Income Statement China Coal Energy Company Limited

Equities

1898

CNE100000528

Coal

Market Closed - Hong Kong S.E. Other stock markets 01:38:33 09/09/2024 pm IST			5-day change	1st Jan Change
8.440 ^HKD	-3.97%		-9.44%	+18.87%

27/08	China Coal Energy's H1 Attributable Profit Slides 16% as Revenue Falls	MT
26/08	Transcript : China Coal Energy Company Limited, H1 2024 Earnings Call, Aug 26, 2024

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Published financial data: CHINA COAL ENERGY COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	128B	140B	230B	220B	192B
Other Revenues, Total	872M	912M	1.16B	1.05B	738M
Total Revenues	129B	141B	231B	221B	193B
Cost of Goods Sold, Total	93.22B	105B	189B	165B	145B
Gross Profit	36.07B	36.42B	41.72B	55.37B	48.25B
Selling General & Admin Expenses, Total	17.21B	16.4B	5.29B	6.18B	6.52B
Provision for Bad Debts	-30.7M	47.77M	29.04M	207M	87.09M
R&D Expenses	289M	523M	666M	771M	916M
Impairment of Oil, Gas & Mineral Properties - (IS)	9.22M	7M	94.27M	6.76B	-
Other Operating Expenses	3.89B	4.11B	6.37B	7.86B	7.82B
Other Operating Expenses, Total	21.37B	21.08B	12.45B	21.77B	15.34B
Operating Income	14.7B	15.34B	29.27B	33.61B	32.91B
Interest Expense, Total	-4.88B	-4.67B	-4.09B	-3.86B	-3.06B
Interest And Investment Income	2.64B	1.47B	3.66B	5.17B	3.11B
Net Interest Expenses	-2.24B	-3.2B	-435M	1.31B	44.84M
Currency Exchange Gains (Loss)	-10.59M	-10.39M	26.32M	1.51M	-25.16M
Other Non Operating Income (Expenses)	-4.92M	44.68M	-14.54M	-1.86M	49.37M
EBT, Excl. Unusual Items	12.44B	12.17B	28.85B	34.92B	32.98B
Gain (Loss) On Sale Of Investments	-	-	-	-47.46M	-
Gain (Loss) On Sale Of Assets	4.43M	82K	-13.51M	8.77M	-18.61M
Asset Writedown	-673M	-36.91M	-3.53B	-1.98B	-200M
Other Unusual Items	371M	188M	274M	-2.73M	287M
EBT, Incl. Unusual Items	12.14B	12.32B	25.58B	32.9B	33.05B
Income Tax Expense	3.55B	3.4B	6.57B	7.52B	7.3B
Earnings From Continuing Operations	8.59B	8.93B	19B	25.38B	25.75B
Net Income to Company	8.59B	8.93B	19B	25.38B	25.75B
Minority Interest	-2.97B	-3.02B	-5.72B	-7.14B	-6.21B
Net Income - (IS)	5.63B	5.9B	13.28B	18.24B	19.53B
Net Income to Common Incl Extra Items	5.63B	5.9B	13.28B	18.24B	19.53B
Net Income to Common Excl. Extra Items	5.63B	5.9B	13.28B	18.24B	19.53B
Per Share Items
Net EPS - Basic	0.42	0.45	1	1.38	1.47
Basic EPS - Continuing Operations	0.42	0.45	1	1.38	1.47
Basic Weighted Average Shares Outstanding	13.26B	13.26B	13.26B	13.26B	13.26B
Net EPS - Diluted	0.42	0.45	1	1.38	1.47
Diluted EPS - Continuing Operations	0.42	0.45	1	1.38	1.47
Diluted Weighted Average Shares Outstanding	13.26B	13.26B	13.26B	13.26B	13.26B
Normalized Basic EPS	0.36	0.35	0.93	1.11	1.09
Normalized Diluted EPS	0.36	0.35	0.93	1.11	1.09
Dividend Per Share	0.13	0.13	0.3	0.41	0.44
Payout Ratio	107.46	112.62	44.94	42.7	44.9
American Depositary Receipts Ratio (ADR)	20	20	20	20	20
Supplemental Items
EBITDA	24.16B	25.04B	39.77B	43.83B	43.81B
EBITA	15.32B	15.99B	29.98B	34.45B	34.35B
EBIT	14.7B	15.34B	29.27B	33.61B	32.91B
EBITDAR	24.39B	25.27B	39.89B	44.13B	44.1B
Total Revenues (As Reported)	-	-	-	-	193B
Effective Tax Rate - (Ratio)	29.25	27.58	25.71	22.86	22.09
Total Current Taxes	3.49B	2.96B	6.83B	9.31B	7.38B
Total Deferred Taxes	62.78M	442M	-257M	-1.79B	-78.86M
Normalized Net Income	4.81B	4.59B	12.31B	14.69B	14.4B
Interest Capitalized	455M	349M	435M	192M	91.26M
Interest on Long-Term Debt	1.61B	1.24B	1.49B	603M	539M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	13.29B	12.65B	837M	929M	1.05B
General and Administrative Expenses	3.86B	3.66B	4.38B	5.15B	5.34B
Research And Development Expense From Footnotes	400M	571M	725M	848M	76.64M
Net Rental Expense, Total	228M	239M	121M	294M	299M
Imputed Operating Lease Interest Expense	101M	101M	45.18M	103M	94.28M
Imputed Operating Lease Depreciation	127M	139M	75.7M	190M	204M
Maintenance & Repair Expenses, Total	1.94B	2.46B	2.76B	-	3.8B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	25.6B	35.95B	72.92B	91.03B	91.54B
Total Cash And Short Term Investments	25.6B	35.95B	72.92B	91.03B	91.54B
Accounts Receivable, Total	15.17B	12.24B	15.14B	16.6B	13.14B
Other Receivables	3.15B	3.06B	3.12B	2.59B	2.11B
Notes Receivable	555M	1.06B	1.97B	1.01B	473M
Total Receivables	18.87B	16.36B	20.23B	20.2B	15.72B
Inventory	8.17B	7.05B	8.19B	9.35B	8.73B
Other Current Assets, Total	2.38B	2.86B	3.64B	3.33B	3.67B
Total Current Assets	55.03B	62.22B	105B	124B	120B
Gross Property Plant And Equipment	192B	204B	208B	213B	223B
Accumulated Depreciation	-61.89B	-70.7B	-79.46B	-86.92B	-95.38B
Net Property Plant And Equipment	130B	133B	129B	126B	128B
Long-term Investments	26.66B	26.3B	29.26B	33.31B	33.82B
Goodwill	6.08M	6.08M	6.08M	6.08M	6.08M
Other Intangibles, Total	47.13B	50.08B	51.81B	48.58B	56.03B
Accounts Receivable Long-Term	241M	285M	370M	406M	333M
Loans Receivable Long-Term	5B	4.33B	1.92B	2.95B	6.77B
Deferred Tax Assets Long-Term	3.29B	2.81B	3.13B	3.02B	3.04B
Deferred Charges Long-Term	53.34M	141M	104M	133M	95.97M
Other Long-Term Assets, Total	5.3B	2.04B	1.49B	1.42B	1.57B
Total Assets	272B	282B	322B	340B	349B
Liabilities
Accounts Payable, Total	21.28B	21.81B	23.88B	22.04B	22.31B
Accrued Expenses, Total	4.82B	5.66B	8.66B	9.33B	9.55B
Short-term Borrowings	4.27B	1.67B	582M	1.64B	294M
Current Portion of Long-Term Debt	33.67B	21.27B	21.64B	31.09B	21.64B
Current Portion of Leases	67.33M	37.21M	74.32M	73.29M	107M
Current Income Taxes Payable	1B	715M	3.18B	3.21B	1.63B
Unearned Revenue Current, Total	2.59B	3.61B	5.18B	6.24B	5.04B
Other Current Liabilities	15.99B	14.39B	24.56B	31.38B	37.59B
Total Current Liabilities	83.67B	69.15B	87.75B	105B	98.16B
Long-Term Debt	56.31B	72.73B	75.04B	53.31B	50.77B
Long-Term Leases	436M	409M	419M	372M	716M
Unearned Revenue Non Current	1.55B	1.45B	2.32B	2.22B	980M
Pension & Other Post Retirement Benefits	101M	110M	96.97M	89.61M	1.38M
Deferred Tax Liability Non Current	5.76B	5.73B	5.79B	4.64B	4.62B
Other Non Current Liabilities	7.28B	8.25B	7.93B	9.42B	11.33B
Total Liabilities	155B	158B	179B	175B	167B
Common Stock, Total	13.26B	13.26B	13.26B	13.26B	13.26B
Additional Paid In Capital	38.85B	38.69B	38.61B	38.87B	39.06B
Retained Earnings	41.46B	45.69B	57.13B	71.88B	85.11B
Comprehensive Income and Other	3.61B	3.21B	4.8B	6.76B	6.69B
Total Common Equity	97.17B	101B	114B	131B	144B
Minority Interest	20.2B	23B	28.62B	34.29B	38.66B
Total Equity	117B	124B	142B	165B	183B
Total Liabilities And Equity	272B	282B	322B	340B	349B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.26B	13.26B	13.26B	13.26B	13.26B
ECS Total Common Shares Outstanding	13.26B	13.26B	13.26B	13.26B	13.26B
Book Value / Share	7.33	7.61	8.58	9.86	10.87
Tangible Book Value	50.04B	50.77B	61.97B	82.18B	88.09B
Tangible Book Value Per Share	3.77	3.83	4.67	6.2	6.64
Total Debt	94.74B	96.12B	97.75B	86.49B	73.52B
Net Debt	69.14B	60.17B	24.83B	-4.53B	-18.02B
Debt Equivalent Oper. Leases	1.82B	1.91B	967M	2.35B	2.39B
Minority Interest, Total (Incl. Fin. Div)	20.2B	23B	28.62B	34.29B	38.66B
Equity Method Investments, Total	24.18B	23.86B	26.69B	29.75B	30.8B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.55B	3.75B	3.45B	3.58B	3.26B
Inventories - Work In Process, Total	1.79B	1.69B	1.97B	2.71B	3.25B
Inventories - Finished Goods, Total	3.1B	1.9B	3.37B	3.65B	2.88B
Inventories - Others	39.27M	30.47M	59.28M	59.35M	58.77M
Buildings, Total	51.78B	46.58B	47.17B	49.35B	49.13B
Machinery, Total	88.24B	90.56B	94.9B	99.4B	103B
Full Time Employees	42.11K	41.59K	45.47K	46.45K	47.12K
Accumulated Allowance for Doubtful Accounts (Supple)	521M	559M	553M	759M	585M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	5.63B	5.9B	13.28B	18.24B	19.53B
Depreciation & Amortization - CF	8.9B	9.12B	9.77B	9.46B	9.57B
Amortization of Goodwill and Intangible Assets - (CF)	622M	649M	710M	847M	1.43B
Impairment of Oil, Gas & Mineral Properties - (CF)	9.22M	7M	94.27M	-	-
Depreciation & Amortization, Total	9.53B	9.78B	10.57B	10.31B	11.01B
Amortization of Deferred Charges, Total - (CF)	121M	177M	261M	216M	161M
(Gain) Loss From Sale Of Asset	-4.43M	-82K	13.51M	-8.77M	18.61M
(Gain) Loss on Sale of Investments - (CF)	-2.48B	-1.31B	-	-4.99B	-
Asset Writedown & Restructuring Costs	673M	36.91M	3.53B	8.74B	200M
Provision for Credit Losses	39.07M	6.53M	-20.36M	12.14M	46.66M
Provision and Write-off of Bad Debts	-30.65M	47.71M	29.08M	207M	87.09M
Other Operating Activities, Total	7.64B	7.59B	8.67B	12.5B	6.83B
Change In Accounts Receivable	-2.02B	1.34B	-5.52B	-5.59B	110M
Change In Inventories	137M	1B	-1.76B	-1.03B	-753M
Change In Accounts Payable	1.8B	-1.76B	19.29B	9.2B	7.83B
Change in Unearned Revenues	110M	1.02B	1.57B	761M	-1.15B
Change In Deferred Taxes	62.78M	442M	-257M	-1.9B	-207M
Change in Other Net Operating Assets	786M	-1.64B	-1.55B	-3.02B	-752M
Cash from Operations	21.98B	22.63B	48.11B	43.63B	42.97B
Capital Expenditure	-10.95B	-10.31B	-10.43B	-9.76B	-17.57B
Sale of Property, Plant, and Equipment	73.84M	111M	115M	119M	57.03M
Cash Acquisitions	-	8.21M	-	-215M	-
Divestitures	-137M	-	-	372M	-153M
Investment in Marketable and Equity Securities, Total	1.93B	-6.31B	-19.01B	-15.53B	1.84B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	417M	2.25B	3.94B	2.96B	772M
Cash from Investing	-8.66B	-14.24B	-25.38B	-22.05B	-15.06B
Long-Term Debt Issued, Total	25.44B	41.47B	27.22B	12.42B	21.64B
Total Debt Issued	25.44B	41.47B	27.22B	12.42B	21.64B
Long-Term Debt Repaid, Total	-27.67B	-40.15B	-25.74B	-26.79B	-35.03B
Total Debt Repaid	-27.67B	-40.15B	-25.74B	-26.79B	-35.03B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-6.05B	-6.65B	-5.97B	-7.79B	-8.77B
Common & Preferred Stock Dividends Paid	-6.05B	-6.65B	-5.97B	-7.79B	-8.77B
Other Financing Activities, Total	-1.3B	-147M	-2.2B	-530M	-4.14B
Cash from Financing	-9.57B	-5.47B	-6.7B	-22.69B	-26.3B
Foreign Exchange Rate Adjustments	4.47M	-10.39M	26.32M	1.52M	-25.16M
Net Change in Cash	3.77B	2.9B	16.05B	-1.1B	1.58B
Supplemental Items
Cash Interest Paid	-	-	21.12M	-	-
Cash Income Tax Paid (Refund)	12.53B	12.57B	17.54B	27.21B	26.14B
Levered Free Cash Flow	7.58B	10.02B	29.51B	25.58B	20.94B
Unlevered Free Cash Flow	10.63B	12.94B	32.06B	27.99B	22.85B
Change In Net Working Capital	-2.73B	-3.7B	-13.36B	-6.22B	-8.69B
Net Debt Issued / Repaid	-2.22B	1.32B	1.47B	-14.37B	-13.39B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3.42	3.46	6.05	6.34	5.97
Return on Total Capital	4.37	4.44	7.93	8.53	8.1
Return On Equity %	7.54	7.4	14.21	16.47	14.8
Return on Common Equity	5.94	5.96	12.31	14.88	14.21
Margin Analysis
Gross Profit Margin %	27.9	25.84	18.05	25.1	25
SG&A Margin	13.31	11.63	2.29	2.8	3.38
EBITDA Margin %	18.69	17.76	17.2	19.87	22.7
EBITA Margin %	11.85	11.34	12.97	15.62	17.8
EBIT Margin %	11.37	10.88	12.66	15.24	17.06
Income From Continuing Operations Margin %