China Automobile New Retail : Interim Report 2021/2022

CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED 中國汽 車新零售（控 股）有限公司

(incorporated in Bermuda with limited liability) Stock Code 股份代號 : 526

(

於百慕達註冊成立之有限公司

)

Interim Report 中期報告

2021/2022

CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED
	01
Interim Report 2O21/2O22
CONTENTS
CORPORATE INFORMATION � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �	02
CONSOLIDATED STATEMENT OF PROFIT OR LOSS � � � � � � � � � � � � � � � � � � � � � �	03
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
AND OTHER COMPREHENSIVE INCOME � � � � � � � � � � � � � � � � � � � � � � � � � � � � �	04
CONSOLIDATED STATEMENT OF FINANCIAL POSITION � � � � � � � � � � � � � � � � � �	05
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY � � � � � � � � � � � � � � � � � � �	07
CONDENSED CONSOLIDATED CASH FLOW STATEMENT � � � � � � � � � � � � � � � � � �	09
NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT � � � � � � � � � � � � � � � �	11
MANAGEMENT DISCUSSION AND ANALYSIS � � � � � � � � � � � � � � � � � � � � � � � � � � �	38
OTHER INFORMATION � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �	43

02	CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED
Interim Report 2O21/2O22
	CORPORATE INFORMATION
	BOARD OF DIRECTORS	AUDITOR
	Executive Directors	KPMG
	Mr LI Lixin	Public Interest Entity Auditor
	Mr CHENG Jianhe		registered in accordance with the
	Ms JIN Yaxue		Financial Reporting Council Ordinance
	Non-Executive Director	PRINCIPAL BANKERS
	Ms CHENG Weihong	Shengjing Bank, Tianjin Branch,
		the People's Republic of China (the "PRC")
	Independent Non-Executive Directors	Bank of Langfang, Tianjin Branch, PRC
	Mr SHIN Yick Fabian	Tianjin Rural Commercial Bank Co., Ltd.
	Mr HE Chengying	Bank of Communications,
	Mr KWONG Kwan Tong		Hong Kong and Ningbo Branches, PRC
		Bank of Ningbo, PRC
	COMPANY SECRETARY	China Construction Bank, Ningbo Branch, PRC
	Ms PANG Yuen Shan Christina	The Hongkong and Shanghai Banking
			Corporation Limited
	REGISTERED OFFICE
	Clarendon House	PRINCIPAL SHARE REGISTRAR AND
	2 Church Street	TRANSFER OFFICE
	Hamilton	MUFG Fund Services (Bermuda) Limited
	HM11, Bermuda	4th Floor North
		Cedar House
	HEAD OFFICE AND PRINCIPAL PLACE	41 Cedar Avenue
	OF BUSINESS	Hamilton HM12
	Workshop 06-07, 36/F King Palace Plaza	Bermuda
	No. 52A Sha Tsui Road, Tsuen Wan
	New Territories, Hong Kong	HONG KONG BRANCH SHARE
		REGISTRAR AND TRANSFER OFFICE
	SECURITIES CODE	Tricor Secretaries Limited
	Hong Kong Stock Code: 526	Level 54, Hopewell Centre
		183 Queen's Road East
	WEBSITE ADDRESS	Hong Kong
	http://www.lisigroup.com.hk

CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED	03
Interim Report 2O21/2O22

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 September 2021 - unaudited (Expressed in Renminbi ("RMB"))

		Six months ended
		30 September
		2021	2020
	Note	RMB'000	RMB'000
		(Unaudited)	(Restated)
		(Unaudited)
			(Note 2)
Revenue	4	1,031,685	860,245
Cost of sales		(754,848)	(614,106)
Gross profit	4(b)	276,837	246,139
Other income	5	46,497	12,647
Selling and distribution expenses		(49,694)	(43,921)
Administrative expenses		(58,025)	(78,040)
Profit from operations		215,615	136,825
Finance costs	6(a)	(88,108)	(95,033)
Net valuation loss on investment properties		(40,520)	(58,000)
Reversal on/(impairment losses) on financial		7,925
assets and guarantee contracts	6(c)	(7,764)
Impairment loss on goodwill		-	(165,153)
Profit/(loss) before taxation	6	94,912	(189,125)
Income tax	7	(6,778)	(19,921)
Profit/(loss) for the period attributable to
equity shareholders of the Company		88,134	(209,046)
Earnings/(loss) per share (RMB cent)
	1.10
Basic	8(a)	(2.60)
Diluted	8(b)	1.10	(2.60)

The notes on pages 11 to 37 form part of this interim financial report.

04	CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED
Interim Report 2O21/2O22

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND

OTHER COMPREHENSIVE INCOME

For the six months ended 30 September 2021 - unaudited (Expressed in RMB)

Six months ended

30 September

20212020

RMB'000 RMB'000

(Unaudited) (Unaudited)

Profit/(loss) for the period	88,134	(209,046)
Other comprehensive income for the period
(after tax and reclassification adjustments):
Item that may be reclassified subsequently to
profit or loss:
- Exchange differences on translation into
presentation currency	5,030	24,806
Other comprehensive income for the period	5,030	24,806
Total comprehensive income attributable to equity
shareholders of the Company for the period	93,164	(184,240)

The notes on pages 11 to 37 form part of this interim financial report.