中煤能源(601898) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 59,158,383, a decrease of 4.2% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 7,155,268, representing an increase of 5.3% year-on-year[4] - The net cash flow from operating activities reached CNY 11,098,196, up by 11.3% compared to the previous year[4] - The company reported a basic earnings per share of CNY 0.54, which is a 5.9% increase year-on-year[4] - Net profit for Q1 2023 reached CNY 9,422,617, slightly up from CNY 9,410,870 in Q1 2022, representing a growth of 0.1%[22] - Profit attributable to shareholders of the parent company was CNY 7,155,268, an increase of 5.4% compared to CNY 6,792,681 in Q1 2022[22] - Earnings per share for Q1 2023 was CNY 0.54, compared to CNY 0.51 in Q1 2022, reflecting a growth of 5.9%[22] Revenue and Sales - In Q1 2023, the company's coal business achieved operating revenue of 50.744 billion RMB, a decrease of 2.5% from 53.612 billion RMB in the same period last year[9] - The sales revenue from self-produced coal was 21.842 billion RMB, down 2.5% year-on-year, primarily due to a decrease in sales price by 56 RMB/ton[9] - The total sales volume of self-produced coal increased by 1.76 million tons, contributing an additional revenue of 1.283 billion RMB[9] - The total coal sales volume was 7,477 million tons, up 7.5% from 6,957 million tons in the same period last year[6] - The sales volume of urea increased to 6.45 million tons, with a sales price of 2,718 RMB/ton, reflecting a year-on-year increase of 4.7% in sales price[13] - The company reported a significant increase in the sales volume of ammonium nitrate to 1.21 million tons, with a sales price of 2,459 RMB/ton, down 10.0% year-on-year[13] Costs and Expenses - The operating cost of the coal business was 37.512 billion RMB, a reduction of 7.7% compared to 40.620 billion RMB last year[9] - Material costs decreased by 14.8% to 5.105 billion RMB, while labor costs fell by 15.7% to 3.619 billion RMB[12] - The unit sales cost of self-produced coal decreased to 272.55 RMB/ton, down 12.9% from 313.05 RMB/ton in the previous year[11] - The company reported a financial expense of CNY 742,759, down 24.3% from CNY 981,488 in Q1 2022[21] - The company incurred financial expenses of CNY 277,405 in Q1 2023, a decrease of 25.4% from CNY 372,103 in Q1 2022[29] Assets and Liabilities - The total assets at the end of Q1 2023 were CNY 348,420,972, reflecting a 2.4% increase from the end of the previous year[4] - The total current assets as of March 31, 2023, amount to 133,165,919 thousand RMB, an increase from 123,911,042 thousand RMB at the end of 2022[18] - The total liabilities as of March 31, 2023, amount to 101,557,925 thousand RMB, a decrease from 104,998,190 thousand RMB at the end of 2022[19] - The cash and cash equivalents as of March 31, 2023, are 95,532,665 thousand RMB, up from 91,025,520 thousand RMB at the end of 2022[18] - The company's total liabilities reached RMB 60,137,313 thousand, compared to RMB 59,325,946 thousand at the end of 2022, indicating an increase in leverage[26] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 126,715[15] - The largest shareholder, China Coal Energy Group Co., Ltd., holds 7,605,207,608 shares, representing 57.36% of total shares[15] Cash Flow - In Q1 2023, the company reported operating cash inflow of RMB 64,483,204 thousand, slightly up from RMB 64,340,380 thousand in Q1 2022, reflecting a growth of 0.22%[23] - The company experienced a decrease in cash inflow from investment activities, reporting a net cash outflow of RMB 3,527,912 thousand, compared to RMB 8,173,976 thousand in Q1 2022[24] - Cash flow from financing activities showed a net outflow of RMB 5,120,759 thousand, a significant increase from RMB 311,895 thousand in the previous year[24] Strategic Focus - The company is focusing on optimizing its cost structure, with a notable reduction in transportation and miscellaneous expenses by 14.7%[12] - The company plans to focus on market expansion and new product development in the upcoming quarters[30] - The company has no significant new product or technology developments reported in the current quarter[17] - There are no significant mergers or acquisitions reported during the reporting period[17]