Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 220.58 billion, a decrease of RMB 19.25 billion (8.0%) compared to 2021[1]. - The profit attributable to shareholders for 2022 was RMB 19.72 billion, an increase of RMB 4.55 billion (30.0%) from 2021[1]. - Basic earnings per share for 2022 were RMB 1.49, up RMB 0.35 from 2021[3]. - EBITDA for 2022 was RMB 43.89 billion, an increase of RMB 4.53 billion (11.5%) compared to 2021[1]. - Gross profit for the year was RMB 49.60 billion, compared to RMB 38.41 billion in 2021[2]. - Operating profit for 2022 was RMB 33.30 billion, an increase from RMB 28.55 billion in 2021[2]. - The company reported a total comprehensive income of RMB 27.80 billion for the year, up from RMB 21.35 billion in 2021[3]. - The company reported a total of RMB 130,513,785 thousand attributable to shareholders, up from RMB 114,109,474 thousand, marking an increase of approximately 14.4%[5]. - The company achieved a total coal production of 119.17 million tons, an increase of 4.4% compared to the previous year[64]. - The company reported a net profit margin of 18%, reflecting improved operational efficiency[164]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 339.62 billion, an increase from RMB 322.20 billion in 2021[4]. - Current assets totaled RMB 123.91 billion, compared to RMB 105.41 billion in 2021[4]. - Total current liabilities increased to RMB 104,998,190 thousand from RMB 87,939,603 thousand, representing a growth of approximately 19.4%[5]. - Total non-current liabilities decreased to RMB 69,838,963 thousand from RMB 91,428,853 thousand, a decline of about 23.5%[5]. - Total liabilities amounted to RMB 174,837,153 thousand, slightly down from RMB 179,368,456 thousand, indicating a decrease of approximately 2.9%[5]. - Total equity rose to RMB 164,779,165 thousand from RMB 142,832,464 thousand, reflecting an increase of around 15.4%[5]. - The total assets of the company reached RMB 339,616,318 thousand, compared to RMB 322,200,920 thousand, showing an increase of about 5.4%[5]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.413 per share for the year 2022, subject to approval at the annual general meeting[1]. - The company proposed a total dividend of approximately RMB 5,472,160,500 for the year ended December 31, 2022[41]. - The company proposed a cash dividend of 5,472,160,500 CNY, which is 30% of the net profit attributable to shareholders of 18,240,535,000 CNY for the year ended December 31, 2022, resulting in a distribution of 0.413 CNY per share[159]. Market Performance and Revenue Breakdown - Domestic market revenue was RMB 218,536,929 thousand, down from RMB 238,781,437 thousand in 2021, showing a decrease of about 8%[25]. - Overseas market revenue rose to RMB 2,039,930 thousand, significantly up from RMB 1,047,002 thousand in 2021, marking an increase of approximately 95%[25]. - The coal business revenue decreased by 9.6% to CNY 190.92 billion for the year ended December 31, 2022, compared to CNY 211.09 billion for the previous year[80]. - Self-produced coal sales revenue increased by 19.5% to CNY 86.15 billion, driven by a price increase of CNY 73 per ton and a volume increase of 8.16 million tons[80]. - The total revenue from contracts with customers was RMB 218,406,144 thousand for the year ended December 31, 2022, compared to RMB 238,194,788 thousand in 2021[30]. Operational Efficiency and Production - The company is focusing on cost control and efficiency improvements to address rising operational costs due to complex geological conditions and commodity price increases[127]. - The average coal mining efficiency was 31.5 tons per worker, maintaining an industry-leading level[131]. - The company constructed 36 intelligent mining faces and 9 integrated control platforms, enhancing operational efficiency through technological advancements[131]. - The company is actively expanding production capacity, with the Dahuize Coal Mine's capacity approved to increase from 1.5 million tons to 2 million tons[65]. Future Outlook and Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[32]. - Future guidance indicates a focus on increasing coal production and exploring new markets to drive revenue growth[32]. - The company plans to invest RMB 10 billion in a limited partnership for the Shuo City Huashuo Jinshi Energy Industry Transformation Fund[62]. - The company is committed to enhancing safety management systems and increasing investments in safety measures to mitigate production risks[125]. - The company plans to enhance its governance and information disclosure quality, aiming for better communication with investors[66]. Financial Management and Cost Control - The company’s interest income was RMB 436,858 thousand, while interest expenses totaled RMB 2,712,677 thousand, resulting in a net interest expense of RMB 2,275,819 thousand[22]. - The net financial expenses for 2022 were RMB 3,728,007,000, down from RMB 3,956,969,000 in 2021, a decrease of 5.8%[36]. - The company achieved a total revenue of CNY 220.58 billion for the year ending December 31, 2022, a decrease of 8.0% compared to CNY 239.83 billion in 2021[68]. - The overall sales tax and additional fees increased by 23.3% to CNY 6.74 billion, reflecting higher operational costs[84]. Compliance and Governance - Ernst & Young has been appointed as the auditor for the financial statements prepared in accordance with international financial reporting standards, providing an unqualified opinion[161]. - The company will disclose its annual report, including all information disclosed in this announcement, by April 30, 2023[161]. - The company adheres to a profit distribution policy based on the lower of distributable profits and maintains a consistent cash dividend payout ratio of 30%[159].
中煤能源(01898) - 2022 - 年度业绩