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 UNAUDITED FINANCIAL RESULTS
FOR THE THREE MONTHS ENDED 31 MARCH 2018
Shanghai 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 unaudited consolidated financial results for the three months ended 31 March 2018. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the three months ended 31 March 2018 and the consolidated balance sheet as at 31 March 2018 of Shanghai Shimao are provided below:
CONSOLIDATED INCOME STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2018
2018 | 2017 | ||
RMB | RMB | ||
(Restated) | |||
1. | Operating income | 2,671,769,673.95 | 2,618,594,322.56 |
Less: Operating costs | 1,499,289,744.85 | 1,709,507,703.04 | |
Operating taxes and surcharges | 215,802,038.53 | 74,483,358.18 | |
Selling expenses | 151,308,821.65 | 102,024,201.55 | |
General and administrative expenses | 174,519,002.96 | 168,910,992.84 | |
Financial expenses | 40,217,510.00 | 10,495,450.60 | |
Impairment loss of assets | 363,069.78 | - | |
Investment loss | 2,940,185.15 | 4,044,999.07 | |
Disposal loss of assets | 2,029,853.50 | 227,604.53 | |
2. | Operating profit | 585,299,447.53 | 548,900,012.75 |
Add: Non-operating income | 4,414,836.00 | 17,262,826.27 | |
Less: Non-operating expenses | 2,464,612.35 | 7,014,503.95 | |
3. | Total profit | 587,249,671.18 | 559,148,335.07 |
Less: Income tax expenses | 151,559,521.80 | 161,124,273.69 | |
4. | Net profit | 435,690,149.38 | 398,024,061.38 |
Net profit attributable to equity holders of | |||
Shanghai Shimao | 249,050,653.55 | 246,421,062.64 | |
Net profit attributable to minority | |||
shareholders | 186,639,495.83 | 151,602,998.74 | |
5. | Earnings per share | ||
Earnings per share - basic | 0.07 | 0.07 | |
Earnings per share - diluted | 0.07 | 0.07 | |
6. | Other comprehensive (loss)/income | (11,781,111.24) | 15,491,636.02 |
7. | Total comprehensive income | 423,909,038.14 | 413,515,697.40 |
Total comprehensive income attributable | |||
to equity holders of Shanghai Shimao | 237,269,542.31 | 261,912,698.66 | |
Total comprehensive income attributable | |||
to minority shareholders | 186,639,495.83 | 151,602,998.74 |
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2018
31 March 2018
31 December 2017
RMB
RMB
ASSETS | ||
Current assets | 60,866,996,469.80 | 57,382,905,768.56 |
Non-current assets | 34,607,491,378.89 | 34,535,000,187.88 |
Total assets | 95,474,487,848.69 | 91,917,905,956.44 |
LIABILITIES AND | ||
SHAREHOLDERS' EQUITY | ||
Current liabilities | 40,163,014,739.52 | 39,338,640,102.10 |
Non-current liabilities | 20,260,640,248.44 | 17,952,342,031.75 |
Total liabilities | 60,423,654,987.96 | 57,290,982,133.85 |
Shareholders' equity | ||
Share capital | 3,751,168,261.00 | 3,751,168,261.00 |
Capital reserve | 707,044,360.23 | 707,044,360.23 |
Other comprehensive income | 3,845,337,702.68 | 3,857,118,813.92 |
Surplus reserve | 536,783,393.25 | 536,783,393.25 |
Retained profits | 13,144,219,813.78 | 12,895,169,160.23 |
Equity attributable to equity holders of | ||
Shanghai Shimao | 21,984,553,530.94 | 21,747,283,988.63 |
Minority interests in equity | 13,066,279,329.79 | 12,879,639,833.96 |
Total owners' equity | 35,050,832,860.73 | 34,626,923,822.59 |
Total liabilities and owners' equity | 95,474,487,848.69 | 91,917,905,956.44 |
GENERAL
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 three months ended 31 March 2018 are accessible at the Shanghai Stock Exchange's website (www.sse.com.cn).
On behalf of the Board Shimao Property Holdings Limited
Hui Wing Mau
Chairman
Hong Kong, 26 April 2018
As at the date of this announcement, the board of directors of the Company comprises three Executive Directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman) and Ms. Tang Fei; 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.
Attachments
- Original document
- Permalink
Disclaimer
Shimao Property Holdings Limited published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 12:03:08 UTC