Hi Sun Technology China : ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 (in PDF)

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HI SUN TECHNOLOGY (CHINA) LIMITED

高陽科 技（中 國）有限公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 818) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016

FINANCIAL HIGHLIGHTS	1H2016	1H2015	Change
HK$'000	HK$'000	+/(-)
RESULTS
Revenue	657,453	465,191	+41%
Gross profit	204,026	157,145	+30%
Segmental EBITDA (before unallocated
items)	76,134	(7,039)	N/A
Share of profit of and gain/(loss) on dilution of interests in investments
accounted for using the equity method	104,590	88,996	+18%
Profit for the period	120,095	26,971	+345%
Profit/(loss) attributable to: - Equity holders of the Company	110,118	29,755	+270%
- Non-controlling interests	9,977	(2,784)	N/A
120,095	26,971
HK$	HK$	Change
per share	per share	+/(-)
Earnings per share for
profit attributable to
equity holders of the Company: Basic	0.04	0.01	+300%
Diluted	0.04	0.01	+300%

* For identification purposes only

As at 30 June 2016

As at 31 December

2015 Change

HK$'000 HK$'000 +/(-)

HIGHLIGHTS OF FINANCIAL POSITION

Total equity	3,470,397	3,337,944	+4%
Net current assets	1,391,402	1,532,973	-9%
Total assets	4,535,945	4,576,515	-1%
HK$ per share	HK$ per share	Change +/(-)
Net assets per share	1.25	1.20	+4%

The Board of Directors (the "Board") of Hi Sun Technology (China) Limited (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2016 together with the unaudited comparative figures for the corresponding period in 2015 as follows:

INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT Unaudited Six months ended 30 June

Notes	2016 HK$'000		2015 HK$'000
Revenue	4	657,453		465,191
Cost of sales	6	(453,427)		(308,046)
Gross profit	204,026		157,145
Other income	4	17,102		18,031
Other gain	4	198		-
Selling expenses	6	(47,312)		(62,757)
Administrative expenses	6	(149,450)		(174,227)
Operating profit/(loss)	24,564		(61,808)
Share of profit of and gain/(loss) on dilution of interests in investments accounted for using the equity method	15	104,590		88,996
Profit before income tax	129,154		27,188
Income tax expense	8	(9,059)		(217)
Profit for the period	120,095		26,971
Profit/(loss) attributable to: - Equity holders of the Company	110,118		29,755
- Non-controlling interests	9,977		(2,784)
120,095		26,971
Earnings per share for profit attributable to	HK$ per share		HK$ per share
equity holders of the Company:
Basic	10	0.04	0.01
Diluted	10	0.04	0.01

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Unaudited Six months ended 30 June 2016 2015

HK$'000 HK$'000

Profit for the period 120,095 26,971 Other comprehensive income/(loss), net of tax

Items that have been reclassified or may be subsequently reclassified to profit or loss

Exchange differences arising on translation of the financial

statements of foreign subsidiaries (467) 211

Fair value gains/(losses) on revaluation of

available-for-sale financial assets 11,916 (198)

Share of other comprehensive loss of and release of reserve upon dilution of interests in investments accounted for using the equity method

- exchange differences arising on translation

of the financial statements of foreign subsidiaries	(334)	(1,390)
Total comprehensive income for the period, net of tax	131,210	25,594
Total comprehensive income/(loss) attributable to: - Equity holders of the Company	121,369	28,360
- Non-controlling interests	9,841	(2,766)
131,210	25,594