Search
current location Home
News

Yankuang Energy presents 2021 Annual Results

published:2022-04-02

 On the morning of 31 March in Jinan, Yankuang Energy (600188SH; 01171HK) held the 2021 Annual Results Presentation via teleconference to unveil its 2021 performance to the global market, and conduct an in-depth exchange with domestic and foreign investors as well as analysts. Li Wei, Chairman of Yankuang Energy Group, attended the conference and briefed on the Yankuang Energy's 2021 annual results.

  Li Wei said that in 2021, while putting into action the new development concept and closely following the policy of “Carbon Peaking and Carbon Neutrality”, Yankuang Energy will do more to accelerate the reform in mode of development and industrial structure, and adjust and formulate strategic planning for the five pillar industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and smart logistics, so as to achieve the high-quality development.

In 2021, Yankuang Energy realized operating revenues of RMB152 billion; the net operating cash flow of RMB36.2 billion, increased by 62.74% over last year; the total profits of RMB24.041 billion,and the net profit attributable to the parent company of RMB16.3 billion, hitting a record high profit. As of the end of 2021, the total assets was RMB288.7 billion, representing an increase of 11.50% compared with that of the beginning of the year, while the weighted average returns on net assets reached 27.8%, increased by 18.3 percentage points year-on-year, which makes Yankuang Energy rank first among all listed coal-based companies with annual production above 100 million tons. Its business scale and operation performance take a leading position among the whole industry.

In order to reward the investors for their long-term support, Yankuang Energy intends to distribute cash dividends of RMB2.0 per share (tax inclusive), recording a historical high.

Li Wei said, at present, green development and efficient utilization are the two main directions for the transformation and upgrading of coal industry. In 2022, Yankuang Energy will focus on high-quality development, take innovation as the fundamental driving force and lead and guarantee industrial development.

Yankuang Energy has formulated and implemented the sub-plans for the development of the five pillar industries, carried out the “two increases, three reductions and three improvements” activities (increase product output and the number of projects with up-to-standard output and efficiency; reduce debt-to-assets ratio, costs and the number of loss-making enterprises; improve enterprise profitability, labor productivity of all employees, and investment in sci-tech research and development)", and built a standard, efficient and transparent corporate governance system with the purpose to promote the implementation of strategic plans in high quality and efficiency, enhance corporate value generating ability and lean management control so as to lead energy reform through innovative minds and global visions.

This presentation gained wide attentions from both domestic and foreign capital markets, and over 470 persons attended the conference, including people from over 200 professional securities investment institutions and funds.

Yankuang Energy presents 2021 Annual Results

2022-04-02

 On the morning of 31 March in Jinan, Yankuang Energy (600188SH; 01171HK) held the 2021 Annual Results Presentation via teleconference to unveil its 2021 performance to the global market, and conduct an in-depth exchange with domestic and foreign investors as well as analysts. Li Wei, Chairman of Yankuang Energy Group, attended the conference and briefed on the Yankuang Energy's 2021 annual results.

  Li Wei said that in 2021, while putting into action the new development concept and closely following the policy of “Carbon Peaking and Carbon Neutrality”, Yankuang Energy will do more to accelerate the reform in mode of development and industrial structure, and adjust and formulate strategic planning for the five pillar industries of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and smart logistics, so as to achieve the high-quality development.

In 2021, Yankuang Energy realized operating revenues of RMB152 billion; the net operating cash flow of RMB36.2 billion, increased by 62.74% over last year; the total profits of RMB24.041 billion,and the net profit attributable to the parent company of RMB16.3 billion, hitting a record high profit. As of the end of 2021, the total assets was RMB288.7 billion, representing an increase of 11.50% compared with that of the beginning of the year, while the weighted average returns on net assets reached 27.8%, increased by 18.3 percentage points year-on-year, which makes Yankuang Energy rank first among all listed coal-based companies with annual production above 100 million tons. Its business scale and operation performance take a leading position among the whole industry.

In order to reward the investors for their long-term support, Yankuang Energy intends to distribute cash dividends of RMB2.0 per share (tax inclusive), recording a historical high.

Li Wei said, at present, green development and efficient utilization are the two main directions for the transformation and upgrading of coal industry. In 2022, Yankuang Energy will focus on high-quality development, take innovation as the fundamental driving force and lead and guarantee industrial development.

Yankuang Energy has formulated and implemented the sub-plans for the development of the five pillar industries, carried out the “two increases, three reductions and three improvements” activities (increase product output and the number of projects with up-to-standard output and efficiency; reduce debt-to-assets ratio, costs and the number of loss-making enterprises; improve enterprise profitability, labor productivity of all employees, and investment in sci-tech research and development)", and built a standard, efficient and transparent corporate governance system with the purpose to promote the implementation of strategic plans in high quality and efficiency, enhance corporate value generating ability and lean management control so as to lead energy reform through innovative minds and global visions.

This presentation gained wide attentions from both domestic and foreign capital markets, and over 470 persons attended the conference, including people from over 200 professional securities investment institutions and funds.

Last
Upholding “People and Life First” to defeat Covid-19——The CPC Shandong Energy Committee stressed a “wartime” state to fully implement epidemic prevention and control measures
next
SDEG successfully issues 2022 sustainable development-linked bond, the first one in Shandong province