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.
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 01088)
OVERSEAS REGULATORY ANNOUNCEMENT
This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.
The "Announcement Regarding the Unaudited Balance Sheet and Income Statement of Shenhua Finance Co., Ltd. for the Year 2017" as published in Chinese by China Shenhua Energy Company Limited on the website of the Shanghai Stock Exchange (www.sse.com.cn) on 17 January 2018 is enclosed hereto as overseas regulatory announcement.
By Order of the Board
China Shenhua Energy Company Limited
Huang Qing
Secretary to the Board of Directors
Beijing, 16 January 2018
As at the date of this announcement, the Board comprises the following: Dr. Ling Wen, Dr. Han Jianguo and Dr. Li Dong as executive directors, Mr. Zhao Jibin as non-executive director, and Dr. Tam Wai Chu, Maria, Dr. Jiang Bo and Ms. Zhong Yingjie, Christina as independent non-executive directors.
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Stock Code: 601088 Stock Short Name: China ShenhuaNo. of Announcement: Lin 2018-007
China Shenhua Energy Company Limited Announcement Regarding the Unaudited Balance Sheet and Income
Statement of Shenhua Finance Co., Ltd. for the Year 2017
The board of directors and all directors of China Shenhua Energy Company Limited guarantee that the information set out in this announcement does not contain any false statements, misleading representations or material omissions, and severally and jointly accept responsibility as to the truthfulness, accuracy and completeness of the content herein.
Pursuant to the requirements of the Notice in Relation to the Scheduled Disclosure of Unaudited Financial Statements for the Year 2017 by Members of the Interbank Lending Market (Zhong Hui Jiao Gong Gao [2017] No. 68) issued by the National Inter-Bank Funding Center, the balance sheet as at 31 December 2017 (unaudited) and the income statement for the year 2017 (unaudited) of Shenhua Finance Co., Ltd. ("Shenhua Finance Company"), a subsidiary of China Shenhua Energy Company Limited, prepared in accordance with the Accounting Standards for Business Enterprises, have been disclosed on the website of China Money (www.chinamoney.com.cn) recently.
The balance sheet as at 31 December 2017 (unaudited) and the income statement for the year 2017 (unaudited) of Shenhua Finance Company are as follow:
1. Balance Sheet as at 31 December 2017 of Shenhua Finance Company (Unaudited)
Prepared by: Shenhua Finance Company
Unit: RMB
Assets | Closing balance | Opening balance | Liabilities and owners' equity (or shareholders' equity) | Closing balance | Opening balance |
Assets: | Liabilities: | ||||
Cash and balances with central bank | 4,840,600,156.59 | 5,277,584,461.15 | Borrowings from central bank | ||
Deposits with banks | 41,047,883,130.03 | 17,046,172,649.89 | Deposits from banks and other financial institutions | ||
Precious metals | Placements from banks and other financial institutions | ||||
Placements with banks and other financial institutions | 1,500,000,000.00 | Financial liabilities held for trading | |||
Financial assets held for trading | 52,091,993.27 | 50,024,149.50 | Derivative financial liabilities | ||
Derivative financial assets | Financial assets sold under repurchase agreements | ||||
Financial assets held under resale agreements | Deposit from customers | 68,902,540,142.45 | 46,602,699,343.95 | ||
Interest receivable | 71,732,017.35 | 99,479,429.96 | Accrued staff costs | 9,611,389.19 | 9,430,892.10 |
Loans and advances to customers | 29,477,817,243.82 | 29,881,112,689.14 | Taxes payable | 57,789,139.35 | 47,983,753.35 |
Available-for-sale financial assets | 104,700,000.00 | 2,350,000,000.00 | Interest payable | 312,287,424.08 | 286,628,842.32 |
Held-to-maturityinvestments | 100,406,849.32 | Provision | |||
Long-term equity investments | Bonds payable | ||||
Investment properties | Deferred tax liabilities | ||||
Fixed assets | 4,273,130.76 | 4,985,947.92 | Other liabilities | 8,621,489.41 | 433,361,594.63 |
Intangible assets | 2,593,762.48 | 824,074.26 | Total liabilities | 69,290,849,584.48 | 47,380,104,426.35 |
Deferred tax assets | 157,015,862.47 | 126,853,519.37 | Owners' equity (or shareholders' equity): | ||
Other assets | 8,525,497.77 | 117,773,128.06 | Paid-in capital (or share capital) | 5,000,000,000.00 | 5,000,000,000.00 |
Capital reserve | 20,891,907.40 | 16,191,907.40 | |||
Less: Treasury shares | |||||
Surplus reserve | 635,164,300.33 | 550,454,721.45 | |||
Generalreserve | 1,098,855,963.97 | 754,834,600.66 | |||
Retained earnings | 1,321,877,887.68 | 1,253,224,393.39 | |||
Total owners' equity (or shareholders' equity) | 8,076,790,059.38 | 7,574,705,622.90 | |||
Total assets | 77,367,639,643.86 | 54,954,810,049.25 | Total liabilities and owners' equity (or shareholders' equity) | 77,367,639,643.86 | 54,954,810,049.25 |
2. Income Statement for the Year 2017 of Shenhua Finance Company (Unaudited)
Prepared by: Shenhua Finance Company
Unit: RMB
Items | Amount for the period | Amount for the last period |
I. Operating income | 1,340,478,398.82 | 1,173,775,074.33 |
Net interest income | 1,278,988,442.88 | 1,114,382,751.17 |
Interest income | 2,169,310,796.12 | 1,999,071,163.79 |
Interest expense | 890,322,353.24 | 884,688,412.62 |
Net fee and commission income | 7,772,143.20 | 8,716,974.13 |
Fee and commission income | 9,067,638.22 | 9,939,582.02 |
Fee and commission expense | 1,295,495.02 | 1,222,607.89 |
Investment income (loss represented by "-") | 21,381,506.85 | |
Including: Income from investments in associates and joint ventures | ||
Gains arising from changes in fair value (losses represented by "-") | 2,067,843.77 | 24,149.50 |
Exchange gains (losses represented by "-") | ||
Other operating income | 30,268,462.12 | 50,651,199.53 |
II. Operating expenses | 183,563,238.66 | 120,686,864.14 |
Business taxes and surcharges | 12,003,326.37 | 26,525,497.80 |
Operating and administrative expenses | 51,776,462.17 | 48,667,460.21 |
Impairment losses on assets | 119,783,450.12 | 45,493,906.13 |
Other operating costs | ||
III. Operating profit (loss represented by "-") | 1,156,915,160.16 | 1,053,088,210.19 |
Add: Non-operating income | 455,251.83 | 863,695.30 |
Less: Non-operating expense | 13,010,960.44 | 13,011,990.08 |
IV. Total profit (total loss represented by "-") | 1,144,359,451.55 | 1,040,939,915.41 |
Less: Income tax expense | 297,263,662.79 | 263,803,577.02 |
V. Net profit (net loss represented by "-") | 847,095,788.76 | 777,136,338.39 |
The above data is unaudited. Investors are hereby reminded of the risks which may result from inappropriate reliance upon or utilization of the information given above.
By order of the Board
China Shenhua Energy Company Limited
Huang Qing
Secretary to the Board of Directors
17 January 2018
CSEC - China Shenhua Energy Company Ltd. published this content on 16 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2018 10:14:05 UTC.
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