DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of Calculations of Basic and Diluted Earnings Per Share

The results of the above discontinued operations are presented below:

	2015		2016		2017
	CNY		CNY		CNY
Loss per share from the discontinued operations (Presented in CNY per share)
Basic	(1.45	)	(0.74	)		(0.95	)
Diluted	(1.45	)	(0.74	)		(0.95	)
The calculations of basic and diluted loss per share from the discontinued operations are based on:
	2015		2016			2017
	CNY		CNY			CNY
Loss attributable to owners of the Company from the discontinued operations	(36,176	)	(18,591	)		(23,817	)
Weighted average number of ordinary shares in issue during the period used in the loss per share calculations:
Basic (Note 16)	24,910,916		24,910,916			24,910,916
Diluted (Note 16)	24,910,916		24,910,916			24,910,916

Discontinued operation of Wuhu Feishang [Member]

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of discontinued operations

(a) Discontinued operation of Wuhu Feishang

The results of Wuhu Feishang are presented below:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Revenue	18,342		—			—
Cost of sales	(31,936	)	—			—
Gross Profit	(13,594	)	—			—
Selling expenses	(31	)	(23	)		—
Administrative expenses	(14,487	)	(6,588	)		(991	)
Losses arising from temporary suspension of production	(830	)	(4,073	)		(641	)
Reversal of write-down of inventories to net realizable value	5,474		1,744			—
Impairment loss on property, plant and equipment	(7,542	)	—			—
Other operating income	412		393			61
OPERATING LOSS	(30,598	)	(8,547	)		(1,571	)
Finance costs	(422	)	(258	)		(30	)
Interest income	892		119			9
Non-operating income/(expenses), net	(106	)	(2,267	)		230
LOSS BEFORE INCOME TAX	(30,234	)	(10,953	)		(1,362	)
LOSS FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		(1,362	)
Gain on disposal of Wuhu Feishang	—		—			12,340
(LOSS)/PROFIT FOR THE PERIOD FROM WUHU FEISHANG	(30,234	)	(10,953	)		10,978

The details of the net assets of Wuhu Feishang as at March 3, 2017 are as follows:

	March 3, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		7,613
Rehabilitation fund		3,983
Inventories		5,644
Prepayments		73
Other receivables		47
Cash and cash equivalents		18
Trade payables		(30	)
Other payables and accrued liabilities		(13,303	)
Taxes payable		(5,316	)
Due to related companies		(5,117	)
Asset retirement obligations		(4,952	)
Net assets disposed of:		(11,340	)
Gain on disposal of Wuhu Feishang		12,340
Consideration		1,000
Satisfied by:
Cash received		1,000

The net cash flows incurred by Wuhu Feishang, excluding the cash consideration received from disposal of Wuhu Feishang are as follows:

	2015		2016		For the period from January 1, 2017 to March 3, 2017
	CNY		CNY		CNY
Operating activities	(42,785	)	(16,632	)		(2,727	)
Investing activities	(5,927	)	(81	)		60
Financing activities	35,711		1,920			1,793
Net cash outflows	(13,001	)	(14,793	)		(874	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Wuhu Feishang is as follows:

	March 3, 2017
	CNY
Cash consideration received	1,000
Less: Cash and cash equivalents disposed of	(18	)
Net cash inflows from the disposal of Wuhu Feishang	982

Discontinued operation of Double Grow [Member]

ContinuingAndDiscontinuedOperationsLineItems [Line Items]

Schedule of discontinued operations

(b) Discontinued operation of Double Grow

The results of Double Grow are presented below:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Administrative expenses	(2,099	)	(3,907	)		(5,966	)
Other operating expenses, net	(3,836	)	(3,575	)		—
OPERATING LOSS	(5,935	)	(7,482	)		(5,966	)
Finance costs	(20	)	(72	)		(78	)
Non-operating income/(expenses), net	13		(84	)		(840	)
LOSS BEFORE INCOME TAX	(5,942	)	(7,638	)		(6,884	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(6,884	)
Loss on disposal of Double Grow	—		—			(27,911	)
LOSS FOR THE PERIOD FROM DOUBLE GROW	(5,942	)	(7,638	)		(34,795	)

The details of the net assets of Double Grow as at December 29, 2017 are as follows:

	December 29, 2017
	CNY
Net assets disposed of:
Property, plant and equipment		45,442
Intangible assets		5
Inventories		5,659
Trade and bills receivables		340
Prepayments		572
Other receivables		5,962
Cash and cash equivalents		807
Trade payables		(786	)
Other payables and accrued liabilities		(2,561	)
Taxes payable		(621	)
Due to related companies		(21,994	)
Asset retirement obligations		(386	)
Net assets disposed of:		32,439
Exchange fluctuation reserve		3,280
		35,719
Loss on disposal of Double Grow		(27,911	)
Consideration		7,808
Satisfied by:
Cash received		7,808

The net cash flows incurred by Double Grow, excluding the cash consideration received from disposal of Double Grow are as follows:

	2015		2016		For the period from January 1, 2017 to December 29, 2017
	CNY		CNY		CNY
Operating activities	(4,913	)	(11,879	)		(5,796	)
Investing activities	(12,061	)	(4,453	)		(5,823	)
Financing activities	25,922		5,915			10,173
Net foreign exchange difference	(1,564	)	303			(100	)
Net cash inflows/(outflows)	7,384		(10,114	)		(1,546	)

An analysis of the cash flows of cash and cash equivalents in respect of the disposal of Double Grow is as follows:

	December 29, 2017
	CNY
Cash consideration received	7,808
Less: Cash and cash equivalents disposed of	(807	)
Net cash inflows from the disposal of Double Grow	7,001