change
Overall Results Summary
H2 2018 RMB mH2 2017 RMB m
Turnover 14,302 13,958 EBIT
EBIT excl. impairment loss recognised
Profit attributable to shareholders (PAS)FY 2018 RMB m
+11% 31,867
-465% 1,465 **
-51% 2,766 **FY 2017 RMB m
change
15,774 +11%
1,851 ** -21%
2,590 ** +7%
-10720%
977 **
1,175 ** -17%
DPS (RMB)
0.14 -14%
- Final
0.07 -57%
EPS (RMB)
0.30 0.12 0.03 0.09
0.36 -17%
Dividend payout ratio (Total dividend/PAS)
40%
ROE *
5.2%
- Interim
Additions to non-current assets Net assets
Net cash/(gearing)
0.07 +29% 39% +1.0% point 6.5% -1.3% point
2,089
1,752 +19%
18,910
18,485 +2%
Notes: * ROE = PAS / Average of Equity attributable to shareholders of the Company
**Included the impact of the compensation and staff resettlement expenses related to production capacity optimization and organizational restructuring of RMB483m (FY17: RMB215m). FY18 figures also included an one-off annuity provision of itsstaff cost for 2017 with RMB117m.
Cash/(Gearing) ratio
1,230 6.5%
(1,030) +219% (5.6%) +12.1% point
Innovative Development, Transformation and Upgrade, Quality Growth
H2 2018 RMB mH2 2017 RMB m
change
FY 2018 RMB mFY 2017 RMB m
change
-8.0%
2,819
2,532
+11.3%
2,824
2,516 +12.2%
14,302
13,958
+2%
31,867
29,732 +7%Sales volume (million kl) ASP (in RMB/kl)
5.072
5.513
11.285
11.819 -4.5%
(599)
164
-465%
1,465
1,851 -21%
EBIT excl. impairment loss recognised
881
-51%
2,590 +7%
GP margin
34.0% +0.1% point
33.7% +1.4% point
Turnover Gross profit EBIT
4,875
4,747
+3%
EBIT margin (excl. impairment loss recognised)
6.3% -3.3% point
8.7%
-
11,198
10,029 +12%
EBIT margin
436 34.1% (4.2%) 3.0%
1.2% -5.4% point
2,766 35.1% 4.6% 8.7%
6.2% -1.6% point
2018
2017
one-offannuityprovisionofitsstaffcostfor2017.
*Relatedtoproductioncapacityoptimizationand organizationalrestructuring
OverallEasternCentralSouthern
201820172016 *Theabovefiguresalsoincludedtheimpactofthecompensationand staffresettlementexpensesrelatedtoproductioncapacityoptimization andorganizationalrestructuring.FY18figuresalsoincludedan
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China Resources Beer Holdings Co. Ltd. published this content on 20 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 March 2019 09:14:03 UTC