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DJ China CDM Exchange Centre Ltd Half-year Report

 
TIDMCCEP 
 
CHINA CDM EXCHANGE CENTRE LIMITED 
INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2016 
 
Statement of the Board 
 
China CDM Exchange Centre Limited ("the Company") presents its interim results 
for the six months ended 30 June 2016. 
 
Since the end of 2015, the Clean Development Mechanism ("CDM") Market has 
started to achieve good momentum. In the first half of 2016, the trading volume 
maintained an upward trend and more activity from the USA in CDM market was a 
positive signal for the whole carbon market. Due to the strong support to the 
China Certified Emissions Reductions  Market, the Company achieved a stable 
income from the Carbon Market. As a result the Board of Directors remains 
optimistic of the Company's prospect and financial position for the whole of 
2016 
 
........................... 
 
Chairman 
For and on behalf of the Board of 
China CDM Exchange Centre Limited 
 
Date: 29 September 2016 
 
Enquiries: 
 
China CDM Exchange Centre Limited                +86 010 87246056 
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 
 
                           1/1/2016-6/30/2016               1/1/2015-12/31/2015 
 
                            RMB            GBP            RMB               GBP 
 
       Revenue         6,567,200.00    710,197.90     9,547,322.00      1,004,199.04 
 
    Cost of sales     (3,709,287.96)  (401,134.20)   (7,574,043.80)     (796,647.22) 
 
    Gross profit       2,857,912.04    309,063.70     1,973,278.20       207,551.82 
 
                             -              -              -                 - 
 
   Selling expense           -              -              -                 - 
 
   Administration     (1,191,408.74)  (128,842.73)   (1,880,418.69)     (197,784.75) 
      expenses 
 
                             -              -              -                 - 
 
     Profit from       1,666,503.30    180,220.97      92,859.51          9,767.07 
     operations 
 
                             -              -              -                 - 
 
Foreign exchange       (156,821.85)    (16,959.21)    (31,647.89)        (3,328.76) 
gains 
 
                             -              -              -                 - 
 
Profit before income   1,509,681.45    163,261.76      61,211.62          6,438.31 
tax 
 
 
The accompanying notes form an integral part of these financial statements. 
Average exchange rate:-2016.1-6-RMB/GBP-9.2470; -2015-RMB/GBP-9.5074; 
 
                                                                         CHINA 
CDM EXCHANGE CENTRE LIMITED 
 
                                BALANCE SHEETS 
 
                                                         6/30/2016                            12/31/2015 
 
                                                  RMB               GBP                RMB                 GBP 
 
            Non-current assets 
 
       Property Plant and Equipment            81,247.76          9,107.27          83,734.55           8,707.93 
 
           Long term investment              372,042,500.00    41,703,190.15      372,042,500.00      38,690,346.20 
 
             Intangible assets                     -                 -                  -                   - 
 
         Total non-current assets            372,123,747.76    41,712,297.42      372,126,234.55      38,699,054.13 
 
              Current Assets                       -                 -                  -                   - 
 
             Trade receivable                49,985,382.26      5,602,988.64      55,914,527.82       5,814,799.22 
 
             Other receivables                     -                 -                  -                   - 
 
         Cash and cash equivalents           22,584,164.31      2,531,516.42      15,142,850.51       1,574,772.04 
 
  Financial assets at fair value through           -                 -                  -                   - 
              profit or loss 
 
           Total current assets              72,569,546.57      8,134,505.06      71,057,378.33       7,389,571.26 
 
               Total assets                  444,693,294.33    49,846,802.49      443,183,612.88      46,088,625.39 
 
            Current Liabilities                    -                 -                  -                   - 
 
              Other payables                       -                 -                  -                   - 
 
         Total current liabilities                 -                 -                  -                   - 
 
           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              172,293,591.60    15,728,341.34      170,783,910.15      15,565,079.58 
 
  Foreign currency translation difference          -           15,604,296.12            -             12,009,380.78 
 
        Total shareholder's equity           444,693,294.33    49,846,802.49      443,183,612.88      46,088,625.39 
 
Total liabilities and shareholder's equity   444,693,294.33    49,846,802.49      443,183,612.88      46,088,625.39 
 
The accompanying notes form an integral part of these financial statements. 
 
Exchange rate:-30 Jun., 2016-RMB/GBP-8.9212 ; (31 Dec., 2015) RMB/GBP: 9.6159 
 
 
                       CHINA CDM EXCHANGE CENTRE LIMITED 
 
                              CASHFLOW STATEMENTS 
 
                                                    1/1/2016-6/30/2016                   1/1/2015-12/31/2015 
 
                                                   RMB               GBP               RMB                 GBP 
 
Cashflows from operating activities 
 
   Cashflows from operating operations:       7,598,135.65       821,686.56        5,495,916.49        578,067.24 
 
     Net cash generated from operating              -                 -                 -                   - 
                activities 
 
    Cashflows from investing activities             -                 -                 -                   - 
 
       Cash payment for investment                  -                 -                 -                   - 
 
             Other investment                       -                 -                 -                   - 
 
   Net cash used in investing activities            -                 -                 -                   - 
 
    Cashflows from financing activities             -                 -                 -                   - 
 
 Proceeds from issuance of ordinary shares          -                 -                 -                   - 
 
   Net cash used in financing activities            -                 -                 -                   - 
 
       Gains on foreign transactions          (156,821.85)       (16,959.21)       (31,647.89)         (3,328.76) 
 
 Net (decrease)/increase in cash and bank     7,441,313.80       804,727.35        5,464,268.60        574,738.48 
                  balance 
 
 Cash and bank balance at the beginning of    15,142,850.51     1,637,596.03       9,678,581.91       1,018,005.12 
                   year 
 
    Cash and bank balance at the end of       22,584,164.31     2,442,323.38      15,142,850.51       1,592,743.60 
                 year 
 
   The accompanying notes form an integral part of these financial statements. 
 
Average exchange rate: -2016.1-6-RMB/GBP-9.2470; -2015-RMB/GBP-9.5074; 
 
Details of the adjusted earnings per share are set out below: 
 
                                               2016.1-6        2015           2014           2013 
 
Basic EPS (GBP)                                0.0014          0.0001         0.0002         0.0002 
 
Earnings attributable to ordinary shareholders 163,261.76      6,438.31       28,587.56      21,651.58 
(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, 2016 02:00 ET (06:00 GMT)