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BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LIMITED (華晨中國汽車控股有限公 司)*(Incorporated in Bermuda with limited liability)
(Stock Code: 1114) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30TH JUNE, 2016The board of directors (the "Board") of Brilliance China Automotive Holdings Limited (the "Company") announces the unaudited consolidated interim financial results of the Company and its subsidiaries (collectively referred to as the "Group") for the six months ended 30th June, 2016. The unaudited consolidated interim financial statements have been reviewed by the audit committee of the Board.
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS(Expressed in thousands of RMB except for earnings per share amounts)
(Unaudited) For the six months endedNote | 30th June, 2016 RMB'000 | 2015 RMB'000 | |
Revenue | 4 | 2,485,687 | 2,058,285 |
Cost of sales | (2,427,024) | (1,946,758) | |
Gross profit | 58,663 | 111,527 | |
Other income | 37,205 | 9,902 | |
Interest income | 24,654 | 42,749 | |
Selling expenses | (261,176) | (203,725) | |
General and administrative expenses | (160,481) | (188,468) | |
Finance costs Share of results of: Joint ventures | (70,772) 1,905,948 | (74,464) 2,047,257 | |
Associates | 148,763 | 109,586 | |
Profit before income tax expense | 5 | 1,682,804 | 1,854,364 |
Income tax expense | 6 | (5,281) | (19,297) |
Profit for the period | 1,677,523 | 1,835,067 | |
* For identification purposes only |
(Expressed in thousands of RMB except for earnings per share amounts)
(Unaudited) For the six months ended30th June, | ||
2016 | 2015 | |
Note | RMB'000 | RMB'000 |
Attributable to: Equity holders of the Company | 1,801,901 | 1,910,480 | |
Non-controlling interests | (124,378) | (75,413) | |
1,677,523 | 1,835,067 | ||
Earnings per share - Basic | 7 | RMB0.35782 | RMB0.38014 |
- Diluted | RMB0.35709 | RMB0.37861 |
2016 RMB'000 | 2015 RMB'000 | |
Profit for the period | 1,677,523 | 1,835,067 |
Other comprehensive income (expense), net of tax Item which may be subsequently reclassified to profit or loss: Change in fair value of available-for-sale financial assets | (22,354) | 48,944 |
Item which will not be reclassified to profit or loss: Share of comprehensive income (expense) of a joint venture | 869,575 | (738,635) |
Other comprehensive income (expense), net of tax | 847,221 | (689,691) |
Total comprehensive income for the period | 2,524,744 | 1,145,376 |
Attributable to: Equity holders of the Company | 2,649,122 | 1,220,789 |
Non-controlling interests | (124,378) | (75,413) |
2,524,744 | 1,145,376 |
Note | (Unaudited) As at 30th June, 2016 RMB'000 | (Audited) As at 31st December, 2015 RMB'000 | |
Non-current assets Intangible assets | 1,381,986 | 1,423,193 | |
Property, plant and equipment | 1,785,479 | 1,743,057 | |
Construction-in-progress | 329,962 | 299,057 | |
Land lease prepayments | 85,828 | 86,847 | |
Interests in joint ventures | 15,787,011 | 14,011,488 | |
Interests in associates | 1,596,166 | 1,577,712 | |
Prepayments for long-term investments | 600,000 | 600,000 | |
Available-for-sale financial assets | 34,995 | 57,349 | |
Long-term loan receivables | 191,869 | 85,417 | |
Other non-current assets | 14,893 | 13,170 | |
Total non-current assets | 21,808,189 | 19,897,290 | |
Current assets Cash and cash equivalents | 1,753,434 | 1,070,876 | |
Short-term bank deposits | 242,864 | 676,013 | |
Pledged short-term bank deposits | 1,619,054 | 1,325,528 | |
Inventories | 1,059,344 | 1,211,004 | |
Accounts receivable | 9 | 1,515,977 | 1,444,708 |
Notes receivable | 576,511 | 312,486 | |
Other current assets | 1,540,903 | 1,134,369 | |
Total current assets | 8,308,087 | 7,174,984 |
Brilliance China Automotive Holdings Ltd. published this content on 26 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 August 2016 09:34:02 UTC.
Original documenthttp://www.brillianceauto.com/investor/announcements/2016_announcements/e_Ann_20160826_eng.pdf
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