Abstract of 2017 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Stock code: 200512 Stock name: TKC B Announcement No.: 2017-027
TSANN KUEN (CHINA) ENTERPRISE CO., LTD.
ABSTRACT OF 2017 SEMI-ANNUAL REPORT
I. Important reminders
This Abstract is based on the full text of the Semi-Annual Report. In order for a full understanding of the
operating results, financial condition and future development planning of the Company, investors are kindly
reminded to read the full text carefully on the media designated by China Securities Regulatory Commission (the
“CSRC”).
This Abstract is prepared in both Chinese and English. Should there be any discrepancy between the two versions,
the Chinese version shall prevail.
Non-standard auditor’s opinion
□ Applicable √ Not applicable
Preplan for profit distribution to common shareholders or turning capital reserve into share capital for Reporting
Period which has been reviewed and approved at board meeting
□ Applicable √ Not applicable
The Company plans not to distribute cash dividends or bonus shares or turn capital reserve into share capital.
II. Company profile
1. Stock profile
Stock name TKC B Stock code 200512
Stock exchange Shenzhen Stock Exchange
For contact Board Secretary Securities Representative
Name Sun Meimei Dong Yuanyuan
TSANN KUEN Industrial Park, TSANN KUEN Industrial Park,
Taiwanese Investment Zone, Taiwanese Investment Zone,
Office address
Zhangzhou, Fujian Province, Zhangzhou, Fujian Province,
P.R.China P.R.China
Tel. 0596-6268161 0596-6268103
E-mail address mm_sun@tkl.tsannkuen.com yy_dong@tkl.tsannkuen.com
2. Accounting and financial highlights
Does the Company need to adjust retrospectively or restate accounting data of previous periods?
□ Yes √ No
Unit: RMB Yuan
Same period of last
Item Reporting Period YoY +/-（％）
year
Operating revenues 869,683,758.68 798,108,689.27 8.97
Net profit attributable to shareholders of the
11,066,574.11 17,789,801.36 -37.79
Company
Net profit attributable to shareholders of the
Company after excluding non-recurring gains and 6,803,673.06 15,944,852.56 -57.33
losses
Net cash flow from operating activities -57,511,295.96 -60,172,006.29 4.42
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Abstract of 2017 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Same period of last
Item Reporting Period YoY +/-（％）
year
Basic EPS (RMB Yuan/share) 0.06 0.10 -40.00
Diluted EPS (RMB Yuan/share) 0.06 0.10 -40.00
Weighted average ROE (%) 1.79 3.11 -1.32
As at the end of the As at the end of
Item +/- (%)
Reporting Period last year
Total assets 1,655,926,939.85 1,697,533,004.99 -2.45
Net assets attributable to shareholders of the
598,409,580.98 610,856,271.31 -2.04
Company
Total shares of the Company as at closure of the last trading day before the disclosure of this Report:
Total shares of the Company as at closure of the last trading day before
185,391,680
the disclosure of this Report (share)
Fully diluted EPS based on the latest total shares (RMB Yuan/share) 0.06
3. Shareholders and their shareholdings
Unit: share
Total number of
Total number of common preference shareholders
17,233 0
shareholders at the period-end with resumed voting
rights at the period-end
Shareholdings of top 10 shareholders
Pledged or frozen
Nature of Shareholding Shares Restricted shares
Name of shareholder
shareholder percentage held shares held Status of Number
shares of shares
FORDCHEE Foreign
29.10% 53,940,530 0 N/A 0
DEVELOPMENT LIMITED corporation
EUPA INDUSTRY Foreign
13.09% 24,268,840 0 N/A 0
CORPORATION LIMITED corporation
GUOTAI JUNAN
Foreign
SECURITIES(HONGKONG) 5.03% 9,320,780 0 N/A 0
corporation
LIMITED
FILLMAN INVESTMENTS Foreign
2.49% 4,621,596 0 N/A 0
LIMITED corporation
SHENWAN HONGYUAN
Foreign
SECURITIES (HK) 2.39% 4,437,015 0 N/A 0
corporation
LIMITED
CHINA MERCHANTS
State-owned
SECURITIES (HK) CO., 1.16% 2,144,050 0 N/A 0
corporation
LTD.
Domestic
CHEN YONGQUAN 1.02% 1,896,843 0 N/A 0
individual
Foreign
CHEN YONGQING 0.79% 1,458,349 0 N/A 0
individual
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Abstract of 2017 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
Foreign
CHEN LIJUAN 0.71% 1,308,017 0 N/A 0
individual
Domestic
DING XIAOLUN 0.59% 1,100,000 0 N/A 0
individual
The first, the second and the fourth shareholders are the
Company’s corporate controlling shareholders. It is unknown
Related or acting-in-concert parties among whether the other shareholders of tradable shares are related
the shareholders above parties or acting-in-concert parties as prescribed in the
Administrative Methods for Disclosure of the Shareholding
Changes of the Listed Company’s Shareholders.
Shareholders conducting securities margin
None
trading
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the Reporting Period
□ Applicable √ Not applicable
The controlling shareholder did not change in the Reporting Period.
Change of the actual controller in the Reporting Period
□ Applicable √ Not applicable
The actual controller did not change in the Reporting Period.
5. Number of preference shareholders and shareholdings of top 10 of them
□ Applicable √ Not applicable
No preference shareholders in the Reporting Period.
6. Corporate bonds
Are there any corporate bonds publicly offered and listed on the stock exchange, which were undue before the
approval date of this Report or were due but could not be redeemed in full?
No.
III. Performance discussion & analysis
1. Performance review for the Reporting Period
Is the Company subject to any disclosure requirements for special industries?
No.
For the Reporting Period, the Company achieved operating revenues of RMB870 million, up 8.97% over
RMB798 million of the same period of last year, and net profit of RMB11 million, down 37.79% over RMB18
million of the same period of last year. This is mainly because the prices of raw materials went up, which offset
the gross profit margin on the increased operating revenues, and the foreign exchange gains dropped.
We carried on with our simplification and transformation strategies. We divided R&D tasks for our teams in
mainland China and Taiwan and built research institutions at three levels of resource allocation. We also checked
the structures and functions of our departments of development, procurement, manufacturing and marketing to
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Abstract of 2017 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.
make sure the implementation of lean production. Meanwhile, new raw materials, techniques and manufacturing
equipment have been brought in to increase our yield rate and production efficiency. Upholding the strategy of
innovation-driven transformation, we asked for better execution in our innovation, production and differentiation
to become more competitive and provide products with multi-functions, high added value and high quality.
The continuous recovery of the global small home appliance markets and the fast growing domestic market are
expected to boost demand for small home appliances. Through being more intimate with customers and cost
leadership, we create market demand by developing smart-home and low-carbon products, which effectively
expands our market share and strengthen our profitability.
(1) Changes in accounting policy, accounting estimation and measurement methods compared to last
accounting period
□ Applicable √ Not applicable
(2) Retrospective restatements due to correction of significant accounting errors in Reporting Period
□ Applicable √ Not applicable
(3) Changes in consolidation scope compared to last accounting period
□ Applicable √ Not applicable
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