2021-04-23 16:00Financial Performance - Operating revenue for the first quarter reached RMB 67,608 million, a 32.4% increase year-on-year[7] - Net profit attributable to shareholders of the listed company was RMB 11,611 million, up 18.4% from the same period last year[7] - The total profit for Q1 2021 reached RMB 17,666 million, up 20.0% compared to RMB 14,717 million in the same period last year[15] - Net profit attributable to shareholders was RMB 11,611 million, reflecting an 18.4% increase from RMB 9,807 million in Q1 2020[15] - The company's gross profit for Q1 2021 was RMB 13,434 million, up 21.7% from RMB 11,038 million in Q1 2020, while the gross margin decreased by 3.0 percentage points to 23.9%[22] - In Q1 2021, the company's operating revenue reached RMB 56,323 million, a 37.1% increase compared to RMB 41,069 million in Q1 2020, driven by higher coal sales volume and average selling prices[22] - The company's total comprehensive income for Q1 2021 was RMB 14,209 million, compared to RMB 11,731 million in Q1 2020, indicating strong overall performance[47] - Basic earnings per share for Q1 2021 increased to RMB 0.584, up from RMB 0.493 in Q1 2020[47] Cash Flow and Liquidity - Cash flow from operating activities decreased by 34.6% to RMB 19,614 million compared to the previous year[6] - The net cash flow from operating activities was RMB 19,614 million, a decrease of 34.6% from RMB 29,984 million in the same period last year, primarily due to the exclusion of the financial company's impact[18] - Cash inflow from investment activities totaled RMB 8,738 million, down 65.5% from RMB 25,307 million in the same period last year[54] - The net cash flow from financing activities increased significantly to RMB 13,688 million, compared to RMB 3,273 million in Q1 2020, marking a growth of 318.5%[54] - The total cash and cash equivalents at the end of Q1 2021 reached RMB 123,570 million, up from RMB 87,245 million at the end of Q1 2020, representing an increase of 41.6%[54] - Cash received from sales of goods and services was RMB 8,836 million, a decline of 37.5% from RMB 14,137 million in Q1 2020[54] - The total cash outflow from operating activities was RMB 7,637 million, down 19% from RMB 9,415 million in the previous year[54] Assets and Liabilities - Total assets increased by 4.6% to RMB 584,272 million compared to the end of the previous year[6] - Total liabilities reached RMB 144,439 million, representing an increase of 8.3% from RMB 133,317 million at the end of 2020[39] - The company's total current liabilities increased to RMB 75,358 million, up 8.4% from RMB 69,493 million[39] - Cash and cash equivalents increased by 11.3% to RMB 141,866 million from RMB 127,457 million at the end of 2020[16] - Inventory increased by 29.2% to RMB 16,471 million, attributed to higher coal stock levels[16] - Accounts receivable rose by 40.8% to RMB 10,980 million, driven by increased sales and improved collection efforts[16] - Long-term borrowings increased to RMB 51,985 million, up from RMB 50,251 million, reflecting a growth of 3.5%[39] Production and Sales - Coal production volume reached 78.0 million tons, a 4.8% increase year-on-year[10] - The company achieved a 17.3% increase in coal sales volume, totaling 115.4 million tons[10] - Total electricity generation increased by 35.4% to 37.18 billion kWh compared to the same period last year[10] - The total coal sales volume in Q1 2021 was 115.4 million tons, with an average selling price of RMB 475 per ton, reflecting a 17.3% increase in volume and a 16.1% increase in price compared to Q1 2020[21] - The average price of thermal coal (5,500 kcal) was RMB 595 per ton in Q1 2021, up RMB 40 per ton year-on-year[31] Research and Development - Research and development expenses grew by 58.2% to RMB 144 million, primarily due to increased spending on smart mining projects[16] - Research and development expenses increased to RMB 144 million in Q1 2021, up from RMB 91 million in Q1 2020, reflecting a focus on innovation[46] Accounting and Policy Changes - The company plans to enhance cost management and improve accounting information reliability starting from January 1, 2021[5] - New accounting policy adjustments were made to classify repair costs as production costs instead of management expenses[5] - The accounting policy change effective from January 1, 2021, resulted in an increase of RMB 2,630 million in operating costs for Q1 2021, with no impact on net profit or shareholder equity[33]