ENRIC HOLDINGS<08289> - Results Announcement (Q1, 2006, Summary)
Enric Energy Equipment Holdings Limited announced on 10 May 2006:
(stock code: 08289 )
Year end date :31 December 2006
Currency :RMB
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
RMB'000 RMB'000
Turnover : 128,313 83,127
Profit/(Loss) from Operations : 18,627 13,554
Finance cost : (2,032) (2,102)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 15,416 10,788
% Change Over the Last Period : +42.90%
EPS / (LPS)
Basic (in dollar) : RMB 0.035 RMB 0.042
Diluted (in dollar) : RMB 0.034 N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 15,416 10,788
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
Enric Energy Equipment Holdings Limited
Signature :
Name : Cheong Siu Fai
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. Reorganisation and basis of preparation
The Company was incorporated in the Cayman Islands
on 28 September 2004 as an exempted company with limited
liability under the Companies Law (Revised), Chapter 22 (Law 3
of 1961, as consolidated and revised) of the Cayman Islands.
Pursuant to a reorganisation (the "Reorganisation") of the
Company and its subsidiaries completed on 26 September 2005
to rationalise the structure of the Group in preparation for
the public listing of its shares on the Growth Enterprise
Market ("GEM") of The Stock Exchange of Hong Kong Limited
(the "Stock Exchange"), the Company became the holding
company of the subsidiaries now comprising the Group.
The Company's shares were listed on GEM on 18 October 2005
(the "Listing Date").
The unaudited consolidated results of the Group for the three
months ended 31 March 2006 comprise the results of the Company
and its subsidiaries for the three months then ended.
The Group is regarded as a continuing entity resulting from
the Reorganisation and therefore the unaudited consolidated
results for the three months ended 31 March 2005 have been
prepared on the basis that the Company was the holding
company of the Group for the corresponding period presented
rather than from 26 September 2005. Accordingly, the unaudited
consolidated results of the Group for the three months ended
31 March 2005 include the results of the Company and its
subsidiaries with effect from 1 January 2005 or where
their respective dates of incorporation/establishment are
at a date later than 1 January 2005, from the respective
dates of incorporation/establishment, as if the current
group structure had been in existence throughout the three
months ended 31 March 2005. In the opinion of the
Directors, the unaudited consolidated results prepared on
this basis present fairly the results of operations of
the Group as a whole.
The Group's unaudited consolidated results have been prepared
in accordance with all applicable Hong Kong Financial
Reporting Standards ("HKFRSs"), which collective term includes
all applicable individual Hong Kong Financial Reporting
Standards, Hong Kong Accounting Standards ("HKASs")
and Interpretations issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"), accounting
principles generally accepted in Hong Kong and the applicable
disclosure provisions of the Rules Governing the Listing of
Securities on GEM (the "GEM Listing Rules"). The measurement
basis used in the preparation of the unaudited consolidated
results is the historical cost basis.
2. Earnings per share
The calculation of basic earnings per share for the three
months ended 31 March 2006 is based on the profit attributable
to ordinary equity shareholders of the Company of RMB15,416,000
and the weighted average number of ordinary shares of
445,200,000 of the Company outstanding during the three
months ended 31 March 2006.
The calculation of basic earnings per share for the three
months ended 31 March 2005 was based on the profit attributable
to ordinary equity shareholders of the Company of RMB10,788,000
and on the ordinary shares of 260,160,000 of the Company
in issue and issuable as at the date of the prospectus
(which is 10 October 2005), as if these shares were outstanding
throughout the three months ended 31 March 2005.
The calculation of diluted earnings per share for the three
months ended 31 March 2006 is based on the profit attributable
to ordinary equity shareholders of the Company of RMB15,416,000
and the weighted average number of ordinary shares of 453,174,921.
There were no dilutive potential ordinary shares in issue
during the three months ended 31 March 2005.
3. Directors
As at the date of this announcement, the executive Directors
of the Company are Mr. Wang Yusuo (Chairman), Mr. Cai Hongqiu,
Mr. Zhao Xiaowen, Mr. Zhou Kexing and Mr. Yu Jianchao,
the non-executive Director is Ms. Zhao Baoju, and the
independent non-executive Directors are Mr. Wong Chun Ho,
Mr. Gao Zhengping and Mr. Shou Binan.
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