SHANDONG MOLONG<08261> - Results Announcement (Q2, 2006, Summary)
Shandong Molong Petroleum Machinery Company Limited announced on 11/08/2006:
(stock code: 08261 )
Year end date :31/12/2006
Currency :RMB
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 1/1/2006 from 1/1/2005
to 30/6/2006 to 30/6/2005
RMB'000 RMB'000
Turnover : 443,398 323,866
Profit/(Loss) from Operations : 80,689 51,176
Finance cost : (3,803) (1,677)
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 : 50,424 36,556
% Change Over the Last Period : +37.94%
EPS / (LPS)
Basic (in dollar) : RMB 0.078 RMB 0.064
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 50,424 36,556
2nd Quarter Dividends per Share : RMB 0.015 RMB 0.02
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarter Dividends :To be confirmed
Payable Date :To be confirmed
B/C Dates for Special General Meeting :To be confirmed
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. General information and 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 Financial Reporting Standards
("HKFRSs") (which also include Hong Kong Accounting
Standards ("HKASs") and Interpretations) issued by the Hong
Kong Institute of Certified Public Accountants, accounting
principles generally accepted in Hong Kong and the disclosure
requirements of chapter 18 of the Rules Governing the Listing
of Securities on the Growth Enterprise Market of the Stock
Exchange of Hong Kong Limited (the "Stock Exchange")
(the "GEM Listing Rules").
The principal accounting policies used in the preparation of the
unaudited financial statements are consistent with those used in
the preparation of the Group's annual financial statements for the
year ended 31 December, 2005.
The Group has adopted the following standards that have been
issued and effective for the periods beginning on or after
1 January 2006. The adoption of such standards did not have any
material effect on these financial statements.
HKAS 19 (Amendment) Actuarial Gains or Losses, Group Plans
and Disclosures
HKAS 21 (Amendment) Net Investment in a Foreign Operation
HKAS 39 (Amendment) The Fair Value Option
The Group has not early adopted the following standards that have
been issued but not yet effective. The adoption of such standards
will not result in substantial changes to the Group's accounting
policies.
HKAS 1 (Amendment) Capital Disclosures
HKFRS 7 Financial Instruments - Disclosures
2. Earnings per share
The calculation of the basic earnings per share is based on
the profit attributable to shareholders of approximately
RMB 25,838,000 and RMB 50,424,000 for the three months and
six months ended 30 June 2006 (2005: RMB 19,852,000 and
RMB 36,556,000) and on the weighted average number of
approximately 647,998,000 (2005: 569,832,000) shares in issue
during the period.
Diluted earnings per share is not presented for the three months
and six months ended 30 June 2006 and 2005 as there were
no potential dilutive securities in existence during the
relevant periods.
|