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闽灿坤B:2018年半年度报告摘要(英文版)2018-08-08  

						                       Abstract of 2018 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.




 Stock code: 200512                       Stock name: TKC B                         Announcement No.: 2018-029
                    TSANN KUEN (CHINA) ENTERPRISE CO., LTD.
                     ABSTRACT OF 2018 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.
 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.
 Preplan for profit distribution to preference shareholders for reporting period which has been reviewed and
 approved at board meeting:
 □ Applicable √ Not applicable

 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
Office address              Taiwanese Investment Zone, Zhangzhou, Investment     Zone, Zhangzhou,  Fujian
                            Fujian Province, P.R.China             Province, 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
                         Item                                Reporting Period                           YoY +/-(%)
                                                                                      last year
 Operating revenue                                               691,510,505.23      869,683,758.68                 -20.49
 Net profit attributable to shareholders of the
                                                                 -28,341,686.77        11,066,574.11               -356.10
 Company
 Net profit attributable to shareholders of the
                                                                 -31,209,045.03         6,803,673.06               -558.71
 Company before extraordinary gains and losses
 Net cash flows from operating activities                     -119,821,570.49         -57,511,295.96               -108.34


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                          Abstract of 2018 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.



                                                                                       Same period of
                            Item                                Reporting Period                            YoY +/-(%)
                                                                                         last year
   Basic EPS (RMB Yuan/share)                                                -0.15                   0.06           -350.00
   Diluted EPS (RMB Yuan/share)                                              -0.15                   0.06           -350.00
   Weighted average ROE (%)                                                  -4.73                   1.79                -6.52

                                                                 As at the end of
                                                                                       As at the end of
                            Item                                  the Reporting                                +/- (%)
                                                                                          last year
                                                                      Period
   Total assets                                                 1,583,091,285.43      1,778,825,153.51                  -11.00
   Net assets attributable to shareholders of the
                                                                    567,601,992.34      610,814,327.77                   -7.07
   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
                                                                                                               185,391,680
   trading day before the disclosure of this Report (share)
   Fully diluted EPS based on the latest total shares
                                                                                                                         -0.15
   (RMB Yuan/share)

   3. Shareholders and their shareholdings

                                                                                                                Unit: share
                                                                          Total number of preference
Total number of common shareholders
                                                               16,429     shareholders with resumed                              0
at the period-end
                                                                          voting rights at the period-end
                                      Greater than 5% or top 10 common shareholders
                                                                        Increase/    Number                      Pledged or
                                                           Total
                              Nature      Sharehol                      decrease        of        Number of     frozen shares
                                                         common
                                of          ding                          during     non-trad      tradable
  Name of shareholder                                   shares held                                            Status      Numb
                             sharehol     percenta                         the         able        common
                                                           at the                                                of         er of
                               der           ge                          reportin    common         shares
                                                        period-end                                             shares      shares
                                                                        g period      shares
FORDCHEE                     Foreign
                                                                        No chan                    53,940,53
DEVELOPMENT                  corporati     29.10%       53,940,530                            0                  N/A             0
                                                                             ge                            0
LIMITED                      on
EUPA INDUSTRY                Foreign
                                                                             No                    24,268,84
CORPORATION                  corporati     13.09%       24,268,840                            0                  N/A             0
                                                                          change                           0
LIMITED                      on
GUOTAI JUNAN                 Foreign
                                                                        No chan
SECURITIES(HONGKO            corporati       4.96%        9,196,449                           0    9,196,449     N/A             0
                                                                             ge
NG) LIMITED                  on
FILLMAN                      Foreign
                                                                             No
INVESTMENTS                  corporati       2.49%        4,621,596                           0    4,621,596     N/A             0
                                                                          change
LIMITED                      on
CHIAN EVERBRIGHT             Foreign
SECURITIES (HK) CO.,         corporati       1.26%        2,335,823      213,723              0    2,335,823     N/A             0
LTD                          on
SHENWAN                      Foreign
                                                                        No chan
HONGYUAN                     corporati       1.06%        1,956,752                           0    1,956,752     N/A             0
                                                                             ge
SECURITIES (H.K.)            on



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                         Abstract of 2018 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.


LIMITED

                            Domesti
                            c
CHEN YONGQUAN                               1.03%        1,900,376       3,033               0    1,900,376    N/A          0
                            individu
                            al
                            Foreign
                                                                       No chan
CHEN YONGQING               individu        0.80%        1,488,949                           0    1,488,949    N/A          0
                                                                            ge
                            al
                            Foreign
                                                                            No
CHEN LIJUAN                 individu        0.72%        1,339,434                           0    1,339,434    N/A          0
                                                                         change
                            al
                            Domesti
                            c
DING XIAOLUN                                0.61%        1,135,000      32,000               0    1,135,000    N/A          0
                            individu
                            al
Strategic   investor  or   general
corporation becoming a top ten
                                         N/A
shareholder due to placing of new
shares
                                         The first, the second and the fourth shareholders are the Company’s corporate
                                         controlling shareholders. It is unknown whether the other shareholders of
Related parties or acting-in-concert
                                         tradable shares are related parties or acting-in-concert parties as prescribed in the
parties among the shareholders above
                                         Administrative Methods for Disclosure of the Shareholding Changes of the
                                         Listed Company’s Shareholders.
                                           Top 10 tradable common share holders
                                                Number of                                   Type of shares
                                             tradable common
          Name of shareholder
                                             shares held at the                      Type                       Number
                                                 period-end
FORDCHEE DEVELOPMENT
                                                    53,940,530     Domestically listed foreign shares             53,940,530
LIMITED
EUPA INDUSTRY CORPORATION
                                                    24,268,840     Domestically listed foreign shares             24,268,840
LIMITED
GUOTAI JUNAN
                                                     9,196,449     Domestically listed foreign shares              9,196,449
SECURITIES(HONGKONG) LIMITED
FILLMAN INVESTMENTS LIMITED                          4,621,596     Domestically listed foreign shares              4,621,596
CHIAN EVERBRIGHT SECURITIES
                                                     2,335,823     Domestically listed foreign shares              2,335,823
(HK) CO., LTD
SHENWAN HONGYUAN
                                                     1,956,752     Domestically listed foreign shares              1,956,752
SECURITIES (H.K.) LIMITED
CHEN YONGQUAN                                        1,900,376     Domestically listed foreign shares              1,900,376
CHEN YONGQING                                        1,488,949     Domestically listed foreign shares              1,488,949
CHEN LIJUAN                                          1,339,434     Domestically listed foreign shares              1,339,434
DING XIAOLUN                                         1,135,000     Domestically listed foreign shares              1,135,000
Explanation on associated relationship       The first, the second and the fourth shareholders are the Company’s corporate
or/and persons acting in concert among       controlling shareholders. It is unknown whether the other shareholders of
the    top   ten    common      tradable     tradable shares are related parties or acting-in-concert parties as prescribed in
shareholders and between the top ten         the Administrative Methods for Disclosure of the Shareholding Changes of
tradable shareholders and the top ten        the Listed Company’s Shareholders.


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                         Abstract of 2018 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.


common shareholders
Explanation on the top 10 common
shareholders participating in the margin     N/A
trading business

   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

   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, we achieved operating revenue of RMB692 million, down 20.49% from RMB870
   million of the same period of last year, and net profit of RMB-28 million, down 356.10% from RMB11 million of
   the same period of last year. Operating revenue and gross profit were mainly affected by the weakening American
   and European markets, customers’ stock control and the rising raw material prices. And profits were also dragged
   down by assessed impairments of inventories. To boost operating revenue and profits, we will continue to
   promote innovation in R&D and modularized development and design, utilize components in an economic
   manner, increase product prices and added value, cut down procurement cost in the supply chain, increase
   automation in manufacturing, properly adjust product prices through friendly communication, and try to attract
   more orders.
   The Company belongs to the subsector of small household appliance design, manufacturing and marketing. Its
   business scope primarily includes: development and manufacture of household appliances, electronics, light
   industrial products, modern office supplies; design and manufacture of molds for those products; Sale of the
   Company’s products in China and to other countries and regions as well as provision of relevant after-sales



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                      Abstract of 2018 Semi-Annual Report of Tsann Kuen (China) Enterprise Co., Ltd.



service; wholesale, retail (only in the Company’s own shops), import & export and relevant supporting business of
household appliances, electronic products, electrical equipment, office supplies, kitchen utensils and pre-packaged
food as well as provision of relevant after-sales service. No material changes occurred to the business model of
the Company in the reporting period.
The subsector of small household appliances in which the Company competes is mature and growing. The
Company’s main products include grills, irons, coffee makers, juicers, ovens, electric tea kettles and toasters, most
of which are exported. As the age of intelligent machines comes, small household appliances are gaining more
popularity on the international market. And as people’s living standards are improving in China, a development
trend towards smart, healthy and modern products integrating humanities and science is being seen in the
subsector of small household appliances.
The Company vigorously explores the domestic market while also working on the American and European
markets. Supported by stable domestic demand, the Company promotes more innovation in R&D under its brand
name to create a better future for the Company and maintain a leading position in the industry. Meanwhile, the
Company promotes transformation and upgrade in its household appliance business through branding efforts.

2. Matters related to financial reporting

(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
1. Tsann Kuen (Zhangzhou) Investment Co., Ltd. (“TKI”) was incorporated by the Company’s controlled
subsidiary, Tsann Kuen (Zhangzhou) Enterprise Co., Ltd. on 15 June 2018 and has been included in the
Company’s consolidated financial statements since that day.
2. Xiamen Travel Canxing (Xiamen) International Travel Service Co., Ltd. was officially dissolved on 6 February
2018 for it had no actual operations.




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