JH AUTO SAFETY<08293> - Results Announcement (Q3, 2006, Summary)
Jinheng Automotive Safety Technology Holdings Limited announced on 13/11/2006:
(stock code: 08293 )
Year end date :31/12/2006
Currency :HKD
Auditors' report :N/A
3rd 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 30/09/2006 to 30/09/2005
$'000 $'000
Turnover : 215,515 141,740
Profit/(Loss) from Operations : 39,687 23,950
Finance cost : (5,470) (1,912)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : 1,526 (87)
Profit/(Loss) after Taxation & MI : 29,800 22,005
% Change Over the Last Period : +35.42%
EPS / (LPS)
Basic (in dollar) : HKD 0.0776 HKD 0.0578
Diluted (in dollar) : HKD 0.0767 HKD 0.0567
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 29,800 22,005
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 quarterly 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 quarterly
report are consistent with those adopted by the Group in the 2005
annual financial statements.
This quarterly 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 quarterly 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 quarterly 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 Company'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 nine months ended 30 September 2006 are based on the profit
attributable to ordinary equity shareholders of the Company
HK$12,374,347 and HK$29,800,237 respectively (for each of the three
months and nine months ended 30 September 2005: HK$6,477,107 and
HK$22,004,907 respectively) and the weighted average of 384,106,813 and
384,106,813 (for each of the three months and nine months ended
30 September 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 nine months ended 30 September 2006 are based on the profit
attributable to ordinary equity shareholders of the Company
HK$12,374,347 and HK$29,800,237 respectively (for each of the three
months and nine months ended 30 September 2005: HK$6,477,107 and
HK$22,004,907 respectively) and the weighted average of 388,005,006
and 388,736,224 (for each of the three months and nine months ended
30 September 2005: 388,152,941 and 388,152,941 respectively)
ordinary shares respectively in issue during the period.
|