平煤股份(601666) - 2023 Q1 - 季度财报

Important Disclosures The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume legal responsibility; the financial statements for this quarter are unaudited Important Disclosures The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume legal responsibility; the financial statements for this quarter are unaudited - The company's board of directors, supervisory board, and senior management assume legal responsibility for the truthfulness, accuracy, and completeness of the quarterly report content[3] - The financial statements for this reporting period are unaudited[3] Key Financial Data In Q1 2023, the company experienced a year-on-year decrease in operating revenue and net profit attributable to shareholders, while net cash flow from operating activities significantly increased; total assets and owners' equity attributable to shareholders also grew compared to the end of the previous year Key Accounting Data and Financial Indicators In Q1 2023, the company experienced a year-on-year decrease in operating revenue and net profit attributable to shareholders, while net cash flow from operating activities significantly increased; total assets and owners' equity attributable to shareholders also grew compared to the end of the previous year Key Accounting Data and Financial Indicators for Q1 2023 | Item | Current Period (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 8,629,943,812.34 | -10.86 | | Net Profit Attributable to Shareholders of Listed Company | 1,146,238,959.20 | -29.69 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | 1,022,525,485.39 | -37.99 | | Net Cash Flow from Operating Activities | 3,665,605,420.70 | 113.39 | | Basic Earnings Per Share (CNY/share) | 0.4951 | -29.69 | | Diluted Earnings Per Share (CNY/share) | 0.4951 | -29.69 | | Weighted Average Return on Net Assets (%) | 4.97 (Decrease of 4.19 percentage points) | - | | End of Current Period | | Change from End of Previous Year (%) | | Total Assets | 82,270,427,610.11 | 10.94 | | Owners' Equity Attributable to Shareholders of Listed Company | 24,332,605,988.57 | 11.84 | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for this period amounted to CNY 124 million, primarily driven by gains from investment costs in subsidiaries, associates, and joint ventures being less than the fair value of identifiable net assets acquired Non-recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Current Period Amount (CNY) | Notes | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -129,208.20 | | | Government Grants Included in Current Profit/Loss | 1,874,801.76 | | | Gains from Investment Costs in Subsidiaries, Associates, and Joint Ventures Being Less Than Fair Value of Identifiable Net Assets Acquired | 164,243,083.96 | | | Other Non-operating Income and Expenses Apart from the Above | -5,573,211.00 | | | Other Profit/Loss Items Meeting the Definition of Non-recurring Gains/Losses | 11,765,074.96 | | | Less: Income Tax Impact | 44,416,618.74 | | | Impact on Minority Interests (After Tax) | 4,050,448.93 | | | Total | 123,713,473.81 | | Changes and Reasons for Key Accounting Data and Financial Indicators Several balance sheet and income statement items experienced significant changes, primarily influenced by bond issuance, coal payment recovery, reclassification of prepaid engineering costs, and decreases in operating revenue and total profit - Cash and cash equivalents increased by 55.01%, primarily due to proceeds from bond issuance[9] - Notes receivable decreased by 100%, with no commercial acceptance bills held at period-end[9] - Accounts receivable increased by 42.97%, mainly due to some coal payments not yet recovered[9] - Bonds payable increased by 317.29%, primarily due to bond issuance[9] - Financial expenses increased by 40.28%, mainly due to higher bond interest expenses[9] Shareholder Information As of the end of the reporting period, the company had 85,669 common shareholders; China Pingmei Shenma Holding Group Co., Ltd. is the controlling shareholder with a 43.02% stake, with some shares pledged, and has increased its holdings through concerted parties Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 85,669 common shareholders; China Pingmei Shenma Holding Group Co., Ltd. is the controlling shareholder with a 43.02% stake, with some shares pledged, and has increased its holdings through concerted parties - Total number of common shareholders at the end of the reporting period was 85,669[10] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Percentage (%) | Share Status | Number of Pledged, Marked, or Frozen Shares | | :--- | :--- | :--- | :--- | :--- | :--- | | 中国平煤神马控股集团有限公司 | State-owned Legal Entity | 995,987,310 | 43.02 | Pledged | 640,000,000 | | 中国平煤神马集团－平安证券－22 平神 E1 担保及信托财产专户 | Other | 125,000,000 | 5.40 | None | | | 香港中央结算有限公司 | Unknown | 66,636,057 | 2.88 | None | | | 中国平煤神马集团－平安证券－22 平神 E2 担保及信托财产专户 | Other | 62,500,000 | 2.70 | None | | | 中央汇金资产管理有限责任公司 | State-owned Legal Entity | 31,761,092 | 1.37 | None | | | 上海伊洛私募基金管理有限公司 －君安 2 号伊洛私募证券投资基 金 | Other | 30,021,500 | 1.30 | None | | | 东方证券股份有限公司 | State-owned Legal Entity | 29,580,805 | 1.28 | None | | | 孙鹏远 | Domestic Natural Person | 25,319,500 | 1.09 | None | | | 招商银行股份有限公司－上证红 利交易型开放式指数证券投资基 金 | Other | 24,253,335 | 1.05 | None | | | 全国社保基金一一零组合 | Other | 20,006,826 | 0.86 | None | | - Controlling shareholder China Pingmei Shenma Holding Group Co., Ltd. added concerted parties Shanghai Yiluo Investment Management Co., Ltd. Junxing Yuanhang No. 1 Private Securities Investment Fund and Jun'an No. 2 Yiluo Private Securities Investment Fund due to sub-account management planning needs, transferring a total of 46,970,000 shares via block trades; these private funds are 100% owned by China Pingmei Shenma Group[13] Other Reminders During this reporting period, the company has no other significant operating information requiring special attention from investors Other Reminders During this reporting period, the company has no other significant operating information requiring special attention from investors - The company's operating performance during the reporting period has no other important information requiring investor attention[14] Quarterly Financial Statements The financial statements for this quarter are unaudited Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[14] Financial Statements This section provides the company's unaudited balance sheet, income statement, and cash flow statement for Q1 2023, comprehensively presenting the financial position, operating results, and cash flow at the end of the reporting period Balance Sheet As of March 31, 2023, the company's total assets increased by 10.94% from the end of 2022, primarily due to significant increases in cash and cash equivalents, accounts receivable, and prepayments; total liabilities and owners' equity also grew, with substantial increases in bonds payable and long-term borrowings Key Balance Sheet Items as of March 31, 2023 | Item | March 31, 2023 (CNY) | December 31, 2022 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 21,827,943,590.45 | 14,082,012,699.80 | 55.01 | | Notes Receivable | 0 | 475,000,000.00 | -100.00 | | Accounts Receivable | 3,617,817,056.17 | 2,530,392,047.33 | 42.97 | | Prepayments | 470,503,174.44 | 280,733,771.93 | 67.60 | | Other Current Assets | 123,891,941.04 | 325,467,108.18 | -61.93 | | Other Non-current Assets | 321,193,246.87 | 155,572,682.94 | 106.46 | | Total Current Assets | 28,445,885,442.31 | 20,146,577,003.32 | 41.10 | | Total Non-current Assets | 53,824,542,167.80 | 54,010,699,943.20 | -0.35 | | Total Assets | 82,270,427,610.11 | 74,157,276,946.52 | 10.94 | | Short-term Borrowings | 6,644,170,000.00 | 7,261,359,895.20 | -8.49 | | Notes Payable | 13,683,072,258.64 | 12,966,185,918.77 | 5.53 | | Taxes Payable | 643,160,679.38 | 956,127,098.78 | -32.73 | | Total Current Liabilities | 37,325,678,609.57 | 37,942,133,902.98 | -1.63 | | Long-term Borrowings | 1,920,000,000.00 | 1,363,500,000.00 | 40.81 | | Bonds Payable | 7,232,669,792.17 | 1,733,249,837.28 | 317.29 | | Deferred Income | 92,729,650.83 | 280,071,314.96 | -66.89 | | Total Non-current Liabilities | 17,396,058,182.25 | 11,440,122,289.92 | 52.06 | | Total Liabilities | 54,721,736,791.82 | 49,382,256,192.90 | 10.82 | | Other Equity Instruments | 1,872,470,131.70 | 796,075,471.70 | 135.21 | | Special Reserves | 649,052,613.96 | 296,537,907.20 | 118.88 | | Total Owners' Equity Attributable to Parent Company | 24,332,605,988.57 | 21,757,457,662.61 | 11.84 | | Total Owners' Equity | 27,548,690,818.29 | 24,775,020,753.62 | 11.19 | Income Statement In Q1 2023, the company's total operating revenue decreased by 10.86% year-on-year, and net profit decreased by 29.60%; operating profit and total profit also saw significant declines, mainly due to reduced operating revenue and increased financial expenses Key Income Statement Items for Q1 2023 | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 8,629,943,812.34 | 9,681,332,374.10 | -10.86 | | Total Operating Costs | 7,095,641,208.26 | 7,275,226,724.14 | -2.47 | | Operating Profit | 1,545,721,257.40 | 2,425,925,077.43 | -36.28 | | Total Profit | 1,704,492,144.09 | 2,402,364,853.39 | -29.05 | | Income Tax Expense | 444,530,501.31 | 612,865,477.95 | -27.47 | | Net Profit | 1,259,961,642.78 | 1,789,499,375.44 | -29.60 | | Net Profit Attributable to Parent Company Shareholders | 1,146,238,959.20 | 1,630,289,556.53 | -29.69 | | Minority Interests | 113,722,683.58 | 159,209,818.91 | -28.57 | | Total Comprehensive Income | 1,259,961,642.78 | 1,789,499,375.44 | -29.60 | | Basic Earnings Per Share (CNY/share) | 0.4951 | 0.7042 | -29.69 | | Diluted Earnings Per Share (CNY/share) | 0.4951 | 0.7042 | -29.69 | Cash Flow Statement In Q1 2023, net cash flow from operating activities significantly increased by 113.39% year-on-year, indicating strong operational cash generation; reduced cash outflow from investing activities and significantly increased cash inflow from financing activities led to a substantial rise in net increase in cash and cash equivalents Key Cash Flow Statement Items for Q1 2023 | Item | Q1 2023 (CNY) | Q1 2022 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 3,665,605,420.70 | 1,717,807,356.79 | 113.39 | | Net Cash Flow from Investing Activities | -1,258,899,253.84 | -2,431,283,090.56 | 48.22 (Decreased outflow) | | Net Cash Flow from Financing Activities | 6,333,553,011.34 | 1,782,523,182.19 | 255.32 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 9,285,952.26 | 4,669,025.10 | 98.89 | | Net Increase in Cash and Cash Equivalents | 8,749,545,130.46 | 1,073,716,473.52 | 714.81 | | Cash and Cash Equivalents at Period-end | 15,724,147,689.64 | 5,316,170,638.66 | 195.78 |