Beijing Yunji Technology Co., Ltd. — Earnings Release 2004

Dec 23, 2003

Listed Company Information

CHEONG MING INV<01196> - Results Announcement Cheong Ming Investments Limited announced on 23/12/2003: (stock code: 01196 ) Year end date: 31/3/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 30/9/2003 to 30/9/2002 Note ('000 ) ('000 ) Turnover : 260,185 214,707 Profit/(Loss) from Operations : 24,808 (5,757) Finance cost : (111) (182) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 21,423 (7,043) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.05 (0.017) -Diluted (in dollars) : 0.049 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 21,423 (7,043) Interim Dividend : 1 cent 1 cent per Share (Specify if with other : N/A (with scrip options) option) B/C Dates for Interim Dividend : 2/2/2004 to 4/2/2004 bdi. Payable Date : 11/2/2004 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Certain comparative figures have been reclassified to confirm with the current period's presentation. 2. EARNINGS/(LOSS) PER SHARE : The calculation of basic earnings / ( loss ) per share is based on the Group's unaudited consolidated net profit from ordinary activities attributable to shareholders for the period of HK$21,423,000 ( 2002: net loss from ordinary activities attributable to shareholders of HK$7,043,000 as restated ) and the weighted average of 432,331,061 ordinary shares in issue ( 2002: 417,875,000 ) during the period. The calculation of diluted earnings per share for the period ended 30 September 2003 is based on the Group's unaudited consolidated net profit from ordinary activities attributable to shareholders of HK$21,423,000. The weighted average number of ordinary shares used in the calculation was 432,331,061 ordinary shares in issue as used in basic earnings per share calculation, and the weighted average of 1,008,888 ordinary shares assumed to have been issued at no consideration on the deemed exercise of all share options during the period Diluted loss per share amount for the period ended 30 September 2002 has not been presented because the potential ordinary shares outstanding had an anti-dilutive effect on the basic loss per share for the period. 3. PRIOR YEAR ADJUSTMENT: The accounting policies and basis of preparation are consistent with those followed in the preparation of the Group's most recent published annual financial statements for the year ended 31 March 2003, except that Statements of Standard Accounting Practice ( " SSAPs " ) 12 ( Revised ) " Income taxes " has been adopted for the first time in the preparation of this interim financial statements. The adoption of the SSAP12 ( Revised ) represents a change in accounting policy, which has been applied retrospectively so that certain comparative amounts presented have been restated to conform to the changed policy. As a result, the loss for the six months ended 30 September 2002 has been decreased by HK$235,000 to HK$7,043,000.