SINO STRIDE TEC<08177> - Results Announcement (Q2, 2004, Summary)
Sino Stride Technology (Holdings) Limited announced on 13/08/2004:
(stock code: 08177 )
Year end date :31/12/2004
Currency :RMB
Auditors' report :N/A
2nd 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 30/06/2004 to 30/06/2003
$'000 $'000
Turnover : 117,565 74,489
Profit/(Loss) from Operations : 7,929 6,725
Finance cost : (1,764) (1,069)
Share of Profit/(Loss) of Associates : (5) (248)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 4,833 4,185
% Change Over the Last Period : +15.48%
EPS / (LPS)
Basic (in dollar) : RMB 0.0045 RMB 0.0039
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 4,833 4,185
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
Sino Stride Technology (Holdings) Limited
Signature :
Name : Yim Wai Man
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. Basis of preparation and consolidation
The Company was incorporated in the Cayman Islands
on 12 December 2001 as an exempted limited company
under the Companies Law, Cap 22 (Law 3of 1961, as
consolidated and revised) of the Cayman Islands. The
Company's shares were listed on GEM on 29 July 2002.
The Group is principally engaged in the development and
provision of system integration solutions and software
development in the PRC.
The unaudited consolidated results have been prepared
under the historical cost convention in accordance with
International Financial Reporting Standards ("IFRS"),
which comprise standards and interpretations approved
by the International Accounting Standards Board, and
International Accounting Standards and Interpretations of
the Standing Interpretations Committee that remain in
effect. The accounting policies adopted are consistent
with those followed in the preparation of the Group¡¦s
annual financial statements for the year ended 31
December 2003. These financial statements also
comply with the applicable disclosure provisions of the
GEM Listing Rules.
2. Earnings per share
The calculation of basic earnings per share for the
three months and six months periods ended 30
June 2004 is based on the net profit attributable to
shareholders of approximately RMB2,583,000
and RMB4,833,000 (2003: RMB2,271,000 and
RMB4,185,000) and the number of 1,084,090,000
ordinary shares in issue for the three months and
six months ended 30 June 2004 (2003:
1,084,090,000 ordinary shares).
Diluted earnings per share equals basic earnings
per share because there were no potential dilutive
ordinary shares outstanding during the three
months and six months periods ended 30 June
2004 and 2003.
3. Interim dividends
The Board does not recommend the payment of an
interim dividend for the six months ended 30 June 2004
(2003: Nil).
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