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Medlive Technology Co., Ltd. — Earnings Release 2013
Jan 22, 2014
50436_rns_2014-01-22_56c02ed7-a3ec-432f-a4a4-9e1c5ffc4fdc.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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HISENSE KELON ELECTRICAL HOLDINGS COMPANY LIMITED 海信科龍電器股份有限公司
(A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 00921)
ANNOUNCEMENT ON ESTIMATED RESULTS FOR THE YEAR 2013
This announcement is made by Hisense Kelon Electrical Holdings Company Limited (the “ Company ”) pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
I. Estimated results during the current reporting period
- Period of the estimated results: from 1 January 2013 to 31 December 2013
- 2. Estimated results: � Loss � Turnaround from loss √Increase over the
same period last year � Decrease over the same period last year
| Item | Current reporting period | Correspondingperiod last year |
|---|---|---|
| Net profitattributable to theshareholders ofthe listed company | Increased by 67%-100% as comparedto the corresponding periodlast year | Profit: RMB717.76million |
| Profit: RMB1200 million – 1435million | ||
| Basic earnings pershare | Profit: approximatelyRMB0.886 –1.06 | Profit: RMB0.53 |
Note: The figures as shown above are prepared in accordance with the PRC accounting standards.
II. Preliminary audit of the estimated results
These estimated results have not been audited preliminarily by certified public accountants.
III. Explanation for the changes in results
According to the preliminary estimation by the financial department of the Company, the Company’s net profits attributable to the shareholders of the listed company for the reporting period recorded an increase of 67%-100% as compared to the corresponding period last year. The growth of the results was mainly attributable to
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the increase in the revenue, the increase in the gross profit margin and the substantial increase in the profit for the first three quarters of the reporting period when compared to the corresponding period last year.
During the reporting period, the growth rates of the revenue of the refrigerator and air-conditioner products of the Company continued to remain higher than the overall growth rates of the industries. Meanwhile, the Company has also actively adjusted its product structure and launched a series of high-end products leading to continuous improvement in gross profit margin of the product and increase in profitability.
IV. Other information
For details of the results of operation of the Company for the year 2013, the Company will disclose the same in the 2013 annual report. Investors should remain cautious about the risks relating to investment.
By order of the Board of Hisense Kelon Electrical Holdings Company Limited Tang Ye Guo Chairman
Foshan City, Guangdong, the PRC, 22 January 2014
As at the date of this announcement, the Company’s directors are Mr. Tang Ye Guo, Mr. Ren Li Ren, Ms. Yu Shu Min, Mr. Lin Lan, Mr. Xiao Jian Lin and Mr. Gan Yong He; and the Company’s independent non-executive directors are Mr. Xu Xiang Yi, Mr. Wang Xin Yu and Mr. Wang Ai Guo.
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