Yanzhou Coal Mining Co. Ltd. expects that the net profit attributable to shareholders of the company for the year ended December 31, 2014 will increase by approximately 105% compared to the same period of last year. The main reasons for the estimated profit growth for the period are: The provision for impairment losses on mining rights assets in the year of 2013 was RMB 2.0522 billion compared to no provision was made in the year of 2014.

This caused an increase of approximately RMB 1.1 billion in the net profit attributable to shareholders of the company in 2014 compared to 2013. The realised foreign exchange losses for the year of 2013 were RMB 1.686 billion while in the year of 2014, there were realised foreign exchange gains. This caused an increase of approximately RMB 1.0 billion in the net profit attributable to shareholders of the company in 2014 compared to 2013.

In 2014, the cost of coal sales decreased significantly, which caused an increase of approximately RMB 2.4 billion in the net profit attributable to shareholders of the company in 2014 compared to 2013. There was a significant decrease in annual coal sales price in 2014, which caused a decrease of approximately RMB 2.7 billion in the net profit attributable to shareholders of the company in 2014 compared to 2013. Due to the repeal of the Mineral Resource Rent Tax by the Australian government, tax gains recognised by Yancoal Australia Limited, the company's subsidiary, in the previous year has been reversed, which caused a decrease of approximately RMB 0.4 billion in the net profit attributable to shareholders of the company in 2014 compared to 2013.