TIANJIN PORT DEVELOPMENT HOLDINGS 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 03382)
UNAUDITED FINANCIAL RESULTS
FOR THE THREE MONTHS ENDED 31 MARCH 2021
OF TIANJIN PORT HOLDINGS CO., LTD.
This announcement is made by Tianjin Port Development Holdings Limited (the "Company") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to provide shareholders of the Company and the public with the unaudited consolidated financial results of its subsidiary, Tianjin Port Holdings Co., Ltd. ("Tianjin Port Co"), for the three months ended 31 March 2021. The financial information therein is prepared in accordance with the China Accounting Standards for Business Enterprises and has not been audited.
Tianjin Port Co is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. As at the date of this announcement, the Company indirectly holds approximately 56.81% of the issued share capital of Tianjin Port Co. The unaudited consolidated income statement for the three months ended 31 March 2021 and the unaudited condensed consolidated balance sheet as at 31 March 2021 of Tianjin Port Co are provided below:
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Tianjin Port Holdings Co., Ltd.
Unaudited Consolidated Income Statement
For the three months ended 31 March 2021
Unit : RMB Yuan | ||
For the three months ended 31 March | ||
Item | 2021 | 2020 |
1. Total operating income | 3,191,451,925.43 | 2,706,811,461.80 |
Including : Operating income | 3,191,451,925.43 | 2,706,811,461.80 |
2. Total operating costs | 2,932,244,911.25 | 2,551,372,938.81 |
Including : Costs of sales | 2,511,019,962.74 | 2,174,653,428.71 |
Tax and surcharge | 7,358,423.69 | 4,564,294.67 |
Administrative expenses | 317,438,420.08 | 266,696,225.47 |
Research and development expenses | 16,941,427.83 | 14,004,447.77 |
Finance expenses | 79,486,676.91 | 91,454,542.19 |
Including : Interest expenses | 99,160,750.47 | 104,844,168.44 |
Interest income | 13,300,477.75 | 10,349,686.41 |
Add : Other income | 6,367,664.79 | 3,722,980.47 |
Investment income ("-"for loss) | 99,273,030.76 | 101,015,972.11 |
Including : Investment income from associates and | ||
joint ventures | 99,066,387.67 | 100,886,605.40 |
Impairment losses on credit ("-"for loss) | 4,088,677.01 | -315,915.98 |
Gain on disposal of assets ("-"for loss) | 691,106.94 | - |
3. Operating profit ("-"for loss) | 369,627,493.68 | 259,861,559.59 |
Add : Non-operating income | 387,039.00 | 1,572,119.87 |
Less : Non-operating expenses | 79,881.87 | 1,282,480.04 |
4. Total profit ("-"for total loss) | 369,934,650.81 | 260,151,199.42 |
Less : Income tax expenses | 84,282,098.65 | 63,287,378.73 |
5. Net profit ("-"for net loss) | 285,652,552.16 | 196,863,820.69 |
(1) Classified by continuity of operations | ||
1. Net profit from continuing operations ("-" for net loss) | 285,652,552.16 | 196,863,820.69 |
(2) Classified by ownership of equity | ||
1. Net profit attributable to shareholders of the company | ||
("-" for net loss) | 197,210,303.91 | 113,088,870.93 |
2. Minority interests ("-" for net loss) | 88,442,248.25 | 83,774,949.76 |
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Tianjin Port Holdings Co., Ltd.
Unaudited Consolidated Income Statement
For the three months ended 31 March 2021
Unit : RMB Yuan | |||
For the three months ended 31 March | |||
Item | 2021 | 2020 | |
6. Other comprehensive income, net of tax | -43,881,362.23 | -85,513,469.86 | |
(1) | Other comprehensive income attributable to owners of | ||
the company, net of tax | -26,748,572.55 | -51,773,747.84 | |
1. Other comprehensive income that will not be reclassified | |||
to profit or loss | -26,748,572.55 | -51,773,747.84 | |
Changes in fair value of other equity instruments | |||
investment | -26,748,572.55 | -51,773,747.84 | |
(2) | Other comprehensive income attributable to minority | ||
interests, net of tax | -17,132,789.68 | -33,739,722.02 | |
7. Total comprehensive income | 241,771,189.93 | 111,350,350.83 | |
(1) | Total comprehensive income attributable to owners of | ||
the company | 170,461,731.36 | 61,315,123.09 | |
(2) | Total comprehensive income attributable to minority | ||
interests | 71,309,458.57 | 50,035,227.74 | |
8. Earnings per share: | |||
(1) | Basic earnings per share (RMB Yuan/share) | 0.08 | 0.06 |
(2) | Diluted earnings per share (RMB Yuan/share) | 0.08 | 0.06 |
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Tianjin Port Holdings Co., Ltd.
Unaudited Condensed Consolidated Balance Sheet
As at 31 March 2021
Unit : RMB Yuan | ||
Item | 31 March 2021 | 31 December 2020 |
ASSETS | ||
Current assets | 7,489,757,052.53 | 7,740,275,888.54 |
Non-current assets | 28,946,871,337.07 | 28,242,217,484.64 |
Total assets | 36,436,628,389.60 | 35,982,493,373.18 |
LIABILITIES | ||
Current liabilities | 6,771,105,841.73 | 7,441,831,387.17 |
Non-current liabilities | 6,716,666,364.58 | 5,844,546,268.16 |
Total liabilities | 13,487,772,206.31 | 13,286,377,655.33 |
OWNERS' EQUITY (OR SHAREHOLDERS' EQUITY) | ||
Paid-in capital (or share capital) | 2,411,667,532.00 | 2,411,667,532.00 |
Capital reserves | 2,886,883,417.91 | 2,885,745,746.52 |
Other comprehensive income | 269,102,277.64 | 295,850,850.19 |
Special reserves | 12,348,827.53 | 5,680,239.02 |
Surplus reserves | 2,427,730,863.33 | 2,427,730,863.33 |
Undistributed profit | 9,009,478,877.28 | 8,812,268,573.37 |
Total equity attributable to owners (or shareholders' equity) | ||
of the company | 17,017,211,795.69 | 16,838,943,804.43 |
Minority interests | 5,931,644,387.60 | 5,857,171,913.42 |
Total owners' equity (or shareholders' equity) | 22,948,856,183.29 | 22,696,115,717.85 |
Total liabilities and owners' equity (or shareholders' | ||
equity) | 36,436,628,389.60 | 35,982,493,373.18 |
Shareholders of the Company should note that the above unaudited financial information pertains only to Tianjin Port Co and not to the Company itself.
Details of the unaudited consolidated financial results of Tianjin Port Co for the three months ended 31 March 2021 are available on the website of Shanghai Stock Exchange at www.sse.com.cn.
By Order of the Board
Tianjin Port Development Holdings Limited
Chu Bin
Chairman
Hong Kong, 28 April 2021
As at the date of this announcement, the board of directors of the Company comprises Mr. Chu Bin, Mr. Luo Xunjie, Mr. Sun Bin, Ms. Xue Xiaoli and Ms. Shi Jing as executive directors; Professor Japhet Sebastian Law, Mr. Cheng Chi Pang, Leslie and Mr. Zhang Weidong as independent non-executive directors.
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Tianjin Port Development Holdings Ltd. published this content on 28 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2021 13:11:06 UTC.
