HAITIAN ANTENNA<08227> - Results Announcement (Q2, 2006, Summary)
Xi'an Haitian Antenna Technologies Co., Ltd.*
(* for identification purpose only) announced on 11/08/2006:
(stock code: 08227 )
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
(* Un Audited) (* Un Audited)
Current Last Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 30/06/2006 to 30/06/2005
RMB'000 RMB'000
Turnover : 67,454 64,207
Profit/(Loss) from Operations : (18,440) (5,078)
Finance cost : (2,645) (4,329)
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 : (18,853) (9,437)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (RMB 0.029) (RMB 0.015)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (18,853) (9,437)
2nd Quarter Dividends per Share : NIL RMB0.015
(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
Xi'an Haitian Antenna Technologies Co., Ltd.*
(* for identification purpose only)
Signature :
Name : Chow Yuk Lan, Fion
Title : Company Secretary
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 OF FINANCIAL STATEMENTS
The Company and its subsidiaries (the "Group") are principally
engaged in research and development, manufacture and sale of
base station antenna and related products.
This unaudited condensed consolidated financial information has
been prepared in accordance with Hong Kong Accounting Standard
("HKAS") 34 "Interim Financial Reporting" issued by the Hong
Kong Institute of Certified Public Accountants.
The Group's books and records are maintained in Renminbi ("RMB"),
the currency in which the majority of the Group's transactions
is denominated.
2. ACCOUNTING POLICIES
The accounting policies and methods of computation used in
the preparation of this condensed consolidated financial
information are consistent with those used in the annual
financial statements for the year ended 31 December 2005.
3. DIVIDEND
The Board does not recommend the payment of any interim
dividend for the six months ended 30 June 2006 (2005:
RMB0.015 per share).
4. BASIC EARNING (LOSS) PER SHARE
The calculation of the basic earning (loss) per share is based
on the unaudited net loss for the three months and six months
ended 30 June 2006 of approximately RMB9,837,000,and
RMB18,853,000 respectively (three months and six months
ended 30 June 2005: net profit of approximately RMB930,000 and
net loss of approximately RMB9,437,000 respectively) divided by
647,058,824 shares in issue (2005: 647,058,824 shares).
No diluted earning (loss) per share has been presented because
there is no potential ordinary share outstanding during either
period.