The board of directors (the "Board" or "Directors") of China Development Bank International Investment Limited (the "Company") announces the unaudited interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2017 (the "Period"). The interim results for the Period have been reviewed by the audit committee and PricewaterhouseCoopers, the auditor of the Company.
For the Period, the Group recorded a profit of approximately Hong Kong Dollars ("HK$") 146.68 million (six months ended 30 June 2016: approximately HK$6.38 million) which is primarily attributable to the change in fair value of financial assets at fair value through profit or loss of HK$152.66 million (six months ended 30 June 2016: HK$10.00 million) netted off by the general and administrative expenses of HK$5.75 million (six months ended 30 June 2016: HK$3.97 million) incurred during the Period.
The Group's non-current assets (other than financial instruments and property, plant and equipment) are located in the People's Republic of China (the "PRC"). For the Period, the interest income was HK$0.02 million (six months ended 30 June 2016: HK$0.14 million). The Group's gain in fair value of financial assets at fair value through profit or loss for the Period amounted to HK$152.66 million (six months ended 30 June 2016: HK$10.00 million) which were attributable to the Group's investments in Wacai, G7, Spruce, Best Logistics, PG Investment and Jinko Power. The general and administrative expenses of the Group for the Period were HK$5.75 million (six months ended 30 June 2016: HK$3.97 million), mainly resulted from the increase in legal and professional fees incurred during the Period. The Group's net asset value increased to HK$1,455.52 million as at 30 June 2017 (31 December 2016: HK$1,306.86 million), with earnings per share of HK5.05 cents (six months ended 30 June 2016: HK0.22 cents).
