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DJ China CDM Exchange Centre Ltd Annual Financial Report

 
TIDMCCEP 
 
China CDM Exchange Centre Limited 
 
Final results for the year ended 31 December 2014 
 
Chairman's Statement 
 
The Company operates within the framework of the Clean Development Mechanism 
("CDM") of the Kyoto Protocol, established under the auspices of the United 
Nations Framework Convention on Climate Change. The Protocol commits countries 
to reducing their emissions of Green House Gasses ("GHGs") by pre-determined 
amounts or compensates for maintained or higher GHGs emissions via emissions 
trading. 
 
Based upon the on-going CDM contracts and the new attempt in the China 
Certified Emission Reduction ("CCER") Market in 2014, the Company gained the 
revenue of GBPGBP1,000,822.91 in 2014. 
 
There was a significant progress in the CCER Market in 2014. More and more 
companies with Carbon Emission Reduction obligations took part in this market 
and more and more professional institutions involve themselves into the CCER 
Market as the Brokers. There comes into a mature and well-regulated market in 
China for the Carbon Emission Reduction. In 2014, the Company dedicated itself 
to work at the relevant methodology and develop the new CCER projects. 
 
I would like to extend my sincere thanks to the management and staff of the 
Company for performing the tasks with zeal, vision and dedication and as well 
as to our partners for their effective and efficient cooperation. 
 
Outlook for 2015 
 
In 2015, the company will develop the business focusing on the following areas: 
 
 1. To maintain the current advantages in the global carbon market; 
 2. To extend the new business in the China Energy Markets; 
 3. To strengthen management regulation, improve company's management level and 
    enroll high-quality talents. 
 
................................. 
 
Mr. Kang Zheng 
 
Chairman 
 
Enquiries: 
 
China CDM Exchange Centre Limited                +86 010 
jeanne_zhang@aol.com                             87246056end_of_the_skype_highlighting 
 
ISDX 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       1/1/2014-12/31/2014                           1/1/2013-12/31/2013 
 
                                       RMB                     GBP                   RMB                GBP 
 
Revenue                    3           9,790,400.00            1,000,822.91          9,905,920.00       982,330.60 
 
Cost of sales                          (7,655,952.35)          (782,629.16)          (7,568,051.80)     (750,493.53) 
 
Gross profit                           2,134,447.65            218,193.75            2,337,868.20       231,837.07 
 
Selling expense 
 
Administration expenses                (1,951,048.33)          (199,445.77)          (1,912,678.37)     (189,672.69) 
 
Profit from operations     4           183,399.32              18,747.98             425,189.83         42,164.38 
 
Foreign exchange gains                 96,254.21               9,839.58              (206,853.13)       (20,512.80) 
 
Profit before income tax               279,653.53              28,587.56             218,336.70         21,651.58 
 
 
The accompanying notes form an integral part of these financial statements. 
 
Average exchange rate:?2014?RMB/GBP?9.7824; ?2013?RMB/GBP?10.0841; 
 
                                                                         CHINA 
CDM EXCHANGE CENTRE LIMITED 
 
                                BALANCE SHEETS 
 
                                            Note   12/31/2014                          12/31/2013 
 
                                                   RMB              GBP                RMB                GBP 
 
Non-current assets 
 
Property Plant and Equipment                5      88,708.13        9,294.94           78,015.74          7,758.44 
 
Long term investment                        6      372,042,500.00   38,983,046.41      372,042,500.00     36,998,538.13 
 
Intangible assets                           7 
 
Total non-current assets                           372,131,208.13   38,992,341.35      372,120,515.74     37,006,296.57 
 
Current Assets 
 
Trade receivable                            8      61,312,611.22    6,424,406.81       64,402,764.02      6,404,666.46 
 
Other receivables 
 
Cash and cash equivalents                   9      9,678,581.91     1,014,133.08       6,319,467.97       628,452.60 
 
Financial assets at fair value through 
profit or loss 
 
Total current assets                               70,991,193.13    7,438,539.89       70,722,231.99      7,033,119.06 
 
Total assets                                       443,122,401.26   46,430,881.24      442,842,747.73     44,039,415.62 
 
Current Liabilities 
 
Other payables 
 
Total current 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                                    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                               170,722,698.53   15,558,641.27      170,443,045.00     15,530,053.71 
 
Foreign currency translation difference                             12,358,074.94                         9,995,196.88 
 
Total shareholder's equity                         443,122,401.26   46,430,881.24      442,842,747.73     44,039,415.62 
 
Total liabilities and shareholder's                443,122,401.26   46,430,881.24      442,842,747.73     44,039,415.62 
equity 
 
The accompanying notes form an integral part of these financial 
statements. 
 
Exchange rate:?31 Dec., 2014?RMB/GBP?9.5437; ?31 Dec., 2013?RMB/GBP? 
10.0556 
 
                       CHINA CDM EXCHANGE CENTRE LIMITED 
 
                              CASHFLOW STATEMENTS 
 
                                            Note   1/1/2014-12/31/2014                   1/1/2013-12/31/2013 
 
                                                   RMB                GBP                RMB                GBP 
 
Cashflows from operating activities 
 
Cashflows from operating operations:        11     3,277,432.73       335,033.61         4,172,565.09       413,776.65 
 
Net cash generated from operating 
activities 
 
Cashflows from investing activities 
 
Cash payment for investment 
 
Other investment 
 
Net cash used in investing activities       12     (14,573.00)        (1,489.72)         (7,558.00)         (749.50) 
 
Cashflows from financing activities 
 
Proceeds from issuance of ordinary shares 
 
Net cash used in financing activities 
 
Gains on foreign transactions                      96,254.21          9,839.53           (206,853.13)       (20,512.80) 
 
Net (decrease)/increase in cash and bank           3,359,113.94       343,383.42         3,958,153.96       392,514.35 
balance 
 
 
Cash and bank balance at the beginning of          6,319,467.97       646,003.84         2,361,314.01       234,162.10 
year 
 
Cash and bank balance at the end of                9,678,581.91       989,387.26         6,319,467.97       626,676.45 
year 
 
   The accompanying notes form an integral part of these financial 
statements. 
 
Average exchange rate:(2014)RMB/GBP:9.7824; (2013)RMB/GBP:10.0841; 
 
Details of the adjusted earnings per share are set out below: 
 
                                               2014            2013           2012 
 
Basic EPS (GBP)                                0.0002          0.0002         -0.001 
 
Earnings attributable to ordinary shareholders 28,587.56       21,651.58      (135,002.33) 
(GBP) 
 
Weighted average number of shares              117,000,000     117,000,000    117,000,000 
 
 
 
END 
 

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June 01, 2015 02:00 ET (06:00 GMT)