Yankuang Energy Group Company Limited

1171

CNE1000004Q8

Coal

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Apr. 18	Yankuang Energy Group Company Limited Reports Production Results for the First Quarter of 2024	CI
Mar. 30	Yankuang Energy Group Company Limited agreed to acquire 90% stake in Shandong YanconGuotuo Science & Engineering Co.Ltd from Yunding Technology Co.,Ltd. for CNY 140 million	CI

Yanzhou Coal Mining : RESULTS REPORT FOR THE THIRD QUARTER OF 2019

October 25, 2019 at 11:47 am EDT

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.

YANZHOU COAL MINING COMPANY LIMITED

(A joint stock limited company incorporated in the People's Republic of China ("PRC") with

limited liability)

(Stock Code: 01171)

RESULTS REPORT FOR THE THIRD QUARTER OF 2019

IMPORTANT NOTICE

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

The board (the "Board") of directors (the "Directors"), the supervisory committee, the Directors, the Supervisors, and the senior management of Yanzhou Coal Mining Company Limited ("Yanzhou Coal" or "the Company" or "Company") confirm that this report does not contain any misrepresentations, misleading statements or material omissions and jointly and severally accept all responsibilities for the authenticity, accuracy and completeness of the information contained in this report.

The report for the results of the third quarter of 2019 of the Company (the "Report") was considered and approved by the 28th meeting of the seventh session of the Board and all the 11 Directors of the Board who were supposed to attend the meeting were present.

The financial statements in this Report have not been audited.

"Reporting Period" means the period from 1 July 2019 to 30 September 2019.

"The Group" means the Company and its subsidiaries.

The Chairman of the Board, Mr. Li Xiyong, the Chief Financial Officer, Mr. Zhao Qingchun and the head of the Accounting Management Department, Mr. Xu Jian, hereby declare the authenticity, accuracy and completeness of the financial statements in this Report.

Summary of the unaudited results of the Group for the third quarter ended 30 September 2019 is set out as follows:

This Report is prepared in accordance with the relevant regulations on Disclosure of Information in Quarterly Reports for Listed Companies promulgated by the China Securities Regulatory Commission (the "CSRC").
All financial information contained in this Report is prepared in accordance with the relevant requirements and interpretations under the Accounting Standards for Business Enterprises promulgated by the Ministry of Finance of the PRC. Shareholders of the Company (the "Shareholders") and public investors are reminded of the different reporting standards adopted in this Report, the interim report and the annual report of the Company when trading in the shares of the Company.
Unless otherwise specified, the recording currency used in this Report is Renminbi ("RMB").
For the first three quarters of 2019, the operating income of the Group was RMB150.611 billion, representing an increase of RMB31.421 billion or 26.4% as compared with the corresponding period of last year. Net profit attributable to the shareholders of listed company was RMB6.984 billion, representing an increase of RMB1.480 billion or 26.9% as compared with the corresponding period of last year.
The content of the Report is consistent with the announcement published on the Shanghai Stock Exchange. This announcement is published simultaneously in the PRC and overseas.

1. General Information of the Group

1.1 Major Accounting Data and Financial Indicators

							Unit: RMB'000
							Increase/decrease at
							the end of the
					As at the end of the	As at the end of	Reporting Period as
					Reporting Period	previous year	compared with the
							end of previous
							year （%）
Total assets			197,572,917	203,679,900	-3.00
Net assets attributable
to the shareholders of	66,509,894	60,991,768	9.05
listed company
					From the beginning	From the beginning	Increase/decrease as
					of the year to the end	of previous year till	compared with the
					of the Reporting	the end of the	corresponding period
					Period	Reporting Period of	of previous year (%)
					(January-September)	previous year
						(January-September)
Net cash	flows	from	14,833,159	12,653,079	17.23
operating activities

Operating income	150,611,076	119,190,485	26.36
Net profit	attributable
to the shareholders of	6,983,703	5,504,014	26.88
listed company
Net profit	attributable
to the shareholders of
listed	company	after	6,648,709	5,885,151	12.97
deducting

extraordinary	profits
and losses
Weighted	average			Increased 1.20
return	on	net	assets	10.71	9.51
percentage points
(%)

Basic	earnings	per	1.4218	1.1205	26.89
share (RMB)

Diluted earnings	per	1.4218	1.1205	26.89
share (RMB)

Note: According to the related stipulations in the Accounting Standards for Business Enterprises No. 21-Lease (revised) ("the New Lease Accounting Standard") promulgated by Ministry of Finance of the People's Republic of China in December 2018, the Group started to implement the

new lease accounting standard from 1 January 2019. For details of the impact of implementation of the new lease accounting standard on the Group, please refer to the sections headed "Adjustment on the financial statements at the beginning of 2019 due to the newly-implemented accounting standards on financial instruments, income and lease" in the Appendices of this report.

Extraordinary profit and loss items and amounts

Unit: RMB'000

					Amount for the	Amount	for	the
					Reporting Period	period	from	the
	Items			(July-September)	beginning of the year
				to the end of the

						Reporting		Period
						(January-September)
Gains	and losses on	disposals of	non-current	10,283		-13,221
assets

Government grants recognized as current gains or
loss, except those grants which are closely related
to the Company's business operations and in line	12,560			63,179
with national policies and can be continuously

enjoyed according to certain standard quota or
quantities
Payment charged from non-financial companies
for use of fund and recognized as current gains or	18,430			71,718
losses
Except effective hedging businesses that relate to
the Company's ordinary operating operations,
gain or loss from fair value changes on
transactional financial assets, derivative financial
assets,	transactional	financial	liabilities and	-9,969			42,391
derivative financial liabilities, and investment

income from disposal of transactional financial
assets, derivative financial assets, transactional
financial liabilities, derivative financial liabilities
and other creditor's investment.
Refund of provision for impairment of individual	889			92,786
payables for impairment test and contract asset

Other	non-operating	income	and expenses	-49,623		195,081
excluding the abovementioned items

Effect	of the equity	of minority	shareholders	8,039		-14,581
(after tax)

Effect of income tax				6,036		-102,359
Total					-3,355		334,994
				4

1.2 Total number of Shareholders at the end of the Reporting Period, the top ten Shareholders and the top ten Shareholders holding tradable shares of the Company which are not subject to trading moratorium

Unit: share

Total number of Shareholders

70,981

Shareholdings of the top ten Shareholders

Number of

Percentage

Number

Number of pledged or

Name of Shareholders

shares held at

holding of

held

locked shares

Nature of

the end of the

the total

subject

(Full name)

Status of

Number of

Shareholders

Reporting

trading

Period

capital (%)

moratorium

Yankuang

Group

Co.,

LTD.

2,267,169,423

46.16

State-owned

("Yankuang Group")

legal person

Hong Kong Securities

Overseas legal

Clearing Company

1,948,192,403

39.66

Unknown

person

(Nominees) Limited

Hong

Kong

Securities

25,546,389

0.52

Overseas legal

Clearing Company Limited

person

Agricultural Bank of China

Co., Ltd.-Jingshun Great Wall

Shanghai-Shenzhen 300

23,104,329

0.47

Others

Index Enhanced Securities

Investment Fund

New China Life Insurance

Co., Ltd.-

21,957,897

0.45

Others

Dividend-Individual dividend-

018L-FH002 Shanghai

China Life Insurance Co.,

Ltd.- Dividend-Individual

21,341,502

0.43

Others

dividend-005L-FH002

Shanghai

Central Huijin Assets

19,355,100

0.39

State-owned

Management Co., Ltd.

legal person

Abu

Dhabi

Investment

18,853,182

0.38

Others

Authority

New China Life Insurance

Co., Ltd.-

13,893,607

0.28

Others

Dividend-Group dividend-

018L-FH001Shanghai

National Social Security Fund

12,884,351

0.26

Others

403 Combination

Top ten Shareholders holding tradable shares not subject to trading moratorium

Name of Shareholders

Number of tradable

Class and number of shares held

					shares held not subject to
					trading moratorium at	Class of		Number of shares
					the end of the	shares

					Reporting Period
Yankuang Group Co., LTD			2,267,169,423	A Shares		2,267,169,423
Hong Kong Securities Clearing Company	1,948,192,403	H Shares		1,948,192,403
(Nominees) Limited

Hong Kong Securities Clearing Company	25,546,389	A Shares		25,546,389
Limited

Agricultural Bank of China Co.,
Ltd.-Jingshun Great Wall
Shanghai-Shenzhen 300			23,104,329	A Shares		23,104,329
Index Enhanced Securities
Investment Fund
New China Life Insurance Co., Ltd.-
Dividend-Individual dividend-			21,957,897	A Shares		21,957,897
018L-FH002 Shanghai
China	Life	Insurance	Co.,	Ltd.-
Dividend-Individual			21,341,502	A Shares		21,341,502
dividend-005L-FH002 Shanghai
Central	Huijin	Assets Management	Co.,	19,355,100	A Shares		19,355,100
Ltd.

Abu Dhabi Investment Authority		18,853,182	A Shares		18,853,182
New China Life Insurance Co., Ltd.-
Dividend-Group dividend-			13,893,607	A Shares		13,893,607
018L-FH001Shanghai
National	Social Security	Fund	403	12,884,351	A Shares		12,884,351
Combination

					As at 30 September 2019, the subsidiary of Yankuang Group incorporated in
					Hong Kong held 375,000,000 H shares through Hong Kong Securities Clearing
					Company (Nominees)	Limited. New	China Life Insurance Co.,
Connected relationship or concerted-party	Ltd.-Dividend-Individualdividend-018LFH002 Shanghai and New China Life
Insurance Co., Ltd.-Dividend- Group dividend-018L-FH001Shanghai are both
relationship among the above Shareholders	managed by New China Life Insurance Co., Ltd.. Apart from the disclosure

					above, it is unknown whether other shareholders are connected with one another
					or whether any of these shareholders fall within the meaning of parties acting in
					concert.
Illustration of preferred shareholders with
recovered voting rights and the number of	Not applicable.
shares held by them
	Notes:

1. All the information above, including "Total number of Shareholders" and "The top ten Shareholders and the top ten Shareholders holding tradable shares of the Company which are not subject to trading moratorium at the end of the Reporting Period", is prepared in accordance with

the registers of the Shareholders provided by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd. and Hong Kong Securities Registration Co., Ltd.

As the clearing and settlement agent for the Company's H shares, Hong Kong Securities Clearing Company (Nominees) Limited holds the Company's H shares in the capacity of a nominee.
As at 30 September 2019, Yankuang Group held a total of 2,267,169,423 A shares of the Company, including 1,875,662,151 A shares held by its own account, and 391,507,272 A shares held by the guarantees and trust account opened by CITIC Securities Co., Ltd. and itself. The aforementioned guarantees and trust account provide guarantees for the exchangeable corporate bonds issued by Yankuang Group;

Substantial Shareholders' Interests and/or Short Positions in the Shares and/or Underlying Shares of the Company

As far as the Directors are aware, save as disclosed below, as at 30 September 2019, other than the Directors, Supervisors or chief executives of the Company, there were no other persons who were substantial shareholders of the Company or had interests or short positions in the shares or underlying shares of the Company, which should (i) be disclosed pursuant to Sections 2 and 3 under Part XV of the Securities and Futures Ordinance ("SFO"); (ii) be recorded in the register to be kept pursuant to Section 336 of the SFO; or (iii) notify the Company and the Hong Kong Stock Exchange in other ways.

Name of				Number of		Percentage in	Percentage
	Class of		Nature of	the H Share	in Total Share
Substantial		Capacity	Shares Held
	Shares	Interest	Capital of the	Capital of the
Shareholders		(shares)
			Company	Company

		A Shares	Beneficial	2,267,169,423	Long	-	46.16%
		(State-ow	owner	position

Yankuang Group	ned legal	Beneficial		Short
		person	391,507,272	-	7.97%
		owner	position
		shares)

			Interest of		Long
Yankuang Group①	H Shares	controlled	374,989,000	19.21%	7.63%
			corporations		position

BNP	Paribas		Investment		Long
Investment Partners	H Shares	117,641,207	position	6.03%	2.39%
manager
SA


			Beneficial	103,964,098	Long	5.33%	2.12%
			owner	position

BlackRock, Inc.	H Shares	Interest of		Short
			controlled	104,000	0.01%	0.00%
			position
			corporations

				7

		Beneficial	8,962,000	Long	0.46%	0.18%
		owner	position

		Beneficial
		owner		Long
Cao Lei	H Shares	Interest of	36,122,000	1.85%	0.74%
position
		controlled

		corporations
		Spouse's	55,464,000	Long	2.84%	1.13%
		interests	position

		Beneficial	5,142,000	Long	0.26%	0.10%
		owner	position

		Beneficial
		owner		Long
Zhang Xiaolei	H Shares	Interest of	50,322,000	2.58%	1.02%
position
		controlled

		corporations
		Spouse's	45,084,000	Long	2.31%	0.92%
		interests	position

Note：

Yankuang Group's controlled subsidiary incorporated in Hong Kong holds such H Shares in the capacity of beneficial owner.
② The percentage figures above have been rounded off to the nearest second decimal place.
③ Information disclosed herein is based on the information available on the website of the Hong Kong Stock Exchange at www.hkexnews.hk and information provided by China Securities Depository and Clearing Corporation Limited Shanghai Branch.

1.3 Total number of Preferred Shareholders at the end of the Reporting Period, the top ten Shareholders holding preferred shares and the top ten Shareholders holding preferred shares not subject to trading moratorium

Not applicable.

2 SIGNIFICANT MATTERS

2.1General Operating Performance of the Group 2.1.1 Major operating data of main products and services

		The third quarter			First three quarters
Item				Increase/				Increase/
2019	2018		Decrease	2019		2018	Decrease

				(%)				(%)
1.Coal business（kilotonne）
Raw coal	25,423	24,877		2.19	77,908		78,243	-0.43
production

Saleable coal	22,384	22,476		-0.41	69,375		70,978	-2.26
				8

production
Sales volume of	28,705	27,185	5.59	83,992	82,689	1.58
saleable coal

2.Railway Transportation Business（kilotonne）
Transportation	4,440	4,986	-10.95	14,834	15,419	-3.79
volume

3.Coal Chemicals Business（kilotonne）
Methanol	429	439	-2.28	1,274	1,234	3.24
production

Methanol sales	454	446	1.79	1,288	1,240	3.87
volume

4. Electrical power business (10,000kWh)
Power generation	58,585	72,962	-19.70	190,674	213,870	-10.85
Electricity sold	37,525	44,964	-16.54	116,852	131,119	-10.88

Note: There are significant differences in the amounts of power generation and electricity sales volume of electrical power business in the above table, which were mainly due to the fact that the electrical power produced by the Group was to be sold externally after satisfying self-use demand.

2.1.2 Operating performance of the principal businesses of the Group by segment

1. Coal business

Coal production

During the first three quarters of 2019, the Group produced 77.91 million tonnes of raw coal, representing a decrease of 340 thousand tonnes or 0.4% as compared with the corresponding period of last year; produced saleable coal of 69.38 million tonnes, representing a decrease of 1.6 million tonnes or 2.3% as compared with the corresponding period of last year.

The following table sets out the coal production volume of the Group for the first three quarters of 2019:

					Unit: kilotonne
	The third quarter	First three quarters
Item			Increase/			Increase/
2019	2018	Decrease	2019	2018	Decrease

			(%)			(%)
I. Raw Coal	25,423	24,877	2.19	77,908	78,243	-0.43
Production

1.The Company	7,419	8,271	-10.30	23,080	24,545	-5.97
2.Shanxi Neng Hua①	447	457	-2.19	1,290	1,317	-2.05
3. Heze Neng Hua②	643	823	-21.87	1,884	2,608	-27.76
4. Ordos Neng Hua③	2,762	2,464	12.09	10,215	10,354	-1.34
5. Haosheng	1,375	661	108.02	2,563	2,532	1.22
Company④
6. Yancoal Australia⑤	11,250	10,532	6.82	34,047	32,150	5.90
7. Yancoal	1,527	1,670	-8.56	4,829	4,738	1.92
International⑥
			9

II. Saleable Coal	22,384	22,476	-0.41	69,375	70,978	-2.26
Production

1. The Company	7,419	8,271	-10.30	23,079	24,540	-5.95
2.	Shanxi Neng Hua	447	456	-1.97	1,286	1,304	-1.38
3.	Heze Neng Hua	640	821	-22.05	1,875	2,600	-27.88
4.	Ordos Neng Hua	2,762	2,463	12.14	10,205	10,342	-1.32
5.	Haosheng	1,375	661	108.02	2,564	2,532	1.26
Company

6. Yancoal Australia	8,297	8,213	1.02	26,146	25,197	3.77
7. Yancoal	1,444	1,591	-9.24	4,220	4,463	-5.44
International

Note:

"Shanxi Neng Hua" means Yanzhou Coal Shanxi Neng Hua Company Limited.
"Heze Neng Hua" means Yanmei Heze Neng Hua Company Limited. In the first three quarters of 2019, the production of raw coal and saleable coal of Heze Neng Hua were decreased as compared with the corresponding period of the previous year, which was mainly due to the fact that the production volume of raw coal and saleable coal of Zhaolou Coal Mine owned by Heze Neng Hua decreased as compared with the corresponding period of the previous year because of the operation under the new annual coal production capacity approval regulations and the complicated geological mining.
"Ordos Neng Hua" means Yanzhou Coal Ordos Neng Hua Company Limited.

"Haosheng Company" means Inner Mongolia Haosheng Coal Mining Company Limited.
⑤ "Yancoal Australia" means Yancoal Australia Limited.
⑥ "Yancoal International" means Yancoal International (Holding) Company Limited.

Coal price and sales

During the first three quarters of 2019, the Group's sales volume of saleable coal was 83.99 million tonnes, representing an increase of 1.3 million tonnes or 1.6% as compared with the corresponding period of the previous year.

The following table sets out the Group's production and sales of saleable coal by coal types for the first three quarters of 2019:

	First three quarters of 2019	First three quarters of 2018
	Production	Sales volume	Sales price	Production	Sales volume	Sales price
	（kilotonne）	（kilotonne）	（RMB/tonne）	（kilotonne）	（kilotonne）	（RMB/tonne）
1.The	23,079	23,034	652.97	24,540	24,597	588.65
Company

No.1 clean	866	876	951.36	536	546	876.23
coal

No.2 clean	7,315	7,425	892.64	6,078	6,463	823.15
coal

No.3 clean	1,937	1,970	680.69	2,023	1,964	643.58
coal

Lump coal	1,655	1,724	747.22	1,616	1,716	699.50

			10

Sub-total of	11,773	11,995	841.21	10,253	10,689	773.02
clean coal

Screened	11,306	11,039	448.43	14,287	13,908	446.96
raw coal

II. Shanxi	1,286	1,283	319.51	1,304	1,325	344.13
Neng Hua

Screened	1,286	1,283	319.51	1,304	1,325	344.13
raw coal

III. Heze	1,875	1,512	1,108.50	2,600	2,317	964.68
Neng Hua

No.2 clean	1,581	1,451	1,138.23	2,075	2,121	1,014.80
coal

Screened	294	61	394.79	525	196	421.52
raw coal

IV. Ordos	10,205	8,894	262.86	10,342	9,651	256.43
Neng Hua

Screened	10,205	8,894	262.86	10,342	9,651	256.43
raw coal

V. Haosheng	2,564	2,547	310.73	2,532	2,546	306.39
Company

Screened	2,564	2,547	310.73	2,532	2,546	306.39
raw coal

VI. Yancoal	26,146	24,897	553.60	25,197	25,028	623.97
Australia

Semi-hard	134	127	878.59	52	52	943.31
coking coal

Semi-soft	2,364	2,251	818.48	2,051	2,037	886.49
coking coal

PCI coal	1,761	1,677	864.11	1,699	1,688	889.81

Thermal	21,887	20,842	498.02	21,395	21,251	576.91
coal

VII.Yancoal	4,220	4,159	373.57	4,463	4,472	405.87
International

Thermal	4,220	4,159	373.57	4,463	4,472	405.87
coal

VIII. Traded	-	17,666	624.15	-	12,753	624.59
coal

IX. Total for	69,375	83,992	555.04	70,978	82,689	554.16
the Group

Sales cost of coal

The Group's sales cost of coal for the first three quarters of 2019 was RMB28.111 billion, representing an increase of RMB3.031 billion or 12.1% as compared with the corresponding period of the previous year.

			First three quarters
	Items	Unit			Increase/
	2019	2018	decrease

					(%)
	Total cost of sales	RMB	6,210	6,091	1.95
	million
The Company
Cost of sales per tonne	RMB/	268.17	247.01	8.57

	tonne

	Total cost of sales	RMB	281	277	1.44
	million
Shanxi Neng Hua
Cost of sales per tonne	RMB/	218.92	208.91	4.79

	tonne

	Total cost of sales	RMB	880	1,041	-15.47
	million
Heze Neng Hua
Cost of sales per tonne	RMB/	515.22	392.83	31.16

	tonne

	Total cost of sales	RMB	1,599	1,618	-1.17
	million
Ordos Neng Hua
Cost of sales per tonne	RMB/	179.75	167.66	7.21

	tonne

	Total cost of sales	RMB	756	756	0.00
Haosheng	million

Company	Cost of sales per tonne	RMB/	297.02	296.98	0.01
	tonne

	Total cost of sales	RMB	7,000	6,971	0.42
	million
Yancoal Australia
Cost of sales per tonne	RMB/	281.14	278.54	0.93

	tonne

	Total cost of sales	RMB	947	1,054	-10.15
Yancoal	million

International	Cost of sales per tonne	RMB/	227.65	235.72	-3.42
	tonne

	Total cost of sales	RMB	10,714	7,639	40.25
	million
Traded Coal
Cost of sales per tonne	RMB/	606.50	599.01	1.25

	tonne

The reason of changes in the cost of coal sales per tonne of Heze Neng Hua: due to the decrease of the sales volume of saleable coal as compared with the corresponding period of the previous year, the cost of the coal per ton increased by RMB118.80.

2. Railway transportation business

For the first three quarters of 2019, the transportation volume of the Group's Railway Assets was 14.83 million tonnes, representing a decrease of 590 thousand tonnes or 3.8% as compared with 12

the corresponding period of the previous year. As a result, the income from railway transportation services of the Company was RMB303 million for the first three quarters of 2019, representing a decrease of RMB14.828 million or 4.7% as compared with the corresponding period of the previous year. The cost of railway transportation business was RMB128 million, representing an increase of RMB7.050 million or 5.8% as compared with the corresponding period of the previous year.

3.	Coal chemicals business
The following tables set out the operation of methanol business of the Group for the first three
quarters of 2019:
		Methanol production (kilotonne)	Methanol sales volume (kilotonne)

		First three	First three	Increase/	First three	First three	Increase/
		quarters of	quarters of	decrease	quarters of	quarters of	decrease
		2019	2018	(%)	2019	2018	(%)
1.Yulin	Neng	522	551	-5.26	538	560	-3.93
Hua

2.Ordos	Neng	752	683	10.10	750	680	10.29
Hua

Note: "Yulin Neng Hua" means Yanzhou Coal Yulin Neng Hua Company Limited.

			Sales income (RMB'000)		Sales cost (RMB'000)

			First three		First three		Increase/		First three		First three		Increase/
			quarters of		quarters of		decrease		quarters of		quarters of		decrease
		2019		2018	(%)	2019	2018	(%)
1.Yulin	Neng	883,725		1,209,650	-26.94	763,810	774,459	-1.38
Hua

2.Ordos	Neng	1,204,783		1,444,301	-16.58	888,408	923,148	-3.76
Hua

4.	Electrical power business
The following tables set out the operation of the Group's electrical power business for the first
three quarters of 2019:

			Power Generation (10,000kWh)		Electricity sales volume (10,000kWh)

			First three	First three		Increase/		First three		First three		Increase/
			quarters of	quarters of		decrease		quarters of		quarters of		decrease
			2019		2018		(%)		2019		2018		(%)
1.Hua Ju Energy		60,810		66,759		-8.91		17,983		20,082		-10.45

2.Yulin Neng Hua		19,790	23,487		-15.74		1,261		1,856		-32.06

3.Heze Neng Hua		110,074		123,624		-10.96		97,608		109,181		-10.60


			Sales income (RMB'000)		Sales cost (RMB'000)

						13

	First three	First three	Increase/	First three	First three	Increase/
	quarters of	quarters of	decrease	quarters of	quarters of	decrease
	2019	2018	(%)	2019	2018	(%)
1.Hua Ju Energy	70,734	82,334	-14.09	59,600	68,981	-13.60

2.Yulin Neng Hua	2,408	3,477	-30.74	5,042	7,119	-29.18

3.Heze Neng Hua	339,141	369,020	-8.10	283,007	325,787	-13.13

Note:

1."Hua Ju Energy" means Shandong Hua Ju Energy Company Limited.

During the reporting period, the sales volume of electricity, sales revenue and sales cost of Yulin Neng Hua decreased significantly, mainly due to the decrease in external sales of electricity as compared with the corresponding period of the previous year.

Heat business

Hua Ju Energy generated heat energy of 770 thousand steam tonnes and sold 110 thousand steam tonnes for the first three quarters of 2019, realizing the sales income of RMB12.205 million, with the sales cost of RMB6.991 million.

6. Electrical and Mechanical Equipment Manufacturing Business

For the first three quarters of 2019, the Group's electrical and mechanical equipment manufacturing business realized sales income of RMB189 million, with sales cost of RMB179 million.

7. Non-coal trading business

For the first three quarters of 2019, the Group's non-coal trading business realized sales income of RMB98.497 billion, with sales cost of RMB98.146 million.

8. Equity Investment Business

For the first three quarters of 2019, the Group's equity investment business realized income RMB1.35 billion.

2.1.3 The operation of Yankuang Finance Company Limited ("Yankuang Finance Company") during the reporting period

			Unit: RMB million
	First three quarters of	First three quarters of	Increase/
	2019	2018	decrease (%)
Operating income	249	266	-6.39
Net profit	142	146	-2.74
	30 September 2019	31 December 2018	Increase/
	decrease (%)

Net assets	1,630	1,488	9.54
Total assets	18,635	23,146	-19.49

2.2 Significant movements of the accounting items and financial indicators of the Company and the reasons thereof

2.2.1 Significant movements of items in balance sheet and the reasons thereof

				30 September 2019	31 December 2018
					Percentage	(RMB	Percentage	Increase/decrease
				(RMB million)	of total	of total	（%）
				million)
					assets（%）	assets（%）
Notes receivable		3,118	1.58	4,429	2.17	-29.60
Prepayments			8,532	4.32	3,217	1.58	165.22
Inventories				7,395	3.74	5,127	2.52	44.24
Deferred	income	tax	2,825	1.43	7,280	3.57	-61.20
assets

Other non-current assets	1,486	0.75	2,272	1.12	-34.60
Notes payable		7,249	3.67	2,941	1.44	146.48
Contract liabilities		3,043	1.54	2,208	1.08	37.82
Non-current	liabilities	4,104	2.08	7,195	3.53	-42.96
due within one year

Deferred	income	tax	3,286	1.66	8,122	3.99	-59.54
liabilities

Other		non-current	1,952	0.99	427	0.21	357.14
liabilities

Special reserves		3,952	2.00	3,046	1.50	29.74

Explanations for changes of notes receivable: Notes receivable decreased by RMB1.108 billion as compared with that of the beginning of the year 2019.

Explanations for changes of prepayment: ① Ordos Neng Hua prepaid the prospecting rights of the Yingpanhao Coal Mine with the amount of RMB1.156 billion in the first three quarters of 2019. ② Haosheng Company made prepayment of RMB1.2 billion for the mining right of Shilawusu Coal Mine in the first three quarters of 2019. ③ Prepaid trade payment by Qingdao Vast Lucky International Trade Co, Ltd. ("Qingdao Vast Lucky") increased by RMB602 million as compared with that of the beginning of the year 2019. ④ Prepaid trade payment by Yankuang (Hainan) Intelligent Logistics Technology Co., Ltd. ("Intelligent Logistics") increased by RMB1.274 billion as compared with that of the beginning of the year 2019. ⑤ Prepaid equipment payment by Zhongyin Financial Leasing Co., Ltd ("Zhongyin Financial Leasing") increased by RMB578 million as compared with that of the beginning of the year 2019.

Explanations for changes of inventories: ① Inventories of Qingdao Bonded Area Zhongyan Trade Co., Ltd. ("Qingdao Zhongyan") increased by RMB733 million as compared with that of the beginning of the year 2019. ② Inventories of Yancoal International increased by RMB1.070 billion as compared with that of the beginning of the year 2019.

Explanations for changes of deferred income tax assets: At the end of the reporting period, Yancoal Australia adjusted the presentation of deferred income tax assets, and the balance of

deferred income tax assets was adjusted to reflect the difference between deferred income tax assets and deferred income tax liabilities.

Explanations for changes of other non-current assets: ① The Group's production capacity replacement funds were transferred to intangible assets, leading to the decrease of other non-current assets decreased by RMB442 million as compared with that of the beginning of the year 2019. ② The other non-current assets of Yancoal International decreased by RMB436 million as compared with that of the beginning of the year 2019.

Explanations for changes of notes payable: ① Notes payable of the Company increased by RMB839 million as compared with that of the beginning of the year 2019. ② Notes payable of Qingdao Vast Lucky increased by RMB1.927 billion as compared with that of the beginning of the year 2019. ③ Notes payable of Intelligent Logistics increased by RMB800 million as compared with that of the beginning of the year 2019.

Explanations for changes of contract liabilities: ① Trade payment in advance of Qingdao Zhongyan increased by RMB384 million as compared with that of the beginning of the year 2019.

Trade payment in advance of Shandong Zhongyin International Trade Co., Ltd increased by RMB278 million as compared with that of the beginning of the year 2019.

Explanations for changes of non-current liabilities due within one year: ① The Company repaid RMB1.949 billion for corporate bond in the first three quarters of 2019. ② The Company repaid RMB600 million for financial lease in the first three quarters of 2019.

Explanation for changes of deferred income tax liabilities: At the end of the reporting period, Yancoal Australia adjusted the presentation of deferred income tax liabilities.

Explanation for changes of other non-current liabilities: The asset-backed securities balance of Zhongyin Financial Leasing increased by RMB1.461 billion as compared with the beginning of 2019.

Explanation for changes of special reserves: The Company's special reserve accruals were greater than the number of uses.

2.2.2 Significant movements of items in income statement and the reasons thereof

	First 3 quarters	First 3 quarters	Increase/
	of 2019	of 2018
	decrease	Major reasons for those changes
	（RMB	（RMB
	(%)
	million）	million）

				① Sales income from self-produced coal sales
Operating				volume decreased by	RMB2.264	billion	as
150,611	119,190	26.36	compared with the corresponding period of last
income
			year; ②Sales income from traded coal increased

				by RMB3.061 billion	as compared	with	the
			16

corresponding

period of

last

year;

③Income

from other businesses increased by RMB31.225

billion as compared with the corresponding

period of last year.

① Traded coal sales cost increased by RMB3.075

billion as compared with the corresponding

Operating costs

129,952

95,521

36.05

period

of last

year;

②Other

businesses

cost

increased by RMB31.444 billion as compared

with the corresponding period of last year.

In the first three quarters of 2018, as part of the

Company's social insurance was included in the

Administration

3,137

4,503

-30.34

overall

management

of Jining

City, a one-off

expense

social insurance premium of RMB1.006 billion

was withdrawn, while no similar business

occurred in the first three quarters of 2019.

① Interest expense decreased by RMB337

Financial

million

compared with

the corresponding

1,952

3,267

-40.25

period of last year. ②Exchange losses decreased

expense

by RMB762 million as compared with the

corresponding period of last year.

In the first three quarters of 2019, Yancoal

Australia's income tax expenses decreased by

Income

tax

RMB1.610

billion

compared

with

the

2,154

3,523

-38.86

corresponding period of last year due to changes

expense

in deferred taxes and taxable income arising from

the acquisition of Coal & Allied Industries

Limited ("C&A").

2.2.3 Significant movements of items in cash flow statement and the reasons thereof

First 3 quarters

Increase/

of 2019

of 2018

decrease

Major reasons for those changes

（RMB million）

(%)

① Cash received from goods sales

and rendering services increased by

RMB34.97

billion

compared

with that of last year; ②Cash

Net

cash flows

received

from

other

operating-related

activities

from

operating

14,833

12,653

17.23

activities

increased by RMB1.228 billion as

compared with that of last year;

③Cash paid for purchase of goods

and

acceptance

services

increased

RMB35.085

billion

as compared with that of

last year. ④Cash paid to employees

and paid for employees decreased

by RMB758 million as compared

with that of last year.

① Cash received from investment

recovery

increased

RMB607

million as compared with that of

last year; ②Cash received from

disposal of fixed assets, intangible

assets and other long-term assets

decreased by RMB2.46 billion as

compared

with

that

last

Net

cash

flows

year;③Cash paid for purchasing of

fixed assets, intangible assets and

from

investing

-3,254

-2,481

other long-term assets increased by

activities

RMB2.495

billion

compared

with that of last year;④Cash paid

for

investment

decreased

RMB3.185

billion

compared

with that of last year; ⑤Net cash

received

from

subsidiaries

and

other

operating

units

decreased

by RMB252 million as compared

with that of last year.

① Cash received from absorbing

investments

decreased

RMB4.963

billion

compared

with that of last year; ②Cash

received

from

obtaining

loans

Net

cash

flows

decreased by RMB8.832 billion as

compared

with that

last

year;

from

financing

-19,337

-9,326

activities

③Cash paid for debt repayment

decreased

by RMB10.825 billion

as compared with that of last year;

④Cash

paid

for

other

financing-related

activities

increased by RMB6.373 billion as

compared with that of last year.

Net

increase in

cash

and

cash

-8,325

1,247

-767.60

equivalents

2.3 Progress and impact of significant events and analysis of resolutions

2.3.1 Significant litigation and arbitration events

Progress in litigation and arbitration events during the reporting period

1. Financial loan contract dispute of China Construction Bank Jining Guhuailu Branch ("CCB Jining Guhuailu Branch") suing against Yanzhou Coal

In June 2017, citing the financial loan contract dispute, CCB Jining Guhuailu Branch, as the plaintiff, sued against 8 defendants including Jining Liaoyuan Co., Ltd. ("Jining Liaoyuan") and Yanzhou Coal to Jining Intermediate People's Court ("Jining Intermediate Court"), requiring Jining Liaoyuan to repay loan principal of RMB95.8596 million and corresponding interest. Since Jining Liaoyuan pledged accounts receivables of RMB90.52 million by Yanzhou Coal (suspect of counterfeit) to CCB Jining Guhuailu Branch, CCB Jining Guhuailu Branch required the Company to make repayment within scope of the accounts receivable.

In January 2018, Jining Intermediate Court heard the case. The Company applied for judicial authentication of the seals and signatures in relevant evidences at the court. The judicial authentication verified that the seals are forged, and the signatures are authentic.

In November 2018, the Company lost the lawsuit at the first instance and the Company lodged an appeal to High People's Court of Shandong Province ("Shandong High Court").

In August 2019, Shandong High Court remanded the case to Jining Intermediate Court for trial. No ruling has been given yet.

2. Coal sales contract dispute of Yanzhou Coal suing against Shandong Changjinhao Coal Mining Co., Ltd. ("Changjinhao")

In December 2018, citing the coal sales contract dispute, the Company appealed to Jining Intermediate Court against Changjinhao, requiring Changjinhao to pay RMB56. 3893 million of goods payment and related interests, while Wang Fuen, Ji Jianyong and Wu Zhaobin shall bear joint and several liabilities.

The case was heard in Jining Intermediate Court twice in May 2019 and June 2019.

In September 2019, the Company received the first-instance judgment from Jining Intermediate Court and won the suit. Due to the fact that the judgement did not satisfy the purpose of the Company on the lawsuit, the Company lodged an appeal to Shandong High Court.

3. Sales contract dispute of Shandong Zikuang Coal Transport and Marketing Co., Ltd. ("Zikuang Transport and Marketing Company") suing against Yanzhou Coal

In May 2019, citing the sales contract dispute, Zikuang Transport and Marketing Company sued against Yanzhou Coal to Jining Intermediate Court, requiring Yanzhou Coal to repay RMB25.478 million of coal pre-payment, RMB7.042 million of interest loss, RMB0.936 million of the loss of anticipated benefits and RMB0.5 million of expense of the realization of credit, adding up to RMB33.956 million.

In October 2019, Jining Intermediate Court dismissed the claim of Zikuang Transport and Marketing Company in the first trial. Yanzhou Coal won the case.

4. Contract dispute of Xiamen Xinda Co., Ltd. ("Xiamen Xinda") suing against Shandong

Zhongyin Logistics Co. Ltd. ("Zhongyin Logistics") and Yanzhou Coal ("Case 1")

In March 2017, citing the sales contract dispute, Xiamen Xinda appealed against Zhongyin Logistics and the Company to Xiamen Intermediate People's Court ("Xiamen Intermediate Court") in three cases, legally requiring Zhongyin Logistics to return goods principal of RMB164 million and corresponding interest and requiring the Company to bear joint liability.

In June 2017, the Company appealed to the Higher People's Court of Fujian Province ("Fujian High Court") on the jurisdictional objection. Fujian High Court ruled that two of the three cases tried by the Xiamen Intermediate Court were combined into one (RMB102.5 million) was tried by Fujian High Court, and the remaining one was merged with Case 2 by Xiamen Intermediate Court.

In July 2018, the case heard by Fujian High Court was heard in the first instance. The two parties jointly applied to the court for a delay in the trial. The court agreed to suspend the trial and the court time will be notified separately. In the case of Xiamen Intermediate Court, Xiamen Intermediate Court organized the parties to participate in the pre-trialcross-examination, after the cross-examination, Xiamen Intermediate Court suspended the case.

In accordance with the investigation and verification of the Company, among the relevant evidences provided by the plaintiff, the seals of the Company and Zhongyin Logistics were forged. The third party and related persons involving the case were suspected to forge seals to carry out contract fraud. The Company has reported to public security organs and the case was placed on file.

In October 2019, Xiamen Xinda filed an application for cancellation of the lawsuit with Xiamen High Court and obtained permission.

5. Contract dispute of Xiamen Xinda suing against Zhongyin Logistics and Yanzhou Coal ("Case 2")

In June 2017, citing the sales contract dispute, Xiamen Xinda appealed against Zhongyin Logistics and the Company to Xiamen Municipal Huli District People's Court in three cases, legally requiring Zhongyin Logistics to return goods principal of RMB31.7116 million and corresponding interest and requiring the Company to bear joint liability. The Company filed a jurisdictional objection to the court. The court ruled that the three cases in the case were merged with one case in Case 1, and the total amount involved in the case was RMB91.10 million, which was tried by Xiamen Intermediate Court.

In July 2018, Xiamen Intermediate Court heard the case, and no ruling has been given yet.

In September 2019, Xiamen Xinda filed an application for cancellation of the lawsuit with Xiamen Intermediate Court and obtained permission.

2.3.2 Major related / connected transactions

1. Continuing related/connected transactions in relation to financial services

As reviewed and approved at the twenty-seventh meeting of the seventh session of the Board dated 30 August 2019, Yankuang Finance Co., Ltd. and Yankuang Group renewed the Financial Services Agreement between Yankuang Group Finance Co., Ltd and Yankuang Group Company Limited, pursuant to which Yankuang Finance Company shall provide deposit service, comprehensive credit facility service and other miscellaneous financial services to Yankuang Group from 2020 to 2022 within the annual caps of the respective services (if applicable).

The matter needs to implement the procedure to be voted at the general meeting of Shareholders.

For details, please refer to the announcement in relation to continuing related/connected transaction passed at the twenty-seventh meeting of the seventh session of the Board dated 30 August 2019, the circular of the second extraordinary general meeting of Shareholders issued on 11 October 2019, and the conference material of the second extraordinary general meeting of Shareholders issued on 24 October 2019, which were posted on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal and Shanghai Securities News and Securities Times in the PRC.

2. Related transactions of Yankuang Finance Company increasing registered capital

As discussed and approved at the twenty- seventh meeting of the seventh session of the Board of the Company held on 30 August 2019, the Company entered into the Agreement on the Capital Increase in Yankuang Group Finance Co., Ltd. with Yankuang Group and Yankuang Finance Company, and the Company and Yankuang Group increased their capital contribution of RMB1.5 billion to Yankuang Finance Company according to their respective shareholding interest, of which, the Company contributing RMB1.425 billion and Yankuang Group contributing RMB75 million.

For details, please refer to the announcement in relation to resolution passed at the twenty-seventh meeting of the seventh session of the Board dated 30 August 2019, and the announcement of the related transactions/inside information concerning the increase of registered capital of Yankuang Group Finance Co., Ltd. Such information can be found on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal and Shanghai Securities News and Securities Times in the PRC.

3. Continuing connected/related transactions in relation to diesel fuel procurement

As discussed and approved at the twenty-eighth meeting of the seventh session of the Board of the Company held on 25 October 2019, HV Operations Pty Ltd, a subsidiary of the Company, was approved to sign Diesel Fuel Supply Agreement with Glencore Petroleum Co., Ltd. Australia, a

subsidiary of Glencore Group as well as the annual caps for these transactions for the year from 2019 to 2021.

For details, please refer to the announcement in relation to the resolution passed at the twenty-eighth meeting of the seventh session of the Board dated 25 October 2019 and related continuing connected/related transaction announcement, which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

2.3.3 Other significant events

1. Termination of non-public issuance of A Shares

As considered and approved at the second extraordinary general meeting of 2017, the third class meeting of the holders of A Shares and the third class meeting of the holders of H Shares of 2017 held on 25 August 2017, the Company was authorized to implement non-public issuance of A Shares in an amount not exceeding 647 million shares (inclusive) to specific investors, with proceeds to be raised not exceeding RMB7 billion ("the Non-Public Issuance of A Shares") The net proceeds after deduction of financing expenses will be used for the purchase of 100% equity of Coal & Allied Industries Limited.

According to the regulatory requirements of regulatory authorities, taking into account of the trend of exchange rate of USD and market expectation, the twelfth meeting of the seventh session of the Board of the Company held on 24 April 2018 considered and approved that the proceeds to be raised was changed to be an amount not exceeding RMB6.35 billion.

The validity period of the resolution relating to the Non-Public Issuance of A Shares and the validity period of the authorization are both twelve months from the passing of the relevant resolutions at the aforesaid general meetings (i.e., the validity period would expire on 24 August 2018). As approved at the second extraordinary general meeting of 2018 of the Company, the second class meeting of the holders of A Shares and the second class meeting of the holders of H Shares of 2018 on 24 August 2018, it was considered and approved to extend the validity of the resolution of the Non-Public Issuance of A Shares to 24 August 2019. As approved at the second extraordinary general meeting of 2018 of the Company on 24 August 2018, the validity of the authorization to the Board to deal with matters relating to the Non-Public Issuance of A Shares was extended to 24 August 2019.

In view of the changes in the capital market conditions, financing opportunities and other factors, in order to protect the interests of the investors, through communication with parties, comprehensive consideration of various internal and external factors, as reviewed at the twenty-sixth meeting of the seventh session of the Board dated 16 August 2019, the Company was approved to terminate the Non-Public Issuance of A Shares and withdraw the application documents.

For details, please refer to the announcements dated 31 March 2017, 28 April 2017, 29 June 2017, 25 August 2017 and 15 December 2017 in relation to the non-public issuance of A Shares, respectively, the announcement in relation to "CSRC Announcement Acceptance of Application

for Non-public Issuance" dated 27 December 2017, the announcement in relation to "Announcement Receipt of CSRC Notice of the First Feedback on the Review of Administrative Permission Item" dated 9 February 2018 and related announcements dated 24 April 2018, 29 June 2018, 24 August 2018, 16 August 2019 and 18 September 2019, which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

2. Purchase of 5% shares of Yankuang Finance Company held by China Credit Trust Co., Ltd.

As reviewed and approved at the general manager work meeting held on 22 April 2019, the Company delisted and purchased 5% equity shares of Yankuang Finance Company held by China Credit Trust Co., Ltd. at the Beijing Property Rights Exchange Center at a price of RMB78 million, which was not higher than the evaluation value.

The procedures for equity transfer and business registration change completed on 7 August 2019.

3. Adjustments in the Company's departments and organizations

As reviewed and approved at the twenty-sixth meeting of the seventh session of the Board held on 16 August 2019, the Company dissolved the Research Center on the Prevention of Coal Mine Rock Burst and established the Rock Burst Prevention Office which is mainly in charge of prevention management and daily monitoring of coal burst, and performance of professional management and assessment responsibilities. The Company established the Comprehensive Ecological Restoration Office, which is mainly responsible for the construction of the ecological restoration comprehensive treatment demonstration parks, the promotion of the "Green Heart" Project in the urban areas and the construction of ecological management projects. The Company established and managed the Subsidence Remediation Development Fund, and carried out all-round strategic cooperation with relevant parties to realize the coordinated development of coal resource development and ecological civilization construction in mining areas.

For details, please refer to the announcement in relation to the resolutions passed at the twenty-sixth meeting of the seventh session of the Board dated 16 August 2019, which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

4. Established the Blue Gold Shipping Industry Investment Fund

As reviewed and approved at the general manager work meeting held on 15 July 2019, the Company, through Yancoal International, jointly established the Blue Gold Shipping Industry Investment Fund ("Blue Gold Fund") with Shandong Shipping Asset Management Co., Ltd. ("Shandong Shipping Asset Management"). The Blue Gold Fund operates in a partnership-based

business model with a total size of USD60 million. Yancoal International has invested USD50 million as a limited partner with priority, and Shandong Shipping Asset Management has invested USD10 million as a limited partner with inferiority. At present, the matter is going through the state-owned assets supervision procedures.

5. Increase of registered capital in Ordos Neng Hua and Ordos Yingpanhao Coal Company Limited ("Yingpanhao Company")

As reviewed and approved at the twenty-seventh meeting of the seventh session of the Board dated 30 August 2019, the Company increased its capital contribution to the registered capital of Ordos Neng Hua in cash in an amount of RMB2.7 billion, and Ordos Neng Hua increased its capital contribution to the registered capital of Yingpanhao Company in cash in an amount of RMB2.7 billion ("the capital increase"). After the completion of the capital increase, the registered capital of Ordos Neng Hua increased from RMB8.1 billion to RMB10.8 billion, and the registered capital of Yingpanhao Company increased from RMB300 million to RMB3 billion.

For details, please refer to the announcement in relation to the resolutions passed at the twenty-seventh meeting of the seventh session of the Board dated 30 August 2019 and the "Announcement on Capital Increase in Ordos Neng Hua and Yingpanhao Company", which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

6. Change of representative of securities affairs of the Company

As reviewed and approved at the twenty-seventh meeting of the seventh session of the Board held on 30 August 2019, the Company appointed Ms. Shang Xiaoyu as the representative of securities affairs to the Company.

For details, please refer to the announcement in relation to the resolutions passed at the twenty-seventh meeting of the seventh session of the Board and the announcement in relation to the change of representative of securities affairs of the Company dated 30 August 2019, which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

7. Distribution of 2019 interim cash dividends (special dividends)

As reviewed and approved at the twenty-seventh meeting of the seventh session of the Board held on 30 August 2019, in return for the long-term support of the Shareholders, the Board proposed to declare an interim cash dividend (special dividend) payable of RMB4.912 billion (tax inclusive), i.e., RMB10 per 10 shares (tax inclusive) for the year 2019. This dividend distribution plan will be submitted at the second extraordinary general meeting of 2019 for discussion and revision and then distributed to the Shareholders within two months upon approval (if approved).

For details, please refer to the announcement of resolutions passed at the twenty-seventh meeting of the seventh session of the Board of Directors, the Announcement of the 2019 Interim Profit Distribution Plan dated 30 August 2019, the Supplemental Announcement on the 2019 Interim Profit Distribution Plan dated 2 September 2019, the circular of the second extraordinary general meeting of 2019 dated 11 October 2019 and the meeting materials for the second extraordinary general meeting of 2019 dated 24 October 2019, which were published on the websites of the Shanghai Stock Exchange, the Hong Kong Stock Exchange, the Company's website and/or China Securities Journal, Shanghai Securities News and Securities Times in the PRC.

8. Establishment of Yankuang Intelligent Ecological Investment Development Co., Ltd. ("Yankuang Ecological Investment Company")

As reviewed and approved at the general manager work meeting held on 9 September 2019, Yankuang Ecological Investment Company was established by the Company.

Yankuang Ecological Investment Company has registered capital of RMB80 million, which is a wholly-owned subsidiary of the Company, i.e., the Company holds its 100% shares. Yankuang Ecological Investment Company is mainly engaged in the business of ecological restoration, investment and management of industrial projects, landscape greening engineering design and construction.

2.4 Unfulfilled Commitments Overdue During the Reporting Period

Not applicable.

2.5 Warning and Explanation on any Estimated Losses or Significant Changes in the Aggregate Net Profit from the Beginning of 2019 to the End of the Next Reporting Period When Compared with That of the Corresponding Period of Last Year

Not applicable.

3. BOARD OF DIRECTORS

On 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, while the independent non-executive directors of the Company are Mr. Kong Xiangguo, Mr. Cai Chang, Mr. Poon Chiu Kwok and Mr. Qi Anbang.

Yanzhou Coal Mining Company Limited

Li Xiyong

Chairman of the Board

25 October 2019

4. APPENDIX

4.1 financial statement

Consolidated Balance Sheet

30 September 2019

Prepared by: Yanzhou Coal Mining Company Limited	Unit: RMB'000	Unaudited

Items		30 September 2019	31 December 2018
Current assets:
Money funds		23,318,728		32,722,744
Clearing settlement funds		-		-
Lending to banks and other financial		-		-
institutions

Tradable financial assets		142,002		134,544
Derivative financial assets		-		-
Notes receivables		3,117,744		4,428,709
Accounts receivable		4,610,044		4,728,553
Receivable financing		-		-
Prepayments		8,532,299		3,216,896
Premium receivable		-		-
Reinsurance accounts receivable		-		-
Reserve for reinsurance contract receivable		-		-
Other receivables		1,201,977		1,006,448
Purchase of resold financial assets		-		-
Inventories		7,395,325		5,126,622
Contract assets		-		-
Held-to-sale assets		213,803		272,902
Non-current assets due within one year		1,445,314		1,555,120
Other current assets		13,627,725		12,670,558
TOTAL CURRENT ASSETS		63,604,961		65,863,096
NON-CURRENT ASSETS：
Disbursement of loans and advances		-		-
Debt investment		266,382		266,515
Other debt investments		-		-
Long-term accounts receivable		6,845,695		7,458,880
Long-term equity investments		17,370,163		16,683,930
Other equity instruments investments		5,332		5,246
Other non-current financial assets		988,653		924,149
Investment properties		621		660
Fixed assets		41,562,882		44,293,193
Construction in progress		16,432,954		13,103,580
26

Productive biological assets		-	-
Oil gas assets		-	-
Usufruct assets		429,634	-
Intangible assets		45,407,212	45,177,717
Development expenditure		-	-
Goodwill		323,875	325,634
Long-term deferred expenses		23,730	24,852
Deferred income tax assets		2,824,913	7,280,332
Other non-current assets		1,485,910	2,272,116
TOTAL NON-CURRENT ASSETS		133,967,956	137,816,804
TOTAL ASSETS		197,572,917	203,679,900
CURRENT LIABILITIES:
Short-term borrowings		7,618,637	8,184,537
Borrowings from central bank		-	-
Deposits from customers and interbank		-	-
Deposit funds		-	-
Tradable financial liabilities		62,602	1,254
Derivative financial liability		-	-
Notes payable		7,248,593	2,940,857
Accounts payable		9,065,117	10,503,095
Advances from customers		-	-
Contract liabilities		3,043,250	2,207,641
Amounts from sale of repurchased financial		-	-
assets

Deposits from customers and interbank		-	-
Funds received as agent of stock exchange		-	-
Funds received as stock underwrite		-	-
Salaries and wages payable		1,319,629	1,274,581
Taxes payable		674,870	1,350,505
Other payables		18,964,460	18,118,334
Handling charges and commissions payable		-	-
Reinsurance accounts payable		-	-
Held-to-sale liabilities		-	-
Non-current liabilities due within one year		4,104,094	7,194,915
Other current liabilities		7,048,429	7,282,212
TOTAL CURRENT LIABILITIES		59,149,681	59,057,931
NON-CURRENT LIABILITIES:
Reserve for insurance contract		-	-
Long-term borrowings		31,676,589	33,555,869
Bonds payable		14,620,284	14,498,593
Including: preferred shares		-	-
perpetual bonds		-	-
	27

Lease liabilities		361,725	-
Long-term payable		66,178	355,169
Long-term salaries and wages payable		299,284	382,713
Estimated liabilities		2,558,659	2,229,569
Deferred revenue		129,542	97,477
Deferred income tax liabilities		3,285,555	8,121,858
Other non-current liabilities		1,952,370	427,230
TOTAL NON-CURRENT LIABILITIES		54,950,186	59,668,478
TOTAL LIABILITIES		114,099,867	118,726,409
OWNERS' EQUITY（OR SHAREHOLDERS'
EQUITY）:
Paid-in capital (or share capital)		4,912,016	4,912,016
Other equity instruments		10,182,639	10,316,444
Including: preferred shares		-	-
	perpetual bonds		10,182,639	10,316,444
Capital reserves		1,132,940	1,123,920
Less: treasury stock		-	-
Other comprehensive income		-7,289,960	-7,772,900
Special reserves		3,952,010	3,046,388
Surplus reserves		6,224,400	6,224,400
Provision for general risk		-	-
Undistributed earnings		47,395,849	43,141,500
Total owners' equity（or shareholders' equity）	66,509,894	60,991,768
attributable to parent company

Minority interest		16,963,156	23,961,723
TOTAL	OWNERS' EQUITY	(OR	83,473,050	84,953,491
SHAREHOLDERS' EQUITY)

TOTAL	LIABILITIES	AND	197,572,917	203,679,900
SHAREHOLDERS' EQUITY

Legal Representative of the Company: Li Xiyong	Chief Financial Officer: Zhao Qingchun
Head of Accounting Department: Xu Jian

Balance Sheet of the Parent Company

30 September 2019

Prepared by: Yanzhou Coal Mining Company Limited	Unit: RMB'000	Unaudited
Items		As at 30 Sep 2019	As at 31 Dec 2018
CURRENT ASSETS：
Money Funds		7,393,286		17,106,509
Tradable financial assets		-		-
Derivative financial assets		-		-
Notes receivables		2,581,400		4,124,583
Accounts receivable		1,313,871		779,616
Accounts receivable financing		-		-
Prepayments		234,558		105,675
Other receivables		43,006,217		36,309,031
Inventories		662,216		578,184
Contract assets		-		-
Held-to-sale assets		-		-
Non-current assets due within one year		-		-
Other current assets		2,979,067		3,047,583
TOTAL CURRENT ASSETS		58,170,615		62,051,181
NON-CURRENT ASSETS：
Creditors' investment		-		-
Other creditors' investment		-		-
Long-term accounts receivable		-		-
Long-term equity investments		73,227,894		71,003,611
Other equity instruments investments		5,331		5,246
Other non-current financial assets		-		-
Investment real estate		-		-
Fixed assets		5,911,153		9,101,922
Construction in progress		777,597		655,119
Productive biological assets		-		-
Oil and gas assets		-		-
Usufruct assets		2,799,983		-
Intangible assets		1,255,251		1,384,277
Development expenditure		-		-
Goodwill		-		-
Long-term deferred expenses		9		14
Deferred income tax assets		1,121,635		1,193,583
Other non-current assets		117,926		117,926
TOTAL NON-CURRENT ASSETS		85,216,779		83,461,698
TOTAL ASSETS		143,387,394		145,512,879
CURRENT LIABILITIES：
Short-term borrowings		8,470,000		6,900,000
29

Tradable financial liabilities	-	-
Derivative financial liabilities	-	-
Notes payable	1,660,263	821,256
Accounts payable	2,012,598	2,603,952
Advances from customers	-	-
Liabilities of contract	683,664	749,246
Salary payable	590,643	522,785
Taxes and surcharges payable	329,402	616,130
Other payables	17,182,160	12,552,222
Liabilities classified as held for sale	-	-
Non-current liabilities due within one year	2,872,979	16,588,063
Other current liabilities	6,754,240	6,849,526
TOTAL CURRENT LIABILITIES	40,555,949	48,203,180
NON-CURRENT LIABILITIES:
Long-term borrowings	19,906,460	17,843,560
Bonds payable	11,515,917	11,506,367
Including: preferred shares	-	-
Perpetual bonds	-	-
Lease liabilities	2,892,080	-
Long-term payable	66,178	2,771,710
Long-term employee benefits payable	-	-
Accrued liabilities	-	-
Deferred income	84,334	53,415
Deferred income tax liabilities	37,568	37,547
Other non-current liabilities	-	-
TOTAL NON-CURRENT LIABILITIES	34,502,537	32,212,599
TOTAL LIABILITIES	75,058,486	80,415,779
OWNERS' EQUITY （OR SHAREHOLDERS'
EQUITY):
Share capital	4,912,016	4,912,016
Other equity instruments	10,182,639	10,316,444
Including: preferred shares	-	-
perpetual bonds	10,182,639	10,316,444
Capital reserve	1,391,452	1,391,452
Less：treasury shares	-	-
Other comprehensive income	166,720	65,289
Special reserve	2,783,797	2,295,337
Surplus reserve	6,179,290	6,179,290
Undistributed profit	42,712,994	39,937,272
TOTAL SHAREHOLDERS' EQUITY	68,328,908	65,097,100
TOTAL LIABILITIES AND OWNERS'	143,387,394	145,512,879
EQUITY

30

Legal Representative of the Company: Li Xiyong	Chief Financial Officer: Zhao Qingchu
Head of Accounting Department: Xu Jian

			Consolidated Income Statements
				From January to September 2019
Prepared by: Yanzhou Coal Mining Company Limited	Unit: RMB'000	Unaudited
				From July to	From July to			From
Items			September		September	From January to	January to
		2019		2018	September 2019	September

									2018
I. Total Operating Revenue			44,635,485		42,882,292	150,611,076	119,190,485
Including: Operating revenue		44,635,485		42,882,292	150,611,076	119,190,485
Interest income			-		-		-	-
Premium earned			-		-		-	-
Fee and commission income		-		-		-	-
II. Total Operating Costs			42,385,422		40,077,948	141,023,524	109,793,992
Including: Operating costs		38,680,373		35,157,526	129,951,504	95,521,264
Interest expenses			-		-		-	-
Fees and commission expenses		-		-		-	-
Cash surrender value			-		-		-	-
Net claim settlement expenses		-		-		-	-
Net insurance contract reserves		-		-		-	-
Policy dividend expenses		-		-		-	-
Reinsurance expenses			-		-		-	-
Taxes and surcharges			479,322		566,503	1,586,902	1,870,388
Selling expenses			1,420,782		1,663,220	4,263,218	4,574,357
Administrative expenses		1,151,918		1,346,846	3,136,539	4,502,837
Researchanddevelopmentexpenses		54,813		14,499	133,588	58,465
Financial expenses			598,214		1,329,354	1,951,773	3,266,681
Including：Interest expense		734,579		853,816	2,296,606	2,669,382
	Interest income		246,572		337,005	676,931	714,900
Add: Other income			10,751		5,762	27,178	16,289
Investment	income	("-" for		255,309		373,574	1,350,404	1,624,367
loss)

Including: Investment	income		304,403		342,958	1,298,725	1,196,482
from associates and joint ventures

Termination recognition income
frome financial assets measured at		-		-		-	-
amortized costs
Exchange earning ("-" for loss)		-		-		-	-
Net exposure	hedging	income		-		-		-	-
("-" for loss)

Gains from fair value changes ("-		127		8,258	82,076	-183,096
" for loss)

Loss from credit impairment ("- "		16,394		10,663	-81,403	-86,870
for loss)

			32

Loss from asset devaluation ("- "	-37,053	-1,821	-39,950	-6,237
for loss)

Gains on disposal of assets ("- "	10,283	-7,418	-13,221	354,341
for loss)

III. Operating profit ("-" for loss)	2,505,874	3,193,362	10,912,636	11,115,287
Add: Non-operating income	106,939	65,604	319,259	309,720
Less: Non-operating expenses	21,601	302,222	88,177	399,238
IV. Total Profit ("-" for loss)		2,591,212	2,956,744	11,143,718	11,025,769
Less: Income tax expenses	642,020	1,121,401	2,154,496	3,522,730
V. Net profit ("-" for loss)			1,949,192	1,835,343	8,989,222	7,503,039
（I）By business continuity：
Profit and loss from continuous	1,949,192	1,835,343	8,989,222	7,503,039
operation ("- " for loss)

Profit and loss from terminated	-	-	-	-
operation ("- " for loss)

（II）By ownership：
1.Attributable		to	parent	1,622,849	1,162,735	6,983,703	5,504,014
company

2.Attributable	to	holders	of
other equity instruments of the parent	152,055	152,056	451,208	455,040
company
3.Attributable	to	minority	174,288	520,552	1,554,311	1,543,985
shareholders

VI. Other	comprehensive	income	41,110	977,159	389,386	-581,005
after tax

（I）Other comprehensive income
after tax attributable to the owners of	179,497	855,893	482,944	-218,633
parent company
1.Other	comprehensive	income
not be reclassified as profit or loss	-51	-8	21,045	-126
later
○1 Changes		in remeasurement	of	-	-	-	-
defined benefit plans

○Portion of	other	comprehensive
2
income of	investees	not	to	be	-	-	-	-
reclassified as profit or loss under

quity method
○ Changes	in	fair	value	of
3
investments		in	other	equity	-51	-8	21,045	-126
instruments
○Changes in the fair value of the
4							-	-	-	-
enterprise's own credit risk

○Others							-	-	-	-
5
							33

2.Other comprehensive income to	179,548	855,901	461,899		-218,507
be reclassified as profit or loss

○Portion of	other	comprehensive
1
income of investees to be reclassified	45,451	16,464	101,367		96,121
as profit or loss under quity method
○ Changes	in	fair		value	of
2
investments	in	other		equity	-	-	-		-
instruments
○ Financial	assets	reclassified	to
3								-	-	-	-
other comprehensive income

○Provision for Impairment of Credit
4
for Investment of Other Creditor	-	-	-		-
Rights
○Cash flow hedging reserve			-359,856	-146,376	-306,447		-308,088
5
○ Exchange	differences	on
6								493,953	985,813	666,979	-6,540
translation

○others								-	-	-	-
7
（II）Other comprehensive income
after tax attributable to the minority	-138,387	121,266	-93,558		-362,372
shareholder
VII. Total comprehensive income		1,990,302	2,812,502	9,378,608		6,922,034
（I）Attributable to parent company	1,802,346	2,018,628	7,466,647		5,285,381
（II ）Attributable	to	holders	of
other equity instruments of the parent	152,055	152,056	451,208		455,040
company
（ III ） Attributable to	minority	35,901	641,818	1,460,753		1,181,613
shareholders

VIII. Earnings per share
（ I ） Basic	earnings	per	share	0.3304	0.2367	1.4218		1.1205
（RMB）

（II）Diluted	earnings		per	share	0.3304	0.2367	1.4218		1.1205
（RMB）

Legal Representative of the Company: Li Xiyong	Chief Financial Officer: Zhao Qingchun
Head of Accounting Department: Xu Jian

		Income Statements of the Parent Company
			From January to September 2019
Prepared by: Yanzhou Coal Mining Company Limited	Unit: RMB'000	Unaudited
			From July to		From July to		From January to	From January
Items		September 2019	September 2018		to September
		September 2019
							2018

I. Operating revenue		5,884,402		5,953,536		18,728,610	18,364,996
Less：Operating costs	3,260,233		3,169,829		9,788,771	9,527,376
Taxes and surcharges	286,576		271,461		919,029	948,515
Selling expenses		74,351		113,496		238,771	309,117
Administrative expenses	544,595		652,299		1,502,890	2,780,636
Research	and development	13,493		14,500			45,413	43,669
expenses

Financial expenses		680,202		1,023,553		2,284,213	2,519,220
Including：Interest expense	683,475		836,707		2,276,161	2,400,810
	Interest income	29,582		35,988		102,489	104,648
Add: Other income		1,647		3,923			4,641	7,004
Investment	income	("-" for	1,072,156		900,398		3,684,340	2,048,453
loss)

Including: Investment	income	213,269		155,444		677,393	545,788
from associates and joint ventures

Termination	recognition
income from	financial	assets	-		-			-	-
measured at amortized costs
Net exposure hedging income ("-"	-		-			-	-
for loss)

Gains from fair value changes ("- "	310		-1,113			6,978	-28,623
for loss)

Loss from credit impairment ("-	-1,923		11,434		-80,600	15,395
" for loss)

Loss from asset devaluation ("-	-		-			-	-
" for loss)

Gains on disposal of assets ("- "	-1,359		480			-2,437	247
for loss)

II. Operating profit ("-" for loss)	2,095,783		1,623,520		7,562,445	4,278,939
Add: Non-operating income	61,258		12,962		196,239	163,233
Less: Non-operating expenses	4,948		279,318			34,148	356,519
III. Total Profit ("-" for loss)	2,152,093		1,357,164		7,724,536	4,085,653
Less: Income tax expenses	410,702		482,108		1,797,028	1,197,489
IV. Net profit ("-" for loss)	1,741,391		875,056		5,927,508	2,888,164
（I）By business continuity：
1. Net profit from continuous	1,741,391		875,056		5,927,508	2,888,164
operation ("- " for loss)

			35

2. Net profit from terminated	-	-	-	-
operation ("- " for loss)

（II）By ownership：
1.Attributable		to	parent	1,589,336	723,000	5,476,300	2,433,124
company

2.Attributable	to	holders	of
other equity instruments of the	152,055	152,056	451,208	455,040
parent company
V. Other comprehensive income	45,399	16,455	101,431	95,994
after tax

(I)	Other	comprehensive
income not be reclassified as profit	-52	-9	64	-127
or loss
1. Changes in	remeasurement	-	-	-	-
of defined benefit plans

2.Portion	of		other
comprehensive income of investees	-	-	-	-
not to be reclassified as profit or

loss under equity method
3. Changes in fair value of
investments	in	other	equity	-52	-9	64	-127
instruments
4. Changes in the fair value of	-	-	-	-
the enterprise's own credit risk

5. Others						-	-	-	-
(II) Other comprehensive income	45,451	16,464	101,367	96,121
to be reclassified as profit or loss

1. Portion of other comprehensive
income	of	investees	to	be	45,451	16,464	101,367	96,121
reclassified as profit or loss under

quity method
2. Changes	in fair	value	of other	-	-	-	-
debt investment

3. Financial	assets	reclassified	to	-	-	-	-
other comprehensive income

4. Provision for Impairment of
credit for investment of other	-	-	-	-
creditor rights
5. Cash flow hedging reserve		-	-	-	-
6. Exchange differences on translation	-	-	-	-
7. Others							-	-	-	-
VI. Total comprehensive income	1,786,790	891,511	6,028,939	2,984,158
Attributable	to	parent	1,634,735	739,455	5,577,731	2,529,118
							36

company
Attributable to holders of other
equity instruments of the	parent	152,055	152,056	451,208		455,040
company
VII. Earnings per share
（I ）Basic	earnings	per	share	0.1561	0.1472	0.5378		0.4953
（RMB）

（II）Diluted	earnings	per share	0.1561	0.1472	0.5378		0.4953
（RMB）

Legal Representative of the Company: Li Xiyong	Chief Financial Officer: Zhao Qingchun
Head of Accounting Department: Xu Jian

Consolidated Cash Flow Statement

From January to September

Prepared by: Yanzhou Coal Mining Company Limited

Unit: RMB'000

Unaudited

Items

From January to

September 2019

September 2018

1.CASH

FLOW

FROM OPERATING

ACTIVITIES：

Cash received from sales of goods or

160,770,422

125,800,675

rendering of services

Net increase in customer's deposit and

deposit of interbank

Net

increase

borrowing

from the

Central Bank

Net increase in borrowing from other

financial institutions

Cash

received

from

the

original

insurance contract premium

Net

cash

received

from

the

reinsurance businesses

Net

increase

insured

savings and

investment funds

Cash received from interest, charges

and commissions

Net increase in loans from other banks and

other financial institutions

Net increase in funds in repurchase

business

Net cash received from agent in buying

and selling securities

Tax and charges refunded

460,259

468,721

Other

cash

received

relating to

11,780,930

10,553,160

operating activities

Sub-total of cash inflows

173,011,611

136,822,556

Cash

paid for

goods

and

services

130,649,361

95,564,728

purchased

Net

increase

customer

loans

and

advance

Net

increase

deposits

central

bank and interbank

Cash

paid for the indemnity

under

original insurance contract

Net increase in lendings to banks and

other financial institutions

Cash	paid for	interest,	charges	and	-	-
commissions

Cash paid for policy dividend		-	-
Cash	paid to	and	on	behalf	of	8,003,787	8,761,849
employees

Taxes and charges payments		7,523,600	7,800,729
Other cash paid relating to operating	12,001,704	12,042,171
activities

Sub-total of cash outflows from operating	158,178,452	124,169,477
	activities

NET CASH FLOW FROM OPERATING	14,833,159	12,653,079
	ACTIVITIES

2.NET	CASH	FLOW	FROM
INVESTMENT ACTIVITIES
Cash	received	from		recovery	of	1,733,450	1,126,289
investments

Cash	received	from		investments	445,618	548,534
return

Net cash received from disposal of
fixed assets, intangible assets	and other	474,661	2,934,575
long-term assets
Net cash amount received from
disposal of subsidiaries and other business	32,246	-
segments
Cash received from other investment	1,942,127	1,797,991
activities

Sub-total of cash inflows from investment	4,628,102	6,407,389
	activities

Cash	paid to acquire	fixed assets,	7,543,328	5,048,781
intangible assets and other long-term assets

Cash paid for investments			181,664	3,366,500
Net increase in pledged loans		-	-
Net	cash paid	for	acquisition	of	137,509	389,525
subsidiaries and other business units

Other cash paid relating to investment	20,000	83,473
activities

Sub-total of cash outflows from investment	7,882,501	8,888,279
	activities

NET CASH FLOW FROM					-3,254,399	-2,480,890
INVESTMENT ACTIVITIES

3. CASH FLOW FROM FINANCING
ACTIVITIES:
Cash received from investors		-	4,962,500
						39

Including:	Cash	received	from	-	-
minority shareholders of subsidiaries

	Cash received by issuing other	-	4,962,500
equity instruments

Cash received from borrowings		18,278,179	27,110,162
Other cash	received	relating to	-	989,287
financing activities

Sub-total of cash inflows from financing	18,278,179	33,061,949
	activities

Repayments of borrowings and debts	24,088,742	34,913,525
Cash paid for distribution of
dividends, profits, or cash paid for interest	5,691,587	6,013,202
expenses
Including: cash paid for distribution
of dividends or profits by subsidiaries to	465,217	1,000,579
minority shareholders
Other cash paid relating to financing	7,834,690	1,461,307
activities

Sub-total of cash outflows from financing	37,615,019	42,388,034
	activities

NET CASH FLOW FROM FINANCING	-19,336,840	-9,326,085
	ACTIVITIES

4. EFFECT OF FOREIGN EXCHANGE
RATE CHANGES ON CASH AND CASH	-566,992	400,848
EQUIVALENTS
5. NET	INCREASE ON	CASH	AND	-8,325,072	1,246,952
CASH EQUIVALENTS

Add:	Cash	and	cash	equivalents,	27,372,942	21,073,256
opening

6. Cash and cash equivalents, closing		19,047,870	22,320,208
Legal Representative of the Company: Li Xiyong	Chief Financial Officer: Zhao Qingchun
Head of Accounting Department: Xu Jian

Cash Flow Statement of the Parent Company

From January to September

Prepared by: Yanzhou Coal Mining Company Limited

Unit: RMB'000

Unaudited

The first three quarters

Items

of 2019

of 2018

(from January to

September)

1. CASH FLOW FROM OPERATING

ACTIVITIES：

Cash received from sales of goods and

20,387,891

20,726,025

rendering of services

Tax refunds

Other

cash

received

relating

1,107,474

364,254

operating activities

Sub-total of cash inflows

21,495,365

21,090,279

Cash paid for goods and services

5,325,349

5,886,506

Cash

paid

to and on

behalf

3,900,411

4,725,376

employees

Taxes payments

4,867,189

4,739,234

Other cash paid relating to operating

1,958,249

1,957,275

activities

Sub-total of cash outflows

16,051,198

17,308,391

NET CASH

FLOW

FROM

5,444,167

3,781,888

OPERATING ACTIVITIES

2. CASH FLOW FROM INVESTMENT

ACTIVITIES:

Cash

received

from

recovery

1,550,000

890,000

investments

Cash received from investment return

2,800,150

738,835

Net cash received from disposal of

fixed assets,

intangible

assets

and other

1,863

596

long-term assets

Net cash amount received from the

disposal of subsidiaries and other business

units

Other

cash

received

relating

6,608,001

1,319,908

investment activities

Sub-total of cash inflows

10,960,014

2,949,339

Cash

paid

acquire

fixed

assets,

654,451

448,498

intangible assets and other long-term assets

Cash paid for investments

3,277,865

Net cash paid for the acquisition of	-	-
subsidiaries and other business units

Other cash paid relating to investment	11,307,941	4,926,414
activities

Sub-total of cash outflows		15,240,257	5,374,912

	NET	CASH	FLOW	FROM	-4,280,243	-2,425,573
INVESTMENT ACTIVITIES

3. CASH FLOW FROM FINANCING
ACTIVITIES:
Cash received from investors		-	4,962,500

Cash received from borrowings	15,520,000	18,570,000

Cash received relating to other		4,326,420	4,408,987
financing activities

Sub-total of cash inflows from financing	19,846,420	27,941,487
		activities

Repayments of borrowings and debts	25,067,466	21,500,630

Cash paid for distribution of
dividends or profits, or cash paid for interest	2,810,777	5,221,224
expenses
Other	cash	payment	relating to	600,000	1,247,948
financing activities

Sub-total of cash outflows from financing	28,478,243	27,969,802
		activities

NET	CASH	FLOW	FROM	-8,631,823	-28,315
FINANCING ACTIVITIES

4. EFFECT OF FOREIGN EXCHANGE
RATE CHANGES ON CASH AND CASH	57,312	15,557
EQUIVALENTS
5. NET	INCREASE	ON	CASH AND	-7,410,587	1,343,557
CASH EQUIVALENTS

Add:	Cash	and	cash	equivalents,	13,653,633	10,022,236
opening

6. Cash and cash equivalents, closing	6,243,046	11,365,793

4.2 The adjustments of the relevant items of the financial statements at the beginning of the year under the new financial instrument standards, new income standards and new leasing

standards.

Consolidated Balance Sheet

						Unit: RMB'000
	Item		31 December 2018	1 January 2019	Adjusted figures
Current assets:
Money funds			32,722,744	32,722,744
Clearing settlement funds
Lending to banks and other
financial institutions
Tradable financial assets	134,544	134,544
Financial assets at FVTPL
Derivative financial assets
Notes receivable		4,428,709	4,428,709
Accounts receivable	4,728,553	4,728,553
Receivable financing
Prepayments			3,216,896	3,216,896
Premium receivable
Reinsurance		accounts
receivable
Reserve	for	reinsurance
contract receivable
Other receivables		1,006,448	1,006,448
Purchase	of	resold financial
assets
Inventories			5,126,622	5,126,622
Contract assets
Held-to-sale assets		272,902	272,902
Non-current assets due within	1,555,120	1,555,120
one year

Other current assets		12,670,558	12,670,558
TOTAL CURRENT ASSETS	65,863,096	65,863,096
NON-CURRENT ASSETS：
Disbursement	of	loans and
advances
Debt investment		266,515	266,515
Available-for-sale financial
assets
Other debt investments
Held-to-maturity
investments
				43

Long-term		accounts	7,458,880	7,458,880
receivable

Long-term		equity	16,683,930	16,683,930
investments

Other	equity	instruments	5,246	5,246
investments

Other non-current financial	924,149	924,149
assets

Investment properties		660	660
Fixed assets				44,293,193	43,948,018	-345,175
Construction in progress		13,103,580	13,103,580
Productive		biological
assets
Oil gas assets
Usufruct assets				711,173	711,173
Intangible assets		45,177,717	45,177,717
Development expenditure
Goodwill				325,634	325,634
Long-term		deferred	24,852	24,852
expenses

Deferred income tax assets	7,280,332	7,280,332
Other non-current assets		2,272,116	2,272,116
TOTAL NON-CURRENT		137,816,804	138,182,802	365,998
ASSETS

TOTAL ASSETS		203,679,900	204,045,898	365,998
CURRENT LIABILITIES:
Short-term borrowings		8,184,537	8,184,537
Borrowings	from central
bank
Deposit funds
Tradable		financial	1,254	1,254
liabilities

Financial	liabilities	at
FVTPL
Derivative		financial
liability
Notes payable				2,940,857	2,940,857
Accounts payable			10,503,095	10,503,095
Advances from customers
Amounts	from	sale	of
repurchased financial assets
Deposits from customers and
interbank
					44

Funds received as agent of
stock exchange
Funds received	as	stock
underwrite
Salaries and wages payable		1,274,581		1,274,581
Taxes payable				1,350,505		1,350,505
Other payables				18,118,334		18,118,334
Handling	charges	and
commissions payable
Reinsurance		accounts
payable
Contract liabilities			2,207,641		2,207,641
Held-to-sale liabilities
Non-current	liabilities due		7,194,915		7,314,188	119,273
within one year

Other current liabilities		7,282,212		7,282,212
TOTAL CURRENT		59,057,931		59,177,204	119,273
LIABILITIES

NON-CURRENT LIABILITIES:
Reserve	for	insurance
contract
Long-term borrowings		33,555,869		33,555,869
Bonds payable				14,498,593		14,498,593
Including: preferred shares
	perpetual bonds
Lease liability						388,311	388,311
Long-term payable			355,169		213,583	-141,586
Long-term	salaries	and		382,713		382,713
wages payable

Estimated liabilities			2,229,569		2,229,569
Deferred revenue				97,477		97,477
Deferred		income	tax		8,121,858		8,121,858
liabilities

Other non-current liabilities		427,230		427,230
TOTAL NON-CURRENT		59,668,478		59,915,203	246,725
LIABILITIES

TOTAL LIABILITIES		118,726,409		119,092,407	365,998
OWNERS' EQUITY（OR	SHAREHOLDERS' EQUITY):

Paid-in	capital	(or	share		4,912,016		4,912,016
capital)

Other equity instruments		10,316,444		10,316,444
Including: preferred shares
	perpetual bonds		10,316,444		10,316,444
						45

Capital reserves		1,123,920	1,123,920
Less: treasury stock
Other	comprehensive	-7,772,900	-7,772,900
income

Special reserves		3,046,388	3,046,388
Surplus reserves		6,224,400	6,224,400
Provision for general risk
Undistributed earnings	43,141,500	43,141,500
Total owners' equity（or
shareholders'		equity)	60,991,768	60,991,768
attributable	to	parent

company
Minority interest		23,961,723	23,961,723
TOTAL OWNERS' EQUITY
(OR SHAREHOLDERS'	84,953,491	84,953,491
EQUITY)
TOTAL LIABILITIES AND	203,679,900	204,045,898	365,998
SHAREHOLDERS' EQUITY

Description of the adjustment of each item:

The Group has implemented the Accounting Standards for Business Enterprises no. 21 - leasing (amendment) as of January 1, 2019. As required, the lessee no longer divides the lease into operating lease or financial lease, but adopts a unified accounting treatment model. For the first time, the Group will implement the cumulative impact of the new leasing standards to adjust the items related to the financial statements at the beginning of the year without adjusting the information of the comparable period.

Balance Sheet of the Parent Company

Unit: RMB'000 Unaudited

ITEMS	31 December 2018	1 January 2019	Adjusted figures
CURRENT ASSETS：

Money funds		17,106,509	17,106,509
Tradeable financial assets
Financial assets at FVTPL
Derivative financial asset
Notes receivable	4,124,583	4,124,583
Accounts receivable	779,616	779,616
Accounts	receivable
financing
Prepayments		105,675	105,675
Other receivables	36,309,031	36,309,031
Inventories		578,184	578,184
Contract assets
Held-to-sale assets
Non-current assets due
within one year
Other current assets	3,047,583	3,047,583
TOTAL	CURRENT	62,051,181	62,051,181
ASSETS

NON-CURRENT ASSETS：
Debt investment
Available-for-sale
financial assets
Other debt investment
Held-to-maturity
investment
Long-term	accounts
receivable
Long-term	debt	71,003,611	71,003,611
investments

Other equity	instruments	5,246	5,246
investments

Other	non-current
financial assets
Investment properties
Fixed assets		9,101,922	6,628,075	-2,473,847
Construction in progress	655,119	655,119
Productive	biological
assets
		47

Oil gas assets
Usufruct assets			2,473,847	2,473,847
Intangible assets		1,384,277	1,384,277
Development expenditure
Goodwill
Long-term	deferred		14	14
expenses

Deferred income tax assets		1,193,583	1,193,583
Other non-current assets		117,926	117,926
TOTAL	NON-CURRENT		83,461,698	83,461,698
ASSETS

TOTAL ASSETS			145,512,879	145,512,879
CURRENT LIABILITIES:
Short-term borrowings		6,900,000	6,900,000
Tradable	financial
liabilities
Financial liabilities at
FVTPL
Derivative	financial
liabilities
Notes payable		821,256	821,256
Accounts payable		2,603,952	2,603,952
Advances	from
customers
Contract liabilities		749,246	749,246
Salary payable		522,785	522,785
Taxes	and	surcharges		616,130	616,130
payable

Other payables		12,552,222	12,552,222
Held-to-sale liabilities
Non-current liabilities due		16,588,063	16,588,063
within one year

Other current liabilities		6,849,526	6,849,526
TOTAL		CURRENT		48,203,180	48,203,180
LIABILITIES

NON-CURRENT LIABILITIES:
Long-term borrowings		17,843,560	17,843,560
Bonds payable			11,506,367	11,506,367
Including: preferred share
	perpetual bond
Lease liability				2,687,713	2,687,713
Long-term payable		2,771,710	83,997	-2,687,713
Estimated liabilities
				48

Deferred revenue		53,415	53,415
Deferred income	tax	37,547	37,547
liabilities

Other	non-current
liabilities
TOTAL	NON-CURRENT	32,212,599	32,212,599
LIABILITIES

TOTAL LIABILITIES	80,415,779	80,415,779
OWNERS' EQUITY（OR	SHAREHOLDERS' EQUITY):

Paid-in	capital (or	share	4,912,016	4,912,016
capital)

Other equity instruments	10,316,444	10,316,444
Including: preferred shares
	perpetual bonds	10,316,444	10,316,444
Capital reserves		1,391,452	1,391,452
Less: treasury stock
Other	comprehensive	65,289	65,289
income

Special reserves		2,295,337	2,295,337
Surplus reserves		6,179,290	6,179,290
Undistributed earnings	39,937,272	39,937,272
TOTAL OWNERS' EQUITY
(OR SHAREHOLDERS'	65,097,100	65,097,100
EQUITY)
TOTAL LIABILITIES AND
OWNERS' EQUITY (OR	145,512,879	145,512,879
SHAREHOLDERS'

EQUITY)

Description of the adjustment of each item:

4.3 The explanation on the retrospective adjustment of preliminary comparative data of the implementation of new financial instrument standards and new lease standards for the first

time

For the first time, the Group will implement the cumulative impact of the new leasing standards to adjust the items related to the financial statements at the beginning of the year without adjusting the information of the comparable period.

4.4 Audit report

Not Applicable

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Yanzhou Coal Mining Co. Ltd. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 15:45:04 UTC

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Company Profile

Yankuang Energy Group Co Ltd is a China-based international comprehensive energy company engaged in coal and coal chemical industry. The Company operates in five segments. The Coal Mining segment is engaged in underground and open-cut mining, preparation and sale of coal and potash mineral exploration. The Smart Logistics segment provides railway transportation services. The Electricity and Heating Supply segment provides electricity and related heat supply services. The Equipment Manufacturing segment is engaged in the manufacture of comprehensive coal mining and excavating equipment. The Chemical Products segment is engaged in the production and sale of chemical products. The coal products mainly include thermal coal, pulverized coal injection (PCI), and coking coal. The coal chemical products mainly include methanol, ethylene glycol, acetic acid, ethyl acetate and crude liquid wax, among others. The Company distributes products in the domestic market and to overseas markets.

Sector

Coal

Calendar

2024-04-25 - Q1 2024 Earnings Release

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Income Statement Evolution

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Ratings for Yankuang Energy Group Company Limited

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

15.92 CNY

Average target price

15.2 CNY

Spread / Average Target

-4.48%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Coal

	1st Jan change	Capi.
YANKUANG ENERGY GROUP COMPANY LIMITED	+11.73%	20.93B
CHINA SHENHUA ENERGY COMPANY LIMITED	+19.44%	105B
PT BAYAN RESOURCES TBK.	-4.40%	39.12B
SHAANXI COAL INDUSTRY COMPANY LIMITED	+20.73%	33.75B
COAL INDIA LIMITED	+21.22%	33.47B
CHINA COAL ENERGY COMPANY LIMITED	+7.75%	18.67B
SHANXI LU'AN ENVIRONMENTAL ENERGY DEVELOPMENT CO., LTD.	-2.46%	8.82B
SHANXI COKING COAL ENERGY GROUP CO., LTD.	+8.91%	8.43B
HUAIBEI MINING HOLDINGS CO.,LTD.	+9.68%	6.78B
INNER MONGOLIA YITAI COAL CO.,LTD	+17.20%	5.29B

Other Coal

Yankuang Energy Group Company Limited

Equities

1171

CNE1000004Q8

Coal

Yanzhou Coal Mining : RESULTS REPORT FOR THE THIRD QUARTER OF 2019

EPS Revisions