IMDTECL(SZ:002128)2022-04-14 16:00Financial Performance - The company's operating revenue for 2021 was ¥37,633,252,804.35, an increase of 22.79% compared to 2020[13]. - The net profit attributable to shareholders for 2021 was ¥24,649,113,224.34, representing a 71.92% increase from the previous year[13]. - The basic earnings per share for 2021 was ¥1.85, up 71.30% from ¥1.08 in 2020[13]. - The total assets at the end of 2021 were ¥37,633,252,804.35, a 9.18% increase from the end of 2020[13]. - The net assets attributable to shareholders at the end of 2021 were ¥20,390,074,707.30, reflecting a 15.91% increase from the end of 2020[13]. - The net cash flow from operating activities for 2021 was ¥6,332,752,661.90, a slight increase of 0.56% compared to 2020[13]. - The company reported a weighted average return on equity of 18.81% for 2021, an increase of 6.51 percentage points from 2020[13]. - The total profit for the year reached 562.13 million yuan, an increase of 70.42% year-on-year, driven by higher prices for coal and electrolytic aluminum, as well as increased electricity sales[33]. - The company achieved total operating revenue of CNY 24,649,113,224.34, an increase of 22.79% compared to the previous year[36]. - Operating profit reached CNY 574,646.45 million, up 72.35% year-on-year, primarily due to rising prices of coal, electrolytic aluminum, and increased electricity sales[36]. Market Conditions - In 2021, the company faced unprecedented pressures due to rising coal prices, declining utilization hours, and challenges from energy consumption control policies, which reduced profit margins[6]. - The company expects the coal market to remain tight in 2022, with coal continuing to play a dominant role in energy consumption[22]. - The company anticipates a slight decline in coal prices in 2022, with a return to a more stable supply-demand balance due to government interventions[82][83]. - The company faces risks from national policies affecting coal production and pricing, as well as market fluctuations due to geopolitical events[90][91]. Operational Challenges and Strategies - The company’s operational challenges included balancing coal supply pressures and maintaining stable electricity supply amid fluctuating coal prices[6]. - The company emphasized the importance of financial support for the development of the new energy industry, which is expected to benefit from the "dual carbon" goals[6]. - The company’s management highlighted the need for strategic adjustments in response to the evolving market conditions and regulatory environment[6]. - The company is adapting its coal sales strategy in response to national policy changes and market fluctuations[26]. - The company plans to leverage its competitive advantages in mining rights and market demand to enhance its coal production and sales strategies[35]. Investments and Projects - The company is developing several renewable energy projects, aiming to significantly increase its installed capacity during the "14th Five-Year Plan" period[30]. - The company plans to increase its new energy installed capacity to over 7 million kilowatts by the end of the 14th Five-Year Plan, enhancing its profit growth support[31]. - The company is investing in technology for intelligent mining and zero-carbon equipment upgrades[26]. - The company has established a smart marketing system, improving its coal sales precision and overall marketing capabilities[30]. - The company has ongoing projects in both photovoltaic and wind power generation sectors, indicating a diversified energy investment strategy[70]. Environmental Compliance and Management - The company has implemented pollution prevention facilities and operates in compliance with environmental standards[148]. - The company reported no major environmental issues and is classified as a key pollutant discharge unit by environmental authorities[148]. - The average emission concentrations of major pollutants for the year 2021 were 1.98 mg/m³ for particulate matter, 23.59 mg/m³ for sulfur dioxide, and 39.9 mg/m³ for nitrogen oxides, all meeting the standards set by GB13223-2011[150]. - The company has established a dedicated environmental supervision management system to ensure compliance with environmental regulations and standards[150]. - The company has continuously improved its environmental management practices, ensuring stable operation of various environmental protection facilities and achieving compliance with emission standards[150]. Research and Development - Research and development (R&D) investment increased by 36.65% to ¥14,819,089.63 in 2021, compared to ¥10,844,834.67 in 2020[57]. - The number of R&D personnel increased by 44.64% from 336 in 2020 to 486 in 2021[54]. - R&D personnel accounted for 6.55% of the total workforce in 2021, up from 4.48% in 2020[55]. - The company completed the acceptance of several R&D projects aimed at improving production efficiency and reducing environmental impact[56]. Corporate Governance - The company has established a performance evaluation and incentive mechanism to enhance employee motivation and core competitiveness[103]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[104]. - The company has a transparent investor relations management system, ensuring timely and accurate information disclosure[104]. - The board of directors consists of 12 members, including 4 independent directors, complying with legal requirements[101]. Future Outlook - The company plans to invest 657,791 million CNY in 2022, with 466,432 million CNY allocated to new energy projects[88]. - The projected total profit for 2022 is 560,791 million CNY, which is roughly in line with the previous year's profit[89]. - The company aims to maintain raw coal sales at 46 million tons in 2022, slightly down from 46.04 million tons in 2021[88]. - The company is exploring potential mergers and acquisitions to enhance its operational capabilities and market reach[114]. Subsidiary Performance - The subsidiary Tongliao Holin River Pit Power Co., Ltd. reported a net profit of 212.74 million yuan, contributing over 10% to the company's net profit[78]. - The subsidiary Zhaluteqi Zahanor Coal Industry Co., Ltd. reported a net profit of 688.30 million yuan, also contributing significantly to the company's overall performance[78]. - The subsidiary Inner Mongolia Huomei Hongjun Aluminum Power Co., Ltd. achieved a net profit of 2,439.74 million yuan, highlighting its strong operational performance[78]. Shareholder Relations - The company approved a profit distribution plan to distribute a cash dividend of CNY 5.00 per 10 shares (including tax) to all shareholders, based on a total of 1,921,573,493 shares[7]. - The cash dividend distribution plan includes a cash dividend of CNY 5.00 per 10 shares, totaling CNY 960,786,746.50, which represents 100% of the profit distribution amount[138]. - The company has established a clear cash dividend policy that complies with its articles of association and shareholder resolutions[135].