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.
廈 門 國 際 港 務 股 份 有 限 公 司
XIAMEN INTERNATIONAL PORT CO., LTD*
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 3378)
ISSUE OF MEDIUM-TERM NOTES AND
SUPER SHORT-TERM NOTES IN THE PRC BY
XIAMEN INTERNATIONAL PORT CO., LTD
- UNAUDITED FIRST QUARTERLY FINANCIAL INFORMATION OF 2021
This announcement is made by Xiamen International Port Co., Ltd (the "Company") pursuant to Rules 13.09(2)(a) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the Company's announcements dated 27 March 2020, 5 August 2020, 12 March 2021, 24 March 2021, 6 April 2021 and 19 April 2021(the "Announcements") as well as the Company's circulars dated 24 April 2020 and 31 August 2020, in relation to the issue of the Medium-term Notes and the Super Short-term Notes in the PRC. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcements.
On 12 March 2021, 24 March 2021, 6 April 2021 and 19 April 2021, the Company has completed the issue of the First Tranche Super Short-term Notes, the Second Tranche Super Short-term Notes, the Third Tranche Super Short-term Notes and the First Tranche Medium-term Notes in 2021 respectively in succession. In accordance with the relevant PRC laws and regulations, relevant information in relation to the Group and the above-mentionedMedium-term Notes and Super Short- term Notes has been published on the websites of Shanghai Clearing House (www.shclearing.com) and China Money (www.chinamoney.com.cn).
In this regard, pursuant to the relevant PRC laws and regulations, the Group's unaudited first quarterly financial information of 2021 for the three months ended 31 March 2021 has been published on the websites of Shanghai Clearing House (www.shclearing.com) and China Money (www.chinamoney.com.cn), which contains certain financial information of the Group which was not previously disclosed as summarised below:
1
CONSOLIDATED BALANCE SHEET
Xiamen International Port Co., Ltd* (Consolidated)
Unit: RMB Yuan | ||||||
ASSETS | 31-Dec 2020 | 31-Mar 2021 | ||||
CURRENT ASSETS: | ||||||
Cash and cash equivalents | 1,005,155,088 | 1,821,164,758 | ||||
Notes receivable | 91,677,026 | 100,433,885 | ||||
Accounts receivable | 1,291,798,828 | 1,536,009,183 | ||||
Prepayments | 657,503,511 | 515,879,250 | ||||
Other receivables | 423,809,660 | 234,616,505 | ||||
Inventories | 1,529,640,829 | 1,991,742,310 | ||||
Financial assets held for trading | 1,993,941,093 | 847,004,938 | ||||
Derivative financial assets | 540,270 | 0 | ||||
Other current assets | 249,330,881 | 228,237,865 | ||||
Total current assets | 7,243,397,186 | 7,275,088,694 | ||||
NON-CURRENT ASSETS: | ||||||
Other investments in equity instruments | 61,705,211 | 63,969,978 | ||||
Right-of-use assets | 290,260,546 | 292,264,955 | ||||
Long-term equity investments | 290,935,419 | 303,100,039 | ||||
Investment properties | 226,053,804 | 238,701,960 | ||||
Fixed assets | 10,733,077,298 | 10,677,900,639 | ||||
Construction in progress | 963,224,562 | 958,034,389 | ||||
Intangible assets | 3,722,983,781 | 3,707,070,761 | ||||
Goodwill | 150,127,750 | 150,127,750 | ||||
Long-term prepaid expenses | 51,769,085 | 53,884,696 | ||||
Deferred tax assets | 257,861,727 | 258,962,599 | ||||
Other non-currents assets | 1,570,758 | 196,737 | ||||
Total non-current assets | 16,749,569,941 | 16,704,214,503 | ||||
Total assets | 23,979,303,197 | |||||
23,992,967,127 | ||||||
2
Unit: RMB Yuan | |||||
LIABILITIES AND OWNER'S EQUITY | 31-Dec 2020 | 31-Mar 2021 | |||
CURRENT LIABILITIES: | |||||
Short-term borrowings | 1,926,056,415 | 2,034,960,600 | |||
Notes payable | 601,010,625 | 643,481,097 | |||
Accounts payable | 1,331,085,866 | 1,433,877,064 | |||
Contract liabilities | 589,094,713 | 482,968,866 | |||
Employee benefits payable | 282,149,410 | 164,623,493 | |||
Taxes payable | 106,565,849 | 21,316,775 | |||
Other payables | 381,980,243 | 364,310,658 | |||
Non-current liabilities due within one year | 2,465,599,442 | 2,486,493,964 | |||
Derivative financial liabilities | 0 | 270,160 | |||
Other current liabilities | 2,259,021,472 | 2,106,043,952 | |||
Total current liabilities | 9,942,564,035 | 9,738,346,629 | |||
NON-CURRENT LIABILITIES: | |||||
Long-term borrowings | 878,528,861 | 903,547,860 | |||
Lease liabilities | 51,115,886 | 53,763,367 | |||
Debentures payable | 0 | 0 | |||
Long-term payable | 2,071,947 | 1,729,741 | |||
Deferred income | 61,529,065 | 61,526,732 | |||
Deferred tax liabilities | 398,698,118 | 397,511,046 | |||
Total non-current liabilities | 1,391,943,877 | 1,418,078,746 | |||
Total liabilities | 11,156,425,375 | ||||
11,334,507,912 | |||||
OWNERS' EQUITY: | |||||
Paid-in capital | 2,726,200,000 | 2,726,200,000 | |||
Capital reserve | 132,000,239 | 132,000,239 | |||
Other comprehensive income | 19,050,250 | 20,627,662 | |||
Surplus reserve | 391,200,651 | 391,200,651 | |||
Special reserves | 10,596,343 | 11,676,197 | |||
Undistributed profits | 2,640,899,125 | 2,719,101,776 | |||
Total equity attributable to owners of the Company | 6,000,806,525 | ||||
5,919,946,608 | |||||
Minority interest | 6,822,071,297 | ||||
6,738,512,607 | |||||
Total owners' equity | 12,822,877,822 | ||||
12,658,459,215 | |||||
Total liabilities and owner's equity | 23,979,303,197 | ||||
23,992,967,127 | |||||
3
BALANCE SHEET
Xiamen International Port Co., Ltd*
Unit: RMB Yuan | ||||||
ASSETS | 31-Dec 2020 | 31-Mar 2021 | ||||
CURRENT ASSETS: | ||||||
Cash and cash equivalents | 468,574,729 | 949,321,497 | ||||
Accounts receivable | 0 | 0 | ||||
Prepayments | 36,316,534 | 36,316,534 | ||||
Other receivables | 2,146,390,663 | 2,864,082,231 | ||||
Financial assets held for trading | 1,993,941,093 | 847,004,938 | ||||
Other current assets | 173,919 | 251,114 | ||||
Total current assets | 4,645,396,938 | 4,696,976,314 | ||||
NON-CURRENT ASSETS: | ||||||
Other investments in equity instruments | 56,034,305 | 58,212,153 | ||||
Right-of-use assets | 276,276 | 253,253 | ||||
Long-term receivables | 447,000,000 | 447,000,000 | ||||
Long-term equity investments | 5,482,899,509 | 5,482,966,715 | ||||
Investment properties | 68,379,473 | 67,799,580 | ||||
Fixed assets | 69,073,126 | 68,023,922 | ||||
Construction in progress | 9,475,543 | 9,785,716 | ||||
Intangible assets | 1,115,284 | 1,023,917 | ||||
Long-term prepaid expenses | 1,211,593 | 1,120,724 | ||||
Deferred tax assets | 625,000 | 625,000 | ||||
Other non-currents assets | 55,731,370 | 55,731,370 | ||||
Total non-current assets | 6,191,821,479 | 6,192,542,350 | ||||
Total assets | 10,889,518,664 | |||||
10,837,218,417 | ||||||
4
Unit: RMB Yuan | |||||
LIABILITIES AND OWNER'S EQUITY | 31-Dec 2020 | 31-Mar 2021 | |||
CURRENT LIABILITIES: | |||||
Short-term borrowings | 750,000,000 | 850,000,000 | |||
Accounts payable | 1,528,000 | 2,824,000 | |||
Employee benefits payable | 9,945,024 | 7,031,969 | |||
Taxes payable | 112,838 | 49,275 | |||
Other payables | 708,220,204 | 859,970,406 | |||
Non-current liabilities due within one year | 2,153,893,275 | 2,177,365,080 | |||
Other current liabilities | 2,250,000,000 | 2,050,000,000 | |||
Total current liabilities | 5,947,240,730 | ||||
5,873,699,341 | |||||
NON-CURRENT LIABILITIES: | |||||
Long-term borrowings | 0 | 0 | |||
Lease liabilities | 69,233 | 69,233 | |||
Debentures payable | 0 | 0 | |||
Deferred tax liabilities | 99,945 | 625,749 | |||
Other non-current liabilities | 394,865 | 393,865 | |||
Total non-current liabilities | 564,043 | 1,088,847 | |||
Total liabilities | 5,874,263,384 | 5,948,329,577 | |||
OWNERS' EQUITY: | |||||
Paid-in capital | 2,726,200,000 | 2,726,200,000 | |||
Capital reserve | 211,017,655 | 211,017,655 | |||
Other comprehensive income | 19,050,250 | 20,627,662 | |||
Surplus reserve | 391,200,651 | 391,200,651 | |||
Undistributed profits | 1,615,486,477 | 1,592,143,119 | |||
Total owners' equity | 4,941,189,087 | ||||
4,962,955,033 | |||||
Total liabilities and owners' equity | 10,889,518,664 | ||||
10,837,218,417 | |||||
5
CONSOLIDATED INCOME STATEMENT
Xiamen International Port Co., Ltd* (Consolidated)
Unit: RMB Yuan | |||
Jan-Mar | Jan-Mar | ||
2020 | 2021 | ||
Items | Amount | Amount | |
1) | REVENUE | 3,393,348,361 | 5,808,371,663 |
Less: Cost of sales | (3,150,112,479) | (5,431,165,961) | |
Taxes and surcharges | (9,466,698) | (9,305,471) | |
Selling and distribution expenses | (6,070,014) | (8,527,623) | |
General and administrative expenses | (95,760,365) | (115,639,831) | |
Financial expenses - net | (53,635,497) | (60,488,984) | |
Provision of asset impairment losses | (11,696,343) | (15,775,800) | |
Credit impairment loss | (6,235,217) | (1,132,447) | |
Add: Investment income/(loss) | 3,287,459 | 5,988,069 | |
Including: share of profit of associates and | |||
joint ventures | 2,415,916 | 8,674,302 | |
Gains arising from changes in fair value | 670,725 | 1,219,691 | |
Gains/(losses) on disposal of assets | 204,605 | (60,946) | |
Other incomes | 60,697,047 | 38,235,880 | |
2) | OPERATING PROFIT | 125,231,584 | 211,718,240 |
Non-operating income | 1,856,593 | 4,228,560 | |
Non-operating expenses | (1,510,890) | (1,145,083) | |
3) | TOTAL PROFIT | 125,577,287 | 214,801,717 |
Less: Income tax expenses | (38,460,171) | (53,388,205) | |
4) | NET PROFIT | 87,117,116 | 161,413,512 |
Net profit attributable to owners of the Company | 34,624,082 | 78,202,652 | |
Minority interest | 52,493,034 | 83,210,860 |
6
INCOME STATEMENT
Xiamen International Port Co., Ltd*
Unit: RMB Yuan | |||
Jan-Mar | Jan-Mar | ||
2020 | 2021 | ||
Items | Amount | Amount | |
1) | REVENUE | 2,180,327 | 0 |
Less: Cost of sales | (579,893) | (579,893) | |
Taxes and surcharges | (579,323) | (552,587) | |
General and administrative expenses | (8,792,444) | (11,382,986) | |
Financial expenses - net | (21,137,413) | (38,259,884) | |
Provision of asset impairment losses | 0 | 0 | |
Add: Investment income/(loss) | 10,495,884 | 27,212,158 | |
Including: share of profit of associates and | |||
joint ventures | 120,574 | 67,206 | |
Gains/(losses) arising from changes in fair value | 0 | 0 | |
Gains/(losses) on disposal of assets | 0 | 0 | |
Other incomes | 0 | 0 | |
2) | OPERATING PROFIT | (18,412,862) | (23,563,192) |
Non-operating income | 58,667 | 19,835 | |
Non-operating expenses | 0 | 0 | |
3) | TOTAL PROFIT | (18,354,195) | (23,543,357) |
Less: Income tax expenses | 0 | 0 | |
4) | NET PROFIT | (18,354,195) | (23,543,357) |
Net loss attributable to owners of the Company | (18,354,195) | (23,543,357) | |
Minority interest | 0 | 0 |
7
CONSOLIDATED STATEMENT OF CASH FLOWS
Xiamen International Port Co., Ltd* (Consolidated)
Unit: RMB Yuan | ||
Jan-Mar | Jan-Mar | |
2020 | 2021 | |
Items | Amount | Amount |
- Cash flows from operating activities Cash received from sales of goods or
rendering of services | 3,965,124,514 | 6,336,999,829 | |
Cash received from tax refunds | 0 | 0 | |
Cash received relating to other operating activities | 99,731,535 | 160,331,335 | |
Sub-total of cash inflows | 4,064,856,049 | 6,497,331,164 | |
Cash paid for goods and services | (3,534,538,306) | (5,855,273,268) | |
Cash paid to and on behalf of employees | (393,027,765) | (438,780,323) | |
Payments of taxes and surcharges | (87,297,502) | (82,119,745) | |
Cash paid relating to other operating activities | (120,642,864) | (91,401,482) | |
Sub-total of cash outflows | (4,135,506,437) | (6,467,574,818) | |
Net cash flows from operating activities | (70,650,388) | 29,756,346 | |
2) Cash flows from investing activities | |||
Cash received from disposal of investments | 499,516 | 689,765 | |
Cash received from disposal financial assets at fair value | |||
through profit or loss | 192,194,298 | 1,147,136,155 | |
Net cash received from disposal of fixed assets, | |||
intangible assets and other long-term assets | 61,610 | 219,671 | |
Cash received relating to other investing activities | 14,764,563 | 0 | |
Sub-total of cash inflows | 207,519,987 | 1,148,045,591 | |
Cash paid to acquire fixed assets, intangible assets and | |||
other long-term assets | (115,134,419) | (126,414,559) | |
Net increase in restricted cash and term deposits with | |||
initial term over three months | 0 | (244,404,162) | |
Cash paid for investments | 0 | (3,060,000) | |
Cash paid relating to other investing activities | 0 | 0 | |
Sub-total of cash outflows | (115,134,419) | (373,878,721) | |
Net cash flows from investing activities | 92,385,568 | 774,166,870 | |
3) Cash flows from financing activities | |||
Cash received from capital contributions | 39,450,000 | 0 | |
Cash received from borrowings | 1,796,615,125 | 2,298,854,498 | |
Sub-total of cash inflows | 1,836,065,125 | 2,298,854,498 | |
Cash repayments of borrowings | (2,047,156,619) | (2,423,066,655) | |
Repayments of lease liabilities | (16,570,777) | (42,239,832) | |
Cash payments for interest expenses and distribution | |||
of dividends or profits | (48,748,869) | (61,718,243) | |
Cash paid relating to other financing activities | (1,616,492) | (1,615,491) | |
Subtotal of cash outflows | (2,114,092,757) | (2,528,640,221) | |
Net cash flows from financing activities | (278,027,632) | (229,785,723) | |
4) Effect of foreign exchange rate changes on cash | (505,007) | (2,533,010) | |
5) Net (decrease)/increase in cash and cash equivalents | (256,797,459) | 571,604,483 |
8
STATEMENT OF CASH FLOWS
Xiamen International Port Co., Ltd*
Unit: RMB Yuan | ||
Jan-Mar | Jan-Mar | |
2020 | 2021 | |
Items | Amount | Amount |
- Cash flows from operating activities Cash received from sales of goods or
rendering of services | 230,505 | 0 | |
Cash received relating to other operating activities | 358,667 | 4,710,049 | |
Sub-total of cash inflows | 589,172 | 4,710,049 | |
Cash paid for goods and services | (1,077,851) | (1,247,427) | |
Cash paid to and on behalf of employees | (6,510,458) | (8,627,689) | |
Payments of taxes and surcharges | (94,693) | (693,345) | |
Cash paid relating to other operating activities | (2,641,305) | (1,615,002) | |
Sub-total of cash outflows | (10,324,307) | (12,183,463) | |
Net cash flows from operating activities | (9,735,135) | (7,473,414) | |
2) Cash flows from investing activities | |||
Cash received from disposal of investments | 169,355 | 29,950 | |
Repayment of loans from related parties | 100,000,000 | 256,274,438 | |
Cash received from disposal financial assets at fair value | |||
through profit or loss | 192,194,298 | 1,147,136,155 | |
Cash received relating to other investing activities | 14,764,563 | 9,163,436 | |
Sub-total of cash inflows | 307,128,216 | 1,412,603,979 | |
Cash paid to acquire fixed assets, intangible assets and | |||
other long-term assets | (283,490) | (586,449) | |
Net increase in restricted cash and term deposits with | |||
initial term over three months | 0 | (150,000,000) | |
Loans to related parties | (645,000,000) | (975,000,000) | |
Sub-total of cash outflows | (645,283,490) | (1,125,586,449) | |
Net cash flows from investing activities | (338,155,274) | 287,017,530 | |
3) Cash flows from financing activities | |||
Cash received from borrowings | 1,450,000,000 | 1,900,000,000 | |
Cash received from borrowings with related parties | 71,905,381 | 162,379,331 | |
Sub-total of cash inflows | 1,521,905,381 | 2,062,379,331 | |
Cash repayments of borrowings | (900,000,000) | (2,000,000,000) | |
Cash payments for interest expenses and distribution | |||
of dividends or profits | (8,102,003) | (11,174,772) | |
Sub-total of cash outflows | (908,102,003) | (2,011,174,772) | |
Net cash flows from financing activities | 613,803,378 | 51,204,559 | |
4) Effect of foreign exchange rate changes on cash | 0 | 0 | |
5) Net increase in cash and cash equivalents | 265,912,969 | 330,748,675 |
9
Shareholders and potential investors are reminded that the above financial information is prepared in accordance with the generally accepted accounting principles of the PRC, of which, the financial information of the Group and the Company for the three months ended 31 March 2021 has not been reviewed or audited by the Company's independent auditors and may require adjustment during the course of auditing. Accordingly, differences may arise between such financial information of the Group and the Company for the three months ended 31 March 2021 and the data disclosed in audited reports due to review and auditing adjustment. Shareholders and potential investors should exercise caution when dealing in the shares of the Company.
By order of the Board
Xiamen International Port Co., Ltd
Cai Changzhen
Company Secretary
Xiamen, PRC, 23 April 2021
As at the date of this announcement, the executive directors of the Company are Mr. Cai Liqun, Mr. Chen Zhaohui, Mr. Lin Fuguang and Mr. Chen Zhen; the non-executive directors of the Company are Mr. Chen Zhiping, Mr. Fu Chengjing, Mr. Huang Zirong and Ms. Bai Xueqing; and the independent non-executive directors of the Company are Mr. Liu Feng, Mr. Lin Pengjiu, Mr. Jin Tao and Mr. Ji Wenyuan.
* For identification purpose only
10
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Xiamen International Port Co. Ltd. published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2021 10:25:05 UTC.