HAITIAN ANTENNA<08227> - Results Announcement (Q3, 2003, Summary)
Xi'an Haitian Antenna Technologies Co., Ltd. announced on 14/11/2003:
(stock code: 08227)
Year end date :31/12/2003
Currency :RMB
Auditors' report :N/A
Review of 3rd Quarterly Report 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 1/1/2003 from 1/1/2002
to 30/9/2003 to 30/9/2002
RMB'000 RMB'000
Turnover : 152,871 89,791
Profit/(Loss) from Operations : 32,377 20,753
Finance cost : 3,963 2,921
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 : 22,705 13,740
% Change Over the Last Period : +65.25%
EPS / (LPS)
Basic (in dollar) : RMB 0.045 RMB 0.027
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 22,705 13,740
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly 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
For and on behalf of
Xi'an Haitian Antenna Technologies Co., Ltd.
Signature :
Name : Professor Xiao Liangyong
Title :Executive Dirctor and 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 predecessor of the Company, Xi¡¦an Haitian Communications
Equipment Company Limited, was established on 13 October 1999
as a limited liability company in the People¡¦s Republic
of China (the ¡§PRC¡¨) and was transformed into the Company, a joint
stock company with limited liability incorporated in the PRC, on 11
October 2000. The Company¡¦s H shares were listed on the GEM on
5 November 2003, details of which are set out in the prospectus of
the Company dated 24 October 2003.
The financial statements of the Company have been prepared
in accordance with accounting principles generally accepted in
Hong Kong and the disclosure requirements of the Rules Governing
the Listing of Securities on GEM.
2. Turnover
Turnover represents the amounts received and receivable
for goods sold exclusive of value added taxes, less returns
and allowance to third party during the period.
As sale of telecommunication products is the only reportable
business segment of the Company and the operations of the Company
are mainly carried out in the PRC. No segment information is presented.
3. Earnings per share
The calculation of the Company¡¦s basic earnings per share for the
nine months ended 30 September 2003 is based on the Company's
unaudited profit of approximately RMB22,705,000
(approximately RMB 13,740,000 in 2002)
and 500,000,000 shares in issue
No diluted earnings per share were presented as there was no potential
dilutive securities in existence during the periods.