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.
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