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 2016

The 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 LOSS

FOR THE SIX MONTHS ENDED 30 JUNE 2016 - unaudited

Six months ended 30 June

Note 2016 2015

RMB'000 RMB'000

Re-presented (Note 15)

Continuing operation

Revenue 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 67

Finance 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 - unaudited

Six 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)

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

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)

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

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.

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