JH AUTO SAFETY<08293> - Results Announcement (Q1, 2006, Summary)
Jinheng Automotive Safety Technology Holdings Limited announced on 08/05/2006
(stock codes: 08293)
Year end date :31/12/2006
Currency :HKD
Auditors' report :N/A
1st 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 01/01/2006 from 01/01/2005
to 31/03/2006 to 31/03/2005
$'000 $'000
Turnover : 65,253 40,875
Profit/(Loss) from Operations : 9,284 7,602
Finance cost : (854) (656)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : 399 (39)
Profit/(Loss) after Taxation & MI : 8,007 7,153
% Change Over the Last Period : +11.94%
EPS / (LPS)
Basic (in dollar) : HKD 0.021 HKD 0.0188
Diluted (in dollar) : HKD 0.0207 HKD 0.0184
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 8,007 7,153
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st 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
Jinheng Automotive Safety Technology Holdings Limited
Signature :
Name : Victor Foo
Title : Authorised Representative
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
This quarterly report has been prepared in accordance with the
applicable disclosure requirements of the GEM Listing Rules.
The accounting policies adopted in the preparation of this quarterly
report are consistent with those adopted by the Group in the 2005
annual financial statements.
This quarterly report contains consolidated financial results and
selected explanatory notes. The notes include an explanation of events
and transactions that are significant to an understanding of the changes
in financial position and performance of the Group since the 2005
annual financial statements. This consolidated quarterly financial
results and notes thereon do not include all of the information
required for full set of financial statements prepared in accordance
with Hong Kong Financial Report Standards ("HKFRSs") issued by the
Hong Kong Institute of Certified Public Accountants ("HKICPA").
The financial information relating to the financial year ended
31 December 2005 included in this quarterly report as being
previously reported information does not constitute the Company's
statutory financial statements for that financial year but is derived
from those financial statements. Statutory financial statements for the
year ended 31 December 2005 are available from the Company's
registered office. The auditors have expressed an unqualified opinion
on those financial statements in their report dated 24 March 2006.
2. Earnings per share
(a) Basic earnings per share
The calculation of basic earnings per share is based on the profit
attributable to ordinary equity shareholders of the Company for
the three months ended 31 March 2006 HK$8,007,312
(three months ended 31 March 2005: HK$7,152,670) and the weighted
average of 381,152,000 (three months ended 31 March 2005: 381,000,000)
ordinary shares in issue during the period.
(b) Diluted earnings per share
The calculation of diluted earnings per share is based on the profit
attributable to ordinary equity shareholders of the Company for the
three months ended 31 March 2006 HK$8,007,312 (three months ended
31 March 2005: HK$7,152,670) and the weighted average number of
387,455,916 (three months ended 31 March 2005: 388,024,242)
ordinary shares.
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