China Xintel Announces 2018 Interim Results

China Xintel Group Co., Ltd. is pleased to announce its interim results for the period ended 30 June 2018.

During the period under review, the Group's turnover increased by 397.9% to HK$1,452,139,000. The gross profit increased by 81.8% over the same period last year to HK$141,845,000. The profit attributable to owners of the Company was HK$9,483,000. The basic earnings per share is 0.1 HK cents.

For the three months ended 30 June 2018, the Group's turnover was HK$835,696,000, representing a year-on-year increase of 480.5%. The gross profit attributable to owners of the Company was HK$87,447,000 and HK$18,361,000, respectively. .

The Group is committed to maintaining a reasonable and healthy level of financial indicators. As of 30 June 2018, the Group's cash and cash equivalents were approximately HK$44,336,000, with a current ratio of 1.8 times.

Sales of telecommunications products and services

During the period under review, the sales of the telecommunications products and services segment was strong, as the sales of different brands of mobile phones enriched the product range and boosted revenue by 470.6% to HK$1,400,622,000. Sales of telecommunications products and services refer to the trading of telecommunications products in China and Hong Kong. Provide Internet data center ("Internet Data Center"), WIFI, system integration and value-added Internet services and software development business.

Internet financial platform business

During the period under review, the Group continued to expand the customer base of its internet finance platform. The service or commission income from operating these platforms contributed revenue of approximately HK$39,714,000.

prospect

Looking ahead, the Group will continue to expand its Internet data center business. The Internet data centers in Huizhou and Heshan are expected to be completed and put into use in 2019. The Group expects these Internet data centers to bring more to the Group in the coming years. Income contribution.

In addition, the Group will continue to explore potential investment opportunities in Internet data centers, Internet of Things, cloud computing and related businesses. With the favorable policies and support of the Chinese government for these high-growth industries, management is optimistic that the Group will be able to see In the future, it will bring more satisfactory returns to shareholders.

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