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.

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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