CStone Pharmaceuticals — Annual Report 2019

Apr 22, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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兗州煤業股份有限公司

YANZHOU COAL MINING COMPANY LIMITED

(A joint stock limited company incorporated in the People’s Republic of China with limited liability)

(Stock Code: 1171)

SUPPLEMENTAL ANNOUNCEMENT

UPDATE ON THE ANNUAL RESULTS FOR THE YEAR ENDED 31

DECEMBER 2019

Reference is made to the announcement of the Yanzhou Coal Mining Company Limited (the " Company ") dated 27 March 2020 in relation to the unaudited annual results of the Group for the year ended 31 December 2019 (the “ 2019 Annual Results Announcement ”). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the 2019 Annual Results Announcement.

2019 ANNUAL RESULTS AGREED BY THE AUDITOR

The board of directors of the Company is pleased to announce that as at the date of this announcement, the Company has obtained the agreement on the 2019 annual results (including the financial figures in respect of the Group’s consolidated statement of profit or loss, consolidated statement of comprehensive income and consolidated statement of financial position and the related notes thereto) as set out in the 2019 Annual Results Announcement from the auditor of the Company, SHINEWING (HK) CPA Limited in accordance with the requirement of Rule 13.49(2) of the Listing Rules. The adjusted consolidated financial statements of the Group and the relevant notes are set out as follows.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED 31 DECEMBER 2019

Gross sales of coal Railway transportation service income Gross sales of electricity power Gross sales of methanol Gross sales of heat supply Gross sales of equipment manufacturing Total revenue Transportation costs of coal Cost of sales and services provided Cost of electricity of power Cost of methanol Cost of heat supply Cost of equipment manufacturing Total cost of sales Gross profit Selling, general and administrative expenses Share of results of associates Share of results of joint ventures Other income and gains Finance costs Profit before tax Income tax expenses Profit for the year Attributable to: Equity holders of the Company Owners of perpetual capital securities Non-controlling interests – Perpetual capital securities – Other Earnings per share, basic and diluted		2019 RMB’000 63,777,065 382,545 583,458 2,863,438 32,859 165,279 67,804,644 (3,763,957) (40,176,591) (498,064) (2,150,962) (20,452) (165,132) (46,775,158) 21,029,486 (8,777,402) 1,710,082 (135,352) 3,911,262 (2,751,234) 14,986,842 (3,160,063) 11,826,779 9,388,645 580,181 200,566 1,657,387 11,826,779 RMB1.91	2018 RMB’000 62,428,313 420,303 592,077 3,494,892 34,324 477,195 67,447,104 (3,751,061) (36,177,841) (545,608) (2,298,851) (18,699) (348,506) (43,140,566) 24,306,538 (10,659,581) 1,296,207 238,101 4,362,227 (3,612,394) 15,931,098 (4,608,406) 11,322,692 8,582,556 607,095 202,733 1,930,308 11,322,692 RMB1.75

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2019

Profit for the year Other comprehensive (expense) income (after income tax): Items that will not be reclassified subsequently to profit or loss: Fair value change on equity investments at fair value through other comprehensive income (“FVTOCI”) Income tax relating to item that will not be reclassified subsequently Items that may be reclassified subsequently to profit or loss: Cash flow hedges: Cash flow hedge amounts recognised in other comprehensive income Reclassification adjustments for amounts transferred to income statement (included in revenue) Deferred taxes Share of other comprehensive income of associates Exchange difference arising on translation of foreign operations Other comprehensive income (expense) for the year Total comprehensive income for the year Attributable to: Equity holders of the Company Owners of perpetual capital securities Non-controlling interests – Perpetual capital securities – Other	2019 RMB’000 11,826,779 (623) 156 (467) 111,593 586,111 (209,311) 488,393 184,490 439,816 1,112,232 12,939,011 10,180,924 580,181 200,566 1,977,340 12,939,011	2018 RMB’000 11,322,692 (148) 37
		(111)
		(1,078,397) 661,151 125,174
		(292,072)
		158,010 (1,988,952)
		(2,123,125)
		9,199,567
		7,148,709 607,095 202,733 1,241,030
		9,199,567

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2019

Current assets Bank balances and cash Pledged term deposits Restricted cash Bills and accounts receivables Long-term receivables - due within one year Royalty receivable Inventories Prepayments and other receivables Prepaid lease payments Derivative financial instruments Assets classified as held for sale Non-current assets Intangible assets Prepaid lease payments Property, plant and equipment Right-of-use assets Construction in progress Prepayments for property, plant and equipment and intangible assets Goodwill Investments in securities Interests in associates Interests in joint ventures Long-term receivables - due after one year Royalty receivable Deposits made on investments Deferred tax assets Total assets	2019 RMB’000 22,789,951 210,000 4,273,655 7,598,163 1,355,851 120,538 6,007,309 20,339,819 - 36,114 62,731,400 217,644 62,949,044 51,958,569 - 44,995,450 1,739,438 16,288,401 1,860,196 1,655,090 156,720 17,115,439 518,956 8,762,200 1,022,552 117,926 1,620,590 147,811,527 210,760,571		2018
			RMB’000 27,372,942 1,913,231 3,436,572 9,157,262 1,571,284 134,544 4,068,995 16,873,188 29,718 -
			64,557,736 272,902
			64,830,638
			47,868,989 1,275,029 45,296,120 - 10,896,287 1,224,943 1,651,211 162,086 16,023,709 660,221 8,654,642 796,712 117,926 6,545,102
			141,172,977
			206,003,615

Current liabilities Bills and accounts payables Other payables and accrued expenses Contract liabilities Provision for land subsidence, restoration, rehabilitation and environmental costs Amounts due to Parent Company and its subsidiaries Borrowings – due within one year Long term payables – due within one year Provision Derivative financial instruments Lease liabilities Tax payable Non-current liabilities Borrowings – due after one year Deferred tax liabilities Provision for land subsidence, restoration, rehabilitation and environmental costs Provision Lease liabilities Long term payables – due after one year Total liabilities Capital reserves Share capital Reserves Equity attributable to equity holders of the Company Owners of perpetual capital securities Non-controlling interests - Perpetual capital securities - Others Total liabilities and equity	2019 RMB’000 19,116,658 26,798,374 2,717,475 50,940 1,093,707 16,207,455 4,070 54,368 148,554 156,852 653,437 67,001,890 49,168,036 3,414,196 1,991,782 1,091,640 328,072 2,416,350 58,410,076 125,411,966 4,912,016 49,207,784 54,119,800 10,311,611 3,417,351 17,499,843 85,348,605 210,760,571	2018
		RMB’000 12,514,298 20,679,288 2,207,641 2,327,177 929,654 20,069,685 122,388 135,876 1,254 - 613,153
		59,600,414
		48,608,238 8,008,106 1,425,053 1,187,229 - 129,586
		59,358,212
		118,958,626
		4,912,016 47,165,344
		52,077,360 10,316,444 3,417,351 21,233,834
		87,044,989
		206,003,615

1. INCOME TAX EXPENSES

Income taxes: Current taxes Deferred taxes	Year ended 31 December 2019 2018 RMB’000 RMB’000 2,829,461 3,210,681 330,602 1,397,725 3,160,063 4,608,406	Year ended 31 December 2019 2018 RMB’000 RMB’000 2,829,461 3,210,681 330,602 1,397,725 3,160,063 4,608,406
		4,608,406

2. BILLS AND ACCOUNTS RECEIVABLES

Accounts receivables Less: impairment loss Bills receivables Less: impairment loss Total bills and accounts receivables, net	At 31 December 2019 2018 RMB’000 RMB’000 4,976,900 5,128,383 (481,503) (399,830) 4,495,397 4,728,553 3,103,594 4,430,527 (828) (1,818) 7,598,163 9,157,262	At 31 December 2019 2018 RMB’000 RMB’000 4,976,900 5,128,383 (481,503) (399,830) 4,495,397 4,728,553 3,103,594 4,430,527 (828) (1,818) 7,598,163 9,157,262
		4,728,553 4,430,527 (1,818)
		9,157,262

For the adjusted Management Discussion and Analysis, please refer to the annual report for the year ended 31 December 2019 of the Company published on the websites of the Company and the Stock Exchange on 22 April 2020, the hard copies of which will be despatched to the holders of H shares of the Company in April 2020. Except for the adjustments as set out above, the 2019 annual results as set out in the 2019 Annual Results Announcement remained unchanged.

THE 2019 ANNUAL DIVIDEND

In return for the long-term support of the Shareholders, the Board proposed a dividend of RMB0.58 (including tax) per share based on the number of shares on the dividend distribution record date. Based on the Company's total share capital on 31 December 2019, it is estimated to distribute a cash dividend of RMB2.849 billion (including tax) for the year 2019. This dividend distribution plan shall be submitted to the Shareholders for consideration at the 2019 annual general meeting and the cash dividend for the year

2019 will be distributed to all the Shareholders within two months (if approved) after the approval of the annual general meeting.

By order of the Board Yanzhou Coal Mining Company Limited Chairman of the Board Li Xiyong

Zoucheng, Shandong Province, the PRC 22 April 2020

As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Li Wei, Mr. Wu Xiangqian, Mr. Liu Jian, Mr. Guo Dechun, Mr. Zhao Qingchun and Mr. Guo Jun, and the independent non-executive directors of the Company are Mr. Kong Xiangguo, Mr. Cai Chang, Mr. Poon Chiu Kwok and Mr. Qi Anbang.