PDF《SHENYANG》

1 August 2018) Ms. Qian Fang Fang AUTHORISED REPRESENTATIVES Mr. Zhang Jing Ming Mr. Wu Tai Cheung (resigned on

1 August 2018) Mr. Tung Sze Ho Dicky (appointed on

1 August 2018) AUDITOR Asian Alliance (HK) CPA Limited REGISTERED OFFICE No. 1C4, 20A, Central Street Shenyang Economic and Technological Development Zone People'

s Republic of China H SHARE REGISTRAR AND TRANSFER OFFICE Hong Kong Registrars Limited Rooms 1712C16, 17th Floor Hopewell Centre

183 Queen'

s Road East Wanchai Hong Kong PRINCIPAL BANKERS China Minsheng Bank CITIC Bank Industrial and Commercial Bank of China China Construction Bank STOCK CODE

747 WEBSITE www.747kingma.com 联席公司秘书 胡大祥先生 (於2018年8月1日辞任) 董思浩先生 (於2018年8月1日获委任) 钱芳芳女士 授权代表 张敬明先生 胡大祥先生 (於2018年8月1日辞任) 董思浩先生 (於2018年8月1日获委任) 核数师 华融 (香港) 会计师事务所有限公司 注册办事处 中华人民共和国 沈阳经济技术开发区 中央大街20甲1C4号 H股份过户登记处 香港证券登记有限公司 香港 湾仔 皇后大道东183号 合和中心 17楼1712C16室 主要往来银行 民生银行 中信银行 工商银行 建设银行 股份代号

747 网址 www.747kingma.com

4 FINANCIAL REVIEW During the Period, the revenue of the Group amounted to approximately RMB75,694,000 (2017 Corresponding Period: RMB10,779,000), representing a significant increase in revenue comparing with that of the six months ended

30 June 2017. The substantial increase in revenue is mainly due to the increase in revenue generated by the infrastructure construction business. Profit before tax of the Group for the Period amounted to RMB3,585,000 (2017 Corresponding Period: RMB13,605,000), a decrease of 73.66%. The substantial decrease was mainly attributable to, among other things, the combined effect of (i) the decrease in the income from credit business as compared with the

2017 Corresponding Period;

(ii) the increase in net exchange loss arising from the exchange variations of Renminbi against Hong Kong dollars for the Period in relation to the loan and interest receivable denominated in Hong Kong dollars;

and (iii) the goodwill impairment loss provided for credit business amounted to RMB1,320,000. Earnings per share was approximately RMB0.0003 (2017 Corresponding Period: RMB0.0061). BUSINESS REVIEW Infrastructure Construction Business As at the date of this report, Chaozhou Jinshan has completed the procedures for the acceptance of completion and transfer of 300-mu construction land (2017 Corresponding Period: nil) and accordingly recorded a revenue of RMB69,903,000 (2017 Corresponding Period: nil). Zhongfang Chaozhou has completed the procedures for the acceptance of completion and transfer of 4,000-mu construction land cumulatively. As at

29 June 2018, Zhongfang Chaozhou has received a total payment of RMB293,240,000 from Chaozhou Finance Bureau, paying on behalf of Chaozhou Jinshan, to settle the outstanding trade receivables of RMB128,701,000 and the total acceptance income of 300-mu of construction land and its related taxes of RMB72,000,000, the remaining amount of approximately RMB92,539,000 is deemed to be the advance payment for the construction cost of the project. The overall completion and acceptance procedures of phase I of Zhongfang Chaozhou Jing Nan Industrial Park Project is in progress, and is expected to be completed by the end of October 2018. The project settlement works are expected to commence in November

2018 and complete by the end of 2019. 财务回顾 於本期,本集团实现收益约为人民币75,694,000 元(