The triangle 66 is the factory stamp. (Norinco)
The 56 is the Chinese designation for the AKM rifle. (type 56)
Type 56-I with the -I = Copy of the AKS-47, with an under-folding steel shoulder stock and the bayonet removed to make the weapon easier to carry. As with the original Type 56, milled receivers were replaced by stamped receivers in the mid-1960s, making the Type 56-1 an equivalent to the Russian AKMS
56S the "S" = semi auto only copy for export market.
So putting it all in order = Norinco made (triangle 66) Type 56 (56) Semi-Auto (S) with Underfolder Metal Stock (-I)
Very Nice Rifle you have.
EDITED to Answer Original Question - Yes, it is a factory Pre-Ban AK
Some other interesting information on Chinese AKs. They were patterned after the Original AK-47 (vs the AKM) since the Sino-Soviet Split hit before the AKM technology transfer was made.
The following is from Wiki on the Chinese Type 56
The Type 56 has a 1.5mm stamped receiver (like the RPK, although it lacks the reinforced trunnion of the RPK) versus the 1mm stamping of the AKM.
The barrel on the Type 56 is similar to the AK-47 and heavier than that of the AKM.
The front sights are fully enclosed, compared to the AKM and AK-47 which are partially opened.
Has the double hook disconnector of the AK-47 rather than the single hook disconnector of the AKM.
Has a smooth dust cover like the AK-47 and unlike the ribbed dust cover of the AKM.
May have a folding spike bayonet (nicknamed the "pig sticker") as opposed to the detachable knife bayonets of the AK-47 and AKM. There are three different types of spike bayonets made for Type 56 rifles. Type 56 assault rifles are the only AK-pattern assault rifles that use spike bayonets.
Military issued versions of the Type 56 lack the threaded muzzle found on the AK-47 and AKM, this means they cannot use an AKM compensator or blank-firing device. Commercial versions of the Type 56 may or may not have a threaded muzzle.
Has a blued finish like the AK-47 and unlike the AKM, which has a black oxide finish or a parkerized finish.
Has "in the white" bolt carrier, while the AKM bolt carrier is blued.
Like the AK-47, sights will only adjust to 800 metres, whereas AKM sights adjust to 1000 metres.
Nearly all Type 56's lack the side mount plate that was featured on many variations of the AK-47 and AKM.
Lacks the hammer release delay device of the AKM. The lack of hammer retarder is perhaps due to a preference of a slightly higher rate of fire, and simplicity. And did not have anything to do with thickness of the receiver, as the RPK included the hammer retarder also.
The gas relief ports are located on the gas tube like the AK-47, unlike the AKM which had the gas relief ports relocated forward to the gas block.
The fixed stock of a Type 56 has a less in-line stock like the AK-47, opposed to the AKM which has a straighter stock.