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Shuanghua Holdings Limited雙樺控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1241) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017The Board of Directors (the "Board") of Shuanghua Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces the unaudited condensed consolidated results of the Company for the six months ended 30 June 2017 together with comparative figures as follows. These interim financial statements have not been audited, but have been reviewed by the Audit Committee of the Company.
REVENUE | 4 | 42,299 | 69,475 |
Cost of sales | (38,112) | (54,688) | |
Gross profit | 4,187 | 14,787 | |
Other income, gains and losses | 4 | 2,019 | 3,357 |
Selling and distribution costs | (2,103) | (5,407) | |
Administrative expenses | (10,231) | (12,550) | |
Other expenses | (542) | (135) | |
(LOSS)/PROFIT BEFORE TAX | 5 | (6,670) | 52 |
Income tax expense | 6 | (657) | (3,412) |
LOSS FOR THE PERIOD | (7,327) | (3,360) | |
OTHER COMPREHENSIVE INCOME Items that may be reclassified subsequently |
to profit or loss:
Exchange differences on translation of
foreign operations (9) 9
Net movement in fair value reserve for available-
for-sale investment | 864 | - |
OTHER COMPREHENSIVE INCOME | 855 | 9 |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | (6,472) | (3,351) |
LOSS FOR THE PERIOD ATTRIBUTABLE TO: Owners of the Company Non-controlling interests | (7,327) - | (3,360) - |
(7,327) | (3,360) |
Owners of the Company (6,472) (3,351)
Non-controlling interests - -
(6,472) (3,351) LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANYBasic and diluted 7 (1.13 cents) (0.52 cents)
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAs at 30 June 2017
Notes | 30 June 2017 RMB'000 (Unaudited) | 31 December 2016 RMB'000 (Audited) | |
NON-CURRENT ASSETS Property, plant and equipment | 91,677 | 95,382 | |
Prepaid land lease payments | 64,316 | 65,231 | |
Available-for-sale investment | 9,755 | 8,891 | |
Deferred tax assets | 6,626 | 7,031 | |
Total non-current assets | 172,374 | 176,535 | |
CURRENT ASSETS Inventories | 39,214 | 43,204 | |
Trade and notes receivables | 9 | 57,392 | 65,767 |
Prepayments, deposits and other receivables Financial assets at fair value through profit or loss | 6,177 36,000 | 7,787 59,000 | |
Pledged deposits | 2,500 | - | |
Cash and cash equivalents | 131,129 | 95,818 | |
Total current assets | 272,412 | 271,576 | |
CURRENT LIABILITIES Trade and bills payables | 10 | 33,443 | 27,297 |
Other payables and accruals | 14,056 | 15,881 | |
Provision | 1,081 | 1,355 | |
Government grants | 2,021 | 2,021 | |
Tax payable | 618 | 515 | |
Total current liabilities | 51,219 | 47,069 | |
NET CURRENT ASSETS | 221,193 | 224,507 | |
TOTAL ASSETS LESS CURRENT LIABILITIES | 393,567 | 401,042 |