Half-yearly Report
CHINA CDM EXCHANGE CENTRE LIMITED
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2013
Statement of the Board
China CDM Exchange Centre Limited ("the Company") presents its interim results
for the six months ended 30 June 2013.
In the first half of 2013, the Company earned revenue of approximately 1
Million US Dollars as a result of entering into CDM Consultancy Contracts.
During the same time 20% of the Receivables (RMBï¿¥68,121,055.03 as at Dec. 31,
2012) were recovered in cash. Our board, drawing on their industry experience
set about developing new business in the renewable energy field. We are
optimistic there will be some improvement to our financial position in the
second half of 2013.
………………………
Chairman
For and on behalf of the Board of
China CDM Exchange Centre Limited
Date: 27 September 2013
Enquiries:
China CDM Exchange Centre Limited +86 010 87246056
Jeanne_0618@163.com
PLUS Advisor: 020 7251 3762
Alfred Henry Corporate Finance Ltd
www.alfredhenry.com
Jon Isaacs/Nick Michaels
The Directors accept responsibility for this announcement.
CHINA CDM EXCHANGE CENTRE LIMITED
INCOME STATEMENTS
Notes 1/1/2013-6/30/2013 1/1/2012-12/31/2012
RMB GBP RMB GBP
Revenue 3 6,234,200.00 638,292.21 8,199,070.00 825,154.99
Cost of sales (3,911,945.20) (400,526.79) (7,629,593.00) (767,842.78)
Gross profit 2,322,254.80 237,765.41 569,477.00 57,312.21
Selling expense
Administration (1,111,788.43) (113,831.11) (1,581,472.35) (159,159.49)
expenses
Profit from 4 1,210,466.37 123,934.31 (1,011,995.35) (101,847.28)
operations
Foreign exchange (153,854.08) (15,752.44) (329,441.85) (33,155.05)
gains
Profit before 1,056,612.29 108,181.87 (1,341,437.20) (135,002.33)
income tax
The accompanying notes form an integral part of these financial statements.
Average exchange rate:(2013.1-6)RMB/GBP:9.7670; (2012)RMB/GBP:9.9364;
CHINA CDM EXCHANGE CENTRE LIMITED
BALANCE SHEETS
Note 6/30/2013 12/31/2012
RMB GBP RMB GBP
Non-current assets
Property Plant and 5 40,442.26 4,292.64 99,541.99 9,796.38
Equipment
Long term investment 6 372,042,500.00 39,489,507.82 372,042,500.00 36,614,392.14
Intangible assets 7 99,220,000.16 10,531,455.34 108,240,000.14 10,652,390.01
Total non-current assets 471,302,942.42 50,025,255.79 480,382,048.13 47,276,578.53
Current Assets
Trade receivable 8 54,496,844.02 5,784,429.33 68,121,055.03 6,704,102.41
Other receivables
Cash and cash 9 22,065,870.94 2,342,125.92 2,361,314.01 232,387.64
equivalents
Financial assets at fair
value through profit or
loss
Total current assets 76,562,714.96 8,126,555.25 70,482,369.04 6,936,490.05
Total assets 547,865,657.38 58,151,811.04 550,864,411.17 54,213,068.58
Current Liabilities
Other payables 4,964,633.90 526,958.48
Total current 4,964,633.90 526,958.48
liabilities
Capital and Reserves
Share capital 10 221,999,000.00 15,020,515.41 221,999,000.00 15,020,515.41
Capital surplus 100,284,345.72 10,341,792.74 109,304,345.70 10,761,985.30
Public product of 49,336,357.17 3,383,675.49 49,336,357.17 3,383,675.49
surplus
Undistributed profit 171,281,320.59 15,616,584.00 170,224,708.30 15,508,402.13
Foreign currency 13,262,284.93 9,538,490.26
translation difference
Total shareholder's 542,901,023.48 57,624,852.57 550,864,411.17 54,213,068.58
equity
Total liabilities and 547,865,657.38 58,151,811.04 550,864,411.17 54,213,068.58
shareholder's equity
The accompanying notes form an integral part of these financial statements.
Exchange rate:(30 Jun., 2013)RMB/GBP:9.4213; (31 Dec., 2012) RMB/GBP: 10.1611
CHINA CDM EXCHANGE CENTRE LIMITED
CASHFLOW STATEMENTS
Note 1/1/2013-6/30/2013 1/1/2012-12/31/2012
RMB GBP RMB GBP
Cashflows from operating
activities
Cashflows from operating 11 19,858,411.01 2,033,214.97 (889,912.63) (89,560.87)
operations:
Net cash generated from
operating activities
Cashflows from investing
activities
Cash payment for
investment
Other investment
Net cash used in
investing activities
Cashflows from financing
activities
Proceeds from issuance
of ordinary shares
Net cash used in
financing activities
Gains on foreign (153,854.08) -15,752.44 (329,441.85) (33,155.05)
transactions
Net (decrease)/increase 19,704,556.93 2,017,462.53 (1,219,354.08) (122,715.92)
in cash and bank balance
Cash and bank balance at 2,361,314.01 241,764.51 3,580,668.49 360,358.73
the beginning of year
Cash and bank balance at 22,065,870.94 2,259,227.04 2,361,314.01 237,642.81
the end of year
The accompanying notes form an integral part of these financial statements.
Average exchange rate:(2013.1-6)RMB/GBP:9.7670; (2012)RMB/GBP:9.9364;
Details of the adjusted earnings per share are set out below:
2013.1-6 2012 2011 2010
Basic EPS (GBP) 0.001 -0.001 -0.009 0.05
Earnings attributable to 108,181.87 (135,002.33) (1,044,997.50) 5,868,205.90
ordinary shareholders (GBP)
Weighted average number of 117,000,000 117,000,000 117,000,000 117,000,000
shares