SINO STRIDE TEC<08177> - Results Announcement (Q3, 2005, Summary) Sino Stride Technology (Holdings) Limited announced on 11 November 2005: (stock code: 08177 ) Year end date :31/12/2005 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 (Unudited) (Unudited) Current Last Corresponding Period Period from 01/01/2005 from 01/01/2004 to 30/09/2005 to 30/09/2004 $'000 $'000 Turnover : 180,408 184,898 Profit/(Loss) from Operations : 11,545 14,286 Finance cost : (3,282) (2,819) Share of Profit/(Loss) of Associates : (288) (211) Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 7,239 9,126 % Change Over the Last Period : -20.68% EPS / (LPS) Basic (in dollar) : RMB 0.0067 RMB 0.0084 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 7,239 9,126 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 : 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 any interim dividend for the nine months ended 30 September 2005 (2004: Nil). 3. Earnings per share Basic The calculation of basic earnings per share for the three months and nine months periods ended 30 September 2005 is based on the net profit attributable to shareholders of RMB3,069,000 and RMB7,239,000 (2004: RMB4,293,000 and RMB9,126,000) and the number of 1,086,300,000 ordinay shares in issue for the three months and nine months ended 30 September 2005 (2004: 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). Diluted 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. |