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: 509)
VOLUNTARY DISCLOSURE
2017 THIRD QUARTER OPERATIONAL PERFORMANCE
Century Sunshine Group Holdings Limited (the "Company") and its subsidiaries (collectively, the "Group") are pleased to provide a voluntary disclosure on the unaudited key operational data, for the nine months ended 30 September 2017 (the "Third Quarter").
Information in this announcement was based on the preliminary assessment of the Group's management accounts which had not been reviewed or audited by the auditors of the Company. The unaudited key operational data in this announcement should be read in conjunction with the Group's latest annual report and interim report. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
UNAUDITED QUARTERLY OPERATIONAL PERFORMANCE
Key operational data
Unaudited key operational data for the nine months ended 30 September 2017, together with the comparative figures for the corresponding period in 2016, are as follows. Main products listed below contributed over 89% of the Group's total revenue for the nine month period ended 30 September 2017.
(a) Sales volume of major products:
2017
2016
Tonnes
Tonnes
Increased %
Fertiliser business Magnesium product business
719,003 36,418
510,593 40.8
26,536 37.2
(b) Average selling price of major products:
2017 per tonne
2016 Decreased
per tonne
HK$
HK$
%
Fertiliser business Magnesium product business
2,033 22,859
2,060 (1.3)
25,213 (9.3)
Note:
Decrease in the average selling price of the fertiliser and magnesium product businesses were mainly due to the depreciation of Reminbi against Hong Kong dollars and fluctuation in commodity price as compered with corresponding period last year.
(c)
Gross profit margins of major products: | |||
2017 | 2016 | Decreased | |
Percentage | |||
% | % | points | |
Fertiliser business | 23.0 | 28.5 | (5.5) |
Magnesium product business | 25.8 | 30.4 | (4.6) |
The Group's gross profit margin | 24.7 | 30.3 | (5.6) |
Note:
Decrease in gross profit margins mainly due to the change in product mix, resulting from increased sale volume of compound fertilisers after acquisition of Shandong Hongri and increased sale volume of basic magnesium product from capacity increment of Xinjiang production base as compared with last year corresponding period.
Information in this announcement was based on the preliminary assessment of the Group's management accounts which had not been reviewed or audited by the auditors of the Company. The unaudited key operational data in this announcement should be read in conjunction with the Group's latest annual report and interim report. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.
By Order of the Board
Century Sunshine Group Holdings Limited
Chi Wen Fu
Chairman
Hong Kong, 18 December 2017
As at the date of this announcement, the directors of the Company are:
Executive directors: | Mr. Chi Wen Fu, Mr. Shum Sai Chit and |
Ms. Chi Bi Fen | |
Non-executive director: | Mr. Guo Mengyong |
Independent non-executive | Mr. Kwong Ping Man, Mr. Sheng Hong and |
directors: | Mr. Lau Chi Kit |
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Century Sunshine Group Holdings Limited published this content on 18 December 2017 and is solely responsible for the information contained herein.
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