SHCI(SH:601225)2022-04-27 16:00Financial Performance - In 2021, Shaanxi Coal achieved a net profit attributable to shareholders of 21.14 billion RMB, with a proposed cash dividend of 13.50 RMB per 10 shares, totaling 13.09 billion RMB, which accounts for 61.91% of the net profit [2]. - The company has reported a total of 9.695 billion shares outstanding, which is the basis for the dividend distribution [2]. - In 2021, the company achieved an operating income of 15,226.64 million RMB, a year-on-year increase of 60.17% [12]. - The net profit attributable to shareholders reached 2,113.97 million RMB, reflecting a growth of 42.26% compared to the previous year [12]. - The net profit after deducting non-recurring gains and losses was 2,047.98 million RMB, which is a significant increase of 125.21% year-on-year [12]. - The net cash flow from operating activities amounted to 5,112.09 million RMB, up 141.75% from the previous year [12]. - The company's total assets at the end of 2021 were 18,540.73 million RMB, representing a 24.32% increase from the end of 2020 [12]. - The basic earnings per share for 2021 was 2.18 RMB, an increase of 42.48% compared to 2020 [13]. - The weighted average return on equity rose to 27.24%, an increase of 4.09 percentage points from the previous year [13]. - The total profit reached 40.69 billion RMB, up 69.84% year-on-year [41]. - The company reported operating revenue of 152.27 billion RMB, a year-on-year increase of 60.17% [41]. Operational Highlights - The coal production for the year was 136 million tons, marking an 8.39% increase year-on-year [18]. - The coal sales volume was 230.58 million tons, a decrease of 4.56% year-on-year, with railway transport volume down by 10.17% [37]. - The average selling price of coal rose to 601.59 RMB/ton, an increase of 65.52% year-on-year [40]. - The company has established a smart mining capacity ratio of 95%, leading the coal industry among listed companies [28]. - The company has increased its production capacity by 6 million tons per year for four mines, ensuring stable release of high-quality capacity [30]. - The company achieved a coal production of 136 million tons, an increase of 8.39% year-on-year [31]. - The sales volume of self-produced coal was 134.29 million tons, an increase of 10.42 million tons year-on-year, while the average selling price rose to 583.58 RMB/ton, up 236.17 RMB/ton [49]. Strategic Initiatives - The company emphasized its commitment to intelligent mining and green development, positioning itself as a leader in the industry [18]. - The company has optimized its investment map in line with national carbon peak and neutrality goals, focusing on high-quality assets in new energy and new materials [25]. - The company plans to expand its market presence and enhance product offerings, focusing on new technologies and strategic acquisitions [46]. - The company is focusing on digital transformation and the development of a real-time supply chain for coal resources [32]. - The company plans to strengthen safety production management and promote the construction of "smart mines" and "intelligent mining areas" to improve operational efficiency [84]. - The company will implement strategic development planning in line with the "14th Five-Year Plan," aiming for high-quality development and industry leadership [83]. Risk Management and Governance - The company has a comprehensive risk management strategy outlined in its management discussion and analysis section [3]. - The company emphasizes the importance of monitoring its periodic reports and announcements due to potential investment risks [3]. - The company operates under the supervision of its board of directors and has ensured that all members are accountable for the report's integrity [2]. - The company has established a comprehensive corporate governance structure, including a board of directors, supervisory board, and management team, ensuring effective decision-making and supervision [90]. - The company has set up six specialized committees under the board to assist in decision-making and monitoring functions, enhancing risk control and execution capabilities [91]. - The company has a robust internal control system covering various management aspects, aimed at minimizing operational risks [91]. Environmental and Social Responsibility - The company invested 4.87 million yuan in poverty alleviation projects, supporting initiatives worth 52.39 million yuan in cash equivalents [27]. - The company has established a carbon neutral forest covering 1,247 acres in the Lintao area and 2,100 acres in the Yuandatan area to enhance carbon sink capacity [158]. - The company has actively engaged in ecological restoration projects, with 95% of the total area of the waste rock mountain covered with soil and 90% greened [156]. - The company is involved in social responsibility initiatives, including employment support and pandemic prevention measures for local communities [160]. - The company has developed a comprehensive carbon accounting framework in collaboration with local universities to address carbon emissions [158]. Future Outlook - The company anticipates that coal demand will moderately increase in 2022, with production capacity continuing to rise, particularly in key coal-producing regions [81]. - The company aims to enhance the quality of the national coal supply system in 2022, with expectations for coal prices to stabilize from high levels to a relatively reasonable range [82]. - The company plans to cultivate new industries and develop new growth drivers, focusing on investments in new energy, new materials, and new economies [85]. - Future guidance indicates a commitment to sustainable growth and increased profitability in the upcoming fiscal year [100].