Yida China : Announcement of Unaudited Interim Results for the Six Months Ended 30 June 2017

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.

YIDA CHINA HOLDINGS LIMITED

億 達 中 國 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3639)

ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

FINANCIAL HIGHLIGHTS

For the six months ended 30 June 2017 (the ''Period''):

1. Recognised revenue amounted to RMB3,044.37 million, representing an increase of 7.5% as compared to the same period in 2016, of which:

   • the income derived from sale of properties was RMB2,527.95 million, representing an increase of 15.8% as compared to the same period in 2016;

   • the rental income was RMB186.67 million, representing a decrease of 1.6% from the corresponding period of last year;

   • the income from business park operation and management services was RMB35.74 million, representing an increase of 29.5% as compared to the same period in 2016;

   • the income from construction, decoration and landscaping was RMB122.26 million, representing a decrease of 58.2% as compared to the same period in 2016;

   • the income from property management was RMB171.75 million, representing an increase of 22.4% as compared to the same period in 2016;

2. The gross profit amounted to RMB864.59 million, and the gross profit margin was 28.4%;

3. The net profit amounted to RMB252.08 million, and the net profit margin was 8.3%;

4. Profit attributable to equity owners amounted to RMB203.16 million;

5. Basic earnings per share were RMB7.86 cents; and

6. The Board does not recommend any payment of interim dividend.

FINANCIAL INFORMATION

The board of directors (the ''Board'') of Yida China Holdings Limited (the ''Company'') hereby announces the unaudited consolidated results of the Company and its subsidiaries (the ''Group'') for the six months ended 30 June 2017 together with comparative figures for the corresponding period in 2016.

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2017

Six months ended 30 June

Notes	2017 RMB'000	2016 RMB'000
(Unaudited)	(Unaudited)
REVENUE	4	3,044,374	2,832,638
Cost of sales	(2,179,782)	(1,949,480)
Gross profit	864,592	883,158
Other income and gains	4	32,060	49,957
Selling and marketing expenses	(100,454)	(73,084)
Administrative expenses	(162,450)	(175,778)
Other expenses	(97,681)	(82,006)
Fair value gains on investment properties	59,691	46,784
Finance costs	6	(174,122)	(117,553)
Share of profits and losses of:
Joint ventures	21,735	27,099
Associates	(17,269)	(37,642)
PROFIT BEFORE TAX	5	426,102	520,935
Income tax expenses	7	(174,024)	(249,589)
PROFIT FOR THE PERIOD	252,078	271,346
Attributable to:
Owners of the parent	203,163	273,870
Non-controlling interests	48,915	(2,524)
252,078	271,346
EARNINGS PER SHARE ATTRIBUTABLE TO
ORDINARY EQUITY HOLDERS OF THE PARENT
Basic and diluted (RMB per share)	9	7. 86 c e nt s	10.60 cents

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the six months ended 30 June 2017

Six months ended 30 June

2017 RMB'000	2016 RMB'000
(Unaudited)	(Unaudited)
PROFIT FOR THE PERIOD	252,078	271,346
Other comprehensive income to be reclassified to
profit or loss in subsequent periods:
Exchange differences on translation of foreign operations	32,614	(13,412)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	284,692	257,934
Attributable to:
Owners of the parent	235,777	260,458
Non-controlling interests	48,915	(2,524)
284,692	257,934

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2017

Note	30 June 2017 RMB'000	31 December 2016 RMB'000
(Unaudited)	(Audited)
NON-CURRENT ASSETS
Property, plant and equipment	82,496	89,594
Investment properties	11,921,079	11,795,033
Investments in joint ventures	1,692,559	1,669,217
Investments in associates	468,866	479,425
Prepayments for acquisition of land	2,193,842	2,107,462
Land held for development for sale	529,677	730,421
Other receivables	442,817	614,895
Intangible assets	16,283	17,177
Available-for-sale investments	24,540	24,540
Deferred tax assets	119,456	141,330
Total non-current assets	17,491,615	17,669,094
CURRENT ASSETS
Inventories	12,744	8,172
Land held for development for sale	607,203	607,203
Properties under development	4,636,975	6,919,490
Completed properties held for sale	5,034,776	3,784,559
Prepayments for acquisition of land	249,655	249,655
Gross amounts due from contract customers	142,095	132,940
Trade receivables	10	602,519	814,411
Prepayments, deposits and other receivables	3,193,488	2,679,039
Prepaid corporate income tax	54,551	30,613
Prepaid land appreciation tax	169,519	161,174
Restricted cash	1,280,810	1,047,113
Cash and cash equivalents	3,487,268	1,856,039
Total current assets	19,471,603	18,290,408