Shandong Weigao Group Medical Polymer Company Limited*
(a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code : 1066) * For identification purposes onlyInterim Report 2016
SUMMARYFor the six months ended 30 June 2016 (the "Period"), the unaudited turnover of Shandong Weigao Group Medical Polymer Company Limited (the "Company") and its subsidiaries (the "Group") was approximately RMB3,195,426,000, representing an increase of approximately 11.1% over approximately RMB2,876,884,000 for the same period last year.
Excluding extraordinary items, net profit attributable to owners of the Company was approximately RMB632,509,000 (same period in 2015 of approximately RMB588,021,000), representing an increase of approximately 7.6% when compared with the same period last year.
The unaudited net profit attributable to the shareholders of the Group for the six months ended 30 June 2016 was approximately RMB385,500,000, representing a decrease of approximately 34.0% over approximately RMB584,374,000 for the same period last year. The total amounts for extraordinary items for the Period were approximately RMB247,009,000, of which RMB238,860,000 was a share-based payment arised from the subscription of Weigao Orthopaedic shares by the orthopaedic management and was a non-cash and one-off item.
During the Period, (1) tur nover of s ingle-use consumables was approximately RMB2,351,510,000, representing an increase of approximately 10.7% when compared with the same period last year; (2) turnover of orthopaedic products was approximately RMB340,512,000, representing an decrease of approximately 4.3% when compared with the same period last year; and (3) turnover of blood purification business was approximately RMB503,404,000, representing an increase of approximately 27.1% over the same period last year.
The Board of Directors (the "Board") recommends the distribution of an interim dividend of RMB0.041 per share for the six months ended 30 June 2016 (same period in 2015: RMB0.039 per share). The proposal is subject to the approval by the shareholders of the Company (the "Shareholders") at
the forthcoming special general meeting.
1
UNAUDITED CONSOLIDATED INTERIM RESULTSThe Board is pleased to announce the unaudited condensed consolidated interim results of the Group for the six months ended 30 June 2016, together with the unaudited comparative figures for the same period in 2015 as follows:
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Unaudited For the six months ended 30 JuneNotes | 2016 RMB'000 | 2015 RMB'000 | |
Revenue | 3 | 3,195,426 | 2,876,884 |
Cost of sales | (1,259,675) | (1,159,535) | |
Gross profit | 1,935,751 | 1,717,349 | |
Other income, gain and loss | 44,874 | 50,578 | |
Distribution costs | (842,317) | (747,009) | |
Administration expenses | (513,005) | (179,891) | |
Research and development expenses | (143,756) | (134,501) | |
Finance costs | 5 | (26,279) | (8,590) |
Share of profit of joint ventures | 1,525 | 1,920 | |
Share of profit of an associate | - | 402 | |
(Loss) gain on disposal of a subsidiary | (389) | 2,535 | |
Profit before taxation | 6 | 456,404 | 702,793 |
Income tax expense | 7 | (89,916) | (99,673) |
Profit for the Period | 366,488 | 603,120 |
2 SHANDONG WEIGAO GROUP MEDICAL POLYMER COMPANY LIMITED | INTERIM REPORT 2016
Unaudited For the six months ended 30 June 2016 2015Notes RMB'000 RMB'000
Other comprehensive income Exchange difference on translation of
foreign operations 3,243 (116)
Total comprehensive income
for the Period 369,731 603,004
Profit for the Period attributable to: | |||
Owners of the Company | 8 | 385,500 | 584,374 |
Non-controlling interest | (19,012) | 18,746 |
Total comprehensive income attributable to:
Owners of the Company 388,743 584,258
Non-controlling interest (19,012) 18,746
369,731 603,004 RMB RMBEarnings per share - Basic 10 0.085 0.131
3
Shandong Weigao Group Medical Polymer Co. Ltd. published this content on 20 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 September 2016 16:16:01 UTC.
Original documenthttp://115.28.24.216/upload/pdf/model_1474425584.pdf
Public permalinkhttp://www.publicnow.com/view/E020F2845E8812A7E686EEE6812152B18A4D1210