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Chaowei Power Holdings Limited
超 威 動 力 控 股 有 限 公 司
(incorporated in the Cayman Islands with limited liability)
(Stock code: 951)
INSIDE INFORMATION
UNAUDITED FINANCIAL INFORMATION OF CHAOWEI POWER
FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019
This announcement is made by the Company pursuant to the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.
Reference is made to the announcements of the Company dated 12 October 2017, 19 October 2017, 31 October 2017, 27 April 2018, 31 October 2018 and 30 April 2019 relating to the issue of medium term notes by Chaowei Power in the PRC.
Pursuant to the requirement under the Rules for Information Disclosure on Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market 《( 銀行間債券市 場非金融企業債務融資工具信息披露規則》) published by National Association of Financial Market Institutional Investors (中國銀行間市場交易商協會), Chaowei Power, a subsidiary of the Company, is required to announce its quarterly balance sheet, income statement and cash flow statement within one month subsequent to the end of the third quarter. Accordingly, Chaowei Power, in compliance with this requirement, published its unaudited financial results for the nine months ended 30 September 2019 on the websites of Shanghai Clearing House (www.shclearing.com) and Chinamoney (www.chinamoney.com.cn) on 31 October 2019.
As Chaowei Power is one of the major operating subsidiaries of the Company and its financial results have a material impact on the results of the Company, the Board considers the relevant financial information of Chaowei Power constitutes inside information of the Company.
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This announcement is made by Chaowei Power Holdings Limited (the ''Company'') pursuant to the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.
Reference is made to the announcements of the Company dated 12 October 2017, 19 October 2017, 31 October 2017, 27 April 2018, 31 October 2018 and 30 April 2019 relating to the issue of medium term notes by Chaowei Power in the PRC (together, the ''Announcements''). Unless otherwise stated, terms used in this announcement shall have the same meanings as those defined in the Announcements.
Pursuant to the requirement under the Rules for Information Disclosure on Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market 《( 銀行間債券市場 非金融企業債務融資工具信息披露規則》) published by National Association of Financial Market Institutional Investors (中國銀行間市場交易商協會), Chaowei Power, a subsidiary of the Company is required to announce its quarterly balance sheet, income statement and cash flow statement within one month subsequent to the end of the third quarter. Accordingly, Chaowei Power, in compliance with this requirement, published its unaudited financial results for the nine months ended 30 September 2019 on the websites of Shanghai Clearing House (www.shclearing.com) and Chinamoney (www.chinamoney.com.cn) on 31 October 2019.
As Chaowei Power is one of the major operating subsidiaries of the Company and its financial results have a material impact on the results of the Company, the Board considers the relevant financial information of Chaowei Power constitutes inside information of the Company. Accordingly, pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong), selected key unaudited financial information of Chaowei Power and its subsidiaries for the nine months ended 30 September 2019 are reproduced below:
RMB'000 | |
Current assets | 10,566,679 |
Non-current assets | 6,911,102 |
Total assets | 17,477,781 |
Current liabilities | 10,024,777 |
Non-current liabilities | 2,557,104 |
Total equity | 4,895,900 |
Revenue | 19,724,946 |
Net profit attributable to owners of Chaowei Power | 480,964 |
Net cash inflows from operating activities | 602,358 |
Net cash outflows from investing activities | 401,343 |
Net cash outflows from financing activities | 537,206 |
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The Board wishes to remind the Shareholders and prospective investors that such financial information of Chaowei Power is prepared based on the generally accepted accounting principles of the PRC and has not been reviewed or audited by the auditors of the Company or reviewed by the audit committee of the Company.
The Shareholders and prospective investors are cautioned not to unduly rely on such information and are reminded to exercise caution when dealing in the Shares.
By Order of the Board
Chaowei Power Holdings Limited
Zhou Mingming
Chairman and Chief Executive Officer
Changxing, Zhejiang Province, the PRC, 31 October 2019
As at the date of this announcement, the executive Directors are Mr. ZHOU Mingming, Mr. ZHOU Longrui, Ms. YANG Yunfei and Mr. YANG Xinxin, the non-executive Director is Ms. FANG Jianjun, the independent non-executive Directors are Mr. WANG Jiqiang, Prof. OUYANG Minggao, Mr. LEE Conway Kong Wai and Mr. NG Chi Kit.
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Chaowei Power Holdings Limited published this content on 31 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 23:16:04 UTC