China Everbright Greentech : INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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CHINA EVERBRIGHT GREENTECH LIMITED 中國光大綠色環保有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1257) ANNOUNCEMENT INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 HIGHLIGHTS The Next Jump Forwards

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Revenue increased by 69% to HK$2,047,075,000 (2016: HK$1,208,407,000)

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EBITDA increased by 60% to HK$713,064,000 (2016: HK$445,841,000)

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Profit before taxation increased by 59% to HK$564,680,000

(2016: HK$354,148,000)

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Profit attributable to equity shareholders of the Company increased

by 57% to HK$457,416,000 (2016: HK$292,095,000)

INTERIM FINANCIAL RESULTS

The board of directors (the "Board") of China Everbright Greentech Limited (the "Company") announces the unaudited interim financial results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2017. The interim financial results are unaudited, but have been reviewed by KPMG, in accordance with Hong Kong Standard on Review Engagement 2410, "Review of interim financial information performed by the independent auditor of the entity", issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA") whose report on review of interim financial information is included in the interim report to be sent to the shareholders of the Company. The interim financial results have also been reviewed by the Company's Audit and Risk Management Committee.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2017 - unaudited

Six months ended 30 June

Note	2017 HK$'000	2016 HK$'000
Revenue	3(a)	2,047,075	1,208,407
Direct costs and operating expenses	(1,386,631)	(785,059)
660,444	423,348
Other revenue	56,437	22,427
Other loss	(5)	(493)
Administrative expenses	(98,598)	(60,683)
Profit from operations	618,278	384,599
Finance costs	4(a)	(53,086)	(29,970)
Share of loss of a joint venture	(512)	(481)
Profit before taxation	4	564,680	354,148
Income tax	5	(105,110)	(62,383)
Profit for the period	459,570	291,765
Attributable to: Equity shareholders of the Company	457,416	292,095
Non-controlling interests	2,154	(330)
Profit for the period	459,570	291,765
Earnings per share	7
Basic and diluted	HK28.23 cents	HK20.28 cents

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2017 - unaudited

Six months ended 30 June

2017 HK$'000	2016 HK$'000
Profit for the period	459,570	291,765
Other comprehensive income for the period: Item that may be reclassified subsequently to profit or loss: - Exchange differences on translation of financial statements of subsidiaries outside Hong Kong, net of nil tax	95,447	(46,132)
Total comprehensive income for the period	555,017	245,633
Attributable to: Equity shareholders of the Company	552,370	246,156
Non-controlling interests	2,647	(523)
Total comprehensive income for the period	555,017	245,633

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2017 - unaudited

Note	At 30 June 2017 HK$'000	At 31 December 2016 HK$'000
Non-current assets Property, plant and equipment	1,819,591	1,713,858
Interests in leasehold land held for own use under operating leases	122,469	120,684
1,942,060	1,834,542
Intangible assets	3,892,024	2,975,814
Interest in a joint venture	52,517	33,651
Other receivables, deposits and prepayments	8	400,360	252,150
Gross amounts due from customers for contract work	9	1,111,830	761,700
Deferred tax assets	24,940	21,127
7,423,731	5,878,984
Current assets Inventories	66,033	46,113
Debtors, other receivables, deposits and prepayments	8	799,658	498,455
Gross amounts due from customers for contract work	9	105,934	43,804
Tax recoverable	2,870	4,051
Pledged bank deposits	154,818	88,875
Deposits with banks	1,034,674	17,055
Cash and cash equivalents	10	2,698,873	886,210
4,862,860	1,584,563