GREENCOOL TECH<08056> - Results Announcement (Q3, 2002, Summary)
GREENCOOL TECHNOLOGY HOLDINGS LIMITED announced on 12/11/2002
(stock codes: Ord: 08056)
Year end date :31/12/2002
Currency :RMB
Auditors' report :N/A
Review of 3rd Quarterly Report by :Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 30/09/2002 to 30/09/2001
RMB'000 RMB'000
Turnover : 298,943 467,601
Profit/(Loss) from Operations : 121,053 335,543
Finance cost : (3,621) (3,904)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 111,141 311,954
% Change Over the Last Period : -64.37%
EPS / (LPS)
Basic (in dollar) : RMB 0.1111 RMB 0.312
Diluted (in dollar) : RMB 0.1111 RMB 0.3059
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 111,141 311,954
3rd Quarterly Dividends per Share : NIL RMB5.30cents
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
For and on behalf of
GREENCOOL TECHNOLOGY HOLDINGS LIMITED
Signature :
Name :MOK HENRY WING KAI
Title :COMPANY SECRETARY
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
Remarks:
(1) Turnover from continuing operations and discontinued operations
For the nine months ended 30 September
2002 2001
RMB'000 RMB'000
Continuing Operations 298,943 467,601
Discontinued Operations 0 0
------- -------
Total 298,943 467,601
======= =======
Turnover of continuing operations comprised the followings:
For the nine months ended 30 September
2002 2001
RMB'000 RMB'000
Conversion engineering income 195,969 426,993
Sale of CFC-free refrigerants 102,974 40,608
------- -------
298,943 467,601
======= =======
(2) Profit from continuing operations and discontinued operations
For the nine months ended 30 September
2002 2001
RMB'000 RMB'000
Continuing Operations 121,053 335,543
Discontinued Operations 0 0
------- -------
Total 121,053 335,543
======= =======
(3) Taxation
Four group companies in PRC are subject to Enterprise Income Tax
at a rate of 7.5%. Save as so disclosed, all other subsidiaries
of the Group in PRC enjoy tax holidays.
The Group had no income assessable under Hong Kong Profit Tax
for the relevant periods.
There was no material deferred taxation for the relevant periods.
(4) Earnings per share ("EPS")
The calculation of the basic and diluted earnings per share for
the nine months ended 30 September 2002 is based on the following data:
Earnings:
Net profit for the period and earnings
for the purposes of basic and diluted
earnings per share RMB111,141,000
==============
Number of shares:
Weighted average number of shares for the 1,000,000,000
purpose of basic EPS
Effect of dilutive potential shares: shares 577,712
options
---------------
Weighted average number of shares for the
purpose of diluted EPS 1,000,577,712
===============
(5) Dividends
The Board does not recommend the payment of an interim dividend for
the nine months ended 30 September 2002.
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