Hunan Corun New Energy Co., Ltd. Financial Data

Consolidated

Consolidated Balance Sheet

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Current assets 2,810.34 2,176.54 1,142.46
Non-current assets 3,928.09 3,051.13 2,674.42
Total assets 6,738.43 5,227.67 3,816.88
Current liabilities 1,874.91 1,542.90 926.63
Non-current liabilities 1,424.13 1,467.37 758.63
Total liabilities 3,299.04 3,010.27 1,685.27
Capital 1,469.69 1,391.07 927.38
Capital reserves 813.05 138.05 587.14
Profit reserves 29.99 29.99 29.99
Backlog profits (180.29) (202.31) 9.30
Minority shareholder equity 1,361.17 910.27 640.45
Total shareholders' equity 3,439.39 2,217.40 2,131.62
Liabilities and shareholders' equity 6,738.43 5,227.67 3,816.88

Consolidated Profit and Loss Statement

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Sales 1.565.06 1,700.16 1,124.79
Operating income (138.10) (269.77) (114.26)
Ordinary income 28.43 (247.09) 76.67
Net profit 40.98 (252.17) 57.09

Consolidated Cash Flow

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Cash flows from operating activities (24.38) (192.63) 139.52
Cash flows from investment activities (765.46) (336.90) (254.02)
Cash flows from financing activities 1,580.34 739.99 196.78
Gains (losses) from exchange-rate translation 4.03 1.94 5.72
Increases (decreases) in cash and cash equivalents 794.53 212.39 88.00
Cash and cash equivalent at the beginning of the term 674.40 462.01 374.01
Cash and cash equivalent at the term-end 1,468.93 674.40 462.01

Non-Consolidated

Non-consolidated Balance Sheet

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Current assets 1,191.76 921.01 692.88
Non-current assets 2.668.12 1,998.86 1,651.87
Total assets 3,859.88 2,919.87 2,344.75
Current liabilities 1,335.96 1,107.71 796.90
Non-current liabilities 390.00 337.00 0.50
Total liabilities 1,725.96 1,444.71 797.40
Capital 1,469.69 1,391.07 927.38
Capital reserve 788.83 135.62 599.50
Profit reserve 29.79 29.79 29.79
Backlog profit (154.38) (81.33) (9.32)
Total shareholders' equity 2,133.93 1,475.15 1,547.35
Liabilities and shareholders' equity 3,859.88 2,919.87 2,344.75

Non-consolidated Profit and Loss Statement

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Sales 484.52 887.55 557.77
Operating Income (73.34) (72.72) (42.94)
Ordinary Income (73.22) (71.83) 69.13
Net Profit (73.05) (72.01) 68.98

Non-consolidated Cash Flow

(Unit : Million Yuan)

  FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Cash Flows from operating activities 173.28 (24.34) 38.61
Cash Flows from investment activities (1,070.88) (532.98) (275.60)
Cash Flows from financing activities 972.47 603.47 262.25
Gains (losses) from exchange-rate translation 0.07 0.04 (0.06)
Increases (decreases) in cash and cash equivalents 74.93 46.19 25.20
Cash and cash equivalent at the beginning of the term 80.51 34.32 9.11
Cash and cash equivalent at the term-end 155.44 80.51 3.32

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