JH AUTO SAFETY<08293> - Results Announcement (Q2, 2006, Summary) Jinheng Automotive Safety Technology Holdings Limited announced on 10/08/2006: (stock code: 08293 ) Year end date :31/12/2006 Currency :HKD Auditors' report :N/A 2nd 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 30/06/2006 to 30/06/2005 $'000 $'000 Turnover : 140,460 94,630 Profit/(Loss) from Operations : 22,698 16,629 Finance cost : (2,753) (1,193) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entites : 1,335 15 Profit/(Loss) after Taxation & MI : 9,419 8,030 % Change Over the Last Period : +17.30% EPS / (LPS) Basic (in dollar) : HKD 0.0455 HKD 0.0408 Diluted (in dollar) : HKD 0.0449 HKD 0.04 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 9,419 8,030 2nd Quarter Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 2nd 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 : Authorized 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 preparation This interim report has been prepared in accordance with the applicable disclosure requirements of the GEM Listing Rules, including compliance with Hong Kong Accounting Standard ("HKAS") 34, Interim Financial Reporting, issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). The accounting policies adopted in the preparation of this interim report are consistent with those adopted by the Group in the 2005 annual financial statements. This interim financial 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 interim 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 HKICPA. The financial information relating to the financial year ended 31 December 2005 included in this interim financial 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 for each of the three months and six months ended 30 June 2006 are calculated based on the profit attributable to ordinary equity shareholders of the Company HK$9,418,578 and HK$17,425,890 respectively (for each of the three months and six months ended 30 June 2005: HK$8,030,130 and HK$15,527,800 respectively) and the weighted average of 383,368,177 and 383,368,177 (for each of the three months and six months ended 30 June 2005: 381,000,000 and 381,000,000 respectively) ordinary shares respectively in issue during the period. (b) Diluted earnings per share The calculation of diluted earnings per share for each of the three months and six months ended 30 June 2006 are calculated based on the profit attributable to ordinary equity shareholders of the Company HK$9,418,578 and HK$17,425,890 respectively (for each of the three months and six months ended 30 June 2005: HK$8,030,130 and HK$15,527,800 respectively) and the weighted average of 387,220,591 and 383,354,629 (for each of the three months and six months ended 30 June 2005: 388,313,208 and 388,152,941 respectively) ordinary shares respectively in issue during the period. |