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.
Renhe Commercial Holdings Company Limited人 和 商 業 控 股 有 限 公 司 *
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1387) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016The board of directors (the "Board") of Renhe Commercial Holdings Company Limited (the "Company") hereby announces the unaudited condensed consolidated interim results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2016, together with the appropriate comparative figures as follows:
CONSOLIDATED STATEMENT OF PROFIT OR LOSSFOR THE SIX MONTHS ENDED 30 JUNE 2016 - unaudited
Six months ended 30 JuneNote 2016 2015
RMB'000 RMB'000
Re-presented (Note 15)
Continuing operationRevenue 6 523,182 -
Gross profit 523,182 -Other income 63,738 -
Administrative expenses (212,131) (176,582)
Other operating expenses (299,692) -
Operating profit/(loss) from continuing operation 75,097 (176,582) Finance income 404 67Finance expenses (11,717) (1,030)
Net finance expenses 7(a) (11,313) (963)
CONSOLIDATED STATEMENT OF PROFIT OR LOSS (continued) FOR THE SIX MONTHS ENDED 30 JUNE 2016 - unauditedSix months ended 30 June | ||||
Note | 2016 | 2015 | ||
RMB'000 | RMB'000 | |||
Re-presented (Note 15) | ||||
Profit/(loss) from continuing operation before taxation | 7 | 63,784 | (177,545) | |
Income tax | 8 | (61,533) | - | |
Profit/(loss) from continuing operation | 2,251 | (177,545) | ||
Discontinued operation | ||||
Loss from discontinued operation, net of tax | 15(a) | (14,513,350) | (356,107) | |
Loss for the period | (14,511,099) | (533,652) | ||
Attributable to: | ||||
Equity shareholders of the Company | (14,493,380) | (519,835) | ||
Non-controlling interests | (17,719) | (13,817) | ||
Loss for the period | (14,511,099) | (533,652) | ||
Loss attributable to: | ||||
Equity shareholders of the company | ||||
- Continuing operation | 2,251 | (177,545) | ||
- Discontinued operation | (14,495,631) | (342,290) | ||
(14,493,380) | (519,835) | |||
Non-controlling interests | ||||
- Discontinued operation | (17,719) | (13,817) | ||
Loss for the period | (14,511,099) | (533,652) | ||
Basic and diluted earnings/(loss) per share (RMB cents) | 10 | (32.96) | (1.64) | |
From continuing operation | 0.01 | (0.56) | ||
From discontinued operation | (32.97) | (1.08) |
FOR THE SIX MONTHS ENDED 30 JUNE 2016 - unaudited
Six months ended 30 June | |||
2016 | 2015 | ||
RMB'000 | RMB'000 | ||
Re-presented | |||
(Note 15) | |||
Loss for the period | (14,511,099) | (533,652) | |
Other comprehensive income for the period (after tax and reclassification adjustments): | |||
Items that may be reclassified subsequently to profit or loss: | |||
Exchange differences on translation of financial statements of foreign operation | (96,811) | (4,305) | |
Total comprehensive income for the period | (14,607,910) | (537,957) | |
Attributable to: | |||
Equity shareholders of the Company | (14,590,191) | (524,140) | |
Non-controlling interests | (17,719) | (13,817) | |
Total comprehensive income for the period | (14,607,910) | (537,957) | |
Total comprehensive income for the period arises from: | |||
Continuing operation | 101,143 | (111,429) | |
Discontinued operation | (14,709,053) | (426,528) | |
Total comprehensive income for the period | (14,607,910) | (537,957) |
AT 30 JUNE 2016 - unaudited
At 30 June | At 31 December | |||
2016 | 2015 | |||
Note | RMB'000 | RMB'000 | ||
Non-current assets | ||||
Property and equipment | 518,125 | 535,719 | ||
Investment properties | - | 23,001,104 | ||
Intangible assets | 11 | 6,196,155 | 6,358,083 | |
Goodwill | 12 | 386,380 | 750,172 | |
Other assets | 13,512 | 1,077,057 | ||
Deferred tax assets | - | 137,332 | ||
Trade receivables and other assets | 13 | - | 261,642 | |
Total non-current assets | 7,114,172 | 32,121,109 | ||
Current assets | ||||
Inventories | 41,183 | 4,770,016 | ||
Trade receivables and other assets | 13 | 150,968 | 436,421 | |
Cash at bank and on hand | 165,766 | 908,400 | ||
Assets held for sale | 15(b) | 29,034,136 | - | |
Total current assets | 29,392,053 | 6,114,837 | ||
Current liabilities | ||||
Interest-bearing borrowings | 2,574,681 | 4,681,113 | ||
Trade and other payables | 14 | 2,702,004 | 5,157,236 | |
Taxation | 47,752 | 46,821 | ||
Liabilities held for sale | 15(c) | 22,609,440 | - | |
Total current liabilities | 27,933,877 | 9,885,170 | ||
Net current assets/(liabilities) | 1,458,176 | (3,770,333) | ||
Total assets less current liabilities | 8,572,348 | 28,350,776 |
Renhe Commercial Holdings Co. Ltd. published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 13:08:05 UTC.
Original documenthttp://www.renhebusiness.com/china/upload/20160830002.pdf
Public permalinkhttp://www.publicnow.com/view/A22129508A1B4222C8A2838CBE7546CD7B0A08D4