3SBio Inc. — Interim / Quarterly Report 2001

Aug 15, 2001

Listed Company Information

HKCB BANK<0655> - Results Announcement (Summary) The HKCB Bank Holding Company Limited announced on 15/8/2001: (stock code: 655) Please refer to the press announcement for the details of the audit committee's review report on the interim financial statement, to be issued by the Company on 16/8/2001. Year end date: 31/12/2001 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 30/6/2001 to 30/6/2000 ('000) ('000) Interest income : 754,258 849,985 Profit from Operations : 129,383 276,026 Finance cost : N/A N/A Share of Profit of Associates : 317 3,159 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit after Tax & MI : 123,180 268,233 % Change over Last Period : -54% EPS/(LPS)-Basic : 9.1 cents 19.9 cents -Diluted : 9.1 cents 19.8 cents Extraordinary (ETD) Gain/(Loss) : - - Profit after ETD Items : 123,180 268,233 Interim Dividend per Share : 1.50 cents 1.75 cents (Specify if with other options) : - - B/C Dates for Interim Dividend : 7/9/2001 to 14/9/2001 bdi. Payable Date : 21/9/2001 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : None B/C Dates for Other Distribution : N/A Remarks: 1. Change in accounting policy A number of new or revised Statements of Standard Accounting Practice ("SSAPs") issued by the Hong Kong Society of Accountants become effective for the first time starting from 1 January 2001. Other than the necessary changes in accounting policies or practices in order to comply with the requirements of the revised SSAP 2.109 "Events after the balance sheet date" as detailed below, the same principal accounting policies as those adopted in preparation of the Group's 2000 annual audited accounts have been applied in preparing the unaudited financial information for the six-month period ended 30 June 2001 underlying this interim results announcement. With effect from 1 January 2001, the Group adopted the revised SSAP 2.109 "Events after the balance sheet date". This results in a change of accounting treatment in respect of proposed dividends. Previously dividends proposed or declared after the balance sheet date but before the related financial statements were authorised for issue were recognised as a liability at the balance sheet date. Pursuant to the revised SSAP 2.109, such dividends will no longer be recognised as a liability until the time when they are actually being declared. This change in accounting treatment is applied retrospectively to the year ended 31 December 2000 and reflected in the comparative figures included in the Group's consolidated accounts as at 30 June 2001. The effect was to reduce the balance of "Other accounts and provisions" in the consolidated balance sheet as at 31 December 2000 by the amount of the proposed final dividend for the year ended 31 December 2000 of HK$84,471,000, and to increase the balance of "Distributable reserves" in the consolidated balance sheet and the Group's net assets as at 31 December 2000 by the same amount. 2. Basis of calculation for earnings per share The calculation of earnings per share is based on the profit attributable to shareholders of HK$123,180,000 for the six-month period ended 30 June 2001 (2000: HK$268,233,000). The basic earnings per share is calculated on the basis of the weighted average number of 1,351,537,000 shares (2000: 1,349,962,000 shares) in issue during the period, while the diluted earnings per share is calculated on the basis of the weighted average number of 1,351,706,000 shares (2000: 1,351,686,000 shares) in issue during the period after adjusting for the effects of all dilutive potential shares.