NMHD(SH:600863)2022-04-26 16:00Financial Performance - The company's operating revenue for 2021 was approximately ¥18.93 billion, representing a 23.26% increase compared to ¥15.36 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately ¥452.25 million, a decrease of 40.42% from ¥759.06 million in 2020[20]. - The net cash flow from operating activities for 2021 was approximately ¥3.09 billion, down 20.92% from ¥3.91 billion in 2020[20]. - The total assets at the end of 2021 were approximately ¥41.48 billion, a decrease of 3.20% from ¥42.86 billion at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.05, a decline of 54.55% compared to ¥0.11 in 2020[21]. - The weighted average return on equity for 2021 was 2.68%, down from 5.63% in 2020, reflecting a decrease of 2.95 percentage points[21]. - The company reported a total net asset attributable to shareholders of approximately ¥16.15 billion at the end of 2021, an increase of 8.65% from ¥14.87 billion at the end of 2020[20]. - The company achieved operating revenue of 18.934 billion RMB, an increase of 3.573 billion RMB, representing a year-on-year growth of 23.26%[32]. - The company reported a net profit attributable to the parent company of 452 million RMB, a decrease of 40.42% year-on-year[32]. Dividend and Profit Distribution - The profit distribution plan for 2021 proposes a cash dividend of 1 RMB per 10 shares, totaling approximately 652.69 million RMB based on the total share capital of 6,526,887,811 shares as of December 31, 2021[4]. - The company’s cash dividend policy stipulates that at least 70% of the distributable profit from the consolidated financial statements will be distributed as cash dividends each year, with a minimum of ¥0.09 per share[171]. - The company has committed to distributing at least 70% of its annual distributable profits as cash dividends from 2022 to 2024, with a minimum payout of 0.1 RMB per share (including tax)[173]. Risk Management - The company reported no significant risks that could materially affect its operations during the reporting period, with a focus on addressing risks related to electricity, coal, and environmental protection in 2022[7]. - The company is committed to strengthening its market risk management and optimizing its electricity trading strategies to safeguard its interests[103]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact macroeconomic conditions and energy demand[124]. - The company anticipates challenges from the transition to clean energy, which may affect traditional coal power operations and lead to a decrease in operating hours for coal-fired units[125]. Environmental and Sustainability Efforts - The company is actively promoting the development of renewable energy in line with national green energy transition policies[43]. - The company has completed ultra-low emission renovations for all units and is enhancing its environmental protection measures, aiming to create a resource-saving and environmentally friendly enterprise[129]. - The company has established effective pollution control facilities, including desulfurization, denitrification, and dust removal, all meeting or exceeding national emission standards[188]. - The company is committed to enhancing ecological environment protection and has strengthened pollutant discharge management to meet national standards[200]. - The company has made significant progress in green mining construction, with the Weijia Mountain coal mine listed among the national green mines[195]. Operational Highlights - The company’s coal production reached 7,103,600 tons, marking an 18.39% year-on-year increase[46]. - The company’s coal sales volume reached 3.6598 million tons, a year-on-year increase of 10.49%[59]. - The company’s coal price (standard coal) increased to 618.77 RMB/ton, up 52.38% year-on-year[31]. - The company’s total controllable installed capacity reached 12,846,200 kW, with coal-fired capacity accounting for 88.74% and renewable energy capacity 11.26%[45]. - The company achieved a coal sales volume growth of 10.49% year-on-year, with an average sales price of 545.47 RMB/ton, an increase of 86.08% year-on-year[41]. Corporate Governance - The company has implemented a robust internal control system to safeguard shareholder interests and enhance corporate governance[131]. - The company received an A-level rating for information disclosure from the Shanghai Stock Exchange for five consecutive years, emphasizing compliance and quality improvement in disclosures[134]. - The company has committed to reducing related party transactions and has established a framework for fair and transparent pricing in such transactions[137]. - The company has established a comprehensive internal control system to enhance risk management and operational efficiency, including revisions to key governance documents[178]. Future Strategies - The company plans to accelerate the development of renewable energy projects in line with the "14th Five-Year Plan" for renewable energy in Inner Mongolia[121]. - The company aims to enhance its clean energy ratio and actively promote carbon reduction development, optimizing the coal power structure through various strategies[126]. - The company anticipates an increase in domestic coal supply due to the commissioning of new permanent capacity in 2022, while coal prices are expected to stabilize[88]. - The company is focused on implementing a green development strategy and promoting sustainable practices[200]. Employee and Management - The company had a total of 6,200 employees, with 1,831 in the parent company and 4,369 in major subsidiaries[166]. - The company has established a comprehensive employee training program, utilizing online resources to enhance employee skills[168]. - The total remuneration for directors and senior management during the reporting period included amounts such as 7.45 million yuan for independent directors and 3.56 million yuan for the general manager[146]. - The management team includes key personnel such as Wang Weishi, who serves as the Party Secretary and Deputy General Manager[148].