Beijing Enterprises Environment GroupLtd : ANNOUNCEMENT OF SUMMARISED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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(Incorporated in Hong Kong with limited liability)

(Stock Code: 154) ANNOUNCEMENT OF SUMMARISED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 HIGHLIGHTS

• The Group's revenue from continuing operations for the six months ended 30 June 2017 amounted to HK$425.01 million, increased by 1.64 times as compared with HK$160.92 million in the corresponding period of last year.

• EBITDA for the period from continuing operations amounted to HK$198.19 million, increased by 3.06 times as compared with HK$48.80 million in the corresponding period of last year.

• Profit for the period from continuing operations attributable to members of the Company was HK$70.68 million, increased by 2.27 times as compared with HK$21.62 million in the corresponding period of last year. Profit for the period attributable to members of the Company was HK$70.68 million, decreased by 23% as compared with HK$91.80 million (included profit from a discontinued operation of HK$70.18 million) in the corresponding period of last year.

• Basic earnings per share was HK4.71 cents.

• Net assets as at 30 June 2017 amounted to HK$2.53 billion.

• The Board does not recommend the payment of an interim dividend for the period.

The board (the "Board") of directors (the "Directors") of Beijing Enterprises Environment Group Limited (the "Company") is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2017, together with comparative figures for the corresponding period in last year, as follows:

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2017

For the six months ended 30 June

Notes	2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
CONTINUING OPERATIONS REVENUE	4	425,006	160,923
Cost of sales	(284,220)	(119,706)
Gross profit	140,786	41,217
Other income and gains, net	4	34,318	21,913
Selling and distribution expenses	(803)	(1,592)
Administrative expenses	(42,906)	(30,972)
Other operating expenses, net	(1,056)	(31)
PROFIT FROM OPERATING ACTIVITIES OF CONTINUING OPERATIONS	5	130,339	30,535
Finance costs	6	(30,909)	(1,734)
Share of profit/(loss) of a joint venture	290	(35)
PROFIT BEFORE TAX FROM CONTINUING
OPERATIONS	99,720	28,766
Income tax	7	(23,748)	(8,408)

PROFIT FOR THE PERIOD FROM

CONTINUING OPERATIONS 75,972 20,358

DISCONTINUED OPERATION

Profit for the period from

a discontinued operation 8(a) - 65,740

PROFIT FOR THE PERIOD 75,972 86,098

For the six months ended 30 June

Note	2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
Members of the Company Continuing operations 70,680				21,617
Discontinued operation	-	70,179
70,680	91,796
Non-controlling interests	5,292	(5,698)
75,972	86,098
ATTRIBUTABLE TO MEMBERS OF THE COMPANY 10
- Basic (HK cents) For profit for the period	4.71	6.12

ATTRIBUTABLE TO:

EARNINGS PER SHARE

For profit for the period from

continuing operations 4.71 1.44

- Diluted (HK cents)

For profit for the period 2.10 4.24

For profit for the period from

continuing operations 2.10 1.06

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2017

For the six months ended 30 June

2017 (Unaudited) HK$'000	2016 (Unaudited) HK$'000
PROFIT FOR THE PERIOD	75,972	86,098
OTHER COMPREHENSIVE INCOME/(LOSS) Items to be reclassified to profit or loss in subsequent periods: Exchange differences: - Translation of foreign operations	110,001	(62,104)
- Release upon disposal of subsidiaries during the period	-	(37,289)

OTHER COMPREHENSIVE INCOME/(LOSS)

FOR THE PERIOD, NET OF INCOME TAX 110,001 (99,393)

TOTAL COMPREHENSIVE INCOME/(LOSS)

Members of the Company	173,802	(6,669)
Non-controlling interests	12,171	(6,626)

FOR THE PERIOD 185,973 (13,295) ATTRIBUTABLE TO:

185,973 (13,295)