XINJI ENERGY(SH:601918)2023-04-28 16:00Financial Performance - The company's operating revenue for 2022 was approximately CNY 12.00 billion, a decrease of 3.89% compared to CNY 12.49 billion in 2021[5]. - The net profit attributable to shareholders for 2022 was approximately CNY 2.06 billion, down 22.44% from CNY 2.66 billion in 2021[5]. - The net cash flow from operating activities decreased by 35.86% to approximately CNY 3.01 billion in 2022, compared to CNY 4.69 billion in 2021[5]. - The total profit for the period was CNY 3.24 billion, with a net profit attributable to shareholders of CNY 2.06 billion[99]. - The company's basic earnings per share for 2022 was CNY 0.797, a decrease of 22.40% compared to CNY 1.027 in 2021[112]. - The diluted earnings per share for 2022 also stood at CNY 0.797, reflecting the same percentage decrease of 22.40%[112]. - The net profit for the year was CNY 2,335,372,246.84, a decrease from CNY 2,691,038,285.18 in the previous year, representing a decline of approximately 13.2%[125]. - The total comprehensive income for the year was CNY 2,335,359,885.98, down from CNY 2,691,096,905.75, indicating a decrease of about 13.2%[125]. Assets and Liabilities - The total assets of the company increased by 7.13% to approximately CNY 33.71 billion at the end of 2022, up from CNY 31.46 billion at the end of 2021[5]. - The company's total assets increased to 33,705,931,194.57 in 2022 from 31,462,461,785.25 in 2021, marking a growth of approximately 7.09%[104]. - The total liabilities slightly increased to CNY 21,294,997,462.52 in 2022 from CNY 21,232,039,537.50 in 2021[104]. - The company's asset-liability ratio stands at 63.18%[99]. - The company's non-current liabilities decreased to CNY 10,398,847,692.94 in 2022 from CNY 11,332,832,049.20 in 2021[104]. - The company's total equity attributable to shareholders increased to approximately 11.468 billion yuan in 2022, up from 9.610 billion yuan in 2021, representing a growth of about 19.25%[89]. Revenue Sources - The company achieved total operating revenue of RMB 12,003,476,959.99 in 2022, with coal sales contributing RMB 7,317,506,200.00, accounting for 60.96% of total revenue[83]. - Coal mining segment revenue decreased by 13.88% year-on-year, while the power generation segment revenue increased by 22.72% year-on-year[75]. - The company produced 1,841.90 million tons of coal and sold 1,811.03 million tons, with a sales volume decrease of 0.16% year-on-year[77]. Investments and Expenditures - The company invested CNY 2.84 million in social and charitable donations, benefiting local communities in Huainan and surrounding areas[12]. - The company has invested in the construction of new power plants, including the planned Shangrao Power Plant with a capacity of 2*1000MW[97]. - The company signed a construction contract for the main project of the Lixin Power Plant for CNY 869.30 million in September 2022[58]. Shareholder Information - The largest shareholder, China Coal Energy Group Co., Ltd., holds 785,292,157 shares, accounting for 30.31% of the total shares[50]. - The second-largest shareholder, Guohua Energy Co., Ltd., holds 196,707,787 shares, accounting for 7.59% of the total shares, with 11,441,586 shares frozen[51]. - The company has no significant changes in share capital or shareholder structure during the reporting period[49]. Operational Efficiency and Strategy - The company is focusing on enhancing coal production efficiency through mechanization and automation, aiming to reduce energy consumption[11]. - The company is actively pursuing legal resolutions for ongoing contract disputes, indicating a focus on maintaining operational integrity and financial recovery[39]. - The company plans to focus on high-quality development in traditional coal and electricity industries while actively developing new energy sectors[93]. Environmental Initiatives - The company has initiated carbon emission monitoring and management plans, completing carbon audits for its power plants and coal mines in 2021[9]. - The company is actively promoting the construction of renewable energy projects, including solar and wind power, in line with carbon neutrality goals[11]. - The company has developed a low-carbon development path report to support its green and low-carbon initiatives[11]. Financial Reporting and Compliance - The company has not disclosed any significant changes in accounting policies or estimates that would impact financial reporting[33]. - The company is committed to maintaining high standards of financial reporting and has implemented various audit procedures to ensure accuracy[85]. - The company operates under the latest enterprise accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[165]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[106]. - Future outlook includes continued investment in new technologies and market expansion strategies to enhance growth[139].