SUNARTRETAIL：FINANCIALRESULTSANNOUNCEMENTFORTHEYEARENDED31DECEMBER2019.pdf

1、1Hong 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 relia

2、nce upon the whole or any part of the contents of this announcement.SUN ART RETAIL GROUP LIMITED高鑫零售有限公司(Incorporated in Hong Kong with limited liability)(Stock code:06808)FINANCIAL RESULTS ANNOUNCEMENT FORTHE YEAR ENDED 31 DECEMBER 2019HIGHLIGHTS OF ANNUAL RESULTSFor the year ended 31 December20192

3、018Change(Restated)(1)RMB millionGross Sales Proceeds(2)101,868101,3150.5%Revenue95,35799,359(4.0)%Gross Profit25,73125,1192.4%Profit from Operations4,8904,6984.1%Profit for the Year3,0452,70012.8%Profit Attributable to Equity Shareholders of the Company2,8342,47814.4%Earnings Per Share(“EPS”)Basic

4、and diluted(3)RMB0.30RMB0.26As at 31 December20192018Change(Restated)(1)RMB millionTotal Assets71,18669,8751.9%Total Liabilities45,82846,226(0.9)%Net Assets25,35823,6497.2%Net Cash Position(4)13,26713,483(1.6)%Note:(1)The Group has initially applied HKFRS 16 at 1 January 2019 using the full retrospe

5、ctive approach.Under this approach,comparative information has been restated.See note 3.(2)Gross Sales Proceeds consist of gross proceeds from product sales including consignment sales and rental income,excluding value-added tax.For further information,please refer to the analysis of revenue on Page

6、 20.(3)The calculation of basic and diluted EPS for the year ended 31 December 2019 and 2018 is based on the weighted average number of 9,539,704,700 ordinary shares in issue during each year.(4)The balance of net cash position is calculated as the sum of cash and cash equivalents and short-term inv