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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, 2016THE 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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