Back to all announcements

DJ China CDM Exchange Centre Ltd 3rd Quarter Results

 
TIDMCCEP 
 
CHINA CDM EXCHANGE CENTRE LIMITED 
 
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2014 
 
Statement of the Board 
 
China CDM Exchange Centre Limited ("the Company") presents its interim results 
for the six months ended 30 June 2014. 
 
Although the global carbon market has maintained its depressed state for the 
whole of 2013, there is now some governmental support from China in the CCER 
market in 2014. 
 
Based upon the industry pertinence, our board set about developing hydropower 
projects in the renewable energy field. We believe there will be some 
improvement to our financial position in the second half of 2014. 
 
........................... 
 
Chairman 
For and on behalf of the Board of 
China CDM Exchange Centre Limited 
 
Date: 26 September 2014 
 
Enquiries: 
 
China CDM Exchange Centre Limited             +86 010 
                                              87246056end_of_the_skype_highlighting 
Jeanne_zhang@aol.com 
 
ISDX Growth Market 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 
 
                         1/1/2014-6/30/2014            1/1/2013-12/31/2013 
 
                         RMB            GBP            RMB             GBP 
 
     Revenue        6,152,800.00     597,057.80    9,905,920.00    982,330.60 
 
  Cost of sales    (3,907,275.60)   (379,155.73)  (7,568,051.80)  (750,493.53) 
 
   Gross profit     2,245,524.40     217,902.07    2,337,868.20    231,837.07 
 
 Selling expense 
 
  Administration   (1,073,920.22)   (104,211.49)  (1,912,678.37)  (189,672.69) 
     expenses 
 
   Profit from      1,171,604.18     113,690.58     425,189.83      42,164.38 
    operations 
 
Foreign exchange      33,800.00       3,279.90     (206,853.13)    (20,512.80) 
gains 
 
Profit before       1,205,404.18     116,970.48     218,336.70      21,651.58 
income tax 
 
 
The accompanying notes form an integral part of these financial statements. 
 
Average exchange rate:(2014.1-6)RMB/GBP:10.3052; (2013)RMB/GBP:10.0841; 
 
CHINA CDM EXCHANGE CENTRE LIMITED 
 
                                BALANCE SHEETS 
 
                                     6/30/2014                    12/31/2013 
 
                                 RMB            GBP           RMB            GBP 
 
    Non-current assets 
 
    Property Plant and        76,840.52      7,319.68      78,015.74      7,758.44 
         Equipment 
 
   Long term investment     372,042,500.00 35,440,044.58 372,042,500.00 36,998,538.13 
 
     Intangible assets 
 
 Total non-current assets   372,119,340.52 35,447,364.26 372,120,515.74 37,006,296.57 
 
      Current Assets 
 
     Trade receivable       60,649,644.02  5,777,367.07  64,402,764.02  6,404,666.46 
 
     Other receivables 
 
 Cash and cash equivalents  16,259,187.97  1,548,818.61   6,319,467.97   628,452.60 
 
 Financial assets at fair 
  value through profit or 
           loss 
 
   Total current assets     76,908,831.99  7,326,185.68  70,722,231.99  7,033,119.06 
 
       Total assets         449,028,172.51 42,773,549.94 442,842,747.73 44,039,415.62 
 
    Current Liabilities 
 
      Other payables         4,980,020.60   474,387.07 
 
 Total current liabilities   4,980,020.60   474,387.07 
 
   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     171,648,449.18 15,733,554.48 170,443,045.00 15,530,053.71 
 
     Foreign currency                      8,051,443.35                 9,995,196.88 
  translation difference 
 
Total shareholder's equity  444,048,151.91 42,299,162.86 442,842,747.73 44,039,415.62 
 
   Total liabilities and    449,028,172.51 42,773,549.94 442,842,747.73 44,039,415.62 
   shareholder's equity 
 
The accompanying notes form an integral part of these financial statements. 
 
Exchange rate:(30 Jun., 2014)RMB/GBP:10.4978; (31 Dec., 2013) RMB/GBP: 10.0556 
 
                       CHINA CDM EXCHANGE CENTRE LIMITED 
 
                              CASHFLOW STATEMENTS 
 
                                1/1/2014-6/30/2014         1/1/2013-12/31/2013 
 
                                 RMB          GBP          RMB            GBP 
 
Cashflows from operating 
activities 
 
 Cashflows from operating   9,905,920.00   961,254.51  4,172,565.09   413,776.65 
        operations: 
 
  Net cash generated from 
   operating activities 
 
 Cashflows from investing 
        activities 
 
Cash payment for investment 
 
     Other investment 
 
Net cash used in investing                              (7,558.00)     (749.50) 
        activities 
 
 Cashflows from financing 
        activities 
 
 Proceeds from issuance of 
      ordinary shares 
 
Net cash used in financing 
        activities 
 
     Gains on foreign         33,800.00     3,279.90   (206,853.13)   (20,512.80) 
       transactions 
 
Net (decrease)/increase in  9,939,720.00   964,534.41  3,958,153.96   392,514.35 
   cash and bank balance 
 
 Cash and bank balance at   6,319,467.97   613,230.99  2,361,314.01   234,162.10 
   the beginning of year 
 
 Cash and bank balance at   16,259,187.97 1,577,765.40 6,319,467.97   626,676.45 
      the end of year 
 
The accompanying notes form an integral part of these financial statements. 
 
Average exchange rate:(2014.1-6)RMB/GBP:10.3052; (2013)RMB/GBP:10.0841; 
 
Details of the adjusted earnings per share are set out below: 
 
                                2014.1-6    2013        2012         2011 
 
Basic EPS (GBP)                 0.001       0.0002      -0.001       -0.009 
 
Earnings attributable to        116,970.48  21,651.58   (135,002.33) (1,044,997.50) 
ordinary shareholders (GBP) 
 
Weighted average number of      117,000,000 117,000,000 117,000,000  117,000,000 
shares 
 
 
 
END 
 

(END) Dow Jones Newswires

September 26, 2014 07:16 ET (11:16 GMT)