Financial Performance - The company's operating revenue for the first half of 2019 reached CNY 3,258,567.41 million, an increase of 24.17% compared to the same period last year[15]. - The net profit attributable to shareholders of the listed company was CNY 587,106.69 million, showing a slight decrease of 1.23% year-on-year[15]. - The net cash flow from operating activities increased significantly by 73.72% to CNY 1,103,398.13 million compared to the previous year[15]. - The total assets of the company at the end of the reporting period were CNY 12,185,084.42 million, reflecting a 1.10% increase from the end of the previous year[15]. - The net assets attributable to shareholders of the listed company increased by 4.30% to CNY 5,284,453.33 million[15]. - The basic earnings per share for the first half of 2019 was CNY 0.60, a slight increase of 1.69% compared to the same period last year[16]. - The weighted average return on net assets decreased by 1.50 percentage points to 11.00% compared to the previous year[16]. Operational Highlights - The company achieved a coal sales volume of 77.3 million tons in the first half of the year, representing an 18% year-on-year increase[20]. - The company obtained approved production capacity of 28 million tons per year for the Xiaobaodang No. 1 and No. 2 mines, ensuring steady release of quality capacity[20]. - The company’s trading volume at the Shaanxi Coal Trading Center reached 92.67 million tons, a 30% increase year-on-year, making it one of the largest coal spot trading markets in China[23]. - The company achieved coal production of 53.7 million tons, an increase of 990,000 tons or 1.87% year-on-year[35]. - The total sales volume of commercial coal reached 77.3 million tons, up by 1.189 million tons or 18.18% compared to the same period last year[37]. Safety and Risk Management - The company faced risks from macroeconomic fluctuations and changes in coal industry policies, which may impact its operational performance[5]. - The company has implemented a dual prevention mechanism for safety production, enhancing its safety management practices[21]. - The company is exploring the construction of a new energy ecosystem while optimizing its coal production structure[20]. - Safety production risks are acknowledged, with a focus on preemptive measures to prevent geological hazards in coal mining operations[54]. - The company has established a risk prevention system and optimized internal control systems to enhance operational management levels[32]. Environmental and Social Responsibility - The company reported no significant environmental pollution incidents during the reporting period and complied with all relevant environmental standards[82]. - The company has implemented comprehensive wastewater pollution prevention measures, achieving zero discharge of chemical oxygen demand (COD) in the first half of 2019[82]. - The company is actively promoting green mining initiatives and aims to establish a green and environmentally friendly corporate image[82]. - The poverty alleviation efforts resulted in a reduction of 64.5% in the number of impoverished households since 2014, with plans for all supported villages to be lifted out of poverty by the end of 2019[79]. - The company invested 5.06 million RMB in 10 collective economic projects in impoverished villages during the first half of the year, focusing on specialty agriculture and community factories[76]. Financial Management and Investments - The company has significant investments in subsidiaries, with major contributors to net profit including Tongchuan Mining and Binchang Mining[48]. - The company holds a 30% equity stake in Shaanxi Coal and Chemical Financial Co., with total assets of CNY 1,902,063 million[51]. - The company has a 40% equity stake in Shaanxi Coal Industry Group Huangling Jianzhuang Mining Co., with registered capital of CNY 36,100 million[51]. - The company has invested in new energy and new materials, aligning with national strategic directions for emerging industries[31]. - The company has repurchased shares, resulting in an increase in treasury stock to 2.503 billion RMB, up by 95.70% year-on-year[44]. Corporate Governance - The company did not propose any profit distribution or capital reserve increase for the reporting period[56]. - The company has fulfilled its commitments regarding competition resolution and related transactions, ensuring compliance with long-term obligations[59]. - The company confirmed that there are no major litigation or arbitration matters during the reporting period[65]. - All directors, supervisors, and senior management of the company do not hold any shares in the company[63]. - The total number of ordinary shareholders reached 52,636 by the end of the reporting period[92]. Accounting and Financial Reporting - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations for the next 12 months[139]. - The company adheres to specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition, among others[140]. - The company’s accounting period runs from January 1 to December 31 each year[142]. - The company has undergone changes in the scope of consolidation, which are detailed in the financial report[137]. - The company recognizes its share of assets and liabilities in joint operations and accounts for them according to relevant accounting standards[149].

Financial Performance - Operating revenue for the period was CNY 1,440,475.52 million, representing a year-on-year increase of 14.44%[4] - Net profit attributable to shareholders of the listed company was CNY 277,453.99 million, a decrease of 2.35% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was CNY 249,692.23 million, down 12.31% year-on-year[4] - Basic earnings per share were CNY 0.2819, a decrease of 0.77% compared to the previous year[4] - The company reported a total profit of CNY 4,329,064,751.75 for Q1 2019, down from CNY 4,972,685,851.05 in Q1 2018[23] - The total comprehensive income for Q1 2019 was CNY 3,782,101,259.54, compared to CNY 4,288,347,604.13 in Q1 2018[24] - Net profit for Q1 2019 was CNY 3,782,101,259.54, a decrease of 11.8% from CNY 4,288,347,604.13 in Q1 2018[23] - Earnings per share for Q1 2019 was CNY 0.2819, slightly down from CNY 0.2841 in Q1 2018[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,916,728.19 million, a decrease of 1.13% compared to the end of the previous year[4] - Accounts receivable decreased by 37.63% to CNY 5,924,317.66 million due to the maturity and payment of notes[9] - Total liabilities decreased from CNY 54.14 billion to CNY 49.67 billion, a reduction of approximately 8.5%[17] - Total current assets as of March 31, 2019, amounted to 31,845,622,900.81 yuan, slightly up from 31,504,517,582.10 yuan at the end of 2018[14] - The company’s long-term equity investments were valued at 10,536,236,990.49 yuan, an increase from 10,349,735,795.91 yuan at the end of 2018[14] - The company reported a decrease in current liabilities from CNY 28.68 billion to CNY 25.59 billion, a decline of approximately 10.7%[17] - Total liabilities as of Q1 2019 amounted to CNY 39,435,303,654.54, a decrease from CNY 40,697,700,218.76 in the previous year[21] - Total equity as of Q1 2019 was CNY 26,530,692,640.61, down from CNY 27,198,378,154.93 in Q1 2018[21] Cash Flow - Net cash flow from operating activities increased by 67.01% year-on-year to CNY 539,159.66 million[4] - The company reported a significant increase in cash received from operating activities, totaling 1,685,424,785.92 yuan, a 304.21% increase from 416,971,327.91 yuan in the previous year[11] - The total cash inflow from operating activities was CNY 14,935,692,574.82, compared to CNY 12,370,143,529.98 in the previous year, marking an increase of around 20.73%[28] - The total cash outflow from operating activities was CNY 9,544,095,934.84, slightly higher than CNY 9,141,847,698.26 in Q1 2018, which is an increase of about 4.41%[28] - The net cash flow from operating activities for Q1 2019 was approximately ¥5.97 billion, a significant increase from ¥1.34 billion in Q1 2018, representing a year-over-year growth of 346%[30] - Cash inflow from financing activities was recorded at ¥500 million, while cash outflow totaled approximately ¥2.59 billion, leading to a net cash flow from financing activities of approximately -¥2.59 billion[30] Shareholder Information - The number of shareholders at the end of the reporting period was 60,691[7] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., held 6,313,825,200 shares, accounting for 63.14% of total shares[8] Production and Sales - The company's coal production for Q1 2019 was 2,396.44 million tons, a decrease of 5.13% compared to 2,525.96 million tons in Q1 2018[12] - Coal sales volume increased by 8.99% to 3,383.38 million tons in Q1 2019, up from 3,104.32 million tons in the same period last year[12] - The sales revenue from coal reached 1,425,188.80 million yuan, representing a 16.84% increase from 1,219,758.51 million yuan in Q1 2018[12] Expenses - The cost of sales rose by 45.75% to 792,873.46 million yuan, compared to 544,001.14 million yuan in the previous year[12] - The gross profit for Q1 2019 was 632,315.34 million yuan, down 6.43% from 675,757.37 million yuan in Q1 2018[12] - Financial expenses for Q1 2019 were CNY 63,988,173.32, significantly higher than CNY 14,027,392.66 in Q1 2018[22] - Research and development expenses for Q1 2019 were CNY 216,747.58, compared to CNY 173,398.06 in Q1 2018, indicating a focus on innovation[22] Investment Activities - The investment income received in cash was 13,285.55 yuan, a drastic decrease of 99.88% compared to 10,703,168.87 yuan in the same period last year[11] - The investment activities generated a net cash outflow of CNY -2,143,224,879.42 in Q1 2019, compared to CNY -1,489,747,822.84 in Q1 2018, reflecting an increase in cash outflow of approximately 43.83%[29] - The company reported an investment income of CNY 174,153,570.70 in Q1 2019, a decrease from CNY 395,334,762.00 in Q1 2018, reflecting a decline of about 56.01%[27]

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 10.993 billion in 2018, representing a 5.20% increase compared to RMB 10.449 billion in 2017[3]. - Total operating revenue for 2018 was RMB 57.223 billion, an increase of 12.36% from RMB 50.927 billion in 2017[13]. - The net cash flow from operating activities reached RMB 19.758 billion, up 16.70% from RMB 16.931 billion in the previous year[13]. - Basic earnings per share for 2018 was CNY 1.10, an increase of 5.77% compared to CNY 1.04 in 2017[14]. - The net profit attributable to shareholders for Q4 2018 was CNY 2,128,714,750.01, a decrease from CNY 2,919,957,148.13 in Q3 2018[16]. - The company achieved a weighted average return on equity of 22.91% in 2018, down 3.68 percentage points from 26.59% in 2017[14]. - The company reported a cumulative online coal trading volume of 1.07 billion tons, with over 3,000 enterprise members, making it one of the largest coal spot trading markets in China[23]. - The company’s EBITDA increased to ¥23.77 billion in 2018, a 5.88% increase from ¥22.45 billion in 2017, driven by rising coal prices[167]. Revenue and Sales - The total coal sales volume for 2018 reached 143 million tons, representing a year-on-year growth of nearly 16%[20]. - The coal business generated revenue of 54.97 billion RMB, accounting for 96.07% of total revenue, while the railway transportation business contributed 0.83 billion RMB, or 1.45%[41]. - The company achieved coal production of 108.09 million tons in 2018, an increase of 7.05% year-on-year, and coal sales reached 142.93 million tons, up 15.84% year-on-year[36]. - The average selling price of coal was 372.96 RMB/ton, an increase of 0.94% year-on-year, while the unit cost of raw coal rose to 196.46 RMB/ton, an increase of 8.12% year-on-year[38]. - The company sold 10.54 million tons of self-produced coal, an increase of 797,460 tons, contributing an additional 2.883 billion RMB to revenue[43]. Costs and Expenses - Operating costs for 2018 amounted to 29.36 billion RMB, a year-on-year increase of 6.649 billion RMB, or 29.28%[41]. - The gross margin for the coal mining sector was 49.45%, a decrease of 6.81 percentage points compared to the previous year[42]. - The total cost of purchased coal was CNY 1,408,187.88 million, which accounted for 47.96% of total costs, reflecting a significant increase from the previous year[49]. - The company’s management expenses rose to CNY 5,184 million, a 20.74% increase year-on-year, primarily due to higher equipment repair costs and intangible asset amortization[52]. Investments and R&D - In 2018, the company invested 930 million yuan in technology, resulting in 156 new authorized patents and 17 provincial-level science and technology awards[22]. - The company’s R&D expenses increased by 144.03% year-on-year, reflecting a strong commitment to innovation and technology development[40]. - The company invested CNY 39,882.05 million in research and development, accounting for 0.70% of total operating revenue, with a 31% increase in R&D investment compared to 2017[53][54]. Dividends and Share Repurchases - The company plans to distribute a cash dividend of RMB 3.30 per 10 shares, totaling RMB 3.2 billion, which is 29.11% of the net profit attributable to shareholders[3]. - The total amount spent on share repurchases in 2018 was RMB 1.28 billion, accounting for 11.64% of the net profit attributable to shareholders[3]. - The total dividend payout ratio for 2018, including cash dividends and share repurchases, is 40.75% of the distributable profits[3]. - The company plans to repurchase up to 5% of its shares with a budget of 5 billion RMB, having already repurchased 157.8 million shares for a total of 1.2792 billion RMB by December 28, 2018[29]. Assets and Liabilities - The company's total assets at the end of 2018 were RMB 120.530 billion, a 14.35% increase from RMB 105.407 billion at the end of 2017[13]. - The net assets attributable to shareholders increased to RMB 50.664 billion, reflecting a 14.56% growth from RMB 44.224 billion in 2017[13]. - Total liabilities reached ¥40,697,700,218.76 from ¥26,812,308,985.31, which is an increase of approximately 51.7%[190]. - The company's equity attributable to shareholders increased to ¥50,664,412,583.03 from ¥44,224,379,042.83, showing a growth of approximately 14.5%[187]. Market and Industry Outlook - The company faces uncertainties in its 2019 operational targets due to macroeconomic fluctuations and changes in coal industry policies[5]. - The company aims to transform from a traditional coal resource producer to a clean energy supplier and industrial ecosystem operator, focusing on high-quality development[24]. - The company plans to maintain stable production and sales of self-produced coal in 2019, focusing on improving overall production efficiency and safety management[72]. Environmental and Social Responsibility - The company is committed to environmental protection and will strengthen compliance with increasingly stringent regulations while promoting green mining practices[76]. - The company has been recognized for its environmental efforts, with all major pollutants meeting the required discharge standards in 2018[108]. - The company has committed to poverty alleviation efforts, focusing on sustainable development and integrating resources into community benefits[74]. - The company allocated 3.98 million RMB for poverty alleviation efforts, helping 440 registered impoverished individuals to escape poverty[105]. Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as confirmed by the auditing firm Sigma[2]. - The company has established a comprehensive governance structure and internal control system to enhance operational efficiency and safety management[23]. - The company has maintained a good integrity status with no issues reported for the controlling shareholder[88]. - The company has not engaged in any direct or indirect reduction of its holdings in Shaanxi Coal as of the date of the commitment letter[81].

Financial Performance - Net profit attributable to shareholders increased by 9.86% to CNY 886,411.50 million for the first nine months of the year[6]. - Operating revenue for the first nine months rose by 4.38% to CNY 4,113,130.50 million compared to the same period last year[6]. - Basic earnings per share increased by 9.88% to CNY 0.89 per share[6]. - The company reported a net profit margin improvement, with net profit for the year-to-date period reaching ¥14,318,688,193.01, compared to ¥13,123,048,653.45 in the previous year[21]. - The net profit for Q3 2018 was approximately ¥4.38 billion, an increase from ¥3.97 billion in the same period last year, representing a growth of about 10.3%[23]. - The company reported a total investment income of approximately ¥1.05 billion for the first nine months of 2018, compared to ¥803.69 million in the same period last year, marking an increase of about 30.5%[23]. Assets and Liabilities - Total assets increased by 15.50% to CNY 12,174,396.77 million compared to the end of the previous year[6]. - The total number of shareholders reached 61,862 by the end of the reporting period[8]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 63.14% of the shares[8]. - The company's total assets as of September 30, 2018, amounted to ¥68,628,856,357.67, up from ¥52,867,041,632.54 at the beginning of the year, indicating a growth of 29.9%[20]. - Total liabilities increased to ¥43,383,951,338.75 from ¥26,812,308,985.31, marking a rise of 62.0%[20]. - The company reported a significant increase in expected liabilities by 476.09% to RMB 5,338,396,665.35 from RMB 926,662,497.22, primarily due to the addition of environmental remediation funds[10]. Cash Flow - Net cash flow from operating activities increased by 17.57% to CNY 1,284,669.66 million year-to-date[6]. - Operating cash flow increased by 17.57% to RMB 12,846,696,552.81 from RMB 10,926,850,278.81, reflecting improved business performance[11]. - Cash inflow from operating activities totaled ¥39,739,996,470.22, up from ¥34,718,453,093.14 in the same period last year[29]. - Cash outflow from operating activities was ¥26,893,299,917.41, compared to ¥23,791,602,814.33 in the previous year[29]. - Cash and cash equivalents increased by 46.93% to RMB 13,086,594,345.19 from RMB 8,906,791,266.64 due to increased cash flow from operating activities[10]. - Cash and cash equivalents at the end of the period reached ¥13,002,944,345.19, compared to ¥11,596,604,912.48 at the end of the previous year[30]. Operational Metrics - Total coal production reached 8,005.73 million tons, while coal sales volume was 10,201.35 million tons[11]. - Coal sales revenue amounted to RMB 3,929,624.60 million, with a gross profit of RMB 2,062,822.65 million[11]. - Total operating costs for Q3 2018 were ¥10,234,759,804.60, compared to ¥9,499,247,093.82 in Q3 2017, representing an increase of 7.8%[22]. - The total operating costs for the first nine months of 2018 were approximately ¥1.44 billion, compared to ¥287.21 million in the same period last year, indicating a significant increase of about 400%[25]. Financial Activities - Financial expenses decreased by 64.76% to RMB 73,648,057.20 from RMB 208,965,827.31, due to reduced interest expenses from lower loans[10]. - The company issued bonds, resulting in a 200.09% increase in bonds payable to RMB 2,991,739,033.72 from RMB 996,935,488.05[10]. - The company incurred financial expenses of approximately ¥4.15 million in Q3 2018, a decrease from ¥69.21 million in the same period last year, indicating a reduction of about 94%[23]. - The company received government subsidies amounting to CNY 1,040.77 million during the reporting period[7].

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 2,624,270.80 million, representing a 2.57% increase compared to CNY 2,558,595.17 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2018 was CNY 594,415.79 million, an increase of 8.61% from CNY 547,280.71 million year-on-year[20]. - The net cash flow from operating activities reached CNY 635,164.71 million, up 9.88% from CNY 578,059.03 million in the previous year[20]. - Basic earnings per share for the first half of 2018 were CNY 0.59, a 7.27% increase from CNY 0.55 in the same period last year[21]. - The weighted average return on equity decreased to 12.50%, down 2.10 percentage points from 14.60% in the previous year[21]. - The company reported a net loss of 796.56 million due to various non-operating income and expenses, including a loss of 2,663.49 million from other operating income and expenses[23]. - The company reported operating revenue of 26.24 billion RMB, an increase of 657 million RMB or 2.57% year-on-year[47]. - The net profit attributable to shareholders was 5.944 billion RMB, an increase of 471 million RMB or 8.61% year-on-year[45]. Production and Sales - The company achieved a coal production of 52.71 million tons in the first half of 2018, representing a year-on-year increase of 6.55%[27]. - The total sales volume of commodity coal reached 65.41 million tons, an increase of 2.94% compared to the same period last year[27]. - The average selling price of commercial coal was 372.75 RMB/ton, an increase of 10.25 RMB/ton or 2.83% year-on-year[44]. - The company is actively releasing high-quality production capacity of 21 million tons per year from the Xiaobaodang No. 1 and No. 2 mines and the Yuandatan mine, with trial production expected in the second half of the year[26]. - The company is focusing on enhancing production quality and efficiency through advanced equipment and information technology, aiming for a more mechanized and automated operation[27]. Financial Position - The total assets at the end of the reporting period were CNY 11,462,618.76 million, an increase of 8.75% from CNY 10,540,720.89 million at the end of the previous year[20]. - The net assets attributable to shareholders increased to CNY 4,674,194.45 million, reflecting a growth of 5.69% from CNY 4,422,437.90 million at the end of the previous year[20]. - The company's cash and cash equivalents increased by 46.77% to CNY 13,072,897,728.64, compared to CNY 8,906,791,266.64 in the previous period[49]. - The company's total liabilities included a significant increase in bonds payable, which rose by 200.01% to CNY 2,990,885,534.82 due to new bond issuance[49]. - The company's total liabilities amounted to CNY 51.42 billion, an increase from CNY 46.84 billion, reflecting a growth of approximately 9.5%[140]. Investments and Strategic Initiatives - The company is pursuing strategic investments in the renewable energy sector to complement its core coal business and facilitate its transition to a clean energy supplier[27]. - The company has become a major shareholder of Longi Green Energy and is involved in strategic decision-making[39]. - The company is actively expanding its investment portfolio, focusing on long-term equity investments in key sectors[51]. - The company invested 1.25 million RMB in poverty alleviation projects, improving the living conditions in targeted impoverished areas[42]. - The company plans to continue its poverty alleviation initiatives in the second half of 2018, focusing on timely fund allocation and promoting the construction of poverty alleviation industries[90]. Environmental and Social Responsibility - The company has established a green mining initiative, with 9 coal mines recognized as green mining units by the state[92]. - The company has implemented pollution control measures, ensuring that major pollutants meet discharge standards during the reporting period[91]. - The company has actively engaged in environmental protection, with projects like the zero-emission demonstration project in the Binchang mining area[92]. - The company has reported no major environmental pollution incidents during the reporting period, adhering to national environmental standards[91]. - The company has established commitments to avoid competition with its controlling shareholder, ensuring that any new business opportunities are first offered to the company[66]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and changes in coal industry policies, which may impact its operational performance[6]. - The company anticipates potential risks from macroeconomic fluctuations, which may impact operational goals due to changes in investment, exports, and consumption[58]. - The company faces market risks as coal price fluctuations directly affect profitability, with supply and demand dynamics influencing price trends in the second half of the year[58]. - The company is committed to enhancing production efficiency and safety measures in response to rising operational costs driven by various factors, including increased production factor prices and environmental regulations[60]. Corporate Governance and Compliance - The company has confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[170]. - The financial statements are prepared based on actual transactions and in accordance with the accounting standards, reflecting the company's financial position and operating results accurately[172]. - The company follows specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition, among others[171]. - The company has established a robust internal structure with various departments to manage its operations effectively[166]. - The company is committed to transparency and compliance with financial reporting standards, ensuring that its financial statements are complete and truthful[172].

Financial Performance - In 2017, the company achieved a net profit attributable to shareholders of 10.449 billion RMB, representing a 279.30% increase compared to the previous year[5]. - The company's operating revenue for 2017 was 50.93 billion RMB, an increase of 53.71% from 33.13 billion RMB in 2016[22]. - The net cash flow from operating activities reached 16.93 billion RMB, up 104.81% from 8.27 billion RMB in 2016[22]. - Basic earnings per share increased by 271.43% to CNY 1.04 in 2017 compared to CNY 0.28 in 2016[25]. - The weighted average return on equity rose to 26.59%, an increase of 18.24 percentage points from 8.35% in 2016[25]. - Operating revenue for Q4 2017 was CNY 1,152.34 million, with net profit attributable to shareholders at CNY 238.11 million[28]. - The net cash flow from operating activities for Q4 2017 was CNY 600.40 million[28]. - Non-recurring gains and losses amounted to CNY 1,860.16 million in 2017, compared to CNY 13,162.09 million in 2016[29]. - The company’s total liabilities at the end of the period were significantly impacted by a CNY 94.59 billion net cash outflow from financing activities, a decrease of 66.60% year-on-year[84]. - The company reported a net profit adjustment of 34,026.72 yuan due to changes in accounting policies, with no impact on the comparable period's net profit[142]. Operational Highlights - The company achieved a coal production volume of 100.97 million tons in 2017, representing a year-on-year growth of 9.69%[36]. - Total coal sales reached 123 million tons in 2017, maintaining an annual sales scale of over 100 million tons since the company went public[36]. - The company completed three technical upgrades for its "Coal Bright" O2O production service platform, registering 215 new users and facilitating transactions worth CNY 120 million by the end of 2017[37]. - The company secured approval for a total of 16 million tons/year of new capacity from the Xiaobaodang No. 1 and No. 2 mines[36]. - The company has coal geological reserves of 16.4 billion tons and recoverable reserves of 10.3 billion tons, sufficient for over 100 years of mining at current production levels[39]. - Over 92% of the company's coal production capacity is located in key national coal bases, with ongoing construction of high-quality mines expected to enhance production capacity further[39]. - The company achieved coal production of 100.97 million tons, an increase of 8.92 million tons or 9.69% year-on-year[61]. - Coal sales reached 123.38 million tons, a decrease of 1.03 million tons or 0.83% year-on-year[61]. Strategic Initiatives - The company aims to become the lowest-cost, highest-quality, and best-service clean energy supplier in China[42]. - The company is focusing on quality and efficiency improvements, transitioning from a growth phase based on scale to one emphasizing strength and quality[45]. - The company plans to leverage capital market advantages to extend the energy industry chain and deepen the integration of industry and capital[40]. - The company aims to combine production and finance by focusing on clean coal sales and investing in high-quality renewable energy assets, aligning with the national energy development strategy[50]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[66]. - The company aims to maintain coal production and sales volume and unit sales costs in 2018 at levels comparable to 2017, while enhancing operational quality through green mining practices[110]. - The company plans to accelerate the construction of the Xiaobaodang and Yuandatang mines to ensure the early release of quality production capacity[110]. Research and Development - The company has established four national-level research institutions and received 143 new patent authorizations, demonstrating a strong commitment to technological innovation[41]. - Research and development investment for the year was 304 million RMB, reflecting a year-on-year growth of 12.05%[59]. - The total capital expenditure for 2017 was 4.488 billion yuan, primarily allocated to various mining and pipeline projects, with a planned capital expenditure of 3.518 billion yuan for 2018[112]. - The total capitalized R&D investment was CNY 16,916.59 million, making up 55.56% of total R&D expenditures[81]. Environmental and Safety Practices - The company achieved a 99.9% rectification rate for identified safety hazards, enhancing its safety management capabilities[49]. - The company emphasizes the importance of safety production and environmental protection, adhering to national regulations and enhancing green mining practices[116]. - The company has established two wastewater treatment stations that are operating normally, ensuring compliance with environmental standards[176]. - The actual discharge of chemical oxygen demand (COD) from the company's facilities was 0 tons, significantly below the permitted levels[176]. - The company has received awards for its green mining initiatives, with nine coal mines recognized as green mining units[175]. - The total approved emissions for sulfur dioxide (SO2) are 46.19 tons/year, while the actual emissions for 2017 were 43.3 tons/year, representing a compliance rate of approximately 93.8%[180]. Shareholder and Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has received a standard unqualified audit report from Sigma Accounting Firm[4]. - The actual controller and shareholders have made commitments to avoid competition with the company, ensuring no direct or indirect competition from affiliated enterprises[125]. - The company has committed to repurchase shares if any false statements or omissions are found in the Shaanxi Coal Industry prospectus, with a repurchase price not lower than the issuance price plus bank interest[130]. - The company will ensure that any repurchase of shares is completed within a 6-month window following the identification of violations[130]. - The company has established a framework for fair and reasonable pricing in related transactions with its controlling shareholder[128]. Social Responsibility and Community Engagement - The company has invested 4.69 million RMB in poverty alleviation efforts, helping 602 registered poor households to achieve poverty alleviation[167]. - The company has actively participated in poverty alleviation by sending 7 teams to assist 7 impoverished villages in Shaanxi Province[167]. - The company aims to enhance farmers' income and improve education levels as part of its poverty alleviation strategy[172]. - The company has established 13 industrial development projects as part of its poverty alleviation strategy[167].

[Important Notice](index=3&type=section&id=I.%20Important%20Notice) The board, supervisory board, and senior management guarantee the accuracy and completeness of the quarterly report, which remains unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility for any misstatements or omissions[7](index=7&type=chunk) - All directors attended the board meeting to review the quarterly report[7](index=7&type=chunk) - This first quarter report is unaudited[7](index=7&type=chunk) [Company Profile](index=3&type=section&id=II.%20Company%20Profile) This section outlines the company's key financial data and shareholder information for Q1 2018, showing growth in assets and net profit, with a slight decrease in operating cash flow [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) The company's Q1 2018 financial indicators show total assets and net assets attributable to shareholders increased by 3.59% and 7.42% respectively, with operating cash flow slightly down by 2.74% Key Financial Data for Q1 2018 (Consolidated Statements) | Indicator | Current Period Amount (million yuan) | Prior Period/Year-end Amount (million yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 10,919,554.42 | 10,540,720.89 | 3.59 | | Net Assets Attributable to Parent Company Shareholders | 4,750,756.15 | 4,422,437.90 | 7.42 | | Net Cash Flow from Operating Activities | 322,829.58 | 331,923.32 | -2.74 | | Operating Revenue | 1,258,743.07 | 1,227,393.35 | 2.55 | | Net Profit Attributable to Parent Company Shareholders | 284,141.69 | 267,378.49 | 6.27 | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-recurring Gains/Losses) | 284,760.23 | 266,790.08 | 6.74 | | Weighted Average Return on Net Assets (%) | 6.20 | 7.45 | Decreased by 1.25 percentage points | | Basic Earnings Per Share (yuan/share) | 0.28 | 0.27 | 3.70 | Non-recurring Gains and Losses for Q1 2018 | Item | Amount (million yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -0.01 | | Government Subsidies Included in Current Profit/Loss | 5.33 | | Other Non-operating Income and Expenses | -11.00 | | Impact on Minority Interests (After Tax) | 0.29 | | Income Tax Impact | -0.80 | | **Total** | **-6.19** | [Total Shareholders, Top Ten Shareholders, and Top Ten Unrestricted Shareholders at Report End](index=4&type=section&id=2.2%20Total%20Shareholders,%20Top%20Ten%20Shareholders,%20and%20Top%20Ten%20Unrestricted%20Shareholders%20at%20Report%20End) As of the report end, the company had 73,212 shareholders, with Shaanxi Coal and Chemical Industry Group Co., Ltd. as the largest shareholder at 63.14% - As of the end of the reporting period, the total number of shareholders was **73,212**[9](index=9&type=chunk) Top Ten Shareholders (as of Report End) | Shareholder Name (Full Name) | Shares Held at Period End (shares) | Proportion (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Shaanxi Coal and Chemical Industry Group Co., Ltd. | 6,313,825,200 | 63.14 | State-owned Legal Person | | China Three Gorges Capital Holdings Co., Ltd. | 492,999,971 | 4.93 | State-owned Legal Person | | Mianyang Science and Technology City Industrial Investment Fund (Limited Partnership) | 296,601,100 | 2.97 | Other | | Huaneng International Power Development Corporation | 262,791,403 | 2.63 | State-owned Legal Person | | Shaanxi Non-ferrous Metals Holding Group Co., Ltd. | 256,739,091 | 2.57 | State-owned Legal Person | - The shareholding of the top ten unrestricted shareholders is consistent with that of the top ten shareholders, indicating that the major shareholders' holdings are all tradable shares[10](index=10&type=chunk) [Significant Events](index=6&type=section&id=III.%20Significant%20Events) This chapter details significant changes in key financial statement items and operating data for Q1 2018, including increases in prepayments and available-for-sale financial assets, and decreases in selling and financial expenses [Significant Changes and Reasons for Key Financial Statement Items and Indicators](index=6&type=section&id=3.1%20Significant%20Changes%20and%20Reasons%20for%20Key%20Financial%20Statement%20Items%20and%20Indicators) Significant changes in Q1 2018 include increased prepayments and available-for-sale financial assets, decreased selling and financial expenses, and increased cash payments for purchases and taxes Changes and Reasons for Consolidated Balance Sheet Items | Consolidated Balance Sheet Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Prepayments | 55.41 | Increase in prepayments for equipment purchases | | Available-for-sale financial assets | 39.75 | Increase in investment in LONGi Green Energy Technology Co., Ltd | | Special reserves | 39.29 | Increase in period-end special reserve balance | Changes and Reasons for Consolidated Income Statement Items | Consolidated Income Statement Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Selling expenses | -51.04 | Decrease in sales volume under the "one-ticket system" in Binchang mining area and reduced railway transport volume in Northern Shaanxi mining area year-on-year | | Financial expenses | -83.20 | Decrease in interest-bearing debt year-on-year, leading to lower interest expenses compared to the prior year | | Asset impairment losses | -57.62 | Decrease in bad debt losses on accounts receivable compared to the prior year | | Income tax expense | 36.45 | Increase in current income tax expense compared to the prior year | Changes and Reasons for Consolidated Cash Flow Statement Items | Consolidated Cash Flow Statement Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Cash paid for goods and services | 53.57 | Increase in purchases and corresponding payments for goods | | Cash paid for taxes | 64.12 | Increase in corporate income tax paid compared to the prior year | | Cash paid for acquisition of fixed, intangible, and other long-term assets | 52.34 | Increase in long-term asset investments | | Cash paid for investments | 100.00 | Increase in investment in LONGi Green Energy Technology Co., Ltd | | Cash received from borrowings | -68.75 | Decrease in new borrowings compared to the prior year | | Cash paid for debt repayment | -90.59 | Decrease in debt repayments compared to the prior year | | Cash paid for dividends, profit distribution, or interest payments | 41.01 | Dividend distribution by the company's Zhangjiamao Mining subsidiary | [Analysis of Progress, Impact, and Solutions for Significant Events](index=7&type=section&id=3.2%20Analysis%20of%20Progress,%20Impact,%20and%20Solutions%20for%20Significant%20Events) The company has no significant events requiring disclosure of progress, impact, or solutions during the reporting period - There were no significant events requiring analysis of their progress, impact, or solutions during the reporting period[13](index=13&type=chunk) [Unfulfilled Commitments Overdue in the Reporting Period](index=7&type=section&id=3.3%20Unfulfilled%20Commitments%20Overdue%20in%20the%20Reporting%20Period) The company had no overdue unfulfilled commitments during the reporting period - There were no overdue unfulfilled commitments during the reporting period[13](index=13&type=chunk) [Warning and Explanation of Potential Cumulative Net Profit Loss or Significant Change from Prior Year-end to Next Reporting Period End](index=7&type=section&id=3.4%20Warning%20and%20Explanation%20of%20Potential%20Cumulative%20Net%20Profit%20Loss%20or%20Significant%20Change%20from%20Prior%20Year-end%20to%20Next%20Reporting%20Period%20End) The company has not issued any warnings or explanations regarding potential cumulative net profit loss or significant changes for the period from year-start to the next reporting period end - The company has not issued any warnings or explanations regarding potential cumulative net profit loss or significant changes from the beginning of the year to the end of the next reporting period[13](index=13&type=chunk) [Operating Data for January-March 2018](index=7&type=section&id=3.5%20Operating%20Data%20for%20January-March%202018) From January to March 2018, the company's coal production and sales volumes increased by 5.19% and 3.48% respectively, with coal sales revenue growing by 3.74% Key Operating Data for January-March 2018 | Indicator | Jan-Mar 2018 | Jan-Mar 2017 | Change Rate (%) | | :--- | :--- | :--- | :--- | | Coal Production (million tons) | 25.26 | 24.01 | 5.19 | | Coal Sales Volume (million tons) | 31.04 | 30.00 | 3.48 | | Coal Sales Revenue (million yuan) | 12,197.59 | 11,758.22 | 3.74 | | Sales Cost (million yuan) | 5,440.01 | 5,108.84 | 6.48 | | Gross Profit (million yuan) | 6,757.57 | 6,649.38 | 1.63 | [Appendix](index=7&type=section&id=IV.%20Appendix) The appendix provides the company's unaudited financial statements for Q1 2018, including consolidated and parent company balance sheets, income statements, and cash flow statements [Financial Statements](index=7&type=section&id=4.1%20Financial%20Statements) This section includes the company's unaudited consolidated and parent company financial statements for Q1 2018, providing detailed financial data for performance assessment - All financial statements are unaudited[14](index=14&type=chunk)[18](index=18&type=chunk)[22](index=22&type=chunk)[25](index=25&type=chunk)[28](index=28&type=chunk)[31](index=31&type=chunk) - The financial statements were prepared by Shaanxi Coal Industry Co., Ltd. and guaranteed to be true, accurate, and complete by legal representative Yang Zhaoqian, head of accounting Wang Xiaogang, and head of accounting department Wang Xiaogang[14](index=14&type=chunk)[18](index=18&type=chunk)[22](index=22&type=chunk)[28](index=28&type=chunk)[31](index=31&type=chunk) [Consolidated Balance Sheet](index=7&type=section&id=4.1.1%20Consolidated%20Balance%20Sheet) As of March 31, 2018, consolidated total assets were 109.20 billion yuan, up 3.59% from the beginning of the year, with owner's equity increasing by 7.42% Key Consolidated Balance Sheet Data (as of March 31, 2018) | Item | Period-end Balance (billion yuan) | Year-start Balance (billion yuan) | | :--- | :--- | :--- | | Total Assets | 109.20 | 105.41 | | Total Liabilities | 45.64 | 46.84 | | Total Owner's Equity | 63.55 | 58.57 | | Total Owner's Equity Attributable to Parent Company | 47.51 | 44.22 | - Total current assets were **29.16 billion yuan**, and total non-current assets were **80.04 billion yuan**[16](index=16&type=chunk) [Parent Company Balance Sheet](index=10&type=section&id=4.1.2%20Parent%20Company%20Balance%20Sheet) As of March 31, 2018, the parent company's total assets were 58.63 billion yuan, up 10.91% from the beginning of the year, with owner's equity increasing by 1.74% Key Parent Company Balance Sheet Data (as of March 31, 2018) | Item | Period-end Balance (billion yuan) | Year-start Balance (billion yuan) | | :--- | :--- | :--- | | Total Assets | 58.63 | 52.87 | | Total Liabilities | 32.13 | 26.81 | | Total Owner's Equity | 26.51 | 26.05 | - Total current assets were **30.59 billion yuan**, with notes receivable increasing from **3.34 billion yuan** at year-start to **7.16 billion yuan**[19](index=19&type=chunk) [Consolidated Income Statement](index=12&type=section&id=4.1.3%20Consolidated%20Income%20Statement) In Q1 2018, consolidated total operating revenue was 12.59 billion yuan, up 2.55%, with net profit attributable to parent company shareholders increasing by 6.27% Key Consolidated Income Statement Data (Jan-Mar 2018) | Item | Current Period Amount (billion yuan) | Prior Period Amount (billion yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 12.59 | 12.27 | | Total Operating Costs | 7.91 | 8.05 | | Operating Profit | 4.98 | 4.48 | | Total Profit | 4.97 | 4.49 | | Net Profit | 4.29 | 3.98 | | Net Profit Attributable to Parent Company Shareholders | 2.84 | 2.67 | | Basic Earnings Per Share (yuan/share) | 0.28 | 0.27 | - Selling expenses decreased by **51.04%** year-on-year, financial expenses decreased by **83.20%**, and asset impairment losses decreased by **57.62%**[22](index=22&type=chunk) [Parent Company Income Statement](index=14&type=section&id=4.1.4%20Parent%20Company%20Income%20Statement) In Q1 2018, the parent company's net profit significantly increased by 103.36% to 453.65 million yuan, driven by higher investment income and improved financial expenses Key Parent Company Income Statement Data (Jan-Mar 2018) | Item | Current Period Amount (million yuan) | Prior Period Amount (million yuan) | | :--- | :--- | :--- | | Operating Profit | 453.66 | 223.09 | | Total Profit | 453.65 | 223.09 | | Net Profit | 453.65 | 223.09 | - Investment income increased from **211 million yuan** in the prior period to **395 million yuan**[24](index=24&type=chunk) - Financial expenses shifted from a **27.42 million yuan** outflow in the prior period to a **73.38 million yuan** inflow in the current period[24](index=24&type=chunk) [Consolidated Cash Flow Statement](index=15&type=section&id=4.1.5%20Consolidated%20Cash%20Flow%20Statement) In Q1 2018, consolidated net cash from operating activities was 3.23 billion yuan (down 2.74%), while net cash used in investing activities significantly increased to 1.49 billion yuan outflow Key Consolidated Cash Flow Statement Data (Jan-Mar 2018) | Item | Current Period Amount (billion yuan) | Prior Period Amount (billion yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 3.23 | 3.32 | | Net Cash Flow from Investing Activities | -1.49 | -0.21 | | Net Cash Flow from Financing Activities | -0.05 | -0.75 | | Net Increase in Cash and Cash Equivalents | 1.69 | 2.36 | - Cash received from sales of goods and services was **11.95 billion yuan**, a year-on-year increase of **28.18%**[29](index=29&type=chunk) - Cash paid for goods and services was **3.24 billion yuan**, a year-on-year increase of **53.57%**[29](index=29&type=chunk) - Cash paid for various taxes was **3.60 billion yuan**, a year-on-year increase of **64.12%**[30](index=30&type=chunk) [Parent Company Cash Flow Statement](index=17&type=section&id=4.1.6%20Parent%20Company%20Cash%20Flow%20Statement) In Q1 2018, the parent company's net cash from operating activities increased by 55.16% to 1.34 billion yuan, while net cash from financing activities turned into a net inflow Key Parent Company Cash Flow Statement Data (Jan-Mar 2018) | Item | Current Period Amount (billion yuan) | Prior Period Amount (billion yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1.34 | 0.86 | | Net Cash Flow from Investing Activities | -1.12 | 0.02 | | Net Cash Flow from Financing Activities | 0.36 | -0.32 | | Net Increase in Cash and Cash Equivalents | 0.58 | 0.56 | - Cash paid for investments was **1.13 billion yuan** in the current period, compared to zero in the prior period[32](index=32&type=chunk) - Cash paid for debt repayment was **10 million yuan** in the current period, a significant decrease from **1.79 billion yuan** in the prior period[33](index=33&type=chunk) [Audit Report](index=18&type=section&id=4.2%20Audit%20Report) This quarterly report is unaudited and therefore does not include an audit report - This quarterly report is unaudited[33](index=33&type=chunk)

Financial Performance - The company expects a net profit attributable to shareholders for 2017 to be between 1,000,000 and 1,060,000 million CNY, an increase of 724,511 to 784,511 million CNY compared to the previous year, representing a year-on-year increase of 263% to 285%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 996,000 and 1,057,000 million CNY, an increase of 733,674 to 794,674 million CNY compared to the previous year, representing a year-on-year increase of 280% to 303%[3] - The net profit for the previous year was 275,488.53 million CNY, and the net profit after deducting non-recurring gains and losses was 262,326.44 million CNY[4] Factors Influencing Profit - The company attributes the profit increase to the effective implementation of national supply-side structural reforms and improved coal prices, leading to better corporate performance[6] - The company has enhanced management efficiency through the application of new technologies and results, achieving cost reduction and quality improvement[6] - The production and sales of washed coal have increased year-on-year, with high-quality coal accounting for over 95% of total production, supporting stable performance[6] Forecast Accuracy - There are no significant uncertainties affecting the accuracy of this profit forecast[7] - The above data is preliminary and subject to final audited financial statements to be disclosed later[8]

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal responsibilities, with all directors attending the review meeting [Statement on the Authenticity of the Quarterly Report](index=3&type=section&id=Item%201.1%20Statement%20on%20the%20Authenticity%20of%20the%20Quarterly%20Report) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and bear corresponding legal responsibilities, with all directors attending the review meeting - Company management guarantees the report's content is **true, accurate, and complete**, assuming legal responsibility[6](index=6&type=chunk) - This company's Q3 2017 report has not been audited[6](index=6&type=chunk) [Company Profile](index=4&type=section&id=Item%20II.%20Company%20Profile) As of Q3 2017, total assets increased by 9.81% year-over-year, with strong performance driven by a 94.06% revenue growth and a 686.13% surge in net profit attributable to shareholders, alongside a 120.12% increase in net operating cash flow [Key Financial Data](index=4&type=section&id=Item%202.1%20Key%20Financial%20Data) The company's Q1-Q3 operating revenue and net profit attributable to shareholders saw significant increases of 94.06% and 686.13% respectively, with net cash flow from operating activities also rising by 120.12%, reflecting strong performance driven by the coal industry's improved outlook Key Financial Indicators for Q1-Q3 2017 | Indicator | Year-to-Date (Jan-Sep) | Prior Year Period (Jan-Sep) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Thousand Yuan) | 39,403,614.2 | 20,304,691.6 | 94.06% | | Net Profit Attributable to Shareholders (Thousand Yuan) | 8,068,337.3 | 1,026,330.1 | 686.13% | | Net Cash Flow from Operating Activities (Thousand Yuan) | 10,926,850.3 | 4,964,019.5 | 120.12% | | Basic Earnings Per Share (Yuan/Share) | 0.81 | 0.10 | 710.00% | | Weighted Average Return on Net Assets (%) | 20.92% | 3.17% | Increased by 17.75 percentage points | Asset Status at Period End | Indicator | End of Reporting Period | End of Prior Year | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (Thousand Yuan) | 102,875,763.4 | 93,689,104.9 | 9.81% | | Net Assets Attributable to Shareholders (Thousand Yuan) | 42,354,575.0 | 34,367,273.5 | 23.24% | - The company's net profit after deducting non-recurring gains and losses for the first three quarters was **8.063 billion Yuan**, a **777.52% year-over-year increase**, indicating strong core business profitability[8](index=8&type=chunk) [Shareholder Information](index=5&type=section&id=Item%202.2%20Shareholder%20Information) As of the end of the reporting period, the company had 65,631 shareholders, with Shaanxi Coal and Chemical Industry Group Co., Ltd. as the controlling shareholder holding 63.14%, indicating a relatively concentrated and stable equity structure - As of the end of the reporting period, the company had **65,631 shareholders**[9](index=9&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shares Held at Period End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Shaanxi Coal and Chemical Industry Group Co., Ltd. | 6,313,825,200 | 63.14 | State-owned Legal Person | | China Three Gorges Capital Holdings Co., Ltd. | 526,906,918 | 5.27 | State-owned Legal Person | | Mianyang Science and Technology City Industry Investment Fund (Limited Partnership) | 485,100,900 | 4.85 | Other | | Huaneng International Power Development Company | 362,791,326 | 3.63 | State-owned Legal Person | | Shaanxi Non-ferrous Metals Holding Group Co., Ltd. | 256,739,091 | 2.57 | State-owned Legal Person | [Preferred Shareholder Information](index=7&type=section&id=Item%202.3%20Preferred%20Shareholder%20Information) During the reporting period, the company had no preferred shareholders - The company has no preferred shareholders[11](index=11&type=chunk) [Significant Events](index=8&type=section&id=Item%20III.%20Significant%20Events) This section details significant changes in key financial statement items and indicators, including asset and liability movements, and provides an outlook for full-year performance [Analysis of Significant Changes in Key Financial Indicators](index=8&type=section&id=Item%203.1%20Analysis%20of%20Significant%20Changes%20in%20Key%20Financial%20Statement%20Items%20and%20Indicators) The company experienced significant changes in financial statement items, including a 171.83% increase in prepayments and a 68.11% decrease in short-term borrowings, alongside a 94.06% surge in operating revenue due to rising coal prices and sales Major Balance Sheet Changes and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Prepayments | 171.83% | Increase in prepaid railway freight and coal purchases | | Available-for-sale financial assets | 1,100.68% | Due to investment in trust projects | | Short-term borrowings | -68.11% | Repayment of short-term borrowings due to abundant cash | | Advances from customers | 115.44% | Increase in advance receipts for coal sales | Major Income Statement Changes and Reasons | Item | Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 94.06% | Increase in coal production and sales volume, and rising coal prices | | Taxes and surcharges | 117.20% | Increase in resource tax due to rising coal prices | | Investment income | 175.56% | Improved profitability of associates | | Income tax expense | 557.36% | Increase in current income tax | [Performance Forecast](index=9&type=section&id=Item%203.4%20Performance%20Forecast) The company anticipates a substantial year-over-year increase in full-year 2017 net profit, driven by a stable macroeconomic environment, effective supply-side structural reforms, and significantly higher coal selling prices - The company expects a **significant year-over-year increase** in cumulative net profit for the full year 2017[13](index=13&type=chunk) - Key drivers for the substantial performance growth include a **favorable macroeconomic environment**, **effective supply-side reforms**, and a **significant year-over-year increase in coal selling prices**[13](index=13&type=chunk) [Q1-Q3 Operating Data](index=9&type=section&id=Item%203.5%20Operating%20Data%20for%20Jan-Sep%202017) In the first three quarters of 2017, the company produced 75.60 million tons of coal, sold 96.76 million tons, generating 37.79 billion Yuan in sales revenue and 20.53 billion Yuan in gross profit Key Operating Data for Jan-Sep 2017 | Indicator | Amount | | :--- | :--- | | Coal Production (Ten Thousand Tons) | 7,559.51 | | Coal Sales (Ten Thousand Tons) | 9,676.09 | | Coal Sales Revenue (Ten Thousand Yuan) | 3,778,800.63 | | Cost of Sales (Ten Thousand Yuan) | 1,725,403.22 | | Gross Profit (Ten Thousand Yuan) | 2,053,397.41 | [Appendix](index=10&type=section&id=Item%20IV.%20Appendix) This appendix provides the company's unaudited consolidated and parent company financial statements for the third quarter of 2017, including the balance sheet, income statement, and cash flow statement [Financial Statements](index=10&type=section&id=Item%204.1%20Financial%20Statements) This section presents the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for the third quarter of 2017 [Consolidated Balance Sheet](index=10&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2017, total assets reached 102.88 billion Yuan, a 9.81% increase from the beginning of the year, while total liabilities decreased and owners' equity attributable to the parent company grew by 23.24% Key Consolidated Balance Sheet Items (Unit: Yuan) | Item | Period-End Balance | Year-Beginning Balance | | :--- | :--- | :--- | | Total Assets | 102,875,763,409.17 | 93,689,104,937.26 | | Total Liabilities | 46,349,099,209.55 | 49,120,406,887.16 | | Total Owners' Equity Attributable to Parent Company | 42,354,574,976.30 | 34,367,273,507.61 | | Total Owners' Equity | 56,526,664,199.62 | 44,568,698,050.10 | [Consolidated Income Statement](index=14&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2017, total operating revenue surged by 94.06% to 39.40 billion Yuan, with net profit attributable to parent company owners skyrocketing by 686.13% to 8.07 billion Yuan, resulting in basic earnings per share of 0.81 Yuan Key Consolidated Income Statement Items (Unit: Yuan) | Item | Year-to-Date Amount (Jan-Sep) | Prior Year Year-to-Date Amount (Jan-Sep) | | :--- | :--- | :--- | | I. Total Operating Revenue | 39,403,614,156.14 | 20,304,691,568.87 | | III. Operating Profit | 13,822,906,453.11 | 1,943,180,543.28 | | IV. Total Profit | 13,823,403,563.28 | 1,942,201,939.86 | | Net Profit Attributable to Parent Company Owners | 8,068,337,332.82 | 1,026,330,087.64 | | (I) Basic Earnings Per Share (Yuan/Share) | 0.81 | 0.10 | [Consolidated Cash Flow Statement](index=18&type=section&id=Consolidated%20Cash%20Flow%20Statement) Net cash flow from operating activities for Q1-Q3 2017 increased by 120.12% to 10.93 billion Yuan, while investing activities resulted in a net outflow of 2.997 billion Yuan and financing activities a net outflow of 6.20 billion Yuan due to debt repayment Key Consolidated Cash Flow Statement Items (Unit: Yuan) | Item | Year-to-Date Amount (Jan-Sep) | Prior Year Year-to-Date Amount (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 10,926,850,278.81 | 4,964,019,482.35 | | Net Cash Flow from Investing Activities | -2,996,505,117.27 | -192,155,085.77 | | Net Cash Flow from Financing Activities | -6,195,565,915.09 | -1,641,657,065.44 | | V. Net Increase in Cash and Cash Equivalents | 1,734,779,246.45 | 3,130,207,331.14 | | VI. Cash and Cash Equivalents at Period End | 11,596,604,912.48 | 7,769,315,250.13 | [Audit Report](index=21&type=section&id=Item%204.2%20Audit%20Report) This quarterly financial report has not been audited - The report explicitly states that this quarterly financial report has not been audited[35](index=35&type=chunk)