SENYUAN INT'L<03333> - Results Announcement
Senyuan International Holdings Limited announced on 21/09/2006:
(stock code: 03333 )
Year end date: 31/12/2006
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(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 : 187,137 166,736
Profit/(Loss) from Operations 1 : 28,404 24,381
Finance cost : (2,313) (2,473)
Share of Profit/(Loss) of
Associates : 122 0
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 23,412 19,721
% Change over Last Period : +18.7 %
EPS/(LPS)-Basic (in dollars) 3 : 0.077 0.065
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 23,412 19,721
Interim Dividend : 0 0
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : 0
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
Notes:
1. Profits from operations
The Group's profit from operating activities is arrived at after charging:
For the six months
ended 30 June
2006 2005
(Unaudited) (Unaudited)
RMB'000 RMB'000
Cost of inventories sold 141,472 131,159
Depreciation 4,207 3,101
Amortisation of prepaid land lease payments 86 86
Auditors' remuneration 0 0
Staff costs (including
Directors' remuneration
note:
Wages,salaries and staff welfare 11,670 8,432
Pension scheme contributions 1,180 992
10,135 8,214
Provision for bad and doubtful debts 0 405
2. Basis of presentation
The Financial Statements have been prepared by adopting a uniting of interests method of
accounting as a result of a group reorganisation, details of which are set out in the
Company's prospectus dated 28 June 2005. Accordingly, the combined income statement
and combined balance sheet of the companies now comprising the Group have been prepared as
if the Group structure as at 31 May 2005 had been in existence from the respective dates of
their incorporation and to the extent of interests held by the Company's shareholder.
All material intra-group transactions and balances have been eliminated on
combination.
3. Earnings per share
The calculation of basic earnings per share for the Iterim Period is based on the net profit
from ordinary activities attributable to shareholders for the Interim Period.
A diluted earnings per share account for each interim period has not been disclosed as no
diluting events existed during each interim period.
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