XINJI ENERGY(SH:601918)2022-04-22 16:00Financial Performance - The company's operating revenue for 2021 was CNY 12,488,590,186.28, representing a 49.48% increase compared to 2020[21] - Net profit attributable to shareholders for 2021 reached CNY 2,433,924,455.66, a significant increase of 187.32% from the previous year[21] - The net cash flow from operating activities was CNY 4,460,117,317.05, up 119.32% year-on-year[21] - Basic earnings per share for 2021 were CNY 0.940, reflecting a 187.46% increase compared to 2020[22] - The company's total assets as of the end of 2021 amounted to CNY 31,234,749,162.03, a 9.72% increase from the end of 2020[21] - The net assets attributable to shareholders increased by 35.03% to CNY 9,382,036,402.29 at the end of 2021[21] - The company reported a total profit of 3.289 billion RMB for the year[30] - The company achieved operating revenue of 12.49 billion RMB, a year-on-year increase of 49.48%[37] - The total profit for the period was 3.29 billion RMB, with a net profit attributable to shareholders of 2.43 billion RMB[37] Production and Sales - The coal production volume was 16.9603 million tons, an increase of 4.86% compared to the previous year, while coal sales reached 16.9007 million tons, up by 7.27%[30] - The company's coal production capacity reached 20.5 million tons per year, with significant contributions from its mining operations[33] - The company's coal reserves amount to 10.16 billion tons, accounting for approximately 40% of the total resources of the four major coal enterprises in Anhui Province[34] - The coal mining segment generated revenue of approximately 9.08 billion RMB, with a gross margin of 56.50%, an increase of 11.53 percentage points year-on-year[42] - The company’s electricity generation segment reported revenue of approximately 3.41 billion RMB, with a gross margin of 7.20%, a decrease of 16.15 percentage points year-on-year[42] Cash Flow and Dividends - The net cash flow from operating activities was 4.418 billion RMB, indicating strong cash generation capabilities[30] - The company plans to distribute a cash dividend of CNY 0.70 per 10 shares, totaling CNY 181,337,926.00[6] - The company's cash flow from operating activities was 4.46 billion RMB, reflecting a substantial increase of 119.32% compared to the previous year[38] Market and Operational Risks - The company highlights risks related to coal and electricity market policies, supply-demand relationships, and potential public health events affecting operations[10] - Market risks exist due to fluctuations in coal and electricity prices influenced by domestic supply and demand dynamics, prompting the company to enhance its market risk resistance[80] - Environmental risks are increasing due to stricter national energy-saving and environmental protection policies, with the company committing to accelerate clean and efficient coal development[80] - The COVID-19 pandemic has significantly impacted the coal industry, leading to weakened market demand and declining coal prices; the company is implementing measures to ensure operational safety and health[80] Strategic Development - The company plans to focus on high-quality development and expand into new energy sectors while enhancing traditional coal and electricity industries[30] - The company emphasizes a "3+N" development strategy focusing on coal, coal power, and new energy, aiming to become a model for energy in East China[76] - The company plans to expand its comprehensive energy service business, focusing on energy trading, microgrid construction, and energy storage applications, aiming to establish itself as a leading energy service provider in East China[68] Environmental Management - The company has implemented a comprehensive pollution prevention and control strategy, including the use of advanced technologies for dust removal and desulfurization[120] - The company reported a total annual pollutant discharge limit for chemical oxygen demand (COD) of 116.75 tons and actual discharge of 40.76 tons during the reporting period, indicating a compliance rate of approximately 65%[119] - The company has established a dedicated support team for poverty alleviation, ensuring effective transition from poverty alleviation to rural revitalization[138] Corporate Governance - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 10.34 million[90] - The company has a total of 14 directors and supervisors listed in the report, with varying backgrounds in the coal and energy sectors[92] - The board of directors held a total of 5 meetings during the year, all of which were in-person meetings[99] Related Party Transactions - The total amount of related party transactions in 2021 reached CNY 3,747,945,078.35, with significant contributions from sales of goods and services[152] - The company engaged in transactions with Anhui Chuyuan Industrial Co., Ltd. totaling CNY 815,040,142.44, primarily in mining product sales and logistics services[150] Legal Matters - The company has ongoing litigation with Anhui Liu Zhuang Real Estate Co., claiming a total amount of CNY 394,104,579.52, with the Supreme People's Court ruling in favor of the company[146] - The company is involved in a lawsuit against Huainan Xin Jinjiang Hotel Co., with a claim amount of CNY 80,587,979.10, and the court has rejected the defendants' retrial application[146]