Jujiang Construction : 2017-08-26ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017
August 26, 2017 at 05:38 am IST
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Jujiang Construction Group Co., Ltd.
巨匠建設集團股份有限公司
(A joint stock limited liability company established in the People's Republic of China ) (Stock Code: 1459)
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017
FINANCIAL HIGHLIGHTS
For the six months ended 30 June
2017
2016
Change
RMB'000
RMB'000
%
Revenue
2,080,395
1,999,078
4.07
Gross profit
114,435
118,180
(3.17)
Gross profit margin
5.50%
5.91%
(0.41)
Profit for the period
51,936
47,958
8.29
Net profit margin
2.50%
2.40%
0.10
Basic and diluted earnings per share (RMB)
0.10
0.09
INTERIM RESULTS
The board (the "Board") of directors (the "Directors") of Jujiang Construction Group Co., Ltd. (the "Company") is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries ( collectively the "Group") for the six months ended 30 June 2017, together with the comparative figures for the six months ended 30 June 2016. The interim results have been reviewed by the audit committee of the Company (the "Audit Committee").
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
For the six months ended 30 June
2017
2016
RMB'000
RMB'000
Notes
(Unaudited)
(Unaudited)
Revenue
4
2,080,395
1,999,078
Cost of sales
(1,965,960)
(1,880,898)
Gross profit
114,435
118,180
Other income and gains
4
8,638
16,364
Administrative expenses
(32,875)
(37,242)
Other expenses
(4,414)
(7,944)
Finance costs
(17,354)
(22,434)
PROFIT BEFORE TAX
5
68,430
66,924
Income tax expense
6
(16,494)
(18,966)
PROFIT FOR THE PERIOD
OTHER COMPREHENSIVE INCOME
51,936
-
47,958
-
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX
51,936
47,958
Profit attributable to:
Owners of the parent
51,558
47,975
Non-controlling interests
378
(17)
51,936
47,958
Total comprehensive income attributable to:
Owners of the parent
51,558
47,975
Non-controlling interests
378
(17)
51,936
47,958
Earnings per share attributable to ordinary equity holders of the parent:
Basic and diluted (expressed in RMB per share)
7
0.10
0.09
The Board does not recommend the payment of an interim dividend for the six months ended 30 June 2017 (30 June 2016: Nil).
As at 30 June
As at 31 December
2017
2016
RMB'000
RMB'000
Notes
(Unaudited)
(Audited)
NON-CURRENT ASSETS
Property, plant and equipment
133,431
135,336
Prepaid land lease payments
9,142
9,288
Intangible assets
2,441
2,102
Available-for-sale investment
-
3,600
Deferred tax assets
15,478
15,891
Trade receivables
8
16,670
26,648
Prepayments, deposits and other receivables
62,906
47,707
Other non-current assets
19
116
Total non-current assets
240,087
240,688
CURRENT ASSETS
Prepaid land lease payments
291
291
Inventories
9,251
7,612
Trade and bills receivables
8
650,929
647,359
Prepayments, deposits and other receivables
477,264
488,918
Amounts due from contract customers
9
2,794,916
2,998,346
Pledged deposits
18,379
18,110
Cash and cash equivalents
57,541
65,013
Total current assets
4,008,571
4,225,649
CURRENT LIABILITIES
Trade and bills payables
10
2,035,008
2,330,523
Other payables, advances from customers and accruals
219,234
216,549
Amounts due to contract customers
9
226,309
113,970
Interest-bearing bank borrowings
11
570,858
644,491
Tax payable
132,634
130,544
Total current liabilities
3,184,043
3,436,077
NET CURRENT ASSETS
824,528
789,572
TOTAL ASSETS LESS CURRENT LIABILITIES
1,064,615
1,030,260
INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at 30 June
As at 31 December
2017
2016
RMB'000
RMB'000
Notes
(Unaudited)
(Audited)
NON-CURRENT LIABILITIES
Other payables and accruals
7,223
24,804
Total non-current liabilities
7,223
24,804
Net assets
1,057,392
1,005,456
EQUITY
Equity attributable to owners of the parent
Share capital
533,360
533,360
Reserves
518,240
466,682
1,051,600
1,000,042
Non-controlling interests
5,792
5,414
Total equity
1,057,392
1,005,456
Jujiang Construction Group Co. Ltd. published this content on 26 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 August 2017 00:07:07 UTC.
Original documenthttp://www.jujiang.cn/upfile/20170826080437_482.pdf
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Jujiang Construction Group Co., Ltd. is an investment holding company principally engaged in the construction contracting businesses. The Company operates through two segments. Construction Contracting segment is engaged in the provision of services related to construction contracting in architecture, such as building construction, foundation works, curtain wall construction and building decoration, among others. Its services are for residential properties, commercial properties, industrial properties and public facilities. Others segment is engaged in the provision of designing, surveying and mapping, monitoring and consulting services in the engineering of municipal management and construction, the installation of lifting equipment, the sales of construction materials and civil defense products, as well as the provision of services related to construction contracting in architecture.