Financial Performance - In 2021, the company's operating revenue reached ¥8,368,948,499.39, a 91.84% increase compared to ¥4,362,451,555.36 in 2020[14]. - The net profit attributable to shareholders was ¥2,014,459,840.72, marking a significant increase of 4,105.92% from ¥47,895,808.76 in the previous year[14]. - The net cash flow from operating activities was ¥4,279,086,686.66, up 142.72% from ¥1,762,948,200.65 in 2020[14]. - The basic earnings per share rose to ¥1.68, a 4,100% increase from ¥0.04 in 2020[17]. - The weighted average return on equity increased to 23.34%, up 22.73 percentage points from 0.61% in 2020[17]. - The company's total assets at the end of 2021 were ¥28,579,248,111.83, a 14.88% increase from ¥24,876,507,212.91 at the end of 2020[14]. - The net assets attributable to shareholders increased by 26.26% to ¥9,647,884,833.84 from ¥7,641,092,946.68 in 2020[14]. - The company reported a quarterly revenue of ¥2,789,021,901.57 in Q4 2021, contributing to a total annual revenue growth[19]. - Non-recurring gains and losses totaled -¥52,733,256.17 in 2021, compared to a gain of ¥148,439,790.56 in 2020[19]. Dividend and Capital Management - The company plans to distribute a cash dividend of 5.50 CNY per 10 shares, totaling approximately 659.99 million CNY, based on a total share capital of 1,199,998,272 shares as of December 31, 2021[4]. - The company will increase its capital reserve by converting 2 shares for every 10 shares held, without distributing stock dividends[4]. Audit and Compliance - The company has received a standard unqualified audit report from Tianyuan Quan Accounting Firm[4]. - There are no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has not violated decision-making procedures for external guarantees[5]. - The company has a commitment to ensuring the authenticity, accuracy, and completeness of the annual report[4]. - The company has not faced any issues with a majority of directors being unable to guarantee the report's integrity[5]. Operational Highlights - In 2021, the company achieved a coal production of 13.72 million tons, an increase of 1.57 million tons or 12.9% year-on-year, and coal sales reached 14.23 million tons, the highest level since its establishment[26]. - The company completed an investment of 1.481 billion yuan in the Hongdun coal mine project in 2021, with a cumulative investment of 5.702 billion yuan[32]. - The company ensured coal supply of 1.4317 million tons for key power plants and fulfilled local government coal supply tasks of 128,400 tons in 2021[34]. - The company’s intelligent mining operations have increased production by 1,000 tons per single face per shift, achieving advanced industry levels[33]. Market Strategy and Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. - The company plans to achieve a coal production capacity of 30 million tons by the end of the 14th Five-Year Plan, with significant growth expected in the next five years[46]. - The company aims to enhance its coal production capacity and improve the quality of its coal business to support future transformation and upgrades[67]. - The company is committed to improving environmental protection and reducing carbon emissions in response to stricter regulations[40]. Corporate Governance - The company held 6 board meetings in 2021, passing 51 resolutions[74]. - A total of 3 shareholder meetings were conducted, including 1 annual and 2 extraordinary meetings, with 17 resolutions passed[75]. - The company maintained compliance with corporate governance regulations without significant discrepancies[75]. - The company has implemented measures to ensure independence from controlling shareholders, with no significant conflicts reported[75]. Environmental and Social Responsibility - The company reported total emissions of 88.364 tons of SO2, 180.035 tons of NOx, and 16.763 tons of particulate matter for the year, with a total pollution tax payment of ¥507,320.13[119]. - The company has implemented measures to reduce carbon emissions, as detailed in its annual social responsibility report[128]. - The company actively participated in rural revitalization efforts, purchasing assistance products worth 7.3521 million yuan and contributing 7.05 million yuan to pandemic prevention and public welfare[34]. - The company has established an emergency response plan for environmental incidents, submitted for record on June 10, 2020[124]. Financial Position and Liabilities - The company's estimated liabilities surged to CNY 108.67 billion, a 649.55% increase from CNY 14.50 billion, primarily due to provisions related to contract disputes[58]. - Long-term borrowings reached CNY 493.82 billion, a 34.08% increase from CNY 368.30 billion, mainly due to new loans from various financial institutions[58]. - The total liabilities increased to ¥14,672,550,070.15 in 2021 from ¥13,666,888,742.07 in 2020, reflecting a growth of about 7.4%[188]. Research and Development - Research and development expenses decreased by 19.63% year-on-year to RMB 4,080.50 million[51]. - The total R&D expenditure for the period amounted to 28,591.23 million CNY, representing 3.42% of the operating revenue[56]. - The number of R&D personnel is 224, accounting for 3.95% of the total workforce[56]. Employee and Workforce Management - The company employed a total of 5,569 staff, with 2,104 in the parent company and 3,465 in major subsidiaries[100]. - The workforce includes 4,474 production personnel, 69 sales personnel, 545 technical personnel, 59 financial personnel, and 422 administrative personnel[100]. - A total of 90 personnel adjustments were made throughout the year, with 2 leaders reassigned due to incompetence[39]. Financial Instruments and Debt Management - The company issued two types of corporate bonds, with the first bond (14 昊华 01) having a balance of 14.04418 billion RMB and an interest rate of 5.50%[165]. - The second bond (14 昊华 02) has a balance of 4.29448 billion RMB and an interest rate of 5.85%[165]. - The company has maintained a loan repayment rate of 100% and an interest payment rate of 100%[175].
昊华能源(601101) - 2021 Q4 - 年度财报