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CAPINFO COMPANY LIMITED*首都信息發展股份有限公司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1075) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017 FINANCIAL SUMMARY OF THE GROUP•
Revenue of RMB323.5 million was recognized during the current interim period.
•
Profit attributable to owners of the Company was RMB19.6 million, which decreased by
RMB5.3 million as compared with the corresponding period of last year. The decrease of profit was mainly due to fair value loss of series C-2 preferred stock of Mozido Inc. held by the Group.
•
Basic earnings per share was RMB0.67 cents.
•
The board of directors does not recommend the payment of an interim dividend for the six
months ended 30 June 2017 (same period of 2016: Nil).
The board of directors (the "Board") of Capinfo Company Limited (the "Company") is pleased to announce the interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2017.
* For identification purpose only
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the six months ended 30 June 2017
Six months ended30 June 2017 | 30 June 2016 | ||
Note | RMB'000 (Unaudited) | RMB'000 (Unaudited) | |
Revenue | 323,540 | 334,589 | |
Cost of sales | (217,486) | (218,424) | |
Gross profit | 106,054 | 116,165 | |
Other income | 18,181 | 13,372 | |
Other gains and losses | (23,994) | (20,838) | |
Research and development costs | (19,550) | (13,341) | |
Marketing and promotional expenses | (32,407) | (34,141) | |
Administrative expenses | (35,605) | (38,981) | |
Finance costs | (2,865) | (23) | |
Share of results of associates | 8,637 | 4,557 | |
Profit before income tax | 18,451 | 26,770 | |
Income tax credit/(expense) | 5 | 1,360 | (2,011) |
Profit for the period | 6 | 19,811 | 24,759 |
Profit and total comprehensive income for the period attributable to - Owners of the Company | 19,557 | 24,895 | |
- Non-controlling interests | 254 | (136) | |
19,811 | 24,759 |
Basic RMB0.67 cents RMB0.86 cents
Diluted RMB0.67 cents RMB0.86 cents
As at 30 June 2017
30 June 201731 December
2016
Note RMB'000 RMB'000
(Unaudited) (Audited) Non-current assetsProperty, plant and equipment | 9 | 177,518 | 167,645 |
Investment property | 9 | 43,397 | 45,283 |
Goodwill | 184,598 | 184,598 | |
Intangible assets | 18,442 | 21,695 | |
Prepaid lease payments Deposits paid on acquisition of property, plant and equipment | 18,182 9,056 | 25,322 1,730 | |
Interests in associates | 132,474 | 130,134 | |
Financial assets at fair value through profit or loss | 151 | 3,565 | |
Available-for-sale investments | 971 | 971 | |
Trade receivables | 10 | 5,763 | 25,123 |
Deferred tax assets | 31,030 | 28,737 | |
621,582 | 634,803 | ||
Current assets Inventories | 29,965 | 23,116 | |
Prepaid lease payments | 10,256 | 7,373 | |
Trade and other receivables | 10 | 431,697 | 374,790 |
Amounts due from customers for contract works | 95,633 | 96,661 | |
Amounts due from related parties | 26,069 | 37,150 | |
Financial assets at fair value through profit or loss | 17,000 | - | |
Bank deposits | 33,848 | 61,135 | |
Bank balances and cash | 471,721 | 510,063 | |
1,116,189 | 1,110,288 |
As at 30 June 2017
30 June 2017 | 31 December 2016 | ||
Note | RMB'000 (Unaudited) | RMB'000 (Audited) | |
Current liabilities Trade and other payables | 11 | 308,192 | 359,363 |
Other financial liabilities | 32,491 | 30,336 | |
Amounts due to related parties | 36,780 | 20,942 | |
Amounts due to customers for contract works | 338,969 | 291,362 | |
Loan from government | 900 | 900 | |
Income tax payable | 13,301 | 23,974 | |
730,633 | 726,877 | ||
Net current assets | 385,556 | 383,411 | |
Total assets less current liabilities | 1,007,138 | 1,018,214 | |
Non-current liability Other financial liabilities | 10,596 | 9,894 | |
Net assets | 996,542 | 1,008,320 | |
Capital and reserves Share capital | 12 | 289,809 | 289,809 |
Share premium and reserves | 674,896 | 686,928 |