SINO STRIDE TEC<08177> - Results Announcement (Q1, 2005, Summary)
Sino Stride Technology (Holdings) Limited announced on 11 May 2005:
(stock code: 08177 )
Year end date :31/12/2005
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
(Unudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/3/2005 to 31/3/2004
$'000 $'000
Turnover : 44,717 38,838
Profit/(Loss) from Operations : 1,984 3,708
Finance cost : (996) (915)
Share of Profit/(Loss) of Associates : (246) (16)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 475 2,250
% Change Over the Last Period : -78.89%
EPS / (LPS)
Basic (in dollar) : RMB 0.0004 RMB 0.002
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 475 2,250
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
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 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 approved by
the International Accounting Standards Committee that remain in effect
and the disclosure requirements of the Hong Kong Companies Ordinance.
2. Dividends
The Board does not recommend the payment of an interim dividend for
the three months ended 31 March 2005 (2004: Nil).
3. Earnings per share
Basic
The calculation of basic earnings per share
is based on the net profit attributable to
shareholders for the three months ended of RMB475,000
(2004: RMB2,250,000) and the weighted average
of 1,086,300,000 (2004: 1,084,090,000) ordinary shares
in issue during the period.
Diluted
Diluted earnings per share equals basic earnings per share
because there were no potential dilutive ordinary shares outstanding
during the three months ended 31 March 2005 and 2004.
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