*ST金山(600396) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2023 was approximately CNY 3.40 billion, a decrease of 0.65% compared to CNY 3.42 billion in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2023 was a loss of approximately CNY 509.67 million, an improvement from a loss of CNY 773.53 million in the same period last year[23]. - The net cash flow from operating activities for the first half of 2023 was a negative CNY 376.74 million, a significant decline of 185.81% compared to a positive cash flow of CNY 439.06 million in the same period last year[23]. - The total revenue for the reporting period was 339,924.44 million yuan, a decrease of 0.65% year-on-year[33]. - The net profit attributable to shareholders of the listed company was -50,967.04 million yuan, an increase of 26,385.69 million yuan year-on-year[33]. - The basic earnings per share for the first half of 2023 was -CNY 0.3461, compared to -CNY 0.5252 in the same period last year[24]. - The company reported a main business profit loss of 53.59 million RMB, an improvement of 380 million RMB compared to the previous year[42]. - The company achieved auxiliary revenue of 290 million yuan from thermal power units, an increase of 39 million yuan year-on-year[93]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 18.48 billion, a decrease of 2.07% from CNY 18.87 billion at the end of the previous year[23]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY -2.27 billion, a decrease from CNY -1.80 billion at the end of the previous year[23]. - The company's total assets for its major subsidiaries include CNY 161,354.03 million for Inner Mongolia Jinyuan Company and CNY 82,679.56 million for Fuxin New Energy Company[57]. - Total liabilities increased from ¥20,985,640,612.82 to ¥21,106,345,022.40, an increase of about 0.58%[130]. - The company's equity attributable to shareholders decreased from ¥-1,797,469,118.05 to ¥-2,266,024,359.30, indicating a decline of about 26.06%[130]. Cash Flow - The cash flow from operating activities for the first half of 2023 was a net outflow of ¥376,743,710.76, compared to a net inflow of ¥439,056,698.94 in the same period of 2022[144]. - The cash flow from financing activities generated a net inflow of ¥499,608,487.92 in the first half of 2023, compared to a net outflow of ¥419,309,546.62 in the same period of 2022[145]. - The total cash and cash equivalents at the end of the first half of 2023 were ¥662,758,779.85, down from ¥790,280,515.77 at the end of the first half of 2022[145]. Operational Highlights - The company's total electricity generation for the reporting period was 741,823.29 million kWh, a decrease of 0.73% year-on-year[33]. - The average utilization hours of the thermal power units in Liaoning Province were 1,203 hours, a decrease of 17.89 hours year-on-year[32]. - The company completed a heating area of 75.32 million square meters during the reporting period[32]. - The installed capacity of the company as of June 30, 2023, was 5,677,500 kW, with 91.59% from thermal power[32]. Environmental and Social Responsibility - The company reported emissions of 85.97 tons of smoke, 483.34 tons of sulfur dioxide, and 1,064.04 tons of nitrogen oxides, all meeting ultra-low emission standards[70]. - The company achieved a dust removal facility operation rate of 100% and a dust removal efficiency greater than 99.9%[70]. - The company invested approximately CNY 62,860 in poverty alleviation efforts during the first half of 2023, with the entire amount allocated for consumption assistance[80]. - The company installed 50 streetlights in the Xingyao Town of Zhengxiangbaiqi, improving nighttime safety for local residents[80]. Strategic Initiatives - The company is focusing on optimizing power generation strategies and reducing coal prices to enhance profitability[34]. - The company is actively coordinating to secure low-priced long-term coal contracts to maximize overall benefits amid price fluctuations[60]. - The company has implemented multiple energy-saving measures, including efficiency upgrades on various units, contributing to enhanced operational reliability and economic performance[79]. - The company is committed to ecological protection by adhering to the "Three Lines and One List" management approach, which includes strict environmental control measures during project construction[78]. Related Party Transactions - The company reported a total of 97,199,654.59 RMB in related party transactions for coal procurement and technical services during the reporting period[97]. - The company engaged in coal procurement transactions with related parties, including 80,009,100.29 RMB with Huadian Global (Beijing) Trading Development Co., Ltd.[97]. - The company has a total of 1,120,000,000.00 RMB in borrowings from China Huadian Financial Co., Ltd.[104]. Corporate Governance - The company reported a commitment to ensure no unnecessary related transactions with Kingsoft Corporation, adhering strictly to legal and regulatory requirements[85]. - The company guarantees that Kingsoft Corporation will not provide any form of guarantee to the company or its controlled enterprises[86]. - The company aims to maintain independent financial management and accounting systems to ensure financial independence[87].