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：魏橋紡織股份有限公司公佈業績。
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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
欲覽全部詳情，請點擊以下鏈接：截至二零二零年六月三十日止六個月的https://www1.hkexnews.hk/listedco/listconews/sehk/2020/0814/2020081401939.pdf中期業績公告收入約為人民幣5,430,000,000元，較去年同期減少約30.2%。本公司所有者應占純利約為人民幣1.55億元，較去年同期減少約24.8%。每股收益約為0.13元人民幣(去年同期：約0.17元人民幣)。*只供識別之用-1-簡明合併損益表及其他綜合收益截至2020年6月30日的6個月截至2020年6月30日的6個月2019年票據人民幣‘000元’000元(未經審計)(未經審計)收入5,430,121 7,783,952 3(5,019,735)銷售成本(7,175,797)410,386毛利608,155 128,791其他收入73,122 5(63,124)銷售和分銷費用(68391)(131,764)行政費用(134,236)(9,004)其他費用(10,887)(56,919)財務成本(75,006)6224聯營公司的利潤份額656税前利潤278,590 393,413(124,542)所得税支出(188,085)7期內溢利及綜合收益總額154,048 205,328 8歸屬：公司154,918名業主206,330(870)非控股權益(1,002)154,048 205,328公司所有者應占每股收益0.13基本及攤薄(人民幣)0.17 10-2-簡明綜合財務狀況表截至2020年6月30日，截至2020年6月31日，2019年12月，人民幣‘000票據’000元(未經審計)(經審計)非流動資產9,981,477物業、廠房及設備10,418,785 11,393,255使用權資產405,332 12 20,416投資物業20,784 68其他無形資產76 76 200聯營公司75,976按金收購物業、廠房及設備16,458 92,150遞延税項資產96,952非流動資產總額10,563,566 11,034,363流動資產2,902,657存貨2,765,713 13 290,141應收貿易賬款402,190 14 236,326存款、預付款和其他應收賬款239,828 15 75,718質押存款107,782 9,991,410銀行餘額和現金9,875,342 13,496,252 13,390,855分類為持有待售的非流動資產--1,271流動資產總額13,496,252 13,392,126流動負債1,063,656應付貿易款項1,371,593 16,007,190其他應付款項和應計項目1,069,470 17 13,283租賃負債13,336 12 161,727合同負債171,565 1,040,617應付所得税1,039,214 2,059,000銀行借款2,109,350 18 16,569遞延收入15,609流動負債總額5,362,042 5,790,137流動淨資產8,134,210 7,601,989總資產減去流動負債18,697,776 18,636,352-3-截至2020年6月31日截至2019年12月30日人民幣‘000元票據(未經審計)(經審計)股本1,194,389
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August 14, 2020 09:58 ET (13:58 GMT)
2020年8月14日東部時間09：58(格林尼治標準時間13：58)
DJ HK Bourse: Results Announcement From Weiqiao Textile Co. Ltd. -2-
DJ香港交易所：魏橋紡織股份有限公司業績公告-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儲備17,220,557 18,493,423公司所有者應占權益18,414,946,918非控股權益11,788總股本18,504,341 18,426,734非流動負債54,631租賃負債61,259 12 133,885遞延收入143,129 4,919遞延税項負債5,230非流動負債總額193,435 209,618股本和非流動負債總額18,697,776 18,636,352-4-簡明合併權益變動表截至二零二零年六月三十日止六個月本公司非法定控股股東應占盈餘總額留存股本權益公積金利潤總額資本公積1,194,389 6,692,394元人民幣1,845,222 8,682,941 18,414,946 11,788 18,426,734元(注)2019年12月31日(審計)利潤和綜合總收入-154,918 154,918(870)154,048收入-(76,441)(76,441)-(76,441)2019年末期股息宣佈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(未經審計)截至2018年12月31日(經審計)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宣佈2018年末期股息-(197,791)(197,791)-(197,791)截至2019年6月30日(未經審計)1,194,389 6,692,394 1,845,222 8,670,933 18,402,938 13,449 18,416,387注：根據適用法律及法規的規定，在中華人民共和國(“中國”)設立和經營的實體應從其每年的税後利潤中撥出/撥備一部分作為法定盈餘公積金。法定盈餘公積金可用於抵消前幾年的虧損或增加資本金。但是，法定盈餘公積金使用後的餘額必須保持在註冊資本的25%以上。-5-簡明合併現金流量表截至2020年6月30日的6個月截至2019年6月30日的6個月人民幣‘000’000元(未經審計)經營活動淨現金214,549,793,304投資活動32,064質押存款減少(增加)(263,327)21,892處置財產、廠房和設備所得收益8,577 15,667銀行利息收入收到17,049 7,240出售持有待售非流動資產所得款項3,526-購置房產、廠房和設備預付款(8558)(4683)購置房產、廠房和設備(30660)投資活動所得(用於)現金淨額72,180(273,393)融資活動(897,350)償還銀行借款(1,031,350)(76,441)已支付股息(197,791)(57,800)已支付利息(46,272)(6,681)支付租賃負債(8,479)20,611政府撥款600,847,000新的銀行借款籌集了1,121,350用於融資活動的現金淨額(170661)(161,942)現金及現金等價物淨增116,068,357,969期初的現金和現金等價物9,875,342 9,596,558期末的現金和現金等價物，由銀行餘額和現金9991,410 9,954,527-6表示-中期簡明合併財務報表附註截至二零二零年六月三十日止六個月1.魏橋紡織有限公司(“本公司”)是一家在中國成立的有限公司。本公司註冊辦事處位於中國山東省鄒平縣魏橋鎮啟東路34號。本集團的直接控股公司及最終控股公司分別為山東魏橋創業集團有限公司*(“控股公司”)及山東魏橋投資控股有限公司*(“魏橋投資”)，兩者均為於中國成立的有限責任公司。本集團主要從事棉紗、坯布及牛仔的製造及銷售，以及發電及銷售電力及蒸汽。本集團截至二零二零年六月三十日止六個月的簡明綜合財務報表乃根據香港會計師公會(“香港會計師公會”)頒佈的香港會計準則(“香港會計準則”)第34號“中期財務報告”編制。簡明合併財務報表以人民幣(“人民幣”)列示，與本公司的本位幣相同。人民幣是本公司主要子公司經營所處的主要經濟環境的貨幣(主要子公司的本位幣)。2.主要會計政策簡明合併中期財務報表按歷史成本編制。簡明綜合財務報表所使用的會計政策與本集團編制截至2019年12月31日止年度的年度綜合財務報表所遵循的會計政策一致，但下述情況除外。在目前的過渡期內，本集團首次實施了以下新的和修訂的
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August 14, 2020 09:58 ET (13:58 GMT)
2020年8月14日東部時間09：58(格林尼治標準時間13：58)