SHANGHAI PRIME MACHINERY COMPANY LIMITED 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.
(A joint stock limited company incorporated in the People's Republic of China)
(Stock Code: 02345) ANNOUNCEMENT ON ESTIMATED PROFIT INCREASE FOR THE SIX MONTHS ENDED 30 JUNE 2015
This announcement is made by the Company pursuant to Rule 13.09(2) of the Listing
Rules and the Inside Information Provisions under Part XIVA of the SFO.
The Board wishes to inform the Shareholders and potential investors that the Group is expected to record a substantial increase in the profit for the six months ended 30 June
2015 as compared to the profit for the corresponding period of 2014. Such significant increase in profit is mainly attributable to the benefit from the acquisition and restructuring project and the initial synergy effect of the fastener segment, combined with the varying degrees of growth in other business segments, such as aviation, nuclear power and wind power businesses.
This announcement is made by Shanghai Prime Machinery Company Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) (the "SFO").
The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a substantial increase in the profit for the six months ended 30 June 2015 as compared to the profit for the corresponding period of 2014. Such significant increase in profit is mainly attributable to the benefit from the acquisition and restructuring project and the initial synergy effect of the fastener segment, combined with the varying degrees of growth in other business segments, such as aviation, nuclear power and wind power businesses.
AS Hotline: 2879 8787 • Fax: 2802 0055
Z: 1. Eng Adv118860-01A Shanghai Prime.indd
1st Proof • 17 July 2015 • 10:43 17/07/2015 • (C01) • ione274
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Approved by:
To be submitted to SEHK on 17 July, 2015
The information contained in this announcement is based on the preliminary assessment by the Board in accordance with the unaudited management accounts of the Group for the six months ended 30 June 2015, and is not based on any information or figures which have been audited or reviewed by the Company's auditors and may be subject to adjustments. Shareholders and potential investors are advised to read carefully the interim results announcement of the Company for the six months ended 30 June 2015 which is expected to be announced in August
2015.
By order of the Board
Shanghai Prime Machinery Company Limited Wang QiangChairman
Shanghai, the PRC
17 July 2015
As at the date of this announcement, the Board consists of executive directors, namely Mr. Wang Qiang, Mr. Zhou Zhiyan, Mr. Zhang Jianping, Ms. Zhu Xi, Mr. Sun Wei and Mr. Chen Hui, and independent non-executive directors, namely Mr. Chan Oi Fat, Mr. Ling Hong and Mr. Li Yin.
iOne Financial Press LimitedAS Hotline: 2879 8787 • Fax: 2802 0055
Z: 1. Eng Adv118860-01A Shanghai Prime.indd
1st Proof • 17 July 2015 • 10:43 17/07/2015 • (C01) • ione274
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