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.
(incorporated in Bermuda with limited liability)
(Stock Code: 00152) 2017 INTERIM RESULTS ANNOUNCEMENTThe Board of Directors (the "Board") of Shenzhen International Holdings Limited (the "Company") is pleased to announce the unaudited interim consolidated results and interim consolidated balance sheet of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2017 (the "Period") together with comparative figures of consolidated results for the corresponding period in 2016 and consolidated balance sheet as of the year end of 2016 as follows:
INTERIM CONSOLIDATED INCOME STATEMENT-UNAUDITED Six months ended 30 June 2017 2016 Note HK$'000 HK$'000Revenue | (4), (5) | 4,205,179 | 3,578,014 |
Cost of sales | (2,530,536) | (2,011,481) | |
Gross profit | 1,674,643 | 1,566,533 | |
Other gains/ (losses)- net | 110,031 | (122,287) | |
Other income | 20,459 | 85,034 | |
Distribution costs | (35,173) | (35,792) | |
Administrative expenses | (201,745) | (201,214) | |
Operating profit | (6) | 1,568,215 | 1,292,274 |
Share of profit of joint ventures | 12,960 | 20,417 | |
Share of profit of associates | (12) | 706,402 | 539,831 |
Profit before finance costs and tax | 2,287,577 | 1,852,522 | |
Finance income | (7) | 58,201 | 136,269 |
Finance costs | (7) | (389,311) | (611,737) |
Finance costs - net | (7) | (331,110) | (475,468) |
Profit before income tax | 1,956,467 | 1,377,054 | |
Income tax expense | (8) | (360,680) | (319,806) |
Profit for the period | 1,595,787 | 1,057,248 |
Equity holders of the Company 1,104,129 632,223 Non-controlling interests 491,658 425,025
1,595,787 1,057,248
Earnings per share attributable to equity holders of the Company(expressed in HK dollars per share)
- Basic (9) 0.56 0.33
- Diluted (9) 0.56 0.33
Dividends (10) - - INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME- UNAUDITED Six months ended 30 June 2017 2016HK$'000 HK$'000
Profit for the period 1,595,787 1,057,248 Other comprehensive income/(loss):Items that may be reclassified to profit or loss:
Fair value losses on available-for-sale financial
assets, net of tax (46,061) (85,223)
Fair value gains on derivative financial
instruments, net of tax - 1,007
Share of other comprehensive income/(loss) of
associates | 44,643 | (22,665) |
Currency translation differences | 943,267 | (672,169) |
Total comprehensive income for the period Total comprehensive income attributable to: | 2,537,636 | 278,198 |
Equity holders of the Company | 1,725,714 | 103,022 |
Non-controlling interests | 811,922 | 175,176 |
2,537,636 | 278,198 |
Note | 30 June 2017 HK$'000 | 31 December 2016 HK$'000 | |
ASSETS | |||
Non-current assets Property, plant and equipment | 4,507,539 | 4,234,225 | |
Investment properties | 91,300 | 87,390 | |
Land use rights | 1,806,439 | 1,784,514 | |
Construction in progress | 2,208,166 | 2,056,347 | |
Intangible assets | (11) | 25,396,218 | 21,286,881 |
Interests in associates | (12) | 13,280,158 | 7,490,060 |
Interests in joint ventures | 82,192 | 260,234 | |
Available-for-sale financial assets | (13) | 222,966 | 104,353 |
Deferred tax assets | 536,557 | 144,189 | |
Other non-current assets | (14) | 1,394,509 | 1,284,155 |
49,526,044 | 38,732,348 | ||
Current assets Inventories | (15) | 3,064,622 | 2,919,482 |
Available-for-sale financial assets | (13) | 289,509 | 954,751 |
Derivative financial instruments | 15,915 | 113,233 | |
Trade and other receivables | (16) | 2,342,110 | 2,242,728 |
Restricted bank deposits Deposit in banks with original maturities over | 1,449,138 | 1,629,804 | |
3 months | 1,374,474 | 1,540,195 | |
Cash and cash equivalents | 5,503,550 | 8,253,937 | |
Assets of disposal group classified as held for | 14,039,318 | 17,654,130 | |
sale | (17) | 4,494,176 | 4,354,416 |
18,533,494 | 22,008,546 |
Share capital and share premium | 9,034,360 | 8,323,602 |
Other reserves and retained earnings | 11,194,305 | 10,310,529 |
20,228,665 | 18,634,131 | |
Non-controlling interests | 10,478,403 | 9,801,512 |
Total equity | 30,707,068 | 28,435,643 |
Note | 30 June 2017 HK$'000 | 31 December 2016 HK$'000 | |
Liabilities | |||
Non-current liabilities Borrowings | 10,087,638 | 7,574,893 | |
Provision for maintenance/resurfacing | |||
obligations | 131,914 | 142,286 | |
Deferred tax liabilities | 2,210,304 | 1,759,275 | |
Other non-current liabilities | 9,881,099 | 10,009,736 | |
22,310,955 | 19,486,190 | ||
Current liabilities Trade and other payables | (18) | 7,793,429 | 7,447,749 |
Income tax payable Provision for maintenance/resurfacing | 475,349 | 525,885 | |
obligations | 37,992 | 36,801 | |
Borrowings | 6,734,745 | 4,808,626 | |
15,041,515 | 12,819,061 | ||
Total liabilities | 37,352,470 | 32,305,251 | |
Total equity and liabilities | 68,059,538 | 60,740,894 | |
Notes: |
(All amounts in HK dollar thousands unless otherwise stated)
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General Information
The principal activities of the Group, its associates and joint ventures include the following businesses:
Toll roads; and
Logistic business.
The Group's operations are mainly in the People's Republic of China (the "PRC").
The Company is a limited liability company incorporated in Bermuda and is an investment holding company. The address of its registered office is Clarendon House, 2 Church Street, Hamilton HM11, Bermuda.
The Company has its listing on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
Shenzhen International Holdings Ltd. published this content on 23 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 August 2017 04:37:07 UTC.
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