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.
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