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.

ANNOUNCEMENT ON POSITIVE PROFIT ALERT FOR THE FIRST HALF OF 2018

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The Board hereby informs the Company's shareholders and potential investors that based on preliminary estimates of the unreviewed consolidated management accounts of the Group in accordance with International Accounting Standard 34, the profit of the Group attributable to the equity holders of the Company for the six months ended 30 June 2018 is expected to range from approximately RMB3.150 billion to RMB3.500 billion (the first half of 2017: RMB2.280 billion), representing a year-on-year increase of approximately 38% to 54%.

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

This announcement is made by China Coal Energy Company Limited (the "Company" and, together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors of the Company (the "Board") hereby informs the Company's shareholders and potential investors that based on preliminary estimates of the unreviewed consolidated management accounts of the Group in accordance with International Accounting Standard 34, the profit of the Group attributable to the equity holders of the Company for the six months ended 30 June 2018 of the Group is expected to range from approximately RMB3.150 billion to RMB3.500 billion (the first half of 2017: RMB2.280 billion), representing a year-on-year increase of approximately 38% to 54%.

The Board considers that the expected increase in profit for the six months ended 30 June 2018 is due to the fact that: China maintained stable economic development as a whole together with progress being achieved and stability ensured in the first half of 2018. Implementing supply-sidestructural reform as the main theme and focusing on quality and efficiency improvement and core competitiveness enhancement, the Company has seized the opportunity and expanded its market share, furthered its reform, innovation and potential exploration, reduced leverage and strengthened cost control, scientifically arranged production and sales, so that the asset operational efficiency and management have been refined significantly.

The information in this announcement is based on preliminary estimates by the management of the Company with reference to the consolidated management accounts of the Group in accordance with International Accounting Standard 34 and has not been reviewed by certified public accountants. Detailed accurate financial statistics will be disclosed in the Company's 2018 interim results announcement for the six months ended 30 June 2018 to be published before the end of August 2018.

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

By Order of the Board

China Coal Energy Company Limited

Li Yanjiang

Chairman and Executive Director

Beijing, the PRC

20 July 2018

As at the date of this announcement, the executive directors of the Company are Li Yanjiang, Peng Yi and Niu Jianhua; the non-executive directors of the Company are Liu Zhiyong, Du Ji'an and Xiang Xujia; and the independent non-executive directors of the Company are Zhang Ke, Zhang Chengjie, and Leung Chong Shun.

* For identification purpose only

Attachments

  • Original document
  • Permalink

Disclaimer

China Coal Energy Company Limited published this content on 20 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 July 2018 09:02:02 UTC