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(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 0598)ANNOUNCEMENT OF UNAUDITED RESULTS OF SINOTRANS AIR TRANSPORTATION DEVELOPMENT COMPANY LIMITED
FOR THE SIX MONTHS ENDED 30th JUNE, 2012
z This announcement is made pursuant to the disclosure obligation under Rule 13.09(1) of the Listing Rules. The board of directors of Sinotrans announces the unaudited consolidated results of its A share listed subsidiary, Sinoair, for the six months ended 30th June, 2012.
z Sinoair's unaudited consolidated financial statements for such six months have been
prepared in accordance with the generally accepted accounting
principles of the People's
Republic of China.
z The turnover and net profit of Sinoair for the
six months ended 30th June, 2012 were
RMB1,875,389,817.57 and RMB 228,832,690.18 respectively,
which represent respective increase of 23.22% and 4.61% from
those of the same period last year.
This announcement is made pursuant to the disclosure
obligation under Rule 13.09(1) of the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong
Limited (the ''Listing Rules'').
The following is an extract of the unaudited consolidated
results of Sinotrans Air Transportation Development Company
Limited (''Sinoair'') for the six months ended
30th June, 2012. The full results were released
in the People's Republic of China on 18th
August, 2012, details of which were in the Overseas
Regulatory Announcement published by the Company on
17th August, 2012. Sinoair is a joint stock
limited company incorporated in the People's Republic of
China, the securities of which are listed on the Shanghai
Stock Exchange. As at the date hereof, Sinotrans Limited
("Sinotrans") is interested in approximately 63.46
percent of the issued share capital of Sinoair. Accordingly,
Sinoair is a subsidiary of Sinotrans.
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Sinoair's unaudited consolidated financial statements for the
six months ended 30th June, 2012 have been
prepared in accordance with the generally accepted accounting
principles of the People's Republic of China.
The turnover and net profit of Sinoair for the six months
ended 30th June, 2012 were RMB1,875,389,817.57
and RMB 228,832,690.18 respectively, which represent
respective increase of 23.22% and 4.61% from those of the
same period last year..
For the six months ended 30th June, 2012
For the six months ended 30th June (unaudited) | ||
2012 Renminbi | 2011 Renminbi | |
Turnover | 1,875,389,817.57 | 1,521,910,600.53 |
Less: Direct costs | 1,692,630,157.92 | 1,361,899,220.89 |
Business tax and surcharges | 16,103,411.28 | 14,265,343.15 |
Selling expenses | 65,847,953.92 | 62,165,272.62 |
General and administrative expenses | 86,587,744.16 | 73,427,455.94 |
Financial expenses | (17,835,788.40) | (11,963,633.51) |
Assets impairment loss | 1,198,737.05 | (813,303.19) |
Add: Investment income | 215,418,207.28 | 207,883,505.11 |
Of which: income from investments in associated companies and joint ventures | 246,444,797.80 | 193,249,115.18 |
Operating profit | 246,275,808.92 | 230,813,749.74 |
Add: Non-operating income | 1,715,736.74 | 633,186.13 |
Less: Non-operating expenses | 205,013.19 | 1,405,361.61 |
Profit before tax | 247,786,532.47 | 230,041,574.26 |
Less:Income tax | 18,953,842.29 | 11,303,322.04 |
Net profit | 228,832,690.18 | 218,738,252.22 |
Net profit attributable to owners of parent company | 228,373,805.71 | 218,514,406.12 |
Minority interests | 458,884.47 | 223,846.10 |
Earning Per Share | ||
Basic Earning Per Share | 0.2522 | 0.2413 |
Diluted Earning Per Share | 0.2522 | 0.2413 |
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By Order of the Board Sinotrans Limited Gao Wei
Company Secretary
Beijing, 17th August, 2012
As at the date of this announcement, Zhao Huxiang, Zhang Jianwei, Tao Suyun and Li Jianzhang are executive directors of Sinotrans; Wu Dongming, Liu Jinghua, Jerry Hsu and Mok, Chi Ming Victor are non-executive directors of Sinotrans; and Sun Shuyi, Lu Zhengfei and Liu Kegu are independent non-executive directors of Sinotrans.
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