Want Want China : ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018

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: 0151)

ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018

FINANCIAL HIGHLIGHTS

Unaudited

Six months ended 30 September

2018	2017	Change
Key income statement items	RMB'000	RMB'000	%
(Restated)
Revenue	9,248,125	8,959,785	+3.2
Gross profit	4,116,942	3,885,279	+6.0
Operating profit	1,772,352	1,754,203	+1.0
Profit attributable to equity holders of the Company	1,364,413	1,274,100	+7.1
Key financial ratios	%	%	% point
Gross profit margin	44.5	43.4	+1.1
Operating profit margin	19.2	19.6	-0.4
Margin of profit attributable to equity
holders of the Company	14.8	14.2	+0.6

The board (the "Board") of directors (the "Directors") of Want Want China Holdings Limited (the "Company") is pleased to announce the unaudited interim condensed consolidated results of the Company and its subsidiaries (together, the "Group") for the six months ended 30 September 2018 together with the comparative figures for the corresponding period in the previous year as follows:

INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the six months ended 30 September 2018

Unaudited

Six months ended 30 September

Note	2018	2017
RMB'000	RMB'000
(Restated)
Revenue	5	9,248,125	8,959,785
Cost of sales	(5,131,183)	(5,074,506)
Gross profit	4,116,942	3,885,279
Other (losses)/gains - net	6	(4,343)	74,831
Other income	7	214,000	199,096
Distribution costs	(1,439,149)	(1,284,653)
Administrative expenses	(1,115,098)	(1,120,350)
Operating profit	1,772,352	1,754,203
Finance income	236,173	160,010
Finance costs	(123,770)	(147,210)
Finance income - net	112,403	12,800
Share of losses of associates	(3,697)	(3,251)
Profit before income tax	1,881,058	1,763,752
Income tax expense	8	(525,590)	(495,587)
Profit for the period	1,355,468	1,268,165
Profit attributable to:
- Equity holders of the Company	1,364,413	1,274,100
- Non-controlling interests	(8,945)	(5,935)
1,355,468	1,268,165
Earnings per share for profit attributable to
equity holders of the Company
Basic earnings per share	9	RMB10.96 cents	RMB10.18 cents
Diluted earnings per share	9	RMB10.96 cents	RMB10.18 cents

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30 September 2018

Unaudited

Six months ended 30 September

2018	2017
RMB'000	RMB'000
Profit for the period	1,355,468	1,268,165
Other comprehensive income
Items that may be reclassified subsequently to profit or loss
Change in value of available-for-sale financial assets	-	4,959
Currency translation differences	(518,869)	168,305
Items that will not be reclassified subsequently to profit or loss
Change in value of financial assets at fair value
through other comprehensive income	(3,869)	-
Other comprehensive income for the period	(522,738)	173,264
Total comprehensive income for the period	832,730	1,441,429
Total comprehensive income for the period attributable to:
- Equity holders of the Company	845,022	1,447,398
- Non-controlling interests	(12,292)	(5,969)
832,730	1,441,429

INTERIM CONDENSED CONSOLIDATED BALANCE SHEET As at 30 September 2018

Unaudited	Audited
30 September	31 March
Note	2018	2018
RMB'000	RMB'000
(Restated)
ASSETS
Non-current assets
Property, plant and equipment	7,571,496	7,800,800
Leasehold land and land use rights	1,136,517	1,149,627
Investment properties	39,360	39,293
Intangible assets	15,307	15,968
Investments in associates	31,720	28,859
Deferred income tax assets	285,603	248,560
Available-for-sale financial assets	-	46,962
Financial assets at fair value through
other comprehensive income	44,532	-
Other non-current assets	19,743	-
Total non-current assets	9,144,278	9,330,069
Current assets
Inventories	2,900,407	2,569,489
Trade receivables	11	991,646	1,146,340
Prepayments, deposits and other receivables	635,710	671,723
Financial assets at fair value through profit or loss	480,344	465,790
Cash and cash equivalents	13,476,445	12,499,692
Total current assets	18,484,552	17,353,034
Total assets	27,628,830	26,683,103

Unaudited	Audited
30 September	31 March
Note	2018	2018
RMB'000	RMB'000
(Restated)
EQUITY
Equity attributable to equity holders
of the Company
Share capital	1,871,067	1,871,067
Reserves	11,619,156	12,617,130
13,490,223	14,488,197
Non-controlling interests	99,320	122,703
Total equity	13,589,543	14,610,900
LIABILITIES
Non-current liabilities
Borrowings	7,931,881	3,101,257
Deferred income tax liabilities	199,638	144,200
Other non-current liabilities	99,936	97,794
Total non-current liabilities	8,231,455	3,343,251
Current liabilities
Trade payables	12	1,250,401	1,286,830
Accruals and other payables	1,860,949	1,902,794
Contract liabilities	909,908	1,320,652
Current income tax liabilities	274,540	415,820
Borrowings	1,512,034	3,802,856
Total current liabilities	5,807,832	8,728,952
Total liabilities	14,039,287	12,072,203
Total equity and liabilities	27,628,830	26,683,103