大 豐 港 和 順 科 技 股 份 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8310) INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITEDGrowth Enterprise Market ("GEM") has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors.
Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board and no assurance is given that there will be a liquid market in the securities traded on GEM.
Hong Kong Exchanges and Clearing Limited and the Stock Exchange 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.
This announcement, for which the directors (the "Directors") of Dafeng Port Heshun Technology Company Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
The board of Directors of the Company (the "Board") is pleased to present the unaudited condensed consolidated financial results of the Company and its subsidiaries (collectively referred to as the "Group") for the three months and six months ended 30 June 2017 (the "Interim Financial Statements ") together with the comparative figures for the corresponding periods in 2016 as follows:
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOMEFor the three months and six months ended 30 June 2017
Unaudited Three months ended 30 June | Unaudited Six months ended 30 June | ||||
2017 | 2016 | 2017 | 2016 | ||
Note | HK$'000 | HK$'000 | HK$'000 | HK$'000 | |
Revenue | 4 | 784,186 | 59,195 | 1,479,462 | 108,539 |
Cost of sales | (760,041) | (48,514) | (1,441,484) | (90,649) | |
Gross profit | 24,145 | 10,681 | 37,978 | 17,890 | |
Other income | 5 | 3,218 | 839 | 9,581 | 1,762 |
Administrative expenses | (26,673) | (16,150) | (47,840) | (30,367) | |
Finance costs | 6 | (3,282) | (46) | (4,232) | (200) |
Gain (loss) on disposal of subsidiaries | 12,844 | (968) | 12,844 | (968) | |
Share of results of associates | (90) | 134 | (519) | 140 | |
Profit/(Loss) before taxation | 6 | 10,613 | (5,510) | 7,812 | (11,743) |
Taxation | 7 | (1,944) | (76) | (2,318) | (16) |
Profit/(loss) for the period | 8,219 | (5,586) | 5,494 | (11,759) | |
Other comprehensive income/(loss): | |||||
Item that may be reclassified to profit or loss in subsequent periods: | |||||
Exchange difference arising from translation of foreign operations | 2,489 | (1,005) | 1,893 | (1,170) | |
Total comprehensive income/(loss) for the period | 10,708 | (6,591) | 7,387 | (12,929) |
Unaudited Three months ended 30 June | Unaudited Six months ended 30 June | ||||
2017 | 2016 | 2017 | 2016 | ||
Note | HK$'000 | HK$'000 | HK$'000 | HK$'000 | |
Profit/(loss) attributable to: | |||||
Equity holders of the Company | 3,679 | (5,578) | 1,076 | (11,741) | |
Non-controlling interests | 4,450 | (8) | 4,418 | (18) | |
8,219 | (5,586) | 5,494 | (11,759) | ||
Total comprehensive income/(loss) attributable to: | |||||
Equity holders of the Company | 6,258 | (6,583) | 2,969 | (12,911) | |
Non-controlling interests | 4,450 | (8) | 4,418 | (18) | |
10,708 | (6,591) | 7,387 | (12,929) | ||
Profit/(loss) per share attributable to equity holders of the Company | |||||
Basic and diluted (HK cents) | 9 | 0.64 | (0.47) | 0.43 | (1.02) |
As at 30 June 2017
Unaudited As at 30 June 2017 | Audited As at 31 December 2016 | ||
Note | HK$'000 | HK$'000 | |
Non-current assets | |||
Property, plant and equipment | 10 | 98,759 | 144,770 |
Goodwill | 15,280 | 14,844 | |
Prepaid lease payment | 43,525 | 42,176 | |
Prepayments for purchase of property, plant and equipment | 8,623 | 8,372 | |
Pleaged deposit for finance lease arrangement | - | 4,236 | |
Interests in associates | 6,005 | 6,744 | |
172,192 | 221,142 | ||
Current assets | |||
Available-for-sale financial assets | 8,806 | 8,806 | |
Prepaid lease payments | 999 | 970 | |
Inventories | 2,344 | 43 | |
Trade and other receivables | 11 | 457,738 | 330,098 |
Pledged bank deposits | 12(a) | 311,232 | 1,270 |
Bank balances and cash | 12 | 137,053 | 36,070 |
918,172 | 377,257 | ||
Assets classified as held for sale | - | 149 | |
918,172 | 377,406 | ||
Current liabilities | |||
Trade and other payables | 13 | 324,167 | 366,975 |
Current portion of interest-bearing borrowings | 14 | 469,848 | 18,159 |
Taxation | 1,585 | 3,868 | |
795,600 | 389,002 | ||
Net current assets (liabilities) | 122,572 | (11,596) | |
Total assets less current liabilities | 294,764 | 209,546 |
Dafeng Port Heshun Technology Co. Ltd. published this content on 10 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 August 2017 03:20:06 UTC.
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