SINOFERT 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.
ANNOUNCEMENT FINANCIAL DATA OF SINOCHEM FERTILIZER FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2017This announcement is made by Sinofert Holdings Limited (the "Company") pursuant to the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Reference is made to the announcements of the Company dated 19 July 2016 and 25 July 2016 in relation to the issue of the first tranche of the medium-term notes for the year of 2016 in an amount of RMB1 billion by Sinochem Fertilizer Company Limited ("Sinochem Fertilizer"), an indirect wholly-owned subsidiary of the Company.
According to the relevant PRC regulations, Sinochem Fertilizer is required to publish its financial data on a quarterly basis on the website of Shanghai Clearing House at www.shclearing.com and the website of China Money at www.chinamoney.com.cn during the term of the above debts. Set out below are the unaudited financial data of Sinochem Fertilizer and its subsidiaries on a consolidated basis and the unaudited financial data of Sinochem Fertilizer for the nine months ended 30 September 2017, which are prepared in accordance with the China Accounting Standards for Business Enterprises, and have no material difference from those prepared in accordance with the Hong Kong Financial Reporting Standards.
Shareholders of the Company and potential investors are advised to exercise caution in dealing in the securities of the Company.1
For and on behalf of the Board
SINOFERT HOLDINGS LIMITED Qin HengdeExecutive Director and Chief Executive Officer
Hong Kong, 30 October 2017
As at the date of this announcement, the executive directors of the Company are Mr. Qin Hengde (Chief Executive Officer) and Mr. Harry Yang; the non-executive directors of the Company are Mr. Zhang Wei (Chairman), Mr. Yang Lin, Dr. Stephen Francis Dowdle and Ms. Xiang Dandan; and the independent non-executive directors of the Company are Mr. Ko Ming Tung, Edward, Mr. Lu Xin and Mr. Tse Hau Yin, Aloysius.
* For identification purposes only
2
Sinochem Fertilizer Company Limited Balance Sheet
30 September 2017 RMB Yuan
Item | 30 September 2017 | 31 December 2016 |
Current Assets | ||
Cash and bank balances | 188,449,464.11 | 402,966,022.76 |
Notes receivable | 91,635,547.56 | 84,790,061.35 |
Accounts receivable | 150,040,664.08 | 202,890,847.44 |
Prepayments | 1,251,200,514.79 | 1,354,632,628.80 |
Dividend receivable | 36,000,000.00 | 36,000,000.00 |
Interest receivable | 6,261,682.53 | 5,792,363.46 |
Other receivables | 141,497,829.62 | 137,841,431.94 |
Inventories | 2,752,599,512.82 | 2,918,800,127.48 |
Other current assets | 4,583,022,906.03 | 3,820,587,061.52 |
Total Current Assets | 9,200,708,121.54 | 8,964,300,544.75 |
Non-Current Assets | ||
Available-for-sale financial assets | 392,186,900.13 | 384,186,900.13 |
Long-term equity investments | 11,551,212,614.26 | 11,763,033,654.06 |
Fixed assets | 98,771,985.70 | 62,794,988.99 |
Intangible assets | 16,008,772.07 | 15,380,908.48 |
Long-term deferred and prepaid expenses | 730,266.97 | 804,667.00 |
Deferred tax assets | 5,653,047.72 | 5,653,047.72 |
Other non-current assets | - | 577,957,628.54 |
Total Non-Current Assets | 12,064,563,586.85 | 12,809,811,794.92 |
TOTAL ASSETS | 21,265,271,708.39 | 21,774,112,339.67 |
Sinochem Fertilizer Company Limited Balance Sheet (continued)
30 September 2017 RMB Yuan
Item | 30 September 2017 | 31 December 2016 |
Current Liabilities | ||
Short-term borrowings | 3,913,640,000.00 | 620,500,000.00 |
Notes payable | 1,849,131,326.35 | 1,102,178,078.28 |
Accounts payable | 2,717,740,436.96 | 2,893,180,137.45 |
Receipts in advance | 1,137,417,758.87 | 2,903,648,710.38 |
Employee benefits payable | 5,428,685.80 | 5,504,071.41 |
Taxes and surcharges payable | 57,763,944.90 | 32,464,542.20 |
Interests payable | 121,063,412.00 | 94,319,503.34 |
Other payables | 196,548,098.58 | 478,379,344.56 |
Other current Liabilities | - | 2,201,000,000.00 |
Total Current Liabilities | 9,998,733,663.46 | 10,331,174,387.62 |
Non-Current Liabilities | ||
Long-term borrowings | - | 20,000,000.00 |
Bonds payable | 3,494,072,499.38 | 3,493,184,999.40 |
Deferred income | 2,883,500.00 | 2,883,500.00 |
Total Non-Current Liabilities | 3,496,955,999.38 | 3,516,068,499.40 |
TOTAL LIABILITIES | 13,495,689,662.84 | 13,847,242,887.02 |
Owners' Equity | ||
Paid-in capital | 10,600,000,000.00 | 10,600,000,000.00 |
Capital reserves | 374,214,141.79 | 374,214,141.79 |
Surplus reserves | 498,894,604.32 | 498,894,604.32 |
Retained profits | (3,703,526,700.56) | (3,546,239,293.46) |
TOTAL OWNERS' EQUITY | 7,769,582,045.55 | 7,926,869,452.65 |
TOTAL LIABILITIES AND OWNERS' EQUITY | 21,265,271,708.39 | 21,774,112,339.67 |
Sinofert Holdings Limited published this content on 30 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 October 2017 09:12:07 UTC.
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