Jujiang Construction : 2017-08-26ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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. Jujiang Construction Group Co., Ltd.

巨匠建設集團股份有限公司

(A joint stock limited liability company established in the People's Republic of China ) (Stock Code: 1459)

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

FINANCIAL HIGHLIGHTS
For the six months ended 30 June
2017	2016	Change
RMB'000	RMB'000	%
Revenue	2,080,395	1,999,078	4.07
Gross profit	114,435	118,180	(3.17)
Gross profit margin	5.50%	5.91%	(0.41)
Profit for the period	51,936	47,958	8.29
Net profit margin	2.50%	2.40%	0.10
Basic and diluted earnings per share (RMB)	0.10	0.09

INTERIM RESULTS

The board (the "Board") of directors (the "Directors") of Jujiang Construction Group Co., Ltd. (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries ( collectively the "Group") for the six months ended 30 June 2017, together with the comparative figures for the six months ended 30 June 2016. The interim results have been reviewed by the audit committee of the Company (the "Audit Committee").

INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June

2017	2016
RMB'000	RMB'000
Notes	(Unaudited)	(Unaudited)
Revenue	4	2,080,395	1,999,078
Cost of sales	(1,965,960)	(1,880,898)
Gross profit	114,435	118,180
Other income and gains	4	8,638	16,364
Administrative expenses	(32,875)	(37,242)
Other expenses	(4,414)	(7,944)
Finance costs	(17,354)	(22,434)
PROFIT BEFORE TAX	5	68,430	66,924
Income tax expense	6	(16,494)	(18,966)
PROFIT FOR THE PERIOD OTHER COMPREHENSIVE INCOME	51,936 -	47,958 -
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX	51,936	47,958
Profit attributable to:
Owners of the parent	51,558	47,975
Non-controlling interests	378	(17)
51,936	47,958
Total comprehensive income attributable to:
Owners of the parent	51,558	47,975
Non-controlling interests	378	(17)
51,936	47,958
Earnings per share attributable to ordinary equity holders of the parent:
Basic and diluted (expressed in RMB per share)	7	0.10	0.09

The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2017 (30 June 2016: Nil).

As at 30 June	As at 31 December
2017	2016
RMB'000	RMB'000
Notes	(Unaudited)	(Audited)
NON-CURRENT ASSETS
Property, plant and equipment	133,431	135,336
Prepaid land lease payments	9,142	9,288
Intangible assets	2,441	2,102
Available-for-sale investment	-	3,600
Deferred tax assets	15,478	15,891
Trade receivables	8	16,670	26,648
Prepayments, deposits and other receivables	62,906	47,707
Other non-current assets	19	116
Total non-current assets	240,087	240,688
CURRENT ASSETS
Prepaid land lease payments	291	291
Inventories	9,251	7,612
Trade and bills receivables	8	650,929	647,359
Prepayments, deposits and other receivables	477,264	488,918
Amounts due from contract customers	9	2,794,916	2,998,346
Pledged deposits	18,379	18,110
Cash and cash equivalents	57,541	65,013
Total current assets	4,008,571	4,225,649
CURRENT LIABILITIES
Trade and bills payables	10	2,035,008	2,330,523
Other payables, advances from customers and accruals	219,234	216,549
Amounts due to contract customers	9	226,309	113,970
Interest-bearing bank borrowings	11	570,858	644,491
Tax payable	132,634	130,544
Total current liabilities	3,184,043	3,436,077
NET CURRENT ASSETS	824,528	789,572
TOTAL ASSETS LESS CURRENT LIABILITIES	1,064,615	1,030,260

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June	As at 31 December
2017	2016
RMB'000	RMB'000
Notes	(Unaudited)	(Audited)
NON-CURRENT LIABILITIES
Other payables and accruals	7,223	24,804
Total non-current liabilities	7,223	24,804
Net assets	1,057,392	1,005,456
EQUITY
Equity attributable to owners of the parent
Share capital	533,360	533,360
Reserves	518,240	466,682
1,051,600	1,000,042
Non-controlling interests	5,792	5,414
Total equity	1,057,392	1,005,456