CHINA BLUECHEMICAL LTD. 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.
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 03983) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016 FINANCIAL HIGHLIGHTSRevenue amounted to RMB3,878 million
Gross profit amounted to RMB101 million
Loss attributable to owners of the parent amounted to RMB124 million
Basic loss per share was RMB0.03
- UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS
For the six months ended 30 June 2016
Six months ended | ||||||
30 June 2016 | 30 June 2015 | |||||
(Unaudited) | (Unaudited) | |||||
Notes | RMB'000 | RMB'000 | ||||
Revenue | 4 | 3,877,567 | 4,745,343 | |||
Cost of sales | (3,776,642 | (3,818,599 | ||||
Gross profit | 100,925 | 926,744 | ||||
Other income and gains | 4 | 132,643 | 151,305 | |||
Selling and distribution costs | (176,506 | (188,158 | ||||
Administrative expenses | (189,734 | (186,333 | ||||
Other expenses | (4,805 | (8,239 | ||||
Change in fair value of obligation arising from a put option to a non-controlling shareholder | 5 | (1,519 | 3,796 | |||
Change in fair value of derivative financial instrument | 6 | (1,689 | 2,130 | |||
Gain recognised on expiry of the Put Option and Call Option | 6 | 53,822 | - | |||
Finance income | 3,557 | 4,811 | ||||
Finance costs | (71,659 | (14,834 | ||||
Exchange (losses)/gains, net | (11,392 | 8,069 | ||||
Share of losses of joint ventures | (609 | (97 | ||||
Share of losses of associates | (675 | (2,399 | ||||
Gain on loss of control of a subsidiary | 7 | 6,282 | - | |||
(Loss)/profit before tax | (161,359 | 696,795 | ||||
Income tax expenses | 8 | 19,339 | (156,004 | |||
(Loss)/profit for the period | 9 | (142,020 | 540,791 | |||
(Loss)/profit for the period attributable to: | ||||||
Owners of the parent | (124,077 | 504,984 | ||||
Non-controlling interests | (17,943 | 35,807 | ||||
(142,020 | 540,791 | |||||
(Loss)/earnings per share attributable to ordinary owners of the parent | ||||||
- Basic for the period (RMB) | 10 | (0.03 | 0.11 | |||
)
) ) ) ) ) CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFor the six months ended 30 June 2016
Six months ended | ||||||
30 June 2016 | 30 June 2015 | |||||
(Unaudited) | (Unaudited) | |||||
Notes | RMB'000 | RMB'000 | ||||
(Loss)/profit for the period | (142,020 | 540,791 | ||||
Other comprehensive income that may be reclassified subsequently to profit or loss | ||||||
Fair value gains on unlisted investments during the period | 114,384 | 135,355 | ||||
Less: Reclassification adjustment relating to disposal upon maturity | (114,384 | (135,355 | ||||
Exchange differences arising on translation | 9,546 | (13,293 | ||||
Cumulative translation loss release to profit or loss upon loss of control over a subsidiary | 7 | 37,191 | - | |||
Total comprehensive income for the period | (95,283 | 527,498 | ||||
Total comprehensive income for the period attributable to: | ||||||
Owners of the parent | (77,340 | 491,691 | ||||
Non-controlling interests | (17,943 | 35,807 | ||||
(95,283 | 527,498 | |||||
)
) ) ) ) CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITIONAt 30 June 2016
30 June 2016 | 31 December 2015 | |||
(Unaudited) | (Audited) | |||
Notes | RMB'000 | RMB'000 | ||
ASSETS | ||||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 9,395,135 | 9,783,087 | ||
Mining and exploration rights | 470,682 | 471,928 | ||
Prepaid lease payments | 11 | 610,901 | 619,087 | |
Intangible assets | 29,967 | 32,464 | ||
Investments in joint ventures | 12 | 279,374 | 212,449 | |
Investments in associates | 13 | 184,298 | 255,975 | |
Available-for-sale investments | 600 | 600 | ||
Deferred tax assets | 718,841 | 677,575 | ||
Other long-term prepayment | 12,000 | 12,000 | ||
11,701,798 | 12,065,165 | |||
CURRENT ASSETS | ||||
Inventories | 1,455,048 | 1,406,243 | ||
Trade receivables | 14 | 307,397 | 659,092 | |
Bills receivable | 14 | 64,536 | 124,820 | |
Prepayments, deposits and other receivables | 720,307 | 608,196 | ||
Pledged bank deposits | 4,059 | 4,059 | ||
Time deposits with original maturity over three months | - | 30,429 | ||
Cash and cash equivalents | 6,593,940 | 5,313,907 | ||
9,145,287 | 8,146,746 | |||
TOTAL ASSETS | 20,847,085 | 20,211,911 | ||
EQUITY AND LIABILITIES | ||||
CAPITAL AND RESERVES | ||||
Issued capital | 4,610,000 | 4,610,000 | ||
Reserves | 8,798,941 | 8,876,281 | ||
Proposed dividends | 15 | - | 368,800 | |
Equity attributable to owners of the parent | 13,408,941 | 13,855,081 | ||
Non-controlling interests | 1,000,462 | 1,026,493 | ||
TOTAL EQUITY | 14,409,403 | 14,881,574 | ||
China BlueChemical Ltd. published this content on 24 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2016 15:09:03 UTC.
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