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.
China Modern Dairy Holdings Ltd.中 國 現 代 牧 業 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1117) UNAUDITED CONSOLIDATED FINANCIAL INFORMATION OF MODERN FARMING (GROUP) CO., LTD. A NON-WHOLLY OWNED SUBSIDIARY OF THE COMPANY FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016This announcement is made by the board (the "Board") of China Modern Dairy Holdings Ltd. (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of the Hong Kong Limited and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).
Reference is made to the announcements of the Company dated 11 February 2015 and
23 March 2016 in relation to the completion of the issuance by 現代牧業
(集團)有限公司 (Modern Farming (Group) Co., Ltd.) ("Modern Farm"), a non-wholly owned subsidiary of the Company, of the two tranches of the medium-term notes of principal amounts of RMB0.2 billion and RMB1.6 billion, respectively, and the announcements of the Company dated 25 January 2016, 16 June 2016 and 5 September 2016 in relation to the completion of the issuance by Modern Farm of the three tranches of the short-term debentures of principal amounts of RMB0.5 billion, RMB0.5 billion and RMB0.3 billion, respectively.
Pursuant to applicable laws and regulations in the People's Republic of China (the "PRC"), the unaudited consolidated financial information of Modern Farm for the nine months ended 30 September 2016 prepared in accordance with the PRC Generally Accepted Accounting Principles ("Modern Farm's Unaudited Consolidated Financial Information") will be published on the websites of Shanghai Clearing House (http://www.shclearing.com) and China Foreign Exchange Trade System (http://www.chinamoney.com.cn) on or before 31 October 2016.
Unaudited consolidated financial information of Modern Farm for the nine months ended 30 September 2015 is attached as Appendix to this announcement.
The Unaudited Consolidated Financial Information of Modern Farm is prepared in accordance with the PRC Generally Accepted Accounting Principles, which may require adjustment during the course of auditing. In addition, the information contained therein is limited solely to Modern Farm and its subsidiaries, which does not provide a full picture of the operation status of the Group. Shareholders and potential investors should exercise caution when dealing in the shares of the Company and should not rely solely on such information.Hong Kong, 24 October 2016
For and on behalf of the Board
China Modern Dairy Holdings Ltd. Ms. GAO LinaDeputy Chairman, Chief Executive Officer and Executive Director
As of the date of this announcement, the executive Directors are Ms. GAO Lina and Mr. HAN Chunlin, the non-executive Directors are Mr. YU Xubo, Mr. WOLHARDT Julian Juul, Mr. HUI Chi Kin Max, Mr. ZHANG Ping and Mr. SUN Yugang, the independent non-executive Directors are Mr. LI Shengli, Mr. LEE Kong Wai Conway, Mr. KANG Yan and Mr. ZOU Fei.
* For identification purposes only
Appendix Consolidated Income StatementPrepared by: Modern Farming (Group) Co., Ltd.
Nine months ended 30 September 2016 (Unaudited) RMB Nine months ended 30 September 2015 (Unaudited) RMB ItemI. | Operating income | 3,217,244,279.44 | 3,564,421,298.98 |
Less: Operating cost | 2,228,273,989.91 | 2,293,540,841.80 | |
Business taxes and surcharges | 164,616.94 | 46,701.61 | |
Selling expenses | 241,408,015.29 | 116,185,408.91 | |
Administrative expenses | 180,857,296.79 | 162,233,621.15 | |
Financial costs | 234,676,328.28 | 187,435,122.51 | |
Add: Gain arising from fair value | -666,109,988.79 | -249,017,696.43 | |
movements ("-" represents | |||
losses) Investment income | 7,215,418.40 | 1,432,527.15 | |
II. | Operating profit ("-" represents losses) | -327,030,538.16 | 557,394,433.72 |
Add: Non-operating income | 36,557,087.53 | 11,671,577.54 | |
Less: Non-operating expenses | 19,799,035.19 | 2,863,801.35 | |
III. | Total profit ("-" represents losses) | -310,272,485.82 | 566,202,209.91 |
Less: Income tax | 275,649.28 | 17,162,250.81 | |
IV. | Net profit ("-" represents losses) | -310,548,135.10 | 549,039,959.10 |
Including: Net profit attributable to | |||
the owners of the Parent | -286,246,230.16 | 523,718,555.99 | |
Non-controlling interests | -24,301,904.94 | 25,321,403.11 |
Prepared by: Modern Farming (Group) Co., Ltd.
At 30 September 2016 (Unaudited) RMB | At 31 December 2015 (Audited) RMB | |
Assets | ||
Current assets: Bank balances and cash | 1,572,871,775.46 | 881,905,572.76 |
Notes receivables | - | 23,152,662.08 |
Accounts receivables | 1,114,399,568.09 | 870,247,180.23 |
Other receivables | 35,916,399.61 | 119,815,292.90 |
Prepayments | 96,452,046.87 | 67,159,273.33 |
Interests receivables | 2,253,337.41 | 1,908,673.58 |
Inventories | 808,588,277.55 | 771,137,387.02 |
Total current assets | 3,630,481,404.99 | 2,735,326,041.90 |
Non-current assets: Long-term equity investment | - | 25,075,808.68 |
Available-for-sale investments | 24,954,840.00 | - |
Fixed assets | 4,603,185,634.00 | 4,710,484,067.74 |
Construction in progress | 103,951,954.68 | 159,268,600.30 |
Biological assets for production | 6,960,596,247.69 | 6,985,862,000.00 |
Intangible assets | 84,566,847.57 | 73,514,597.60 |
Long-term prepaid expenses | 6,754,475.77 | 5,116,329.98 |
Total non-current assets | 11,784,009,999.71 | 11,959,321,404.30 |
Total assets | 15,414,491,404.70 | 14,694,647,446.20 |
China Modern Dairy Holdings Ltd. published this content on 24 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2016 08:42:01 UTC.
Original documenthttp://www.moderndairyir.com/hongkong/01117/announce/330/EN/E CMD SUBSIDIARY_HBLFnlgarT6k.pdf
Public permalinkhttp://www.publicnow.com/view/BCDE8327FC43A171D45B7DBEF3CA3086ACF534BC