ENRIC HOLDINGS<08289> - Results Announcement (Q3, 2005, Summary)
Enric Energy Equipment Holdings Limited announced on 11/11/2005:
(stock code: 08289 )
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
Unaudited Unaudited
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/09/2005 to 30/09/2004
RMB '000 RMB '000
Turnover : 343,892 163,844
Profit/(Loss) from Operations : 57,550 32,338
Finance cost : (5,432) (4,411)
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 : 50,354 24,428
% Change Over the Last Period : +106.13%
EPS / (LPS)
Basic (in dollar) : RMB 0.189 RMB 0.094
Diluted (in dollar) : RMB 0.189 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 50,354 24,428
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
Enric Energy Equipment Holdings Limited
Signature :
Name : Cheong Siu Fai
Title : Financial Controller
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 and registered in the Cayman Islands
on 28 September 2004 as an exempted company
with limited liability under the Companies Law (Revised)
Chapter 22 (Law 3 of 1961, as consolidated and revised)
of the Cayman Islands. The Company's shares have been listed
on the Growth Enterprise Market ("GEM") of The Stock Exchange
of Hong Kong Limited (the "Stock Exchange") since 18 October 2005
(the "Listing Date").
1.1 Group reorganisation
The companies comprising the Group underwent a group reorganisation
(the "Reorganisation") to rationalise the Group's structure in
the preparation for the listing of the Company's shares
on GEM of the Stock Exchange. The Company became the holding
company of the Group on 26 September 2005. The Group resulting
from the Reorganisation has been regarded as a continuing group.
Accordingly, these unaudited consolidated results of the
Group include the results of the companies now comprising
the Group for the three months and nine months ended
30 September 2004 and 2005 (or where the companies were
incorporated/established, or where the additional interests in
the companies were acquired, at a date later than 1 January 2004,
for the period from the respective dates of
incorporation/establishment and acquisition of the
additional interests in the companies to 30 September 2005) as if
the current group structure had been in existence throughout
the three months and nine months ended 30 September 2004 and 2005.
The Directors consider that this basis provides
a more meaningful view of the results of the Group as a whole.
Details of the Reorganisation are set out in the prospectus
(the "Prospectus") issued by the Company dated 10 October 2005.
2. Earnings per share
The calculation of basic earnings per share is based on
the Group's profit attributable to equity holders of the
Company for the three months and nine months
ended 30 September 2005 and 2004 and on the weighted average
number of ordinary shares for the three months and
nine months ended 30 September 2005 and 2004.
The calculation of diluted earnings per share is based
on the Group's profit attributable to equity holders
of the Company for the three months and nine months
ended 30 September 2005 and on the weighted average number
of ordinary shares for the three months and nine
months ended 30 September 2005 and taking into account of the
dilutive effect of the number of shares issuable under
the Pre-IPO Share Option Plan adopted by the Company
on 26 September 2005. Diluted earnings per share for the
corresponding periods of 2004 are not presented
as there were no dilutive potential
ordinary shares in existence during these periods.
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