TOUYUN BIOTECH GROUP LIMITED 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 Touyun Tech Group Limited中 國 透 雲 科 技 集 團 有 限 公 司
(Incorporated in Bermuda with limited liability)
Website: www.chinatouyun.com.hk
(Stock Code: 1332) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017The board of directors (the "Board") of China Touyun Tech Group Limited (the "Company") announces the unaudited consolidated results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2017 together with comparative figures for the corresponding period in 2016 as follows:
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOMESix months ended 30 June | ||||
2017 | 2016 | |||
(Unaudited) | (Unaudited) | |||
(Restated) | ||||
NOTES | HK$'000 | HK$'000 | ||
FAIR VALUE LOSSES ON FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS, NET | 4 | (72,873) | (232,892) | |
REVENUE | 4 | 171,534 | 131,371 | |
Cost of sales | (120,446) | (101,911) | ||
Gross profit | 51,088 | 29,460 | ||
Other income, gains and losses, net | 5 | (1,702) | (15,938) | |
Selling and distribution expenses | (16,928) | (5,766) | ||
Administrative and operating expenses | (61,354) | (22,539) | ||
Finance costs | (155) | (4,322) | ||
Share of results of a joint venture | 3,009 | (18,722) | ||
LOSS BEFORE TAX | 6 | (98,915) | (270,719) | |
Income tax expense | 7 | (837) | (37) | |
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS | (99,752) | (270,756) | ||
Six months ended 30 June | ||
2017 | 2016 | |
(Unaudited) | (Unaudited) | |
(Restated) | ||
NOTES | HK$'000 | HK$'000 |
DISCONTINUED OPERATIONS | ||||
Loss for the period from discontinued operations | 8 | - | (12,042) | |
LOSS FOR THE PERIOD | (99,752) | (282,798) | ||
LOSS ATTRIBUTABLE TO OWNERS OF THE COMPANY | ||||
- from continuing operations | (92,486) | (270,756) | ||
- from discontinued operations | - | (12,042) | ||
Loss for the period attributable to owners of the Company | (92,486) | (282,798) | ||
LOSS ATTRIBUTABLE TO NON- CONTROLLING INTERESTS FROM CONTINUING OPERATIONS | (7,266) | - | ||
Loss for the period attributable to non-controlling interests | (7,266) | - | ||
(99,752) | (282,798) | |||
LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY | 10 | |||
- from continuing and discontinued operations | ||||
Basic and diluted | HK0.94 cents | HK5.66 cents | ||
- from continuing operations | ||||
Basic and diluted | HK0.94 cents | HK5.42 cents | ||
Six months ended 30 June | |
2017 | 2016 |
(Unaudited) | (Unaudited) |
(Restated) | |
HK$'000 | HK$'000 |
LOSS FOR THE PERIOD | (99,752) | (282,798) | |
OTHER COMPREHENSIVE INCOME/(LOSS) | |||
Other comprehensive income/(loss) to be reclassified to profit or loss in subsequent periods: | |||
Available-for-sale investments: | |||
- Changes in fair value | - | (8,800) | |
- Reclassification adjustments of fair value loss on disposal of available-for-sales investments to profit or loss, net of tax | - | 5,390 | |
Exchange differences on translation of foreign operations | 2,522 | (177) | |
OTHER COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD, NET OF TAX | 2,522 | (3,587) | |
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | (97,230) | (286,385) | |
Total comprehensive loss attributable to: | |||
Owners of the Company | (89,964) | (286,385) | |
Non-controlling interests | (7,266) | - | |
(97,230) | (286,385) | ||
30 June | 31 December | |||
2017 | 2016 | |||
(Unaudited) | (Audited) | |||
NOTES | HK$'000 | HK$'000 | ||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 40,253 | 27,975 | ||
Intangible assets | 2,460 | 2,517 | ||
Goodwill | 11 | 306,389 | 266,514 | |
Investment in a joint venture | 139,035 | 136,026 | ||
Available-for-sale investments | 430,191 | 430,191 | ||
Prepayments | 380 | 2,196 | ||
918,708 | 865,419 | |||
CURRENT ASSETS | ||||
Inventories | 41,656 | 20,925 | ||
Trade and bills receivables | 12 | 88,435 | 64,794 | |
Prepayments, deposits and other receivables | 15,497 | 12,253 | ||
Financial assets at fair value through profit or loss | 13 | 21,625 | 97,500 | |
Cash and cash equivalents | 125,082 | 206,054 | ||
292,295 | 401,526 | |||
CURRENT LIABILITIES | ||||
Trade and bills payables | 14(a) | 39,562 | 25,566 | |
Other payables and accruals | 14(b) | 69,322 | 35,773 | |
Tax payable | 727 | - | ||
Interest-bearing other borrowings | - | 12,022 | ||
109,611 | 73,361 | |||
NET CURRENT ASSETS | 182,684 | 328,165 | ||
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,101,392 | 1,193,584 | ||
NON-CURRENT LIABILITIES | ||||
Deferred tax liabilities | 190 | 172 | ||
Net assets | 1,101,202 | 1,193,412 | ||
EQUITY | ||||
Equity attributable to owners of the parent | ||||
Share capital | 97,973 | 97,973 | ||
Reserves | 1,002,002 | 1,086,946 | ||
1,099,975 | 1,184,919 | |||
Non-controlling interests | 1,227 | 8,493 | ||
1,101,202 | 1,193,412 | |||
China Touyun Tech Group Ltd. published this content on 25 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 August 2017 12:57:04 UTC.
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