Past year: ▲ 5%(4.96 – 8.29 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Sept 2023director officer appointment● Neutral
Hong Kong list of directors and committee roles after the 27 September changes: Ning Yue is the sole executive director, Gang Ru is Chair, and there are four non-executive and three independent directors. Administrative restatement of the board change.
27 Sept 2023director officer appointment● NeutralMajor
Ning Yue (45, Yankuang Energy veteran) becomes Executive Director, Co-Vice Chairman and Executive Committee chair, replacing Ning Zhang, who resigned for new career opportunities with no disagreement. Gang Ru, the new Chairman, takes the Strategy chair and becomes a Hong Kong authorised representative.
19 Sept 2023half year report● Neutral
2023 Interim Report published, repeating the half-year result already released on 16 August: net profit A$973m and A$0.37/share interim dividend. No new figures in the readable text.
15 Sept 2023director officer appointment● NeutralMajor
Chairman Baocai Zhang, on the board since before the 2012 listing and chairman since 2018, steps down on 15 September 2023 to focus on other business. Non-executive director Gang Ru, linked to Shandong Energy, becomes Chairman. No disagreement stated.
15 Sept 2023director officer appointment● Neutral
Updated board list names Gang Ru as Chair, with eight directors: one executive, four non-executive and three independent. Committee membership is to be updated after Board approval, and a new authorised representative appointed.
14 Sept 2023agm notice● Neutral
Circular and notice for an EGM on 18 October 2023 in Sydney, where independent shareholders vote on the renewed coal sales agreements with Yankuang-related parties. The independent expert concluded they are fair and reasonable.
14 Sept 2023other● Neutral
Notice that documents tied to the 14 September circular, including the expert's report and the coal sales agreements, will be published online for 14 days. Administrative.
14 Sept 2023material agreement● NeutralMajor
Renews three-year coal sales framework agreements, 1 Nov 2023 to 31 Oct 2026, with Yankuang Energy (62.26% holder) and Yancoal International Trading, replacing the November 2020 ones. Needs independent shareholder approval at an EGM; an independent expert is engaged.
6 Sept 2023other● Neutral
Hong Kong monthly return for August 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
16 Aug 2023investor presentation● Neutral
Slides accompanying the 1H 2023 result released the same day. Only the cover and disclaimer were readable, so no new figures can be stated.
16 Aug 2023half year report● NeutralMajor
First-half profit fell to A$973m as the average price fell 11% to A$278/t and cash costs rose to A$109/t. Cash ended at about A$1.1bn with no loans. Interim dividend A$0.37/share; 31-36Mt guidance and second-half weighting kept.
16 Aug 2023half year report● NeutralMajor
Half-year accounts show revenue A$3,976m (down 17%) and net profit A$973m (down 44% from A$1,738m). Declares a A$489m (A$0.37/share) fully franked interim dividend, payable 20 September. Confirms no interest-bearing loans since the March repayment.
10 Aug 2023other● Neutral
Notice that 1H 2023 results will be released on 16 August 2023 after 6:30pm AEST, with a CEO-hosted investor webcast on 17 August. Administrative; no financial information.
4 Aug 2023other● Neutral
Board meeting set for 16 August 2023 to approve first-half results to 30 June 2023 and consider an interim dividend, if any. Administrative notice; no results yet.
4 Aug 2023other● Neutral
Hong Kong monthly return for July 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
19 July 2023quarterly activities report● Neutral
June-quarter attributable saleable output rose 44% on March to 8.5Mt, but realised price fell 35% to A$226/t. After A$924m dividend and A$1.5bn tax, cash was A$1.1bn with no debt. 2023 guidance of 31-36Mt unchanged.
4 July 2023other● Neutral
Hong Kong monthly return notice for June 2023. Only the cover page was provided, so no share movement details can be stated. Administrative filing.
6 June 2023security holder rights change● Neutral
Issued 1,216,705 performance share rights to senior executives under the 2023 long-term plan, about 0.09% of shares. Vesting depends on relative earnings per share and cost targets to 31 December 2025, with settlement using existing shares or cash.
5 June 2023other● Neutral
Hong Kong monthly return for May 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
1 June 2023security holder rights change● Neutral
Issued 65,833 deferred share rights to executive director Ning Zhang, approved at the 31 May AGM. They vest 32,916 on 1 March 2024 and 32,917 on 1 March 2025, and would be settled with existing shares, under 0.01% of the company.
31 May 2023director officer appointment● Neutral
Updated board list shows Gang Ru and Xiaolong Huang as non-executive directors, replacing Xiangqian Wu and Qingchun Zhao, who no longer appear. Board stays at nine. The text does not give reasons or dates; this follows the AGM, so is probably an inference of board changes at that time.
31 May 2023investor presentation● Neutral
AGM address and slides from Co-Vice Chairman Gregory Fletcher and CEO David Moult. Covers the year ended 31 December 2022 and refers to previously released results. Only the cover and disclaimer were readable, so no new figures.
29 May 2023security holder rights change● Neutral
All 2,007,635 vested 2020 long-term incentive rights were awarded, as earnings and cost conditions were met. They are settled with existing shares: 735,559 already settled, 1,272,076 remain on issue for later exercise. No new shares created.
4 May 2023other● Neutral
Hong Kong monthly return for April 2023: no change in issued shares, which remain 1,320,439,437. Administrative filing.
26 Apr 2023other● Neutral
2022 ESG Report published. Reports a recordable injury rate of 8.0, below the industry average, and covers the Stratford renewable hub feasibility study and the Austar pre-feasibility study with Green Gravity. Reporting document; no new transaction or financial result disclosed.
26 Apr 2023annual report● Neutral
2022 Annual Report published, repeating the record FY2022 result (net profit A$3,586m) already reported. It highlights first-time debt repayment and dividends, and the Stratford renewable energy hub feasibility study and Austar kinetic storage MoU. No new financial figures in the readable text.
26 Apr 2023agm notice● Neutral
Sets the voting record time for the 31 May 2023 AGM at 7pm Sydney time on 24 May 2023, earlier than Australian holders may expect because of the dual ASX and Hong Kong listing. Shareholders must be registered by then to vote.
26 Apr 2023annual report● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the corporate governance statement on pages 130-155, accurate as at 27 February 2023. Administrative filing with no new information.
20 Apr 2023material agreement● Neutral
The 2023 annual cap on the management and transitional services agreement with Yankuang-related parties is raised from A$12m to A$20m, citing inflationary cost pressures. 2022 actual was A$11.7m. Terms unchanged; the title also covers POSCO and YIT coal sales caps (text truncated).
20 Apr 2023other● Neutral
Updated list of directors and committee memberships following the 20 April board change. Administrative filing with no new information.
