SHANDONG MOLONG<08261> - Results Announcement (Q1, 2006, Summary)
Shandong Molong Petroleum Machinery Company Limited announced on 11/05/2006:
(stock code: 08261 )
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 1/1/2006 from 1/1/2005
to 31/3/2006 to 31/3/2005
RMB'000 RMB'000
Turnover : 231,376 158,000
Profit/(Loss) from Operations : 39,316 23,921
Finance cost : (1,461) (1,023)
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 : 24,586 16,704
% Change Over the Last Period : +47.19%
EPS / (LPS)
Basic (in dollar) : RMB 0.038 RMB 0.031
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 24,586 16,704
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
Shandong Molong Petroleum Machinery Company Limited
Signature :
Name : Chan Wing Nang, Billy
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 Company was incorporated as a joint stock company with
limited liability in the People's Republic of China (the "PRC")
on 30 December 2001 and its H shares were listed on the
GEM (the "Listing") on 15 April 2004. On 5 July 2004, the
Company became a Sino Foreign Invested Joint Stock Limited.
The unaudited financial statements of the Group have been prepared
in accordance with Hong Kong Accounting Standard ("HKAS") 34
"Interim Financial Reporting" issued by the Hong Kong Institute
of Certified Public Accountants and the disclosure requirements
of the GEM Listing Rules.
Except that the Group has adopted certain new/revised Hong Kong
Financial Reporting Standards ("New HKFRSs")
which are effective for accounting periods commencing on or
after 1 January 2006, the principal accounting policies
used in the preparation of the unaudited financial statements
are consistent with those used in the preparation of the
Company's annual financial statements for the year ended
31 December 2005.
The Directors consider that the adoption of the New
HKFRSs has no material impact on the accounting policies
of the Group and the methods of computation in the Group's
financial statements.
2. Earnings per share
The calculation of the basic earnings per share is based on
the profit attributable to shareholders of approximately
RMB 24,586,000 for the three months ended 31 March 2006
(2005: RMB 16,704,000) and on the weighted average
number of approximately 647,998,000 (2005: 539,998,000)
shares in issue during the periods.
Diluted earnings per share is not presented for the three months
ended 31 march 2005 and 2006 as there were no potential
dilutive securities in existence during the the relevant periods.
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