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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 2015 
 
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 2015, the Company gained the 
revenue of GBP ?1,004,199.04 in 2015. 
 
There was a significant progress in the Europe CER Market in 2015 and the CER 
Price has an increase comparing with that in 2014. At the same time, to go with 
the strategy in CCER Market, the Company still 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 2016 
 
In 2016, 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                 1/1/2015-12/31/2015                         1/1/2014-12/31/2014 
 
                                                 RMB                    GBP                 RMB                  GBP 
 
         Revenue                3           9,547,322.00           1,004,199.04         9,790,400.00         1,000,822.91 
 
      Cost of sales                        (7,574,043.80)          (796,647.22)        (7,655,952.35)        (782,629.16) 
 
       Gross profit                         1,973,278.20            207,551.82          2,134,447.65          218,193.75 
 
                                                  ?                      ? 
 
     Selling expense                              ?                      ? 
 
 Administration expenses                   (1,880,418.69)          (197,784.75)        (1,951,048.33)        (199,445.77) 
 
                                                  ?                      ? 
 
  Profit from operations        4             92,859.51              9,767.07            183,399.32           18,747.98 
 
                                                  ?                      ? 
 
Foreign exchange gains                       (31,647.89)            (3,328.76)           96,254.21             9,839.58 
 
                                                  ?                      ? 
 
Profit before income tax                      61,211.62              6,438.31            279,653.53           28,587.56 
 
 
The accompanying notes form an integral part of these financial statements. 
 
Average exchange rate:?2015?RMB/GBP?9.5074; ?2014?RMB/GBP?9.7824; 
 
                                                                         CHINA 
CDM EXCHANGE CENTRE LIMITED 
 
                                BALANCE SHEETS 
 
                                             Note              12/31/2015                            12/31/2014 
 
                                                         RMB               GBP                RMB                 GBP 
 
            Non-current assets 
 
       Property Plant and Equipment           5       83,734.55          8,707.93          88,708.13           9,294.94 
 
           Long term investment               6     372,042,500.00    38,690,346.20      372,042,500.00      38,983,046.41 
 
             Intangible assets                7           ?                 ? 
 
         Total non-current assets                   372,126,234.55    38,699,054.13      372,131,208.13      38,992,341.35 
 
              Current Assets                              ?                 ? 
 
             Trade receivable                 8     55,914,527.82      5,814,799.22      61,312,611.22       6,424,406.81 
 
             Other receivables                            ?                 ? 
 
         Cash and cash equivalents            9     15,142,850.51      1,574,772.04       9,678,581.91       1,014,133.08 
 
  Financial assets at fair value through                  ?                 ? 
              profit or loss 
 
           Total current assets                     71,057,378.33      7,389,571.26      70,991,193.13       7,438,539.89 
 
               Total assets                         443,183,612.88    46,088,625.39      443,122,401.26      46,430,881.24 
 
            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                     170,783,910.15    15,565,079.58      170,722,698.53      15,558,641.27 
 
  Foreign currency translation difference                 ?           12,009,380.78                          12,358,074.94 
 
        Total shareholder's equity                  443,183,612.88    46,088,625.39      443,122,401.26      46,430,881.24 
 
Total liabilities and shareholder's equity          443,183,612.88    46,088,625.39      443,122,401.26      46,430,881.24 
 
The accompanying notes form an integral part of these financial 
statements. 
 
Exchange rate:?31 Dec., 2015?RMB/GBP?9.6159; ?31 Dec., 2014?RMB/GBP?9.5437; 
 
 
                       CHINA CDM EXCHANGE CENTRE LIMITED 
 
                              CASHFLOW STATEMENTS 
 
                                             Note           1/1/2015-12/31/2015                   1/1/2014-12/31/2014 
 
                                                          RMB                GBP                RMB                GBP 
 
Cashflows from operating activities 
 
   Cashflows from operating operations:       11      5,495,916.49        578,067.24        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      12           ?                  ?             (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                  (31,647.89)         (3,328.76)         96,254.21           9,839.53 
 
 Net (decrease)/increase in cash and bank             5,464,268.60        574,738.48        3,359,113.94        343,383.42 
                  balance 
 
 Cash and bank balance at the beginning of            9,678,581.91       1,018,005.12       6,319,467.97        646,003.84 
                   year 
 
    Cash and bank balance at the end of              15,142,850.51       1,592,743.60       9,678,581.91        989,387.26 
                 year 
 
   The accompanying notes form an integral part of these financial 
statements. 
 
Average exchange rate: ?2015?RMB/GBP?9.5074; ?2014?RMB/GBP?9.7824; 
 
Details of the adjusted earnings per share are set out below: 
 
                                               2015            2014           2013 
 
Basic EPS (GBP)                                0.0001          0.0002         0.0002 
 
Earnings attributable to ordinary shareholders 6,438.31        28,587.56      21,651.58 
(GBP) 
 
Weighted average number of shares              117,000,000     117,000,000    117,000,000 
 
 
 
END 
 

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June 01, 2016 02:00 ET (06:00 GMT)