AI assistant
CMON Limited — Regulatory Filings 2014
Aug 1, 2014
50172_rns_2014-08-01_5ceaca66-c540-4f80-bf08-c02cb9c6b785.pdf
Regulatory Filings
Open in viewerOpens in your device viewer
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.
瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited
(a joint stock limited company incorporated in the People’s Republic of China)
(Stock code: 747)
PROFIT ALERT
This announcement is made by Shenyang Public Utility Holdings Company Limited (the “ Company ”, together with its subsidiaries, collectively referred to as the “ Group ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The board of directors of the Company (the “ Board ”) would like to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that, based on the preliminary review of the Group’s unaudited management accounts for the six months ended 30 June 2014 (the “ Reporting Period ”), the Group expects to record an increase in profit before taxation, despite a substantial decrease in turnover for the Reporting Period as compared with that of the corresponding period in 2013.
The expected substantial decrease in turnover is mainly due to the fact that the infrastructure construction business did not generate any operating income during the Reporting Period as the acceptance of the completion and transfer of the remaining infrastructure site of Zhongfang Chaozhou Jing Nan Industrial Park Project (the “ Project ”) has not been completed. The Board expects that the acceptance of the remaining infrastructure site of the Project will be completed in the second half of 2014 and the revenue will be recognized by the end of 2014.
The Board also noted that following the completion of the disposal of the entire share capital and the shareholder’s loan of Guangzhou Zhongzhan Investment Holdings Company Limited in January 2014, the Group would have recorded an increased in profit before taxation by approximately 50% to 55% for the Reporting Period, as compared with that of the corresponding period in 2013.
– 1 –
The information contained in this announcement is only a preliminary assessment made by the management of the Company based on the unaudited management accounts of the Group, and such information has not been reviewed by the Company’s Audit Committee. Details of the unaudited interim results of the Group for the Reporting Period are expected to be announced by the Company before the end of August 2014 pursuant to the requirements of the Listing Rules.
Shareholders and potential investors are advised to exercise caution when dealing in shares of the Company.
By Order of the Board Shenyang Public Utility Holdings Company Limited Ma Zhong Hong Chairman
Shenyang, the PRC, 1 August 2014
As at the date of this announcement, the executive directors of the Company are Mr. Ma Zhong Hong, Mr. Deng Xiao Gang and Mr. Huang Zhen Kun, the non-executive directors are Mr. Yin Zong Chen and Ms. Zhang Lei Lei and the independent non-executive directors are Mr. Wong Kai Tat, Mr. Wei Jie Sheng and Mr. Yu Guan Jian.
– 2 –