Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED*
新 天 綠 色 能 源 股 份 有 限 公 司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00956)
VOLUNTARY ANNOUNCEMENT
ISSUANCE OF MEDIUM-TERM NOTES BY A SUBSIDIARY
Reference is made to the announcement of China Suntien Green Energy Corporation Limited* (the "Company") dated 27 November 2017 (the "Announcement"), announcing that HECIC New-energy Co., Ltd. ("HECIC New-energy"), a subsidiary of the Company received the Notice of Acceptance of Registration (Zhong Shi Xie Zhu No.[2017] MTN620) (the "Notice of Acceptance of Registration") from the National Association of Financial Market Institutional Investors, pursuant to which HECIC New-energy's registration for issuance of RMB2.0 billion medium-term notes was accepted, and HECIC New-energy was permitted to issue the notes by batch within the term of registration, being two years from the date of the Notice of Acceptance of Registration.
HECIC New-energy recently applied for the issuance of the 2019 first tranche of medium-term notes (the "Medium-TermNotes"). The offering size of the Medium-Term Notes will be RMB300 million and the term will be three years. The notes will be issued at nominal value of RMB100 per unit and coupon rate will be determined by the results of book-building. The proceeds raised from the Medium-Term Notes will be primarily used for repayment of borrowings from financial institutions for the HECIC New- energy and its subsidiaries and improve direct financing ratio and financing structure. The unaudited financial statements of HECIC New-energy for the six months ended 30 June 2019 were prepared in accordance with the generally accepted accounting principles of the People's Republic of China, details of which are attached hereto for reference purpose only.
The Company hereby reminds the investors that, as such application of the Medium-Term Notes depends on the approval of the National Association of Financial Market Institutional Investors, there is currently no guarantee that the Medium-Term Notes can be circulated and transferred in the domestic bond market among banks as expected. Shareholders and potential investors of the Company are advised to exercise caution in dealing in the securities of the Company.
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The Company hereby also reminds the investors that, the unaudited financial statements of HECIC New- energy for the six months ended 30 June 2019 set out in this announcement are based on the unaudited management account and have not been reviewed or audited by the Company's auditors. Investors should not place undue reliance on the aforesaid information and are advised to exercise caution in dealing in the securities of the Company.
By order of the Board of Directors
China Suntien Green Energy Corporation Limited
Mei Chun Xiao
Executive Director and President
Shijiazhuang City, Hebei Province, the PRC, 16 August 2019
As at the date of this announcement, the non-executive directors of the Company are Dr. Cao Xin, Dr. Li Lian Ping, Mr. Qin Gang and Mr. Wu Hui Jiang; the executive directors of the Company are Mr. Mei Chun Xiao and Mr. Wang Hong Jun; and the independent non-executive directors of the Company are Mr. Xie Wei Xian, Mr. Wan Yim Keung, Daniel and Dr. Lin Tao.
- For identification purpose only
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CONSOLIDATED BALANCE SHEET
Ji Jian Tou Monthly Statement No. 1 | |||||||
Prepared by: HECIC NEW-ENERGY CO., LTD. (Consolidated) | Date: 30 June 2019 | Unit: RMB | |||||
Items | Line | As at | As at | Items | Line | As at | As at |
Item | 30 June 2019 | 31 December 2018 | Item | 30 June 2019 | 31 December 2018 | ||
CURRENT ASSETS: | 1 | - | - | CURRENT LIABILITIES: | 59 | - | - |
Cash | 2 | 492,544,702.47 | 796,597,651.12 | Short-term loans | 60 | 1,297,000,000.00 | 1,135,500,000.00 |
Clearing settlement funds | 3 | Loans from central bank | 61 | ||||
Lendings to banks and other | 4 | Deposits and amounts due to banks | 62 | ||||
financial institutions | |||||||
Financial assets at fair value | 5 | Loans from banks and other | 63 | ||||
through profit or loss | financial institutions | ||||||
Derivative financial assets | 6 | Financial liabilities at fair value | 64 | ||||
through profit or loss | |||||||
Bills receivables | 7 | 28,171,100.00 | Derivative financial liabilities | 65 | |||
Accounts receivables | 8 | 2,115,510,374.43 | 1,685,827,084.85 | Bills payable | 66 | 64,640,000.00 | 59,640,000.00 |
Advances to suppliers | 9 | 703,938,714.13 | 349,512,313.96 | Accounts payable | 67 | 998,816,743.40 | 148,123,913.17 |
Premium receivables | 10 | Advances from customers | 68 | ||||
Receivables from reinsurers | 11 | Financial assets sold under agreements | 69 | ||||
to repurchase | |||||||
Reinsurance deposits receivables | 12 | Handling charges and commission | 70 | ||||
payables | |||||||
Interest receivable | 13 | Accrued salaries, wages and benefits | 71 | 22,491,027.62 | 2,556,485.23 | ||
Dividends receivable | 14 | 21,674,362.06 | 43,348,724.12 | Including: wages payable | 72 | 21,687,600.89 | 1,351,990.57 |
Other receivables | 15 | 26,233,632.22 | 23,114,255.72 | Benefits payable | 73 | ||
Financial assets purchased under | 16 | Including: Bonus and benefit fund | 74 | ||||
agreements to resell | for staff | ||||||
Inventories | 17 | 9,697,354.81 | 13,575,785.76 | Tax payables | 75 | 57,134,363.82 | 40,954,570.35 |
Including: raw materials | 18 | 9,697,354.81 | 13,575,785.76 | Including: tax payable | 76 | 45,252,721.11 | 29,389,010.37 |
Stock inventory (finished products) | 19 | Interest payable | 77 | 84,841,373.51 | 53,449,593.61 | ||
Assets classified as held for sale | 20 | Dividends payables | 78 | 35,299,521.85 | 24,857,240.80 | ||
Issued short-term entrusted loan and | 21 | Other payables | 79 | ||||
repayment | 22,447,363.72 | 1,110,489,651.22 | |||||
Non-current assets due within one year | 22 | Dividend payable for reinsurzance | 80 | ||||
Other current assets | 23 | 346,794,692.61 | 428,081,938.69 | Insurance deposits payables | 81 |
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Items
Total current assets
NON-CURRENT ASSETS:
Issued loan and prepayment
Issued long-term entrusted loan and prepayment
Available-for-sale financial assets
Held-to-maturity investments
Long-term receivables
Long-term equity investments
Investment properties
Original price of fixed assets
Less: accumulated depreciations
Net value of fixed assets
Less: provision for fixed assets impairment
Net amount of fixed assets
Construction in progress
Construction materials
Disposal of fixed assets
Biological assets for production use
Oil and gas assets
Intangible assets
Development expenses
Goodwill
Long-term deferred expenses
Deferred income tax assets
Other non-current assets
Total non-current assets
Line | As at | As at | Items | Line | As at | As at |
Item | 30 June 2019 | 31 December 2018 | Item | 30 June 2019 | 31 December 2018 | |
24 | 3,744,564,932.73 | 3,340,057,754.22 | Securities trading fees | 82 | ||
25 | - | - | Securities selling fees | 83 | ||
26 | Liabilities classified as held for sale | 84 | ||||
27 | Non-current liabilities due within one year | 85 | 1,059,270,044.98 | 1,079,379,424.05 | ||
28 | Other current liabilities | 86 | 47,325,376.00 | 45,055,280.00 | ||
29 | Total current liabilities | 87 | 3,689,265,814.90 | 3,700,006,158.43 | ||
30 | NON-CURRENT LIABILITIES: | 88 | - | - | ||
31 | 411,268,700.24 | 384,488,146.29 | Long-term loans | 89 | 7,289,966,398.67 | 7,087,172,021.56 |
32 | Debentures payables | 90 | 1,700,000,000.00 | 1,700,000,000.00 | ||
33 | 16,500,455,425.19 | 15,743,230,722.57 | Long-term payables | 91 | 126,875,000.00 | 271,125,000.00 |
34 | 4,359,245,866.96 | 3,966,752,723.16 | Long-term employee benefits payable | 92 | ||
35 | 12,141,209,558.23 | 11,776,477,999.41 | Special payables | 93 | ||
36 | Provisions | 94 | ||||
37 | 12,141,209,558.23 | 11,776,477,999.41 | Deferred income | 95 | 467,999.98 | 520,000.00 |
38 | 1,029,948,052.55 | 1,475,068,129.12 | Deferred income tax liabilities | 96 | ||
39 | 11,109,405.48 | Other non-current liabilities | 97 | 3,739,473.99 | 3,931,052.91 | |
40 | Total non-current liabilities | 98 | 9,121,048,872.64 | 9,062,748,074.47 | ||
41 | Total liabilities | 99 | 12,810,314,687.54 | 12,762,754,232.90 | ||
42 | Owner's equity (or shareholder equity): | 100 | - | - | ||
43 | 1,954,523,206.95 | 2,006,590,229.48 | Issued share capital (share capital) | 101 | 4,317,300,000.00 | 4,067,300,000.00 |
44 | Other equity instruments | 102 | ||||
45 | 2,372,010.00 | 2,372,010.00 | Including: Preferred shares | 103 | ||
46 | 8,343,236.61 | 5,300,641.10 | Perpetual bonds | 104 | ||
47 | 24,429,633.72 | 25,759,696.25 | Capital reserves | 105 | ||
48 | Less: Treasury shares | 106 | ||||
49 | 15,583,203,803.78 | 15,676,056,851.65 | Other comprehensive income | 107 | ||
50 | Including: exchange differences on | 108 | ||||
foreign currency translation | ||||||
51 | Special reserves | 109 | ||||
52 | Surplus reserves | 110 | 211,762,901.02 | 211,762,901.02 | ||
53 | Provision for general risks | 111 | ||||
54 | Undistributed profit | 112 | 924,102,396.78 | 929,532,733.39 | ||
Items | Line | As at | As at | Items | Line | As at | As at | |
Item | 30 June 2019 | 31 December 2018 | Item | 30 June 2019 | 31 December 2018 | |||
55 | Total equity attributable to owners | 113 | ||||||
of the parent company | 5,453,165,297.80 | 5,208,595,634.41 | ||||||
56 | * Minority interests | 114 | 1,064,288,751.17 | 1,044,764,738.56 | ||||
57 | Total owners' equity | 115 | 6,517,454,048.97 | 6,253,360,372.97 | ||||
Total assets | 58 | 19,327,768,736.51 | 19,016,114,605.87 | Total liabilities and owners' equity | 116 | 19,327,768,736.51 | 19,016,114,605.87 |
Note: Items marked with "*" are specifically used in the consolidated accounting statements; items marked with " " are specifically used by financial enterprises; items
marked with "#" are specifically used by foreign invested enterprises.
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