SIIC ENVIRONMENT HOLDINGS LTD. The Singapore Exchange Securities Trading 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.
SIIC ENVIRONMENT HOLDINGS LTD.
上海實業環境控股有限公司*
(Incorporated in the Republic of Singapore with limited liability)
(Hong Kong stock code: 807)
(Singapore stock code: BHK)
Unaudited Financial Statements and Dividend Announcement for the First
Quarter and Three Months ended 31 March 2021
This overseas regulatory announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
This results announcement is made in accordance to Listing Manual of the Singapore Exchange Securities Trading Limited. This results announcement contains financial information based on Singapore Financial Reporting Standards (International) and International Financial Reporting Standards, and have not been reviewed by auditors. Shareholders and public investors should be cautious trading in the shares of the Company.
By Order of the Board
SIIC Environment Holdings Ltd.
Mr. Yang Jianwei
Executive Director
Singapore and Hong Kong, 10 May 2021
As at the date of this announcement, the non-executive Chairman is Mr. Zhou Jun; the executive Directors are Mr. Yang Jianwei, Mr. Zhu Dazhi, Mr. Xu Xiaobing, Mr. Huang Hanguang and Mr. Zhao Youmin; and the independent non-executive Directors are Mr. Yeo Guat Kwang, Mr. An Hongjun and Mr. Zhong Ming.
- For identification purpose only
SIIC ENVIRONMENT HOLDINGS LTD.
(Incorporated in the Republic of Singapore)
(Company Registration No: 200210042R)
Unaudited Financial Statements and Dividend
Announcement for the First Quarter and Three Months
ended 31 March 2021
10 May 2021
Table of Contents
Page No | |
Consolidated Statement of Comprehensive Income | 1 |
Statements of Financial Position | 3 |
Consolidated Statement of Cash Flows | 5 |
Statements of Changes in Equity | 7 |
Review of Performance | 12 |
Outlook | 16 |
Board Confirmation | 18 |
Page 1 of 18
SIIC Environment Holdings Ltd.
(Incorporated in the Republic of Singapore)
(Company Registration No. 200210042R)
First Quarter of Financial Year 2021 Financial Statements And Dividend Announcement
PART I - INFORMATION REQUIRED FOR QUARTERLY (Q1, Q2&Q3), HALF-YEAR AND FULL YEAR ANNOUNCEMENTS
1(a) A statement of comprehensive income (for the group) together with a comparative statement for the corresponding period of the immediately preceding financial year.
UNAUDITED RESULTS FOR THE FIRST QUARTER ("1QFY2021") ENDED 31 MARCH 2021
Group | ||||
3 Months Ended | Changes | |||
Note | 31.3.21 | 31.3.20 | ||
RMB'000 | RMB'000 | % | ||
Revenue | 8(A) | 1,621,816 | 1,052,924 | 54.0 |
Cost of sales | (1,068,366) | (640,118) | 66.9 | |
Gross profit | 8(B) | 553,450 | 412,806 | 34.1 |
Other income | 8(C) | 44,469 | 58,723 | (24.3) |
Other gains and losses | 8(D) | (2,855) | 3,071 | N.M |
Selling and distribution costs | 8(E) | (19,359) | (15,428) | 25.5 |
Administrative expenses | 8(F) | (95,181) | (75,355) | 26.3 |
Finance expenses | 8(G) | (169,235) | (175,816) | (3.7) |
Share of results of joint ventures | 8(H) | 6,282 | 8,372 | (25.0) |
Share of results of associates | 8(H) | 47 | (815) | N.M |
Profit before tax | (i) | 317,618 | 215,558 | 47.3 |
Income tax expense | (ii), 8(J) | (77,052) | (47,377) | 62.6 |
Profit for the period | 240,566 | 168,181 | 43.0 | |
Other comprehensive income: | ||||
Items that will not be reclassified to profit or loss: | ||||
Exchange difference arising from translation | (22,919) | (74,465) | (69.2) | |
Fair value change on investments in equity | ||||
instruments designated as at FVTOCI | (751) | (1,918) | (60.8) | |
Items that may be reclassified subsequently to profit | ||||
or loss: | ||||
Exchange differences arising from translation of | ||||
foreign operations | 15,979 | 9,358 | 70.8 | |
Total comprehensive income for the period | 232,875 | 101,156 | 130.2 | |
Profit for the period attributable to: | ||||
Owners of the Company | 160,116 | 130,108 | 23.1 | |
Non-controlling interests | 80,450 | 38,073 | 111.3 | |
240,566 | 168,181 | 43.0 | ||
Total comprehensive income attributable to: | ||||
Owners of the Company | 152,425 | 63,083 | 141.6 | |
Non-controlling interests | 80,450 | 38,073 | 111.3 | |
232,875 | 101,156 | 130.2 | ||
N.M. - Not Meaningful
Page 2 of 18
Notes:
1(a) (i) Profit before tax is arrived at after charging/(crediting) the following:
3 Months Ended | |||
31.3.21 | 31.3.20 | ||
RMB'000 | RMB'000 | ||
Amortisation of intangible assets (Note 8(I)) | 79,535 | 76,072 | |
Depreciation of right-of-use asset | 2,760 | 1,754 | |
Depreciation of property, plant and equipment | 9,357 | 9,122 | |
Loss on disposal of property, plant and equipment | 4 | 11 | |
Gain on disposal of intangible assets | (5) | - | |
Gain on disposal of subsidiary | - | (48) | |
Foreign exchange loss/ (gain), net | 2,697 | (3,699) | |
(Reversal of)/ loss allowance for trade receivables, net | (260) | 466 | |
Fair value loss on financial assets at fair value through profit and loss | 158 | 650 | |
1(a) (ii) Adjustment for under/(over) provision of tax in respect of prior periods | |||
3 Months Ended | |||
31.3.21 | 31.3.20 | ||
RMB'000 | RMB'000 | ||
Under provision of tax in respect of prior periods | 141 | 1,990 | |
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SIIC Environment Holdings Ltd. published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 11:03:02 UTC.
