Beijing Enterprises : Yanjing Brewery Co., Ltd. – First Quarterly Results…

04/25/2014 | 06:03am US/Eastern


Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in Hong Kong with limited liability)
(website: (Stock Code: 392)
Overseas Regulatory Announcement
Results of a Subsidiary
This announcement is made pursuant to Rule 13.10B of the Rules Governing the Listing ofSecurities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).Beijing Yanjing Brewery Co., Ltd. (“Yanjing Beer”), a subsidiary of Beijing Enterprises Holdings Limited (the “Company”), has announced its unaudited financial results for the three months ended 31 March 2014 on the website of the Shenzhen Stock Exchange ( The financial statements of Yanjing Beer have been prepared in conformity with “Accounting Standard for Enterprises” of the PRC. Pursuant to the financial results, Yanjing Beer recorded a beer sales volume of 1.19 million thousand-litres for the three months ended 31 March 2014, representing an increase of approximately 5.31% when compared with the same period of last year.
A summary of the financial results of Yanjing Beer is provided below.Income StatementFor the three months ended 31 March2014UnauditedRMB ‘0002013UnauditedRMB ‘000Change




+ 5.22%

Profit before Tax




Profit Tax




Profit for the period



+ 5.20%

Profit Attributable to the shareholders of Yanjing Beer




( As at
) Balance Sheet (
As at )31 March 2014UnauditedRMB ‘00031 December 2013AuditedRMB ‘000Change

Total Assets




Total Liabilities



– 0.88%

Total Equity




GENERAL INFORMATIONBeijing Enterprises Holdings Limited is a company incorporated in Hong Kong with limited liability, the shares of which are listed on the main board of the Stock Exchange (stock code:392). Beijing Enterprises Holdings Limited and its subsidiaries are principally engaged in natural gas operations, brewery operations, sewage and water treatment operations in the PRC.Yanjing Beer is a company incorporated in the PRC with limited liability, the shares of whichare listed on the Shenzhen Stock Exchange (stock code: 000729). Yanjing Beer is principally engaged in beer brewing and production of beverages including mineral water, etc and sales of related products.As at the date of this announcement, Beijing Enterprises Holdings Limited indirectly holds80% equity interest in Beijing Yanjing Brewery Investment Co., Ltd.* (), while the latter directly holds approximately 57.46% equity interest in Yanjing Beer. Yanjing Beer is an indirect non-wholly owned subsidiary of Beijing Enterprises Holdings Limited.Shareholders should note that the above unaudited results pertain only to Yanjing Beer. The unaudited results of Yanjing Beer for the three months ended 31 March 2014 will be consolidated in the accounts of the Company after adjustments in accordance with all applicable Hong Kong Financial Reporting Standards. Public investors and shareholders of the Company should exercise caution when dealing in its securities.By Order of the BoardBeijing Enterprises Holdings LimitedTam Chun FaiExecutive DirectorHong Kong, 25 April 2014
As at the date of this announcement, the board of directors of the Company comprises Mr. Wang Dong (Chairman), Mr. Hou Zibo, Mr. Zhou Si, Mr. Zhang Honghai, Mr. Li Fucheng, Mr. Li Yongcheng, Mr. Liu Kai, Mr. E Meng, Mr. Jiang Xinhao and Mr. Tam Chun Fai as executive directors; Mr. Guo Pujin as non-executive director; Mr. Wu Jiesi, Mr. Robert A. Theleen, Mr. Lam Hoi Ham, Mr. Fu Tingmei, Mr. Sze Chi Ching , Mr. Shi Hanmin and Dr. Yu Sun Say as independent non-executive directors.
* For identification purposes only

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