Shuanghua : ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

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Shuanghua Holdings Limited

雙樺控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1241) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

The Board of Directors (the "Board") of Shuanghua Holdings Limited (the "Company", together with its subsidiaries, the "Group") announces the unaudited condensed consolidated results of the Company for the six months ended 30 June 2017 together with comparative figures as follows. These interim financial statements have not been audited, but have been reviewed by the Audit Committee of the Company.

REVENUE	4	42,299	69,475
Cost of sales	(38,112)	(54,688)
Gross profit	4,187	14,787
Other income, gains and losses	4	2,019	3,357
Selling and distribution costs	(2,103)	(5,407)
Administrative expenses	(10,231)	(12,550)
Other expenses	(542)	(135)
(LOSS)/PROFIT BEFORE TAX	5	(6,670)	52
Income tax expense	6	(657)	(3,412)
LOSS FOR THE PERIOD	(7,327)	(3,360)
OTHER COMPREHENSIVE INCOME Items that may be reclassified subsequently

to profit or loss:

Exchange differences on translation of

foreign operations (9) 9

Net movement in fair value reserve for available-

for-sale investment	864	-
OTHER COMPREHENSIVE INCOME	855	9
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	(6,472)	(3,351)
LOSS FOR THE PERIOD ATTRIBUTABLE TO: Owners of the Company Non-controlling interests	(7,327) -	(3,360) -
(7,327)	(3,360)

TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO:

Owners of the Company (6,472) (3,351)

Non-controlling interests - -

(6,472) (3,351) LOSS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY

Basic and diluted 7 (1.13 cents) (0.52 cents)

INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at 30 June 2017

Notes	30 June 2017 RMB'000 (Unaudited)	31 December 2016 RMB'000 (Audited)
NON-CURRENT ASSETS Property, plant and equipment	91,677	95,382
Prepaid land lease payments	64,316	65,231
Available-for-sale investment	9,755	8,891
Deferred tax assets	6,626	7,031
Total non-current assets	172,374	176,535
CURRENT ASSETS Inventories	39,214	43,204
Trade and notes receivables	9	57,392	65,767
Prepayments, deposits and other receivables Financial assets at fair value through profit or loss	6,177 36,000	7,787 59,000
Pledged deposits	2,500	-
Cash and cash equivalents	131,129	95,818
Total current assets	272,412	271,576
CURRENT LIABILITIES Trade and bills payables	10	33,443	27,297
Other payables and accruals	14,056	15,881
Provision	1,081	1,355
Government grants	2,021	2,021
Tax payable	618	515
Total current liabilities	51,219	47,069
NET CURRENT ASSETS	221,193	224,507
TOTAL ASSETS LESS CURRENT LIABILITIES	393,567	401,042