ZHENGZHOU GAS<08099> - Results Announcement
Zhengzhou Gas Company Limited announced on 10/08/2006:
(stock code: 08099 )
Year end date: 31/12/2006
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
Important Note:
This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
Note ('000 ) ('000 )
Turnover 2 : 359,489 307,460
Profit/(Loss) from Operations : 72,780 69,211
Finance cost : 0 0
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI 3 : 57,749 52,458
% Change over Last Period : +10.09 %
EPS/(LPS)-Basic (in dollars) 4 : 0.0461 0.0419
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 57,749 52,458
2nd Quarter Dividend : N/A N/A
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
2nd Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
For and on behalf of
Zhengzhou Gas Company Limited
Name : Yan Guoqi
Title : Chairman
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 limited company in
the People's Republic of China (the "PRC") on 18 December 2000.
The overseas listed shares with a nominal value of RMB0.10 each
(the "H Shares") in the registered share capital of the Company
were listed on the Growth Enterprise Market of The Stock Exchange
of Hong Kong Limited (the "GEM") since 29 October 2002.
The condensed consolidated financial statements have been prepared
in accordance with the applicable disclosure requirements of
Chapter 18 of the GEM Listing Rules and with International
Financial Reporting Standards ("IFRS") 34 "Interim Financial
Reporting" promulgated by the International Accounting Standards
Board.
The accounting policies and methods used in preparing the condensed
consolidated financial statements are the same as those used in the
financial statements of the Group for the financial year ended 31
December 2005.
2.Revenue
Six months ended 30 June
2006 2005
RMB'000 RMB'000
Natural gas 232,318 205,328
LPG 0 3,217
Gas appliances & pressure control 2,160 3,218
equipment
Gas pipelines:
-Construction of gas pipelines 127,196 79,547
-Repairs and maintenance of gas pipelines 2,062 19,297
Others 20 28
---------- ----------
363,756 310,635
Less: Business tax and
government surcharges (4,267) (3,175)
---------- ----------
Revenue 359,489 307,460
========== =========
3.Income tax expenses
For the six months ended 30 June 2006 ("the Relevant Period"),
the PRC income tax of the Company has been provided at the
applicable income tax rate on the assessable profit in
accordance with the relevant tax laws and regulations.
Six months ended 30 June
2006 2005
RMB'000 RMB'000
Provision for income tax in
respect of profit for the period:
-Current 5,853 4,766
-Deferred (3,565) 3,978
---------- ----------
Tax charge for the period 2,288 8,744
========== ==========
4.Earnings per share
The calculation of basic earnings per share is based on the net profit
attributable to shareholders of approximately RMB57,749,000 (2005:
approximately RMB52,458,000) divided by the weighted average number of
1,251,500,000 shares during the Relevant Period (corresponding period
in 2005 was 1,251,500,000 shares).
Diluted earnings per share for the six months ended 30 June 2005 and 30
June 2006 have not been calculated as no diluting events existed during
those periods.
5.Dividend
The Board does not recommend the payment of any interim dividend for the
six months ended 30 June 2006.
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