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.
INSIDE INFORMATION UNAUDITED FINANCIAL INFORMATION FOR
THE YEAR ENDED 31 DECEMBER 2016
This announcement is made by Sino-Ocean Group Holding Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rule 13.09(2) of the Rules (the ''Listing Rules'') Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Hong Kong Stock Exchange'') and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
A substantial shareholder of the Company, China Life Insurance Company Limited (a company listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange) will shortly announce its annual results for the year ended 31 December 2016, which would contain certain unaudited financial information of the Group for the year ended 31 December 2016 which has not previously been made public. Set forth below are the key financial information of the Group for the year ended 31 December 2016 which may constitute inside information of the Company:
For the year ended 31 December
2016
RMB million
Total assets 151,265
Total liabilities 101,935
Total equity 49,330
Total equity attributable to owners of the Company 43,999
For the year ended 31 December | |
2016 | |
RMB million | |
Revenue | 34,551 |
Interest and other income | 1,508 |
Other losses-net | (86) |
Fair value gains on investment properties | 1,763 |
Share of results of joint ventures | 54 |
Share of results of associates | ( 4 2) |
Total | 3 7 , 7 4 8 |
Profit for the year | 4,446 |
Other comprehensive loss for the year | (163) |
Total comprehensive income for the year | 4,282 |
The above financial information of the Group for the year ended 31 December 2016 was based on the Hong Kong Financial Reporting Standards (HKFRS) and has not been audited or reviewed by the Company's auditors. Shareholders and potential investors of the Company are advised not to place undue reliance on such information. Details of the financial information of the Group for the year ended 31 December 2016 to be disclosed in the Company's annual results announcement to be issued on 30 March 2017 shall prevail over the information contained in this announcement.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
By order of the Board
Sino-Ocean Group Holding Limited CHUNG Kai Cheong Company Secretary
Hong Kong, 22 March 2017
As at the date of this announcement, the directors of the Company comprise:
Executive Directors: Non-executive Directors: Independent non-executive Directors:
Mr. LI Ming Mr. LI Hu
Mr. WANG Yeyi Mr. SUM Pui Ying
Mr. WEN Haicheng Mr. LI Hongbo
Mr. ZHAO Lijun Mr. YAO Dafeng Mr. FANG Jun
Ms. SHANGGUAN Qing
Mr. TSANG Hing Lun Mr. HAN Xiaojing
Mr. WANG Zhifeng Mr. SUEN Man Tak Mr. JIN Qingjun
Sino-Ocean Land Holdings Limited published this content on 21 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 March 2017 10:19:19 UTC.
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