BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 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.
(incorporated in Hong Kong under the Companies Ordinance with limited liability)
(Stock code: 285)Website: http://www.byd-electronic.com
Turnover | 47.67% | To RMB29,286 million |
Gross profit | -9.58% | To RMB1,904 million |
Profit attributable to owners of the parent | 0.72% | To RMB908 million |
Earnings per share HIGHLIGHTS | 0.72% | To RMB0.40 |
The success in securing smart phone EMS orders from leading domestic brands contributed to a rapid growth in the Group's revenue.
The sustainability of attaining orders of flagship models from top-tier manufacturers at home and abroad led to significant growth in sales of the metal components business.
The accomplishment in expanding new clientele of mobile intelligent terminals laid the foundation for long-term sustainable development of the Group.
The Board of Directors (the "Board") of BYD Electronic (International) Company Limited (the "Company" or "BYD Electronic") is pleased to announce the consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2015 (the "Year") together with comparative figures in 2014.
CONSOLIDATED STATEMENT OF PROFIT OR Year ended 31 December 2015 | LOSS | ||
Notes | 2015 RMB'000 | 2014 RMB'000 | |
REVENUE | 4 | 29,285,830 | 19,832,127 |
Cost of sales | (27,382,285) | (17,726,965) | |
Gross profit | 1,903,545 | 2,105,162 | |
Other income and gains | 4 | 451,442 | 291,908 |
Government grants and subsidies | 5 | 47,852 | - |
Research and development expenses | (722,270) | (709,087) | |
Selling and distribution expenses | (152,044) | (162,091) | |
Administrative expenses | (453,609) | (386,929) | |
Other expenses | (35,390) | (121,229) | |
Finance costs | 6 | (3,089) | (5,530) |
PROFIT BEFORE TAX | 7 | 1,036,437 | 1,012,204 |
Income tax expense | 8 | (128,292) | (110,507) |
PROFIT FOR THE YEAR Attributable to owners of the parent | 908,145 | 901,697 |
- Basic and diluted
- For profit for the year 9 RMB0.40 RMB0.40
Year ended 31 December 2015
RMB'000 RMB'000
Other comprehensive income to be reclassified to profit or loss in subsequent periods
Exchange differences on translation of foreign operations | (25,578) | (5,734) |
Net other comprehensive income to be reclassified to profit or loss in subsequent periods | (25,578) | (5,734) |
OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX | (25,578) | (5,734) |
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 882,567 | 895,963 |
Attributable to owners of the parent | 882,567 | 895,963 |
CONSOLIDATED STATEMENT OF FINANCIAL As at 31 December 2015 | POSITION | ||
Notes | 31 December 2015 RMB'000 | 31 December 2014 RMB'000 (Restated) | |
NON-CURRENT ASSETS Property, plant and equipment | 6,656,894 | 4,697,261 | |
Prepaid land lease payments | 219,049 | 224,160 | |
Prepayments for property, plant and equipment | 292,952 | 464,036 | |
Other intangible assets | 17,680 | 20,596 | |
Loan to the ultimate holding company | 400,000 | 400,000 | |
Deferred tax assets | 210,502 | 180,457 | |
Total non-current assets | 7,797,077 | 5,986,510 | |
CURRENT ASSETS Inventories | 3,948,269 | 2,438,583 | |
Trade and bills receivables | 10 | 7,906,438 | 5,994,863 |
Prepayments, deposits and other receivables | 359,174 | 433,359 | |
Due from related party | 4,786 | - | |
Pledged deposits | 1,155 | 101,909 | |
Short-term deposits | 268,600 | 139,051 | |
Cash and cash equivalents | 1,958,902 | 1,740,182 | |
Total current assets | 14,447,324 | 10,847,947 | |
CURRENT LIABILITIES Trade and bills payables | 11 | 9,265,345 | 6,319,576 |
Other payables | 2,234,186 | 772,482 | |
Due to related parties | 29,055 | - | |
Tax payable | 168,036 | 77,187 | |
Total current liabilities | 11,696,622 | 7,169,245 | |
NET CURRENT ASSETS | 2,750,702 | 3,678,702 |
BYD Electronic (International) Co. Ltd. issued this content on 28 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 March 2016 11:04:04 UTC
Original Document: http://www.byd-electronic.com/u/cms/www/201603/28184814so4m.pdf
