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3SBio Inc. Earnings Release 2000

Feb 22, 2001

49981_rns_2001-02-22_8a41e629-e779-4d1f-bae1-787615d02e98.htm

Earnings Release

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Listed Company Information

HKCB BANK<0655> - Results Announcement

The HKCB Bank Holding Company Limited announced on 22/2/2001:
(stock code: 655)
Year end date: 31/12/2000
Currency: HK$ (Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/2000 from 1/1/1999
to 31/12/2000 to 31/12/1999
('000) ('000)
Turnover : 1,082,269 726,799
Profit/(Loss) from Operations : 376,799 69,745
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : 3,367 (4,349)
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 361,827 40,446
% Change over Last Period : +794.6%
EPS/(LPS)-Basic : 26.8 cents 3.0 cents
-Diluted : 26.8 cents 3.0 cents
Extraordinary (ETD) Gain/(Loss) : - -
Profit/(Loss) after ETD Items : 361,827 40,446
Final Dividend per Share : 6.25 cents Nil
(Specify if with other options) : - -
B/C Dates for Final Dividend : 25/4/2001 to 3/5/2001 bdi.
Payable Date : 16/5/2001
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A

Remarks:

1. Profit for the year

Included in profit for the year ended 31 December 2000 are the following
significant items:

(a) a profit of approximately HK$188.6 million arising from the disposal
of investment in CRC Protective Life Insurance Company Limited, a former
associate which was 50% owned by the Group; and

(b) a profit of approximately HK$72.0 million arising from the disposal of
the Group's investment in the listed shares of the Hong Kong Exchanges and
Clearing Limited ("HKEx"). As part of the Group's securities and
commodity brokerage businesses, the Group held seats in the Stock Exchange
of Hong Kong and the Hong Kong Futures Exchange. In accordance with the
schemes of demutualisation and merger of these exchanges implemented
during the year, the Group was given trading rights in these exchanges as
well as listed shares in HKEx in exchange for the exchange seats it
previously held. The listed shares in HKEx were disposed of during the
year, as a result of which the above-mentioned profit arose.

2. Basis of calculation for earnings per share

The calculation of earnings per share is based on the profit attributable
to shareholders for the year of HK$361,827,000 (1999: HK$40,446,000).

The basic earnings per share is calculated on the basis of the weighted
average number of 1,350,754,000 shares (1999: 1,346,584,000 shares) in
issue during the year, while the diluted earnings per share is calculated
on the basis of the weighted average number of 1,350,899,000 shares (1999:
1,347,296,000 shares) outstanding during the year after adjusting for the
effects of all dilutive potential shares.