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Qinqin Foodstuffs Group (Cayman) Company Limited親親食品集 團( 開曼 )股 份有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1583) INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017FINANCIAL HIGHLIGHTS |
KEY FINANCIAL PERFORMANCE Consolidated Income Statement Unaudited Six months ended 30 June 2017 2016 % of RMB'000 RMB'000 change Revenue 567,964 617,746 -8.1% Operating profit 32,386 33,062 -2.0% Profit attributable to shareholders 20,052 19,248 4.2% Earnings per share - Basic and diluted RMB0.042 RMB0.040 Consolidated Balance Sheet 30 June 31 December 2017 2016 % of RMB'000 RMB'000 change Cash and cash equivalents 319,841 346,308 -7.6% Bank borrowing NIL NIL N/A Net current assets 316,814 279,786 13.2% Net assets 696,916 676,697 3.0% |
KEY FINANCIAL RATIOS 30 June 30 June Change 2017 2016 (% points) Gross profit margin 41.2% 45.5% 4.3 Return on equity (annualised) 5.8% 5.7% 0.1 Current ratio (times) 3.9 2.6 Finished goods turnover days 15 days 7 days Trade receivables turnover days 4 days 6 days |
The Board of Directors of Qinqin Foodstuffs Group (Cayman) Company Limited (the "Company") (the "Board") is pleased to present the unaudited interim condensed consolidated income statements, comprehensive income, changes in equity and cash flows of the Company and its subsidiaries (the "Group") for the six months ended 30 June 2017, and the unaudited interim condensed consolidated balance sheet of the Group as at 30 June 2017, together with the comparative figures and selected explanatory notes. The interim financial information has been reviewed by the Company's audit committee and the Company's auditor, PricewaterhouseCoopers, in accordance with Hong Kong Standard on Review Engagements 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Hong Kong Institute of Certified Public Accountants.
INTERIM CONDENSED CONSOLIDATED INCOME STATEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2017
Note | 2017 RMB'000 | 2016 RMB'000 | |
Revenue | 6 | 567,964 | 617,746 |
Cost of sales | (334,139) | (336,921) | |
Gross profit | 233,825 | 280,825 | |
Other income and other gains - net | 9,898 | 3,514 | |
Distribution costs | (182,696) | (194,596) | |
Administrative expenses | (28,641) | (56,681) | |
Operating profit | 32,386 | 33,062 | |
Finance income | 2,411 | 3,812 | |
Finance costs | (5,275) | (113) | |
Finance costs - net | (2,864) | 3,699 | |
Profit before income tax | 7 | 29,522 | 36,761 |
Income tax expense | 8 | (9,470) | (17,513) |
Profit for the period, all attributable to shareholders of the Company | 20,052 | 19,248 | |
Earnings per share attributable to shareholders of the Company | 9 | ||
- Basic and diluted | RMB0.042 | RMB0.040 | |
Dividends | 10 | - | - |
The notes on pages 9 to 22 form an integral part of this interim condensed consolidated financial information.
INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOMEFOR THE SIX MONTHS ENDED 30 JUNE 2017
Unaudited Six months ended 30 June2017 RMB'000 | 2016 RMB'000 | |
Profit for the period | 20,052 | 19,248 |
Other comprehensive income: Items that may be reclassified subsequently to profit or loss: - Currency translation differences | - | 2,368 |
Other comprehensive income for the period | 20,052 | 21,616 |
Total comprehensive income for the period, all attributable to shareholders of the Company | 20,052 | 21,616 |
The notes on pages 9 to 22 form an integral part of this interim condensed consolidated financial information.
Qinqin Foodstuffs Group (Cayman) Co. Ltd. published this content on 15 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 August 2017 04:31:06 UTC.
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