2023-04-28 16:00Financial Performance - The operating revenue for Q1 2023 was RMB 87,042 million, an increase of 3.7% compared to RMB 83,902 million in the same period last year[4]. - The net profit attributable to shareholders was RMB 18,612 million, a decrease of 1.9% from RMB 18,982 million in Q1 2022[4]. - The net cash flow from operating activities was RMB 29,203 million, reflecting a 2.7% increase from RMB 28,436 million in the previous year[4]. - Revenue for Q1 2023 was 68,925 million RMB, reflecting a 1.6% increase from 67,854 million RMB in Q1 2022, driven by higher coal sales volume[17]. - The gross profit for Q1 2023 was 23,253 million RMB, down 3.4% from 24,080 million RMB in Q1 2022, resulting in a gross margin decrease of 1.8 percentage points to 33.7%[17]. - The company reported a profit before tax of 17,416 million RMB in Q1 2023, a decrease of 6.9% from 18,701 million RMB in Q1 2022[17]. - The total profit for Q1 2023 was RMB 3,237 million, reflecting a decline of 24.8% compared to RMB 4,303 million in the same period last year[24]. - Net profit for Q1 2023 was RMB 21,263 million, a decrease of 5.4% from RMB 22,482 million in Q1 2022[30]. Assets and Liabilities - Total assets at the end of Q1 2023 reached RMB 644,093 million, up 3.6% from RMB 621,701 million at the end of the previous year[5]. - The equity attributable to shareholders increased by 5.5% to RMB 415,380 million from RMB 393,900 million at the end of 2022[5]. - The total liabilities decreased to RMB 160,429 million from RMB 162,524 million at the end of 2022[29]. - Cash and cash equivalents increased by 9.0% to RMB 185,766 million, driven by net cash inflow from operating activities[10]. - Cash and cash equivalents at the end of Q1 2023 totaled RMB 147,053 million, down from RMB 170,227 million at the end of Q1 2022[34]. Production and Sales - Total coal production for Q1 2023 was 80.1 million tons, a decrease of 0.9% compared to 80.8 million tons in Q1 2022[14]. - Coal sales volume increased to 107.6 million tons, up 1.8% from 105.7 million tons in the same period last year[14]. - The total electricity generation reached 51.71 billion kWh, representing a 10.6% increase from 46.75 billion kWh in Q1 2022[14]. - The total sales of electricity amounted to 48.75 billion kWh, which is a 10.8% increase compared to 43.99 billion kWh in Q1 2022[14]. - The company reported a 9.7% increase in purchased coal volume, rising to 28.2 million tons from 25.7 million tons year-over-year[14]. - The sales volume of polyethylene was 91.1 thousand tons, slightly up by 0.3% from 90.8 thousand tons in the previous year[14]. - The sales volume of imported coal was 1.4 million tons, unchanged from Q1 2022, with an average price of 875 RMB/ton[16]. - The company recorded a total comprehensive income of RMB 21,293 million in Q1 2023, compared to RMB 22,809 million in Q1 2022[31]. Costs and Expenses - The company's operating costs rose by 10.3% to RMB 55,211 million, primarily due to increased safety production fees and repair costs[9]. - Total operating costs for Q1 2023 were RMB 62,588 million, up 9.5% from RMB 57,439 million in Q1 2022[30]. - The total production cost per ton of self-produced coal increased by 12.9% to 169.4 RMB/ton in Q1 2023, compared to 150.0 RMB/ton in Q1 2022[19]. - Research and development expenses decreased to RMB 242 million in Q1 2023 from RMB 335 million in Q1 2022, a reduction of 27.8%[30]. - The company reported a decrease in financial expenses to RMB 45 million in Q1 2023 from RMB 20 million in Q1 2022[30]. Market and Future Outlook - The company anticipates that coal demand will continue to grow in 2023, supported by economic growth and production policies[26]. - The company plans to expand its photovoltaic power generation capacity, adding 14 MW in Guangdong and Fujian provinces during the reporting period[22]. - The company reported a significant increase in coal imports, totaling 10.18 million tons, which is a 96.1% year-over-year increase[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 183,250, with the largest shareholder holding 69.52% of the shares[12]. - Basic and diluted earnings per share for Q1 2023 were both RMB 0.937, a slight decrease from RMB 0.955 in Q1 2022[31].