SUNSHINE<08276> - Results Announcement (Final, 2005, Summary)
Century Sunshine Ecological Technology Holdings Limited announced on 15/03/2006:
(stock code: 08276 )
Year end date :31/12/2005
Currency :RMB
Auditors' report :Unqualified
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
(* Audited) (* Audited)
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 31/12/2005 to 31/12/2004
$'000 $'000
Turnover : 191,003 93,921
Profit/(Loss) from Operations : 77,400 35,551
Finance cost : (1,028) (136)
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 : 71,375 35,461
% Change Over the Last Period : +101.28%
EPS / (LPS)
Basic (in dollar) : RMB 0.2174 RMB 0.1145
Diluted (in dollar) : RMB 0.2086 RMB 0.1144
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 71,375 35,461
Final Dividends per Share : HK$0.035 HK$0.03
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends :25/04/2006 to 28/04/2006 bdi.
Payable Date : 18/05/2006
B/C Dates for Annual General Meeting :25/04/2006 to 28/04/2006 bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Century Sunshine Ecological Technology Holdings Limited
Signature :
Name : Tang Ying Kit
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
The consolidated financial statements of the Company
have been prepared in accordance with Hong Kong
Financial Reporting Standards ("HKFRS"). They have
been prepared under the historical cost convention.
In 2005, the Group adopted the new/revised standards
and interpretation of HKFRS below, which are relevant
to its operations. The 2004 comparatives have been
amended as required, in accordance with the relevant
requirements.
HKAS 1 Presentation of Financial Statements
HKAS 2 Inventories
HKAS 7 Cash Flow Statements
HKAS 8 Accounting Policies, Changes in Accounting
Estimates and Errors
HKAS 10 Events after the Balance Sheet Date
HKAS 16 Property, Plant and Equipment
HKAS 17 Leases
HKAS 21 The Effects of Changes in Foreign Exchange
Rates
HKAS 23 Borrowing Costs
HKAS 24 Related Party Disclosures
HKAS 27 Consolidated and Separate Financial
Statements
HKAS 32 Financial Instruments: Disclosures and
Presentation
HKAS 33 Earnings per Share
HKAS 36 Impairment of Assets
HKAS 38 Intangible Assets
HKAS 39 Financial Instruments: Recognition and
Measurement
HKAS 39 (Amendment) Transition and Initial Recognition
of Financial Assets and Financial Liabilities
HKAS-Int 15 Operating Leases - Incentives
HKFRS 2 Share-based Payments
HKFRS 3 Business Combinations
The accounting policy, which has material impacts on
the Group is HKFRS 2.
The adoption of HKFRS 2 represents a change in
accounting policies, which has been applied
retrospectively. The profit attributable to
the equity holders of the Company for the year
ended 31 December 2004 has been decreased by RMB624,000
in view of the adoption of this new accounting standard.
The adoption of other new HKFRSs does not result in
substantial changes to the Group's accounting policies
except certain presentation and disclosure of the
financial statements would be affected on 2005 annual
report.
2. Turnover represents sale of organic fertilizers and
bio-pesticides.
3. Earnings per share
The calculation of the Group's basic and diluted
earnings per share for the year ended 31 December 2005
is based on the consolidated profit attributable to the
equity holders of the Company of RMB71,375,000 (2004:
RMB35,461,000, as restated).
The basic earnings per share is based on the weighted
average number of 328,301,000 (2004: 309,699,000)
shares in issue during the year ended 31 December 2005.
The diluted earnings per share is based on the weighted
average number of 328,301,000 (2004: 309,699,000)
shares in issue during the year ended 31 December 2005
plus the weighted average of 13,933,000 (2004: 291,000)
shares deemed to be issued at no consideration if all
outstanding options had been exercised.
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