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HK Bourse: Announcement From Xingye Copper International Group Ltd. -3-

28 Aug 2017 2:14 am
 
 
 
      reportable segments. No operating segments have been aggregated to form the following reportable 
      segments. 
 
      Copper products      -     this segment carries on the business of manufacturing and selling high 
                                 precision copper plates and strips products, providing processing services 
                                 of copper plates and strips products and trading of raw materials. 
 
      Online games         -     this segment carries on the business of developing, publishing and 
                                 operating online games and providing technical support services. 
 
      (i)   Segment results 
 
            For the purposes of assessing segment performance and allocating resources between segments, 
            the Group's senior executive management monitors the results attributable to each reportable 
            segment on the following basis: 
 
            Revenue and expenses are allocated to the reportable segments with reference to sales 
            generated by those segments and the expenses incurred by those segments or which otherwise 
            arise from the depreciation or amortisation of assets attributable to those segments. The 
            measure used for reporting segment profit is profit before taxation. In addition to receiving 
            segment information concerning profit before taxation, management is provided with segment 
            information concerning revenue, interest income and expenses related to cash balances and 
            borrowings managed directly by segments, depreciation and amortisation and impairment 
            losses. Change in fair value of contingent consideration payables is not included in the measure 
            of the segments' profit that is used by the senior executive management for assessment of 
            segment performance. 
 
            Information regarding the Group's reportable segments as provided to the Group's most senior 
            executive management for the purposes of resource allocation and assessment of segment 
            performance for the six months ended 30 June 2017 and 2016 is set out below. 
 
 
 
 
                                                -7- 
                                                Copper products          Online games                 Total 
       Six months ended 30 June                   2017                    2017                    2017 
                                                              2016                    2016                     2016 
                                              RMB'000                 RMB'000                 RMB'000 
                                                          RMB'000                 RMB'000                   RMB'000 
                                            (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) 
 
       Revenue from external customers        1,987,884                      13,856                  2,001,740 
                                                           1,492,812                         -                      1,492,812 
       Inter-segment revenue                        265                           -                        265 
                                                                   -                         -                              - 
                                                                        13 
 
 
 
 
       Reportable segment revenue             1,988,149                      13,856                  2,002,005 
                                                           1,492,812                         -                      1,492,812 
 
 
       Reportable segment profit (profit 
         before taxation)                       76,024                        4,413                    80,437 
                                                             69,000                          -                        69,000 
 
 
                                                   334                          26                        360 
       Interest income from bank deposits                     1,457                          -                         1,457 
 
                                                (18,702)                          -                    (18,702) 
       Net interest expense                                  (15,975)                        -                        (15,975) 
 
                                                (44,515)                     (1,765)                   (46,280) 
       Depreciation and amortisation                         (33,353)                        -                        (33,353) 
 
                                                      -                           -                          - 
 
       Impairment of plant and machinery                     (15,116)                        -                        (15,116) 
 
 
(ii)   Reconciliations of reportable segment revenue, profit before taxation 
 
                                                                                         Six months ended 30 June 
                                                                                             2017            2016 
                                                                                         RMB'000         RMB'000 
                                                                                       (unaudited)     (unaudited) 
 
       Revenue 
                                                                                         2,002,005 
       Reportable segment revenues                                                                                1,492,812 
                                                                                              (265) 
       Elimination of inter-segment revenue                                                                               - 
 
                                                                                         2,001,740 
       Consolidated revenue                                                                                       1,492,812 
 
 
       Profit before taxation 
                                                                                           80,437 
       Reportable segment profit                                                                                    69,000 
       Other gains or losses: 
         - Change in fair value of contingent consideration 
                                                                                           15,457 
           payables                                                                                                        - 
 
                                                                                           95,894 
       Consolidated profit before taxation                                                                          69,000 
 
 
 
 
                                                    -8- 
(iii)   Geographic information 
 
        The following table sets out information about the geographical location of the Group's revenue 
        from external customers. The geographical location of customers is based on the location at 
        which the services were provided or the goods were delivered. 
 
                                                                           Six months ended 30 June 
                                                                               2017            2016 
                                                                          RMB'000          RMB'000 
                                                                        (unaudited)      (unaudited) 
 
        Revenue 
                                                                           1,672,124 
        People's Republic of China (the "PRC")                                                1,323,670 
                                                                             329,616 
        Others                                                                                  169,142 
 
                                                                           2,001,740          1,492,812 
 
 
        The Group's non-current assets (excluding deferred tax assets) are all located in PRC. The 
        geographical location of the Group's non-current assets (excluding deferred tax assets) is based 
        on the physical location of the asset, in the case of property, plant and equipment, the location 
        of the operation to which they are allocated, in the case of intangible assets and goodwill. 
 
 
 
 
                                            -9- 
5.   PROFIT BEFORE TAXATION 
 
     Profits before taxation is arrived after charging/(crediting): 
 
     (a)   Net finance costs 
 
                                                                           Six months ended 30 June 
                                                                               2017            2016 
                                                                           RMB'000         RMB'000 
                                                                         (unaudited)     (unaudited) 
 
                                                                                 360 
           Interest income on bank deposits                                                     1,457 
                                                                              15,457 
           Change in fair value of contingent consideration payables                                - 
 
 
 
 

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