HAITIAN ANTENNA<08227> - Results Announcement (Q2, 2005, Summary)
Xi'an Haitian Antenna Technologies Co., Ltd.* (* for identification
purpose only) announced on 09/08/2005:
(stock code: 08227 )
Year end date :31/12/2005
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
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2005 from 01/01/2004
to 30/06/2005 to 30/06/2004
RMB'000 RMB'000
Turnover : 64,207 92,400
Profit/(Loss) from Operations : (5,078) 8,406
Finance cost : (4,329) (1,655)
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 : (9,437) 5,396
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : RMB (0.015) RMB 0.008
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (9,437) 5,396
2nd Quarter Dividends per Share : RMB 0.015 NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarter Dividends :29/08/2005 to 02/09/2005 bdi.
Payable Date : 28/10/2005
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 Group is principally engaged in the research and development, manufacture
and sale of base station antenna and related products.
This unaudited condensed consolidated financial statements have been prepared
in accordance with Hong Kong Accounting Standard ("HKAS") 34 "Interim Financial
Reporting" 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 condensed consolidated financial statements
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
HKASs 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
The Board recommends the payment of an interim dividend of RMB0.015 per share for the
year ending 31 December 2005 (2004: nil) to the shareholders of the Company whose names
appear in the register of members on 29 August 2005.
4. BASIC EARNINGS (LOSS) PER SHARE
The calculation of the basic earnings (loss) per share is based on the unaudited net
profit
of approximately RMB930,000 for the three months ended 30 June 2005 and net loss of
approximately RMB9,437,000 for the six months ended 30 June 2005 (unaudited net profit
for
the three months and six months ended 30 June 2004: approximately RMB8,858,000 and
RMB5,396,000 respectively) divided by the number of 647,058,824 shares in issue
(2004: 647,058,824 shares).
No diluted earnings (loss) per share have been presented because there is no potential
ordinary share outstandingduring either period.