Hongli Clean Energy Technologies Corp. reported unaudited consolidated financial results for the second quarter and six months ended December 31, 2015. Revenue of syngas was $4,520,206 for the quarter ended December 31, 2015 with sales volume of 46,832,764 cubic meters and an average selling price per cubic meter of $0.1, which revenue accounted for 84% of the total revenue, highlighting the company's transformation from a coke and coal producer to clean energy producer. Net loss for the quarter ended December 31, 2015 was $48,689,412, or $2.03 per diluted share, compared to net profit of $3,981,858, or $0.17 per diluted share, for the same period of fiscal year 2015. The decrease was mainly driven by lower sales volumes for coal and coke products and the low cost of revenue from syngas. Revenue decreased by $7,312,958 or 57.69% to $5,364,361 for the three months ended December 31, 2015. Such decrease resulted from decreases in sales of coal and coke products to steel plants, offset by increased sales of the new product, syngas. Revenue was $5,364,361 against $12,677,319 for the same period of last year. Loss from operations was $47,246,561 against income of $523,305 for the same period of last year. Loss before income taxes was $48,292,355 against income of $4,485,449 for the same period of last year.

For the six months, revenue was $11,806,599 against $26,251,155 for the same period of last year. Loss from operations was $46,327,609 against income of $1,882,688 for the same period of last year. Loss before income taxes was $46,119,885 against income of $2,422,045 for the same period of last year. Net loss was $46,981,450 against income of $1,428,601 for the same period of last year. Losses per diluted share was $1.96 against income of $0.06 for the same period of last year. Net cash provided by operating activities was $6,781,629 against outflow of $4,965,172 for the same period of last year. Payments of coal mine acquisition was $4,586,576.