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    468   KYG407691040

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED

(468)
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Delayed Hong Kong Stock Exchange  -  04:09 2022-08-05 am EDT
1.330 HKD    0.00%
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Greatview Aseptic Packaging : 30/06/2022 - Estimate of Net Profits (PDF, 69 kB)

06/30/2022 | 05:02am 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.

GREATVIEW ASEPTIC PACKAGING COMPANY LIMITED

(incorporated in the Cayman Islands with limited liability)

(Stock code: 00468)

ESTIMATE OF NET PROFITS

This announcement is made by Greatview Aseptic Packaging Company Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the latest results of the Group for the period from 1 January 2022 to 28 June 2022 (both days inclusive) (the "Period") and the information available for the time being, it is estimated that the Group will record a consolidated net profit between approximately RMB60.0 million to RMB70.0 million during the Period. The Company's consolidated net profit was approximately RMB144.6 million for the six months ended 30 June 2021.

The estimated decrease in the Group's consolidated net profit for the Period is mainly attributable to the ongoing significant increase in the cost of production and selling expenses as compared with the corresponding period last year. This increase is mainly driven by the continuing increase in the price of raw materials due to global shortage as well as the high international freight costs. If the above situation continues without any material improvement, a further percentage decrease in the consolidated net profit of the Group for the year ending 31 December 2022 as compared to the year ended 31 December 2021 is expected.

The information contained in this announcement is only based on a preliminary assessment of the latest unaudited consolidated management accounts of the Group for the Period and the information available at the current time. Such information has not been audited or reviewed by the auditors of the Company or the audit committee of the Company. The unaudited consolidated results of the Group for the six months ending 30 June 2022 are expected to be announced by the Company by the end of August 2022. If there is any material deviation in the unaudited consolidated results of the

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Group for the six months ending 30 June 2022 from the Group's preliminary assessment of the latest results of the Group for the Period above, the Group will make a separate announcement as soon as practicable.

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

By order of the Board

Greatview Aseptic Packaging Company Limited

BI Hua, Jeff

Chief Executive Officer and Executive Director

Beijing, the People's Republic of China, 30 June 2022

As of the date of this announcement, the Board comprises two executive directors, namely Mr. BI Hua, Jeff and Mr. CHANG Fuquan; two non-executive directors, namely Mr. HONG Gang and Mr. PANG Yiu Kai (his alternate being Mr. HSU David); and three independent non-executive directors, namely Mr. LUETH Allen Warren, Mr. BEHRENS Ernst Hermann and Mr. ZHU Jia.

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Disclaimer

Greatview Aseptic Packaging Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 09:01:01 UTC.


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Financials
Sales 2022 3 933 M 582 M 582 M
Net income 2022 251 M 37,1 M 37,1 M
Net cash 2022 337 M 49,8 M 49,8 M
P/E ratio 2022 6,09x
Yield 2022 3,19%
Capitalization 1 531 M 226 M 226 M
EV / Sales 2022 0,30x
EV / Sales 2023 0,28x
Nbr of Employees 1 754
Free-Float 49,9%
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Mean consensus OUTPERFORM
Number of Analysts 2
Last Close Price 1,15 CNY
Average target price 2,83 CNY
Spread / Average Target 147%
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Managers and Directors
Hua Bi Chief Executive Officer & Executive Director
Fu Quan Chang Chief Financial Officer & Executive Director
Gang Hong Chairman
Gui Ning Chen Chief Technical Officer
Jia Zhu Independent Non-Executive Director
Sector and Competitors