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 the Cayman Islands with limited liability)
(Stock Code: 03382)
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018
OF TIANJIN PORT HOLDINGS CO., LTD.
This announcement is made by Tianjin Port Development Holdings Limited (the "Company") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to provide shareholders of the Company and the public with the audited consolidated financial results of its subsidiary, Tianjin Port Holdings Co., Ltd. ("Tianjin Port Co"), for the year ended 31 December 2018. The financial information therein is prepared in accordance with the China Accounting Standards for Business Enterprises.
Tianjin Port Co is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. As at the date of this announcement, the Company is interested in approximately 56.81% of Tianjin Port Co's issued share capital. The board of directors of Tianjin Port Co has approved the audited consolidated financial results for the year ended 31 December 2018. The audited consolidated income statement for the year ended 31 December 2018 and the audited condensed consolidated balance sheet as at 31 December 2018 of Tianjin Port Co are provided below:
For the year ended 31 December 2018
Unit : RMB YuanItem
For the year ended 31 December 2018 2017
1. Total operating income | 13,060,241,154.96 | 14,231,749,061.98 |
Including:Operating income | 13,060,241,154.96 | 14,231,749,061.98 |
2. Total operating costs | 12,289,642,363.78 | 13,024,622,849.77 |
Including:Costs of sales | 10,550,808,256.86 | 11,140,790,087.44 |
Tax and surcharge | 61,180,737.24 | 60,653,555.76 |
Administrative expenses | 1,221,184,542.80 | 1,298,198,520.02 |
Research and development expenses | 115,833,184.70 | 177,831,064.24 |
Finance expenses | 313,296,008.45 | 344,336,991.14 |
Including: Interest expenses | 410,483,001.00 | 404,105,468.42 |
Interest income | 77,302,267.35 | 94,105,970.36 |
Impairment losses on assets | 27,339,633.73 | 2,812,631.17 |
Add : Other income | 24,229,439.05 | 4,188,848.18 |
Investment income ("-"for loss) | 637,548,958.64 | 387,624,961.47 |
Including: Investment income from associates and | 377,123,608.21 | 369,691,733.87 |
Gain on disposal of assets ("-"for loss) | 16,827.46 | -405,792.38 |
3. Operating profit ("-"for loss) | 1,432,394,016.33 | 1,598,534,229.48 |
Add : Non-operating income | 49,237,294.35 | 44,083,355.92 |
Less : Non-operating expenses | 86,669,553.57 | 71,286,580.17 |
4. Total profit ("-"for total loss) | 1,394,961,757.11 | 1,571,331,005.23 |
Less : Income tax expenses | 416,179,441.32 | 333,269,409.36 |
5. Net profit ("-"for net loss) | 978,782,315.79 | 1,238,061,595.87 |
(1) Classified by continuity of operations | ||
1. Net profit from continuing operations ("-"for net loss) | 978,782,315.79 | 1,238,061,595.87 |
(2) Classified by ownership of equity | ||
1. Attributable to shareholders of the company | 600,472,867.78 | 823,876,471.76 |
2. Minority interests | 378,309,448.01 | 414,185,124.11 |
joint ventures
For the year ended 31 December 2018
Unit : RMB YuanItem
For the year ended 31 December 2018 2017
6. Other comprehensive income, net of tax -255,719,478.03 267,337,826.20
Other comprehensive income attributable to owners of the company, net of tax
(1) Other comprehensive income that will not be reclassified subsequently to profit or loss
(2) Other comprehensive income that may be reclassified subsequently to profit or loss
Fair value gains/(losses) on available-for-sale financial assets
Other comprehensive income attributable to minority interests, net of tax
7. Total comprehensive income
Total comprehensive income attributable to owners of the company
-154,284,314.57 159,825,532.32
-
-
-154,284,314.57 159,825,532.32
-154,284,314.57 159,825,532.32
-101,435,163.46 107,512,293.88
723,062,837.76 1,505,399,422.07
446,188,553.21 983,702,004.08
Total comprehensive income attributable to minority interests 276,874,284.55 521,697,417.99
8. Earnings per share:
(1) Basic earnings per share (RMB Yuan/share)
(2) Diluted earnings per share (RMB Yuan/share)
0.36 0.49
0.36 0.49
Tianjin Port Holdings Co., Ltd. Condensed Consolidated Balance Sheet As at 31 December 2018
Unit : RMB Yuan
31 December 2018 | 31 December 2017 | |
ASSETS | ||
Current assets | 7,660,880,604.97 | 8,886,456,887.28 |
Non-current assets | 26,541,033,540.08 | 27,145,043,258.52 |
Total assets | 34,201,914,145.05 | 36,031,500,145.80 |
LIABILITIES | ||
Current liabilities | 7,953,079,489.16 | 9,758,652,810.91 |
Non-current liabilities | 5,258,566,559.12 | 5,462,180,768.79 |
Total liabilities | 13,211,646,048.28 | 15,220,833,579.70 |
OWNERS' EQUITY (OR SHAREHOLDERS' EQUITY) | ||
Paid capital (or Share capital) | 1,674,769,120.00 | 1,674,769,120.00 |
Capital reserves | 2,858,861,158.15 | 2,860,200,743.00 |
Other comprehensive income | 198,027,471.01 | 352,311,785.58 |
Special reserves | 2,305,789.71 | 621,945.24 |
Surplus reserves | 2,179,160,872.82 | 2,049,614,056.94 |
Undistributed profit | 8,960,879,025.28 | 8,742,493,215.31 |
Equity attributable to owners of the company | 15,874,003,436.97 | 15,680,010,866.07 |
Minority interests | 5,116,264,659.80 | 5,130,655,700.03 |
Total owners' equity (or shareholders' equity) | 20,990,268,096.77 | 20,810,666,566.10 |
Total liabilities and owners' equity (or shareholders' | ||
34,201,914,145.05 | 36,031,500,145.80 | |
equity) |
Item
Shareholders of the Company should note that the above audited financial information pertains only to Tianjin Port Co and not to the Company itself.
Details of the audited consolidated financial results of Tianjin Port Co for the year ended 31 December 2018 are available on the website of Shanghai Stock Exchange atwww.sse.com.cn.
By Order of the Board
Tianjin Port Development Holdings Limited
Chu Bin
Chairman
Hong Kong, 22 March 2019
As at the date of this announcement, the board of directors of the Company comprises Mr. Chu Bin, Mr. Li Quanyong, Mr. Sun Bin, Mr. Wang Junzhong and Ms. Shi Jing as executive directors; Professor Japhet Sebastian Law, Mr. Cheng Chi Pang, Leslie and Mr. Zhang Weidong as independent non-executive directors.
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Tianjin Port Development Holdings Ltd. published this content on 22 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2019 15:14:06 UTC