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DONGYUE GROUP LIMITED東岳集團有限公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 189) ANNOUNCEMENT OF INTERIM RESULTS FOR 2017 FINANCIAL HIGHLIGHTS(in RMB million, unless otherwise stated)
Six months ended 30 June2017 | 2016 | |
Revenue | 4,790 | 3,828 |
Gross Profit | 1,505 | 791 |
Gross Profit Margin | 31.42% | 20.67% |
Profit before Tax | 953 | 444 |
Profit and Total Comprehensive Income for the Period | 751 | 319 |
Profit and Total Comprehensive Income for the Period | ||
attributable to owners of the Company | 710 | 309 |
Basic Earnings per Share (RMB) | 0.34 | 0.15 |
31 December
2016
Total Equity 6,436 5,686
Net Assets per Share (RMB) 3.05 2.69
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 30 JUNE 2017
Six months ended 30 JuneNotes | 2017 RMB'000 (unaudited) | 2016 RMB'000 (unaudited) | |
Revenue | 3 | 4,789,657 | 3,828,078 |
Cost of sales | (3,284,215) | (3,036,862) | |
Gross profit | 1,505,442 | 791,216 | |
Other income | 4 | 38,574 | 82,108 |
Distribution and selling expenses | (163,670) | (137,402) | |
Administrative expenses | (313,293) | (170,174) | |
Research and development expenses | (50,023) | (30,698) | |
Finance costs | (61,419) | (89,378) | |
Share of results of associates | (2,902) | (1,580) | |
Profit before tax | 952,709 | 444,092 | |
Income tax expense | 5 | (202,277) | (124,860) |
Profit and total comprehensive income for the period | 6 | 750,432 | 319,232 |
Profit and total comprehensive income attributable to: - Owners of the Company | 710,402 | 308,512 | |
- Non-controlling interests | 40,030 | 10,720 | |
750,432 | 319,232 | ||
Earnings per share - Basic (RMB) | 8 | 0.34 | 0.15 |
- Diluted (RMB) | 0.34 | 0.15 |
AT 30 JUNE 2017
Notes | 30 June 2017 RMB'000 (unaudited) | 31 December 2016 RMB'000 (audited) | |
Non-current assets Property, plant and equipment | 3,753,780 | 3,874,258 | |
Prepayments for purchase of property, plant and equipment | 13,533 | 8,682 | |
Prepayment for land lease | 82,000 | 82,000 | |
Prepaid lease payments | 467,593 | 472,533 | |
Intangible assets | 103,319 | 107,225 | |
Interests in associates | 7,381 | 10,283 | |
Available-for-sale investments | 1,272,959 | 1,152,959 | |
Deferred tax assets | 278,551 | 451,653 | |
Goodwill | 150,813 | 85,894 | |
Deposit paid for acquisition of an associate | - | 59,800 | |
6,129,929 | 6,305,287 | ||
Current assets Inventories | 868,403 | 710,968 | |
Properties for sale | 1,161,408 | 407,220 | |
Prepaid lease payments | 11,690 | 13,603 | |
Trade and other receivables | 9 | 2,051,428 | 1,208,975 |
Entrusted loans | 30,000 | 30,000 | |
Pledged bank deposits | 47,545 | 106,703 | |
Bank balances and cash | 1,416,530 | 2,082,361 | |
5,587,004 | 4,559,830 |
Notes | 30 June 2017 RMB'000 (unaudited) | 31 December 2016 RMB'000 (audited) | |
Current liabilities Trade and other payables | 10 | 2,465,443 | 1,950,444 |
Deposits from pre-sale of properties | 262,958 | 98,527 | |
Borrowings | 1,373,500 | 1,797,700 | |
Tax liabilities | 73,887 | 61,534 | |
Deferred income | 29,066 | 27,925 | |
4,204,854 | 3,936,130 | ||
Net current assets | 1,382,150 | 623,700 | |
Total assets less current liabilities | 7,512,079 | 6,928,987 | |
Capital and reserves Share capital | 200,397 | 200,397 | |
Reserves | 5,897,353 | 5,187,611 | |
Equity attributable to the owners of the Company | 6,097,750 | 5,388,008 | |
Non-controlling interests | 338,359 | 298,243 | |
Total equity | 6,436,109 | 5,686,251 | |
Non-current liabilities Deferred income | 237,428 | 252,057 | |
Deferred tax liabilities | 152,742 | 58,679 | |
Borrowings | 685,800 | 932,000 | |
1,075,970 | 1,242,736 | ||
7,512,079 | 6,928,987 |
Dongyue Group Limited 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 13:42:06 UTC.
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