.88% from ¥46,162,167,690.29 at the end of the previous year[19]. - The total assets of the company at the end of the reporting period amount to 6,485,919,000.00 CNY, reflecting a significant increase compared to the previous year[127]. - The total liabilities decreased to RMB 14,441,552,634.77 from RMB 15,000,000,000, showing a reduction of approximately 3.71%[99]. - The total liabilities of the company at the end of the reporting period are not explicitly stated but are implied to be lower than total assets, indicating a healthy balance sheet[128]. Cash Flow - The net cash flow from operating activities was ¥1,544,687,881.26, a slight decrease of 1.28% compared to ¥1,564,762,480.25 in the same period last year[19]. - The company achieved a cash flow from operating activities of CNY 1.54 billion, a slight decrease of 1.28% year-on-year[32]. - Cash flow from investing activities resulted in a net outflow of CNY 752,544,740.96, compared to a net outflow of CNY 652,272,019.70 previously[113]. - Cash flow from financing activities showed a net outflow of CNY 515,421,856.81, improving from a net outflow of CNY 1,228,088,429.91 in the previous period[113]. Investments and Expenses - Research and development expenses were CNY 99.72 million, a decrease of 2.53% compared to CNY 102.31 million in the previous year[32]. - The company’s investment in external equity was CNY 78.4 million, a significant decrease of 89.55% from CNY 750 million in the previous year[38]. - The company reported an investment income of CNY 13,504,735.96, up from CNY 12,196,585.51, showing an increase of 10.7%[106]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - The company’s cash dividend policy was approved, distributing 0.10 RMB per 10 shares to shareholders, based on a total share capital of 315,120,000 shares[53]. - The total number of ordinary shareholders at the end of the reporting period is 247,585[84]. - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., holds 54.40% of the shares, totaling 1,714,215,108 shares[85]. Compliance and Governance - The company maintains compliance with corporate governance standards as per the Company Law and relevant regulations[58]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[87]. - There were no penalties or rectifications during the reporting period[77]. Operational Performance - Coal production for the first half of 2014 was 13.69 million tons, a decrease of 10.64% from 15.32 million tons in the same period of 2013[26]. - The average selling price of commodity coal decreased by 18.07% to CNY 495.68 per ton compared to CNY 604.99 per ton in the previous year[31]. - The company completed 45.1% of its annual coal production target of 30.36 million tons by the end of the reporting period[34]. - The company’s total sales volume of commodity coal was 12.83 million tons, down 10.53% from 14.34 million tons in the same period last year[26]. Related Party Transactions - The company engaged in significant related party transactions, with a total of 41,507.53 million yuan from engineering services[62]. - The company engaged in transactions with its parent company, with total purchases of equipment at a market price of 10,061.71 million CNY[64]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission, ensuring the financial statements reflect a true and complete picture of its financial status[131]. - The company’s financial statements are prepared on a consolidated basis, including all subsidiaries, with adjustments made for any discrepancies in accounting policies or periods[139]. - The company recognizes cash and cash equivalents in the cash flow statement, including cash on hand and deposits that can be used for payments at any time[144].