SUNSHINE<08276> - Results Announcement (Q1, 2006, Summary)
Century Sunshine Ecological Technology Holdings Limited announced on 12/05/2006:
(stock code: 08276 )
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 : 49,820 25,714
Profit/(Loss) from Operations : 19,468 11,160
Finance cost : (228) (141)
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 : 17,038 9,373
% Change Over the Last Period : +81.78%
EPS / (LPS)
Basic (in dollar) : RMB 0.043 RMB 0.029
Diluted (in dollar) : RMB 0.041 RMB 0.029
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 17,038 9,373
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
Century Sunshine Ecological Technology Holdings Limited
Signature :
Name : Shum Sai Chit
Title : Director
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 accounting policies
The unaudited condensed consolidated accounts have been prepared to
comply with the disclosure requirement of the GEM Listing Rules.
Principal accounting policies adopted by the Group in arriving at the
financial information set out in this report are the same as those
adopted in preparing the 2005 annual financial statements except the
adoption of revised Hong Kong Financial Reporting Standards ("HKFRS")
which are effective for accounting periods commencing on or after
1 January 2006. The effect of the newly adopted standard of HKAS 21
Amendment "The Effects of Changes in Foreign Exchange Rates-Net
Investment in a Foreign Operation" is insignificant to the Group's
results.
The Group has not early adopted the following new/revised standards
that have been issued but are not effective. The Group is in the
process of making an assessment of the impact of these new/revised
standards to the Group's results and financial position in the period
of initial adoption.
HKAS 1 Amendment Presentation of Financial Statements: Capital
Disclosures
HKFRS 7 Financial Instruments: Disclosures
The consolidated results are unaudited but have been reviewed
by the audit committee of the Board.
2. Sales represents sale of organic fertilizers and
bio-pesticides.
3. Dividend
The Directors do not recommend the payment of a dividend
for the three months ended 31 March 2006 (2005: Nil).
4. Earnings per share
The calculation of the Group's basic and diluted
earnings per share for the three monhts ended 31 March 2006
is based on the consolidated profit attributable to the
equity holders of the Company of RMB17,038,000 (2005: RMB9,373,000).
The basic earnings per share is based on the weighted
average number of 398,405,000 (2005: 320,000,000)
shares in issue during the three months ended 31 March 2006.
The diluted earnings per share is based on the weighted
average number of 398,405,000 (2005: 320,000,000)
shares in issue during the three months ended 31 March 2006
plus the weighted average of 17,968,000 (2005: 4,233,000)
shares deemed to be issued at no consideration if all
outstanding options had been exercised.
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