CHINA EVERBRIGHT LIMITED 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 EVERBRIGHT LIMITED
(Incorporated in Hong Kong with limited liability)
(Stock Code: 165)
ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS OF
YING LI INTERNATIONAL REAL ESTATE LIMITED
FOR THE SIX MONTHS AND
TWELVE MONTHS ENDED 31 DECEMBER 2020
This announcement is made by China Everbright Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") 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).
Ying Li International Real Estate Limited ("Ying Li"), a subsidiary of the Company whose shares are listed on the Mainboard of Singapore Exchange Securities Trading Limited ("SGX-ST"), has announced on 26 February 2021 the unaudited financial results of Ying Li and its subsidiaries (the "Ying Li Group") for the six months and twelve months ended 31 December 2020.
The summary of the unaudited financial results of the Ying Li Group for the six months and twelve months ended 31 December 2020 together with the comparative figures of the previous corresponding financial periods are provided below:
Summary of the unaudited financial results of the Ying Li Group for the six months and twelve months ended 31 December 2020 | ||||
July to December 2020 | July to December 2019 | January to December 2020 | January to December 2019 | |
RMB('000) | RMB('000) | RMB('000) | RMB('000) | |
Revenue | 153,387 | 143,446 | 231,035 | 358,925 |
Cost of sales | (65,885) | (61,691) | (92,783) | (152,061) |
Gross profit | 87,502 | 81,755 | 138,252 | 206,864 |
Other income | 4,592 | 17,305 | 18,320 | 27,307 |
Selling expenses | (18,418) | (49,170) | (34,584) | (70,192) |
Administrative expenses | (52,760) | (85,672) | (95,730) | (140,864) |
Fair value loss on investment properties | (19,000) | (4,600) | (19,000) | (371,690) |
Fair value loss on other investments | (100,000) | (138,201) | (100,000) | (138,201) |
Finance costs | (72,565) | (79,583) | (150,129) | (171,279) |
Other gains/(losses) - net | 82,313 | 6,220 | 58,311 | (17,440) |
Loss before Income Tax | (88,336) | (251,946) | (184,560) | (675,495) |
Summary of the unaudited financial results of the Ying Li Group for the six months and twelve months ended 31 December 2020 | ||||
July to December 2020 | July to December 2019 | January to December 2020 | January to December 2019 | |
RMB('000) | RMB('000) | RMB('000) | RMB('000) | |
Taxation - Current | 37 | (5,745) | (1,091) | (6,184) |
- Deferred | (9,636) | 61,419 | (10,208) | 155,755 |
Loss for the period | (97,935) | (196,272) | (195,859) | (525,924) |
Foreign currency translation differences (at nil tax) | 41,639 | (26,389) | 60,140 | (39,687) |
Total comprehensive loss for the period | (56,296) | (222,661) | (135,719) | (565,611) |
Loss attributable to: | ||||
Ordinary shareholders of the company | (90,484) | (195,235) | (187,848) | (523,432) |
Non-controlling interest (NCI) | (7,451) | (1,037) | (8,011) | (2,492) |
Total comprehensive loss attributable to: | ||||
Ordinary shareholders of the company | (48,845) | (221,624) | (127,708) | (563,119) |
Non-controlling interest (NCI) | (7,451) | (1,037) | (8,011) | (2,492) |
Remarks:
Details of the unaudited financial results of the Ying Li Group for the six months and twelve months ended 31 December 2020 are accessible on the website of SGX-ST(http://www.sgx.com)and are also posted by the Company as an overseas regulatory announcement on the websites of The Stock Exchange of Hong Kong Limited(http://www.hkexnews.hk)and the Company (http://www.everbright.com), respectively.
The financial information set out herein is limited to the Ying Li Group only and does not represent or provide a complete view of the operating performance or financial condition of the Company. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company and should not rely solely on such information.
By order of the Board China Everbright Limited Chan Ming Kin Desmond
Company Secretary
Hong Kong, 26 February 2021
As at the date of this announcement, the directors of the Company are:
Executive Directors: | Independent Non-executive Directors: |
Dr. Zhao Wei (Chairman and | Dr. Lin Zhijun |
Chief Executive Officer) | Dr. Chung Shui Ming Timpson |
Mr. Zhang Mingao | Mr. Law Cheuk Kin Stephen |
Mr. Tang Chi Chun Richard | |
Mr. Yin Lianchen |
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China Everbright Limited published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 11:02:06 UTC.
