SHANDONG MOLONG<08261> - Results Announcement (Q2, 2004, Summary) Shandong Molong Petroleum Machinery Company Limited announced on 09/08/2004: (stock code: 08261 ) Year end date :31/12/2004 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 1/1/2004 from 1/1/2003 to 30/6/2004 to 30/6/2003 $000 $000 Turnover : 215,706 140,640 Profit/(Loss) from Operations : 41,412 29,326 Finance cost : (2,573) (2,493) 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 : 25,060 17,221 % Change Over the Last Period : +45.52% EPS / (LPS) Basic (in dollar) : RMB 0.054 RMB 0.043 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : 25,060 17,221 2nd Quarter Dividends per Share : RMB 0.02 N/A (specify if with other options) : N/A N/A B/C Dates for 2nd Quarter Dividends :28/08/2004 to 27/09/2004 bdi. Payable Date : 08/10/2004 B/C Dates for Special General Meeting :28/08/2004 to 27/09/2004 bdi. Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A (bdi: both days inclusive) For and on behalf of Shandong Molong Petroleum Machinery Company Limited Signature : Name : Yiu Cho Yan 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. 1. Basis of preparation The Company was incorporated as a joint stock company with limited liability in the Peopleˇs Republic of China (the ¨PRC〃) on 30 December 2001 and its H shares were listed on the GEM (the ¨Listing〃) on 15 April 2004. The above results were prepared on the basis that the existing Companyˇs structure had been in place throughout the period from 1 January 2003 to 30 June 2004. The interim financial statements have been prepared in accordance with the Statements of Standard Accounting Practice ("SSAPs") 25 "Interim financial reporting" issued by the Hong Kong Society of Accountants and the disclosure requirements as set out in Chapter 18 of the Rules Governing the Listing of the Securities on GEM of the Stock Exchange. The principal accounting policies used in the preparation of the unaudited results are consistent with those used in the preparation of the Companys annual financial statements for the year ended 31 December 2003. 2. Earning per share The calculation of the basic earnings per shared is based on the profit attributable to shareholders of approximately RMB 13,288,000 and RMB 25,060,000 for the three months and six months ended 30 June 2004 ( 2003: RMB 8,180,000 and RMB 17,221,000) and on the weighted average number of approximately 462,114,000 (2003: 405,000,000) shares in issue during the period. Diluted earnings per share is not presented for the three months and six months ended 30 June 2004 and 2003 as there were no potential dilutive securities in existence during the relevant periods. |