Annual Financial Report
China CDM Exchange Centre Limited
Final results for the year ended 31 December 2014
Chairman's Statement
The Company operates within the framework of the Clean Development Mechanism
("CDM") of the Kyoto Protocol, established under the auspices of the United
Nations Framework Convention on Climate Change. The Protocol commits countries
to reducing their emissions of Green House Gasses ("GHGs") by pre-determined
amounts or compensates for maintained or higher GHGs emissions via emissions
trading.
Based upon the on-going CDM contracts and the new attempt in the China
Certified Emission Reduction ("CCER") Market in 2014, the Company gained the
revenue of GBP£1,000,822.91 in 2014.
There was a significant progress in the CCER Market in 2014. More and more
companies with Carbon Emission Reduction obligations took part in this market
and more and more professional institutions involve themselves into the CCER
Market as the Brokers. There comes into a mature and well-regulated market in
China for the Carbon Emission Reduction. In 2014, the Company dedicated itself
to work at the relevant methodology and develop the new CCER projects.
I would like to extend my sincere thanks to the management and staff of the
Company for performing the tasks with zeal, vision and dedication and as well
as to our partners for their effective and efficient cooperation.
Outlook for 2015
In 2015, the company will develop the business focusing on the following areas:
1. To maintain the current advantages in the global carbon market;
2. To extend the new business in the China Energy Markets;
3. To strengthen management regulation, improve company's management level and
enroll high-quality talents.
……………………………
Mr. Kang Zheng
Chairman
Enquiries:
China CDM Exchange Centre Limited +86 010
jeanne_zhang@aol.com 87246056end_of_the_skype_highlighting
ISDX Advisor: 020 7251 3762
Alfred Henry Corporate Finance Ltd
www.alfredhenry.com
Jon Isaacs/Nick Michaels
The Directors accept responsibility for this announcement.
CHINA CDM EXCHANGE CENTRE LIMITED
INCOME STATEMENTS
Notes 1/1/2014-12/31/2014 1/1/2013-12/31/2013
RMB GBP RMB GBP
Revenue 3 9,790,400.00 1,000,822.91 9,905,920.00 982,330.60
Cost of sales (7,655,952.35) (782,629.16) (7,568,051.80) (750,493.53)
Gross profit 2,134,447.65 218,193.75 2,337,868.20 231,837.07
Selling expense
Administration expenses (1,951,048.33) (199,445.77) (1,912,678.37) (189,672.69)
Profit from operations 4 183,399.32 18,747.98 425,189.83 42,164.38
Foreign exchange gains 96,254.21 9,839.58 (206,853.13) (20,512.80)
Profit before income tax 279,653.53 28,587.56 218,336.70 21,651.58
The accompanying notes form an integral part of these financial statements.
Average exchange rate:?2014?RMB/GBP?9.7824; ?2013?RMB/GBP?10.0841;
CHINA
CDM EXCHANGE CENTRE LIMITED
BALANCE SHEETS
Note 12/31/2014 12/31/2013
RMB GBP RMB GBP
Non-current assets
Property Plant and Equipment 5 88,708.13 9,294.94 78,015.74 7,758.44
Long term investment 6 372,042,500.00 38,983,046.41 372,042,500.00 36,998,538.13
Intangible assets 7
Total non-current assets 372,131,208.13 38,992,341.35 372,120,515.74 37,006,296.57
Current Assets
Trade receivable 8 61,312,611.22 6,424,406.81 64,402,764.02 6,404,666.46
Other receivables
Cash and cash equivalents 9 9,678,581.91 1,014,133.08 6,319,467.97 628,452.60
Financial assets at fair value through
profit or loss
Total current assets 70,991,193.13 7,438,539.89 70,722,231.99 7,033,119.06
Total assets 443,122,401.26 46,430,881.24 442,842,747.73 44,039,415.62
Current Liabilities
Other payables
Total current liabilities
Capital and Reserves
Share capital 10 221,999,000.00 15,020,515.41 221,999,000.00 15,020,515.41
Capital surplus 1,064,345.56 109,974.13 1,064,345.56 109,974.13
Public product of surplus 49,336,357.17 3,383,675.49 49,336,357.17 3,383,675.49
Undistributed profit 170,722,698.53 15,558,641.27 170,443,045.00 15,530,053.71
Foreign currency translation difference 12,358,074.94 9,995,196.88
Total shareholder's equity 443,122,401.26 46,430,881.24 442,842,747.73 44,039,415.62
Total liabilities and shareholder's 443,122,401.26 46,430,881.24 442,842,747.73 44,039,415.62
equity
The accompanying notes form an integral part of these financial
statements.
Exchange rate:?31 Dec., 2014?RMB/GBP?9.5437; ?31 Dec., 2013?RMB/GBP?
10.0556
CHINA CDM EXCHANGE CENTRE LIMITED
CASHFLOW STATEMENTS
Note 1/1/2014-12/31/2014 1/1/2013-12/31/2013
RMB GBP RMB GBP
Cashflows from operating activities
Cashflows from operating operations: 11 3,277,432.73 335,033.61 4,172,565.09 413,776.65
Net cash generated from operating
activities
Cashflows from investing activities
Cash payment for investment
Other investment
Net cash used in investing activities 12 (14,573.00) (1,489.72) (7,558.00) (749.50)
Cashflows from financing activities
Proceeds from issuance of ordinary shares
Net cash used in financing activities
Gains on foreign transactions 96,254.21 9,839.53 (206,853.13) (20,512.80)
Net (decrease)/increase in cash and bank 3,359,113.94 343,383.42 3,958,153.96 392,514.35
balance
Cash and bank balance at the beginning of 6,319,467.97 646,003.84 2,361,314.01 234,162.10
year
Cash and bank balance at the end of 9,678,581.91 989,387.26 6,319,467.97 626,676.45
year
The accompanying notes form an integral part of these financial
statements.
Average exchange rate:(2014)RMB/GBP:9.7824; (2013)RMB/GBP:10.0841;
Details of the adjusted earnings per share are set out below:
2014 2013 2012
Basic EPS (GBP) 0.0002 0.0002 -0.001
Earnings attributable to ordinary shareholders 28,587.56 21,651.58 (135,002.33)
(GBP)
Weighted average number of shares 117,000,000 117,000,000 117,000,000
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