SCIE(SH:600546)2022-06-27 16:00Financial Performance - The net profit attributable to shareholders for 2021 was CNY 4,937,738,539.33, while the net profit for the parent company was CNY 3,106,270,171.38[2] - The company plans to distribute a cash dividend of CNY 15.67 per 10 shares, totaling CNY 3,106,508,771.38 (including tax) based on a total share capital of 1,982,456,140 shares[2] - The cumulative distributable profit for the parent company at the end of 2021 was CNY 3,354,518,706.61[2] - The company reported a deduction of CNY 162,000,000.00 for perpetual bond interest in the net profit calculation[2] - In 2021, the company achieved operating revenue of CNY 48.05 billion, a year-on-year increase of 35.66%[22] - The net profit attributable to shareholders was CNY 4.94 billion, representing a significant year-on-year growth of 497.42%[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4.97 billion, up 482.29% year-on-year[22] - Total assets reached CNY 45.98 billion, an increase of 14.27% compared to the beginning of the year[22] - The net assets attributable to shareholders amounted to CNY 11.83 billion, reflecting a growth of 30.20% from the beginning of the year[22] - The company's asset-liability ratio was 68.77%, a decrease of 4.12 percentage points from the beginning of the year[22] - The basic earnings per share were CNY 2.49, a 492.86% increase compared to the previous year[16] - The weighted average return on equity was 43.62%, an increase of 34.3 percentage points year-on-year[16] - The company's cash flow from operating activities increased by 279.57% to CNY 16.24 billion[38] - The company reported a total revenue of 37,500 million with a net profit of 28,200 million, resulting in a profit margin of approximately 75.2%[91] Operational Highlights - The company achieved a coal production volume of 40.42 million tons, an increase of 2.51 million tons or 6.63% year-on-year[24] - The company completed the acquisition of a 90% stake in Hequ Energy, enhancing its market position[17] - The company maintained a "zero accident" safety record throughout the year, emphasizing a strong safety management system[23] - The number of end customers reached 53, accounting for 69% of the customer base, reflecting a focus on customer-centric services[25] - The company completed its annual energy consumption control targets, with no significant environmental pollution incidents reported[23] - The company is advancing its "refined coal strategy," ensuring all production mines wash raw coal to enhance product quality[24] - The company has established a comprehensive coal trading and logistics system, with an annual port transshipment capacity of approximately 50 million tons[31] - The coal market saw a significant price increase, with thermal coal prices exceeding 2000 RMB per ton during the year[29] - The company achieved a net profit from the coal business increased significantly, with the highest growth seen in the Lingzhida Coal Industry, which reported a 707.46% increase in net profit[64] Risk Management - The company has acknowledged potential market risks and safety risks that may impact future performance, as detailed in the management discussion and analysis section[4] - The company has taken measures to address identified risks but cannot guarantee the elimination of all adverse effects[4] - The company has confirmed that there are no violations of decision-making procedures regarding external guarantees[4] - The company has established a comprehensive internal control system based on overall risk management, covering 18 supporting application guidelines and various operational risks[83] - The company has implemented measures to enhance contract management and legal affairs, establishing a comprehensive legal work system[83] - The company is focused on risk prevention measures related to financial deposits within Shanxi Coking Coal Group[103] Environmental and Social Responsibility - The company emphasizes the importance of safety and environmental protection, integrating these aspects into its high-quality development strategy[74] - The company has constructed wastewater treatment facilities with a daily processing capacity of 3,000 m³ for mine wastewater and 500 m³ for domestic wastewater[128] - The company has installed real-time monitoring equipment for wastewater discharge, ensuring compliance with environmental standards[134] - The company has publicly disclosed its wastewater treatment data monthly through the local environmental protection bureau's website[135] - The company has established emergency response plans for environmental incidents, which have been approved by local environmental authorities[131] - The company has been recognized as an "Excellent Unit for Social Responsibility" in the Shanxi capital market, reflecting its commitment to economic development and social harmony[146] - The company has actively engaged in community service, forming a volunteer team to improve local living conditions and foster community relations[150] Governance and Compliance - The company has made significant improvements in its information disclosure practices, ensuring timely and accurate announcements to safeguard shareholder interests[83] - The company has not reported any major differences in governance compared to regulatory requirements, maintaining independence in its operations[84] - The company has implemented a management system to prevent fund occupation by controlling shareholders and related parties[166] - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[101] - The company has established a dual pre-control system for safety risk assessment, implementing a "1+4+N" safety risk identification and evaluation model[66] Future Outlook - The company aims for a coal production target of no less than 35 million tons and a revenue target of at least 40 billion yuan[73] - The company plans to enhance its operational management through lean management practices, focusing on safety, cost control, and governance improvements[74] - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[92] - The company is exploring potential acquisitions in the renewable energy sector to diversify its portfolio[94] - The company plans to enhance its supply chain logistics, which is expected to improve delivery times by 25%[93]