3SBio Inc. — Earnings Release 1999

Mar 2, 2000

Listed Company Information

HKCB BANK<0655> - Results Announcement The HKCB Bank Holding Company Limited announced on 2/3/2000: (stock code: 655) Year end date: 31/12/1999 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 726,799 914,859 - Discontinued : - - Operating Profit/(Loss) - Continuing : 69,745 (618,043) - Discontinued : - - Total Operating Profit/(Loss) : 69,745 (618,043) Share of Profit/(Loss) of Associated Companies : (4,349) 1,688 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 40,446 (646,413) % Change over Last Period : N/A EPS/(LPS)-Basic : 3.0 cents (48.7 cents) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 40,446 (646,413) Final Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : NONE B/C Dates for Other Distribution : N/A Remarks: 1. Accounting for investments in securities The Group adopted the new SSAP 2.124 "Accounting for Investments in Securities" issued by the HKSA with effect from 1 January 1999, which resulted in a change of accounting policy in respect of certificates of deposit, and securities held for dealing and investment purposes. Debt securities which are intended to be held to maturity are accounted for as "Held-to-maturity securities". Other securities are accounted for using the benchmark treatment. As the amount of resulting adjustments relating to periods prior to 1 January 1999 was considered by the Directors to be immaterial, this change in accounting policy was not applied retrospectively in the financial year 1998. Consequently, the opening retained profits/distributable reserves for 1999 were not restated. However, comparative figures in the consolidated profit and loss account for the year ended 31 December 1998 were reclassified to conform with the presentation required under this change in accounting policy. 2. Earnings/(loss) per share The calculation of earnings/(loss) per share is based on the profit attributable to shareholders for the year of HK$40,446,000 (1998: loss of HK$646,413,000) and on the weighted average number of 1,346,584,000 shares (1998: 1,326,738,000 shares) outstanding during the year.