SHIMAO GROUP HOLDINGS LIMITED 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.
(Incorporated in the Cayman Islands with limited liability)
OVERSEAS REGULATORY ANNOUNCEMENT SHANGHAI SHIMAO CO., LTD. A SUBSIDIARY OF SHIMAO PROPERTY HOLDINGS LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2015Shanghai Shimao Co., Ltd. ('Shanghai Shimao'), a subsidiary of Shimao Property Holdings Limited (the 'Company'), is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. The Company has an approximately 63.99% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the unaudited consolidated financial results for the nine months ended 30 September 2015. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the nine months ended 30 September 2015 and the consolidated balance sheet as at 30 September 2015 of Shanghai Shimao are provided below:
SHANGHAI SHIMAO CO., LTD. CONSOLIDATED INCOME STATEMENT FOR THE NINE MONTHS ENDED 30 SEPTEMBER 20152015 | 2014 | ||
RMB | RMB | ||
1. Operating income | 10,603,242,784.09 | 8,345,386,583.94 | |
Less: Operating costs | 7,170,909,959.57 | 5,409,634,711.83 | |
Operating taxes and surcharges | 1,018,383,956.20 | 775,030,254.07 | |
Selling expenses | 275,673,022.45 | 266,415,279.71 | |
General and administrative expenses | 510,264,983.00 | 512,110,238.74 | |
Financial expenses | 54,776,305.72 | 53,943,795.98 | |
Impairment loss of assets | 6,740,465.36 | (6,483,274.87) | |
Add: Gain on change in fair value | 372,000,000.00 | 147,000,000.00 | |
Investment (loss)/income | (23,102,470.98) | 82,634,276.54 | |
2. Operating profit | 1,915,391,620.81 | 1,564,369,855.02 | |
Add: Non-operating income | 17,183,432.77 | 33,662,110.00 | |
Less: Non-operating expenses | 6,035,739.27 | 6,065,100.25 | |
3. Total profit | 1,926,539,314.31 | 1,591,966,864.77 | |
Less: Income tax expenses | 523,980,374.80 | 419,452,666.94 | |
4. Net profit | 1,402,558,939.51 | 1,172,514,197.83 | |
Net profit attributable to equity holders of Shanghai Shimao | 942,911,566.05 | 770,488,646.33 | |
Net profit attributable to minority shareholders | 459,647,373.46 | 402,025,551.50 | |
5. Earnings per share | |||
Earnings per share - basic | 0.54 | 0.44 | |
Earnings per share - diluted | 0.54 | 0.44 | |
6. | Other comprehensive income | 54,141,532.89 | 403,127,126.75 |
7. | Total comprehensive income | 1,456,700,472.40 | 1,575,641,324.58 |
Total comprehensive income attributable to equity holders of Shanghai Shimao | 914,823,594.65 | 934,088,320.08 | |
Total comprehensive income attributable to minority shareholders | 541,876,877.75 | 641,553,004.50 | |
30 September 2015 | 31 December 2014 | |
RMB | RMB | |
ASSETS | ||
Current assets | 40,323,866,954.89 | 34,321,267,795.17 |
Non-current assets | 24,746,793,655.73 | 24,579,246,639.40 |
Total assets | 65,070,660,610.62 | 58,900,514,434.57 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Current liabilities | 29,649,154,299.34 | 30,429,271,190.27 |
Non-current liabilities | 13,894,986,052.52 | 8,436,222,025.48 |
Total liabilities | 43,544,140,351.86 | 38,865,493,215.75 |
Shareholders' equity | ||
Share capital | 1,762,193,007.00 | 1,172,415,338.00 |
Capital reserve | 2,429,134,269.41 | 2,992,302,763.41 |
Surplus reserve | 297,769,318.78 | 297,769,318.78 |
Retained profits | 8,129,974,774.08 | 7,386,373,815.49 |
Other comprehensive income | 4,200,986,040.48 | 4,229,074,011.88 |
Equity attributable to equity holders of Shanghai Shimao | 16,820,057,409.75 | 16,077,935,247.56 |
Minority interests in equity | 4,706,462,849.01 | 3,957,085,971.26 |
Total owners' equity | 21,526,520,258.76 | 20,035,021,218.82 |
Total liabilities and owners' equity | 65,070,660,610.62 | 58,900,514,434.57 |
Shareholders should note that the above unaudited financial information pertains only to Shanghai Shimao and not to the Company itself.
Details of the unaudited consolidated financial results of Shanghai Shimao for the nine months ended 30 September 2015 are accessible at the Shanghai Stock Exchange's website (www.sse.com.cn).
On behalf of the Board
Shimao Property Holdings Limited Hui Wing MauChairman
Hong Kong, 29 October 2015
As at the date of this announcement, the board of directors of the Company comprises five executive directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman), Mr. Xu Younong, Ms. Tang Fei and Mr. Liao Lujiang; one non-executive director, namely, Mr. Liu Sai Fei; and three independent non-executive directors, namely, Ms. Kan Lai Kuen, Alice, Mr. Lu Hong Bing and Mr. Lam Ching Kam.
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