Ying Li International Real Estate LimitedSGX: 5DM

1H 2023 Results SGXNet Announcement

· Issued by Ying Li International Real Estate Limited

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Ying Li International Real Estate Limited

(Incorporated in the Republic of Singapore)

(Company Registration No.: 199106356W)

Unaudited Condensed Interim Consolidated Financial Statements

For the six months ended 30 June 2023

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Table of Contents

Page

A.

Unaudited condensed interim consolidated statements of profit or loss and other

3

comprehensive income

B.

Unaudited condensed interim consolidated statements of financial position

4

C.

Unaudited condensed interim consolidated statements of changes in equity

5

D.

Unaudited condensed interim consolidated statements of cash flows

7

E.

Notes to the unaudited condensed interim consolidated financial statements

8

F.

Other information required by Listing Rule Appendix 7.2

19

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  1. Unaudited condensed interim consolidated statements of profit or loss and other comprehensive income

The Group

6 months ended

6 months ended

Increase /

Note

30 June 2023

30 June 2022

(Decrease)

RMB'000

RMB'000

%

Revenue

4.2

99,029

87,657

13.0%

Cost of sales

(28,993)

(22,079)

31.3%

Gross profit

70,036

65,578

6.8%

Other income

6.1

9,238

5,334

73.2%

Other gains/(losses) - net

6.1

4,167

(31,610)

n.m.

Marketing expenses

(6,726)

(12,768)

(47.3%)

Administrative expenses

(33,237)

(42,882)

(22.5%)

Finance expenses

(77,138)

(66,842)

15.4%

Loss before taxation

7

(33,660)

(83,190)

(59.5%)

Taxation

-

(42)

(100.0%)

Net loss for the financial period

(33,660)

(83,232)

(59.6%)

Other comprehensive loss

Item that may be reclassified to profit or loss in

subsequent period (net of tax)

Currency translation differences arising from

consolidation, net

(45,062)

(12,419)

262.8%

Total comprehensive loss for the period

(78,722)

(95,651)

(17.7%)

Net (loss)/profit attributable to:

Equity holders of the Company

(35,307)

(83,030)

(57.5%)

Non-controlling interests

1,647

(202)

n.m.

(33,660)

(83,232)

(59.6%)

Total comprehensive (loss)/profit attributable to:

(80,369)

(95,449)

(15.8%)

Equity holders of the Company

Non-controlling interests

1,647

(202)

n.m.

(78,722)

(95,651)

(17.7%)

Loss per share for net loss for the period attributable

to equity holders of the Company

Basic loss per share (RMB)

8(a)

(0.014)

(0.032)

Diluted loss per share (RMB)

8(b)

(0.014)

(0.032)

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  1. Unaudited condensed interim consolidated statements of financial position

Note

ASSETS

Current assets:

11

Development properties

Trade and other receivables

10

Cash and cash equivalents

Non-current assets:

12

Property, plant and equipment

Investments in subsidiaries

13

Investment properties

15

Financial asset, at fair value

through profit or loss ("FVPL")

14

Total assets

LIABILITIES

Current liabilities:

16

Trade and other payables

Current income tax liabilities

17

Borrowings

Provisions

18

Non-current liabilities:

Other payables - related party

Deferred income tax liabilities

17

Borrowings

Total liabilities

NET ASSETS

EQUITY

Capital and reserves:

19

Share capital

Reverse acquisition reserve

Statutory common reserve Convertible bonds reserve Perpetual convertible securities Currency translation reserve Accumulated losses

Equity attributable to equity holders of the Company Non-controlling interests

TOTAL EQUITY

The Group

The Company

30 June

31 December

30 June

31 December

2023

2022

2023

2022

RMB'000

RMB'000

RMB'000

RMB'000

962,488

964,622

-

-

391,091

440,931

2,630,665

2,685,426

390,384

370,773

1,901

2,677

1,743,963

1,776,326

2,632,566

2,688,103

49,630

50,745

1,888

17

-

-

3,116,474

3,116,474

4,094,073

4,094,253

-

-

210,000

210,000

-

-

4,353,703

4,354,998

3,118,362

3,116,491

6,097,666

6,131,324

5,750,928

5,804,594

392,412

428,771

1,466,614

1,435,719

179,845

179,647

-

-

583,471

513,963

480,185

573,585

442,644

421,907

-

-

1,598,372

1,544,288

1,946,799

2,009,304

249,949

224,092

249,949

224,092

365,181

365,181

-

-

1,945,017

1,962,000

-

-

2,560,147

2,551,273

249,949

224,092

4,158,519

4,095,561

2,196,748

2,233,396

1,939,147

2,035,763

3,554,180

3,571,198

4,028,372

4,028,372

4,028,372

4,028,372

(2,034,754)

(2,034,754)

-

-

91,018

91,018

-

-

42,458

42,458

42,458

42,458

878,970

878,970

878,970

878,970

(138,831)

(93,769)

(54,357)

(41,098)

(919,737)

(866,536)

(1,341,263)

(1,337,504)

1,947,496

2,045,759

3,554,180

3,571,198

(8,349)

(9,996)

-

-

1,939,147

2,035,763

3,554,180

3,571,198

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  1. Unaudited condensed interim consolidated statements of changes in equity

Reverse

Statutory

Convertible

Perpetual

Currency

Non-

Share

acquisition

common

bonds

convertible

translation

Accumulated

controlling

Total

The Group

capital

reserve

reserve

reserve

securities

reserve

losses

Sub-total

interests

equity

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

RMB'000

Balance at 1 January 2023

4,028,372

(2,034,754)

91,018

42,458

878,970

(93,769)

(866,536)

2,045,759

(9,996)

2,035,763

Total comprehensive loss

for the period

-

-

-

-

-

(45,062)

(35,307)

(80,369)

1,647

(78,722)

Distribution on perpetual

convertible securities

-

-

-

-

-

-

(17,894)

(17,894)

-

(17,894)

Balance at 30 June 2023

4,028,372

(2,034,754)

91,018

42,458

878,970

(138,831)

(919,737)

1,947,496

(8,349)

1,939,147

Balance at 1 January 2022

4,028,372

(2,034,754)

91,018

42,458

878,970

34,880

(942,839)

2,098,105

(4,530)

2,093,575

Total comprehensive loss

for the period

-

-

-

-

-

(12,419)

(83,030)

(95,449)

(202)

(95,651)

Distribution on perpetual

convertible securities

-

-

-

-

-

-

(142,669)

(142,669)

-

(142,669)

Balance at 30 June 2022

4,028,372

(2,034,754)

91,018

42,458

878,970

22,461

(1,168,538)

1,859,987

(4,732)

1,855,255