WISDOM SPORTS GROUP 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.
WISDOM SPORTS GROUP智美體育集團
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1661) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017 FINANCIAL HIGHLIGHTSThe board (the "Board") of directors (the "Directors" and each a "Director") of Wisdom Sports Group (the "Company" or "Wisdom") hereby announces the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2017, together with the comparative figures for the corresponding period in 2016.
Financial highlights are as follows:
Net profit attributable to owners of the Group increased by approximately 19.4% to RMB80.1 million for the six months ended 30 June 2017 from RMB67.1 million for the six months ended 30 June 2016.
The Board declared payment of an interim dividend of RMB0.038 per share for the period ended 30 June 2017 to the shareholders whose names appear on the register of members of the Company on Friday, 27 October 2017. It is expected that the interim dividend will be paid on Wednesday, 15 November 2017 in Hong Kong dollars at the spot rate published by The People's Bank of China on 27 October 2017.
FOR THE SIX MONTHS ENDED 30 JUNE 2017
Six months ended 30 JuneNOTES | 2017 RMB'000 (unaudited) | 2016 RMB'000 (unaudited) (restated) | |
Continuing operations Revenue | 4 | 88,075 | 193,242 |
Cost of services | (36,579) | (91,710) | |
Gross profit | 51,496 | 101,532 | |
Selling and distribution expenses | (9,643) | (17,174) | |
General and administrative expenses | (18,958) | (23,834) | |
Other income | 5 | 9,732 | 13,315 |
Other gains and losses | (7,775) | (1,190) | |
Finance income | 1,138 | 2,752 | |
Share of result of an associate | (709) | - | |
Share of result of a joint venture | (2,272) | 84 | |
Profit before income tax | 23,009 | 75,485 | |
Income tax expense | 6 | (12,166) | (18,875) |
Profit for the period from continuing operations | 10,843 | 56,610 | |
Discontinued operations Profit for the period from discontinued operations | 7 | 69,300 | 10,498 |
Profit for the period | 80,143 | 67,108 | |
Profit attributable to owners of the Company | 80,143 | 67,108 | |
Other comprehensive expense Items that may be subsequently reclassified to profit or loss: | |||
Fair value loss on available-for-sale investment | (120) | - | |
Total comprehensive income for the period | 80,023 | 67,108 | |
Total comprehensive income attributable to owners of the Company | 80,023 | 67,108 | |
Earnings per share From continuing and discontinued operations Basic earnings per share | 9 | RMB0.05 | RMB0.04 |
Diluted earnings per share | RMB0.05 | RMB0.04 | |
From continuing operations Basic earnings per share | RMB0.01 | RMB0.03 | |
Diluted earnings per share | RMB0.01 | RMB0.03 |
AS AT 30 JUNE 2017
NOTES | 30 June 2017 RMB'000 (unaudited) | 31 December 2016 RMB'000 (audited) | |
ASSETS Non-current assets Property, plant and equipment | 22,394 | 22,970 | |
Investment property | 18,843 | 19,472 | |
Goodwill | 105 | 105 | |
Intangible assets | 8,893 | 3,855 | |
Available-for-sale investments | 59,880 | 39,000 | |
Long-term receivables | 202,917 | 204,017 | |
Other receivables | 51,052 | 51,052 | |
Interest in associates | 25,526 | 5,835 | |
Interest in a joint venture | 5,275 | 31,286 | |
394,885 | 377,592 | ||
Current assets Trade receivables | 10 | 123,314 | 219,087 |
Other receivables | 11 | 127,289 | 107,453 |
Prepayments and other current assets | 12 | 206,100 | 119,941 |
Cash and cash equivalents | 451,060 | 524,450 |
Held for sale assets 23,739 -
Total assets | 1,326,387 | 1,348,523 | |
EQUITY | |||
Equity attributable to owners of the Company | |||
Share capital | 13 | 2,479 | 2,479 |
Treasury shares | (25,076) | - | |
Share premium | 337,352 | 337,352 | |
Reserves | 126,229 | 125,926 | |
Retained earnings | 811,866 | 731,723 | |
Total equity | 1,252,850 | 1,197,480 |
NOTES | 30 June 2017 RMB'000 (unaudited) | 31 December 2016 RMB'000 (audited) | |
LIABILITIES Current liabilities Trade payables | 14 | 31,867 | 113,285 |
Other payables and accrued expenses | 15,596 | 19,399 | |
Advance from customers | 7,834 | 8,637 | |
Tax payables | 18,240 | 9,722 | |
73,537 | 151,043 | ||
Total liabilities | 73,537 | 151,043 | |
Total equity and liabilities | 1,326,387 | 1,348,523 | |
Net current assets | 857,965 | 819,888 | |
Total assets less liabilities | 1,252,850 | 1,197,480 |
Wisdom Sports Group published this content on 29 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 15:17:17 UTC.
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