BELLE INTERNATIONAL 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.
BELLE INTERNATIONAL HOLDINGS LIMITED百百百百麗麗麗麗國國國國際際際際控控控控股股股股有有有有限限限限公公公公司司司司
(Incorporated in the Cayman Islands with limited liability) (Stock code: 1880)
ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2017
FINANCIAL HIGHLIGHTS Year ended 28 February 29 February 2017 2016Revenue | RMB million | 41,706.5 | 40,790.2 |
Operating profit | RMB million | 3,555.2 | 4,201.5 |
Operating profit before impairment of intangible assets | RMB million | 4,658.5 | 5,557.9 |
Income tax expense | RMB million | 1,596.9 | 1,596.1 |
Profit attributable to the Company's equity holders | RMB million | 2,403.4 | 2,934.1 |
Gross profit margin | % | 54.3 | 56.3 |
Operating profit margin | % | 8.5 | 10.3 |
Operating profit margin before impairment of intangible assets | % | 11.2 | 13.6 |
Profit margin attributable to the Company's equity holders Earnings per share | % | 5.8 | 7.2 |
- basic | RMB cents | 29.38 | 35.86 |
- diluted | RMB cents | 28.50 | 34.79 |
Dividend per share - interim, paid | RMB cents | 12.00 | 16.00 |
- final, proposed | RMB cents | 6.00 | 6.00 |
The board of directors (the "Board" or "Directors") of Belle International Holdings Limited (the "Company") is pleased to announce the audited consolidated annual results of the Company and its subsidiaries (collectively, the "Group") for the year ended 28 February 2017, together with comparative information, as follows:
CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2017 Year ended 28 February 201729 February
2016
Note RMB million RMB million
Revenue | 3 | 41,706.5 | 40,790.2 |
Cost of sales | (19,050.9) | (17,832.3) | |
───────── | ───────── | ||
Gross profit | 22,655.6 | 22,957.9 | |
Selling and distribution expenses | (14,415.4) | (14,345.8) | |
General and administrative expenses | (4,061.5) | (3,516.0) | |
Other income | 4 | 497.6 | 484.5 |
Other expenses | (17.8) | (22.7) | |
Impairment of intangible assets | (1,103.3) | (1,356.4) | |
───────── | ───────── | ||
Operating profit | 5 | 3,555.2 ---------------- | 4,201.5 ---------------- |
Finance income | 291.2 | 379.1 | |
Finance costs | (0.1) | (111.2) | |
───────── | ───────── | ||
Finance income, net | 6 | 291.1 ---------------- | 267.9 ---------------- |
Share of results of associates and a joint venture | 6.3 ---------------- | 71.8 ---------------- | |
Gains on partial disposal and dilution of interest in an associate | 160.3 ---------------- | - ---------------- | |
Profit before income tax | 4,012.9 | 4,541.2 | |
Income tax expense | 7 | (1,596.9) | (1,596.1) |
───────── | ───────── | ||
Profit for the year | 2,416.0 | 2,945.1 | |
═════════ | ═════════ | ||
Attributable to: Equity holders of the Company | 2,403.4 | 2,934.1 | |
Non-controlling interests | 12.6 | 11.0 | |
───────── | ───────── | ||
2,416.0 | 2,945.1 | ||
═════════ | ═════════ |
Company for the year - basic | 8 | RMB cents 29.38 | RMB cents 35.86 |
═════════ | ═════════ | ||
- diluted | 28.50 ═════════ | 34.79 ═════════ |
29 February
2016
RMB million RMB million
Profit for the year | 2,416.0 ---------------- | 2,945.1 ---------------- |
Other comprehensive income Items that may be subsequently reclassified to income statement: | ||
Exchange differences | 140.5 | 17.5 |
───────── | ───────── | |
Other comprehensive income for the year | 140.5 ---------------- | 17.5 ---------------- |
Total comprehensive income for the year | 2,556.5 | 2,962.6 |
═════════ | ═════════ | |
Attributable to: Equity holders of the Company | 2,543.9 | 2,951.6 |
Non-controlling interests | 12.6 | 11.0 |
───────── | ───────── | |
2,556.5 | 2,962.6 | |
═════════ | ═════════ |
CONSOLIDATED BALANCE SHEET AS AT 28 FEBRUARY 2017 | |||
As at 28 February | 29 February | ||
Note | 2017 RMB million | 2016 RMB million | |
ASSETS | |||
Non-current assets Property, plant and equipment | 4,670.7 | 4,561.3 | |
Land use rights | 1,533.0 | 1,525.3 | |
Investment properties | 236.9 | 241.6 | |
Intangible assets | 1,397.8 | 2,582.8 | |
Interests in associates and a joint venture | 883.5 | 946.2 | |
Available-for-sale financial assets | 181.4 | - | |
Long-term deposits, prepayments and other assets | 441.8 | 393.4 | |
Deferred income tax assets | 457.2 | 457.7 | |
───────── | ───────── | ||
9,802.3 ---------------- | 10,708.3 ---------------- | ||
Current assets Inventories | 7,876.9 | 6,877.4 | |
Trade receivables | 10 | 3,679.4 | 4,326.9 |
Deposits, prepayments and other receivables | 1,790.8 | 1,360.7 | |
Structured bank deposits | - | 4,629.8 | |
Term deposits with initial terms of over three months | 5,006.3 | 23.0 | |
Bank balances and cash | 3,589.9 | 3,128.7 | |
───────── | ───────── | ||
21,943.3 ---------------- | 20,346.5 ---------------- | ||
Total assets | 31,745.6 | 31,054.8 | |
═════════ | ═════════ |
Belle International Holdings Limited published this content on 15 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 May 2017 14:02:11 UTC.
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