GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2238)
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. GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣州汽車集團股份有限公司 (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2238) 2017 ANNUAL RESULTS ANNOUNCEMENT The Board is pleased to announce the audited consolidated results of the Group for the year ended 31 December 2017 together with the comparative figures of the corresponding period ended 31 December 2016. The result has been reviewed by the Audit Committee and the Board of the Company. 1 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Year ended 31 December Note 2017 2016 RMB’000 RMB’000 Revenue 3 71,574,939 49,417,676 Cost of sales (58,716,478) (41,961,379) Gross profit 12,858,461 7,456,297 Selling and distribution costs (5,250,070) (3,396,393) Administrative expenses (4,021,804) (2,738,874) Interest income 342,643 488,696 Other gains – net 4 562,459 331,196 Operating profit 4,491,689 2,140,922 Interest income 52,676 97,240 Finance costs 5 (646,477) (962,927) Share of profit of joint ventures and associates 6 8,296,387 5,774,362 Profit before income tax 12,194,275 7,049,597 Income tax expense 7 (1,154,259) (754,342) Profit for the year 11,040,016 6,295,255 Profit attributable to: Owners
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