SUMMARY OF FINANCIAL STATEMENTS OF WUHAN OPTICS VALLEY UNION, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 (UNAUDITED) PUBLISHED IN THE PRC IN RELATION TO CERTAIN DOMESTIC DEBT FINANCING
October 29, 2021 at 05:39 am EDT
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China Electronics Optics Valley Union Holding Company Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 798)
SUMMARY OF FINANCIAL STATEMENTS OF WUHAN OPTICS VALLEY
UNION, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 (UNAUDITED) PUBLISHED IN THE PRC IN RELATION TO CERTAIN DOMESTIC DEBT FINANCING
This announcement is made by China Electronics Optics Valley Union Holding Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong).
Wuhan Optics Valley Union Group Company Limited* (武漢光谷聯合集團有限公司) ("Wuhan Optics Valley Union"), an indirect wholly-owned subsidiary of the Company, completed the issuance of the Phase I debt financing instruments in an aggregate principal amount of RMB250 million to designated institutional investors in the inter-bank market with a term of 270 days and an interest rate of 5.50% per annum on 31 May 2021 (collectively, the "Super Short-TermFinancing Bonds"). Details of the Super Short-Term Financing Bonds have been published on the websites of the National Association of Financial Market Institutional Investors (http://www.nafmii.org.cn) and the Beijing Financial Assets Exchange (http://www.cfae.cn).
For identification purposes only
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SUMMARY OF THE UNAUDITED FINANCIAL STATEMENTS OF WUHAN OPTICS VALLEY UNION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 (THE "WUHAN OPTICS VALLEY UNION FINANCIALS")
Pursuant to the relevant rules and regulations in the PRC, the unaudited financial statements of Wuhan Optics Valley Union for the nine months ended 30 September 2021 shall be published on the websites of the National Association of Financial Market Institutional Investors (http://www.nafmii.org.cn) and the Beijing Financial Assets Exchange (http://www.cfae.cn).
Set out below are the key financial figures as extracted from the Wuhan Optics Valley Union Financials:
As at
As at
30 September
31 December
2021
2020
RMB'million
RMB'million
(Unaudited)
(Audited)
Total assets
16,908.66
16,365.33
Total liabilities
10,363.64
9,742.85
Owners' equity (or shareholders' equity)
6,545.02
6,622.48
For the nine
For the nine
months ended
months ended
30 September
30 September
2021
2020
RMB'million
RMB'million
(Unaudited)
(Unaudited)
Revenue
2,228.10
1,812.84
Net profit
146.07
193.14
Net operating cashflow
-91.25
-521.57
Net increase in cash and cash equivalents
-386.65
-58.91
Cash and cash equivalents as at the end of the year/period
1,859.39
1,598.98
The unaudited financial statements of Wuhan Optics Valley Union for the nine months ended 30 September 2021 have been prepared in accordance with the PRC generally accepted accounting principles. These financial statements are limited solely to Wuhan Optics Valley Union and do not represent or provide a full picture of the operation and financial position of the Group.
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Shareholders and potential investors of the Company are reminded not to rely solely on the information contained herein and should exercise caution when dealing in the securities of the Company.
By Order of the Board
China Electronics Optics Valley Union Holding Company Limited
Liu Guilin
Chairman
Wuhan, Hubei, the People's Republic of China
29 October 2021
As at the date of this announcement, the directors of the Company are Mr. Liu Guilin, Mr. Xiang Qunxiong, Mr. Zhang Jie, Ms. Sun Ying and Mr. Hu Bin as non-executive directors; Mr. Qi Min, Mr. Qiu Hongsheng and Ms. Chan Ching Har Eliza as independent non-executive directors; Mr. Huang Liping as executive directors.
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China Electronics Optics Valley Union Holding Co. Ltd. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 09:38:01 UTC.
China Electronics Optics Valley Union Holding Company Limited, formerly Optics Valley Union Holding Company Limited, is a Hong Kong-based investment holding company principally engaged in the development of properties. The Company operates through five segments. Property Development and Investment Holding segment is engaged in the development and sales of industrial parks and residential properties, as well as investment holding. Construction Contract segment is engaged in the construction of office and residential buildings according to the contracts with customers. Property Leasing segment is engaged in the leasing of office units. Development Management Services segment is engaged in the provision of construction management services for projects under construction. Business Operation Services segment is engaged in the provision of property management and other services for the completed projects of industrial parks and residential properties.
SUMMARY OF FINANCIAL STATEMENTS OF WUHAN OPTICS VALLEY UNION, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2021 (UNAUDITED) PUBLISHED IN THE PRC IN RELATION TO CERTAIN DOMESTIC DEBT FINANCING