Hunan Corun New Energy Co., Ltd. Financial Data

Consolidated

Consolidated Balance Sheet

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current assets 2,176.54 1,142.46 929.50
Non-current assets 3,051.13 2,674.42 1,661.40
Total assets 5,227.67 3,816.88 2,590.90
Current liabilities 1,542.90 926.63 1,258.82
Non-current liabilities 1,467.37 758.63 166.27
Total liabilities 3,010.27 1,685.27 1,425.09
Capital 1,391.07 927.38 472.24
Capital reserves 138.05 587.14 442.74
Profit reserves 29.99 29.99 29.99
Backlog profits (202.31) 9.30 1.84
Minority shareholder equity 910.27 640.45 288.26
Total shareholders' equity 2,217.40 2,131.62 1,165.81
Liabilities and shareholders' equity 5,227.67 3,816.88 2,590.90

Consolidated Profit and Loss Statement

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 1,700.16 1,124.79 854.71
Operating income (262.87) (114.26) (81.08)
Ordinary income (247.09) 76.67 (42.68)
Net profit (252.17) 57.09 (44.28)

Consolidated Cash Flow

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash flows from operating activities (192.63) 139.52 93.25
Cash flows from investment activities (336.90) (254.02) (376.85)
Cash flows from financing activities 739.99 196.78 488.33
Gains (losses) from exchange-rate translation 1.94 5.72 (0.62)
Increases (decreases) in cash and cash equivalents 212.39 88.00 204.11
Cash and cash equivalent at the beginning of the term 462.01 374.01 169.90
Cash and cash equivalent at the term-end 674.40 462.01 374.01

Non-Consolidated

Non-consolidated Balance Sheet

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Current assets 921.01 692.88 454.06
Non-current assets 1,998.86 1,651.87 1,481.81
Total assets 2,919.87 2,344.75 1,935.88
Current liabilities 1,107.71 796.90 1,058.06
Non-current liabilities 337.00 0.50 1.00
Total liabilities 1,444.71 797.40 1,059.06
Capital 1,391.07 927.38 472.24
Capital reserve 135.62 599.50 453.09
Profit reserve 29.79 29.79 29.79
Backlog profit (81.33) (9.32) (78.30)
Total shareholders' equity 1,475.15 1,547.35 876.80
Liabilities and shareholders' equity 2,919.87 2,344.75 1,935.88

Non-consolidated Profit and Loss Statement

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Sales 887.55 557.77 396.43
Operating Income (72.31) (42.94) (68.91)
Ordinary Income (71.83) 69.13 (43.14)
Net Profit (72.01) 68.98 (43.30)

Non-consolidated Cash Flow

(Unit : Million Yuan)

  FY ended Dec. 31, 2016 FY ended Dec. 31, 2015 FY ended Dec. 31, 2014
Cash Flows from operating activities (24.34) 38.61 24.22
Cash Flows from investment activities (532.98) (275.60) (428.69)
Cash Flows from financing activities 603.47 262.25 380.14
Gains (losses) from exchange-rate translation 0.04 (0.06) 0.002
Increases (decreases) in cash and cash equivalents 46.19 25.20 (24.32)
Cash and cash equivalent at the beginning of the term 34.32 9.11 33.14
Cash and cash equivalent at the term-end 80.51 3.32 9.11

Note
- Source : Financial statements published by the company
- Fiscal years ending on Dec.31