CITIC Limited — Interim / Quarterly Report 2012

Aug 15, 2012

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.

CITIC Pacific Limited 中信泰富有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00267)

DAYE SPECIAL STEEL CO., LTD. A SUBSIDIARY OF CITIC PACIFIC LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2012

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific”) pursuant to the requirements of Rule 13.09(2) of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited to provide shareholders of CITIC Pacific and the public with the unaudited financial results of Daye Special Steel Co., Ltd. (“Daye”), for the six months ended 30 June 2012.

SUMMARY

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the People’s Republic of China (“PRC”) whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 14 August 2012, the board of directors of Daye has approved the unaudited financial statements for the six months ended 30 June 2012. Daye’s unaudited financial results will be posted on the Shenzhen Stock Exchange’s website on 15 August 2012.

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the PRC whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 14 August 2012, the board of directors of Daye has approved the unaudited financial statements for the six months ended 30 June 2012. Daye’s unaudited financial results will be posted on the Shenzhen Stock Exchange’s website on 15 August 2012. The unaudited financial statements have been prepared in conformity with “Accounting Standards for Business Enterprises” of the PRC. The Consolidated Profit and Loss Account for the six months ended 30 June 2012 and the Consolidated Balance Sheet as at 30 June 2012 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD.

CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2012 - UNAUDITED

		2012	2011
		RMB	RMB
1. Total Operating Income		4,837,069,812	4,538,655,464
_Including:_Operating income		4,837,069,812	4,538,655,464
	Interest income
	Insurance premiums earned
	Fee and commission income
2. Total Operating Costs		4,635,988,697	4,184,611,085
_Including:_Operating costs		4,519,582,756	4,058,244,437
	Interest expenses
	Fee and commission expense
	Surrenders payment
	Net expenditure for compensation payment
	Net provision for insurance contract
	Expenditure for insurance policy dividend
	Reinsurance cost
	Operating taxes and surcharges	10,536,245	2,228,175
	Selling expenses	46,945,055	51,201,542
	General and administrative expenses	54,361,922	62,481,669
	Financial expenses	4,562,719	10,455,262
	Impairment losses on assets
Add:	Gain on change in fair value
	(“-” indicate loss)
	Investment income (“-” indicate loss)
	(including: investment income on associated
	companies and joint ventures)
	Exchange gains (“-” indicate loss)
3. Operating Profit (“-” indicate loss)		201,081,115	354,044,379
Add:	Non-operating income	22,669,369	9,671,771
Less:	Non-operating expenses	1,689,279	593,952
	(including: loss on disposal of non-current assets)	401,103
4. Profit before Tax (“-” indicate total loss)		222,061,205	363,122,198
Less:	Income tax	33,310,137	45,390,275

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CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2012 - UNAUDITED continued

		2012	2011
		RMB	RMB
5.	Net Profit (“-” indicate net loss)	188,751,068	317,731,923
	_Including:_Net profit of the acquiree entity in a business
	combination involving enterprises under common
	control before the combination date
	Net profit attributable to the owners of the Company	188,751,068	317,731,923
	Non-controlling interests
6.	Earnings per share
	(1) Earnings per share - basic	0.42	0.71
	(2) Earnings per share - diluted	0.42	0.71
7.	Other comprehensive income
8.	Total comprehensive income	188,751,068	317,731,923
	Total comprehensive income attributable to the owners of the
	Company	188,751,068	317,731,923
	Total comprehensive income attributable to non-controlling
	interests

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CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2012

Unaudited30 June2012RMBASSETSCurrent Assets1,656,838,891Non-current Assets2,653,390,868Total Assets4,310,229,759LIABILITIES AND OWNERS’ EQUITY (OR SHAREHOLDERS’ EQUITY)Current Liabilities1,305,440,706Non-current Liabilities96,594,078Total Liabilities1,402,034,784-----------------Owners’ Equity (or Shareholders’ Equity)Paid-up Capital (or Share Capital)449,408,480Capital Reserve485,653,274Less: Treasury SharesSpecial ReserveSurplus Reserve226,114,429General risk provisionsRetained Profit1,747,018,792Foreign currency translation differences Total owners' equity attributable to the Company2,908,194,975Non-controlling interests Total Owners’ Equity (or Shareholders’ Equity)2,908,194,975Total Liabilities and Owners’ Equity (orShareholders’ Equity)4,310,229,759	Audited31 December2011RMB2,086,134,5022,615,256,801
	4,701,391,303
	1,755,589,92646,594,078
	1,802,184,004-----------------449,408,480485,653,274226,114,4291,738,031,1162,899,207,299
	2,899,207,299
	4,701,391,303

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GENERAL

Shareholders should note that the above unaudited financial results pertain only to Daye and not to CITIC Pacific itself.

Daye’s Half-Year Report 2012, Summary Half-Year Report 2012 and other relevant information can be found on the Shenzhen Stock Exchange’s website (http://www.szse.cn).

By order of the Board CITIC Pacific Limited Ricky Choy Wing Kay Company Secretary

Hong Kong, 15 August 2012

As at the date of this announcement, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Carl Yung Ming Jie, Vernon Francis Moore, Liu Jifu, Milton Law Ming To and Kwok Man Leung; the non-executive directors of CITIC Pacific are Messrs André Desmarais, Ju Weimin, Yin Ke and Peter Kruyt (alternate director to Mr André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Alexander Reid Hamilton, Gregory Lynn Curl and Francis Siu Wai Keung.

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