SINO STRIDE TEC<08177> - Results Announcement (Q3, 2004, Summary)
Sino Stride Technology (Holdings) Limited announced on 12/11/2004:
(stock code: 08177 )
Year end date :31/12/2004
Currency :RMB
Auditors' report :N/A
3rd 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 30/09/2004 to 30/09/2003
$'000 $'000
Turnover : 184,898 133,663
Profit/(Loss) from Operations : 14,286 21,040
Finance cost : (2,819) (1,901)
Share of Profit/(Loss) of Associates : (211) (474)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 9,126 15,481
% Change Over the Last Period : -41.05%
EPS / (LPS)
Basic (in dollar) : RMB 0.008 RMB 0.014
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 9,126 15,481
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 3 of 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 nine months periods ended 30
September 2004 is based on the net profit attributable to
shareholders of approximately RMB4,293,000
and RMB9,126,000 (2003: RMB11,296,000 and
RMB15,481,000) and the weighted average number of
1,084,186,087 and 1,084,122,145 ordinary shares in issue
for the three months and nine months ended 30 September 2004
respectively (2003:1,084,090,000 ordinary shares).
The share options outstanding as set out under the
heading "SHARE OPTION SCHEME" did not have a material
dilutive effect on the basic earning per share.
3. Interim dividends
The Board does not recommend the payment of an
interim dividend for the nine months ended
30 September 2004 (2003: Nil).
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