/EINPresswire.com/ -- HONG KONG, CHINA -- (Marketwired) -- 05/16/16 -- China Enterprises Limited (OTC PINK: CSHEF)

The Board of Directors of the Company announced the following financial information for the year ended December 31, 2015: -

CONSOLIDATED RESULTS FOR THE YEAR ENDED DECEMBER 31, 2015

Financial Highlights

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                                         Year ended           Year ended
                                      December 31, 2015    December 31, 2014
                                     ---------------------------------------
 Revenue                                     Nil                  Nil
 Operating loss                           Rmb(2.8M)            Rmb(2.1M)
 Profit (Loss) before income tax           Rmb4.1M             Rmb(2.5M)
 Net income (loss)                         Rmb4.1M             Rmb(2.5M)
 Earnings (Loss) per common share          Rmb0.45             Rmb(0.28)
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The Company does not have an operating subsidiary up to the date of this press release, and the Company is actively seeking new opportunities with respect to its business.

The Rmb2.8 million loss from operating activities represented the general and administrative expenses incurred for the year ended December 31, 2015. General and administrative expenses were comprised of expenditures for personnel and administrative functions, including accounting, information technology, human resources, legal and administration. The general and administrative expenses in 2014 were Rmb2.1 million.

Apart from the general and administrative expenses of Rmb2.8 million, components of net income of Rmb4.1 million for the year ended December 31, 2015 were interest income of Rmb0.1 million, unrealized gain recognized on trading securities of Rmb10.0 million, offset by interest expense of Rmb0.6 million, net realized loss recognized on disposal of securities of Rmb0.4 million and an exchange loss of Rmb2.2 million.

The Company presently anticipates that it will hold its forthcoming Annual General Meeting in Hong Kong as soon as practicable in 2016.

For more information, please contact:

Hong Kong
China Enterprises Limited
Tel: (852) 3151 0300
Fax: (852) 2542 0298

New York
Pristine Advisers LLC
Tel: (631) 756-2486
Fax: (646) 478-9415

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