HYMD(600971)2022-04-14 16:00Financial Performance - The company achieved operating revenue of CNY 6,749,374,998.01, representing a 29.55% increase compared to the previous year[25]. - The net profit attributable to shareholders reached CNY 1,387,154,489.58, marking a significant increase of 79.97% year-over-year[25]. - Cash flow from operating activities was CNY 2,153,365,520.70, reflecting a 29.23% increase from the previous year[25]. - The company achieved a net profit attributable to shareholders of 1.387 billion yuan in 2021, an increase of 79.98% compared to the previous year[38]. - Total operating revenue for 2021 was 6.749 billion yuan, reflecting a year-on-year increase of 29.55%[38]. - The weighted average return on equity increased to 14.46%, up 5.92 percentage points from the previous year[30]. - Basic earnings per share rose to 1.1560 yuan, representing a 79.98% increase compared to the previous year[30]. - The company’s total assets reached 17.767 billion yuan, a 12.28% increase from the end of 2020[30]. - The company’s main business revenue from coal reached 6.301 billion yuan, an increase of 34.26% year-on-year[38]. - The net cash flow from operating activities for 2021 was CNY 21.53 billion, an increase of CNY 4.87 billion or 29.23% from the previous year[61]. Dividend and Retained Earnings - The company plans to distribute a cash dividend of CNY 5 per 10 shares, totaling CNY 600,002,442, based on a total share capital of 1,200,004,884 shares[6]. - The company reported a retained earnings available for distribution of CNY 5,582,436,596.53 as of the end of 2021[6]. - The company did not allocate any statutory surplus reserves for the year[6]. Production and Sales - The company produced 10.1044 million tons of raw coal, a 3.02% increase year-on-year, and sold 7.3935 million tons of coal, up 0.93% from the previous year[38]. - The company's raw coal production reached 10.1044 million tons, an increase of 3.02% year-on-year, while the total sales of commercial coal amounted to 7.3935 million tons, up by 0.93% year-on-year[45]. - The main business revenue from coal reached 6.301 billion yuan, reflecting a year-on-year increase of 34.26%, contributing to a total operating revenue of 6.749 billion yuan, which is a 29.55% increase compared to the previous year[45]. Risk Management - The company faces risks related to coal price volatility, safety production accidents, and changes in national industry policies[10]. - The company will continue to monitor macroeconomic factors and market supply-demand changes to enhance its risk resistance capabilities[10]. - The company emphasizes the importance of risk management, particularly regarding safety production and price fluctuations in the coal market[83]. Research and Development - The company has invested in research and development, with R&D expenses increasing by 56.4% to 282.81 million yuan[45]. - The proportion of research and development expenses to operating income was 4.19% in 2021[57]. - The number of R&D personnel was 1,729, accounting for 11.5% of the total workforce[60]. - Research and development expenses for 2021 amounted to CNY 282.81 million, representing a 56.40% increase year-on-year, primarily due to enhanced investment in underground safety measures[57]. - Research and development investments increased by 30%, totaling 300 million CNY, aimed at advancing new technologies[103]. Environmental Management - The company has implemented measures to reduce carbon emissions, including replacing coal-fired boilers with gas boilers and optimizing production processes[150]. - The company has established a comprehensive environmental management system to monitor and improve its environmental performance continuously[148]. - The company has actively engaged in tree planting and ecological restoration to offset its carbon emissions and contribute to social carbon neutrality[150]. - The company conducts monthly monitoring of wastewater and quarterly monitoring of air emissions and noise levels through third-party environmental monitoring agencies[142]. - The company has received multiple environmental impact assessment approvals for its construction projects, ensuring compliance with environmental protection measures[138]. Governance and Compliance - The company has established a governance structure that ensures clear responsibilities and effective checks and balances, complying with relevant laws and regulations[85]. - The company has not reported any significant differences in governance compared to the requirements of the Company Law and the Corporate Governance Guidelines[85]. - The company has not engaged in any related party transactions that would affect its independence during the reporting period[85]. - The company has not reported any changes in the shareholding of directors and senior management during the reporting period[92]. - The company has not faced any penalties from securities regulatory authorities in the past three years[109]. Strategic Acquisitions and Investments - The company acquired 100% equity of Anhui Hengtai New Materials Co., Ltd. for CNY 307.32 million, resulting in a minor adjustment to the consolidated financial data for 2020[55]. - The company acquired Anhui Hengtai New Materials Co., Ltd. during the reporting period, with no integration issues concerning assets, personnel, or finances[130]. - The company has committed to acquiring coal resources from Anhui Wanbei Coal Electricity Group, which includes mining rights and equity stakes in several subsidiaries, with the acquisition rights being irrevocable[152]. - The company has guaranteed to avoid any competition with Anhui Wanbei Coal Electricity Group and will not acquire new mining rights unless under specific conditions, ensuring no conflict of interest arises[155]. Future Outlook - The company plans to produce 10.35 million tons of raw coal and sell 7.40 million tons of commercial coal in 2022, with an expected total revenue of 6.22 billion yuan and total costs of 5.28 billion yuan[82]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 12% to 15%[100]. - The company expects coal prices to remain stable within a green range due to improved competition and reduced disorderly price wars[80]. - The company anticipates that the macroeconomic recovery will positively impact the energy sector despite ongoing uncertainties from the COVID-19 pandemic[80].