SSY Group Limited — Earnings Release 2019

Oct 21, 2019

Hong Kong Exchange 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: 2005)

UNAUDITED OPERATING RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2019

This announcement is made by SSY Group Limited (the “Company”) pursuant to Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2) of the Listing Rules.

The board of directors (the “Board”) of the Company is pleased to announce the following unaudited operating results of the Company and its subsidiaries (together, the “Group”) for the nine months ended 30 September 2019 based on its management accounts which have not been audited or reviewed by the auditor of the Company.

Majority of the Group’s sales are conducted in the PRC and are denominated in Renminbi (“RMB”). In terms of RMB, the unaudited turnover of the Group for the nine months ended 30 September 2019 increased by 15.3% as compared with the same period of 2018 to approximately RMB2,954 million. However, RMB depreciated by approximately 4.6% when translated into Hong Kong dollars (“HK$”) for the nine months ended 30 September 2019 as compared with that for the same period of 2018. As a result, in terms of HK$, the unaudited turnover of the Group for the nine months ended 30 September 2019 increased by 10.0% as compared with the same period of 2018 to approximately HK$3,380 million.

In terms of HK$, the unaudited gross profit of the Group for the nine months ended 30 September 2019 was approximately HK$2,072 million, representing an increase of 8.8% as compared with the same period of 2018. The unaudited gross profit margin of the Group for the nine months ended 30 September 2019 was approximately 61.3%, representing a slight drop of 0.7 percentage point as compared with the same period of 2018. For the nine months ended 30 September 2019, the Group’s unaudited profit attributable to the shareholders of the Company (the “Shareholders”) increased by 17.2% as compared with the same period of 2019 to approximately HK$759 million.

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For the nine months ended 30 September 2019, the abovementioned unaudited turnover of the Group of approximately HK$3,380 million was comprised of the following:

For the nine months ended 30 September 2019	Unauditedturnover(HK$)	Increase/(decrease)from sameperiod of2018	% ofunauditedturnover
IV solutionproducts(includingthe subcontracting products)
Non-PVC soft bagIV solution	1,386 million	3.6%	41.0%
Upright soft bagIV solution	465 million	(2.8)%	13.8%
PPplastic bottle IV solution	630 million	5.9%	18.6%
Glass bottle IV solution	357 million	6.7%	10.6%
Non-IV solutionproducts
Small liquid injectionsproducts in ampoule	262 million	256.0%	7.7%
Otherproducts and services	280 million	10.4%	8.3%

Shareholders and potential investors should note that all financial information contained in this announcement is unaudited. Accordingly, such information shall in no way be regarded as to provide any indication of the audited financial results of the Group for the nine months ended 30 September 2019 or any assurance on such audited financial results. Such information may differ from the information to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of compiling such operating results information.

Shareholders and potential investors are advised to exercise caution in dealing in the securities of the Company.

On behalf of the Board Chow Hing Yeung Company Secretary

Hong Kong, 21 October 2019

As at the date of this announcement, the Board comprises Mr. Qu Jiguang, Mr. Wang Xianjun and Mr. Su Xuejun as executive Directors, Mr. Feng Hao as non-executive Director and Mr. Wang Yibing, Mr. Leung Chong Shun and Mr. Chow Kwok Wai as independent non-executive Directors.

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