Yanzhou Coal Mining : ANNOUNCEMENT ON THE UNAUDITED MAJOR OPERATIONAL DATA OF THE FIRST QUARTER OF 2021
April 20, 2021 at 10:20 am
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兗州煤業股份有限公司
YANZHOU COAL MINING COMPANY LIMITED
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1171)
ANNOUNCEMENT ON THE UNAUDITED MAJOR OPERATIONAL DATA OF THE
FIRST QUARTER OF 2021
This is a voluntary announcement made by Yanzhou Coal Mining Company Limited (the "Company").
According to the internal statistics compilation of the Company, the major operational data (unaudited) of the coal business and the coal chemicals business of the Company and its subsidiaries for the first quarter of 2021 is set out in the table below:
Unit: Ten kiloton
For the first quarter of
2021
2020
Increase / decrease (%)
I. Coal Business
(i) Production volume of
2,635
2,820
-6.58
saleable coal
(ii) Sales volume of
2,641
3,589
-26.42
saleable coal
Among which: sales
2,304
2,573
-10.45
volume of self-
produced coal
II. Coal Chemicals Business
1. Methanol
(i) Production volume
68
47
42.62
(ii) Sales volume
62
48
30.01
2. Glycol
(i) Production volume
8
-
-
(ii) Sales volume
8
-
-
3. Acetic acid
(i) Production volume
27
23
17.01
(ii) Sales volume
17
16
4.22
4. Ethyl acetate
(i) Production volume
11
6
87.49
(ii) Sales volume
10
4
170.90
1
5. Crude liquid wax
(i) Production volume
11
9
25.80
(ii) Sales volume
9
5
71.78
Notes:
The Company has completed the acquisition of assets including, among others, 49.315% equity interest of Shaanxi Future Energy Chemicals Co., Ltd. and 100% equity interest of Yankuang Lunan Chemicals Co., Ltd. in December 2020. According to the Chinese Accounting Standards, such acquisition constitutes business combinations under common control. The Company has made retroactive adjustments to the major operational data for the first quarter of 2020.
The production / sales volume set out in the table above were rounded to 10 kiloton. The increase / decrease percentage was calculated based on the actual production / sales volume.
As the operational data is influenced by various factors, including but not limited to the adjustment of the macroeconomic policy of the state, changes in domestic and overseas market conditions, seasonality, bad weather and disasters, equipment maintenance and safety inspection, the operational data for each quarter may differ substantially. The operational data are prepared in accordance with the Accounting Standards for Business Enterprises and the relevant explanations promulgated by the Minister of Finance of the People's Republic of China, and may be different from those disclosed in the interim reports and annual reports of the Company in accordance with the International Financial Reporting Standards. The operational data disclosed in periodical reports shall prevail if there is any discrepancy. Investors should be aware of the investment risks associated therewith.
The Board of Directors of
Yanzhou Coal Mining Company Limited
Zoucheng, Shandong Province, the PRC
20 April 2021
As at the date of this announcement, the directors of the Company are Mr. Liu Jian, Wu Xiangqian, Mr. Zhao Qingchun, Mr. He Jing and Mr. Wang Ruolin, and the independent non-executive directors of the Company are Mr. Tian Hui, Mr. Zhu Limin, Mr. Cai Chang and Mr. Poon Chiu Kwok.
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Yanzhou Coal Mining Co. Ltd. published this content on 20 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2021 09:19:05 UTC.
Yankuang Energy Group Co Ltd is a China-based international comprehensive energy company engaged in coal and coal chemical industry. The Company operates in five segments. The Coal Mining segment is engaged in underground and open-cut mining, preparation and sale of coal and potash mineral exploration. The Smart Logistics segment provides railway transportation services. The Electricity and Heating Supply segment provides electricity and related heat supply services. The Equipment Manufacturing segment is engaged in the manufacture of comprehensive coal mining and excavating equipment. The Chemical Products segment is engaged in the production and sale of chemical products. The coal products mainly include thermal coal, pulverized coal injection (PCI), and coking coal. The coal chemical products mainly include methanol, ethylene glycol, acetic acid, ethyl acetate and crude liquid wax, among others. The Company distributes products in the domestic market and to overseas markets.