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 2025
Page
Unaudited condensed interim consolidated statements of profit or loss and other 3
comprehensive income
Unaudited condensed interim consolidated statements of financial position 4
Unaudited condensed interim consolidated statements of changes in equity 5
Unaudited condensed interim consolidated statements of cash flows 7
Notes to the unaudited condensed interim consolidated financial statements 8
Other information required by Listing Rule Appendix 7.2 19
-
Unaudited condensed interim consolidated statements of profit or loss and other comprehensive income
The Group
6 months ended
6 months ended
Increase /
30 June 2025
30 June 2024
(Decrease)
Note
RMB'000
RMB'000
%
Revenue
4.2
106,125
103,405
2.6%
Cost of sales
(38,935)
(31,326)
24.3%
Gross profit
67,190
72,079
(6.8%)
Other income
6.1
2,225
3,662
(39.2%)
Other gains/(losses) - net
6.1
17,717
(51,441)
n.m.
Marketing expenses
(6,132)
(7,241)
(15.3%)
Administrative expenses
(47,992)
(37,569)
27.7%
Finance expenses
(68,396)
(79,067)
(13.5%)
Loss before income tax
(35,388)
(99,577)
(64.5%)
Income tax
7
(52,611)
-
n.m.
Net loss for the financial period
(87,999)
(99,577)
(11.6%)
Other comprehensive (loss)/income
Item that may be reclassified to profit or loss in subsequent period (net of tax)
Currency translation differences arising from
consolidation, net
(45,996)
32,927
n.m.
Total comprehensive loss for the period
(133,995)
(66,650)
101.0%
Net (loss)/profit attributable to:
Equity holders of the Company
(88,215)
(99,696)
(11.5%)
Non-controlling interests
216
119
81.5%
(87,999)
(99,577)
(11.6%)
Total comprehensive (loss)/income attributable to:
Equity holders of the Company
(134,211)
(66,769)
101.0%
Non-controlling interests
216
119
81.5%
(133,995)
(66,650)
101.0%
Loss per share for net loss for the period attributable
to equity holders of the Company
Basic loss per share (RMB per share)
8(a)
(0.034)
(0.039)
Diluted loss per share (RMB per share)
8(b)
(0.034)
(0.039)
n.m. - not meaningful
-
Unaudited condensed interim consolidated statements of financial position
The Group The Company
30 June
31 December
30 June
31 December
2025
2024
2025
2024
Note
RMB'000
RMB'000
RMB'000
RMB'000
ASSETS
Current assets:
Development properties
11
906,572
917,331
-
-
Trade and other receivables
10
345,770
357,045
3,089,712
3,059,344
Cash and cash equivalents
146,795
108,413
27,249
34,396
1,399,137
1,382,789
3,116,961
3,093,740
Non-current assets:
Property, plant and equipment
12
41,655
43,750
395
746
Investments in subsidiaries
13
-
-
3,116,474
3,116,474
Investment properties
15
4,287,076
4,287,076
-
-
Financial asset, at fair value
through profit or loss ("FVPL")
14
-
-
-
-
4,328,731
4,330,826
3,116,869
3,117,220
Total assets
5,727,868
5,713,615
6,233,830
6,210,960
LIABILITIES
Current liabilities:
Trade and other payables
16
442,807
439,919
1,198,003
1,194,491
Current income tax liabilities
181,209
182,082
-
-
Borrowings
17
1,098,690
1,034,267
994,118
941,516
Provisions
18
395,948
395,948
-
-
2,118,654
2,052,216
2,192,121
2,136,007
Non-current liabilities:
Other payable - related party
16
346,424
307,018
346,424
307,018
Deferred income tax liabilities
457,824
406,571
-
-
Borrowings
17
1,210,528
1,201,483
386,568
388,236
2,014,776
1,915,072
732,992
695,254
Total liabilities
4,133,430
3,967,288
2,925,113
2,831,261
NET ASSETS
1,594,438
1,746,327
3,308,717
3,379,699
EQUITY
Capital and reserves attributable to equity
holders of the Company:
Share capital
19
4,028,372
4,028,372
4,028,372
4,028,372
Reverse acquisition reserve
(2,034,754)
(2,034,754)
-
-
Statutory common reserve
91,018
91,018
-
-
Perpetual convertible securities
878,970
878,970
878,970
878,970
Currency translation reserve
(196,923)
(150,927)
(96,651)
(55,036)
Accumulated losses
(1,164,053)
(1,057,944)
(1,501,974)
(1,472,607)
Equity attributable to equity holders of the
Company
1,602,630
1,754,735
3,308,717
3,379,699
Non-controlling interests
(8,192)
(8,408)
-
-
TOTAL EQUITY
1,594,438
1,746,327
3,308,717
3,379,699
P a g e | 5
- Unaudited condensed interim consolidated statements of changes in equity
The Group | Attributable to equity holders of the Company | Non-controlling interests RMB'000 | Total equity RMB'000 | ||||||
Share capital RMB'000 | Reverse acquisition reserve RMB'000 | Statutory common reserve RMB'000 | Perpetual convertible securities RMB'000 | Currency translation reserve RMB'000 | Accumulated losses RMB'000 | Sub-total RMB'000 | |||
Balance at 1 January 2025 | 4,028,372 | (2,034,754) | 91,018 | 878,970 | (150,927) | (1,057,944) | 1,754,735 | (8,408) | 1,746,327 |
Total comprehensive (loss)/ | |||||||||
income for the period | - | - | - | - | (45,996) | (88,215) | (134,211) | 216 | (133,995) |
Distribution on perpetual | |||||||||
convertible securities | - | - | - | - | - | (17,894) | (17,894) | - | (17,894) |
Balance at 30 June 2025 | 4,028,372 | (2,034,754) | 91,018 | 878,970 | (196,923) | (1,164,053) | 1,602,630 | (8,192) | 1,594,438 |
Balance at 1 January 2024 | 4,028,372 | (2,034,754) | 91,018 | 878,970 | (142,620) | (843,295) | 1,977,691 | (8,469) | 1,969,222 |
Total comprehensive | |||||||||
income/(loss) for the period | - | - | - | - | 32,927 | (99,696) | (66,769) | 119 | (66,650) |
Distribution on perpetual | |||||||||
convertible securities | - | - | - | - | - | (17,991) | (17,991) | - | (17,991) |
Balance at 30 June 2024 | 4,028,372 | (2,034,754) | 91,018 | 878,970 | (109,693) | (960,982) | 1,892,931 | (8,350) | 1,884,581 |