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)
(Stock code: 813) OVERSEAS REGULATORY ANNOUNCEMENT SHANGHAI SHIMAO CO., LTD. A SUBSIDIARY OF SHIMAO PROPERTY HOLDINGS LIMITED ANNOUNCEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016Shanghai 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 58.92% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the audited consolidated financial results for the year ended 31 December 2016. Shanghai Shimao's audited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the year ended 31 December 2016 and the consolidated balance sheet as at 31 December 2016 of Shanghai Shimao are provided below:
SHANGHAI SHIMAO CO., LTD. CONSOLIDATED INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 20162016 | 2015 | ||
RMB | RMB | ||
(Restated) | |||
1. Operating income | 13,708,025,120.81 | 15,616,434,622.89 | |
Less: Operating costs | 8,794,634,566.34 | 10,067,354,951.08 | |
Operating taxes and surcharges | 1,318,513,152.34 | 1,538,283,391.33 | |
Selling expenses | 501,161,606.23 | 584,123,649.10 | |
General and administrative expenses | 656,619,831.10 | 686,493,150.77 | |
Financial expenses | 60,397,741.20 | 98,973,372.79 | |
Impairment loss of assets | 57,361,999.74 | 75,653,498.24 | |
Add: Gain on change in fair value | 576,520,000.00 | 496,000,000.00 | |
Investment income | 1,083,936,133.75 | 924,420,949.89 | |
2. Operating profit | 3,979,792,357.61 | 3,985,973,559.47 | |
Add: Non-operating income | 42,015,921.64 | 27,059,769.45 | |
Less: Non-operating expenses | 193,008,533.29 | 44,454,783.41 | |
3. Total profit | 3,828,799,745.96 | 3,968,578,545.51 | |
Less: Income tax expenses | 1,090,438,740.36 | 1,065,731,727.42 | |
4. Net profit | 2,738,361,005.60 | 2,902,846,818.09 | |
Net profit attributable to equity holders of Shanghai Shimao | 2,118,832,759.79 | 2,034,086,230.39 | |
Net profit attributable to minority shareholders | 619,528,245.81 | 868,760,587.70 | |
5. Earnings per share | |||
Earnings per share - basic | 0.79 | 0.76 | |
6. | Other comprehensive (loss)/income | (691,414,026.24) | 1,304,014,852.73 |
7. | Total comprehensive income | 2,046,946,979.36 | 4,206,861,670.82 |
Total comprehensive income attributable to equity holders of Shanghai Shimao | 1,186,176,923.96 | 2,633,148,998.47 | |
Total comprehensive income attributable to minority shareholders | 860,770,055.40 | 1,573,712,672.35 | |
31 December 2016 | 31 December 2015 | |
RMB | RMB | |
(Restated) | ||
ASSETS | ||
Current assets | 47,529,826,112.77 | 49,503,432,538.00 |
Non-current assets | 32,419,735,159.10 | 30,136,113,349.14 |
Total assets | 79,949,561,271.87 | 79,639,545,887.14 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||
Current liabilities | 36,958,146,756.99 | 33,258,136,974.34 |
Non-current liabilities | 13,176,177,383.38 | 13,476,081,447.43 |
Total liabilities | 50,134,324,140.37 | 46,734,218,421.77 |
Shareholders' equity | ||
Share capital | 2,679,405,901.00 | 1,913,861,358.00 |
Capital reserve | 1,805,744,919.44 | 7,254,809,337.16 |
Other comprehensive income | 3,895,480,944.13 | 4,828,136,779.96 |
Surplus reserve | 375,731,058.36 | 375,731,058.36 |
Retained profits | 11,048,304,071.01 | 9,139,996,060.60 |
Equity attributable to equity holders of Shanghai Shimao | 19,804,666,893.94 | 23,512,534,594.08 |
Minority interests in equity | 10,010,570,237.56 | 9,392,792,871.29 |
Total owners' equity | 29,815,237,131.50 | 32,905,327,465.37 |
Total liabilities and owners' equity | 79,949,561,271.87 | 79,639,545,887.14 |
Shareholders should note that the above audited financial information pertains only to Shanghai Shimao and not to the Company itself.
Details of the audited consolidated financial results of Shanghai Shimao for the year ended 31 December 2016 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, 24 March 2017
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), Ms. Tang Fei, Mr. Liao Lujiang and Mr. Kan Naigui; 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.
Shimao Property Holdings Limited published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 12:46:13 UTC.
Original documenthttp://www.shimaoproperty.com/Upload/DownloadFile/ngTSJ4v2eQo1
Public permalinkhttp://www.publicnow.com/view/4D30179F8E5A51B88B3A3595E129926663BA1177
