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Great Water : 2019-08-14Interim Report 2019

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08/14/2019 | 05:32am EDT

GREAT WATER

HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

Stock Code: 8196

2019

Interim Report

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 Stock 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 that 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 report, 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 report.

This report, for which the directors (the "Directors") of Great Water Holdings Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of the Stock Exchange (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 report is accurate and complete in all material respects and not misleading or deceptive; there are no other matters the omission of which would make any statement herein or this report misleading.

This interim report is printed on environmentally friendly paper

2 Great Water Holdings Limited

FINANCIAL HIGHLIGHTS

For the six months ended 30 June 2019

  • Based on the unaudited condensed consolidated results of the Group for the six months ended 30 June 2019 (the "Period"), the Group's revenue for the Period amounted to approximately RMB16,112,000, representing a decrease of approximately 83.2% as compared to approximately RMB95,834,000 for the corresponding period in 2018.
  • During the Period, the Group's total gross profit was approximately RMB4,397,000, representing a decrease of approximately 83.7% as compared to approximately RMB26,923,000 for the corresponding period in 2018.
  • During the Period, the Group's loss attributable to ordinary equity holders was approximately RMB5,204,000 as compared to profit attributable to ordinary equity holders of approximately RMB15,256,000 for the corresponding period in 2018.
  • The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2019.

Interim Report 2019

3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2019

UNAUDITED INTERIM RESULTS

The board of directors (the "Board") of the Company is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30 June 2019 together with the comparative unaudited figures for the corresponding period in 2018 as follows:

For the three months

For the six months

ended 30 June

ended 30 June

2019

2018

2019

2018

Notes

RMB'000

RMB'000

RMB'000

RMB'000

Unaudited

Unaudited

Unaudited

Unaudited

REVENUE

4

11,580

47,130

16,112

95,834

Cost of Sales

(7,894)

(33,298)

(11,715)

(68,911)

Gross profit

3,686

13,832

4,397

26,923

Other income and gains

4

5,301

2,705

6,098

6,222

Selling and distribution expenses

(902)

(864)

(1,605)

(2,101)

Administrative expenses

(5,818)

(5,023)

(12,978)

(11,806)

Finance costs

6

(779)

(767)

(1,834)

(1,532)

PROFIT/(LOSS) BEFORE TAX

1,488

9,883

(5,922)

17,706

Income tax expense

7

293

(1,089)

1,084

(2,597)

PROFIT/(LOSS) FOR THE PERIOD

1,781

8,794

(4,838)

15,109

Attributable to:

Owners of parent

1,415

8,878

(5,204)

15,256

Non-controlling interests

366

(84)

366

(147)

1,781

8,794

(4,838)

15,109

EARNINGS PER SHARE ATTRIBUTABLE TO

  • ORDINARY EQUITY HOLDERS
  • OF THE PARENT

  Basic and diluted

9

RMB0.005

RMB0.030

RMB(0.017)

RMB0.051

4 Great Water Holdings Limited

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2019

For the three months

For the six months

ended 30 June

ended 30 June

2019

2018

2019

2018

Notes

RMB'000

RMB'000

RMB'000

RMB'000

Unaudited

Unaudited

Unaudited

Unaudited

OTHER COMPREHENSIVE INCOME

Other comprehensive income to be

  • reclassified to profit or loss
  • in subsequent periods:
  • Exchange difference on translation

  of foreign operations

1,033

2,379

17

432

Net other comprehensive income to be

  reclassified to profit or loss

in subsequent periods

1,033

2,379

17

432

OTHER COMPREHENSIVE INCOME

  FOR THE PERIOD, NET OF TAX

1,033

2,379

17

432

TOTAL COMPREHENSIVE INCOME

FOR THE PERIOD

2,814

11,173

(4,821)

15,541

Attributable to:

Owners of parent

2,448

11,257

(5,187)

15,688

Non-controlling interests

366

(84)

366

(147)

2,814

11,173

(4,821)

15,541

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Great Water Holdings Ltd. published this content on 14 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2019 09:31:09 UTC

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