first quarterly report for the year 2016 - HKEXnews

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.

FIRST QUARTERLY REPORT FOR THE YEAR 2016 1.

IMPORTANT NOTICE 1.1 The Board and the supervisory committee of 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. 1.2 All directors of the Company attended the Board meeting to review the quarterly report. 1.3 Mr. Zhang Donghai(the person-in-charge of the Company), Mr. Lv Guiliang(the person-incharge of accounting affairs) and Mr. Lv Xudong(the person responsible for the accounting institute, i.e., head of the accounting institute), warrant that the financial statements set out in this quarterly report are true, accurate and complete. 1.4 The first quarterly report of the Company has not been audited.

* for identification purpose only -1-

2.

MAJOR FINANCIAL DATA AND CHANGES IN SHAREHOLDERS OF THE COMPANY 2.1 Major financial data Unit: RMB0.00 Currency: RMB

Total assets Net assets attributable to shareholders of the Company

Net cash flows from operating activities

Operating revenue Net profit attributable to shareholders of the Company Net profit after non-recurring profit and loss attributable to shareholders of the Company Weighted average return on net assets (%) Return on weighted average net assets after non-recurring profit and loss (%) Basic earnings per share (RMB/ share) Diluted earnings per share (RMB/ share)

At the end of the reporting period

At the end of last year

Change from the end of last year (%)

71,235,171,115.31

68,168,764,650.26

4.50%

22,174,729,455.35

22,151,422,801.4

0.11%

From the beginning of this year to the end of the reporting period

From the beginning of last year to the end of the reporting period of last year

Change from the same period last year (%)

469,493,094.56

191,465,078.55

145.21%

From the beginning of this year to the end of the reporting year

From the beginning of last year to the end of the reporting period of last year

3,848,347,335.89

4,362,759,226.28

-11.79%

23,405,873.32

223,924,899.55

-89.55%

17,656,198.58

158,718,891.5

0.11

0.97

-88.88% down 8.6 percentage points

0.08

0.69

down 6.1 percentage points

0.01

0.07

-85.71

0.01

0.07

-85.71

-2-

Change from the same period last year (%)

Items of non-recurring profit and loss and relevant amounts √ Applicable N/A Unit: RMB0.00 Currency: RMB Amount for the reporting period

Items Gains or losses from disposal of non-current assets Ultra vires, or without formal approval documents, or sporadic tax return and deduction Profits or losses from entrusting others to invest or manage the assets Profits or losses on change in fair value from financial assets and financial liabilities held for trading, as well as investment income from disposal of financial assets available for sales except for effective hedging related with normal business of the Company Non-operating income and expenses other than the above items Impact on minority interests (after taxation) Impact on income tax Total

-3-

8,441,368.26 73,709.94 497,041.09

2,288,341.01 -5,039,639.11 -736,833.98 225,687.53 5,749,674.74

Explanations

2.2 Total number of shareholders, the top ten shareholders and the shareholding of 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) Shareholdings of Top Ten Shareholders

81,820

Name of shareholder(in full name)

Shares held at the end of the reporting period

Inner Mongolia Yitai Group Co., Ltd.

1,600,000,000

49.17

312,000,000

9.59

Unknown

74,061,448

2.28

Unknown

21,964,000

0.68

Unknown

18,078,093

0.56

Unknown

17,353,698

0.53

Unknown

10,482,694

0.32

Unknown

Foreign legal person

10,054,059

0.31

Unknown

7,668,216

0.24

Unknown

6,186,325

0.19

Unknown

Foreign legal person Foreign legal person Domestic natural person

Yitai (Group) HK Co., Ltd. FTIF TEMPLETON ASIAN GROWTH FUND 5496 China Merchants Securities (HK) Co., Limited JPMCB/STICHTING PENSINENFONDS ABP SCBHK A/C BBH S/A VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND EMPLOYEES PROVIDENT FUND BOARD HSBC BROKING SECURITIES (ASIA) LIMITED CLIENTS ACCOUNT Hu Jiaying

Shares held Pledged or frozen shares subject to selling Number of Type of Ratio restrictions Condition shares shareholder (%)

-4-

1,600,000,000

Nil

Domestic non-state legal person Foreign legal person Foreign legal person Foreign legal person Foreign legal person Foreign legal person

Shareholdings of Top Ten Shareholders Not Subject to Selling Restrictions Type and number of shares Number of shares held not subject to selling restrictions

Name of shareholder Yitai (Group) HK Co., Ltd.

312,000,000

FTIF TEMPLETON ASIAN GROWTH FUND 5496

74,061,448

China Merchants Securities (HK) Co., Limited

21,964,000

JPMCB/STICHTING PENSINENFONDS ABP

18,078,093

SCBHK A/C BBH S/A VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND EMPLOYEES PROVIDENT FUND BOARD

17,353,698 10,482,694 10,054,059

HSBC BROKING SECURITIES (ASIA) LIMITED CLIENTS ACCOUNT Hu Jiaying

7,668,216

HKJC EQUITY TRUST FUND – FRANKLIN TEMPLETON INVESTMENTS (ASIA) LIMITED

6,080,581

6,186,325

Explanations on connected relationship or action in concert of the above shareholders

type

Number

Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares Domestic listed foreign shares

312,000,000 74,061,448 21,964,000 18,078,093 17,353,698 10,482,694 10,054,059 7,668,216 6,186,325 6,080,581

Among the top ten shareholders of the Company, Yitai (Group) HK Co., Ltd. is a wholly-owned subsidiary of Inner Mongolia Yitai Group Co., Ltd., a shareholder of domestic legal person. The Company is not aware of any connected relationship or any parties acting in concert for other shareholders of foreign shares

Statement on holders of preference shares with voting rights recovered and number of shares held 2.3 Total number of holders of preference shares, the top ten holders of preference shares and the shareholding of the top ten holders of preference shares not subject to selling restrictions as at the end of the reporting period Applicable 3N/A

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3.

SIGNIFICANT EVENTS 3.1 Particulars and reasons of material changes in major accounting items and financial indicators of the Company 3Applicable N/A As at the end of the reporting period, the Company produced an aggregate of 7,910,400 tonnes of coal, representing an increase of 3.29% from the same period of last year. The Company sold 12,076,800 tonnes of coal, representing a decrease of 1.36% from the same period of last year. In particular, coal sold via railway transportation amounted to 9,245,900 tonnes and coal sold at local coal mines and transportation stations amounted to 2,830,900 tonnes. The sales revenue amounted to RMB3,848,347,300, representing a decrease of 11.79% from the same period of last year. Net profit attributable to the owner of the parent Company amounted to RMB23,405,900, representing a decrease of 89.55% from the same period of last year. Changes and reasons analysis of major accounting statement items:

Items

Financial assets at fair value through profit or loss for the current period Accounts receivables

Closing balance (or balance of this period)

Opening balance (or balance of previous period) Ratio of change Reasons of changes (%)

327,020.00

Complete Mainly attributable to the book gains on growth changes in futures at the end of the period

1,521,661,529.94

2,445,685,422.14

Prepayments

947,392,964.34

708,732,973.83

Other receivables

686,057,884.95

285,498,929.93

2,057,595,326.58

1,091,201,255.90

182,992,668.03

33,526,642.40

Other current assets Other non-current assets

Financial liabilities at fair value through profit or loss for the current period Bills payable Staff remuneration payables

65,600.00

130,295,914.40

325,150,396.75

92,049,090.98

209,834,431.29 -6-

–37.78% Mainly attributable to an increase in recovery of payment during the period 33.67% Mainly attributable to an increase in pre-paid cargo freight during the period 140.30% Mainly attributable to the increase of the entrusted loans 88.56% Mainly attributable to the increase of wealth management products for the period 445.81% Mainly attributable to the increase of the prepaid payment of the equity acquisition for the period Complete Mainly attributable to the book gains on decrease changes in futures at the end of the period –59.93% Attributable to payment of remittance of bills payable –56.13% Mainly attributable to the provision of last year’s bonus for the period

Closing balance (or balance of this period)

Items

Opening balance (or balance of previous period) Ratio of change Reasons of changes (%)

Interest payables

341,360,317.40

239,289,618.59

Long-term payables

814,184,868.04

312,656,342.40

Administrative expenses

242,433,694.08

391,344,095.70

Financial expenses

246,966,032.69

179,331,084.69

Investment income

–1,412,288.54

96,650,718.14

Non-operating income

10,126,175.39

5,218,739.09

Non-operating expenses

6,741,878.65

16,161,470.65

Income tax expenses

–201,088.40

85,925,237.06

42.66% Mainly attributable to the increase in borrowings for the period 160.41% Mainly attributable to receiving of the national development fund investment. –38.05% Mainly attributable to the farmland conversion tax payment for last period. 37.72% Mainly attributable to the increase in borrowings for the period –101.46% Mainly attributable to the revenue incurred from the sales of available-for-sale financial assets for the last period 94.03% Mainly attributable to gains on the disposal of non-current assets for the period –58.28% Mainly attributable to the decrease of the donation for the period –100.23% Mainly attributable to the decrease of profits for the period

3.2 Development of significant events, related impact and resolution 3Applicable Not Applicable 1.

On 18 March 2015, the Company entered into an equity transfer agreement with Yitai Group, the controlling shareholder , pursuant to which the Company shall acquire 5% equity interest in Yitai Guanglian Coal Chemical Co., Ltd. from Yitai Group for a consideration of RMB1.912 billion. During the reporting period, the Company was handling the registration of the above changes in equity interest.

2.

On 1 January 2016, the Company established a wholly owned company, Inner Mongolia Yitai Railway Investment Co., Ltd. (內蒙古伊泰鐵路投資有限責任公司). The registered capital of the company was RMB6,000,000. Its business scope includes trade and investment, and business consulting. Its domicile is No.14 South Yimei Road, Dongsheng District, Ordos City, Inner Mongolia,the PRC.

-7-

3.3 Fulfillment of undertakings by the company, and shareholders holding 5% or more shares of the Bank Applicable 3Not Applicable 3.4 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 Applicable 3Not Applicable Name of Company: Inner Mongolia Yitai Coal Co., Ltd.* Legal representative of the Company: Zhang Donghai Date: 28 April 2016 * for identification purpose only

-8-

4. APPENDICES 4.1 Financial statement Consolidated Balance Sheet 31 March 2016 Prepared by: Inner Mongolia Yitai Coal Co., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited

Items Current assets: Cash and bank balance Balances with clearing companies Placements with banks and other financial institutions Financial assets at fair value through current profit or loss Derivative financial assets Bills receivable Accounts receivable Funds paid in advance Premiums receivable Accounts receivable from reinsurers Deposits receivable from reinsurance contracts Interests receivable Dividends receivable Other receivables Purchases of resold financial assets inventories Assets classified as held-for-sale Non-current assets due with one year Other current assets Total current assets

* for identification purpose only -9-

Closing balance

Balance for the beginning of the year

7,926,262,667.41

6,748,122,461.32

327,020.00 974,877,996.05 1,521,661,529.94 947,392,964.34

1,369,573,105.33 2,445,685,422.14 708,732,973.83

686,057,884.95

285,498,929.93

1,369,143,011.25

1,085,494,225.17

2,057,595,326.58

1,091,201,255.90

15,483,318,400.52

13,734,308,373.62

Closing balance


6,608,141,545.14

6,567,703,810.04

862,895,026.71 456,504,868.96 16,360,567,268.47 26,046,401,119.22 913,325,418.86

875,817,990.85 461,846,707.21 16,602,706,275.96 24,682,098,384.87 869,152,786.39

1,277,455,985.73

1,295,051,121.90

1,757,378,285.95 1,286,190,527.72 182,992,668.03

1,759,740,613.67 1,286,811,943.35 33,526,642.40

Total non-current assets

55,751,852,714.79

54,434,456,276.64

Total assets

71,235,171,115.31

68,168,764,650.26

Items Non-current assets: Entrusted loans and advances Available-for-sale financial assets Held-to-maturity investments Long-term receivables Long-term equity investment Investment property Fixed assets Construction in progress Construction materials Liquidation of fixed assets Biological assets for production Fuel assets Intangible assets Development expenditure Goodwill Long-term deferred expenses Deferred income tax assets Other non-current assets

- 10 -

Items Current liabilities: Short term borrowings Borrowings from central bank Deposit taking and deposit in inter-bank market Placement from banks and other financial institutions Financial liabilities at fair value through current profit or loss Derivative financial liabilities Bills payable Accounts payable Funds received in advance Funds from disposal of repurchased financial assets Handling charges and commissions payable Staff remuneration payable Taxes payable Interest payable Dividend payable Other payables Reinsurance accounts payable Deposits for insurance contracts Customer deposits for securities trading Customer deposits for securities underwriting Liabilities classified as held-for-sale Non-current liabilities due within one year Other current liabilities Total current liabilities

- 11 -

Closing balance


1,999,022,000.00

1,800,864,800.00

65,600.00 130,295,914.40 1,193,724,890.74 209,440,992.21

325,150,396.75 1,191,006,045.38 184,400,489.03

92,049,090.98 942,720,976.00 341,360,317.40 710,430.00 3,904,850,821.71

209,834,431.29 1,166,358,147.83 239,289,618.59 710,430.00 3,350,254,079.32

3,240,395,504.18

3,417,885,060.58

12,054,570,937.62

11,885,819,098.77

Items Non-current liabilities: Long-term borrowings Bonds payable Including: preference shares Perpetual bonds Long-term payables Long-term salaries payable Specific payables Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities Total non-current liabilities Total liabilities

- 12 -

Closing balance


23,480,169,275.41 7,979,790,315.24

21,099,816,417.93 7,976,052,748.14

814,184,868.04

312,656,342.40

48,476,756.85 72,445,527.00 5,018,735.10

48,176,726.52 72,878,027.00 5,018,735.10

32,400,085,477.64

29,514,598,997.09

44,454,656,415.26

41,400,418,095.86

Closing balance


3,254,007,000.00

3,254,007,000.00

1,923,285,714.21

1,923,282,291.36

3,456,295.73

3,558,937.95

1,459,178,456.42

1,459,178,456.42

15,534,801,988.99

15,511,396,115.67

22,174,729,455.35 4,605,785,244.70

22,151,422,801.40 4,616,923,753.00

Total owners’ equity

26,780,514,700.05

26,768,346,554.40

Total liabilities and owners’ equity

71,235,171,115.31

68,168,764,650.26

Items Owners’ equity Share capital Other equity instruments Including: preference shares Perpetual bonds Capital reserve Less: treasury shares Other comprehensive income Special reserve Surplus reserve General risk provision Undistributed profit Total equity attributable to owners of the parent company Minority interests

Legal representative: Zhang Donghai

Person-in-charge of accounting affairs: Lv Guiliang

- 13 -

Person responsible for the accounting institute: Lv Xudong

Balance Sheet of the Parent Company 31 March 2016 Prepared by: Inner Mongolia Yitai Coal., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited

Items Current assets: Cash and bank balances Financial assets at fair value through current profit or loss Derivative financial assets Bills receivable Accounts receivable Funds paid in advance Interests receivable Dividends receivable Other receivables Inventories Assets classified as held-for-sale Non-current assets due within one year Other current assets Total current assets

- 14 -

Closing balance


5,163,094,504.92

3,396,747,399.49

327,020.00 537,624,374.75 1,022,496,685.69 633,156,503.83

693,507,031.83 1,742,051,849.84 532,774,013.33

3,247,390,966.68 1,126,581,284.42

2,631,275,498.46 777,895,489.48

1,136,348,168.61

166,548,976.44

12,867,019,508.90

9,940,800,258.87

Closing balance


6,444,026,185.04

6,444,026,185.04

10,847,846,690.30 456,504,868.96 3,440,592,347.45 1,973,661,784.16

10,857,877,039.75 461,846,707.21 3,538,218,411.15 1,932,242,733.66

430,371,410.94

441,133,391.37

704,560,805.62 1,172,786,906.85 180,000,000.00

724,014,221.96 1,185,552,053.03 30,000,000.00

Total non-current assets

25,650,350,999.32

25,614,910,743.17

Total assets

38,517,370,508.22

35,555,711,002.04

Items Non-current assets: Available-for-sale financial assets Held-to-maturity investments Long-term receivables Long-term equity investment Investment property Fixed assets Construction in progress Construction materials Disposals of fixed assets Biological assets for production Fuel assets Intangible assets Development expenditure goodwill Long-term deferred expenses Deferred income tax assets Other non-current assets

- 15 -

Items

Closing balance


Current liabilities: Short term borrowings Financial liabilities at fair value through current profit or loss Derivative financial liabilities Bills payable Accounts payable Funds received in advance Staff remuneration payable Taxes payable Interest payable Dividend payable Other payables Liabilities classified as held-for-sale Non-current liabilities due within one year Other current liabilities

78,000,000.00 1,113,221,592.26 183,291,018.06 41,964,942.15 526,160,033.32 282,507,974.91

117,818,000.00 644,264,610.24 56,372,006.79 86,149,124.05 641,409,513.42 169,527,648.52

1,076,156,577.25

978,242,536.60

302,000,000.00

204,000,000.00

Total current liabilities

3,603,302,137.95

2,897,849,039.62

8,906,000,000.00 7,979,790,315.24

6,655,000,000.00 7,976,052,748.14

17,832,742.39 3,515,000.00 5,018,735.10

17,532,712.06 3,710,000.00 5,018,735.10

Total non-current liabilities

16,912,156,792.73

14,657,314,195.30

Total liabilities

20,515,458,930.68

17,555,163,234.92

Non-current liabilities: Long-term borrowings Bonds payable Including: Preference shares Perpetual bonds Long-term payables Long-term salaries payable Specific payables Projected liabilities Deferred income Deferred income tax liabilities Other non-current liabilities

- 16 -

65,600.00

Items

Closing balance


3,254,007,000.00

3,254,007,000.00

1,476,089,268.68

1,476,089,268.68

Owners’ equity: Share capital Other equity instruments Including: Preference shares Perpetual bonds Capital reserve Less: Treasury shares Other comprehensive income Special reserve Surplus reserve Undistributed profit

3,193,844.48

3,193,844.48

1,459,178,456.42 11,809,443,007.96

1,459,178,456.42 11,808,079,197.54

Total owners’ equity

18,001,911,577.54

18,000,547,767.12

Total liabilities and owners’ equity

38,517,370,508.22

35,555,711,002.04



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Consolidated Income Statement January to March 2016 Prepared by: Inner Mongolia Yitai Coal Co., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited Amount for the period

Amount for the last period

I. Total operating revenue Of which: Revenue from operations Interest income Premiums earned Handling charges and commission income

3,848,347,335.89 3,848,347,335.89

4,362,759,226.28 4,362,759,226.28

II. Total operating cost Of which: Operating cost Interest expenses Handling charges and commission expenses Surrenders payment Net expenditure for compensation payment Net provision for insurance deposits Policy dividend expenses Reinsurance costs Business tax and surcharges Selling expenses Administrative expenses Finance costs Assets impairments loss Add: Gains from changes in fair value (loss is represented by “–”) Investment income (loss is represented by “–”) Of which: Gains from investment in associates and joint ventures Gains from foreign currency exchange (loss is represented by “–”)

3,844,733,064.62 3,013,418,601.51

4,064,621,420.01 3,112,875,501.32

93,627,294.22 248,287,442.12 242,433,694.08 246,966,032.69

119,816,332.64 261,254,405.66 391,344,095.70 179,331,084.69

Items

* for identification purpose only - 18 -

392,620.00 -1,412,288.54

96,650,718.14

-12,922,964.14

306,024.73

Items III. Profit from operations (loss is represented by “–”) Add: Non-operating income Of which: Gains from disposal of non-current assets Less: Non-operating expense Of which: Loss from from disposal of non-current assets IV. Total profit (total loss is represented by “–”) Less: Income tax expenses V.

Net profit (net loss is represented by “–”) Net profit attributable to the owners of the parent company Minority interests

- 19 -

Amount for the period


2,594,602.73 10,126,175.39

394,788,524.41 5,218,739.09

8,554,376.41 6,741,878.65

3,665,749.71 16,161,470.65

113,008.15

5,820,022.01

5,978,899.47 -201,088.40

383,845,792.85 85,925,237.06

6,179,987.87

297,920,555.79

23,405,873.32 -17,225,885.45

223,924,899.55 73,995,656.24

Items VI. Net other comprehensive income after taxes Net other comprehensive income attributable to owners of the parent company after taxes (I) Items that may not be reclassified subsequently to profit or loss 1. Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans 2. Shares of other comprehensive income of investees that may not be reclassified to profit or loss under the equity method (II) Other comprehensive income that may be subsequently reclassified to profit or loss 1. Shares of other comprehensive income of investees that may be reclassified to profit or loss under the equity method subsequently 2. Gains or losses from changes in fair value of available-for-sale financial assets 3. Gains or losses from reclassifying held-tomaturity investments to available-for-sale financial assets 4. Effective portion of cash flow adjusted for hedging gains or losses 5. Exchange differences from retranslation of financial statements 6. Others Net other comprehensive income attributable to minority interests after taxes - 20 -



-102,642.22

-99,302,137.44

-102,642.22

-99,302,137.44

-102,642.22

-99,302,137.44

-99,375,000.00

-102,642.22

72,862.56



6,077,345.65

198,618,418.35

23,303,231.10

124,622,762.11

-17,225,885.45

73,995,656.24

0.01

0.07

Items VII. Total comprehensive income Total comprehensive income attributable to the owners of the parent company Total comprehensive income attributable to minority shareholders VIII. Earning per share (I) Basic earnings per share (RMB/ share) (II) Diluted earnings per share (RMB/share)



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Income Statement of the Parent Company January to March 2016 Prepared by: Inner Mongolia Yitai Coal Co., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited

Items I. Revenue from operations Less: Operating cost Business tax and surcharges Selling expenses Administrative expenses Financial costs Asset impairments loss Add: Gains from changes in fair value (loss is represented by “–”) Investment income (loss is represented by “–”) Of which: Gains from investment in associates and joint venture



3,097,504,048.78 2,643,569,081.19 77,106,811.45 40,993,592.79 143,835,152.13 182,228,016.43

3,102,771,069.09 2,618,956,019.88 64,167,915.46 213,594,171.53 243,175,829.60 113,491,493.58

392,620.00 –2,154,569.10

97,157,951.63

–10,030,349.45

2,274,628.08

8,009,445.69 2,750,665.01

–53,456,409.33 4,295,295.68

1,484,477.64 6,553,605.37

3,034,826.30 6,492,586.66

32,574.87

182,772.53

III. Total profit (total loss is represented by “–”) Less: Income tax expenses

4,206,505.33 2,842,694.91

–55,653,700.31 30,527,298.54

IV. Net profit (net loss is represented by “–”)

1,363,810.42

–86,180,998.85

II. Profit from operations(loss is represented by “–”) Add: Non-operating income Of which: Gains from disposal of non-current assets Less: Non-operating expense Of which: Loss from disposal of non- current assets



Items V.

Net other comprehensive income after taxes (I) Other comprehensive income that may not be reclassified subsequently to profit or loss 1. Changes in net liabilities or net assets arising from the re-measurement of defined benefit plans 2. Shares of other comprehensive income of investees that may not be reclassified to profit or loss under the equity method (II) Other comprehensive income that may be subsequently reclassified to profit or loss 1. Shares of other comprehensive income of investees that may be reclassified to profit or loss under the equity method subsequently 2. Gains or losses from changes in fair value of available-for-sale financial assets 3. Gains or losses from reclassifying held-tomaturity investments to available-for-sale financial assets 4. Effective portion of cash flow adjusted for hedging gains or losses 5. Exchange differences from retranslation of financial statements 6. Others

VI. Total comprehensive income

–99,375,000.00

–99,375,000.00

–99,375,000.00

1,363,810.42 - 23 -


–185,555,998.85


Items


VII. Earnings per share: (I) Basic earnings per share (RMB/ share) (II) Diluted earnings per share (RMB/share)



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Consolidated Cash Flow Statement January to March 2016 Prepared by: Inner Mongolia Yitai Coal Co., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited Items I.

Cash flow from operating activities Cash received from sales of goods and provision of services Net increase in customer and interbank deposits Net increase in borrowings from central banks Net increase in borrowings from other financial institutions Cash received from premiums under original insurance contracts Net cash received from reinsurance business Net increase in deposits of policy holders and investment Net increase in disposal of financial assets at fair value and its changes are calculated into profit or loss in the current period Cash received from interest, fees and commissions Net increase in borrowings Net increase in capital from repurchase business Refunds of taxes Other cash received from activities related to operation Sub-total of cash inflows from operating activities Cash paid for goods purchased and service rendered Net increase in customer loans and advances Net increase in deposit in central banks and interbank deposits Cash paid for compensation payments under original insurance contract Cash paid for interest, fee and commission Cash paid for insurance policy dividend Cash paid to and on behalf of employees Taxes paid Other cash paid for activities relating to operation Sub-total of cash outflow from operating activities Net cash flows from operating activities




4,846,017,121.94

4,697,969,589.28

73,709.94 16,464,193.38

36,629,060.41

4,862,555,025.26

4,734,598,649.69

3,505,686,910.35

3,624,122,686.73

305,115,781.96 542,976,013.98 39,283,224.41

487,609,058.37 399,583,005.76 31,818,820.28

4,393,061,930.70 469,493,094.56

4,543,133,571.14 191,465,078.55

Items II.

Cash flow from investment activities Cash received from disposal of investments Cash received from gains in investments Net cash received from disposal of fixed assets, intangible assets and other long-term assets Net cash received from disposal of subsidiaries and other operating entities Other cash received relating to investment activities Sub-total of cash inflow from investment activities Cash paid for purchase of fixed assets, intangible assets and other long-term assets Cash paid for investment Net increase in pledged loans Net cash paid for acquiring subsidiaries and other operating entities Other cash paid for activities relating to operation Sub-total of cash outflow from investment activities Net cash flow from investment activities

III. Cash flow from financing activities Proceeds received from investments Of which: Proceeds received by subsidiaries from minority shareholder’s investment Cash received from borrowings Cash received from issuing bonds Other cash received relating to financing activities Sub-total of cash inflow from financing activities Cash repayments of borrowing Cash payments for dividend and profit distribution or interest repayment Of which: Dividend and profit paid by subsidiary to minority shareholders Other cash paid relating to financing activities Sub-total of cash outflow from financing activities Net cash flow from financing activities IV. Effect on cash and cash equivalents due to changes in foreign exchange rates

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5,587,439.34

2,241,522,000.00 16,823,701.31

1,451,902.77

4,965,186.61

7,039,342.11

2,263,310,887.92

782,312,841.09 190,000,000.00

2,265,689,263.63 2,265,000,000.00

972,312,841.09 -965,273,498.98

4,530,689,263.63 -2,267,378,375.71

6,090,800.00 3,299,702,000.00

2,440,000,000.00

3,305,792,800.00 397,323,265.16

2,440,000,000.00 246,711,695.28

430,232,909.60

347,372,966.93

827,556,174.76 2,478,236,625.24

594,084,662.21 1,845,915,337.79



1,982,456,220.82

–229,997,959.37

6,905,858,526.25

7,002,421,917.02

8,888,314,747.07

6,772,423,957.65

Items V.

Net increase in cash and cash equivalents Add: Balance of cash and cash equivalents at the beginning of the period

VI. Balance of cash and cash equivalents at the end of the period



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Cash Flow Statement of the Parent Company January to March 2016 Prepared by: Inner Mongolia Yitai Coal Co., Ltd.* Unit: RMB0.00 Currency: RMB Audit status: Unaudited

Items I.

Cash flow from operating activities Cash received from sales of goods and rendering service Refunds of taxes Other cash received from activities related to operation Sub-total of cash inflows from operating activities Cash paid for goods purchased and service rendered Cash paid to and on behalf of employees Taxes paid Other cash paid for activities relating to operation Sub-total of cash outflow from operating activities Net cash flows from operating activities




3,961,408,990.93 73,709.94

2,918,719,682.37

9,088,683.00

401,620,277.64

3,970,571,383.87

3,320,339,960.01

2,727,152,801.69 193,589,627.50 335,615,526.04

3,428,729,560.50 261,172,783.79 176,094,916.46

32,568,371.74

838,819,959.50

3,288,926,326.97 681,645,056.90

4,704,817,220.25 –1,384,477,260.24

Items II.

Cash flow from investment activities Cash received from disposal of investments Cash received from gains in investments Net cash received from disposal of fixed assets, intangible assets and other longterm assets Net cash received from disposal of subsidiaries and other operating entities Other cash received relating to investment activities Sub-total of cash inflows from investment activities Cash paid for purchase of fixed assets, intangible assets and other long-term assets Cash paid for investment Net cash paid for acquiring subsidiaries and other operating entities Other cash paid for activities relating to operation Sub-total of cash outflow from investment activities Net cash flow from investment activities

III. Cash flow from financing activities Proceeds received from investments Cash received from borrowings Other cash received relating to financing activities Sub-total of cash inflow from financing activities Cash repayments of borrowing Cash payments for dividend and profit distribution or interest repayment Other cash paid relating to financing activities Sub-total of cash outflow from financing activities Net cash flow from financing activities

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5,587,439.34

1,779,522,000.00 15,362,331.45

1,451,902.77

3,532,407.61

7,039,342.11

1,798,416,739.06

38,652,052.60

196,289,244.48 1,550,000,000.00

141,298,000.00 179,950,052.60 -172,910,710.49

1,746,289,244.48 52,127,494.58

2,350,000,000.00

2,350,000,000.00 1,000,000.00

1,000,000.00

88,619,006.96

47,296,527.79

89,619,006.96 2,260,380,993.04

48,296,527.79 -48,296,527.79



2,769,115,339.45

-1,380,646,293.45

3,368,659,649.29

4,331,768,710.73

6,137,774,988.74

2,951,122,417.28

Items IV. Effect on cash and cash equivalents due to changes in foreign exchange rates V.

Net increase in cash and cash equivalents Add: Balance of cash and cash equivalents at the beginning of the period

VI. Balance of cash and cash equivalents at the end of the period




4.2 Audit Report Applicable 3N/A By order of the Board Inner Mongolia Yitai Coal Co., Ltd.* Chairman Zhang Donghai

Inner Mongolia, the PRC, 28 April 2016 As at the date of this announcement, the executive directors of the Company are Mr. Zhang Donghai, Mr. Liu Chunlin, Mr. Ge Yaoyong, Mr. Zhang Dongsheng, Mr. Zhang Jingquan, Mr. Lv Guiliang and Mr. Song Zhanyou; and the independent non-executive directors of the Company are Mr. Yu Youguang, Mr. Qi Yongxing, Mr. Zhang Zhiming and Mr. Tam Kwok Ming, Banny.
