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.

POU SHENG INTERNATIONAL (HOLDINGS) LIMITED 寶勝國 際（ 控股 ）有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 3813)

FINAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2016

THE GROUP'S FINANCIAL HIGHLIGHTS

For the year ended Percentage December 31, increase

2016 2015

(restated)

Revenue (RMB'000)

16,236,384

14,465,564

12.2%

Operating profit (RMB'000)

924,156

598,959

54.3%

Profit attributable to owners of the

Company (RMB'000)

560,579

396,592

41.3%

Basic earnings per share

(RMB cents)

10.72

7.45

43.9%

Dividend per share

Interim dividend (HK$)

0.02

- N/A

Final dividend (proposed) (HK$)

0.02

- N/A

RESULTS

The board (the "Board") of directors (the "Directors") of Pou Sheng International (Holdings) Limited (the "Company") is pleased to announce the audited consolidated results of the Company and its subsidiaries (collectively referred to as the "Group") for the year ended December 31, 2016 with comparative figures for the corresponding year in 2015 as follows:

CONSOLIDATED INCOME STATEMENT

For the year ended December 31, 2016

2016

2015

2016 2015

Notes RMB'000

RMB'000

US$'000 US$'000

(restated)

(FOR INFORMATION

PURPOSE ONLY)

Revenue

4

16,236,384

14,465,564

2,443,730

2,300,174

Cost of sales

(10,467,944)

(9,647,897)

(1,575,525)

(1,534,115)

Gross profit 5,768,440 4,817,667 868,205 766,059

Other operating income

and gains (losses) 228,178 121,002 34,342 19,247 Selling and distribution

expenses (4,415,748) (3,724,350) (664,612) (592,213)

Administrative and other

expenses

(656,714)

(615,360)

(98,841)

(97,865)

Operating profit

924,156

598,959

139,094

95,228

Finance costs

(61,881)

(54,766)

(9,314)

(8,709)

Finance income

11,367

18,234

1,711

2,900

Finance costs - net Share of results of an

associate

(50,514)

(7,225)

(36,532)

(2,222)

(7,603)

(1,087)

(5,809)

(353)

Share of results of joint

ventures

(4,691)

(6,157)

(706)

(979)

Other gains (losses)

5

(29,803)

(21,590)

(4,486)

(3,433)

Profit before taxation

831,923

532,458

125,212

84,654

Income tax expense

6

(262,312)

(149,323)

(39,480)

(23,744)

Profit for the year

7

569,611

383,135

85,732

60,910

Attributable to:

Owners of the Company

560,579

396,592

84,373

63,050

Non-controlling interests

9,032

(13,457)

1,359

(2,140)

569,611

383,135

85,732

60,910

Earnings per share

- Basic

9

RMB10.72 cents

RMB7.45 cents

US1.61 cents

US1.18 cents

- Diluted

RMB10.61 cents

RMB7.42 cents

US1.60 cents

US1.18 cents

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the year ended December 31, 2016

2016 2015 2016 2015

RMB'000 RMB'000 US$'000 US$'000

(restated) (FOR INFORMATION

PURPOSE ONLY)

Profit for the year 569,611 383,135 85,732 60,910

Other comprehensive income (expense)

An item that will not be

reclassified subsequently to profit or loss

Exchange difference arising on translation to presentation

currency - - (51,241) (46,222)

An item that may be reclassified subsequently to profit or loss Exchange difference arising on

translation of foreign

operations 7,551 2,072 81 (15)

Total comprehensive income

for the year 577,162 385,207 34,572 14,673

Attributable to:

Owners of the Company

565,969

398,182

33,340

17,447

Non-controlling interests

11,193

(12,975)

1,232

(2,774)

577,162 385,207 34,572 14,673

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At December 31, 2016

December 31, December 31, January 1, December 31, December 31, January 1,

2016

2015

2015

2016

2015

2015

Note

RMB'000

RMB'000

RMB'000

US$'000

US$'000

US$'000

(restated) (FOR INFORMATION PURPOSE ONLY)

Non-current assets

Property, plant and equipment

902,732

707,427

586,876

129,778

107,575

94,414

Deposit paid for acquisition of

property, plant and equipment

55,224

9,006

11,655

7,939

1,369

1,875

Prepaid lease payments

143,621

140,327

144,371

20,647

21,339

23,226

Rental deposits and prepayments

127,335

113,813

108,656

18,306

17,307

17,480

Intangible assets

614,678

657,401

704,924

88,367

99,968

113,405

Goodwill

532,450

545,748

536,210

76,545

84,523

82,977

Interest in an associate

-

10,411

12,633

-

1,451

2,022

Interests in joint ventures

51,791

67,061

58,188

7,446

10,035

9,292

Loans to joint ventures

17,500

47,500

107,203

2,516

7,223

17,246

Long-term loan receivable

-

-

50,000

-

-

8,044

Available-for-sale investments

2,156

1,999

-

310

304

-

Deferred tax assets

-

428

5,151

-

65

1,003

2,447,487

2,301,121

2,325,867

351,854

351,159

370,984

Current assets

Inventories

4,400,649

3,910,362

3,712,064

632,641

594,633

597,179

Trade and other receivables

10

2,412,346

2,104,757

1,965,674

346,797

320,061

316,228

Taxation recoverable

1,526

7,248

2,038

219

1,102

328

Pledged bank deposits

-

5,997

-

-

912

-

Bank balances and cash

482,635

297,182

271,907

69,384

45,191

43,743

7,297,156

6,325,546

5,951,683

1,049,041

961,899

957,478

Assets classified as held for sale

299,133

-

-

43,004

-

-

7,596,289

6,325,546

5,951,683

1,092,045

961,899

957,478

Pou Sheng International (Holdings) Ltd. published this content on 26 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 March 2017 02:16:07 UTC.

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