SINO STRIDE TEC<08177> - Results Announcement (Final, 2004, Summary)
Sino Stride Technology (Holdings) Limited announced on 29/03/2005:
(stock code: 08177 )
Year end date :31/12/2004
Currency :RMB
Auditors' report :Unqualified
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
(Audited) (Audited)
Current Last Corresponding
Period Period
from 01/01/2004 from 01/01/2003
to 31/12/2004 to 31/12/2003
$'000 $'000
Turnover : 293,134 227,023
Profit/(Loss) from Operations : 32,920 39,864
Finance cost : (3,860) (2,693)
Share of Profit/(Loss) of Associates : 84 (83)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 22,943 31,808
% Change Over the Last Period : -27.87%
EPS / (LPS)
Basic (in dollar) : RMB 0.021 RMB 0.029
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 22,943 31,808
Final Dividends per Share : HK$0.8 cents HK$1.2 cents
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : 01/06/2005 to 06/06/2005 bdi.
Payable Date : 24/06/2005
B/C Dates for Annual General Meeting : 01/06/2005 to 06/06/2005 bdi.
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 : Chow Shu Wing
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 audited financial statements 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 and the disclosure requirements of the Hong
Kong Companies Ordinance.
2. Dividends
2004 2003
RMB'000 RMB'000
Dividend declared and paid 13,790 13,834
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On 7 June 2004, the Company declared and the
shareholders approved a final dividend of HK1.2 cents
per ordinary share, amounting to approximately RMB
13,790,000 in aggregate at the 2003 Annual General
Meeting.
At the meeting held on 29 March 2005, the Directors
recommended the payment of a final dividend of HK
0.8 cents per share for the year ended 31 December 2004
(2003: HK1.2 cents per share). The dividend is not reflected
as dividend payable in the accounts but will be reflected
as an appropriation of retained profits for the year
ending 31 December 2005. Such proposed dividend is
subjected to shareholders' approval at the Annual General
Meeting to be held on 6 June 2005. The dividend will
be payable on or before 24 June 2005 to shareholders
whose names appear on the register of members of
the Company on 6 June 2005.
3. Earnings per share
Basic
The calculation of basic earnings per share
is based on the net profit attributable to
shareholders for the year of RMB22,943,000
(2003: RMB31,808,000) and the weighted average
of 1,084,671,000 (2003: 1,084,090,000) ordinary shares
in issue during the year.
Diluted
The calculation of diluted earnings per share is based
on the net profit attributable to shareholders for the
year of RMB22,943,000 (2003: RMB31,808,000) and the
weighted average of 1,085,356,000 (2003: 1,084,090,000)
ordinary shares, after adjusting for the effect of all
dilutive potential ordinary shares during the year.
The reconciliation of weighted average number of shares used
in the calculations of the basic earning per share and diluted
earnings per share is as follows
2004 2003
Weighted average number of ordinary
shares used in basic earnings per
share calculation 1,084,671,000 1,084,090,000
Weighted average number of ordinary
shares assumed to have been issued
at no consideration on the deemed
exercise of all share options
outstanding during the year 685,000 -
--------------- ----------------
Weighted average nummber of ordinary
shares used in duluted earnings
per share calculation 1,085,356,000 1,084,090,000
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