ZHENGZHOU GAS<08099> - Results Announcement
Zhengzhou Gas Company Limited announced on 10/11/2005:
(stock code: 08099 )
Year end date: 31/12/2005
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/09/2005 to 30/09/2004
Note ('000 ) ('000 )
Turnover 2 : 431,624 310,863
Profit/(Loss) from Operations : 91,697 71,944
Finance cost : 0 0
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI 3 : 70,213 49,270
% Change over Last Period : +42.51 %
EPS/(LPS)-Basic (in dollars) 4 : 0.0561 0.0394
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 70,213 49,270
3rd Quarter Dividend 5 : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
3rd Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Zhengzhou Gas Company Limited
Name : Yan Guoqi
Title : Chairman
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
The Company was incorporated as a joint stock limited company in
the People's Republic of China (the "PRC") on 18 December 2000.
The overseas listed shares with a nominal value of RMB0.10 each
(the "H Shares") in the registered share capital of the Company
were listed on the Growth Enterprise Market of The Stock Exchange
of Hong Kong Limited since 29 October 2002.
The financial statements have been prepared in accordance with
International Financial Reporting Standards ("IFRS") approved
by the International Accounting Standards Board and
interpretations issued by the Standing Interpretations Committee
of the International Accounting Standard Committee, the disclosure
requirements of the Hong Kong Companies Ordinance and the Rules
governing the Listing of Securities on the GEM. They have been
prepared on the historical cost basis.
2.Turnover
Nine months ended 30 Sept
2005 2004
RMB'000 RMB'000
Natural gas 289,816 191,778
LPG 3,217 0
Gas appliances and pressure control
equipment 4,089 5,828
Gas pipelines:
-Construction of gas pipelines 113,886 96,314
-Repairs and maintenance of gas pipelines 25,537 20,761
Others 38 72
---------- ----------
436,583 314,753
Less: Business tax and
government surcharges (4,959) (3,890)
---------- ---------
Turnover 431,624 310,863
========== =========
3.Income tax expenses
No provision for Hong Kong profits tax has been made as none of the
Group's income was arising in or derived from Hong Kong for the nine
months ended 30 Sept., 2005 ("the Relevant Period"). The PRC income
tax of the Company has been provided at the applicable income tax
rate in accordance with the relevant tax laws and regulations in the
PRC.
Nine months ended 30 Sept.
2005 2004
RMB'000 RMB'000
Provision for income tax
for the Relevant Period:
-Current 5,250 13,425
-Deferred 4,250 3,007
---------- ---------
Tax expenses of the period 9,500 16,432
========== ========
4.Earnings per share
Basic earnings per share for the Relevant Period is computed by
dividing net profit attributable to shareholders of approximately
RMB70,213,000 (2004: approximately RMB49,270,000) by the weighted
average number of 1,251,500,000 ordinary shares (2004:1,251,500,000
ordinary shares) in issue during the Relevant Period.
Diluted earnings per share for the nine months ended 30 September
2004 and 2005 have not been calculated because there were no
potential dilutive ordinary shares outstanding during the nine
months ended 30 September 2004 and 2005.
5.Dividend
The Board does not recommend the payment of any dividend for the
nine months ended 30 September 2005.
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