YANZHOU COAL MINING COMPANY LIMITED
1171
(1)
(2)
2019 2 12 8 30 10
273500 298 H
2018 12 27
H
183 17M H
273500 298 A
2019 1 21
Production2:Circular (new):18124181-Yanzhou-Cir(c):00 Yanzhou Cover(c) PN: (1 / 1)
User: MacAA002039 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
........................................................ 1
I. ................................................. 5
II. .................. 6
A. .................................. 6
B. ....................... 15
C. ......................... 20
D. ......................... 22
III. ................................... 26
A. .............................................. 26
B. ............. 26
C. ............... 26
D. ............................................ 28
E. ................ 28
F. A ........ 29
G. .................................. 29
H. ............................... 29
I. .............................. 30
J. ................................... 32
K. .......................................... 32
IV. A H ........... 32
V. H ....................... 33
VI. ........................................ 34
VII. ............................................. 34
.......................................... 35
............................ 55
–i–
Production2:Circular (new):18124181-Yanzhou-Cir(c):01 Yanzhou Contents(c) PN: (i / i)
User: MacAA002039 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
A A
A 2019 2 12 9 30
273500
298 2019 A
A 1.00
2019-2021
A H
H A
–1–
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User: MacAA002039 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
2019 2 12 8 30
273500
298 2019
A
46,680,000
H H
H 2019 2 12 10
273500 298
2019 H
H 1.00
–2–
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2019 1 16
–3–
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User: MacAA002039 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
2018 A
1 A
60
51.81%
%
–4–
Production2:Circular (new):18124181-Yanzhou-Cir(c):02 Yanzhou De nition(c) PN: (4 / 4)
User: MacAA002039 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
YANZHOU COAL MINING COMPANY LIMITED
1171
298
273500
248
40
(1)
(2)
I.
2018 12 27 (1)
(2)
–5–
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
II.
A
491201.6
260000
52.93% H 195201.6 39.74% A
36000 7.33%
–6–
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
491201.6
A 296000 60.26% H
195201.6 39.74%
–7–
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
–8–
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
–9–
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– 10 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
10%
– 11 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
– 12 –
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(14)
(14)
– 13 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
– 14 –
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B
– 15 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
10%
– 16 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
– 17 –
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H
– 18 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
– 19 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
C
2
2
– 20 –
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– 21 –
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D
– 22 –
Production2:Circular (new):18124181-Yanzhou-Cir(c):03 Yanzhou Letter(c) PN: (22 / 34)
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– 23 –
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– 24 –
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– 25 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
III.
A.
17.04(1)
B.
C.
A H
A H A
H
– 26 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
A 46,680,000
4,912,016,000 0.95%
1
A
A
A
1%
A 1% A
10% A 10%
30%
40%
– 27 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
D.
24
24 33%
36
36 33%
48
48 34%
60
E.
– 28 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
F. A
A
A
G.
H.
17
14A.92(3)(a)
14A
(1) (i)
24 (ii)
24 36 48
(iii)
(2)
– 29 –
Production2:Circular (new):18124181-Yanzhou-Cir(c):03 Yanzhou Letter(c) PN: (29 / 34)
User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
(3)
I.
(1) 17.03(9) (1)
17.03(9) (1)
(i)
(ii) 5
(i)
A (ii)
20/60/120 A (iii)
A (iv) 30
A
A
17.03(9) (1)
– 30 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
(2) A .3( a )
A.3(a)
60
60
2019 2 12
A.3(a)
A.3(a)
(1)
(2)
(3)
– 31 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
J.
A
H
H
(www.hkex.com.hk) (http://www. yanzhoucoal.com.cn/zh.htm)
K.
10 14
IV. A H
A H
A H
(a) 2018 A
– 32 –
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User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
(b) 2018 A
(c) 2018 A
2018 12 28
H 2018 12 28
H
24
A
10,000 A
A H
V. H
2019 1 12 2019 2 12
H H
H H
2019 1 11 4 30
H
183 17 1712-1716 2019 1 11
H H
H
– 33 –
Production2:Circular (new):18124181-Yanzhou-Cir(c):03 Yanzhou Letter(c) PN: (33 / 34)
User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
VI.
H H
H H
VII.
2019 1 21
– 34 –
Production2:Circular (new):18124181-Yanzhou-Cir(c):03 Yanzhou Letter(c) PN: (34 / 34)
User: MacAA002039 Modi ed at: 2019-01-17 09:59 Printed at: 2019-01-17 10:00
1.
2.
(1)
(2)
5%
– 35 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
3.
(1)
A
(2)
A 46,680,000
4,912,016,000 0.95%
1 A
A
A
1%
A 1%
A
10% A
10%
30%
40%
4.
(1)
– 36 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(2)
60
(3)
(4)
24 36 48
(5)
24
24 33%
36
36 33%
48
48 34%
60
– 37 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(6)
A
(a)
25%
(b)
6 6
(c)
(d)
20%
– 38 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
5.
6.
(1)
(a)
(i)
(ii)
(iii) 36
(iv)
(v)
– 39 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(b)
(i) 12
(ii) 12
(iii) 12
(iv)
(v)
(vi)
(c)
2015 2017 2017 (i)
130% (ii) 2017
(i) 1.17 (ii)
(2)
(a)
(i)
– 40 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(ii)
(iii) 36
(iv)
(v)
(b)
(i) 12
(ii) 12
(iii) 12
(iv)
(v)
(vi)
(a)
(b)
– 41 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(c)
2019 2021
1. 2015 2017
2019 (i) 139%
(ii)
2. 2019 (i) 1.20
(ii)
1. 2015 2017
2020 (i) 149%
(ii)
2. 2020 (i) 1.25
(ii)
1. 2015 2017
2021 (i) 159%
(ii)
2. 2021 (i) 1.30
(ii)
– 42 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
1.
A
2.
3.
(d)
2018
(A) (B) (C) (D)
1.0 1.0 0.8 0
– 43 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
7.
(1)
(a)
Q Q0 (1 n)
Q0 n
Q
(b)
Q Q0 P1 (1 n)/(P 1 P2 n)
Q0 P1
P2 n
Q
(c)
Q Q0 n
Q0 n 1
n Q
– 44 –
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(2)
(a)
P P0 (1 n)
P0 n
P
(b)
P P0 (P 1 P2 n)/[P 1 (1 n)]
P0 P1
P2 n
P
(c)
P P0 n
P0 n P
(d)
P P 0 -V
P0 V P
P
– 45 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(3)
(4)
8.
(1)
(a)
(b)
(i)
(ii)
(c)
– 46 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(2)
(a)
(b
3
(c)
(d)
9.
(1)
(2)
(3)
(4)
– 47 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
1.
46,680,000 A
0.95%
2.
502
A (%) (%)
1 320 0.69 0.01
2 260 0.56 0.01
3 260 0.56 0.01
4 260 0.56 0.01
5 260 0.56 0.01
6 260 0.56 0.01
7 260 0.56 0.01
(495 44,800 95.97 0.91
46,680 100.00 0.95
– 48 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
17.04(1)
3.
60
60
4.
A 9.64
A
(1) A
A 8.92
(2) 20 A
A 9.58
(3) A
A 8.75
(4) 30 A
A 9.64
– 49 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
1.
(1)
(i)
(ii)
(iii) 36
(iv)
(v)
(2)
(i)
(ii)
(3)
– 50 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
2.
(1)
(a)
(b)
(c)
(d)
(e)
(2)
6
– 51 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(3)
(a)
(b) 12
(c) 12
(d) 12
(e)
(f)
(g)
(4)
(a)
(b)
– 52 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(5)
(a)
(b)
(6)
22 22
Black-Scholes
11 11
Black-Scholes 1.90
(1) 8.75 A
8.75
(2)
(3) 26.44%
– 53 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
(4) 2.98%
2019 2 2019 2023
2019 2020 2021 2022 2023
4,668 8,869.20 2,926.84 3,192.92 1,851.45 835.18 62.81
A
– 54 –
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– 55 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
1.
2019 2021
1. 2015 2017 2019
(i) 139% (ii)
2. 2019 (i) 1.20 (ii)
1. 2015 2017 2020
(i) 149% (ii)
2. 2020 (i) 1.25 (ii)
1. 2015 2017 2021
(i) 159% (ii)
– 56 –
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User: MACTS030833 Modi ed at: 2019-01-17 00:38 Printed at: 2019-01-17 10:00
2. 2021 (i) 1.30 (ii)
1.
A
2.
3.
2.
2018
(A) (B) (C) (D)
1.0 1.0 0.8 0
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3.
– 58 –
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