Shanghai Qingpu Fire Fighting Equipment : 2018/11/12 - THIRD QUARTERLY REPORT 2018

(a joint stock limited company incorporated in the People's Republic of China)

(Stock Code: 8115)

THIRD QUARTERLY REPORT 2018

* For identification purpose only

CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED

GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration.

Given that the companies listed on GEM are generally small and mid-sized companies, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM.

This report, for which the directors (the "Directors") of Shanghai Qingpu Fire-Fighting Equipment Co. Ltd (the "Company", together with its subsidiaries, the "Group") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.

CORPORATE INFORMATION
BOARD OF DIRECTORS	PRINCIPAL BANKERS
Executive Directors	China Construction Bank Huaxin Sub-branch
Shanghai Rural Commercial Bank Co., Ltd
Mr. Zhou Jin Hui	Chonggu branch
Mr. Shi Hui Xing
Mr. Zhou Guo Ping	H SHARE SHARE REGISTRAR AND
TRANSFER OFFICE
Independent Non-Executive Directors
Computershare Hong Kong Investor
Mr. Wang Guo Zhong	Services Limited
Mr. Yang Chun Bao	46th Floor, Hopewell Centre
Mr. Song Zi Zhang	183 Queen's Road East
Wanchai, Hong Kong
AUDIT COMMITTEE
REGISTERED OFFICE
Mr. Song Zi Zhang
Mr. Yang Chun Bao	1988 Jihe Road
Mr. Wang Guo Zhong	Hua Xin Town
Qingpu District, Shanghai
AUTHORISED REPRESENTATIVE	People's Republic of China
Mr. Chan Chi Wai Benny	PRINCIPAL PLACE OF BUSINESS IN
Mr. Shi Hui Xing	HONG KONG
COMPANY SECRETARY	Unit 2605, Island Place Tower
510 King's Road
Mr. Chan Chi Wai Benny	North Point, Hong Kong
AUDITORS
Ascenda Cachet CPA Limited
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QUARTERLY RESULTS (UNAUDITED)

The Board of Directors (the "Board") of Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. (the "Company" and together with its subsidiaries, collectively the "Group") is pleased to present the unaudited condensed consolidated statement of comprehensive income of the Group for the nine months ended 30 September 2018 together with its unaudited comparative figures for the corresponding period in 2017, as follows:

Unaudited	Unaudited
Three months ended	Nine months ended
30 September	30 September
2018 2017	2018 2017

Notes	RMB'000	RMB'000	RMB'000	RMB'000
Revenue	3	19,826	16,396	50,834	54,729
Cost of sales	(15,678)	(12,512)	(39,283)	(40,671)
Gross profit	4,148	3,884	11,551	14,058
Other income and gains	3	163	648	643	2,055
Selling and distribution
expenses	(747)	(965)	(2,058)	(2,938)
Administrative expenses	(3,483)	(4,203)	(11,286)	(11,699)
Finance costs	-	(5)	(5)	(45)
(Loss)/profit before tax	81	(641)	(1,155)	1,431
Income tax expense	4	(251)	(119)	(868)	(756)
(Loss)/profit for the period
and total comprehensive
(loss)/income for the period	(170)	(760)	(2,023)	675
Attributable to:
Owners of the Company	(488)	(727)	(2,567)	(28)
Non-controlling interests	318	(33)	544	703
(170)	(760)	(2,023)	675
Loss per share
attributable to ordinary
equity holders of the
company (RMB)
- Basic (cents)	5	(0.26)	(0.39)	(1.37)	(0.015)
- Diluted (cents)	(0.26)	(0.39)	(1.37)	(0.015)
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Notes:

• 1. GENERAL

  Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. (the "Company") was established in the People's Republic of China (the "PRC") and was transformed into a joint stock limited liability company on 1 December 2000 and was renamed as Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. ("ɪऎڡऌऊԣ ኜҿٰ΅Ϟࠢʮ̡"). The registered office of the Company is located at No. 1988, Jihe Road, Hua Xin Town, Qingpu District, Shanghai, the PRC and its principal place of business in Hong Kong is situated at Unit 2605, Island Place Tower, 510 King's Road, North Point, Hong Kong.

  The Company's H shares are listed on the GEM of The Stock Exchange of Hong Kong Limited.

  During the period, the Group was involved in the following principal activities:

  • • manufacture and sale of pressure vessels (including fire-fighting equipment products and pressure vessels);

  • • provision of fire technology inspection services;

  • • manufacture and trading of iron casted grooved couplings;

  • • trading of sanitary-ware and other products;

  • • sales of aquarium products; and

  • • marine fire-fighting equipment installation and inspection.

  In the opinion of the directors, the Company's immediate holding company is ᑌ۬ऊԣණྠٰ΅Ϟࠢʮ̡ (literally translated as "Liancheng Fire-Fighting Group Joint Stock Co., Ltd.," "Liancheng"), which is a limited liability company established in the PRC, and the ultimate holding company is एϪ㛬इגήପϞ ࠢʮ̡ (literally translated as "Zhejiang Hengtai Real Estate Company Limited", "Zhejiang Hengtai"), which is a limited liability company established in the PRC.

• 2. PRINCIPAL ACCOUNTING POLICIES

  The unaudited condensed financial statements of the Group have been prepared in accordance with International Financial Reporting Standards ("IFRSs") (which include all International Financial Reporting Standards, International Accounting Standards ("IASs") and Interpretations) issued by the International Accounting Standards Board ("IASB") and the Rules Governing the Listing of Securities on the GEM (the "GEM Listing Rules") of the Stock Exchange. The financial information has been prepared under the historical convention, except for investment properties which are measured at fair value.

  The unaudited condensed financial statements for the nine months ended 30 September 2018 are unaudited, but have been reviewed by the audit committee of the Company.

  The accounting policies adopted are consistent with those followed in the preparation of the Group's annual consolidated financial statements for the year ended 31 December 2017.

  The IASB has issued several amendments to IFRSs that are first effective for the current accounting period of the Group. None of these developments has had a material effect on how the Group's results for the current or prior periods have been prepared or presented in this report.

  The Group has not applied any new standard or interpretation that is not yet effective for the current accounting period.

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