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.
ZHONG AN REAL ESTATE LIMITED眾安房產有限公司
(incorporated in the Cayman Islands with limited liability)
(Stock code: 672) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2016 FINANCIAL HIGHLIGHTS Unaudited For the six-month period ended 30 June 2016(RMB'
million)
2015
(RMB'
million)
Percentage
of increase
Revenue
1,889.7832.2
127.1%
Profit for the period
34.51.1
3,036.4%
Profit/(loss) attributable to owners of the parent
Earnings per share attributable to ordinary equity holders of the parent (RMB) 24.1(15.0)
1 cent(1) cent
The board (the "Board") of directors (the "Directors") of Zhong An Real Estate Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (together, the "Group") for the six-month period ended 30 June 2016 (the "period under review") together with the comparative amounts for the corresponding period in 2015.
INTERIM CONSOLIDATED INCOME STATEMENT | For the six-month | |
Notes | period ended 30 June 2016 2015 RMB'000 RMB'000 (Unaudited) (Unaudited) | |
Revenue | 4 | 1,889,749 832,151 |
Cost of sales | (1,612,858) (669,489) | |
Gross profit | 276,891 162,662 | |
Other income and gains | 4 | 21,450 114,658 |
Selling and distribution costs | (83,847) (64,041) | |
Administrative expenses | (152,071) (139,663) | |
Other expenses | (3,509) (1,657) | |
Changes in fair value of investment properties | 16,057 26,978 | |
Finance costs | (12,370) (22,706) | |
Share of losses of joint ventures | (3) (1,147) | |
Profit before tax | 5 | 62,598 75,084 |
Income tax expenses | 6 | (28,105) (73,976) |
Profit for the period | 34,493 1,108 | |
Attributable to: Owners of the parent | 24,124 (15,043) | |
Non-controlling interests | 10,369 16,151 | |
34,493 1,108 | ||
Earnings per share attributable to owners of the parent (RMB) | 7 | |
Basic | 1 cent (1) cent | |
Diluted | 1 cent (1) cent |
RMB'000 RMB'000
(Unaudited) (Unaudited) Profit for the period 34,493 1,108Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Exchange differences on translation of the
profit or loss in subsequent periods | 8,932 | (18,457) |
Total comprehensive income/(loss) for the period | 43,425 | (17,349) |
Attributable to: Owners of the parent | 33,056 | (33,500) |
Non-controlling interests | 10,369 | 16,151 |
43,425 | (17,349) |
financial statements of foreign subsidiaries 8,932 (18,457) Net other comprehensive income/(loss) to be reclassified to
INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITIONNotes | 30 June 2016 RMB'000 (Unaudited) | 31 December 2015 RMB'000 (Audited) | |
NON-CURRENT ASSETS Property and equipment | 173,076 | 182,711 | |
Investment properties | 5,279,000 | 5,244,100 | |
Properties under development | 4,550,708 | 4,588,912 | |
Available-for-sale investments | 28,300 | 3,300 | |
Investments in joint ventures | 771 | 774 | |
Long term prepayments | 515,754 | 359,321 | |
Restricted cash | 117,050 | 90,100 | |
Deferred tax assets | 164,964 | 184,258 | |
Total non-current assets | 10,829,623 | 10,653,476 | |
CURRENT ASSETS Completed properties held for sale | 7,518,136 | 4,506,299 | |
Properties under development | 1,564,143 | 4,661,802 | |
Inventories | 11,406 | 10,628 | |
Trade and bills receivables | 8 | 92,961 | 72,198 |
Prepayments, deposits and other receivables | 598,888 | 537,972 | |
Equity investment at fair value through profit or loss | 493 | 558 | |
Restricted cash | 362,780 | 162,216 | |
Cash and cash equivalents | 919,927 | 1,454,458 | |
Investment property classified as held for sale | 19,500 | 29,800 | |
Total current assets | 11,088,234 | 11,435,931 | |
CURRENT LIABILITIES Trade payables | 9 | 2,009,301 | 2,320,479 |
Other payables and accruals | 662,335 | 782,531 | |
Advances from customers | 3,848,587 | 3,569,147 | |
Interest-bearing bank and other borrowings | 2,193,160 | 2,213,181 | |
Tax payable | 651,003 | 677,684 | |
Total current liabilities | 9,364,386 | 9,563,022 | |
NET CURRENT ASSETS | 1,723,848 | 1,872,909 | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 12,553,471 | 12,526,385 |
Zhong An Real Estate Limited published this content on 26 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 August 2016 12:19:05 UTC.
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