GREENCOOL TECH<08056> - Results Announcement (Q1, 2003, Summary)
GREENCOOL TECHNOLOGY HOLDINGS LIMITED announced on 14/05/2003
(stock code: 08056 )
Year end date :31/12/2003
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 01/01/2003 from 01/01/2002
to 31/03/2003 to 31/03/2002
RMB'000 RMB'000
Turnover : 34,715 47,483
Profit/(Loss) from Operations : 5,781 16,841
Finance cost : 941 612
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 : 4,103 15,181
% Change Over the Last Period : -72.97%
EPS / (LPS)
Basic (in dollar) : RMB 0.0041 RMB 0.0152
Diluted (in dollar) : RMB 0.0041 RMB 0.0152
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 4,103 15,181
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
(bdi: both days inclusive)
For and on behalf of
GREENCOOL TECHNOLOGY HOLDINGS LIMITED
Signature :
Name :HENRY MOK
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 three months ended 31 March
2003 2002
RMB'000 RMB'000
Continuing Operations 34,715 47,483
Discontinued Operations 0 0
------- -------
Total 34,715 47,483
======= =======
Turnover of continuing operations comprised the followings:
For the three months ended 31 March
2003 2002
RMB'000 RMB'000
Conversion engineering income 31,192 43,110
Sale of CFC-free refrigerants 3,523 4,373
------- -------
Total 34,715 47,483
======= =======
(2) Profit from continuing operations and discontinued operations
For the three months ended 31 March
2003 2002
RMB'000 RMB'000
Continuing Operations 5,781 16,841
Discontinued Operations 0 0
------- -------
Total 5,781 16,841
======= =======
(3) Taxation
Pursuant to the relevant income tax laws of the PRC applicable to
enterprises with foreign investment and foreign enterprises, the
Group's PRC subsidiaries are subject to PRC Enterprise Income Tax
at rates ranging from 7.5% to 15% (2002: 7.5% to 15%).
No provision for Hong Kong Profits Tax has been made in the
financial¡@statements as the Group's income is nether arises
in nor is derived from Hong Kong.
No provision for deferred taxation has been made in the
financial¡@statements as there were no significant timing
differences arising during the period or at the balance sheet date.
(4) Earnings per share ("EPS")
The calculation of the basic and diluted earnings per share for
the three months ended 31 March 2003 is based on the following data:
Earnings:
Net profit for the period and earnings
for the purposes of basic and diluted
earnings per share RMB4,103,000
==============
Number of shares:
Weighted average number of shares for the 1,000,000,000
purpose of basic EPS
Effect of dilutive potential shares: shares
options nil
---------------
Weighted average number of shares for the
purpose of diluted EPS 1,000,000,000
===============
(5) Dividends
The Board does not recommend the payment of any interim dividend for
the three months ended 31 March 2003 [2002 - nil per share]
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