CHINA FIRE<08201> - Results Announcement
China Fire Safety Enterprise Group Holdings Limited announced on 14/08/2006:
(stock code: 08201 )
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 : 440,144 304,467
Profit/(Loss) from Operations : 95,855 94,426
Finance cost : (1,083) (243)
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 : 71,039 75,927
% Change over Last Period : -6.4 %
EPS/(LPS)-Basic (in dollars) 3 : 0.0273 0.0349
-Diluted (in dollars) 3 : 0.0271 0.0347
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 71,039 75,927
2nd Quarter Dividend : 0 1 HK cent
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
China Fire Safety Enterprise Group Holdings Limited
Name : Jiang Xiong
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 presentation
The Group's unaudited consolidated results have been prepared in
accordance with the Hong Kong Financial Reporting Standards ("HKFRSs"),
Hong Kong Accounting Standards ("HKASs") and Interpretations issued
by the Hong Kong Institute of Certified Public Accountants
(the "HKICPA"). The accounting policies adopted in preparing the
results for the six months ended 30 June 2006 are consistent with
those in the preparation of the Group's annual financial statements
for the year ended 31 December 2005.
2 Turnover
Turnover represents the aggregate of the value of installation contract
work carried out, the sale proceeds of goods sold and income from
provision of maintenance services during the period, and is analysed
as follows:
(Unaudited)
For the six months
ended 30 June
2006 2005
RMB'000 RMB'000
Revenue from installation contracts 213,208 106,248
Sale of goods 187,605 161,202
Provision of maintenance services 39,331 37,017
------- -------
440,144 304,467
======= =======
3 Earnings per share
The calculation of the basic and diluted earnings per share is based
on the following data:
(Unaudited)
For the six months
ended 30 June
2006 2005
RMB'000 RMB'000
Earnings for the purpose
of basic and diluted
earnings per share
(profit attributable to
equity holders of the
Company) 71,039 75,927
====== ======
бе000 бе000
Weighted average number of
ordinary shares for the
purpose of basic earnings
per share 2,606,613 2,175,381
Effect of dilutive potential
ordinary shares:
Share options 14,687 10,329
--------- ----------
Weighted average number of
ordinary shares for the
purpose of diluted
earnings per share 2,621,300 2,185,710
========= =========
A maximum of 10,000,000 shares of the Company are issuable as a
deferred consideration for the acquisition of a subsidiary in
2004. The shares to be issued are subject to a profit warranty
adjustment in respect of the profits of the subsidiary for the
two years ending 31 December 2006. As the conditions have not been
satisfied at the end of the period, the Company has no dilutive
potential ordinary shares on it as at 30 June 2006.
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