FIRST QUARTERLY REPORT FOR THE YEAR 2021
- IMPORTANT NOTICE
- The board of directors (the "Board") and the supervisory committee of Inner Mongolia Yitai Coal Co., Ltd.* (the "Company") and its directors, supervisors and senior management shall warrant truthfulness, accuracy and completeness of the information contained in this quarterly report, that there are no false representations, misleading statements contained in or materials omissions herein, and jointly and severally accept legal responsibility in this respect.
- All directors of the Company attended the Board meeting to review the quarterly report.
- Zhang Jingquan (the person-in-charge of the Company), Lv Guiliang (the person-in- charge of accounting affairs) and Ning Yu (the person responsible for the accounting institute, i.e., accounting chief), warrant that the financial statements set out in this quarterly report are true, accurate and complete.
- The first quarterly report of the Company has not been audited.
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II. | BASIC CORPORATE INFORMATION | |||
2.1 Major financial data | ||||
Unit: yuan | Currency: RMB | |||
Change from the end | ||||
At the end of the | of last year | |||
reporting period | At the end of last year | (%) | ||
Total assets | 86,571,957,275.35 | 85,559,604,037.31 | 1.18 | |
Net assets attributable to shareholders of the Company | 34,142,317,171.45 | 33,061,024,912.46 | 3.27 | |
From the beginning | From the beginning of | |||
of this year to the last year to the end of | ||||
end of the reporting | the reporting period | Change from the same | ||
period | of last year | period last year (%) | ||
Net cash flows from operating activities | 802,676,491.45 | 1,368,586,379.19 | -41.35 | |
Operating revenue | 9,889,951,179.82 | 7,153,973,419.24 | 38.24 | |
Net profit attributable to shareholders of the Company | 1,039,722,796.46 | 504,291,283.93 | 106.18 | |
Net profit after non-recurring profit and loss attributable | ||||
to shareholders of the Company | 1,082,446,911.44 | 510,394,799.78 | 112.08 | |
Increased by 1.66 | ||||
Weighted average return on net assets (%) | 3.08 | 1.42 | percentage points | |
Basic earnings per share (RMB/share) | 0.32 | 0.15 | 113.33 |
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Items of non-recurring profit and loss and relevant amounts | |
Unit: yuan | Currency: RMB |
Amount for the | |
Items | reporting period |
Gains or losses from disposal of non-current assets | 63,381,523.51 |
Government subsidies included in profit or loss for the current | |
period, excluding those closely related to the normal business | |
operations of the Company and of fixed amount or fixed quantity | |
granted on an on-going basis in accordance with certain standards | |
and in compliance with the State policies | 4,629,198.52 |
Profits or losses on change in fair value from financial assets held | |
for trading, derivative financial assets, financial liabilities held for | |
trading and derivative financial liabilities, as well as investment | |
income from disposal of financial assets held for trading, | |
derivative financial assets, financial liabilities held for trading, | |
derivative financial liabilities and other debt investments except | |
for effective hedging activities related with normal business | |
operations of the Company | -109,517,188.51 |
Non-operating income and expenses other than the above items | 3,443,268.73 |
Impact on minority interests (after taxation) | -14,947,433.48 |
Impact on income tax | 10,286,516.25 |
Total | -42,724,114.98 |
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2.2 Total number of shareholders, the shareholdings of the top ten shareholders and the top ten circulating shareholders (or shareholders not subject to selling restrictions) as at the end of the reporting period
Unit: Share | ||||||
Total number of shareholders (household) | 71,498 | |||||
Shareholdings of Top Ten Shareholders | ||||||
Number of shares | Pledged or frozen shares | |||||
held at the end | Number of shares | |||||
of the reporting | Percentage | held subject to | Nature of | |||
Name of shareholder (in full name) | period | (%) | selling restrictions | Condition | Number | shareholder |
Inner Mongolia Yitai Group Co., Ltd. | 1,600,000,000 | 49.17 | 1,600,000,000 | Nil | - | Domestic non-state- |
owned legal person | ||||||
HKSCC NOMINEES LIMITED | 325,958,800 | 10.02 | - | Unknown | - | Foreign legal person |
Yitai Group (Hong Kong) Co., Ltd. | 312,000,000 | 9.59 | - | Nil | - | Foreign legal person |
China Merchants Securities (HK) Co., | 22,816,200 | 0.70 | - | Unknown | - | Foreign legal person |
Limited | ||||||
VANGUARD TOTAL INTERNATIONAL | 16,628,466 | 0.51 | - | Unknown | - | Foreign legal person |
STOCK INDEX FUND | ||||||
VANGUARD EMERGING MARKETS | 14,562,596 | 0.45 | - | Unknown | - | Foreign legal person |
STOCK INDEX FUND | ||||||
Hu Jiaying | 11,817,433 | 0.36 | - | Unknown | - | Domestic natural |
person | ||||||
UBS AG LONDON BRANCH | 10,359,305 | 0.32 | - | Unknown | - | Foreign legal person |
ISHARES CORE MSCI EMERGING | 9,769,495 | 0.30 | - | Unknown | - | Foreign legal person |
MARKETS ETF | ||||||
Liu Jingyuan | 8,277,050 | 0.25 | - | Unknown | - | Domestic natural |
person |
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Shareholdings of Top Ten Shareholders Not Subject to Selling Restrictions
Number of shares held | Class and number of shares | ||
not subject to selling | |||
Name of shareholder | restrictions | Class | Number |
HKSCC NOMINEES LIMITED | 325,958,800 | Overseas listed foreign | 325,958,800 |
shares | |||
Yitai Group (Hong Kong) Co., Ltd. | 312,000,000 | Domestic listed foreign | 312,000,000 |
shares | |||
China Merchants Securities (HK) Co., Limited | 22,816,200 | Domestic listed foreign | 22,816,200 |
shares | |||
VANGUARD TOTAL INTERNATIONAL STOCK INDEX | 16,628,466 | Domestic listed foreign | 16,628,466 |
FUND | shares | ||
VANGUARD EMERGING MARKETS STOCK INDEX | 14,562,596 | Domestic listed foreign | 14,562,596 |
FUND | shares | ||
Hu Jiaying | 11,817,433 | Domestic listed foreign | 11,817,433 |
shares | |||
UBS AG LONDON BRANCH | 10,359,305 | Domestic listed foreign | 10,359,305 |
shares | |||
ISHARES CORE MSCI EMERGING MARKETS ETF | 9,769,495 | Domestic listed foreign | 9,769,495 |
shares | |||
Liu Jingyuan | 8,277,050 | Domestic listed foreign | 8,277,050 |
shares | |||
BANK JULIUS BAER & CO. LTD | 7,108,416 | Domestic listed foreign | 7,108,416 |
shares |
Details of the above shareholders who are related to each other or acting in concert
Among the top ten shareholders of the Company, Yitai Group (Hong Kong) Co., Ltd. is a wholly-owned subsidiary of Inner Mongolia Yitai Group Co., Ltd., a holder of domestic legal person shares. The Company is not aware of whether there are other holders of foreign shares who are related to each other or acting in concert.
Details of the preference shareholders whose voting rights | N/A |
have been restored and the number of shares held |
Note: The H shares held by HKSCC NOMINEES LIMITED are held on behalf of its multiple clients.
2.3 Total number of holders of preference shares and shareholdings of the top ten holders of preference shares and top ten holders of preference shares not subject to selling restrictions as at the end of the reporting period
N/A
- 5 -
-
SIGNIFICANT EVENTS
3.1 Particulars and reasons of material changes in major accounting items and financial indicators of the Company
As at the end of the reporting period, the Company produced an aggregate of 9.6174 million tonnes of coal, representing a decrease of 6.82% from the same period of last year. The Company sold 17.2308 million tonnes of coal, representing an increase of 12.47% from the same period of last year. In particular, coal sold via railway transportation amounted to 12.3324 million tonnes and coal sold at local coal mines and transportation stations amounted to 4.8984 million tonnes. The Company achieved an operating revenue of RMB9,889.9512 million, representing an increase of 38.24% from the same period of last year, and net profit attributable to the owners of the parent company of RMB1,039.7228 million, representing an increase of 106.18% from the same period of last year.
Unit: yuan Currency: RMB | |||||
No. | Items | Closing balance | Opening balance | Change | Reasons of changes |
(or balance of the | (or balance of the | (%) | |||
current period) | previous period) | ||||
1 | Financial assets held for | - | 2,011,120.00 | -100.00 | Mainly attributable to the decrease in |
trading | floating profits of futures holding | ||||
contracts at the end of the period; | |||||
2 | Accounts receivable | 1,695,922,673.38 | 1,280,175,866.98 | 32.48 | Mainly attributable to the increase in |
receivables for coal at the end of the | |||||
period; | |||||
3 | Accounts receivable | 7,436,582.70 | 2,071,600.00 | 258.98 | Mainly attributable to the increase in |
financing | bank acceptance bills with higher | ||||
credit rating at the end of the period; | |||||
4 | Funds paid in advance | 876,089,555.63 | 573,875,955.11 | 52.66 | Mainly attributable to the increase in |
project funds paid in advance and | |||||
transportation expense at the end of | |||||
the period; | |||||
5 | Other receivables | 1,293,390,977.77 | 502,459,431.63 | 157.41 | Mainly attributable to the increase in |
receivables from asset transfer at the | |||||
6 | Financial liabilities | end of the period; | |||
89,387,340.00 | 2,034,720.00 | 4,293.10 | Mainly attributable to the increase | ||
held for trading | in floating loss of futures holding | ||||
contracts at the end of the period; | |||||
7 | Bills payable | 824,289,868.35 | 1,296,438,553.80 | -36.42 | Mainly due to the decrease in bank |
acceptance bills and commercial | |||||
acceptance bills payable at the end of | |||||
the period; | |||||
8 | Staff remuneration | 102,476,047.64 | 266,511,151.48 | -61.55 | Mainly attributable to the payment of |
payable | last year's bonus during the current | ||||
period; | |||||
9 | Other current liabilities | 46,142,696.83 | 65,924,584.16 | -30.01 | Mainly attributable to the decrease in the |
tax to be written off at the end of the | |||||
period; |
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No. | Items | Closing balance | Opening balance | Change | Reasons of changes |
(or balance of the | (or balance of the | (%) | |||
current period) | previous period) | ||||
10 | Revenue from | 9,889,951,179.82 | 7,153,973,419.24 | 38.24 | Mainly attributable to the increase in |
operations | sales volume and selling price of coal | ||||
during the current period; | |||||
11 | Operating cost | 7,027,137,392.78 | 4,850,211,918.84 | 44.88 | Mainly attributable to the increase in |
sales volume and procurement cost of | |||||
coal during the current period; | |||||
12 | Other income | 4,629,198.52 | 53,526,693.06 | -91.35 | Mainly attributable to the decrease in |
government grant related to income | |||||
received during the current period; | |||||
13 | Gains from changes in | -87,467,121.05 | -23,283,215.89 | 275.67 | Mainly due to the increase in floating |
fair value | loss of futures during the current | ||||
period; | |||||
14 | Gains from disposal of | 64,013,408.63 | 4,452.16 | 1,437,705.66 | Mainly attributable to the increase in |
assets | asset disposals during the current | ||||
period; | |||||
15 | Non-operating income | 5,210,964.94 | 654,884.83 | 695.71 | Mainly attributable to the increase in |
receipt of liquidated damages for | |||||
futures delivery during the current | |||||
period; | |||||
16 | Non-operating expense | 2,399,581.33 | 31,325,307.01 | -92.34 | Mainly attributable to the increase in |
public welfare donation expenses | |||||
during the previous period. |
- Development of significant events, related impact and resolution N/A
-
Undertaking matters which have passed the performance deadline and not yet performed during the reporting period
N/A - Warnings and explanations of any forecasted losses or significant changes to accumulated net profit from the beginning of the year to the end of the next reporting period or as compared to the corresponding period of last year
N/A
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IV. APPENDICES
4.1 Financial statement
Consolidated Balance Sheet 31 March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan | Currency: RMB Audit status: Unaudited | |||
Items | 31 March 2021 | 31 December 2020 | ||
Current assets: | ||||
Cash and bank balance | 12,521,902,365.18 | 12,235,897,104.62 | ||
Financial assets held for trading | - | 2,011,120.00 | ||
Accounts receivable | 1,695,922,673.38 | 1,280,175,866.98 | ||
Accounts receivable financing | 7,436,582.70 | 2,071,600.00 | ||
Funds paid in advance | 876,089,555.63 | 573,875,955.11 | ||
Other receivables | 1,293,390,977.77 | 502,459,431.63 | ||
Including: Interests receivable | - | - | ||
Dividends receivable | 60,000,000.00 | 60,000,000.00 | ||
Inventories | 1,454,961,691.75 | 1,256,228,988.62 | ||
Other current assets | 749,071,222.62 | 765,304,428.89 | ||
Total current assets | 18,598,775,069.03 | 16,618,024,495.85 | ||
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Items | 31 March 2021 | 31 December 2020 | ||
Non-current assets: | ||||
Long-term equity investment | 9,875,878,953.79 | 9,760,538,789.99 | ||
Investments in other equity instruments | 7,260,085,088.06 | 7,257,982,731.72 | ||
Other non-current financial assets | 1,602,614,125.27 | 1,571,136,033.21 | ||
Investment properties | 680,849,404.05 | 690,286,105.94 | ||
Fixed assets | 30,430,440,967.24 | 31,539,509,938.70 | ||
Construction in progress | 11,322,546,661.15 | 11,264,401,667.07 | ||
Right-of-use assets | 42,862,865.17 | 44,453,181.22 | ||
Intangible assets | 3,197,181,440.33 | 3,234,890,864.17 | ||
Long-term deferred expenses | 2,145,428,369.07 | 2,166,704,910.77 | ||
Deferred income tax assets | 721,756,479.95 | 717,582,752.56 | ||
Other non-current assets | 693,537,852.24 | 694,092,566.11 | ||
Total non-current assets | 67,973,182,206.32 | 68,941,579,541.46 | ||
Total assets | 86,571,957,275.35 | 85,559,604,037.31 | ||
Current liabilities: | ||||
Short-term borrowings | 1,000,000,000.00 | 1,000,000,000.00 | ||
Financial liabilities held for trading | 89,387,340.00 | 2,034,720.00 | ||
Bills payable | 824,289,868.35 | 1,296,438,553.80 | ||
Accounts payable | 2,032,394,433.34 | 2,164,149,682.62 | ||
Funds received in advance | 1,001,756.60 | 2,155,213.74 | ||
Contract liabilities | 360,530,438.71 | 507,734,000.67 | ||
Staff remuneration payable | 102,476,047.64 | 266,511,151.48 | ||
Taxes payable | 937,188,874.76 | 731,787,487.12 | ||
Other payables | 1,424,301,649.18 | 1,379,398,220.73 | ||
Including: Interests payable | 242,431,878.63 | 176,159,479.01 | ||
Dividends payable | ||||
Non-current liabilities due within one year | 8,230,991,342.21 | 7,404,723,929.29 | ||
Other current liabilities | 46,142,696.83 | 65,924,584.16 | ||
Total current liabilities | 15,048,704,447.62 | 14,820,857,543.61 | ||
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Items | 31 March 2021 | 31 December 2020 | ||
Non-current liabilities: | ||||
Long-term borrowings | 22,803,471,678.36 | 23,373,656,681.61 | ||
Bonds payable | 2,443,587,153.83 | 2,429,992,674.65 | ||
Lease liabilities | 8,279,261.98 | 9,795,893.40 | ||
Long-term payables | 494,169,000.06 | 491,000,000.00 | ||
Estimated liabilities | 617,239,549.10 | 612,897,208.93 | ||
Deferred income | 76,471,544.66 | 76,635,745.32 | ||
Deferred income tax liabilities | 631,440,029.61 | 631,131,366.95 | ||
Total non-current liabilities | 27,074,658,217.60 | 27,625,109,570.86 | ||
Total liabilities | 42,123,362,665.22 | 42,445,967,114.47 | ||
Owners' equity (or shareholders' equity): | ||||
Paid-in capital (or share capital) | 3,254,007,000.00 | 3,254,007,000.00 | ||
Capital reserve | 4,578,099,375.16 | 4,578,059,266.49 | ||
Other comprehensive income | 1,091,626,019.73 | 1,089,867,679.40 | ||
Special reserve | 231,025,446.78 | 191,254,433.25 | ||
Surplus reserve | 1,634,024,476.72 | 1,634,024,476.72 | ||
Undistributed profit | 23,353,534,853.06 | 22,313,812,056.60 | ||
Total equity attributable to owners of the parent company (or | ||||
shareholders' equity) | 34,142,317,171.45 | 33,061,024,912.46 | ||
Minority interests | 10,306,277,438.68 | 10,052,612,010.38 | ||
Total owners' equity (or shareholders' equity) | 44,448,594,610.13 | 43,113,636,922.84 | ||
Total liabilities and owners' equity (or shareholders' equity) | 86,571,957,275.35 | 85,559,604,037.31 | ||
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
- 10 -
Balance Sheet of the Parent Company
31 March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan | Currency: RMB Audit status: Unaudited | |||
Items | 31 March 2021 | 31 December 2020 | ||
Current assets: | ||||
Cash and bank balance | 3,928,269,319.02 | 3,765,915,961.31 | ||
Accounts receivable | 1,105,502,508.15 | 498,688,217.88 | ||
Financing receivables | - | 10,000,000.00 | ||
Funds paid in advance | 507,829,878.76 | 280,799,408.17 | ||
Other receivables | 10,464,678,062.26 | 9,447,785,727.14 | ||
Including: Interest receivable | ||||
Dividends receivable | 60,000,000.00 | 60,000,000.00 | ||
Inventories | 715,710,489.46 | 630,455,486.32 | ||
Other current assets | 7,559,425.61 | 7,264,020.66 | ||
Total current assets | 16,729,549,683.26 | 14,640,908,821.48 | ||
Non-current assets: | ||||
Long-term equity investment | 22,670,139,980.53 | 22,532,429,637.03 | ||
Investments in other equity instruments | 5,805,377,809.58 | 5,803,275,453.24 | ||
Other non-current financial assets | 12,159,778.32 | 12,159,778.32 | ||
Investment property | 659,608,177.26 | 668,748,674.60 | ||
Fixed assets | 3,096,363,717.85 | 3,629,888,170.18 | ||
Construction in progress | 13,267,158.01 | 13,267,158.01 | ||
Intangible assets | 774,671,459.23 | 782,485,888.12 | ||
Long-term deferred expenses | 997,719,686.93 | 999,842,644.55 | ||
Deferred income tax assets | 673,402,821.88 | 673,402,821.88 | ||
Total non-current assets | 34,702,710,589.59 | 35,115,500,225.93 | ||
Total assets | 51,432,260,272.85 | 49,756,409,047.41 | ||
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Items | 31 March 2021 | 31 December 2020 | |
Current liabilities: | |||
Short-term borrowings | 1,000,000,000.00 | 1,000,000,000.00 | |
Bills payable | 81,955,955.84 | 124,886,677.55 | |
Accounts payable | 2,093,976,335.93 | 2,119,300,706.42 | |
Funds received in advance | - | 297,147.14 | |
Contract liabilities | 672,735,236.43 | 664,162,196.27 | |
Staff remuneration payable | 32,248,407.90 | 83,341,351.45 | |
Taxes payable | 555,092,744.29 | 320,178,784.26 | |
Other payables | 638,751,175.84 | 587,938,976.16 | |
Including: Interest payable | 215,933,434.67 | 138,106,051.03 | |
Non-current liabilities due within one year | 5,756,162,527.10 | 5,416,520,900.18 | |
Other current liabilities | 96,297,043.85 | 88,720,405.16 | |
Total current liabilities | 10,927,219,427.18 | 10,405,347,144.59 | |
Non-current liabilities: | |||
Long-term borrowings | 10,850,700,000.00 | 10,294,700,000.00 | |
Bonds payable | 2,443,587,153.83 | 2,429,992,674.65 | |
Long-term payables | 3,169,000.06 | - | |
Projected liabilities | 468,445,848.88 | 464,179,701.60 | |
Deferred income | 1,677,499.97 | 1,734,999.98 | |
Deferred income tax liabilities | 479,605,764.74 | 479,080,175.65 | |
Total non-current liabilities | 14,247,185,267.48 | 13,669,687,551.88 | |
Total liabilities | 25,174,404,694.66 | 24,075,034,696.47 | |
Owners' equity (or shareholders' equity): | |||
Paid-in capital (or share capital) | 3,254,007,000.00 | 3,254,007,000.00 | |
Capital reserve | 1,475,272,040.76 | 1,475,231,932.09 | |
Other comprehensive income | 1,008,382,945.59 | 1,006,806,178.34 | |
Special reserve | 109,437,182.23 | 92,717,922.90 | |
Surplus reserve | 1,634,024,476.72 | 1,634,024,476.72 | |
Undistributed profit | 18,776,731,932.89 | 18,218,586,840.89 | |
Total owners' equity (or shareholders' equity) | 26,257,855,578.19 | 25,681,374,350.94 | |
Total liabilities and owners' equity (or shareholders' equity) | 51,432,260,272.85 | 49,756,409,047.41 | |
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
- 12 -
Consolidated Income Statement
January to March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan Currency: RMB Audit status: Unaudited
Items | The first quarter of 2021 | The first quarter of 2020 |
I. Total operating revenue | 9,889,951,179.82 | 7,153,973,419.24 |
Including: Revenue from operations | 9,889,951,179.82 | 7,153,973,419.24 |
II. Total operating cost | 8,330,210,516.82 | 6,216,724,509.58 |
Including: Operating cost | 7,027,137,392.78 | 4,850,211,918.84 |
Business tax and surcharges | 350,068,337.65 | 356,237,489.07 |
Selling expenses | 266,137,864.15 | 285,714,305.77 |
Administrative expenses | 248,776,449.69 | 279,520,248.83 |
Research and development costs | 60,981,633.50 | 69,643,661.97 |
Finance costs | 377,108,839.05 | 375,396,885.10 |
Including: Interest expenses | 394,652,328.55 | 406,837,081.25 |
Interest income | 18,583,532.92 | 28,543,335.00 |
Add: Other income | 4,629,198.52 | 53,526,693.06 |
Investment income (loss is represented by "-") | 72,970,495.52 | 62,731,545.68 |
Including: Gains from investment in associates and joint | ||
ventures | 94,165,655.12 | 59,274,968.20 |
Gains from changes in fair value (loss is represented by "-") | -87,467,121.05 | -23,283,215.89 |
Asset impairments loss (loss is represented by "-") | - | 366,003.00 |
Gains from disposal of assets (loss is represented by "-") | 64,013,408.63 | 4,452.16 |
III. Profit from operations (loss is represented by "-") | 1,613,886,644.62 | 1,030,594,387.67 |
Add: Non-operating income | 5,210,964.94 | 654,884.83 |
Less: Non-operating expense | 2,399,581.33 | 31,325,307.01 |
IV. Total profit (total loss is represented by "-") | 1,616,698,028.23 | 999,923,965.49 |
Less: Income tax expenses | 328,768,551.80 | 266,223,186.84 |
V. Net profit (net loss is represented by "-") | 1,287,929,476.43 | 733,700,778.65 |
(I) Classified on a going concern basis | ||
1. Net profit from continuing operations (net loss is | ||
represented by "-") | 1,287,929,476.43 | 733,700,778.65 |
2. Net profit from discontinuing operations (net loss is | ||
represented by "-") | - | - |
(II) Classified according to the ownership | ||
1. Net profit attributable to the shareholders of the parent | ||
company (net loss is represented by "-") | 1,039,722,796.46 | 504,291,283.93 |
2. Minority interests (net loss is represented by "-") | 248,206,679.97 | 229,409,494.72 |
- 13 -
Items | The first quarter of 2021 | The first quarter of 2020 |
VI. Net other comprehensive income after taxes | 1,758,340.33 | 8,559,214.40 |
(I) Net other comprehensive income attributable to owners of the | ||
parent company after taxes | 1,758,340.33 | 8,559,214.40 |
1. Other comprehensive income that cannot be reclassified to | ||
profit and loss | 1,576,767.25 | 8,111,380.00 |
(1) Remeasuring changes of defined benefit plan | - | - |
(2) Other comprehensive income that cannot be converted | ||
into profit or loss under the equity method | - | - |
(3) Changes in fair value of other equity instrument | ||
investments | 1,576,767.25 | 8,111,380.00 |
(4) Changes in fair value of enterprise's own credit risk | - | - |
2. Other comprehensive income that may be reclassified to | ||
profit or loss | 181,573.08 | 447,834.40 |
(1) Exchange differences from retranslation of financial | ||
statements | 181,573.08 | 447,834.40 |
(II) Net other comprehensive income attributable to minority | ||
interests after taxes | - | - |
VII. Total comprehensive income | 1,289,687,816.76 | 742,259,993.05 |
(I) Total comprehensive income attributable to the owners of the | ||
parent company | 1,041,481,136.79 | 512,850,498.33 |
(II) Total comprehensive income attributable to minority | ||
shareholders | 248,206,679.97 | 229,409,494.72 |
VIII. Earnings per share: | ||
(I) Basic earnings per share (RMB/share) | 0.32 | 0.15 |
(II) Diluted earnings per share (RMB/share) | - | - |
For the business combination under common control during the period, the net profit realised by the merged party before the merger was RMB0, and the net profit realised by the merged party in the previous period was RMB0.
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
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Income Statement of the Parent Company
January to March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan | Currency: RMB Audit status: Unaudited | |
Items | The first quarter of 2021 | The first quarter of 2020 |
I. Revenue from operations | 7,545,734,608.74 | 5,475,456,104.87 |
Less: Operating cost | 6,456,365,270.20 | 4,510,721,683.86 |
Business tax and surcharges | 175,056,146.23 | 236,663,821.74 |
Selling expenses | 33,149,411.54 | 28,022,631.12 |
Administrative expenses | 128,191,696.99 | 175,575,092.01 |
Research and development costs | 545,769.77 | 26,876,554.04 |
Finance costs | 155,668,828.47 | 246,197,118.77 |
Of which: Interest expenses | 163,408,929.52 | 264,693,424.32 |
Interest income | 6,914,351.57 | 16,777,019.49 |
Add: Other income | 985,370.11 | 63,175.14 |
Investment income (loss is represented by "-") | 91,201,234.82 | 62,601,217.25 |
Of which: Gains from investment in associates and joint | ||
ventures | 92,670,234.83 | 60,615,168.57 |
Gains from changes in fair value (loss is | ||
represented by "-") | - | 1,118,020.00 |
Gains from disposal of assets (loss is represented | ||
by "-") | 24,388,823.56 | 4,030.79 |
II. Profit from operations (loss is represented by "-") | 713,332,914.03 | 315,185,646.51 |
Add: Non-operating income | 1,638,125.02 | 352,064.60 |
Less: Non-operating expense | 1,667,661.32 | 31,240,787.34 |
III. Total profit (total loss is represented by "-") | 713,303,377.73 | 284,296,923.77 |
Less: Income tax expenses | 155,158,285.73 | 55,640,933.80 |
IV. Net profit (net loss is represented by "-") | 558,145,092.00 | 228,655,989.97 |
(I) Net profit from continuing operations (net loss is represented | ||
by "-") | 558,145,092.00 | 228,655,989.97 |
V. Net other comprehensive income after taxes | 1,576,767.25 | -1,768,620.00 |
(I) Other comprehensive income that cannot be reclassified to | ||
profit or loss | 1,576,767.25 | -1,768,620.00 |
1. Remeasuring changes of defined benefit plan | - | - |
2. Other comprehensive income that cannot be converted into | ||
profit or loss under the equity method | - | - |
3. Changes in fair value of other equity instrument | ||
investments | 1,576,767.25 | -1,768,620.00 |
VI. Total comprehensive income | 559,721,859.25 | 226,887,369.97 |
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
- 15 -
Consolidated Cash Flow Statement
January to March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan | Currency: RMB Audit status: Unaudited | |
The first quarter of | The first quarter of | |
Items | 2021 | 2020 |
I. Cash flow from operating activities: | ||
Cash received from sales of goods and provision of services | 10,833,027,829.35 | 8,690,705,395.05 |
Refunds of taxes | 90,614.37 | 57,804.45 |
Other cash received from activities related to operation | 47,159,947.47 | 98,957,140.44 |
Sub-total of cash inflows from operating activities | 10,880,278,391.19 | 8,789,720,339.94 |
Cash paid for goods purchased and service rendered | 8,440,300,016.41 | 5,605,684,673.20 |
Cash paid to and on behalf of employees | 427,929,329.58 | 633,971,263.27 |
Taxes paid | 1,086,099,052.33 | 1,065,347,216.00 |
Other cash paid for activities relating to operation | 123,273,501.42 | 116,130,808.28 |
Sub-total of cash outflow from operating activities | 10,077,601,899.74 | 7,421,133,960.75 |
Net cash flows from operating activities | 802,676,491.45 | 1,368,586,379.19 |
II. Cash flow from investment activities: | ||
Cash received from reclaim of investments | 455,990.70 | 6,674,527.28 |
Cash received from gains in investments | 817,444.05 | 1,145,972.72 |
Net cash received from disposal of fixed assets, intangible assets and other | ||
long-term assets | 210,124,772.34 | 4,292.50 |
Other cash received relating to investment activities | 23,972,127.01 | 87,720,460.00 |
Sub-total of cash inflow from investment activities | 235,370,334.10 | 95,545,252.50 |
Cash paid for purchase of fixed assets, intangible assets and other long-term | ||
assets | 209,616,370.27 | 591,586,945.20 |
Cash paid for investment | 51,134,400.00 | 106,208,000.00 |
Other cash paid for activities relating to investment | 154,000,000.00 | - |
Sub-total of cash outflow from investment activities | 414,750,770.27 | 697,794,945.20 |
Net cash flow from investment activities | -179,380,436.17 | -602,249,692.70 |
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The first quarter of | The first quarter of | |
Items | 2021 | 2020 |
III. Cash flow from financing activities: | ||
Proceeds received from investments | - | 3,000,000.00 |
Of which: Proceeds received by subsidiaries from minority shareholder's | ||
investment | - | 3,000,000.00 |
Cash received from borrowings | 1,232,660,582.00 | 2,900,000,000.00 |
Other cash received relating to financing activities | ||
Sub-total of cash inflow from financing activities | 1,232,660,582.00 | 2,903,000,000.00 |
Cash repayments of borrowing | 957,204,798.36 | 4,400,704,427.57 |
Cash payments for dividend and profit distribution or interest repayment | 314,854,740.02 | 421,065,831.42 |
Other cash paid relating to financing activities | 16,428,555.90 | 669,000.00 |
Sub-total of cash outflow from financing activities | 1,288,488,094.28 | 4,822,439,258.99 |
Net cash flow from financing activities | -55,827,512.28 | -1,919,439,258.99 |
IV. Effect on cash and cash equivalents due to changes in foreign exchange | ||
rates | - | - |
V. Net increase in cash and cash equivalents | 567,468,543.00 | -1,153,102,572.50 |
Add: Balance of cash and cash equivalents at the beginning of the period | 11,292,510,611.23 | 15,954,045,957.75 |
VI. Balance of cash and cash equivalents at the end of the period | 11,859,979,154.23 | 14,800,943,385.25 |
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
- 17 -
Cash Flow Statement of the Parent Company
January to March 2021
Prepared by: Inner Mongolia Yitai Coal Co., Ltd.*
Unit: yuan | Currency: RMB Audit status: Unaudited | |
The first quarter of | The first quarter of | |
Items | 2021 | 2020 |
I. Cash flow from operating activities: | ||
Cash received from sales of goods and provision of services | 8,013,047,823.62 | 6,305,199,861.11 |
Other cash received from activities related to operation | 16,793,409.31 | 24,270,870.15 |
Sub-total of cash inflows from operating activities | 8,029,841,232.93 | 6,329,470,731.26 |
Cash paid for goods purchased and service rendered | 7,605,549,679.55 | 4,892,465,174.42 |
Cash paid to and on behalf of employees | 140,911,128.57 | 214,156,478.15 |
Taxes paid | 407,547,711.61 | 580,257,079.11 |
Other cash paid for activities relating to operation | 41,329,766.04 | 64,685,870.10 |
Sub-total of cash outflow from operating activities | 8,195,338,285.77 | 5,751,564,601.78 |
Net cash flows from operating activities | -165,497,052.84 | 577,906,129.48 |
II. Cash flow from investment activities: | ||
Cash received from reclaim of investments | - | 1,000,454,027.28 |
Cash received from gains in investments | - | 1,145,972.72 |
Net cash received from disposal of fixed assets, intangible assets and other | ||
long-term assets | 208,576,557.34 | 4,292.50 |
Other cash received relating to investment activities | 10,172,127.01 | 51,877,013.88 |
Sub-total of cash inflow from investment activities | 218,748,684.35 | 1,053,481,306.38 |
Cash paid for purchase of fixed assets, intangible assets and other long-term | ||
assets | 47,229,256.97 | 280,939,837.07 |
Cash paid for investment | 45,000,000.00 | 72,720,000.00 |
Other cash paid for activities relating to investment | 577,300,000.00 | 1,354,796,729.39 |
Sub-total of cash outflow from investment activities | 669,529,256.97 | 1,708,456,566.46 |
Net cash flow from investment activities | -450,780,572.62 | -654,975,260.08 |
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The first quarter of | The first quarter of | |
Items | 2021 | 2020 |
III. Cash flow from financing activities: | ||
Cash received from borrowings | 1,000,000,000.00 | 3,900,000,000.00 |
Other cash received relating to financing activities | ||
Sub-total of cash inflow from financing activities | 1,000,000,000.00 | 3,900,000,000.00 |
Cash repayments of borrowing | 99,000,000.00 | 3,449,000,000.00 |
Cash payments for dividend and profit distribution or interest repayment | 140,477,964.88 | 207,840,022.24 |
Other cash paid relating to financing activities | - | 12,000.00 |
Sub-total of cash outflow from financing activities | 239,477,964.88 | 3,656,852,022.24 |
Net cash flow from financing activities | 760,522,035.12 | 243,147,977.76 |
IV. Effect on cash and cash equivalents due to changes in foreign exchange | ||
rates | - | - |
V. Net increase in cash and cash equivalents | 144,244,409.66 | 166,078,847.16 |
Add: Balance of cash and cash equivalents at the beginning of the period | 3,676,155,738.44 | 7,677,710,776.41 |
VI. Balance of cash and cash equivalents at the end of the period | 3,820,400,148.10 | 7,843,789,623.57 |
Person-in-charge of | Person responsible for the | |
Legal Representative: | accounting affairs: | accounting institute: |
Zhang Jingquan | Lv Guiliang | Ning Yu |
- Adjustments to financial statements at the beginning of the year upon initial adoption of the New Lease Standards from 2021
N/A - Notes on retrospective adjustments to the comparative figures of the previous period upon initial adoption of the New Lease Standards from 2021
N/A
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4.4 Audit report N/A
By order of the Board
Inner Mongolia Yitai Coal Co., Ltd.*
Zhang Jingquan
Chairman
Inner Mongolia, the PRC, 16 April 2021
As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jingquan, Mr. Liu Chunlin, Mr. Ge Yaoyong, Mr. Zhang Dongsheng, Mr. Liu Jian, Mr. Lv Guiliang and Mr. Lv Junjie; and the independent non-executive directors of the Company are Mr. Zhang Zhiming, Mr. Huang Sujian, Mr. Wong Hin Wing and Ms. Du Yingfen.
* For identification purpose only
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Inner Mongolia Yitai Coal Co. Ltd. published this content on 16 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 15:05:01 UTC.