ZHENGZHOU GAS<08099> - Results Announcement Zhengzhou Gas Company Limited announced on 13/03/2006: (stock code: 08099 ) Year end date: 31/12/2005 Currency: RMB Auditors' Report: Unqualified 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 (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2005 from 01/01/2004 to 31/12/2005 to 31/12/2004 Note ('000 ) ('000 ) Turnover 2 : 620,478 470,386 Profit/(Loss) from Operations : 126,310 98,722 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 : 93,400 65,211 % Change over Last Period : +43.23 % EPS/(LPS)-Basic (in dollars) : 0.075 0.052 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 93,400 65,211 Final Dividend : 0.0138RMB 0.016RMB per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 19/04/2006 to 18/05/2006 bdi. Payable Date : 14/06/2006 B/C Dates for Annual General Meeting : 19/04/2006 to 18/05/2006 bdi. 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"), which comprise standards and interpretations approved by the International Accounting Standards Board, and International Accounting Standards ("IAS") and Interpretations of the Standing Interpretations Committee approved by the International Accounting Standard Committee that remain in effect, 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.Revenue and other income 2005 2004 RMB'000 RMB'000 Natural gas 413,606 300,699 LPG 3,216 0 Gas appliances 4,091 5,825 Pressure control equipment 3,414 3,912 Gas pipelines: -Construction of gas pipelines 168,049 133,060 -Repairs and maintenance of gas pipelines 35,721 32,114 Others 50 288 ---------- ---------- 628,147 475,898 Less: Business tax and government surcharges (7,669) (5,512) ---------- --------- Revenue 620,478 470,386 ========== ========= Interest income from bank balances 1,206 596 Rental income 120 280 Government grants 300 0 Divident income fr a long term inv. 28 0 Others 680 268 ---------- --------- Other income 2,334 1,144 ---------- --------- Total revenue 622,812 471,530 ========== ========= 3.Income tax expenses Major components of the Group¡¦s income tax expenses for the year ended 31 December 2005 ("Relevant Period") are as follows: 2005 2004 RMB'000 RMB'000 Group: Current -charge for the year 17,444 25,074 -(overprovision)/underprovision in prior year (297) 114 Deferred (587) (1,375) ---------- --------- Total tax charge for the year 16,560 23,813 ========== ========= 4.Earnings per share Basic earnings per share for the Relevant Period is computed by dividing net profit attributable to shareholders of approximately RMB93,400,000 (2004: approximately RMB65,211,000) by the weighted ave. number of 1,251,500,000 ordinary shares (2004:1,251,500,000 ordinary shares) in issue during the Relevant Period. 5.Dividend The Board recommended the payment of a final dividend of RMB0.0138 per share for the year ended 31 December 2005. |