CHINA CDM EXCHANGE CENTRE LIMITED
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2015
Statement of the Board
China CDM Exchange Centre Limited ("the Company") presents its interim results for the six months ended 30 June 2015.
From the second half of 2014, the government of China gave strong support to the CCER market. The Directors expect the Company will have a good financial position in 2015.
Chairman
For and on behalf of the Board of
China CDM Exchange Centre Limited
Date: 30 September 2015
Enquiries:
China CDM Exchange Centre Limited Jeanne_zhang@aol.com |
+86 010 87246056end_of_the_skype_highlighting |
ISDX Growth Market Advisor: Alfred Henry Corporate Finance Ltd www.alfredhenry.com Jon Isaacs/Nick Michaels |
020 7251 3762 |
The Directors accept responsibility for this announcement.
CHINA CDM EXCHANGE CENTRE LIMITED
INCOME STATEMENTS
1/1/2015-6/30/2015 | 1/1/2014-12/31/2014 | |||
RMB | GBP | RMB | GBP | |
Revenue | 6,129,000.00 | 652,076.77 | 9,790,400.00 | 1,000,822.91 |
Cost of sales | (3,912,521.33) | (416,261.10) | (7,655,952.35) | (782,629.16) |
Gross profit | 2,216,478.67 | 235,815.67 | 2,134,447.65 | 218,193.75 |
Selling expense | ||||
Administration expenses | (1,109,039.55) | (117,992.97) | (1,951,048.33) | (199,445.77) |
Profit from operations | 1,107,439.12 | 117,822.70 | 183,399.32 | 18,747.98 |
Foreign exchange gains | 19,358.67 | 2,059.61 | 96,254.21 | 9,839.58 |
Profit before income tax | 1,126,797.79 | 119,882.31 | 279,653.53 | 28,587.56 |
The accompanying notes form an integral part of these financial statements.
Average exchange rate:?2015.1-6?RMB/GBP?9.3992; ?2014?RMB/GBP?9.7824;
CHINA CDM EXCHANGE CENTRE LIMITED
BALANCE SHEETS
6/30/2015 | 12/31/2014 | |||
RMB | GBP | RMB | GBP | |
Non-current assets | ||||
Property Plant and Equipment | 86,221.34 | 8,942.08 | 88,708.13 | 9,294.94 |
Long term investment | 372,042,500.00 | 38,584,814.67 | 372,042,500.00 | 38,983,046.41 |
Intangible assets | ||||
Total non-current assets | 372,128,721.34 | 38,593,756.75 | 372,131,208.13 | 38,992,341.35 |
Current Assets | ||||
Trade receivable | 67,441,611.22 | 6,994,421.52 | 61,312,611.22 | 6,424,406.81 |
Other receivables | ||||
Cash and cash equivalents | 9,697,940.58 | 1,005,780.90 | 9,678,581.91 | 1,014,133.08 |
Financial assets at fair value through profit or loss | ||||
Total current assets | 77,139,551.80 | 8,000,202.42 | 70,991,193.13 | 7,438,539.89 |
Total assets | 449,268,273.14 | 46,593,959.17 | 443,122,401.26 | 46,430,881.24 |
Current Liabilities | ||||
Other payables | 5,019,074.09 | 520,532.05 | ||
Total current liabilities | 5,019,074.09 | 520,532.05 | ||
Capital and Reserves | ||||
Share capital | 221,999,000.00 | 15,020,515.41 | 221,999,000.00 | 15,020,515.41 |
Capital surplus | 1,064,345.56 | 109,974.13 | 1,064,345.56 | 109,974.13 |
Public product of surplus | 49,336,357.17 | 3,383,675.49 | 49,336,357.17 | 3,383,675.49 |
Undistributed profit | 171,849,496.32 | 15,736,466.31 | 170,722,698.53 | 15,558,641.27 |
Foreign currency translation difference | 11,822,795.78 | 12,358,074.94 | ||
Total shareholder’s equity | 444,249,199.05 | 46,073,427.12 | 443,122,401.26 | 46,430,881.24 |
Total liabilities and shareholder’s equity | 449,268,273.14 | 46,593,959.17 | 443,122,401.26 | 46,430,881.24 |
The accompanying notes form an integral part of these financial statements.
Exchange rate:?30 Jun., 2015?RMB/GBP?9.6422 ; (31 Dec., 2014) RMB/GBP: 9.5437
CHINA CDM EXCHANGE CENTRE LIMITED
CASHFLOW STATEMENTS
1/1/2015-6/30/2015 | 1/1/2014-12/31/2014 | |||
RMB | GBP | RMB | GBP | |
Cashflows from operating activities | ||||
Cashflows from operating operations: | 3,277,432.73 | 335,033.61 | ||
Net cash generated from operating activities | ||||
Cashflows from investing activities | ||||
Cash payment for investment | ||||
Other investment | ||||
Net cash used in investing activities | (14,573.00) | (1,489.72) | ||
Cashflows from financing activities | ||||
Proceeds from issuance of ordinary shares | ||||
Net cash used in financing activities | ||||
Gains on foreign transactions | 19,358.67 | 2,059.61 | 96,254.21 | 9,839.53 |
Net (decrease)/increase in cash and bank balance | 19,358.67 | 2,059.61 | 3,359,113.94 | 343,383.42 |
Cash and bank balance at the beginning of year | 9,678,581.91 | 1,029,724.01 | 6,319,467.97 | 646,003.84 |
Cash and bank balance at the end of year | 9,697,940.58 | 1,031,783.62 | 9,678,581.91 | 989,387.26 |
The accompanying notes form an integral part of these financial statements.
Average exchange rate:?2015.1-6?RMB/GBP?9.3992; ?2014?RMB/GBP?9.7824;
Details of the adjusted earnings per share are set out below:
2015.1-6 | 2014 | 2013 | 2012 | |
Basic EPS (GBP) | 0.001 | 0.0002 | 0.0002 | -0.001 |
Earnings attributable to ordinary shareholders (GBP) | 119,882.31 | 28,587.56 | 21,651.58 | (135,002.33) |
Weighted average number of shares | 117,000,000 | 117,000,000 | 117,000,000 | 117,000,000 |