Inner Mongolia Yitai Coal Co.,Ltd. provided earnings guidance for the year ended 31 December 2017. For the year, the Group is expected to record the net profit attributable to the shareholders of the company of approximately RMB 5.0 billion for the year ended 31 December 2017, representing an increase of approximately 150% as compared to that for the year ended 31 December 2016. The Group is expected to record an increase of approximately RMB 3,132.31 million in the net profit after non-recurring profit and loss attributable to shareholders of the Company for the year ended 31 December 2017, representing an increase of approximately 168% as compared to that for the year ended 31 December 2016. The company considered that the expected increase in the results of the period was primarily attributable to: 1) the substantial increase in the coal prices, resulting from the in-depth implementation of national supply-side reform and the policy of eliminating backward production capacity, the continual improvement of supply and demand for coal and the recovery of the market, and this further led to the increase in the profit per ton of the Company in 2017 as compared to that of the same period in the last year; 2) the Company organized its production in a reasonable manner according to the control policies such as the release of advanced production capacity in coal industry and this, together with the commencement of production of the new Talahao Mine, led to the significant increase in the coal production of the Company in 2017 as compared to that of the same period in the last year; and 3) with the commencement of production of Hongqinghe Mine controlled by Inner Mongolia Yitai Group Co. Ltd. ("Yitai Group"), the Company was able to sell the coals produced from Hongqinghe Mine on behalf of Yitai Group based on the Non-Competition Agreement entered into between the Company and Yitai Group, resulting in the substantial growth of coal sales volume of the Company in 2017.