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佐 力 科 創 小 額 貸 款 股 份 有 限 公 司
Zuoli Kechuang Micro-finance Company Limited*
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 6866)
ANNOUNCEMENT OF INTERIM RESULTS
FOR THE SIX MONTHS ENDED 30 JUNE 2017
The board (the ''Board'') of directors (the ''Directors'') of 佐力科創小額貸款股份有限公司 (Zuoli Kechuang Micro-finance Company Limited*) (the ''Company'') is pleased to announce the unaudited results of the Company and its subsidiaries (the ''Group'') for the six months ended 30 June 2017 (the ''Interim Results''), together with comparative figures for the corresponding period, prepared in accordance with the Hong Kong Financial Reporting Standards promulgated by the Hong Kong Institute of Certified Public Accountants. The Board and the audit committee of the Company (the ''Audit Committee'') have reviewed and confirmed the Interim Results.
INTERIM RESULTS
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the six months ended 30 June 2017 - unaudited
(Expressed in Renminbi (''RMB'') '000, unless otherwise stated)
Six months ended 30 June
Note | 2017 RMB'000 | 2016 RMB'000 | |
Interest income | 144,684 | 118,268 | |
Interest and commission expenses | (22,160) | (4,948) | |
Net interest income | 3 | 122,524 | 113,320 |
Other net income | 4 | 3,689 | 19 |
(Charge)/reversal of impairment losses | (1,294) | 596 | |
Administrative expenses | (23,517) | (18,793) | |
Profit before taxation | 5 | 101,402 | 95,142 |
Income tax | 6 | (26,570) | (23,826) |
Profit and total comprehensive income for the period | 74,832 | 71,316 | |
Attributable to: Equity shareholders of the Company | 71,241 | 70,895 | |
Non-controlling interests | 3,591 | 421 | |
Profit for the period | 74,832 | 71,316 | |
Earnings per share | |||
Basic and diluted (RMB) | 7 | 0. 06 | 0.06 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
At 30 June 2017 - unaudited
(Expressed in RMB'000, unless otherwise stated)
Note | At 30 June 2017 RMB'000 | At 31 December 2016 RMB'000 | |
Assets Cash and cash equivalents | 8 | 128,027 | 29,208 |
Restricted deposits | 15,000 | 15,000 | |
Interest receivables | 15,219 | 19,033 | |
Loans and advances to customers | 9 | 1,983,906 | 1,807,164 |
Fixed assets | 10 | 20,022 | 18,983 |
Intangible assets | 1,861 | 36 | |
Goodwill | 22,502 | 22,502 | |
Deferred tax assets | 11 | 20,771 | 16,981 |
Available-for-sale financial assets | 12 | 30,220 | 72,700 |
Other assets | 13 | 28,988 | 31,659 |
Total assets | 2,266,516 | 2,033,266 | |
Liabilities Interest-bearing borrowings | 14 | 487,508 | 250,000 |
Accruals and other payables | 15 | 28,188 | 28,833 |
Current taxation | 32,507 | 11,575 | |
Debt securities issued | 16 | 179,464 | 278,283 |
Total liabilities | 727,667 | 568,691 | |
NET ASSETS | 1,538,849 | 1,464,575 | |
CAPITAL AND RESERVES Share capital | 17 | 1,180,000 | 1,180,000 |
Reserves | 260,365 | 189,124 | |
Total equity attributable to equity shareholders of the Company | 1,440,365 | 1,369,124 | |
Non-controlling interests | 98,484 | 95,451 | |
TOTAL EQUITY | 1 ,538,849 | 1,464,575 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
For the six months ended 30 June 2017 - unaudited (Expressed in RMB'000, unless otherwise stated)
Att r ib ut ab le to eq ui ty sha r e h o l de rs of th e C om pan y
Non-
Share capital
Surplus reserve
General reserve
Retained
profits Total
controlling interests
Total equity
RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000
Note 17(b)
Note 17(c)(i)
Note 17(c)(ii)
Balance at 1 January 2016 1,18 0,000 1 3 ,508 10 ,984 183 , 685 1,388 ,177 7 , 4 1 6 1 ,3 95,5 9 3
Changes in equity for the
six months ended 30 June 2016:
Profit and total comprehensive income
for the period - - - 70,895 70,895 421 71,316 Dividends approved in respect of
the previous years
(Note 17(a)) - - - ( 165 ,200) ( 165 ,200) - (1 65,2 0 0)
Balance at 30 June 2016 1,18 0,000 1 3 ,508 10 ,984 89 , 380 1,293 ,872 7 , 8 3 7 1 ,3 01,7 0 9
Balance at 30 June 2016 and
1 July 2016 1,18 0,000 1 3 ,508 10 ,984 89 , 380 1,293 ,872 7 , 8 3 7 1 ,3 01,7 0 9
Changes in equity for the
six months ended 31 December 2016:
Acquisition of subsidiary - - - - - 83,646 83,646 Profit and total comprehensive income
for the period - - - 75,252 75,252 3,968 79,220 Appropriation to surplus reserve - 11,614 - (11,614) - - - Appropriation to general reserve - - 24 ,797 (24 , 797) - - -
Balance at 31 December 2016 1,18 0,000 2 5 ,122 35 ,781 128 ,221 1,369 ,124 95 ,4 51 1 , 4 64,5 7 5
Zuoli Kechuang Micro-finance Co. Ltd. published this content on 17 August 2017 and is solely responsible for the information contained herein.
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