2022-03-25 16:00Financial Performance - In 2021, China Shenhua reported operating revenue of CNY 335,216 million, a 43.7% increase compared to CNY 233,263 million in 2020[11]. - The total profit for 2021 was CNY 77,375 million, reflecting a 23.5% increase from CNY 62,662 million in 2020[11]. - The net profit attributable to shareholders was CNY 50,269 million, up 28.3% from CNY 39,170 million in 2020[11]. - The net cash flow from operating activities reached CNY 94,575 million, a 16.3% increase compared to CNY 81,289 million in 2020[11]. - As of the end of 2021, total assets amounted to CNY 607,052 million, an 8.7% increase from CNY 558,447 million at the end of 2020[12]. - The net assets attributable to shareholders were CNY 376,875 million, a 4.6% increase from CNY 360,189 million at the end of 2020[12]. - Basic earnings per share for 2021 were CNY 2.530, representing a 28.4% increase from CNY 1.970 in 2020[13]. - The return on equity for 2021 was 13.3%, up from 10.9% in 2020, indicating a 2.4 percentage point increase[13]. - The debt-to-asset ratio increased to 26.6% at the end of 2021, compared to 23.9% at the end of 2020[13]. - The company achieved a total coal production of 307.0 million tons and coal sales of 482.3 million tons in 2021, representing a year-on-year increase of 5.3% and 8.0% respectively[42]. Dividend and Shareholder Returns - The company proposed a cash dividend of RMB 2.54 per share for the year 2021, totaling RMB 50,466 million based on the total share capital of 19,868,519,955 shares as of December 31, 2021[1]. - The company aims to enhance its market value management and continue implementing high dividend payouts to protect the interests of minority investors[21]. Operational Highlights - The company’s coal production reached 310 million tons, an increase of 5.3%, while coal sales volume was 480 million tons, up by 8.0%[20]. - The total electricity sales volume reached 156.13 billion kWh, marking a 22.3% increase from the previous year[42]. - The company’s total power generation reached 166.45 billion kWh, a 22.1% increase compared to 2020[42]. - The total operating cost for the coal segment increased by 50.8% to 212,019 million RMB, while the operating cost for the power generation segment rose by 55.3% to 59,173 million RMB[45]. - The company’s coal reserves as of December 31, 2021, were 33.21 billion tons, an increase of 3.53 billion tons from the end of 2020[70]. Strategic Initiatives and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[14]. - The company plans to accelerate green and low-carbon transformation, focusing on high-end product development such as coal-based biodegradable materials[20]. - The company aims to enhance coal market prediction accuracy and optimize product structure to strengthen brand advantage amid increasing market competition[134]. - The company plans to invest 5.02 billion yuan in new energy projects in 2022, a substantial increase from just 33 million yuan in 2021[128]. - The company aims for a power generation of 180.5 billion kWh in 2022, reflecting an 8.4% increase from 166.45 billion kWh in 2021[127]. Risk Management and Compliance - The company faced uncertainties in achieving its 2022 operational goals due to factors such as coal and power industry supply-demand dynamics and policy adjustments[2]. - The company confirmed that there were no violations of decision-making procedures regarding external guarantees[2]. - The company has no significant risk of more than half of the directors being unable to guarantee the authenticity of the annual report[2]. - The company recognizes the impact of macroeconomic fluctuations and aims to enhance research on macroeconomic policies to ensure sustainable development[138]. Corporate Governance - The company has established a comprehensive corporate governance structure that complies with relevant regulations and promotes effective decision-making[142]. - The board of directors consists of 8 members with diverse backgrounds, ensuring a balanced and knowledgeable decision-making process[143]. - The company has established effective communication channels with shareholders, including investor relations services and regular performance briefings[149]. - The company’s board of directors and senior management actively participated in shareholder meetings, enhancing transparency and engagement[151]. Environmental and Social Responsibility - The company has committed 123 million yuan to support rural revitalization and poverty alleviation efforts[21]. - The average total suspended particulate matter concentration at Huanghua Port decreased by 16.7% to 90.7μg/m3, earning the title of "Asia-Pacific Green Port" in 2021[120]. - The company has developed the largest-scale post-combustion CO2 capture and storage demonstration project at Jinjie Energy, achieving a CO2 capture rate greater than 90%[121]. Research and Development - The company obtained a total of 754 authorized patents in 2021, including 199 invention patents, highlighting its focus on technological innovation[38]. - The company has undertaken significant R&D projects, including smart mining technologies and CO2 capture and storage projects[53]. - The company invested 10,945 million yuan in equity investments in 2021, a 221.9% increase from 3,400 million yuan in 2020, to accelerate project development and establish a new energy company[106].