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AAC Technologies Holdings Inc. — Interim / Quarterly Report 2015
May 11, 2015
50345_rns_2015-05-11_7133093d-d0d1-4f40-b7c1-a068472038de.pdf
Interim / Quarterly Report
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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.
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(Incorporated in the Cayman Islands with limited liability)
(Stock code: 02018)
RESULTS ANNOUNCEMENT FOR THE THREE MONTHS ENDED 31ST MARCH, 2015
The board of directors (the ‘‘ Board ’’) of AAC Technologies Holdings Inc. (the ‘‘ Company ’’) is pleased to announce the unaudited condensed consolidated statement of profit or loss and other comprehensive income of the Company and its subsidiaries (collectively referred to as the “ Group ”) for the three months ended 31st March, 2015 (the ‘‘Unaudited Results’’) together with the comparative figures for the corresponding period in 2014 which are presented in accordance with the requirements set out in Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Unaudited Results were reviewed by the Company’s audit committee and approved by the Board on 11th May, 2015.
The Unaudited Results may not reflect the results of the Group for the year ending 31st December, 2015. Investors and shareholders of the Company are advised to exercise extreme caution when dealing in the shares of the Company.
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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the three months ended 31st March, 2015
| 1.1.2015 to | 1.1.2015 to | 1.1.2014 to | |
|---|---|---|---|
| 31.3.2015 | 31.3.2014 | ||
| Unaudited | Unaudited | ||
| RMB’000 | RMB’000 | ||
| Revenue | 2,304,711 | 1,854,007 | |
| Cost of goods sold | **(1,348,672) ** | (1,108,756) | |
| Gross profit | 956,039 | 745,251 | |
| Other income | 28,829 | 28,435 | |
| Net fair value gain on foreign currency forward contracts | - | 353 | |
| Distribution and selling expenses | (56,019) | (34,683) | |
| Administrative expenses | (89,599) | (61,661) | |
| Research and development costs | (182,592) | (129,172) | |
| Share of results of associates | (850) | 16 | |
| Exchange gain (loss) | 10,515 | (4,036) | |
| Finance costs | **(3,955) ** | (3,508) | |
| Profit before taxation | 662,368 | 540,995 | |
| Taxation | **(58,270) ** | (55,816) | |
| Profit for the period | 604,098 | 485,179 | |
| Other comprehensive income and expense: | |||
| Item that may be subsequently reclassified to profit or loss: | |||
| Exchange differences arising on translation | (4,259) | 15,329 | |
| Total comprehensive income for the period | 599,839 | 500,508 | |
| Profit for the period attributable to: | |||
| Owners of the Company | 606,198 | 486,977 | |
| Non-controlling interests | **(2,100) ** | (1,798) | |
| 604,098 | 485,179 | ||
| Total comprehensive income and expense attributable to: | |||
| Owners of the Company | 601,952 | 502,600 | |
| Non-controlling interests | **(2,113) ** | (2,092) | |
| 599,839 | 500,508 | ||
| Earnings per share - Basic | RMB49.36 cents | RMB39.66 cents | |
| By order of the Board | |||
| AAC Technologies Holdings Inc. | |||
| Koh Boon | Hwee | ||
| Chairman |
Hong Kong, 11th May, 2015
As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Benjamin Zhengmin Pan and Mr. Mok Joe Kuen Richard; a non-executive Director, namely Ms. Ingrid Chunyuan Wu; and four independent non-executive Directors, namely Mr. Koh Boon Hwee, Mr. Poon Chung Yin Joseph, Dato’ Tan Bian Ee and Ms. Chang Carmen I-Hua.
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