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.
(Stock Code: 03377)
KEY AUDITED CONSOLIDATED FINANCIAL INFORMATION OF SINO-OCEAN LAND LIMITED FOR THE YEAR 2015
This announcement is made by Sino-Ocean Land Holdings 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).
Reference is made to the announcements of the Company dated 17 August 2015, 18 August 2015 and 19 October 2015 in relation to the issue of corporate bonds by Sino-Ocean Land
Limited (遠洋地產有限公司) (the ''Issuer''), an indirect wholly-owned subsidiary of the
Company and the principal subsidiary of the Company in the PRC. Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the announcement of the Company dated 17 August 2015.
Pursuant to the relevant rules and regulations of the PRC and the requirements of the CSRC, the Issuer has published, among other things, its audited consolidated financial statements for the year ended 31 December 2015 prepared in accordance with the China Accounting Standards for Business Enterprises on the website of Shanghai Stock Exchange (http:// www.sse.com.cn) on 28 April 2016.
Set out below are the key financial figures of the Issuer's audited consolidated financial statements for the year ended 31 December 2015, together with the comparative figures for the year ended 31 December 2014, which have been prepared in accordance with the China Accounting Standards for Business Enterprises:
For the year ended
31 December
2015
31 December
2014
Current assets | RMB'000 93,907,653 | RMB'000 86,851,586 |
Non-current assets | 35,397,700 | 29,187,899 |
Total assets | 129,305,353 | 116,039,485 |
Current liabilities | 62,833,587 | 56,719,566 |
Non-current liabilities | 30,705,138 | 25,573,199 |
Total liabilities | 93,538,725 | 82,292,765 |
Total equity | 35,766,628 | 33,746,720 |
Revenue | 27,271,427 | 33,302,649 |
Net profit after taxation | 4,233,245 | 4,538,665 |
Cash resources# | 15,351,959 | 8,920,942 |
# including restricted bank deposit
The Company would like to remind shareholders and potential investors of the Company that the audited consolidated financial statements of the Issuer for the year ended 31 December 2015 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 the Issuer and its subsidiaries and do not represent or provide a full picture of the operation and financial conditions of the Group. The Issuer's audited consolidated financial statements for the year ended 31 December 2015 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 Land Holdings Limited CHUNG Kai Cheong
Company Secretary
Hong Kong, 28 April 2016
As at the date of this announcement, the directors of the Company comprise:
Executive Directors: Non-executive Directors: Independent non-executive Directors:
Mr. LI Ming Mr. LI Hu
Mr. WANG Yeyi Mr. SUM Pui Ying Mr. WEN Haicheng Mr. LI Hongbo
Mr. YANG Zheng Mr. YAO Dafeng Mr. FANG Jun
Ms. SHANGGUAN Qing
Mr. TSANG Hing Lun Mr. HAN Xiaojing
Mr. WANG Zhifeng Mr. SUEN Man Tak Mr. JIN Qingjun
Sino-Ocean Land Holdings Limited issued this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 09:36:13 UTC