Financial Performance - For Q1 2025, the company reported operating revenue of RMB 30.31 billion, a decrease of RMB 9.33 billion or 23.5% year-on-year[4]. - Net profit attributable to shareholders was RMB 2.71 billion, down RMB 1.05 billion or 27.9% compared to the same period last year[4]. - The net cash flow from operating activities was RMB 3.66 billion, reflecting a decline of 32.98% year-on-year[5]. - Basic earnings per share decreased by 31.31% to RMB 0.27, while diluted earnings per share also fell by 31.10%[5]. - Total operating revenue for Q1 2025 was CNY 30,311,901, a decrease of 23.5% compared to CNY 39,638,127 in Q1 2024[48]. - Net profit for Q1 2025 was CNY 3,751,850, a decline of 30.5% from CNY 5,399,189 in Q1 2024[49]. - Earnings per share for Q1 2025 were CNY 0.2699, compared to CNY 0.3929 in Q1 2024, reflecting a decrease of 31.2%[50]. - The company reported a net loss attributable to the parent company of RMB -222,580 thousand for Q1 2025, compared to a profit of RMB 739,077 thousand in Q1 2024, indicating a significant decline in profitability[63]. Assets and Liabilities - Total assets at the end of Q1 2025 were RMB 366.77 billion, representing a 2.29% increase from the end of the previous year[5]. - Current assets totaled 105.457 billion RMB as of March 31, 2025, compared to 97.355 billion RMB at the end of 2024, reflecting a growth of approximately 8.6%[42][43]. - Total liabilities stood at 229.549 billion RMB as of March 31, 2025, compared to 225.544 billion RMB at the end of 2024, indicating a slight increase[44]. - The company reported a total current liabilities of 120.391 billion RMB as of March 31, 2025, compared to 117.202 billion RMB at the end of 2024[44]. - The company's total liabilities decreased to 147,339,421 thousand RMB from 149,881,959 thousand RMB[59]. Shareholder Information - As of March 31, 2025, Shandong Energy Group Co., Ltd. holds 5,303,899,421 shares, representing 52.83% of the total share capital[17]. - The total number of ordinary shareholders at the end of the reporting period is 146,091[15]. - The top ten shareholders include Shandong Energy Group Co., Ltd. and Hong Kong Central Clearing Limited, holding 52.83% and 31.50% of shares respectively[15]. - The major shareholders do not include any other individuals outside of the company's directors or senior management[19]. - The total number of shareholders with voting rights restored for preferred shares is 0[15]. Production and Sales - In Q1 2025, the company's coal production reached 36,802 thousand tons, an increase of 6.26% compared to 34,635 thousand tons in Q1 2024[23]. - The total coal sales volume in Q1 2025 was 31,426 thousand tons, a decrease of 8.07% from 34,184 thousand tons in Q1 2024[23]. - The chemical products production in Q1 2025 was 2,414 thousand tons, up 11.59% from 2,164 thousand tons in Q1 2024[23]. - The electricity generation in Q1 2025 was 179,270 million kWh, down 8.79% from 196,551 million kWh in Q1 2024[23]. - The sales revenue from coal business in Q1 2025 was 17.322 billion yuan, a decrease of 30.3% from 75.32 billion yuan in Q1 2024[26]. - The average selling price of coal in Q1 2025 was 639.32 yuan/ton, down from 807.57 yuan/ton in Q1 2024[26]. - The total sales volume of coal chemical products in Q1 2025 was 2,018 thousand tons, compared to 1,881 thousand tons in Q1 2024[30]. Cash Flow and Investments - The company experienced a significant decline in cash flow due to lower sales prices of coal and other main products, resulting in a net cash flow of RMB 3.57 billion after adjustments[6]. - The net cash flow from investing activities for the period was -3,552,473 thousand RMB, slightly improved from -3,928,203 thousand RMB in the previous period[54]. - The cash inflow from financing activities was 18,847,689 thousand RMB, down from 25,776,767 thousand RMB in the previous period[54]. - The company reported cash inflow from investment activities of RMB 5,182,879 thousand in Q1 2025, a significant increase from RMB 2,997,069 thousand in Q1 2024[66]. Management and Corporate Governance - The company appointed new senior management, including two deputy general managers and a safety director, effective from April 8, 2025[35]. - The company modified its articles of association to eliminate the supervisory board and enhance the audit committee's functions, pending shareholder approval[39]. - The company plans to sign a continuous related transaction agreement with Shandong Energy for the years 2025-2027, which is subject to shareholder approval[38]. - The company confirmed a long-term investment strategy with Shandong Energy, which includes financial service agreements for the upcoming years[38].
兖矿能源(01171) - 2025 Q1 - 季度业绩