CHANGCHUNDAXING<08067> - Results Announcement (Q1, 2005, Summary) Changchun Da Xing Pharmaceutical Company Limited announced on 13/05/2005: (stock code: 08067 ) 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 ( unaudited) ( unaudited) Current Last Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/03/2005 to 31/03/2004 RMB'000 RMB'000 Turnover : 18,686 21,521 Profit/(Loss) from Operations : 4,667 10,993 Finance cost : (1,411) (1,127) 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 : 2,922 9,866 % Change Over the Last Period : -70.38% EPS / (LPS) Basic (in dollar) : RMB 0.005 RMB 0.018 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 2,922 9,866 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 Changchun Da Xing Pharmaceutical Company Limited Signature : Name : Yau Wing Yiu Title : Qualified Accountant 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 presentation The Company was incorporated as a joint stock limited company in the People's Republic of China ("PRC") on 27 December 1993 under the provisions of the PRC Company Law. The Company's H shares were listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited on 28 June 2002. The Company is principally engaged in the manufacture and sale of medicine in the PRC. On 17 January 2003, the Company set up a new company in the PRC, Changchun Zhong Da Healthcare Product Company Limited with one of its major shareholders, Changchun Kuancheng Pharmaceutircal Factory. The company is 60% owned by the Company and 40% by Changchun Kuancheng Pharmaceutical Factory. The principal activity of the Company is production of healthcare medication products. 2. Principal accounting policies The principal accounting policies adopted in preparing the audited consolidated results of the Group conform with the accounting principles generally accepted in HK and financial reporting standards issued by the Hong Kong Institute of Certified Public Accountants. 3. Earnings per share The calculation of basic earnings per share is based on the audited profit attributable to shareholders for the three months ended 31 March 2005 of approximately RMB2,922,000 (2004: RMB9,866,000) and on the weighted average number of 561,000,000 shares in issue during the period ended 31 March 2005 (2004: 561,000,000 shares) 4. Dividend The Board does not recommend the payment of a dividend in respect of the three months ended 31 March 2005 (2004:Nil) |