TECHWAYSON HOLD<08098> - Results Announcement (Q1, 2002/2003, Summary)
Techwayson Holdings Limited announced on 14/11/2002:
(stock code :08098)
Year end date :30/06/2003
Currency :RMB
Auditors' report :N/A
Review of 1st 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 01/07/2002 from 01/07/2001
to 30/09/2002 to 30/09/2001
$'000 $'000
Turnover : 8,270 6,545
Profit/(Loss) from Operations : 3,709 884
Finance cost : (209) N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 3,111 768
% Change Over the Last Period : +305.08 %
EPS / (LPS)
Basic (in dollar) : RMB 0.0089 RMB 0.0024
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 3,111 768
1st Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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
Techwayson Holdings Limited
Signature :
Name : TUNG FAI
Title : DIRECTOR
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. Basis of Presentation:
The consolidated financial statements have been prepared in
accordance with Statements of Standard Accounting Practice
issued by the Hong Kong Society of Accountants and accounting
principles generally accepted in Hong Kong and the disclosure
requirements of the Hong Kong Companies Ordinance and the Rules
Governing the Listing of Securities on The Growth Enterprise
Market of The Stock Exchange of Hong Kong Limited(the "GEM Listing
Rules"). The consolidated financial statements have been
prepared under the historical cost convention.
2. Turnover:
The Group's turnover represented revenue generated from fixed
price contracts in respect of ¡]i) sales of system control
equipment and software prodcuts,and (ii) fees for system integration
services and was further classified under the heading of industrial
automation services and building automation services.The Group's
revenue from fixed price contracts is stated after deducting Mainland
China value-added tax and city and county maintenance tax.
3. Earnings per share:
The calculation of basic earnings per share for the three months
ended 30 September 2002 was based on the consolidated profit
attributable to shareholders of approximately
RMB3,111,000(2001:RMB768,000) and the weighted averaged
number of approximately 350,000,000 shares (2001:316,302,000 shares)
deemed to be in issue during the period.
Diluted earnings per share was not presented because there were no
dilutive potential ordinary shares in issue during the three months
ended 30 September 2001 and 2002.
4. Dividend:
The Directors do not recommend the payment of dividend for the three
months ended 30 September 2002.( 2001: NIL)
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