KINGDEE INT'L<08133> - Results Announcement (Q3, 2003, Summary) Kingdee International Software Group Company Limited announced on 13/11/2003: (stock code: 08133 ) Year end date :31/12/2003 Currency :RMB Auditors' report :N/A Review of 3rd Quarterly Report by :Audit Committee & Auditors 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 30/09/2003 to 30/09/2002 $'000 $'000 Turnover : 247,930 196,826 Profit/(Loss) from Operations : 19,729 16,310 Finance cost : (47) 530 Share of Profit/(Loss) of Associates : (1,215) (500) Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 18,829 15,538 % Change Over the Last Period : +21.18% EPS / (LPS) Basic (in dollar) : RMB 0.0427 RMB 0.3538 Diluted (in dollar) : RMB 0.04145 RMB 0.03505 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 18,829 15,538 3rd Quarterly Dividends per Share : NIL NIL (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 (bdi: both days inclusive) For and on behalf of Kingdee International Software Group Company Limited Signature : Name :LUO MING XING Title :Executive Director & SeniorVice President 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. Remark: 1. Basis of presenation The financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS") which include International Accounting Standards and Interpretations issued by the International Accounting Standards Board, the disclosure requirements of the Hong Kong Companies Ordinance and the Rules Governing the Listing of Securities on the GEM issued by the Stock Exchange. The books and records of the Company and its subsidiaries, except for those subsidiaries established in the PRC (the "PRC subsidiaries"), are maintained in Hong Kong dollars. The books and records of the PRC subsidiaries are maintained in Renminbi ("RMB"). Owing to the fact that the Group principally operates in the PRC and its business activites are principaly transacted in RMB, these financial statements are prepared in RMB. 2. Turnover, sales and value-added tax refund Turnover is net of applicable business tax and value-added tax ("VAT") in the PRC and comprises the following: ˇ@ ˇ@ˇ@ Nine months ended 30 September 2003 2002 RMB'000 RMB'000 Sales of software 201,161 166,420 Sales of hardwareˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ 1,452 232 Software solution consulting and support services 45,317 30,174 247,930 196,826 3. Earnings per share Basic earnings per share are calculated by dividing the net profit for the nine months ended 30 September 2003,by the weighted average number of ordinary shares outstanding during the reporting period. For the purpose of calculating diluted earnings per share, the net profit and the weighted average number of shares outstanding are adjusted for the effects of all dilutive potential ordinary shares from exercise of share options. The amount of net profit for the reporting period is adjusted by the after-tax effect of interest recognised in the reporting period for the proceeds from exercise of share options. The number of ordinary shares is the weighted average number of ordinary shares plus the weighted average number of ordinary shares which would be issued on the conversion of all the dilutive potential ordinary shares into ordinary shares. Share options are deemed to have been converted into ordinary shares on the date when the options were granted. Information on net profit and number of shares outstanding for the nine months ended 30 September 2003 is as follows: Nine months ended 30 September 2003 2002 unaudited unaudited RMB'000 RMB'000 Net Profit 18,829 15,538 After-tax effect of interest on proceeds 68 23 from exercise of share oprions Net profit (diluted) 18,897 15,561 ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@ˇ@Nine months ended 30 September 2003 2002 Number'000 Number'000 Issue ordinary shares at 1 January 440,887 437,750 Effect of shares issued 0 1429 Effect of exercise of shares options 38 0 Weighted average number of ordinary 440,925 439,179 shares for the reporting period Effect of share options outstanding 14,926 4,830 Weighted average number of ordinary 455,851 444,009 shares(diluted)for the reporting period |