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    586   KYG2116J1085

CHINA CONCH VENTURE HOLDINGS LIMITED

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China Conch Venture : Announcement Regarding The Publication Of Announcement On The Interim Results For The Six Months Ended 30 June 2021 By Anhui Conch Cement Company Limited

08/27/2021 | 10:12am EDT

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.

China Conch Venture Holdings Limited

中 國 海 螺 創 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 586)

ANNOUNCEMENT REGARDING

THE PUBLICATION OF ANNOUNCEMENT ON THE INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2021

BY ANHUI CONCH CEMENT COMPANY LIMITED

This announcement is made pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board notes that Conch Cement published on 27 August 2021 an announcement on its unaudited results for 1H2021.

Having taken into account the holding of approximately 36.40% equity interest in Conch Cement by Conch Holdings (which in turn is an associate of the Group and whose 49% equity interest is indirectly owned by the Group) and the level of the Group's profit attributable to Conch Holdings for the two financial years ended 31 December 2019 and 2020, the Group would summarise in the main text of this announcement some key financial data of Conch Cement.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

This announcement is made by China Conch Venture Holdings Limited ("Company", which together with its subsidiaries are referred to as the "Group") pursuant to Rule 13.09 of the Rules ("Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance ("SFO", Chapter 571 of the Laws of Hong Kong).

As at the date of this announcement, the Group is indirectly interested in 49% equity interest in 安徽海螺集團有限責任公司 (Anhui Conch Holdings Co. Ltd.*, "Conch Holdings"), which

in turn is interested in approximately 36.40% equity interest in Anhui Conch Cement Company Limited ("Conch Cement", Hong Kong Stock Exchange stock code: 00914, Shanghai Stock Exchange stock code: 600585).

- 1 -

The board ("Board") of directors ("Directors") of the Company notes that Conch Cement published on 27 August 2021 an announcement ("Cement Announcement") on its unaudited results for the six months ended 30 June 2021 ("1H2021").

As disclosed in the Company's announcements previously published and its annual report for the year ended 31 December 2020, the Group derived a substantial portion of its profits for the two financial years ended 31 December 2019 and 2020 from its equity interests in Conch Holdings, an associate of the Group. During such years, the share of profit of Conch Holdings accounted for 84.1% and 82.1% of the Group's profit, respectively.

Having taken into account the above factors, the Group would summarise in the following some unaudited key financial data of Conch Cement for 1H2021 together with the comparative figures for the six months ended 30 June 2020, which are prepared in accordance with the International Financial Reporting Standards and extracted from the Cement Announcement:

For the

For the

six months

six months

ended

ended

30 June

30 June

2021

2020

RMB'000

RMB'000

(unaudited)

(unaudited)

Revenue

80,432,865

74,006,895

Gross profit

21,775,525

22,657,933

Profit before taxation

19,886,189

21,514,342

Profit for the period

15,386,974

16,636,132

For further details, shareholders of the Company and potential investors are requested to refer to the Cement Announcement.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in shares in the Company.

By Order of the Board

China Conch Venture Holdings Limited

SHU Mao

Company Secretary

Anhui Province, the People's Republic of China

27 August 2021

As at the date of this announcement, the Board comprises Mr. GUO Jingbin (Chairman), Mr. JI Qinying (Chief Executive Officer), Mr. LI Jian and Mr. LI Daming as executive Directors; Mr. CHANG Zhangli as non-executive Director; and Mr. CHAN Chi On (alias Derek CHAN), Mr. CHAN Kai Wing and Mr. LAU Chi Wah, Alex as independent non-executive Directors.

  • English translation or transliteration of Chinese name for identification purpose only

- 2 -

Disclaimer

China Conch Venture Holdings Ltd. published this content on 27 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2021 14:11:02 UTC.


© Publicnow 2021
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Sales 2021 9 366 M 1 466 M 1 466 M
Net income 2021 8 463 M 1 325 M 1 325 M
Net Debt 2021 8 886 M 1 391 M 1 391 M
P/E ratio 2021 6,91x
Yield 2021 2,06%
Capitalization 57 377 M 8 976 M 8 983 M
EV / Sales 2021 7,07x
EV / Sales 2022 5,57x
Nbr of Employees 6 271
Free-Float 86,9%
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Number of Analysts 9
Last Close Price 31,41 CNY
Average target price 37,07 CNY
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Managers and Directors
Qin Ying Ji Chief Executive Officer & Executive Director
Jing Bin Guo Chairman
Chi On Chan Independent Non-Executive Director
Kai Wing Chan Independent Non-Executive Director
Chi Wah Lau Independent Non-Executive Director