SINO STRIDE TEC<08177> - Results Announcement (Final, 2005, Summary)
Sino Stride Technology (Holdings) Limited announced on 28/03/2006:
(stock code: 08177 )
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 : 265,846 293,134
Profit/(Loss) from Operations : 15,179 32,920
Finance cost : (4,697) (3,860)
Share of Profit/(Loss) of Associates : (191) 84
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 9,314 22,943
% Change Over the Last Period : -59.40%
EPS / (LPS)
Basic (in dollar) : RMB 0.009 RMB 0.021
Diluted (in dollar) : RMB 0.009 RMB 0.021
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 9,314 22,943
Final Dividends per Share : NIL HK$0.8 cents
(specify if with other options) : N/A N/A
B/C Dates for Final 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.
Responsibilites 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 inquireies, 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 responsiblitiy 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, (2001 Second Revision)
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 in the Mainland
of the PRC and the HKSAR.
The audited financial statements 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 that remain in
effect and the disclosure requirements of the Hong
Kong Companies Ordinance.
2. Dividends
2005 2004
RMB'000 RMB'000
Dividend declared and paid 9,212 13,790
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On 6 June 2005, the Company declared and the
shareholders approved a final dividend of HK0.8 cents
per ordinary share, amounting to approximately RMB
9,212,000 to be paid out of share premium at the
2004 Annual General Meeting.
The Directors do not recommend the payment of any dividends
for the year ended 31 December 2005.
3. Earnings per share
Basic
The calculation of basic earnings per share
is based on the net profit attributable to
equity holders of the partent of RMB9,314,000
(2004: RMB22,943,000) and the weighted average
of 1,086,300,000 (2004: 1,084,671,000) ordinary shares
in issue during the year.
Diluted
The calculation of diluted earnings per share for 2004 is based on
the net profit for the year attributable to ordinary equity
holders of the parent of RMB22,943,000 and the weighted average
of 1,085,356,000 ordinary shares, after adjusting for the effects
of all potential dilutive ordinary shares during the year.
The diluted earnings per share for 2005 is the same as basic
earnings per share as a result of the cancellation of all
outstanding share options during the year.
The reconciliation of weighted average number of shares used
in the calculations of basic earning per share and diluted earnings
per share is as follows:
2005 2004
Weighted average number of ordinary
shares used in basic earnings per
share calculation 1,086,300,000 1,084,671,000
Weighted average number of ordinary
shares assumed to have been issued
at no consideration on the deemed
exercise of all share options
outstanding during the year - 685,000
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Weighted average nummber of ordinary
shares used in duluted earnings
per share calculation 1,086,300,000 1,085,356,000
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