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Jujiang Construction Group Co., Ltd. — Earnings Release 2018
Aug 2, 2018
49937_rns_2018-08-02_52486e3d-6511-450f-b482-42b1619362ec.pdf
Earnings Release
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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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Jujiang Construction Group Co., Ltd. 巨匠建設集團股份有限公司
(A joint stock limited liability company established in the People’s Republic of China) (Stock Code: 1459)
PROFIT ALERT FOR THE RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018
The following is published by Jujiang Construction Group Co., Ltd. (the “ Company ”, together with its subsidiaries, the “ Group ”) in accordance with Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions (within the meaning of the Listing Rules) 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 ”) wishes to inform the shareholders and potential investors of the Company that the net profit of the Group for the six months ended 30 June 2018 (the “ Period ”) is expected to increase by at least 40% compared to that for the corresponding period of last year. The increase in the net profit of the Group was mainly attributable to the significant increase in revenue for the Period as a result of increase in backlog value on hands as at 31 December 2017 and the new backlog value from the new contracts signed by the Group for the Period. During the Period, the Group entered into new contracts of aggregated backlog value of approximately RMB4.0 billion, representing an increase of over 100% as compared to that for the corresponding period of last year.
The Company is still in the course of finalising the unaudited consolidated interim results of the Group for the Period. The information contained in this announcement is based on the preliminary assessment by the Board with reference to the draft unaudited consolidated financial statements of the Group for the Period and the information currently available, which have not been confirmed, reviewed or audited by the Company’s auditors or audit committee of the Company and may be subject to adjustments. Detailed financial information of the Group will be disclosed in the interim results announcement of the Group for the six months ended 30 June 2018 which is expected to be published on before the end of August 2018.
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Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.
On behalf of the Board Jujiang Construction Group Co., Ltd. Mr. Lv Yaoneng Chairman
Hong Kong, 2 August 2018
As of the date of this announcement, the Board of the Company comprises Mr. Lv Yaoneng, Mr. Lv Dazhong, Mr. Li Jinyan, Mr. Lu Zhicheng, Mr. Shen Haiquan and Mr. Zheng Gang, as executive Directors; and Mr. Yu Jingxuan, Mr. Lin Tao, and Mr. Wong Kai Wai, as independent non-executive Directors.
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