HAITIAN ANTENNA<08227> - Results Announcement (Q3, 2005, Summary)
Xi'an Haitian Antenna Technologies Co., Ltd.*
(* for identification purpose only) announced on 11/11/2005:
(stock code: 08227 )
Year end date :31/12/2005
Currency :RMB
Auditors' report :N/A
3rd 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
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/09/2005 to 30/09/2004
RMB'000 RMB'000
Turnover : 114,682 138,677
Profit/(Loss) from Operations : 6,715 10,520
Finance cost : (6,137) (3,744)
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 : 619 5,419
% Change Over the Last Period : -88.58%
EPS / (LPS)
Basic (in dollar) : RMB 0.001 RMB 0.008
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 619 5,419
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
These unaudited consolidated financial results have been prepared
in accordance with the accounting principles generally accepted
in Hong Kong and the accounting standards issued by the Hong Kong
Institute of Certified Public Accountants ("HKICPA").
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 used in the unaudited consolidated
financial results are consistent with those used in the annual
financial statements for the year ended 31 December 2004 except
that the Group has changed certain of its accounting policies
following its adoption of new Hong Kong Financial Reporting
Standards ("HKFRSs") and Hong Kong Accounting Standards and
Interpretations (hereinafter collectively referred to as
"new HKFRSs") issued by HKICPA that are effective for
accounting periods commencing on or after 1 January 2005.
The adoption of the new HKFRSs has had no material effect on
how the results for the current or prior accounting periods
are prepared and presented, and accordingly, no prior period
adjustment has been required.
3. DIVIDEND
At a meeting held on 9 August 2005, the Board declared an
interim dividend of RMB0.015 per share of the Company for
the year ending 31 December 2005 (2004: nil) to the
shareholders of the Company.
The Board does not recommend the payment of a dividend for
the three months ended 30 September 2005 (2004: nil).
4. BASIC EARNINGS PER SHARE
The calculation of the basic earnings per share is based on
the unaudited net profit for the three months and the nine
months ended 30 September 2005 of approximately RMB10,056,000
and RMB619,000 respectively (unaudited net profit for the three
months and nine months ended 30 September 2004: approximately
RMB23,000 and RMB5,419,000 respectively) divided by the number
of 647,058,824 shares in issue (2004: 647,058,824 shares).
No diluted earnings per share have been presented because
there is no potential ordinary share outstanding during either
period.