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DJ China CDM Exchange Centre Ltd Half-yearly Report

 
TIDMCCEP 
 
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                +86 010 
Jeanne_zhang@aol.com                             87246056end_of_the_skype_highlighting 
 
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 
 
                                        1/1/2015-6/30/2015                          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                    9,697,940.58    1,031,783.62     9,678,581.91          989,387.26 
year 
 
   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 119,882.31      28,587.56      21,651.58      (135,002.33) 
(GBP) 
 
Weighted average number of shares              117,000,000     117,000,000    117,000,000    117,000,000 
 
 
 
END 
 

(END) Dow Jones Newswires

September 30, 2015 03:29 ET (07:29 GMT)