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(Incorporated in the Cayman Islands with limited liability)
(Stock code: 813)
OVERSEAS REGULATORY ANNOUNCEMENT
SHANGHAI SHIMAO CO., LTD.
A SUBSIDIARY OF SHIMAO GROUP HOLDINGS LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2021
Shanghai Shimao Co., Ltd. ("Shanghai Shimao"), a subsidiary of Shimao Group Holdings Limited (the "Company"), is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. The Company has an approximately 63.92% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the unaudited consolidated financial results for the three months ended 31 March 2021. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the three months ended 31 March 2021 and the consolidated balance sheet as at 31 March 2021 of Shanghai Shimao are provided below:
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SHANGHAI SHIMAO CO., LTD.
CONSOLIDATED INCOME STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2021
2021 | 2020 | ||
RMB | RMB | ||
(Restated) | |||
1. | Operating income | 3,687,055,803.40 | 2,806,597,644.39 |
Less: Operating costs | 2,259,664,358.98 | 1,695,210,787.17 | |
Operating taxes and surcharges | 239,513,885.22 | 136,030,381.61 | |
Selling expenses | 211,625,714.74 | 89,296,345.62 | |
General and administrative expenses | 174,460,905.42 | 131,487,185.41 | |
Financial expenses | 70,894,921.74 | 61,601,252.67 | |
Investment loss | 27,216,117.30 | 25,029,649.36 | |
Allowance for credit loss | (480,747.71) | 347,820.68 | |
Impairment loss of assets | 23,004.80 | 14,395,227.07 | |
Add: Loss on disposal of assets | (954,192.11) | (5,902.63) | |
Other income | 683,649.59 | 369,540.15 | |
2. | Operating profit | 703,867,100.39 | 653,562,632.32 |
Add: Non-operating income | 9,923,498.20 | 26,118,262.02 | |
Less: Non-operating expenses | 5,311,570.23 | 5,108,504.25 | |
3. | Total profit | 708,479,028.36 | 674,572,390.09 |
Less: Income tax expenses | 191,512,337.66 | 187,280,876.04 | |
4. | Net profit | 516,966,690.70 | 487,291,514.05 |
Net profit attributable to equity holders of | 236,021,064.65 | 214,814,155.40 | |
Shanghai Shimao | |||
Net profit attributable to minority | 280,945,626.05 | 272,477,358.65 | |
shareholders |
5. Earnings per share
Earnings per share - basic | 0.06 | 0.06 | |
Earnings per share - diluted | 0.06 | 0.06 | |
6. | Other comprehensive loss | (15,423,478.98) | (45,634,209.38) |
7. | Total comprehensive income | 501,543,211.72 | 441,657,304.67 |
Total comprehensive income attributable | 223,804,943.08 | 170,942,471.60 | |
to equity holders of Shanghai Shimao | |||
Total comprehensive income attributable | 277,738,268.64 | 270,714,833.07 | |
to minority shareholders |
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SHANGHAI SHIMAO CO., LTD.
CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021
31 March 2021 | 31 December 2020 | |
RMB | RMB | |
ASSETS | ||
Current assets | 90,241,746,063.77 | 88,995,539,374.03 |
Non-current assets | 60,235,559,423.46 | 60,309,214,602.55 |
Total assets | 150,477,305,487.23 | 149,304,753,976.58 |
LIABILITIES AND | ||
SHAREHOLDERS' EQUITY | ||
Current liabilities | 73,682,146,866.09 | 75,567,585,919.84 |
Non-current liabilities | 26,360,980,840.53 | 23,825,124,169.62 |
Total liabilities | 100,043,127,706.62 | 99,392,710,089.46 |
Shareholders' equity | ||
Share capital | 3,751,168,261.00 | 3,751,168,261.00 |
Capital reserve | 778,163,752.75 | 778,163,752.75 |
Other comprehensive income | 3,903,003,287.25 | 3,915,219,408.82 |
Surplus reserve | 883,806,177.18 | 883,806,177.18 |
Retained profits | 16,996,099,171.00 | 16,760,078,106.35 |
Equity attributable to equity holders of | 26,312,240,649.18 | 26,088,435,706.10 |
Shanghai Shimao | ||
Minority interests in equity | 24,121,937,131.43 | 23,823,608,181.02 |
Total owners' equity | 50,434,177,780.61 | 49,912,043,887.12 |
Total liabilities and owners' equity | 150,477,305,487.23 | 149,304,753,976.58 |
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GENERAL
Shareholders should note that the above unaudited financial information pertains only to Shanghai Shimao and not to the Company itself.
Details of the unaudited consolidated financial results of Shanghai Shimao for the three months ended 31 March 2021 are accessible at the Shanghai Stock Exchange's website (www.sse.com.cn).
On behalf of the Board
Shimao Group Holdings Limited
Hui Wing Mau
Chairman
Hong Kong, 29 April 2021
As at the date of this announcement, the board of directors of the Company comprises four Executive Directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman and President), Ms. Tang Fei and Mr. Lu Yi; one Non-executive Director, namely, Mr. Ye Mingjie; and three Independent Non-executive Directors, namely, Ms. Kan Lai Kuen, Alice, Mr. Lyu Hong Bing and Mr. Lam Ching Kam.
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Shimao Property Holdings Limited published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 09:32:03 UTC.