BEIJING ENTERPRISES HOLDINGS LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Hong Kong with limited liability)
(Stock Code: 392)
Overseas Regulatory Announcement Results of a SubsidiaryThis announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
Beijing Yanjing Brewery Co., Ltd. ("Yanjing Beer"), a subsidiary of Beijing Enterprises Holdings Limited (the "Company"), has announced its unaudited financial results for the six months ended 30 June 2017 on the website of the Shenzhen Stock Exchange (http://www.szse.cn). The financial statements of Yanjing Beer have been prepared in conformity with "Accounting Standard for Enterprises" of the PRC.
A summary of the financial results of Yanjing Beer is provided below:
Income Statement For the six months ended 30 June | |||
2017 Unaudited | 2016 Unaudited | ||
(RMB '000) | (RMB '000) | Change | |
Revenue | 6,338,434 | 6,293,680 | +0.71% |
Profit before Tax | 700,612 | 646,998 | +8.29% |
Profit Tax | (171,980) | (163,055) | +5.47% |
Profit for the Period | 528,632 | 483,943 | +9.23% |
Profit Attributable to the shareholders of Yanjing Beer | 491,611 | 451,921 | +8.78% |
Balance Sheet | |||
As at 30 June 2017 Unaudited | As at 31 December 2016 Audited | ||
(RMB '000) | (RMB '000) | Change | |
Total Assets | 19,015,221 | 18,255,191 | +4.16% |
Total Liabilities | 4,811,597 | 4,574,784 | +5.18% |
Total Equity | 14,203,624 | 13,680,407 | +3.82% |
Beijing Enterprises Holdings Limited is a company incorporated in Hong Kong with limited liability, the shares of which are listed on the main board of the Stock Exchange (stock code: 392). Beijing Enterprises Holdings Limited and its subsidiaries are principally engaged in natural gas operations, brewery operations, water and environmental businesses, as well as solid waste treatment operations in the PRC.
Yanjing Beer is a company incorporated in the PRC with limited liability, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000729). Yanjing Beer is principally engaged in beer brewing and production of beverages including mineral water, etc and sales of related products.
As at 30 June 2017, Beijing Enterprises Holdings Limited indirectly holds approximately 79.77% equity interest in Beijing Yanjing Brewery Investment Co., Ltd.* (北京燕京啤酒投資有限公司), while the latter directly holds approximately 57.4% equity interest in Yanjing Beer. Yanjing Beer is an indirect non-wholly owned subsidiary of Beijing Enterprises Holdings Limited.
Shareholders should note that the above financial results pertain only to Yanjing Beer. The financial results have been consolidated in the accounts of the Company after adjustments in accordance with all applicable Hong Kong Financial Reporting Standards. Public investors and shareholders of the Company should exercise caution when dealing in its securities.
By Order of the Board
Beijing Enterprises Holdings Limited Tam Chun FaiExecutive Director
Hong Kong, 28 August 2017
As at the date of this announcement, the board of directors of the Company comprises Mr. Wang Dong (Chairman), Mr. Hou Zibo, Mr. Zhou Si, Mr. Li Fucheng, Mr. Li Yongcheng, Mr. E Meng, Mr. Jiang Xinhao and Mr. Tam Chun Fai as executive directors; Mr. Wu Jiesi, Mr. Lam Hoi Ham, Mr. Sze Chi Ching, Dr. Yu Sun Say and Mr. Ma She as independent non-executive directors.
* For identification purposes only
BEHL - Beijing Enterprises Holdings Ltd. published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2017 08:57:01 UTC.
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