Universal Health Intl : INTERIM RESULTS ANNOUNCEMENT FOR... 2016-08-25

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UNIVERSAL HEALTH INTERNATIONAL GROUP HOLDING LIMITED

大健康國際集團控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2211) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2016 INTERIM RESULTS HIGHLIGHTS Six months ended 30 June 2016 2015

RMB Million (Unaudited)	RMB Million (Unaudited)	Change (%)
Revenue	1,903.8	2,570.9	-25.9
Gross profit	519.8	736.1	-29.4
Operating profit	115.3	331.0	-65.2
Profit for the period	87.4	248.4	-64.8
EBITDA	138.1	354.2	-61.0
Basic earnings per share - RMB cents	4.12	12.34	-66.6
Gross margin (%)	27.3	28.6	-1.3pp
Operating margin (%)	6.1	12.9	-6.8pp
Net margin (%)	4.6	9.7	-5.1pp

The board of directors (the "Board") of Universal Health International Group Holding Limited (the "Company") is pleased to announce the unaudited interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2016 (the "Period") together with the comparative figures for the corresponding period in 2015 as follows:

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Unaudited) Six months ended 30 June

Note	2016 RMB'000	2015 RMB'000
Revenue	2	1,903,845	2,570,945
Cost of sales	3	(1,384,006)	(1,834,871)
Gross profit	519,839	736,074
Selling and marketing expenses	3	(360,367)	(358,813)
Administrative expenses	3	(45,374)	(46,628)
Other income	1,668	414
Other losses - net	(417)	(10)
Operating profit	115,349	331,037
Finance income	4	7,192	4,523
Finance costs	4	(2,721)	(4,632)
Finance income/(costs) - net	4	4,471	(109)
Share of post-tax profits of joint ventures	441	545
Share of loss of an associate	(59)	-
Profit before income tax	120,202	331,473
Income tax expenses	5	(32,803)	(83,098)
Profit for the period	87,399	248,375
Profit attributable to: - Owners of the Company	85,837	244,678
- Non-controlling interests	1,562	3,697

87,399	248,375
Earnings per share attributable to owners of the Company for the period (RMB cents) - Basic and diluted	6	4.12	12.34
Other comprehensive loss Item that may be reclassified to profit or loss Currency translation differences	(2,249)	-
Total comprehensive income for the period	85,150	248,375
Total comprehensive income attributable to: - Owners of the Company	83,588	244,678
- Non-controlling interests	1,562	3,697
85,150	248,375

CONDENSED CONSOLIDATED STATEMENT OF BALANCE SHEET

Note	(Unaudited) As at 30 June 2016 RMB'000	(Audited) As at 31 December 2015 RMB'000
ASSETS Non-current assets Property, plant and equipment	109,436	103,167
Land use rights	3,666	3,713
Intangible assets	662,119	672,055
Investments in joint ventures	7,961	7,520
Investments in an associate	243,017	-
Deferred income tax assets	14,042	19,297
Total non-current assets	1,040,241	805,752
Current assets Trade and other receivables	8	354,845	442,853
Inventories	371,745	398,605
Restricted cash	207,228	227,414
Cash and cash equivalents	1,515,961	1,333,320
Total current assets	2,449,779	2,402,192
Total assets	3,490,020	3,207,944
EQUITY Equity attributable to owners of the Company Share capital	14,878	12,259
Other reserves	1,530,589	1,319,669
Retained earnings	1,342,559	1,256,722
2,888,026	2,588,650
Non-controlling interests	31,282	29,720
Total equity	2,919,308	2,618,370

(Unaudited) (Audited) As at 30 June

As at 31 December

LIABILITIES Non-current liabilities 2016 2015

Note RMB'000 RMB'000

Deferred income tax liabilities 43,940 46,585

Current liabilities

Borrowings	173,330	166,920
Trade and other payables	9	349,424	373,464
Current income tax liabilities	4,018	2,605
Total current liabilities	526,772	542,989
Total liabilities	570,712	589,574
Total equity and liabilities	3,490,020	3,207,944