Ying Li International Real Estate : 1H 2023 Results SGXNet Announcement

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Ying Li International Real Estate Limited

(Incorporated in the Republic of Singapore)

(Company Registration No.: 199106356W)

Unaudited Condensed Interim Consolidated Financial Statements

For the six months ended 30 June 2023

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Table of Contents

		Page
A.	Unaudited condensed interim consolidated statements of profit or loss and other	3
	comprehensive income
B.	Unaudited condensed interim consolidated statements of financial position	4
C.	Unaudited condensed interim consolidated statements of changes in equity	5
D.	Unaudited condensed interim consolidated statements of cash flows	7
E.	Notes to the unaudited condensed interim consolidated financial statements	8
F.	Other information required by Listing Rule Appendix 7.2	19

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1. Unaudited condensed interim consolidated statements of profit or loss and other comprehensive income

			The Group
		6 months ended	6 months ended	Increase /
	Note	30 June 2023	30 June 2022	(Decrease)
		RMB'000	RMB'000	%
Revenue	4.2	99,029	87,657	13.0%
Cost of sales		(28,993)	(22,079)	31.3%
Gross profit		70,036	65,578	6.8%
Other income	6.1	9,238	5,334	73.2%
Other gains/(losses) - net	6.1	4,167	(31,610)	n.m.
Marketing expenses		(6,726)	(12,768)	(47.3%)
Administrative expenses		(33,237)	(42,882)	(22.5%)
Finance expenses		(77,138)	(66,842)	15.4%
Loss before taxation	7	(33,660)	(83,190)	(59.5%)
Taxation	-	(42)	(100.0%)
Net loss for the financial period		(33,660)	(83,232)	(59.6%)
Other comprehensive loss
Item that may be reclassified to profit or loss in
subsequent period (net of tax)
Currency translation differences arising from
consolidation, net		(45,062)	(12,419)	262.8%
Total comprehensive loss for the period		(78,722)	(95,651)	(17.7%)
Net (loss)/profit attributable to:
Equity holders of the Company		(35,307)	(83,030)	(57.5%)
Non-controlling interests		1,647	(202)	n.m.
		(33,660)	(83,232)	(59.6%)
Total comprehensive (loss)/profit attributable to:		(80,369)	(95,449)	(15.8%)
Equity holders of the Company
Non-controlling interests		1,647	(202)	n.m.
		(78,722)	(95,651)	(17.7%)
Loss per share for net loss for the period attributable
to equity holders of the Company
Basic loss per share (RMB)	8(a)	(0.014)	(0.032)
Diluted loss per share (RMB)	8(b)	(0.014)	(0.032)

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1. Unaudited condensed interim consolidated statements of financial position

	Note
ASSETS
Current assets:	11
Development properties
Trade and other receivables	10
Cash and cash equivalents
Non-current assets:	12
Property, plant and equipment
Investments in subsidiaries	13
Investment properties	15
Financial asset, at fair value
through profit or loss ("FVPL")	14
Total assets
LIABILITIES
Current liabilities:	16
Trade and other payables
Current income tax liabilities	17
Borrowings
Provisions	18
Non-current liabilities:
Other payables - related party
Deferred income tax liabilities	17
Borrowings
Total liabilities
NET ASSETS
EQUITY
Capital and reserves:	19
Share capital
Reverse acquisition reserve

Statutory common reserve Convertible bonds reserve Perpetual convertible securities Currency translation reserve Accumulated losses

Equity attributable to equity holders of the Company Non-controlling interests

TOTAL EQUITY

The Group		The Company
30 June	31 December	30 June	31 December
2023	2022	2023	2022
RMB'000	RMB'000	RMB'000	RMB'000
962,488	964,622	-	-
391,091	440,931	2,630,665	2,685,426
390,384	370,773	1,901	2,677
1,743,963	1,776,326	2,632,566	2,688,103
49,630	50,745	1,888	17
-	-	3,116,474	3,116,474
4,094,073	4,094,253	-	-
210,000	210,000	-	-
4,353,703	4,354,998	3,118,362	3,116,491
6,097,666	6,131,324	5,750,928	5,804,594
392,412	428,771	1,466,614	1,435,719
179,845	179,647	-	-
583,471	513,963	480,185	573,585
442,644	421,907	-	-
1,598,372	1,544,288	1,946,799	2,009,304
249,949	224,092	249,949	224,092
365,181	365,181	-	-
1,945,017	1,962,000	-	-
2,560,147	2,551,273	249,949	224,092
4,158,519	4,095,561	2,196,748	2,233,396
1,939,147	2,035,763	3,554,180	3,571,198
4,028,372	4,028,372	4,028,372	4,028,372
(2,034,754)	(2,034,754)	-	-
91,018	91,018	-	-
42,458	42,458	42,458	42,458
878,970	878,970	878,970	878,970
(138,831)	(93,769)	(54,357)	(41,098)
(919,737)	(866,536)	(1,341,263)	(1,337,504)
1,947,496	2,045,759	3,554,180	3,571,198
(8,349)	(9,996)	-	-
1,939,147	2,035,763	3,554,180	3,571,198

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1. Unaudited condensed interim consolidated statements of changes in equity

		Reverse	Statutory	Convertible	Perpetual	Currency			Non-
	Share	acquisition	common	bonds	convertible	translation	Accumulated		controlling	Total
The Group	capital	reserve	reserve	reserve	securities	reserve	losses	Sub-total	interests	equity
RMB'000	RMB'000	RMB'000	RMB'000	RMB'000	RMB'000	RMB'000	RMB'000	RMB'000	RMB'000
Balance at 1 January 2023	4,028,372	(2,034,754)	91,018	42,458	878,970	(93,769)	(866,536)	2,045,759	(9,996)	2,035,763
Total comprehensive loss
for the period	-	-	-	-	-	(45,062)	(35,307)	(80,369)	1,647	(78,722)
Distribution on perpetual
convertible securities	-	-	-	-	-	-	(17,894)	(17,894)	-	(17,894)
Balance at 30 June 2023	4,028,372	(2,034,754)	91,018	42,458	878,970	(138,831)	(919,737)	1,947,496	(8,349)	1,939,147
Balance at 1 January 2022	4,028,372	(2,034,754)	91,018	42,458	878,970	34,880	(942,839)	2,098,105	(4,530)	2,093,575
Total comprehensive loss
for the period	-	-	-	-	-	(12,419)	(83,030)	(95,449)	(202)	(95,651)
Distribution on perpetual
convertible securities	-	-	-	-	-	-	(142,669)	(142,669)	-	(142,669)
Balance at 30 June 2022	4,028,372	(2,034,754)	91,018	42,458	878,970	22,461	(1,168,538)	1,859,987	(4,732)	1,855,255