KEC(SH:600997)2022-04-22 16:00Financial Performance - The company achieved a total operating revenue of ¥22,353,709,541.04 in 2021, representing a 22.98% increase compared to ¥18,176,778,760.87 in 2020[17]. - The net profit attributable to shareholders of the listed company reached ¥1,815,322,215.29, marking a significant increase of 68.32% from ¥1,078,518,671.13 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,821,220,561.47, up 68.94% from ¥1,078,058,038.89 in 2020[17]. - The company reported a significant increase in net profit, with a rise of over ¥736 million compared to the previous year[17]. - The total profit reached CNY 2,706.70 million, representing a 69.99% increase year-on-year[27]. - The company achieved operating revenue of CNY 22,353.71 million, an increase of 22.98% compared to the previous year[27]. - The operating cost was ¥17,695,614,636.14, which is a 16.85% increase year-on-year[39]. - The net cash flow from operating activities surged by 136.48% to ¥4,377,967,592.47[39]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥4.60 per 10 shares, totaling ¥730,387,931.46, based on a total share capital of 1,587,799,851 shares[5]. - As of the end of 2021, the distributable profit available to shareholders was ¥8,012,210,609.58[5]. - The company intends to allocate 10% of the net profit for the year, amounting to ¥136,529,367.38, to statutory surplus reserves[5]. - The company approved a cash dividend of 2.80 CNY per 10 shares for the 2020 fiscal year, totaling 444,583,958.28 CNY (including tax) distributed to shareholders[135]. - For the 2021 fiscal year, the proposed cash dividend is 4.60 CNY per 10 shares, amounting to a total of 730,387,931.46 CNY (including tax), pending shareholder approval[135]. Production and Sales - The company produced 8,009,800 tons of raw coal, an increase of 11.53% year-on-year[27]. - The company sold 1,982,200 tons of premium coal, an increase of 12.98% compared to the previous year[27]. - The company produced 4,884,500 tons of coke, a decrease of 26.81% year-on-year[27]. - The company produced 156,300 tons of methanol, a decrease of 21.81% compared to the previous year[27]. - The company produced 20,000 tons of methanol and 15,000 tons of adipic acid during the reporting period[34]. - The company’s total coal production was 3,124,585 tons, with a sales revenue of CNY 5.107 billion and a gross profit of CNY 2.476 billion[64]. Research and Development - The company’s R&D expenses increased by 29.49% to ¥192,554,425.95, indicating a commitment to innovation[39]. - The number of R&D personnel is 193, representing 1.56% of the total workforce[50]. - The company has planned several forward-looking research projects in high-performance fibers, biodegradable and functional materials, and industrial catalysts, among others, to enhance innovation and efficiency[54]. - The company is investing 500 million RMB in new technology for cleaner coal production methods[114]. - Research and development investments have increased by 30%, focusing on innovative coal processing technologies[117]. Environmental Management - The company strictly adheres to national and local environmental protection laws and regulations during its operations[143]. - In 2021, the company reported a total discharge of 5.694 tons of chemical oxygen demand, 0.692 tons of ammonia nitrogen, and 251.876 tons of sulfur dioxide, all within the approved limits[145]. - The company has implemented a total pollutant discharge control plan, with the total allowable discharge for chemical oxygen demand set at 22.054 tons/year[145]. - The company has established a comprehensive environmental impact assessment process for construction projects, ensuring compliance with national regulations[184]. - The company has committed to reducing material losses and VOC emissions through quarterly leak detection and repair initiatives[190]. Corporate Governance - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations[101]. - The company maintains a clear separation from its controlling shareholder, ensuring independent operations and decision-making[101]. - The company has a robust investor relations management system to enhance communication and transparency with shareholders[104]. - The company has implemented a registration system for insider information to ensure compliance and transparency[104]. - The company has established a specialized audit committee to oversee financial reporting and compliance[124]. Future Outlook - The company provided a future outlook with a revenue growth guidance of 10-12% for the next fiscal year[114]. - The company aims to enhance its coal industry through resource expansion and mergers, while focusing on product structure adjustment and technological innovation[90]. - The company plans to improve environmental governance in line with national regulations, ensuring continuous investment in environmental protection[95]. - The company acknowledges the uncertainties in achieving its operational goals due to market conditions and management decisions[92]. - The company plans to implement a new sustainability strategy, aiming for a 50% reduction in carbon emissions by 2030[117].