SkyOcean International Holdings Limited
SkyOcean International Holdings Limited 0593.HK
SkyOcean International Revenue Increased 38% to HK$136.7 million (31 March 2016, Hong Kong) SkyOcean International Holdings Limited (“SkyOcean International” or the “Company” and, together with its subsidiaries, the “Group”) (Stock Code: 00593), announced its annual results for the year ended 31 December 2015 (“theYear”). During the Year, the Group recorded revenue of approximately HK$136.7 million, representing an increase of 38% compared to approximately HK$99.0 million in 2014. Such increase was mainly attributable to the revenue generated from the sales and leases of the newly completed commercial units in the Group’s property project located in Qian’an, Hebei Province, namely the “4th Generation SkyOcean City” urban complex project, amounted to HK$59.0 million in 2015. The Group recorded a net profit of approximately HK$618.9 million in 2015 (2014: a net loss of approximately HK$154.7 million). Such increase was mainly attributable to the significant gains on fair value change of the Group’s investment properties in Beijing; and the sales of the newly completed commercial units in the Group’s “4th Generation SkyOcean City” urban complex project. Basic earnings per share attributable to the owners of the Company for the year ended 31 December 2015 amounted to HK$2.345 (2014: basic losses per share of HK$0.644). SkyOcean International carried on major strategic adjustment during the Year and shifted its operational focus from property development and elderly care services to innovation and start-ups incubation. The management believes that, such strategic change is of forward-looking significance, which can help the Group play its own advantages, capture the world’s innovation and start-up trend, and bring about decent returns to the Group, and therefore stays in line with the shareholders’ overall benefits. The year of 2015 saw the kick-off of the “Mass Entrepreneurship and Innovation” raised by Premier Li Keqiang. During the Year, the State Council of the PRC released a few supporting policy documents to creat favorable policies and social environment for people’s innovation and entrepreneurship. Skyocean International has become the sole strategic partner of United Nations Office for Project Services (“UNOPS”) in the Asia-Pacific in the innovation field early since 2013. On 18 May 2015, the Group officially launched its proprietary technology brand COMB+, and the first smart incubation platform COMB+ (Beijing Chaoyang), was put into operation at the same time, marking that SkyOcean International has expanded into the technology sector and has become the first Hong Kong listed company with a self-operating platform for start-ups and innovations.. COMB+ Global Innovation and Entrepreneurship Incubation Platform As at 31 December 2015, among over 1,000 applications received, 45 outstanding start-ups were invited to enter COMB+. During the Year, these enterprises have obtained funding amounted to approximately RMB180 million, with a total combined valuation of about RMB1.4 billion, among which Meixi Laundry Technology and Northern Hemisphere gained investment of over RMB30 million in their recent single round of financing. During the Year, the revenue from providing services to start-up enterprises was approximately RMB519,000. COMB+ (Beijing Fangshan) project, which is under development, occupies a site area of approximately 3 million square metres, with a total investment to reach RMB50 billion. Phase I of the project has a site area of approximately 113,000 square metres, and its trial operation is expected to commence by the end of 2016. COMB+ is a platform not only for operation and investment, but also for big data. “Global Online Silicon Valley”, a service platform for interaction and investment between entrepreneurs and investors from home and abroad, will pool the world’s best entrepreneurship programs, courses and mentors, and build an alliance for the world’s mainstream investors, a global network for innovation services and forge an online business starting eco-system. Phase I of COMB+ “Global Online Silicon Valley” has started trial operation from 1 March 2016, with a total project investment to be approximately RMB6.5 million. “4th Generation SkyOcean City” Urban Complex Project The management believes that, SkyOcean International has identified its objectives for future development and formulated detailed execution plans. The management is confident that the Company will soon become a technical group with an international influence. In 2016, COMB+ will cooperate domestic and overseas partners to build several incubators and science parks and “Global Online Silicon Valley” will be perfected in phases. The expansion of COMB+ global incubator alliance is accompanied by the growth of the global investment alliance and the entrepreneurial mentor alliance. COMB+ will also collaborate with more internationally prestigious universities to host summits on entrepreneurial education and innovation or entrepreneurship competitions, in order to improve its brand awareness. Meanwhile, SkyOcean International will also consider strategic investment in outstanding technical and cultural businesses worldwide to bring about decent returns to the shareholders. About SkyOcean International Holdings Limited (0593.HK) This press release is published by Porda Havas International Finance Communications Group on behalf of SkyOcean International Holdings Limited. For further information, please contact:
End of Press Release +++++ Document: http://n.eqs.com/c/fncls.ssp?u=QXXGUEAQCY Document title: SkyOcean International 2015 Annual Results
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