ZHENGZHOU GAS<08099> - Results Announcement Zhengzhou Gas Company Limited announced on 13/11/2006: (stock code: 08099 ) 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 30/09/2006 to 30/09/2005 Note ('000 ) ('000 ) Turnover 2 : 520,593 431,624 Profit/(Loss) from Operations : 101,559 91,697 Finance cost : 0 0 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 3 : 86,526 70,213 % Change over Last Period : +23.23 % EPS/(LPS)-Basic (in dollars) 4 : 0.0691 0.0561 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 86,526 70,213 3rd Quarter Dividend 5 : N/A N/A per Share (Specify if with other : N/A N/A options) B/C Dates for 3rd 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 Zhengzhou Gas Company Limited Name : Yan Guoqi 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 preparation The Company was incorporated as a joint stock limited company in the People's Republic of China (the "PRC") on 18 December 2000. The overseas listed shares with a nominal value of RMB0.10 each (the "H Shares") in the registered share capital of the Company were listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited since 29 October 2002. The financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS") approved by the International Accounting Standards Board and interpretations issued by the Standing Interpretations Committee of the International Accounting Standard Committee, the disclosure requirements of the Hong Kong Companies Ordinance and the Rules governing the Listing of Securities on the GEM. They have been prepared on the historical cost basis. 2.Revenue Nine months ended 30 Sept 2006 2005 RMB'000 RMB'000 Natural gas 343,376 289,816 LPG 0 3,217 Gas appliances and pressure control equipment 4,341 4,089 Gas pipelines: -Construction of gas pipelines 174,998 113,886 -Repairs and maintenance of gas pipelines 3,759 25,537 Others 29 38 ---------- ---------- 526,503 436,583 Less: Business tax and government surcharges (5,910) (4,959) ---------- --------- Revenue 520,593 431,624 ========== ========= 3.Income tax expenses For the nine months ended 30 Sept. 2006 ("the Relevant Period"), the PRC income tax of the Company has been provided at the applicable income tax rate on the assessable profit in accordance with the relevant tax laws and regulations. Nine months ended 30 Sept. 2006 2005 RMB'000 RMB'000 Provision for income tax for the Relevant Period: -Current 7,500 5,250 -Deferred (5,333) 4,250 ---------- --------- Tax expenses of the period 2,167 9,500 ========== ======== 4.Earnings per share Basic earnings per share for the Relevant Period is computed by dividing net profit attributable to shareholders of approximately RMB86,526,000 (2005: approximately RMB70,213,000) by the weighted average number of 1,251,500,000 ordinary shares (2005:1,251,500,000 ordinary shares) in issue during the Relevant Period. Diluted earnings per share for the nine months ended 30 September 2005 and 2006 have not been calculated because there were no potential dilutive ordinary shares outstanding during the nine months ended 30 September 2005 and 2006. 5.Dividend The Board does not recommend the payment of any dividend for the nine months ended 30 September 2006. |