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    2337   KYG9354A1031

UNITED STRENGTH POWER HOLDINGS LIMITED

(2337)
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United Strength Power : CORRIGENDUM ANNOUNCEMENT REGARDING THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021

09/03/2021 | 05:22am EST

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.

UNITED STRENGTH POWER HOLDINGS LIMITED

眾 誠 能 源 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2337)

CORRIGENDUM ANNOUNCEMENT REGARDING

THE INTERIM RESULTS

FOR THE SIX MONTHS ENDED 30 JUNE 2021

On 26 August 2021, United Strength Power Holdings Limited (the "Company") published the announcement of unaudited interim results for the six months ended 30 June 2021 (the "Announcement") on The Stock Exchange of Hong Kong Limited. Upon subsequent review, the Company noted that some parts of the content under "Note 3(b)(i) Segment results" on page 9 of the Announcement were inaccurate. Correction is made to such content with details as follows:

BEFORE CORRECTION:

Note 3(b)(i) Segment results

Six months ended 30 June 2021

Provision of

Sale of

Sale of

transportation

refined oil

natural gas

services

Total

RMB'000

RMB'000

RMB'000

RMB'000

Disaggregated by timing of

revenue recognition:

2,160,684

105,997

-

2,266,681

- Point in time

- Over time

-

-

24,620

24,620

Revenue from external customers

2,160,684

105,997

24,620

2,291,301

Inter-segment revenue

9,508

151

23,975

33,634

Reportable segment revenue

2,170,192

106,148

48,595

2,324,935

Reportable segment gross profit

269,720

42,810

14,620

327,150

- 1 -

AFTER CORRECTION:

Note 3(b)(i) Segment results

Six months ended 30 June 2021

Sale of

Sale of

Provision of

transportation

refined oil

natural gas

services

Total

RMB'000

RMB'000

RMB'000

RMB'000

Disaggregated by timing of

revenue recognition:

2,160,684

105,997

-

2,266,681

- Point in time

- Over time

-

-

24,620

24,620

Revenue from external customers

2,160,684

105,997

24,620

2,291,301

Inter-segment revenue

9,508

151

23,975

33,634

Reportable segment revenue

2,170,192

106,148

48,595

2,324,935

Reportable segment gross profit

261,168

36,890

29,092

327,150

Except as stated above, all other information contained in the Announcement remains unchanged.

By order of the Board

United Strength Power Holdings Limited

Mr. Zhao Jinmin

Chairman and chief executive officer

Hong Kong, 3 September 2021

As at the date of this announcement, the Board comprises four executive Directors, being Mr. Zhao Jinmin, Mr. Liu Yingwu, Mr. Yuan Limin and Mr. Ma Haidong, the non-executive Director, being Mr. Xu Huilin, and three independent non-executive Directors, being Ms. Su Dan, Mr. Lau Ying Kit and Mr. Zhang Zhifeng.

- 2 -

Disclaimer

United Strength Power Holdings Ltd. published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 09:21:05 UTC.


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Financials
Sales 2020 3 481 M 547 M 547 M
Net income 2020 123 M 19,4 M 19,4 M
Net Debt 2020 466 M 73,1 M 73,1 M
P/E ratio 2020 21,5x
Yield 2020 0,59%
Capitalization 4 734 M 608 M 743 M
EV / Sales 2019 0,38x
EV / Sales 2020 0,95x
Nbr of Employees 1 718
Free-Float 26,6%
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Managers and Directors
Jin Min Zhao Chairman & Chief Executive Officer
Wai Kit Lo Chief Financial Officer & Secretary
Xiao Dan Bian Chief Administrative Officer
Dan Su Independent Non-Executive Director
Ying Kit Lau Independent Non-Executive Director
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