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2006

Results Announcement (Q2, 2006, Summary)

2006-08-11

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.


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