SINO STRIDE TEC<08177> - Results Announcement (Q1, 2006, Summary) Sino Stride Technology (Holdings) Limited announced on 11/05/2006: (stock code: 08177 ) Year end date :31/12/2006 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 $'000 $'000 Turnover : 51,993 44,717 Profit/(Loss) from Operations : 1,848 1,984 Finance cost : (1,291) (996) Share of Profit/(Loss) of Associates : (19) (246) Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 219 475 % Change Over the Last Period : -53.89% EPS / (LPS) Basic (in dollar) : RMB 0.0002 RMB 0.0004 Diluted (in dollar) : RMB 0.0002 RMB 0.0004 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 219 475 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 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. 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 unaudited consolidated results 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 approved by the International Accounting Standards Committee that remain in effect and the disclosure requirements of the Hong Kong Companies Ordinance. 2. Dividends The Board does not recommend the payment of any interim dividend for the three month ended 31 March 2006 (2005: Nil). 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 RMB219,000 (2005: RMB475,000) and the weighted average of 1,086,300,000 (2005: 1,086,300,000) ordinary shares in issue during the period. Diluted Diluted earnings per share equals basic earnings per share because there were no potential dilutive ordinary shares outstanding during the three months ended 31 March 2006 and 2005. |