Financial Performance - In Q1 2023, the company achieved operating revenue of RMB 44.42 billion, an increase of RMB 3.22 billion, representing a growth of 7.8% year-on-year[2]. - The net profit attributable to shareholders was RMB 5.65 billion, a decrease of RMB 1.03 billion, reflecting a decline of 15.3% compared to the same period last year[3]. - The basic earnings per share decreased to RMB 1.16, down 15.68% from RMB 1.37 in the previous year[3]. - The company's total revenue for Q1 2023 was RMB 44.421 billion, up from RMB 41.201 billion in Q1 2022, reflecting a year-over-year growth of approximately 5.4%[47]. - The net profit for the first quarter of 2023 was 48 million CNY, a decrease of 50.28% from 97 million CNY in the same period of 2022[38]. - The total profit for Q1 2023 was CNY 9,486,175, down from CNY 10,671,805 in Q1 2022, reflecting a decrease of approximately 11.1%[49]. - The company's operating profit for Q1 2023 was CNY 2,850,809 thousand, a decrease of 33.5% compared to CNY 4,292,686 thousand in Q1 2022[65]. - Net profit attributable to shareholders of the parent company was CNY 2,082,321 thousand, down 34.1% from CNY 3,155,419 thousand in the same period last year[66]. - Total comprehensive income attributable to shareholders of the parent company was CNY 2,088,626 thousand, a decline of 33.6% compared to CNY 3,144,419 thousand in Q1 2022[66]. Cash Flow - The net cash flow from operating activities surged to RMB 8.62 billion, a significant increase of 546.82% year-on-year[3]. - The net cash flow from financing activities was 604 million, a turnaround from -4,524 million in Q1 2022, with cash received from loans increasing by 5,591 million year-on-year[10]. - The net cash flow from investing activities was -3,628 million, a significant increase in cash outflow compared to -235 million in Q1 2022[10]. - Cash flow from operating activities generated a net amount of CNY 1,328,450 thousand, down 54.1% from CNY 2,896,661 thousand in Q1 2022[67]. - Cash flow from investing activities resulted in a net outflow of CNY 415,493 thousand, compared to a net inflow of CNY 2,640,026 thousand in the previous year[68]. - Cash flow from financing activities showed a net outflow of CNY 7,663,828 thousand, compared to a net outflow of CNY 4,307,597 thousand in Q1 2022[68]. Assets and Liabilities - The total assets as of March 31, 2023, amounted to RMB 301.98 billion, showing a year-on-year increase of 1.93%[3]. - The total assets as of March 31, 2023, were 34,681 million CNY, an increase of 8.86% from 31,858 million CNY at the end of 2022[38]. - The company's current assets totaled RMB 96.136 billion, an increase from RMB 88.736 billion as of December 31, 2022, representing an increase of approximately 8.0%[41]. - Total liabilities decreased slightly to RMB 166.993 billion as of March 31, 2023, from RMB 168.109 billion at the end of 2022, a reduction of about 0.7%[45]. - The company's total liabilities decreased to 100,442,124 thousand RMB from 108,744,573 thousand RMB year-over-year[61]. - The company's long-term borrowings increased to RMB 39.657 billion as of March 31, 2023, compared to RMB 38.224 billion at the end of 2022, an increase of approximately 3.8%[45]. - The company reported a decrease in accounts payable to RMB 15.724 billion as of March 31, 2023, from RMB 18.991 billion at the end of 2022, a decline of approximately 17.5%[44]. Production and Sales - In Q1 2023, the company's coal production was 22,532 thousand tons, a decrease of 10.41% compared to 25,149 thousand tons in Q1 2022[21]. - The total coal sales volume in Q1 2023 was 24,530 thousand tons, down 2.91% from 25,265 thousand tons in Q1 2022[21]. - Coal sales revenue reached 27.916 billion yuan in Q1 2023, an increase of 10.8% from 25.191 billion yuan in Q1 2022[26]. - The average selling price of coal in Q1 2023 was 1,138.05 yuan per ton, compared to 997.09 yuan per ton in Q1 2022[28]. - The company reported a significant increase in sales revenue from the "昊盛煤業" segment, which rose by 291.06% to 1,032 thousand tons in Q1 2023[23]. - The "兗煤澳洲" segment saw a production decrease of 27.33% to 5,867 thousand tons in Q1 2023, down from 8,073 thousand tons in Q1 2022[23]. - The company's electricity generation rose by 7.83% to 215,858 MWh in Q1 2023, up from 200,185 MWh in Q1 2022[21]. - The electricity sales revenue for the first quarter of 2023 was 692 million CNY, compared to 601 million CNY in 2022, reflecting a growth of 15.13%[36]. Strategic Developments - The company completed an equity increase in Shandong Energy Building Shanghai Co., holding 75% of its shares, which constitutes a business combination under common control[5]. - The company is focusing on market expansion and new product development, although specific details were not disclosed in the report[10]. - The company has not reported any significant mergers or acquisitions in the current quarter[10]. - The company acquired 51% equity in Lushi Mining and Xinjiang Energy Chemical, indicating a strategic move for market expansion[38]. - The company approved the acquisition of a 51% stake in Shandong Energy Group Luxi Mining Co., Ltd. for RMB 18.319 billion and a 51% stake in Yanzhou Coal Mining Xinjiang Energy Chemical Co., Ltd. for RMB 8.112 billion[39]. Outlook and Challenges - Future outlook remains cautiously optimistic, with expectations for continued growth in revenue driven by increased market demand[10]. - The company anticipates continued challenges in coal production due to geological conditions and labor shortages impacting output[22].
兖矿能源(01171) - 2023 Q1 - 季度业绩