3SBio Inc. — Earnings Release 2002

Sep 23, 2002

Listed Company Information

HK CHINESE LTD<00655> - Results Announcement (Summary) Hongkong Chinese Limited announced on 23/9/2002: (stock code: 655) Year end date: 31/12/2002 Currency: HK$ Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 30/6/2002 to 30/6/2001 ('000) ('000) (restated) Turnover : 148,576 452,538 Profit/(Loss) from Operations : (9,698) 139,391 Finance cost : (2,173) (10,008) Share of Profit/(Loss) of Associates : 283 317 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (11,710) 123,180 % Change over Last Period : N/A EPS/(LPS)-Basic : (0.87 cent) 9.11 cents -Diluted : N/A 9.11 cents Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (11,710) 123,180 Interim Dividend per Share/Distribution per Share : 1.5 cents 1.5 cents (Specify if with other options) : N/A N/A B/C Dates for Interim Dividend & Distribution : 9/10/2002 to 16/10/2002 bdi. Payable Date : 22/10/2002 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. Basis of preparation and principal accounting policies Following the disposal of The Hongkong Chinese Bank, Limited and its subsidiaries, the Group no longer follows the disclosure requirements as set out in the Supervisory Policy Manual "Financial Disclosure by Locally Incorporated Authorized Institutions" issued by the Hong Kong Monetary Authority. The disposal was completed on 17th January, 2002. Accordingly, interest income was not separately shown on the face of the profit and loss account. Turnover of the Group is newly defined as set out in Remark 2. This change resulted in the restatement of the Group's profit and loss account to conform with the current period's presentation. Accordingly, the comparative figures of turnover, profit/(loss) from operations and finance cost have been restated as compared to the results announcement form for last period submitted previously. 2. Turnover Turnover represents the aggregate of gross income on treasury investment which includes interest income on bank deposits and held-to-maturity securities, gross proceeds from sales of investments, gross income from underwriting and securities broking, interest income from money lending business, gross income from fund management, gross premiums from insurance business, dividend income and net interest income, commissions, dealing income and other revenues from banking subsidiaries. 3. Basic earnings/(loss) per share Basic earnings/(loss) per share is calculated based on (i) the net loss from ordinary activities attributable to shareholders of HK$11,710,000 (2001 - profit of HK$123,180,000), and (ii) the number of 1,351,537,000 shares (2001 - 1,351,537,000 shares) in issue during the period. No diluted loss per share is presented for the period ended 30th June, 2002 as there were no dilutive potential ordinary shares. The diluted earnings per share for the period ended 30th June, 2001 was calculated based on (i) the net profit from ordinary activities attributable to shareholders of HK$123,180,000 and (ii) the adjusted weighted average number of 1,351,706,000 shares after taking into account the weighted average number of 169,000 ordinary shares which are deemed to have been issued at no consideration on exercise of the share options at the beginning of the period.