GREENCOOL TECH<08056> - Results Announcement (Q1, 2004, Summary)
GREENCOOL TECHNOLOGY HOLDINGS LIMITED announced on 13/05/2004:
(stock code: 08056 )
Year end date :31/12/2004
Currency :RMB
Auditors' report :N/A
1st Quarterly Report Reviewed 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 01/01/2004 from 01/01/2003
to 31/03/2004 to 31/03/2003
RMB'000 RMB'000
Turnover : 22,675 34,715
Profit/(Loss) from Operations : 3,171 5,781
Finance cost : (1,020) (941)
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 : 1,460 4,103
% Change Over the Last Period : -64.42%
EPS / (LPS)
Basic (in dollar) : RMB 0.0015 RMB 0.0041
Diluted (in dollar) : N/A RMB 0.0041
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 1,460 4,103
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter 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 : 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 three months ended 31 March
2004 2003
RMB'000 RMB'000
Continuing Operations 22,675 34,715
Discontinued Operations 0 0
-------- --------
Total 22,675 34,715
======== ========
Turnover of continuing operations comprised the followings:
For the three months ended 31 March
2004 2003
RMB'000 RMB'000
Conversion engineering income 22,459 31,192
Sale of CFC-free refrigerants 216 3,523
-------- --------
Total 22,675 34,715
======== ========
2) Profit from continuing operations and discontinued operations
For the three months ended 31 March
2004 2003
RMB'000 RMB'000
Continuing Operations 3,171 5,781
Discontinued Operations 0 0
-------- --------
Total 3,171 5,781
======== ========
3) Earnings per share ("EPS")
The calculation of the basic earnings per share for the three
months ended 31 March 2004 is based on the unaudited net profits
of RMB1,460,000 (2003: RMB4,103,000) and on the weighted average
of 1,000,000,000 shares in issue throughout the period.
No diluted EPS for the three months ended 31 March 2004 has been
presented as the exercise price of the Company's option was higher
than the average market price per shares.
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