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China Jinmao Holdings Group Limited ʕ਷ږ߱છٰණྠϞࠢʮ̡

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00817)

KEY FINANCIAL DATA OF THE ISSUER OF THE CORPORATE BONDS

FOR THE YEAR ENDED 31 DECEMBER 2020

Reference is made to the announcements of China Jinmao Holdings Group Limited (the "Company") dated 1 December 2015, 7 December 2015, 11 December 2015, 18 April 2016, 13 June 2016, 16 June 2016, 19 February 2019, 25 February 2019, 18 July 2019, 23 August 2019 and 29 August 2019, in relation to the issue by Shanghai Jinmao Investment Management Group Co., Ltd. (ɪऎږ߱ҳ༟၍ଣණྠϞࠢʮ̡, formerly known as Jinmao Investment Management (Shanghai) Co., Ltd. (ږ߱ҳ༟၍ଣ€ɪऎϞࠢʮ̡), a wholly-owned subsidiary of the Company, the "Issuer") to qualified investors of a number of tranches of corporate bonds (the "Corporate Bonds").

Pursuant to the relevant PRC regulations and the requirements of the China Securities Regulatory Commission, the Issuer is required to publish its financial data on the website of the Shanghai Stock Exchange (www.sse.com.cn) during the term of the Corporate Bonds. The annual report of the Issuer for the year ended 31 December 2020 has been published on the website of the Shanghai Stock Exchange on 23 March 2021. Set out below are the key audited consolidated financial data of the Issuer for the year ended 31 December 2020, which are prepared in accordance with the China Accounting Standards for Business Enterprises.

Key audited consolidated financial data of Shanghai Jinmao Investment Management Group Co., Ltd.:

As at

As at

31 December

31 December

2020

2019

Total assets (RMB100 million)

3,669.46

3,214.82

Net assets attributable to owners of the parent

(RMB100 million)

178.14

227.59

Cash and cash equivalents at the end of the year

(RMB100 million)

361.00

163.85

Current ratio

1.36

1.30

Acid-test ratio

0.63

0.56

Debt asset ratio

76.00%

79.05%

For the year ended 31 December 2020 2019

Revenue (RMB100 million)

566.80

398.63

Costs (RMB100 million)

446.97

276.43

Profit attributable to owners of the parent (RMB100 million)

28.36

59.98

EBITDA (RMB100 million)

113.43

126.30

Net cash flows from/(used in) operating activities

(RMB100 million)

286.49

138.58

Net cash flows from/(used in) investing activities

(RMB100 million)

17.37

(97.92)

Net cash flows from/(used in) financing activities

(RMB100 million)

(107.05)

(43.67)

Debt-to-EBITDA ratio

0.20

0.24

Interest coverage ratio

2.41

4.31

Cash interest coverage ratio

4.96

4.13

EBITDA interest coverage ratio

2.44

4.36

Loan repayment ratio

100%

100%

Interest repayment ratio

100%

100%

Notes:

1. Beijing Franshion Yicheng Properties Company Limited€̏ԯ˙ጳ͵۬ໄุϞࠢʮ̡, a wholly-owned subsidiary of the Issuer, completed the acquisition of 100% equity interests in Wuhan Huazi Enterprise Management Consulting Co., Ltd€. ؛ဏʷ༟Άุ၍ଣፔ༔Ϟࠢʮ̡on 12 June 2020 (the "Equity Acquisition"). The Issuer acquired part of the equity interests in ten companies including Win Cheer Limited €௱ఃϞࠢʮ̡by way of equity reorganization on 23 December 2020 and 31 December 2020 (the "Equity Reorganization"). The Issuer shall make retrospective adjustment to the relevant financial information for 2019 in accordance with the relevant requirements of the China Accounting Standards for Business Enterprises (No. 20 - Business Combinations) in respect of the completed Equity Acquisition and Equity Reorganization, each of which constitutes a business combination under common control. Accordingly, the comparative financial data (i.e. the financial data for the twelve months ended 31 December 2019 or as at 31 December 2019) set out in this announcement have been restated.

  • 2. EBITDA = total profits + interest expenses recognized in finance costs + depreciation + amortization

  • 3. Total debts = long-term debt + short-term debt; in particular, long-term debt = long-term borrowings + bonds payable; short-term debt = short-term borrowings + non-current liabilities due within one year

  • 4. Debt-to-EBITDA ratio = EBITDA/total debts

  • 5. Interest coverage ratio = profit before interest and tax/(interest expenses recognized in finance costs + capitalized interest expenses)

  • 6. Cash interest coverage ratio = (net cash flows from/(used in) operating activities + cash interest expenses + income tax paid in cash)/cash interest expenses

  • 7. EBITDA interest coverage ratio = EBITDA/interest expenses

  • 8. Loan repayment ratio = actual amount of loan repayment/loan amount repayable

  • 9. Interest repayment ratio = interests actually paid/interests payable

By order of the Board

China Jinmao Holdings Group Limited

NING Gaoning

Chairman

Hong Kong, 23 March 2021

As at the date of this announcement, the Directors of the Company are Mr. NING Gaoning (Chairman), Mr. YANG Lin, Mr. AN Hongjun, Mr. CHENG Yong and Mr. WANG Wei as Non-executive Directors; Mr. LI Congrui, Mr. JIANG Nan and Mr. SONG Liuyi as Executive Directors; Mr. SU Xijia, Mr. SUEN Man Tak, Mr. GAO Shibin and Mr. ZHONG Wei as Independent Non-executive Directors.

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China Jinmao Holdings Group Limited published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2021 11:00:03 UTC.