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.
KEY AUDITED CONSOLIDATED FINANCIAL INFORMATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, SINO-OCEAN LAND LIMITED, FOR THE YEAR 2016This announcement is made by Sino-Ocean Group Holding Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Pursuant to the relevant rules and regulations of the PRC and the requirements of the China Securities Regulatory Commission (中國證券監督管理委員會) in relation to corporate bond issued
in PRC by Sino-Ocean Land Limited (遠洋地產有限公司) ("SOLL"), an indirect wholly-owned
subsidiary of the Company and the principal subsidiary of the Company in the PRC, SOLL will publish, among other things, its audited consolidated financial statements for the year ended 31 December 2016 prepared in accordance with the China Accounting Standards for Business Enterprises on the website of Shanghai Stock Exchange (http:// www.sse.com.cn) on or around 26 April 2017.
Set out below are the key financial figures of SOLL's audited consolidated financial statements for the year ended 31 December 2016, together with the comparative figures, which have been prepared in accordance with the China Accounting Standards for Business Enterprises:
As at 31 December2016 RMB'000 | 2015 RMB'000 | |
Current assets | 87,393,112 | 93,907,653 |
Non-current assets | 35,313,844 | 35,397,700 |
Total assets | 122,706,956 | 129,305,353 |
Current liabilities | 57,879,642 | 62,833,587 |
Non-current liabilities | 24,934,718 | 30,705,138 |
Total liabilities | 82,814,360 | 93,538,725 |
Total equity | 39,892,596 | 35,766,628 |
Cash resources# | 17,711,193 | 15,351,959 |
# including restricted bank deposit
For the year ended 31 December2016 RMB'000 | 2015 RMB'000 | |
Revenue | 28,032,250 | 27,271,427 |
Net profit after taxation | 5,080,583 | 4,233,245 |
The Company would like to remind shareholders and potential investors of the Company that the audited consolidated financial statements of SOLL for the year ended 31 December 2016 to be published on the website of Shanghai Stock Exchange and the summary as disclosed in this announcement were prepared in accordance with the China Accounting Standards for Business Enterprises, which are limited solely to SOLL and its subsidiaries and do not represent or provide a full picture of the operation and financial conditions of the Group. The audited consolidated financial statements of SOLL for the year ended 31 December 2016 which were prepared under the China Accounting Standards for Business Enterprises had been audited by PricewaterhouseCoopers Zhong Tian LLP.
Shareholders and potential investors of the Company should exercise caution and should not place undue reliance on such information when dealing in the securities of the Company.By order of the Board
Sino-Ocean Group Holding Limited CHUNG Kai CheongCompany Secretary
Hong Kong, 26 April 2017
As at the date of this announcement, the directors of the Company comprise:
Executive Directors:
Mr. LI Ming Mr. LI Hu
Mr. WANG Yeyi Mr. SUM Pui Ying
Mr. WEN Haicheng Mr. LI Hongbo
Non-executive Directors:
Mr. ZHAO Lijun Mr. YAO Dafeng Mr. FANG Jun
Ms. SHANGGUAN Qing
Independent non-executive Directors:
Mr. TSANG Hing Lun Mr. HAN Xiaojing
Mr. WANG Zhifeng Mr. SUEN Man Tak Mr. JIN Qingjun
Sino-Ocean Land Holdings Limited published this content on 25 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 09:19:16 UTC.
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