CHINA SUNTIEN GREEN ENERGY CORPORATION 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.
CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED*新 天 綠 色 能 源 股 份 有 限 公 司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00956) UNAUDITED 2017 FIRST QUARTERLY FINANCIAL STATEMENTS OF A SUBSIDIARYThis announcement is made in accordance with Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
HECIC New-energy Co., Ltd. ( 河北建投新能源有限公司 ) ("HECIC New-energy"), a wholly-owned subsidiary of China Suntien Green Energy Corporation Limited (the "Company"), issued short-term financial bonds in the principal amount of RMB500 million on 18 October 2016. Pursuant to the Rules on Disclosure for Debt Financing Instruments of Non-financial Enterprises in the Inter-bank Bond Market ( 銀行間債券市場非金融企業債務融資工具信息披露規則 ) promulgated by the National Association of Financial Market Institution Investors of the PRC ( 中國銀行間市場交易商協會 ), HECIC New-energy has published the unaudited financial statements of HECIC New-energy and its subsidiaries for the three months ended 31 March 2017 on the websites of China Money ( 中國貨幣網 ) at www.chinamoney.com.cn and Shanghai Clearing House ( 上海清算所網 ) at www.shclearing.com on the same day of this announcement.
The unaudited financial statements of HECIC New-energy and its subsidiaries for the three months ended 31 March 2017 were prepared in accordance with the PRC Generally Accepted Accounting Principles and are enclosed for information purpose only.
The board of directors of the Company (the "Board") wishes to remind investors that the unaudited results of HECIC New-energy and its subsidiaries for the three months ended 31 March 2017 contained in this announcement were prepared based on the unaudited management accounts which have not been reviewed or audited by the Company's auditors. These financial statements are limited solely to HECIC New-energy and its subsidiaries and do not represent or provide a full picture of the operation of the Company and its subsidiaries. Investors should not place undue reliance on the aforesaid information and are advised to exercise caution in dealing in the Company's shares.
By order of the Board of
China Suntien Green Energy Corporation Limited Wang Hong JunExecutive Director
Shijiazhuang City, Hebei Province, the PRC, 26 April 2017
As at the date of this announcement, the non-executive Directors of the Company are Dr. Cao Xin, Dr. Li Lian Ping, Mr. Qin Gang, Ms. Sun Min and Mr. Wu Hui Jiang; the executive Director of the Company is Mr. Wang Hong Jun; and the independent non-executive Directors of the Company are Mr. Qin Hai Yan, Mr. Ding Jun, Mr. Wang Xiang Jun and Mr. Yue Man Yiu Matthew.
* For identification purposes only
CONSOLIDATED BALANCE SHEETJi Jian Tou Monthly Statement No. 1
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Prepared by: HECIC NEW-ENERGY CO., LTD. (Consolidated) Date: 31 March 2017 Unit: RMB
Items | Line Item | As at 31 March 2017 | As at 31 December 2016 | Items | Line Item | As at 31 March 2017 | As at 31 December 2016 |
CURRENT ASSETS : | 1 | - | - | CURRENT LIABILITIES: | 59 | - | - |
Cash | 2 | 587,489,736.33 | 520,720,220.70 | Short-term loans | 60 | 627,000,000.00 | 627,000,000.00 |
ΔClearing settlement funds | 3 | ΔLoans from central bank | 61 | ||||
ΔLendings to banks and other financial institutions | 4 | ΔDeposits and amounts due to banks | 62 | ||||
Financial assets at fair value through profit or loss | 5 | ΔLoans from banks and other financial institutions | 63 | ||||
Derivative financial assets | 6 | Financial liabilities at fair value through profit or loss | 64 | ||||
Bills receivables | 7 | 6,000,000.00 | Derivative financial liabilities | 65 | |||
Accounts receivables | 8 | 953,456,242.53 | 746,366,284.98 | Bills payable | 66 | ||
Advances to suppliers | 9 | 985,101,538.33 | 876,062,441.18 | Accounts payable | 67 | 478,977,544.90 | 14,626,048.86 |
ΔPremium receivables | 10 | Advances from customers | 68 | ||||
ΔReceivables from reinsurers | 11 | ΔFinancial assets sold under agreements to repurchase | 69 | ||||
ΔReinsurance deposits receivables | 12 | ΔHandling charges and commission payables | 70 | ||||
Interest receivable | 13 | Accrued salaries, wages and benefits | 71 | 2,628,025.12 | 9,560,788.12 | ||
Dividends receivable | 14 | Including: wages payable | 72 | 2,211,213.43 | 8,508,856.34 | ||
Other receivables | 15 | 625,428,866.34 | 707,125,615.05 | Welfare payable | 73 | 5,323.00 | |
ΔFinancial assets purchased under agreements to resell | 16 | Including: Bonus and benefit fund for staff | 74 | ||||
Inventories | 17 | 24,835,644.21 | 24,052,781.34 | Tax payables | 75 | 34,148,965.51 | 17,819,716.34 |
Including: raw materials | 18 | 24,833,644.21 | 24,052,781.34 | Including: tax payable | 76 | 32,688,133.02 | 14,975,917.10 |
Stock inventory (finished products) | 19 | Interest payable | 77 | 108,921,560.28 | 59,963,520.92 | ||
Assets classified as held for sale | 20 | Dividends payables | 78 | ||||
Issued short-term entrusted loan and prepayment | 21 | Other payables | 79 | 491,626,439.06 | 987,693,327.03 | ||
Non-current assets due within one year | 22 | ΔDividend payable for reinsurance | 80 |
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Other current assets | 23 | ΔInsurance deposits payables | 81 | ||||
Total current assets | 24 | 3,182,312,027.74 | 2,874,327,343.25 | ΔSecurities trading fees | 82 | ||
NON-CURRENT ASSETS: | 25 | - | - | ΔSecurities selling fees | 83 | ||
ΔIssued loan and prepayment | 26 | Liabilities classified as held for sale | 84 | ||||
Issued long-term entrusted loan and prepayment | 27 | Non-current liabilities due within one year | 85 | 1,965,995,409.93 | 1,972,315,948.42 | ||
Available-for-sale financial assets | 28 | Other current liabilities | 86 | 45,055,280.00 | 45,055,280.00 | ||
Held-to-maturity investments | 29 | Total current liabilities | 87 | 3,754,353,224.80 | 3,734,034,629.69 | ||
Long-term receivables | 30 | NON-CURRENT LIABILITIES: | 88 | - | - | ||
Long-term equity investments | 31 | 383,960,850.74 | 370,173,428.05 | Long-term loans | 89 | 8,048,143,903.42 | 8,205,517,423.40 |
Investment properties | 32 | Debentures payables | 90 | ||||
Original price of fixed assets | 33 | 13,480,152,467.03 | 13,476,879,267.18 | Long-term payables | 91 | ||
Less: accumulated depreciations | 34 | 2,794,902,151.94 | 2,603,479,592.69 | Long-term employee benefits payable | 92 | ||
Net value of fixed assets | 35 | 10,685,250,315.09 | 10,873,399,674.49 | Special payables | 93 | ||
Less : provision for fixed assets impairment | 36 | Provisions | 94 | ||||
Net amount of fixed assets | 37 | 10,685,250,315.09 | 10,873,399,674.49 | Deferred income | 95 | ||
Construction in progress | 38 | 995,135,557.96 | 969,936,343.40 | Deferred income tax liabilities | 96 | ||
Construction materials | 39 | Other non-current liabilities | 97 | 4,881,579.13 | 4,947,368.59 | ||
Disposal of fixed assets | 40 | Total non-current liabilities | 98 | 8,053,025,482.55 | 8,210,464,791.99 | ||
Biological assets for production use | 41 | Total liabilities | 99 | 11,807,378,707.35 | 11,944,499,421.68 | ||
Oil and gas assets | 42 | Owner's equity (or shareholder equity): | 100 | - | - | ||
Intangible assets | 43 | 2,196,005,895.63 | 2,198,325,242.25 | Issued share capital (share capital) | 101 | 3,767,300,000.00 | 3,767,300,000.00 |
Development expenses | 44 | Other equity instruments | 102 | ||||
Goodwill | 45 | 2,372,010.00 | 2,372,010.00 | Including: Preferred shares | 103 | ||
Long-term deferred expenses | 46 | 5,093,352.80 | 5,158,305.57 | Perpetual bonds | 104 | ||
Deferred income tax assets | 47 | Capital reserves | 105 | 1,009,646.16 | 1,009,646.16 | ||
Other non-current assets | 48 | Less: Treasury shares | 106 | ||||
Total non-current assets | 49 | 14,267,817,982.22 | 14,419,365,003.76 | Other comprehensive income | 107 | ||
50 | Including: exchange differences on foreign currency translation | 108 | |||||
51 | Special reserves | 109 | |||||
52 | Surplus reserves | 110 | 132,866,480.63 | 132,866,480.63 | |||
53 | Δ Provision for general risks | 111 | |||||
54 | Undistributed profit | 112 | 905,340,992.27 | 666,421,262.25 |
China Suntien Green Energy Corporation Ltd. published this content on 26 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 09:54:24 UTC.
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