Kinetic Mines and Energy Limited announced consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 1,051,457,000 compared to RMB 1,176,041,000 a year ago. The decrease in the Group's revenue was mainly attributable to the increase in the selling price of the coal product per tonne of the Group and the decrease in sales volume from 3.82 million tonnes for the year ended December 31, 2015 in tonnes to 2.72 million tonnes for the year ended December 31, 2016. Profit from operations was RMB 248,049,000 compared to RMB 63,275,000 a year ago. Profit before taxation was RMB 193,088,000 compared to loss of RMB 2,556,000 a year ago. Profit for the year was RMB 138,106,000 or 1.64 cent per basic and diluted share compared to loss of RMB 2,102,000 or 0.02 cent per basic and diluted share a year ago. The Group's net cash generated from operating activities for the year ended December 31, 2016 was RMB 264.4 million, primarily due to profit before taxation of RMB 193.1 million, adjusted for interest expenses on bank loans and other borrowings of RMB 60.4 million, depreciation of RMB 116.3 million, increase in inventories of RMB 18.7 million, increase in trade and other receivables of RMB 1.1 million and decrease in trade and other payables of RMB 50.6 million. The Group incurred capital expenditures of approximately RMB 58.6 million for the year ended December 31, 2016, which were mainly related to the purchase of machinery and equipment and maintenance of coal shafts and conveyor system of the Dafanpu Coal Mine. These capital expenditures were fully financed by internal resources, bank loans and other borrowings. EBITDA increased by 90.7% to RMB 383.7 million.