JZEG(SZ:000937)2022-05-05 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]. - The net profit after deducting non-recurring gains and losses was ¥2,530,849,616.74, which is a 216.44% increase compared to ¥799,785,700.14 in 2020[14]. - The basic earnings per share for 2021 was ¥0.7752, up 248.72% from ¥0.2223 in 2020[14]. - The weighted average return on equity for 2021 was 13.58%, an increase of 9.69% from 3.89% in 2020[14]. - The total revenue for 2021 reached ¥31,424,241,158.19, a 52.23% increase from ¥20,642,554,379.76 in 2020[31]. - The company achieved an operating revenue of 31.424 billion yuan and a net profit of 3.512 billion yuan in the past year, marking an increase of 107.82 million yuan and 23.58 million yuan year-on-year, respectively, achieving the best operating performance since its establishment[25]. - The company reported a net profit of 10,006.22 million CNY from coal mining and processing activities[54]. - The company reported a significant increase in coal production, reaching 10 million tons in 2021, representing a 15% year-over-year growth[71]. - The company plans to achieve a raw coal production target of 25.84 million tons and an operating revenue of 32 billion CNY for 2022[55]. Operational Performance - The company produced 25.86 million tons of raw coal and sold 29.09 million tons in 2021, reflecting a strong operational performance[21]. - The total coal production in 2021 was 25.8634 million tons, a decrease of 6.24% compared to 2020, while sales volume remained stable at 29.0931 million tons, showing no change year-on-year[26][28]. - The average selling price of washed coal increased by 61.13% to 1,511 yuan in 2021 compared to 2020, contributing to improved revenue[29]. - The company has a total geological reserve of 3 billion tons and an annual approved production capacity of 32.43 million tons as of December 31, 2021[23]. - The company has implemented strategic measures to enhance operational efficiency, achieving record monthly production in certain segments and improving overall productivity[26]. - The company plans to maintain stable coal production levels in 2022, anticipating a balanced supply-demand scenario in the coal market[20]. Cash Flow and Investments - 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 company’s total investment cash outflow decreased by 49.85% to ¥2,387,849,800.18[44]. - The company’s cash and cash equivalents decreased by 5.10% from the beginning of the year, amounting to ¥12,138,926,173.52, which represents 24.31% of total assets[46]. - The company reported a significant increase in investment income, which reached ¥440.22 million in 2021, down from ¥607.42 million in 2020, indicating a decrease of about 27.6%[199]. Shareholder Returns - 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, representing 125% of the annual net profit, reflecting strong financial health and commitment to shareholder returns[27]. - The company declared a cash dividend of 10.00 CNY per 10 shares, totaling 3,533,546,850 CNY, which represents 100% of the distributable profit[94]. - The distributable profit for the year was reported at 11,051,748,138.65 CNY, with a retained earnings balance of 12,123,948,963.09 CNY at year-end[94]. Internal Controls and Governance - The company has established a robust internal control system to mitigate risks and enhance governance capabilities, ensuring sustainable growth and operational stability[27]. - The company has identified significant internal control deficiencies in non-financial reporting during the audit process[3]. - The internal control system has been established to ensure compliance with laws and regulations, focusing on governance structure and risk management[96]. - A significant internal control deficiency was identified regarding the approval process for related party transactions, but it did not impact the financial report[97]. - The company has a governance structure that complies with the requirements of the Company Law and the China Securities Regulatory Commission[58]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a commitment to environmental responsibility[105]. - The company reported a total of 0.815 tons of particulate matter emissions, significantly below the standard limit of 30 mg/m3[106]. - The company has implemented online monitoring systems for emissions, ensuring compliance with local environmental regulations[111]. - The company has successfully registered and approved environmental impact assessments for multiple projects, demonstrating proactive environmental management[111]. - The company has incurred a total of 7.117 million yuan in environmental fines during the reporting period, all of which were of a general nature and did not involve any environmental incidents[115]. Strategic Initiatives - The company is focused on high-quality development, with ongoing projects such as the completion of the first phase of Jizhong New Materials and the operation of the provincial coal emergency guarantee storage and transportation center[27]. - The company plans to expand its production capacity with the new 100,000-ton production line for glass fiber, which commenced operations in March 2021[35]. - The company is exploring potential mergers and acquisitions to enhance its resource base and market share[71]. - The company plans to expand its market presence in the northern regions of China, aiming for a 15% increase in market share by 2023[74]. Management and Leadership - The company reported a significant leadership change on October 8, 2021, with the departure of Chairman Zhao Bingwen and General Manager Zhao Shengshan due to work-related reasons[66]. - The company has experienced a turnover in its board and management, indicating potential shifts in strategic direction and operational focus[68]. - The current management team includes experienced professionals with backgrounds in engineering, economics, and finance, ensuring strong leadership[69]. - The management team emphasizes a commitment to corporate governance and transparency, with regular updates to stakeholders planned[71]. Related Party Transactions - The company reported a total of 1,046.36 million yuan in related party transactions, accounting for 23.62% of similar transaction amounts[135]. - The pricing for all related party transactions was based on market pricing principles, maintaining transparency[135]. - The company has not reported any revenue from the Mechanical Equipment Group, indicating a potential area for improvement[136]. - The company has established a procurement relationship with related parties, with a total of 377.59 million in transactions recorded[138]. Community Engagement - The company has established three poverty alleviation work teams with a total of 9 members, focusing on supporting local communities and enhancing infrastructure[116]. - The company has actively participated in local pandemic prevention efforts by donating medical supplies to its supported villages[117]. - The company has donated over a thousand pieces of clothing to local residents as part of its community support initiatives[117].