JZEG(SZ:000937)2022-04-28 16:00Financial Performance - The company's operating revenue for 2021 was ¥31,424,241,158.19, representing a 52.23% increase compared to ¥20,642,554,379.76 in 2020[14]. - The net profit attributable to shareholders for 2021 was ¥2,739,346,330.99, a significant increase of 248.73% from ¥785,510,679.90 in 2020[14]. - Basic earnings per share for 2021 reached ¥0.7752, up 248.72% from ¥0.2223 in 2020[14]. - The company achieved an annual revenue of 31.424 billion yuan, a year-on-year increase of 107.82 million yuan, and a net profit of 3.512 billion yuan, up by 235.8 million yuan, marking the best operating performance since its establishment[24]. - The company reported a significant increase in operating profit to 95,966.76 million yuan from its coal mining subsidiary[53]. - The total operating revenue for 2021 was CNY 31,424,241,158.19, representing a 52.3% increase from CNY 20,642,554,379.76 in 2020[190]. - The net profit for 2021 reached CNY 3,512,087,353.91, a significant increase compared to CNY 1,153,730,066.83 in 2020, marking a growth of 204.5%[191]. Assets and Liabilities - The company's total assets at the end of 2021 were ¥49,936,991,044.63, a slight decrease of 0.34% from ¥50,109,863,788.67 at the end of 2020[14]. - The total liabilities decreased to CNY 21,724,523,861.79 in 2021 from CNY 23,790,039,819.52 in 2020, reflecting a reduction of approximately 8.7%[189]. - The company's total assets amounted to CNY 43,967,723,936.15, down from CNY 45,413,046,029.22 in the previous year, indicating a decrease of about 3.2%[189]. - The company's cash and cash equivalents decreased by ¥2,801,237,198.09, marking a 202.64% decline compared to the previous year[43]. - The company's inventory increased by 24.23% to ¥998,344,406.36, which is 2.00% of total assets[45]. Cash Flow - The net cash flow from operating activities for 2021 was ¥5,018,810,655.08, a decrease of 24.41% from ¥6,639,715,519.64 in 2020[14]. - The net cash flow from investment activities significantly increased compared to the previous period, primarily due to high cash payments for acquiring equity in Qinglong Coal, North China Pharmaceutical, and Jinniu Chemical[44]. - The cash flow from financing activities decreased significantly due to increased repayments of maturing corporate bonds and dividends[44]. - The cash inflow from sales of goods and services was ¥14,598,675,584.76 in 2021, down from ¥15,275,782,216.57 in 2020, reflecting a decline of 4.4%[198]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥10.00 per 10 shares (including tax) to all shareholders[4]. - The company maintained a dividend payout of 1.443 billion yuan, accounting for 125% of the annual net profit, reflecting strong growth and a consistent dividend policy[26]. - The cash dividend distribution plan for 2021 is to distribute CNY 10.00 per 10 shares, totaling CNY 3,533,546,850.00[91]. - The company has a stable profit distribution policy, emphasizing reasonable returns to investors while ensuring sustainable development[89]. Production and Sales - The company produced 25.86 million tons of raw coal in 2021, with coal sales volume reaching 29.09 million tons[21]. - The coal segment generated ¥24,756,772,006.81, accounting for 78.78% of total revenue, with a year-on-year growth of 58.77%[31]. - The average selling price of washed coking coal increased by 61.13% to 1,511 yuan in 2021 compared to 937.76 yuan in 2020[28]. - The company’s coal sales volume remained stable at 29.0931 million tons in 2021, showing no change compared to 2020[27]. Research and Development - Research and development expenses amounted to ¥325,310,145.02, reflecting a 33.81% increase from the previous year[42]. - The company is committed to ongoing research and development of new products and technologies to drive future growth[64]. - The company emphasizes technological innovation and resource integration in its operational strategy[71]. Governance and Management - The company has implemented a comprehensive risk management strategy, focusing on internal controls and investor relations to enhance governance capabilities[26]. - The company has a clear ownership structure with no instances of assets being occupied or used by the controlling shareholder without compensation[58]. - The company has a robust internal control system and governance framework, including a board of directors and supervisory board[60]. - The company reported a significant leadership change with the resignation of Chairman Zhao Bingwen, General Manager Zhao Shengshan, and Director Zhao Pengfei on October 8, 2021 due to work-related reasons[64]. Environmental Responsibility - The company has implemented online monitoring systems for wastewater discharge, ensuring compliance with environmental standards[102]. - The company has not reported any significant environmental violations or exceedances in pollutant discharge limits[102]. - The company is committed to reducing emissions and has implemented measures to ensure compliance with the Hebei Province air pollution standards[103]. - The company has taken corrective measures in response to environmental violations, ensuring compliance with regulations[106]. Related Party Transactions - The company engaged in related party transactions with Peak Group, with a transaction amount of CNY 160,600, representing 0.16% of similar transactions[127]. - The total procurement from related parties was 20,044.10 million, making up 9.06% of the total procurement[129]. - The company maintained a consistent pricing strategy in its transactions with related parties, ensuring market pricing compliance[129]. Future Outlook - The company plans to achieve a raw coal production target of 25.84 million tons and an operating revenue of 32 billion yuan for 2022[54]. - The overall performance outlook for the next quarter remains positive, with expected revenue growth across all segments[130]. - The company aims to explore potential mergers and acquisitions to strengthen its market position[130].