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    1585   KYG9830F1063

YADEA GROUP HOLDINGS LTD.

(1585)
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Yadea : Announcement of Interim Results for the Six Months Ended June 30, 2017

08/29/2017 | 09:08am EDT

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.

Yadea Group Holdings Ltd.

雅迪集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1585) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2017

The board (the "Board") of directors (the "Directors") of Yadea Group Holdings Ltd. (the "Company") is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended June 30, 2017 (the "Reporting Period"), together with the comparative figures for the corresponding period in 2016 as follows:

FINANCIAL HIGHLIGHTS

For the Reporting Period:

Revenue increased by approximately 10.8% to approximately RMB3,254.5 million as

compared with the corresponding period in 2016.

Gross profit decreased by approximately 21.6% to approximately RMB493.9 million

as compared with the corresponding period in 2016.

Profit attributable to ordinary equity holders of the parent decreased by approximately

3.3% to approximately RMB171.6 million as compared with the corresponding period in 2016.

Basic and diluted earnings per share decreased as compared with the corresponding

period in 2016.

REVENUE

Notes

4(a)

RMB'000

3,254,454

RMB'000

2,937,686

Cost of sales

5(a)

(2,760,581)

(2,307,494)

Gross profit

493,873

630,192

Other income and gains, net

4(b)

85,704

38,305

Selling and distribution expenses

(165,304)

(238,437)

Administrative expenses

(198,157)

(201,570)

Finance costs

6

-

(134)

Profit before tax

5

216,116

228,356

Income tax expense

7

(44,525)

(50,855)

Profit for the period

171,591

177,501

Profit attributable to:

Owners of the parent

171,591

177,501

Earnings per share attributable to ordinary equity holders of the parent

Basic

  • For profit for the period (RMB) 9 0.06 0.08

    Diluted

  • For profit for the period (RMB) 9 0.06 0.07

RMB'000 RMB'000

PROFIT FOR THE PERIOD 171,591 177,501 OTHER COMPREHENSIVE INCOME

Other comprehensive income to be reclassified to profit or loss in subsequent periods:

Exchange differences on translation of foreign operations

(24,115)

12,642

Net other comprehensive income to be reclassified to profit or loss in subsequent periods

(24,115)

12,642

OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX (24,115) 12,642 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD 147,476 190,143 Attributable to:

Owners of the parent 147,476 190,143

NON-CURRENT ASSETS

Notes

RMB'000

RMB'000

Long term receivable

182,259

-

Property, plant and equipment

710,656

732,980

Prepaid land lease payments

290,172

292,839

Intangible assets

16,776

16,966

Available-for-sale investments

14,683

14,683

Prepayments

53,328

59,413

Deferred tax assets

18,842

19,106

Total non-current assets

1,286,716

1,135,987

CURRENT ASSETS

Inventories

10

213,348

205,000

Trade and bills receivables

11

219,582

279,691

Prepayments, deposits and other receivables

334,775

255,176

Financial assets at fair value through profit or loss

1,705,746

1,411,630

Pledged bank deposits

863,700

777,073

Cash and cash equivalents

1,197,904

1,801,405

Total current assets

4,535,055

4,729,975

CURRENT LIABILITIES

Trade and bills payables

12

3,140,880

3,287,399

Other payables and accruals

328,193

285,242

Tax payable

88,799

72,751

Total current liabilities

3,557,872

3,645,392

Net current assets/(liabilities)

977,183

1,084,583

Total assets less current liabilities

2,263,899

2,220,570

Net assets

2,263,899

2,220,570

EQUITY

Equity attributable to owners of the parent

Share capital

188

188

Reserves

2,263,711

2,220,382

Total equity

2,263,899

2,220,570

Yadea Group Holdings Ltd. published this content on 29 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2017 13:07:07 UTC.


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Financials
Sales 2021 27 914 M 4 324 M 4 324 M
Net income 2021 1 455 M 225 M 225 M
Net cash 2021 9 155 M 1 418 M 1 418 M
P/E ratio 2021 23,6x
Yield 2021 1,65%
Capitalization 32 923 M 5 098 M 5 100 M
EV / Sales 2021 0,85x
EV / Sales 2022 0,42x
Nbr of Employees 8 184
Free-Float 36,4%
Chart YADEA GROUP HOLDINGS LTD.
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Yadea Group Holdings Ltd. Technical Analysis Chart | 1585 | KYG9830F1063 | MarketScreener
Technical analysis trends YADEA GROUP HOLDINGS LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 11,57 CNY
Average target price 22,13 CNY
Spread / Average Target 91,3%
EPS Revisions
Managers and Directors
Jing Hong Qian Vice Chairman & Chief Executive Officer
Rui Shi Chief Financial Officer
Jing Gui Dong Chairman
Bi Guang Wu Independent Non-Executive Director
Zong Wei Li Independent Non-Executive Director
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