Financial Performance - Yankuang Energy Group reported its audited annual results for the twelve months ending December 31, 2022[1]. - In 2022, the company reported sales revenue of CNY 154.60 billion, a 42.4% increase from CNY 108.62 billion in 2021[17]. - Gross profit for 2022 was CNY 73.79 billion, up 84.9% from CNY 39.94 billion in 2021[17]. - Net profit attributable to shareholders reached CNY 30.41 billion, a 79.6% increase compared to CNY 16.94 billion in 2021[17]. - The company’s total assets increased to CNY 308.60 billion in 2022, up from CNY 301.96 billion in 2021[19]. - The company’s total borrowings decreased to CNY 76.16 billion in 2022 from CNY 103.40 billion in 2021, representing a reduction of 26.4%[19]. - The net asset return rate improved to 33.84% in 2022, compared to 24.68% in 2021[19]. - Earnings per share for 2022 were CNY 6.15, an increase from CNY 3.48 in 2021[17]. - The company proposed a dividend of CNY 4.30 per share for 2022, up from CNY 2.00 in 2021[17]. - The company’s equity attributable to shareholders rose to CNY 89.85 billion in 2022, compared to CNY 68.66 billion in 2021, marking a growth of 30.8%[19]. Operational Highlights - The company has several subsidiaries, including Yanzhou Coal Mining Company and Inner Mongolia Haosheng Coal Industry, which contribute to its coal and chemical production operations[5]. - The company invested 2 billion CNY to build 28 new intelligent mining faces, enhancing operational efficiency and production capacity[25]. - The company plans to sell 10.3 million tons of self-produced coal and 6.18 million tons of coal chemical products in 2023[28]. - The company’s premium coal sales volume increased by 12.4% year-on-year, focusing on high-value products[26]. - The company has established a coal reserve capacity of 3 million tons to ensure supply during critical periods[27]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental and social responsibilities in its operations[2]. - The company aims to enhance its green and low-carbon development strategy while accelerating industrial transformation and upgrading[28]. - The group reported a donation expenditure of 93,586 thousand yuan for the fiscal year 2022[110]. - The company has a robust governance structure that aligns with the requirements of the China Securities Regulatory Commission[114]. Research and Development - Research and development investment for the year reached 2.12 billion yuan, an increase of 85.8% year-on-year[37]. - The company has established two national-level R&D platforms and 14 provincial-level R&D platforms, enhancing its innovation capabilities[66]. - The company holds 262 authorized patents, including 26 inventions, 233 utility models, and 3 design patents[66]. Corporate Governance - The company has strengthened its corporate governance by updating various governance documents and ensuring compliance with the latest legal and regulatory requirements[114]. - The audit committee reviewed the company's 2022 interim and annual performance, confirming the effectiveness of the risk management and internal control systems[154]. - The board of directors held a total of 7 meetings during the year, with 3 in-person meetings and 4 conducted via communication methods[151]. - The company has established specialized committees under the board, including the audit committee, nomination committee, compensation committee, strategy and development committee, and sustainability committee[152]. Future Outlook - The company aims to achieve an annual coal production scale of 300 million tons within 5-10 years, establishing over eight green intelligent mines[96]. - The target for the chemical new materials industry is to produce over 20 million tons annually within 5-10 years, with over 70% being high-end chemical products[97]. - The company plans to develop renewable energy projects, targeting an installed capacity of over 10 million kilowatts in the next 5-10 years[97]. Employee and Compensation - The total salary and allowances for employees in 2022 amounted to 8.118 billion RMB[180]. - The company emphasizes a performance-based salary system linked to overall economic performance and individual achievements[181]. - The board approved the 2022 annual compensation proposal for directors and senior management, with a suggested total compensation of 150,000 yuan (including tax) for directors[170].
兖矿能源(01171) - 2022 - 年度业绩