AAG Energy Holdings Limited reported unaudited consolidated earnings results for the six months ended of June 30, 2017. For the period, the company reported revenue of RMB 225,631,000 compared to RMB 193,294,000 a year ago. Profit from operations was RMB 128,847,000 compared to RMB 109,229,000 a year ago. Adjusted EBITDA was RMB 189,693,000 compared to RMB 165,407,000 a year ago. Profit attributable to owners of the company for the period was RMB 63,694,000 compared to RMB 72,407,000 a year ago. Basic and diluted earnings per share was RMB 0.02 compared to RMB 0.02 a year ago. Profit before income tax was RMB 119,562,000 compared to RMB 112,093,000 a year ago. Net cash generated from operating activities was RMB 191,612,000 compared to RMB 91,191,000 a year ago. Purchases of property, plant and equipment and intangible assets were RMB 281,479,000 compared to RMB 340,154,000 a year ago. EBITDA was RMB 176,126,000 compared to RMB 144,901,000 a year ago.

During the first half of 2017, the group's gross gas production increased by 16% to 293 million cubic meters (Mmcm) (10.3 billion cubic feet (bcf)) (comprising Panzhuang's gross production of 266.7 Mmcm or 9.4 bcf and Mabi's gross production of 26 MMCM or 0.9 bcf) compared with the first half of 2016.

The Group's full year gross production expectation for Mabi is 57 MMCM (2 bcf) subject to anticipated project execution and related government approvals. The Group's 2017 planned capital expenditures will increase from the original plan of approximately RMB 590 million.