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2017 Annual Results Roadshow of Yanzhou Coal in Hong Kong Received Warm Response from Capital Market

2018-03-24 16:30:00

On the afternoon of 26 March 2018, Yanzhou Coal held the initial road show of annual results in Hong Kong, through which, Yanzhou Coal expressed the strong measures on globalization layout, industrial upgrading and high-quality development to obtain the recognition from capital market and received great response.

Li Wei reviewed the business situation for the year 2017 of Yanzhou Coal, made market analysis of the regional development in“three bases”, industrial system optimization and main products and expounded the operation target, operating strategy and measures in 2018.

According to the introduction by Li Wei, in 2017, Yanzhou Coal sold 96.80 million tons of salable coal; produced 85.62 million tons of raw coal, representing an increase of 28.3% as compared with that of 2016; realized RMB151.2 billion of operating income, representing an increase of 47.9% as compared with that of2016; realized RMB7.36 billion of net income calculated on the basis of the IFRS, representing an increase of 346.4% as compared with that of 2016. As at the end of 2017, the total assets amounted to RMB197.3 billion. Yancoal Australia, the subsidiary of Yanzhou Coal, has become the largest specialized coal producer in Australia upon the completion of acquiring 100% equity interest in Coal & Allied Industries Limited. Yanzhou Coal ranked 6th among the top10 mining companies with best market value growth in Top50 global mining companies by market value. The company realized earning per share amounting to RMB1.5 with cash dividend of RMB0.48 per share (tax inclusive), keeping the better profitability in the entire industry.

Affected by the roadshow success, on 26 March, A shares of Yanzhou Coal performed strongly under the condition of downplayed market of Shanghai Composite Index and closed up 2.33% to RMB12.73 per share; H shares closed up 5.98% to HKD9.75 per share.

Li Wei will lead the roadshow team of the company to conduct a two-week results roadshow at home and abroad to obtain continuous recognition from more investors and capital markets.