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Yadea Group Holdings Ltd.雅迪集團控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1585) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2017The board (the "Board") of directors (the "Directors") of Yadea Group Holdings Ltd. (the "Company") is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended June 30, 2017 (the "Reporting Period"), together with the comparative figures for the corresponding period in 2016 as follows:
FINANCIAL HIGHLIGHTSFor the Reporting Period:
•
Revenue increased by approximately 10.8% to approximately RMB3,254.5 million as
compared with the corresponding period in 2016.
•
Gross profit decreased by approximately 21.6% to approximately RMB493.9 million
as compared with the corresponding period in 2016.
•
Profit attributable to ordinary equity holders of the parent decreased by approximately
3.3% to approximately RMB171.6 million as compared with the corresponding period in 2016.
•
Basic and diluted earnings per share decreased as compared with the corresponding
period in 2016.
REVENUE | Notes 4(a) | RMB'000 3,254,454 | RMB'000 2,937,686 |
Cost of sales | 5(a) | (2,760,581) | (2,307,494) |
Gross profit | 493,873 | 630,192 | |
Other income and gains, net | 4(b) | 85,704 | 38,305 |
Selling and distribution expenses | (165,304) | (238,437) | |
Administrative expenses | (198,157) | (201,570) | |
Finance costs | 6 | - | (134) |
Profit before tax | 5 | 216,116 | 228,356 |
Income tax expense | 7 | (44,525) | (50,855) |
Profit for the period | 171,591 | 177,501 | |
Profit attributable to: Owners of the parent | 171,591 | 177,501 |
Basic
For profit for the period (RMB) 9 0.06 0.08
Diluted
For profit for the period (RMB) 9 0.06 0.07
RMB'000 RMB'000
PROFIT FOR THE PERIOD 171,591 177,501 OTHER COMPREHENSIVE INCOMEOther comprehensive income to be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of foreign operations | (24,115) | 12,642 |
Net other comprehensive income to be reclassified to profit or loss in subsequent periods | (24,115) | 12,642 |
Owners of the parent 147,476 190,143
NON-CURRENT ASSETS | Notes | RMB'000 | RMB'000 |
Long term receivable | 182,259 | - | |
Property, plant and equipment | 710,656 | 732,980 | |
Prepaid land lease payments | 290,172 | 292,839 | |
Intangible assets | 16,776 | 16,966 | |
Available-for-sale investments | 14,683 | 14,683 | |
Prepayments | 53,328 | 59,413 | |
Deferred tax assets | 18,842 | 19,106 | |
Total non-current assets | 1,286,716 | 1,135,987 | |
CURRENT ASSETS | |||
Inventories | 10 | 213,348 | 205,000 |
Trade and bills receivables | 11 | 219,582 | 279,691 |
Prepayments, deposits and other receivables | 334,775 | 255,176 | |
Financial assets at fair value through profit or loss | 1,705,746 | 1,411,630 | |
Pledged bank deposits | 863,700 | 777,073 | |
Cash and cash equivalents | 1,197,904 | 1,801,405 | |
Total current assets | 4,535,055 | 4,729,975 | |
CURRENT LIABILITIES | |||
Trade and bills payables | 12 | 3,140,880 | 3,287,399 |
Other payables and accruals | 328,193 | 285,242 | |
Tax payable | 88,799 | 72,751 | |
Total current liabilities | 3,557,872 | 3,645,392 | |
Net current assets/(liabilities) | 977,183 | 1,084,583 | |
Total assets less current liabilities | 2,263,899 | 2,220,570 | |
Net assets | 2,263,899 | 2,220,570 | |
EQUITY | |||
Equity attributable to owners of the parent | |||
Share capital | 188 | 188 | |
Reserves | 2,263,711 | 2,220,382 | |
Total equity | 2,263,899 | 2,220,570 |
Yadea Group Holdings Ltd. published this content on 29 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 13:07:07 UTC.
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