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CStone Pharmaceuticals Earnings Release 2017

Jan 29, 2018

50715_rns_2018-01-29_a57ed83d-74d9-4f5d-9270-08b9cd2c1fb9.pdf

Earnings Release

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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)

POSITIVE PROFIT ALERT FOR THE YEAR OF 2017

This announcement is made pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

In accordance with the Chinese Accounting Standards, the net profit attributable to shareholders of the Group for the year of 2017 are expected to increase by RMB3,990-5,070 million, representing an increase of approximately 193-245% as compared to the corresponding period of last year (according to statutory disclosure data).

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

This announcement is made by Yanzhou Coal Mining Company Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

  • I. Estimated results for the Period (calculated in accordance with the Chinese Accounting Standards)

    1. Period of the estimated results

      • 1 January 2017 to 31 December 2017 (the “ Period ” )
    2. Estimated results

      • (i) Based on the preliminary calculation made by the finance department of the Company, it is estimated that the net profit attributable to shareholders of the Company for the year of 2017 would increase by RMB3,990-5,070 million, representing an increase of approximately 193-245% as compared to the corresponding period of last year (according to statutory disclosure data).
    • (ii) The net profit after deducting non-recurring items of gains and losses attributable to shareholders of the Company would increase by RMB3,370-4,450 million, representing an increase of approximately 226-299% as compared to the corresponding period of last year (according to statutory disclosure data).

    • (iii) As the acquisition of the equity interest in Yankuang Group Finance Co., Ltd. (兗礦集團財務有限公司) by the Company was completed in 2017, resulting in merger of enterprises under common control, the Company restated and adjusted the relevant financial data of the corresponding period of last year. It is estimated that the net profit attributable to shareholders of the Company in 2017 would increase by RMB3,890-4,970 million, representing an increase of approximately 180-230% as compared to the data of the corresponding period of last year as restated and adjusted.

  1. The estimated results for the Period have not been audited by certified public accountants.

II. Results for the corresponding period of last year (calculated in accordance with the Chinese Accounting Standards)

  1. Net profit attributable to shareholders of the Company: RMB2,064.6 million; net profit after deducting non-recurring items of gains and losses attributable to shareholders of the Company: RMB1,489.5 million.

  2. Earnings per share: RMB0.4203

III.

Main reasons for the estimated growth of profits for the Period

The significant growth of the Group’s profits for the year of 2017 as compared to the corresponding period of last year is mainly due to the following reasons:

  1. With the thorough implementation of the national supply-side structural reform, the coal price has maintained at a medium to high level, and the sales price of the Group’s commercial coal has increased significantly as compared to the corresponding period of last year; and

  2. Benefiting from the successive commencements of commercial production of the newly developed mine shafts and the additional mergers and acquisitions of coal mines during the Period, the sales volume of self-produced coal has significantly increased as compared to the corresponding period of last year.

IV. Risk notice

There are no material uncertainties in the Group that would affect the accuracy of the contents of this positive profit alert.

V. Other matters

The relevant financial data disclosed in this positive profit alert are calculated in accordance with the Chinese Accounting Standards. Investors are advised to distinguish the differences between the accounting standards of the financial data.

The above estimated data only represent the results of preliminary calculations and shall be subject to the annual report of 2017 to be formally published by the Company, which will set out the accurate and detailed financial information.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

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

Zoucheng, Shandong Province, the PRC 29 January 2018

As at the date of this announcement, the directors of the Company are Mr. Li Xiyong, Mr. Li Wei, Mr. Wu Xiangqian, Mr. Wu Yuxiang, 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.