The board of directors (the "Board" or "Directors") of China Development Bank International Investment Limited (the "Company") announces the unaudited interim results of the Company and its subsidiaries (collectively the "Group") for the six months ended 30 June 2016 (the "Period"). The interim results for the Period have been reviewed by the audit committee and auditor of the Company.
For the Period, the Group recorded a profit of Hong Kong dollars ("HK$") HK$6.38 million (30 June 2015: HK$65.65 million) which is primarily attributable to the change in fair value of investments designated at fair value through profit or loss of HK$10.16 million (30 June 2015: approximately HK$48.47 million) netted off by the general and administrative expenses of HK$3.97 million (30 June 2015: approximately HK$8.74 million) incurred during the Period. The investment income for the Period decreased to Nil (30 June 2015: HK$23.14 million), which is primarily due to reduction in interest income from investment designated at fair value through profit or loss due to maturity and repayment. For both the periods ended 30 June 2015 and 2016, the Group's investment income was all derived from Hong Kong, based on the physical location of the underlying assets that generate the revenue.
The Group's non-current assets (other than financial instruments) are located in People's Republic of China (the "PRC") and Hong Kong. The interest income was HK$0.14 million (30 June 2015: HK$0.17 million). The loss in fair value of financial assets held for trading amounted to HK$0.16 million (30 June 2015: gain in fair value of HK$1.52 million), which was attributable to the change in fair value of unlisted warrant instrument and related put rights of Yingde Gases Group Company Limited ("Yingde Gases"). The gain in fair value of investments designated at fair value through profit or loss amounted to HK$10.16 million (30 June 2015: HK$48.47 million), which were attributable to the Group's investment in JinkoSolar Power Engineering Group Limited ("JinkoSolar Power"), 廣州寶供投資有限公司 (For identification purpose only, English name is Guangzhou P.G. Investment Co., Ltd.) ("PG Investment") and Best Logistics Technologies Limited ("Best Logistics"). The general and administrative expenses of the Group for the Period were HK$3.97 million (30 June 2015: HK$8.74 million), mainly resulted from the decrease in staff cost (including retirement benefits contribution) incurred during the Period. The Group's net asset value increased to HK$1,226.56 million (31 December 2015: HK$1,221.52 million) as at 30 June 2016, with earnings per share of HK0.22 cents (30 June 2015: HK2.26 cents).