SUNSHINE<08276> - Results Announcement (Q2, 2006, Summary)
Century Sunshine Ecological Technology Holdings Limited announced on 14/08/2006:
(stock code: 08276 )
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 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
$'000 $'000
Turnover : 132,919 62,934
Profit/(Loss) from Operations : 54,425 24,085
Finance cost : (247) (537)
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 : 48,362 20,480
% Change Over the Last Period : +136.14%
EPS / (LPS)
Basic (in dollar) : RMB 0.121 RMB 0.064
Diluted (in dollar) : RMB 0.116 RMB 0.062
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 48,362 20,480
2nd Quarter Dividends per Share : HK$0.02 HK$0.015
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarter Dividends :28/08/2006 to 30/08/2006 bdi.
Payable Date : 15/09/2006
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 interim accounts are prepared in
accordance with Hong Kong Accounting Standard (¡§HKAS¡¨) 34 ¡§Interim
Financial Reporting¡¨ issued by the Hong Kong Institute of Certified
Public Accountants (¡§HKICPA¡¨) and 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 consistent with those
adopted in preparing the 2005 annual accounts 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 condensed consolidated interim accounts are unaudited but have been
reviewed by the audit committee of the Board (the ¡§Audit Committee¡¨).
The unaudited condensed consolidated interim accounts should be read in
conjunction with the 2005 annual report.
2. Sales represents sale of organic fertilizers and bio-pesticides.
3. Dividend
At the meeting held on 14 August 2006, the Board recommends a payment
of interim dividend of HK$0.02 per share for the year ending
31 December 2006 (2005: HK$0.015 per share) to the shareholders of
the Company whose name appear in the register of members on
30 August 2006 and payable on or about 15 September 2006. This
dividend is not reflected as a dividend payable in the unaudited
condensed consolidated accounts, but will be reflected as an
appropriation of retained earnings for the year ending 31 December 2006.
4. Earnings per share
The calculation of the Group's basic and diluted
earnings per share for the six monhts ended 30 June 2006
is based on the consolidated profit attributable to the
equity holders of the Company of RMB48,362,000 (2005: RMB20,480,000).
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 six months ended 30 June 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 six months ended 30 June 2006
plus the weighted average of 19,491,000 (2005: 11,184,000)
shares deemed to be issued at no consideration if all
outstanding options had been exercised.
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