HK Bourse: Results Announcement From Weiqiao Textile Co. Ltd. -2-
HK Bourse: Results Announcement From Weiqiao Textile Co. Ltd. -2-
DJ HK Bourse: Results Announcement From Weiqiao Textile Co. Ltd.
DJ香港交易所：魏桥纺织股份有限公司公布业绩。
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https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0814/2020081401939.pdf INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2020 Revenue was approximately RMB5,430 million, representing a decrease of approximately 30.2% from that for the corresponding period of last year. Net profit attributable to owners of the Company was approximately RMB155 million, representing a decrease of approximately 24.8% from that for the corresponding period of last year. Earnings per share were approximately RMB0.13 (same period last year: approximately RMB0.17).
* For identification purpose only -1-
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30 JUNE 2020 For the six months ended 30 June 2020 2019 Notes RMB'000 RMB'000 (Unaudited) (Unaudited)
Revenue 5,430,121 7,783,952 3 (5,019,735)
Cost of sales (7,175,797) 410,386
Gross profit 608,155 128,791
Other income 73,122 5 (63,124)
Selling and distribution expenses (68,391) (131,764)
Administrative expenses (134,236) (9,004)
Other expenses (10,887) (56,919)
Finance costs (75,006) 6 224
Share of profit of an associate 656
Profit before taxation 278,590 393,413 (124,542)
Income tax expenses (188,085) 7
Profit and total comprehensive income for the period 154,048 205,328 8
Attributable to: 154,918 Owners of the Company 206,330 (870) Non-controlling interests (1,002) 154,048 205,328
Earnings per share attributable to owners of the Company 0.13 Basic and diluted (RMB) 0.17 10 -2-
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2020 As at 30 As at 31 June 2020 December 2019 RMB'000 Notes RMB'000 (Unaudited) (Audited)
Non-current assets 9,981,477 Property, plant and equipment 10,418,785 11 393,255 Right-of-use assets 405,332 12 20,416 Investment properties 20,784 68 Other intangible assets 76 76,200 Interest in an associate 75,976 Deposits paid for acquisition of property, - plant and equipment 16,458 92,150 Deferred tax assets 96,952
Total non-current assets 10,563,566 11,034,363
Current assets 2,902,657 Inventories 2,765,713 13 290,141 Trade receivables 402,190 14 236,326 Deposits, prepayments and other receivables 239,828 15 75,718 Pledged deposits 107,782 9,991,410 Bank balances and cash 9,875,342 13,496,252 13,390,855
Non-current assets classified as held for sale - 1,271
Total current assets 13,496,252 13,392,126
Current liabilities 1,063,656 Trade payables 1,371,593 16 1,007,190 Other payables and accruals 1,069,470 17 13,283 Lease liabilities 13,336 12 161,727 Contract liabilities 171,565 1,040,617 Income tax payable 1,039,214 2,059,000 Bank borrowings 2,109,350 18 16,569 Deferred income 15,609
Total current liabilities 5,362,042 5,790,137
Net current assets 8,134,210 7,601,989
Total assets less current liabilities 18,697,776 18,636,352 -3- As at 30 As at 31 June 2020 December 2019 RMB'000 Notes RMB'000 (Unaudited) (Audited)
Equity 1,194,389
欲览全部详情，请点击以下链接：截至二零二零年六月三十日止六个月的https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0814/2020081401939.pdf中期业绩公告收入约为人民币5,430,000,000元，较去年同期减少约30.2%。本公司所有者应占纯利约为人民币1.55亿元，较去年同期减少约24.8%。每股收益约为0.13元人民币(去年同期：约0.17元人民币)。*只供识别之用-1-简明合并损益表及其他综合收益截至2020年6月30日的6个月截至2020年6月30日的6个月2019年票据人民币‘000元’000元(未经审计)(未经审计)收入5,430,121 7,783,952 3(5,019,735)销售成本(7,175,797)410,386毛利608,155 128,791其他收入73,122 5(63,124)销售和分销费用(68391)(131,764)行政费用(134,236)(9,004)其他费用(10,887)(56,919)财务成本(75,006)6224联营公司的利润份额656税前利润278,590 393,413(124,542)所得税支出(188,085)7期内溢利及综合收益总额154,048 205,328 8归属：公司154,918名业主206,330(870)非控股权益(1,002)154,048 205,328公司所有者应占每股收益0.13基本及摊薄(人民币)0.17 10-2-简明综合财务状况表截至2020年6月30日，截至2020年6月31日，2019年12月，人民币‘000票据’000元(未经审计)(经审计)非流动资产9,981,477物业、厂房及设备10,418,785 11,393,255使用权资产405,332 12 20,416投资物业20,784 68其他无形资产76 76 200联营公司75,976按金收购物业、厂房及设备16,458 92,150递延税项资产96,952非流动资产总额10,563,566 11,034,363流动资产2,902,657存货2,765,713 13 290,141应收贸易账款402,190 14 236,326存款、预付款和其他应收账款239,828 15 75,718质押存款107,782 9,991,410银行余额和现金9,875,342 13,496,252 13,390,855分类为持有待售的非流动资产--1,271流动资产总额13,496,252 13,392,126流动负债1,063,656应付贸易款项1,371,593 16,007,190其他应付款项和应计项目1,069,470 17 13,283租赁负债13,336 12 161,727合同负债171,565 1,040,617应付所得税1,039,214 2,059,000银行借款2,109,350 18 16,569递延收入15,609流动负债总额5,362,042 5,790,137流动净资产8,134,210 7,601,989总资产减去流动负债18,697,776 18,636,352-3-截至2020年6月31日截至2019年12月30日人民币‘000元票据(未经审计)(经审计)股本1,194,389
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August 14, 2020 09:58 ET (13:58 GMT)
2020年8月14日东部时间09：58(格林尼治标准时间13：58)
DJ HK Bourse: Results Announcement From Weiqiao Textile Co. Ltd. -2-
DJ香港交易所：魏桥纺织股份有限公司业绩公告-2-
Share capital 1,194,389 19 17,299,034 Reserves 17,220,557 18,493,423
Equity attributable to owners of the Company 18,414,946 10,918
Non-controlling interests 11,788
Total equity 18,504,341 18,426,734
Non-current liabilities 54,631 Lease liabilities 61,259 12 133,885 Deferred income 143,129 4,919 Deferred tax liabilities 5,230
Total non-current liabilities 193,435 209,618
Total equity and non-current liabilities 18,697,776 18,636,352 -4-
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE SIX MONTHS ENDED 30 JUNE 2020 Attributable to owners of the Company Non- Statutory controlling Total surplus Retained Share Capital interests equity reserve profits Total capital reserve RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 (Note) 1,194,389 6,692,394 1,845,222 8,682,941 18,414,946 11,788 18,426,734
At 31 December 2019 (Audited)
Profit and total comprehensive - - - 154,918 154,918 (870) 154,048 income for the period - - - (76,441) (76,441) - (76,441)
Final 2019 dividend declared 1,194,389 6,692,394 1,845,222 8,761,418 18,493,423 10,918 18,504,341
At 30 June 2020 (Unaudited)
At 31 December 2018 (Audited) 1,194,389 6,692,394 1,845,222 8,662,394 18,394,399 14,451 18,408,850
Profit and total comprehensive income for the period - - - 206,330 206,330 (1,002) 205,328
Final 2018 dividend declared - - - (197,791) (197,791) - (197,791)
At 30 June 2019 (Unaudited) 1,194,389 6,692,394 1,845,222 8,670,933 18,402,938 13,449 18,416,387
Note: As required by applicable law and regulations, entities established and operated in the People's Republic of China (the "PRC") shall set aside/appropriate a portion of its after tax profits of each year to fund statutory surplus reserve. The statutory surplus reserve can be utilised to offset prior years' losses or to increase capital. However, the balance of the statutory surplus reserve must be maintained at a minimum of 25% of the registered capital after such usage. -5-
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED 30 JUNE 2020 For the six months ended 30 June 2020 2019 RMB'000 RMB'000 (Unaudited) (Unaudited)
NET CASH FROM OPERATING ACTIVITIES 214,549 793,304
INVESTING ACTIVITIES 32,064
Decrease (increase) in pledged deposits (263,327) 21,892
Proceeds from disposal of property, plant and equipment 8,577 15,667
Bank interest income received 17,049 7,240
Proceeds from disposal of non-current assets held for sale 3,526 -
Prepayment for acquisition of property, plant and equipment (8,558) (4,683)
Purchase of property, plant and equipment (30,660)
NET CASH FROM (USED IN) INVESTING ACTIVITIES 72,180 (273,393)
FINANCING ACTIVITIES (897,350)
Repayment of bank borrowings (1,031,350) (76,441)
Dividend paid (197,791) (57,800)
Interest paid (46,272) (6,681)
Payment of lease liabilities (8,479) 20,611
Government grant received 600 847,000
New bank borrowings raised 1,121,350
NET CASH USED IN FINANCING ACTIVITIES (170,661) (161,942)
NET INCREASE IN CASH AND CASH EQUIVALENTS 116,068 357,969
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD 9,875,342 9,596,558
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD, REPRESENTED BY BANK BALANCES AND CASH 9,991,410 9,954,527 -6-
NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED 30 JUNE 2020
1. GENERAL INFORMATION AND BASIS OF PREPARATION Weiqiao Textile Company Limited (the "Company") is a limited company established in the PRC. The registered office of the Company is located at No. 34, Qidong Road, Weiqiao Town, Zouping Country, Shandong Province, the PRC. The immediate holding company and the ultimate holding company of the Group are Shandong Weiqiao Chuangye Group Company Limited* (the "Holding Company") and Shandong Weiqiao Investment Holdings Company Limited* ("Weiqiao Investment") respectively, both of which are limited liability companies established in the PRC. The Group was principally engaged in the manufacture and sale of cotton yarn, grey fabric and denim and generation and sale of electricity and steam. The condensed consolidated financial statements of the Group for the six months ended 30 June 2020 have been prepared in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants (the "HKICPA"). The condensed consolidated financial statements are presented in Renminbi ("RMB"), which is the same as the functional currency of the Company. RMB is the currency of the primary economic environment in which the principal subsidiaries of the Company operates (the functional currency of the principal subsidiaries).
2. PRINCIPAL ACCOUNTING POLICIES The condensed consolidated interim financial statements have been prepared on the historical cost basis. The accounting policies used in the condensed consolidated financial statements are consistent with those followed in the preparation of the Group's annual consolidated financial statements for the year ended 31 December 2019 except as described below. In the current interim period, the Group has applied, for the first time, the following new and amendments
股本1,194,389 19 17,299,034储备17,220,557 18,493,423公司所有者应占权益18,414,946,918非控股权益11,788总股本18,504,341 18,426,734非流动负债54,631租赁负债61,259 12 133,885递延收入143,129 4,919递延税项负债5,230非流动负债总额193,435 209,618股本和非流动负债总额18,697,776 18,636,352-4-简明合并权益变动表截至二零二零年六月三十日止六个月本公司非法定控股股东应占盈余总额留存股本权益公积金利润总额资本公积1,194,389 6,692,394元人民币1,845,222 8,682,941 18,414,946 11,788 18,426,734元(注)2019年12月31日(审计)利润和综合总收入-154,918 154,918(870)154,048收入-(76,441)(76,441)-(76,441)2019年末期股息宣布1,194,389 6,692,394 1,845,222 8,761,418 18,493,423 10,918 18,504,341截至2020年6月30日(未经审计)截至2018年12月31日(经审计)1,194,389 6,692,394 1,845,222 8,662,394 18,394,399 14,451 18,408,850-206,330 206,330(1,002)205,328宣布2018年末期股息-(197,791)(197,791)-(197,791)截至2019年6月30日(未经审计)1,194,389 6,692,394 1,845,222 8,670,933 18,402,938 13,449 18,416,387注：根据适用法律及法规的规定，在中华人民共和国(“中国”)设立和经营的实体应从其每年的税后利润中拨出/拨备一部分作为法定盈余公积金。法定盈余公积金可用于抵消前几年的亏损或增加资本金。但是，法定盈余公积金使用后的余额必须保持在注册资本的25%以上。-5-简明合并现金流量表截至2020年6月30日的6个月截至2019年6月30日的6个月人民币‘000’000元(未经审计)经营活动净现金214,549,793,304投资活动32,064质押存款减少(增加)(263,327)21,892处置财产、厂房和设备所得收益8,577 15,667银行利息收入收到17,049 7,240出售持有待售非流动资产所得款项3,526-购置房产、厂房和设备预付款(8558)(4683)购置房产、厂房和设备(30660)投资活动所得(用于)现金净额72,180(273,393)融资活动(897,350)偿还银行借款(1,031,350)(76,441)已支付股息(197,791)(57,800)已支付利息(46,272)(6,681)支付租赁负债(8,479)20,611政府拨款600,847,000新的银行借款筹集了1,121,350用于融资活动的现金净额(170661)(161,942)现金及现金等价物净增116,068,357,969期初的现金和现金等价物9,875,342 9,596,558期末的现金和现金等价物，由银行余额和现金9991,410 9,954,527-6表示-中期简明合并财务报表附注截至二零二零年六月三十日止六个月1.魏桥纺织有限公司(“本公司”)是一家在中国成立的有限公司。本公司注册办事处位于中国山东省邹平县魏桥镇启东路34号。本集团的直接控股公司及最终控股公司分别为山东魏桥创业集团有限公司*(“控股公司”)及山东魏桥投资控股有限公司*(“魏桥投资”)，两者均为于中国成立的有限责任公司。本集团主要从事棉纱、坯布及牛仔的制造及销售，以及发电及销售电力及蒸汽。本集团截至二零二零年六月三十日止六个月的简明综合财务报表乃根据香港会计师公会(“香港会计师公会”)颁布的香港会计准则(“香港会计准则”)第34号“中期财务报告”编制。简明合并财务报表以人民币(“人民币”)列示，与本公司的本位币相同。人民币是本公司主要子公司经营所处的主要经济环境的货币(主要子公司的本位币)。2.主要会计政策简明合并中期财务报表按历史成本编制。简明综合财务报表所使用的会计政策与本集团编制截至2019年12月31日止年度的年度综合财务报表所遵循的会计政策一致，但下述情况除外。在目前的过渡期内，本集团首次实施了以下新的和修订的
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August 14, 2020 09:58 ET (13:58 GMT)
2020年8月14日东部时间09：58(格林尼治标准时间13：58)