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: 0151)
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2018
FINANCIAL HIGHLIGHTS
Unaudited
Six months ended 30 September
2018 | 2017 | Change | |
Key income statement items | RMB'000 | RMB'000 | % |
(Restated) | |||
Revenue | 9,248,125 | 8,959,785 | +3.2 |
Gross profit | 4,116,942 | 3,885,279 | +6.0 |
Operating profit | 1,772,352 | 1,754,203 | +1.0 |
Profit attributable to equity holders of the Company | 1,364,413 | 1,274,100 | +7.1 |
Key financial ratios | % | % | % point |
Gross profit margin | 44.5 | 43.4 | +1.1 |
Operating profit margin | 19.2 | 19.6 | -0.4 |
Margin of profit attributable to equity | |||
holders of the Company | 14.8 | 14.2 | +0.6 |
The board (the "Board") of directors (the "Directors") of Want Want China Holdings Limited (the "Company") is pleased to announce the unaudited interim condensed consolidated results of the Company and its subsidiaries (together, the "Group") for the six months ended 30 September 2018 together with the comparative figures for the corresponding period in the previous year as follows:
INTERIM CONDENSED CONSOLIDATED STATEMENT OF INCOME
For the six months ended 30 September 2018
Unaudited
Six months ended 30 September
Note | 2018 | 2017 | |
RMB'000 | RMB'000 | ||
(Restated) | |||
Revenue | 5 | 9,248,125 | 8,959,785 |
Cost of sales | (5,131,183) | (5,074,506) | |
Gross profit | 4,116,942 | 3,885,279 | |
Other (losses)/gains - net | 6 | (4,343) | 74,831 |
Other income | 7 | 214,000 | 199,096 |
Distribution costs | (1,439,149) | (1,284,653) | |
Administrative expenses | (1,115,098) | (1,120,350) | |
Operating profit | 1,772,352 | 1,754,203 | |
Finance income | 236,173 | 160,010 | |
Finance costs | (123,770) | (147,210) | |
Finance income - net | 112,403 | 12,800 | |
Share of losses of associates | (3,697) | (3,251) | |
Profit before income tax | 1,881,058 | 1,763,752 | |
Income tax expense | 8 | (525,590) | (495,587) |
Profit for the period | 1,355,468 | 1,268,165 | |
Profit attributable to: | |||
- Equity holders of the Company | 1,364,413 | 1,274,100 | |
- Non-controlling interests | (8,945) | (5,935) | |
1,355,468 | 1,268,165 | ||
Earnings per share for profit attributable to | |||
equity holders of the Company | |||
Basic earnings per share | 9 | RMB10.96 cents | RMB10.18 cents |
Diluted earnings per share | 9 | RMB10.96 cents | RMB10.18 cents |
INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the six months ended 30 September 2018
Unaudited
Six months ended 30 September
2018 | 2017 | |
RMB'000 | RMB'000 | |
Profit for the period | 1,355,468 | 1,268,165 |
Other comprehensive income | ||
Items that may be reclassified subsequently to profit or loss | ||
Change in value of available-for-sale financial assets | - | 4,959 |
Currency translation differences | (518,869) | 168,305 |
Items that will not be reclassified subsequently to profit or loss | ||
Change in value of financial assets at fair value | ||
through other comprehensive income | (3,869) | - |
Other comprehensive income for the period | (522,738) | 173,264 |
Total comprehensive income for the period | 832,730 | 1,441,429 |
Total comprehensive income for the period attributable to: | ||
- Equity holders of the Company | 845,022 | 1,447,398 |
- Non-controlling interests | (12,292) | (5,969) |
832,730 | 1,441,429 |
INTERIM CONDENSED CONSOLIDATED BALANCE SHEET As at 30 September 2018
Unaudited | Audited | ||
30 September | 31 March | ||
Note | 2018 | 2018 | |
RMB'000 | RMB'000 | ||
(Restated) | |||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 7,571,496 | 7,800,800 | |
Leasehold land and land use rights | 1,136,517 | 1,149,627 | |
Investment properties | 39,360 | 39,293 | |
Intangible assets | 15,307 | 15,968 | |
Investments in associates | 31,720 | 28,859 | |
Deferred income tax assets | 285,603 | 248,560 | |
Available-for-sale financial assets | - | 46,962 | |
Financial assets at fair value through | |||
other comprehensive income | 44,532 | - | |
Other non-current assets | 19,743 | - | |
Total non-current assets | 9,144,278 | 9,330,069 | |
Current assets | |||
Inventories | 2,900,407 | 2,569,489 | |
Trade receivables | 11 | 991,646 | 1,146,340 |
Prepayments, deposits and other receivables | 635,710 | 671,723 | |
Financial assets at fair value through profit or loss | 480,344 | 465,790 | |
Cash and cash equivalents | 13,476,445 | 12,499,692 | |
Total current assets | 18,484,552 | 17,353,034 | |
Total assets | 27,628,830 | 26,683,103 |
Unaudited | Audited | ||
30 September | 31 March | ||
Note | 2018 | 2018 | |
RMB'000 | RMB'000 | ||
(Restated) | |||
EQUITY | |||
Equity attributable to equity holders | |||
of the Company | |||
Share capital | 1,871,067 | 1,871,067 | |
Reserves | 11,619,156 | 12,617,130 | |
13,490,223 | 14,488,197 | ||
Non-controlling interests | 99,320 | 122,703 | |
Total equity | 13,589,543 | 14,610,900 | |
LIABILITIES | |||
Non-current liabilities | |||
Borrowings | 7,931,881 | 3,101,257 | |
Deferred income tax liabilities | 199,638 | 144,200 | |
Other non-current liabilities | 99,936 | 97,794 | |
Total non-current liabilities | 8,231,455 | 3,343,251 | |
Current liabilities | |||
Trade payables | 12 | 1,250,401 | 1,286,830 |
Accruals and other payables | 1,860,949 | 1,902,794 | |
Contract liabilities | 909,908 | 1,320,652 | |
Current income tax liabilities | 274,540 | 415,820 | |
Borrowings | 1,512,034 | 3,802,856 | |
Total current liabilities | 5,807,832 | 8,728,952 | |
Total liabilities | 14,039,287 | 12,072,203 | |
Total equity and liabilities | 27,628,830 | 26,683,103 |
Attachments
- Original document
- Permalink
Disclaimer
Want Want China Holdings Ltd. published this content on 13 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 November 2018 05:33:09 UTC