2022-10-28 11:15Financial Performance - Total revenue for the nine months ended September 30, 2022, was RMB 84,910 million, a decrease of 4.7% compared to RMB 88,970 million in the same period last year[4] - Net profit attributable to the company's owners increased by 37.2% to RMB 20,298 million from RMB 14,777 million year-on-year[4] - Basic earnings per share rose by 37.2% to RMB 1.022 from RMB 0.744 in the same period last year[4] - Net profit attributable to shareholders for the first nine months of 2022 was RMB 59,131 million, a 45.0% increase from RMB 40,770 million in the same period of 2021[10] - Total revenue for the first nine months of 2022 reached RMB 250,489 million, representing a 7.5% growth compared to RMB 233,044 million in the same period of 2021[11] - Gross profit increased by 53.0% to RMB 63,120 million, resulting in a gross margin of 31.6%, up 11.0 percentage points from 20.6% in 2021[20] - The gross profit for the first nine months of 2022 was RMB 89,594 million, compared to RMB 65,901 million in 2021, reflecting a significant increase[42] - The total comprehensive income for the third quarter of 2022 was RMB 74,226 million, compared to RMB 48,903 million in the same period of 2021[43] Cash Flow and Liquidity - Cash inflow from operating activities for the nine months was RMB 91,090 million, an increase of 34.9% compared to RMB 67,506 million in the previous year[4] - Cash and cash equivalents increased by 7.9% to RMB 169,108 million as of September 30, 2022, driven by higher net cash inflows from operating activities[12] - Operating cash inflow for the nine months ended September 30, 2022, was RMB 91,090 million, an increase from RMB 67,528 million in 2021, representing a growth of 34.9%[48] - Cash flow from operating activities after tax payments was RMB 105,517 million in 2022, compared to RMB 79,931 million in 2021, showing improved operational efficiency[48] - The cash balance at the end of the period was RMB 169,108 million in 2022, up from RMB 141,409 million in 2021, reflecting a stronger liquidity position[49] Assets and Equity - Total assets as of the report date were RMB 632,284 million, reflecting a 3.6% increase from RMB 610,597 million at the end of the previous year[6] - Equity attributable to the company's owners increased by 3.5% to RMB 393,006 million from RMB 380,038 million at the end of the previous year[6] - The total assets less current liabilities as of September 30, 2022, amounted to RMB 537,469 million, compared to RMB 518,624 million at the end of 2021[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 140,875, with 138,960 being A-share shareholders[13] - The largest shareholder, State Energy Investment Group, holds 69.52% of the shares, totaling 13,812,709,196 shares[13] - The company’s major shareholders include China Energy Investment Corporation with 13.81 billion shares, representing a significant portion of the total shares[14] - HKSCC Nominees Limited holds 3.37 billion shares, indicating strong foreign investment interest in the company[14] Operational Highlights - The company reported a coal production of 77.8 million tons for Q3 2022, an increase of 8.4% compared to 71.8 million tons in Q3 2021[16] - Coal sales volume decreased to 99.1 million tons in Q3 2022 from 120.8 million tons in Q3 2021, representing a decline of 18.0%[16] - The company achieved a total coal sales volume of 309.2 million tons in the first nine months of 2022, down from 361.6 million tons in the same period of 2021[17] - The company’s electricity generation reached 57.58 billion kWh in Q3 2022, an increase of 25.2% compared to 45. dd billion kWh in Q3 2021[16] - The total electricity generation in the domestic market for Q3 2022 was 57.18 billion kWh, a 25.7% increase from 45.50 billion kWh in Q3 2021[25] Investment and R&D - Research and development expenses surged by 101.1% to RMB 1,617 million, reflecting investments in smart mining and smart railway projects[11] - The company added 1,038 MW of new generating capacity in the first nine months of 2022, including 1,000 MW from a coal-fired power unit and 38 MW from photovoltaic projects[34] - The company plans to continue advancing project approvals for the Xin Street No. 1 and No. 2 wells to enhance production capacity[24] Market and Pricing - The average selling price of coal for the first nine months of 2022 was 629 RMB/ton, a decrease of 14.5% from 537 RMB/ton in the same period of 2021[17] - The average electricity selling cost for the first nine months of 2022 was RMB 373.1 per MWh, up 19.0% from RMB 313.6 per MWh in the same period of 2021, primarily due to rising coal procurement prices[35] - The sales volume of imported coal decreased significantly by 57.9% to 4.0 million tons, with an average price of RMB 902 per ton[19] Strategic Focus - The company is focusing on enhancing resource acquisition and optimizing the coal industry layout to support green transformation and innovation[3] - The company aims to build a world-class comprehensive energy listed company by focusing on product excellence, brand recognition, and innovative leadership[3] - The company plans to expand its market presence and enhance its product offerings in the coming quarters[16]