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 SUNTIEN GREEN ENERGY CORPORATION LIMITED*新 天 綠 色 能 源 股 份 有 限 公 司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock Code: 00956) APPLICATION SUBMITTED TO THE SHANGHAI STOCK EXCHANGE IN RELATION TO THE PROPOSED ISSUANCE OF RENEWABLE CORPORATE BONDS AND UNAUDITED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016This announcement is made pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
References are made to the announcements of China Suntien Green Energy Corporation Limited (the "Company") dated 3 November 2016 and 23 December 2016. The resolution (which includes, the Extraordinary General Meeting to authorise the Board of the Company (the "Board"), and the Board to further authorise Mr. Gao Qing Yu, President, (the "Board's Authorised Person") to handle with absolute discretion all the relevant matters regarding the issuance and listing of the corporate bonds) in relation to the issuance of no more than RMB1.5 billion renewable corporate bonds (the "Renewable Corporate Bonds") by the Company was passed on the Extraordinary General Meeting of the Company convened on 23 December 2016.
Pursuant to the requirements of the Measures for the Administration of the Offering and Trading of Corporate Bonds issued by the China Securities Regulatory Commission and the Corporate Bonds Listing Rules of the Shanghai Stock Exchange issued by the Shanghai Stock Exchange, the Company has published the application documents in relation to the Renewable Corporate Bonds (which include the unaudited financial statements of the Company and its subsidiaries for the nine months ended 30 September 2016) on the website of SSE Bond (http://bond.sse.com.cn/) on 25 January 2017
The unaudited financial statements of the Company and its subsidiaries for the nine months ended 30 September 2016 were prepared in accordance with generally accepted accounting principles in the People's Republic of China and are enclosed for information purpose only.
The Company will make further announcement in relation to details of the issuance of the Renewable Corporate Bonds at the appropriate time.
The Company wishes to remind investors that as the application in relation to the proposed issuance of Renewable Corporate Bonds is subject to the pre-approval of the Shanghai Stock Exchange and the approval of the China Securities Regulatory Commission, there is no assurance that the Renewable Corporate Bonds must be able to be listed on the Shanghai Stock Exchange as expected. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
In addition, the Company also wishes to remind investors that the unaudited financial statements for the nine months ended 30 September 2016 set out in this announcement were prepared based on the unaudited management accounts and have not been reviewed or audited by the auditor of the Company. Investors should not place undue reliance on the aforesaid information and are advised to exercise caution in dealing in the securities of the Company.
By order of the Board of
China Suntien Green Energy Corporation Limited Gao Qing YuExecutive Director/President
Shijiazhuang City, Hebei Province, the PRC, 25 January 2017
As at the date of this announcement, the non-executive Directors of the Company are Dr. Cao Xin, Dr. Li Lian Ping, Mr. Qin Gang, Ms. Sun Min and Mr. Wu Hui Jiang; the executive Directors of the Company are Mr. Gao Qing Yu and Mr. Wang Hong Jun; and the independent non-executive Directors of the Company are Mr. Qin Hai Yan, Mr. Ding Jun, Mr. Wang Xiang Jun and Mr. Yue Man Yiu Matthew.
* For identification purposes only
CONSOLIDATED BALANCE SHEETJi Jian Tou Monthly Statement No. 1
3
Prepared by: China Suntien Green Energy Corporation Limited Date: 30 September 2016 Unit: RMB
Item | Row no. | Balance as at the end of the period | Balance as at the beginning of the year | Item | Row no. | Balance as at the end of the period | Balance as at the beginning of the year |
CURRENT ASSETS: | 1 | - | - | CURRENT LIABILITIES: | 59 | - | - |
Cash | 2 | 1,616,190,776.27 | 3,138,670,782.94 | Short-term loans | 60 | 1,727,500,000.00 | 1,370,000,000.00 |
△Clearing settlement funds | 3 | △Loans from central bank | 61 | ||||
△Placements with banks | 4 | △Absorbing deposits and interbank deposits | 62 | ||||
Financial assets at fair value through profit or loss | 5 | Placements from banks | 63 | ||||
Derivative financial assets | 6 | Financial liabilities at fair value through profit or loss | 64 | ||||
Notes receivables | 7 | 105,823,725.62 | 353,528,939.49 | Derivative financial liabilities | 65 | ||
Accounts receivables | 8 | 1,154,828,620.38 | 887,271,576.36 | Notes payables | 66 | 37,904,205.80 | 49,220,180.40 |
Prepayments | 9 | 1,571,370,200.00 | 2,383,782,821.43 | Accounts payables | 67 | 1,303,913,590.65 | 506,597,961.57 |
△Premium receivables | 10 | Advances received | 68 | 158,740,175.27 | 167,597,703.17 | ||
△Receivables from reinsurers | 11 | △Financial assets sold under agreements to repurchase | 69 | ||||
△Reinsurance deposits receivables | 12 | △Handling charges and commission payables | 70 | ||||
Interests receivables | 13 | 5,008,867.38 | 2,403,612.73 | Accrued salaries, wages and benefits | 71 | 58,825,752.53 | 57,716,809.41 |
Dividends receivables | 14 | Including: Wages payables | 72 | 6,073,090.24 | 2,610,710.58 | ||
Other receivables | 15 | 1,033,011,813.85 | 1,032,084,398.77 | Welfare payables | 73 | 11,751.40 | |
△Financial assets purchased under agreements to resell | 16 | Including: Bonus and benefit fund for staff | 74 | ||||
Inventories | 17 | 73,786,905.12 | 48,341,614.09 | Tax charges payables | 75 | 4,466,378.42 | 43,743,298.82 |
Including: Raw materials | 18 | 60,239,239.28 | 38,680,459.22 | Including: Tax payables | 76 | 139,115.62 |
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Item | Row no. | Balance as at the end of the period | Balance as at the beginning of the year | Item | Row no. | Balance as at the end of the period | Balance as at the beginning of the year |
Stock inventory (finished products) | 19 | 12,601,678.48 | 8,776,874.23 | Interests payables | 77 | 165,355,540.30 | 83,737,210.97 |
Assets classified as held for sale | 20 | Dividends payable | 78 | ||||
Granted short-term entrusted loans and advances | 21 | Other payables | 79 | 703,962,975.50 | 1,241,810,151.98 | ||
Non-current assets due within one year | 22 | △Dividend payable for reinsurance | 80 | ||||
Other current assets | 23 | 321,416,135.27 | △Insurance deposits payables | 81 | |||
Total current assets | 24 | 5,881,437,043.89 | 7,846,083,745.81 | △ Securities trading fees | 82 | ||
NON-CURRENT ASSETS: | 25 | - | - | △ Securities selling fees | 83 | ||
△Granted loans and advances | 26 | Liabilities classified as held for sale | 84 | ||||
Granted long-term entrusted loans and advances | 27 | Non-current liabilities due within one year | 85 | 1,859,548,908.38 | 1,039,690,838.21 | ||
Available-for-sale financial assets | 28 | 103,400,000.00 | 333,400,000.00 | Other current liabilities | 86 | 40,124,628.60 | 40,124,628.60 |
Held-to-maturity investments | 29 | 7,500,000.00 | 7,500,000.00 | Total current liabilities | 87 | 6,060,342,155.45 | 4,600,238,783.13 |
Long-term receivables | 30 | 142,847,894.22 | 142,847,894.22 | NON-CURRENT LIABILITIES: | 88 | - | - |
Long-term equity investments | 31 | 1,241,919,241.67 | 1,149,584,916.01 | Long-term loans | 89 | 10,815,124,991.28 | 11,417,913,788.90 |
Investment properties | 32 | 32,657,054.63 | 32,620,175.95 | Debentures payables | 90 | 1,999,729,780.66 | 1,998,513,798.49 |
Original price of fixed assets | 33 | 13,852,249,365.13 | 12,179,678,149.85 | Long-term payables | 91 | ||
Less: Accumulated depreciations | 34 | 3,234,361,104.61 | 2,681,794,331.69 | Long-term employee benefits payables | 92 | ||
Net value of fixed assets | 35 | 10,617,888,260.52 | 9,497,883,818.16 | Special payables | 93 | 1,200,000.00 | 1,200,000.00 |
Less: Provision for fixed assets impairment | 36 | Provisions | 94 | ||||
Net amount of fixed assets | 37 | 10,617,888,260.52 | 9,497,883,818.16 | Deferred income | 95 | ||
Construction in progress | 38 | 7,339,916,772.12 | 5,364,829,787.94 | Deferred income tax liabilities | 96 |
China Suntien Green Energy Corporation Ltd. published this content on 25 January 2017 and is solely responsible for the information contained herein.
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