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 Hong Kong with limited liability)
(Stock Code: 392)
Overseas Regulatory Announcement
Results of a Subsidiary
This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
Beijing Yanjing Brewery Co., Ltd. ("Yanjing Brewery"), a subsidiary of Beijing Enterprises
Holdings Limited (the "Company"), has announced its unaudited financial results for the six months
ended 30 June 2020 on the website of the Shenzhen Stock Exchange (http://www.szse.cn). The
financial statements of Yanjing Brewery have been prepared in conformity with "Accounting
Standard for Enterprises" of the PRC.
A summary of the financial results of Yanjing Brewery is provided below:
Income Statement
For the six months ended 30 June
2020 | 2019 | ||
Unaudited | Unaudited | Change | |
(RMB '000) | (RMB '000) | ||
Revenue | 5,565,238 | 6,461,861 | -13.88% |
Profit before tax | 407,079 | 716,067 | -43.15% |
Income tax | (87,530) | (147,282) | -40.57% |
Profit for the period | 319,549 | 568,785 | -43.82% |
Profit attributable to the | 269,207 | 512,372 | -47.46% |
shareholders of Yanjing | |||
Brewery | |||
Balance Sheet | |||
As at | As at | ||
30 June 2020 | 31 December 2019 | ||
Unaudited | Audited | Change | |
(RMB '000) | (RMB '000) | ||
Total Assets | 19,896,675 | 18,161,511 | +9.55% |
Total Liabilities | 5,764,323 | 4,346,429 | +32.62% |
Total Equity | 14,132,352 | 13,815,082 | +2.30% |
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GENERAL INFORMATION
Beijing Enterprises Holdings Limited is a company incorporated in Hong Kong with limited liability, the shares of which are listed on the main board of the Stock Exchange (stock code: 392). Beijing Enterprises Holdings Limited and its subsidiaries are principally engaged in natural gas, beer, water and environmental, as well as solid waste treatment businesses in the PRC.
Yanjing Brewery is a company incorporated in the PRC with limited liability, the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000729). Yanjing Brewery is principally engaged in beer brewing and production of beverages including mineral water, etc and sales of related products.
As at 30 June 2020, Beijing Enterprises Holdings Limited indirectly holds approximately 79.77% equity interest in Beijing Yanjing Brewery Investment Co., Ltd.* (北京燕京啤酒投資有限公司), which directly holds approximately 57.40% equity interest in Yanjing Brewery. Yanjing Brewery is an indirect non-wholly owned subsidiary of Beijing Enterprises Holdings Limited.
Shareholders should note that the above unaudited results pertain only to Yanjing Brewery. The unaudited results have been consolidated in the accounts of the Company after adjustments in accordance with all applicable Hong Kong Financial Reporting Standards. Public investors and shareholders of the Company should exercise caution when dealing in its securities.
By Order of the Board
Beijing Enterprises Holdings Limited
Tam Chun Fai
Executive Director
Hong Kong, 28 August 2020
As at the date of this announcement, the board of directors of the Company comprises Mr. Hou Zibo (Chairman and Chief Executive Officer), Mr. Li Yongcheng, Mr. Zhao Xiaodong, Mr. Jiang Xinhao and Mr. Tam Chun Fai as executive directors; Mr. Wu Jiesi, Mr. Lam Hoi Ham, Dr. Sze Chi Ching and Dr. Yu Sun Say as independent non-executive directors.
* For identification purposes only
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BEHL - Beijing Enterprises Holdings Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 08:42:04 UTC