天 津 濱 海 泰 達 物 流 集 團 股 份 有 限 公 司
Tianjin Binhai Teda Logistics (Group) Corporation Limited*
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 8348)
INTERIM RESULTS ANNOUNCEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2019
CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE")
GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.
Given the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.
Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.
This announcement, for which the directors (the "Directors") of Tianjin Binhai Teda Logistics (Group) Corporation Limited* (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
*For identification purposes only
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HIGHLIGHTS
The following are the financial highlights during the six months ended 30 June 2019:
- Total turnover amounted to RMB1,436,846,000 (corresponding period in 2018: RMB1,138,229,000), representing an increase of approximately 26.24% as compared with the corresponding period last year.
- Gross profit was approximately RMB82,084,000 (corresponding period in 2018: RMB59,046,000), representing an increase of approximately 39.02% as compared with the corresponding period last year.
- Gross profit margin was approximately 5.71%, representing an increase of approximately 0.52 percentage points as compared with 5.19% achieved in the corresponding period last year.
- Profit attributable to shareholders amounted to approximately RMB10,340,000 (corresponding period in 2018: RMB1,919,000), representing an increase of approximately 439% as compared with the corresponding period last year.
- Earnings per share was RMB2.9 cent (corresponding period in 2018: RMB0.5 cents).
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UNAUDITED CONSOLIDATED INTERIM RESULTS OF 2019
The board of Directors (the "Board") of Tianjin Binhai Teda Logistics (Group) Corporation Limited (the "Company") hereby announces the unaudited results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2019 together with the unaudited comparative data for the corresponding period in 2018.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
For the six months ended 30 June 2019
Six months ended 30 June | ||||||
2019 | 2018 | |||||
RMB'000 | RMB'000 | |||||
Notes | (Unaudited) | (Unaudited) | ||||
Revenue | 4 | 1,436,846 | 1,138,229 | |||
Cost of sales | 7 | (1,354,762) | (1,079,183) | |||
Gross profit | 82,084 | 59,046 | ||||
Administrative expenses | 7 | (27,928) | (30,580) | |||
Other income | 5 | 5,843 | 2,341 | |||
Other (losses)/gains - net | (184) | 77 | ||||
Operating profit | 59,815 | 30,884 | ||||
Finance costs | 6 | (22,088) | (9,906) | |||
Share of results of investments accounted | ||||||
for using the equity method | 8,353 | 4,906 | ||||
Profit before income tax | 46,080 | 25,884 | ||||
Income tax expense | 8 | (16,678) | (10,006) | |||
Profit for the period and total | ||||||
comprehensive income for the period | 29,402 | 15,878 | ||||
Attributable to: | ||||||
Owners of the Company | 10,340 | 1,919 | ||||
Non-controlling interests | 19,062 | 13,959 | ||||
Earnings per share | 10 | |||||
- Basic and diluted (RMB cents) | 2.9 | 0.5 | ||||
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CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
As at 30 June 2019
30 June | 31 December | ||
2019 | 2018 | ||
RMB'000 | RMB'000 | ||
Notes | (Unaudited) | (Audited) | |
Non-current assets | |||
Property, plant and equipment | 156,000 | 161,142 | |
Land use rights | 18,151 | 18,917 | |
Investment properties | 306,700 | 306,700 | |
Investments accounted for using | |||
the equity method | 228,852 | 239,151 | |
Equity instruments at fair value through | |||
other comprehensive income | 18,500 | 18,500 | |
728,203 | 744,410 | ||
Current assets | |||
Inventories | 1,518 | 1,533 | |
Trade and other receivables | 12 | 1,566,481 | 1,296,654 |
Pledged bank deposits | 240,910 | 172,591 | |
Cash and cash equivalents | 421,295 | 387,273 | |
2,230,204 | 1,858,051 | ||
Total assets | 2,958,407 | 2,602,461 | |
Share capital | 15 | 354,312 | 354,312 |
Other reserves | 114,338 | 107,916 | |
Retained earnings | 498,767 | 494,849 | |
967,417 | 957,077 | ||
Non-controlling interests | 104,322 | 108,859 | |
Total equity | 1,071,739 | 1,065,936 | |
Non-current liabilities | |||
Deferred tax liabilities | 57,923 | 57,923 | |
Deferred income | 5,002 | 5,177 | |
Obligations under finance lease | 51,145 | 7,304 | |
114,070 | 70,404 | ||
Current liabilities | |||
Trade and other payables | 13 | 816,404 | 708,353 |
Contract liabilities | 326,549 | 202,042 | |
Current income tax liabilities | 11,738 | 6,072 | |
Borrowings | 14 | 552,648 | 504,520 |
Obligations under finance lease | 65,259 | 45,134 | |
1,772,598 | 1,466,121 | ||
Total liabilities | 1,886,668 | 1,536,525 | |
Total equity and liabilities | 2,958,407 | 2,602,461 | |
Net current assets | 457,606 | 391,930 | |
Total assets less current liabilities | 1,185,809 | 1,136,340 | |
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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
As of 30 June 2019
Attributable to owners of the Company | ||||||||||
Attributable | ||||||||||
to owners | Non- | |||||||||
Share | Share | Statutory | Other | Retained | of the parent | controlling | ||||
capital | premium | reserves | reserves | earnings | company | interests | Total | |||
RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | RMB'000 | |||
At 1 January 2018 (Audited) | 354,312 | 55,244 | 86,032 | (40,614) | 497,344 | 952,318 | 103,280 | 1,055,598 | ||
Profit for the period and total | ||||||||||
comprehensive income for the | ||||||||||
period | 1,919 | 1,919 | 13,959 | 15,878 | ||||||
Dividend paid | - | (19,460) | (19,460) | |||||||
Transfer | 3,277 | (3,277) | - | - | ||||||
At 30 June 2018 (Unaudited) | 354,312 | 55,244 | 89,309 | (40,614) | 495,986 | 954,237 | 97,779 | 1,052,016 | ||
At 1 January 2019 (Audited) | 354,312 | 55,244 | 93,286 | (40,614) | 494,849 | 957,077 | 108,859 | 1,065,936 | ||
Profit for the period and total | ||||||||||
comprehensive income | ||||||||||
for the period | 10,340 | 10,340 | 19,062 | 29,402 | ||||||
Dividend paid | - | (23,599) | (23,599) | |||||||
Transfer | 6,422 | (6,422) | - | - | ||||||
At 30 June 2019 (Unaudited) | 354,312 | 55,244 | 99,708 | (40,614) | 498,767 | 967,417 | 104,322 | 1,071,739 | ||
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Tianjin Binhai Teda Logistics (Group) Corporation Limited published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 16:05:12 UTC