JH AUTO SAFETY<08293> - Results Announcement (Q2, 2006, Summary) (Revised)
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 : 17,426 15,528
% Change Over the Last Period : +12.22%
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 : 17,426 15,528
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 Companyˇ¦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.
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