CHINA STATE CONSTRUCTION DEVELOPMENT HOLDINGS LIMITED — Earnings Release 2001

Sep 24, 2001

Listed Company Information

UNIVERSAL APPLI<00419> - Results Announcement (Summary) Universal Appliances Limited announced on 21/9/2001: (stock code: 419) Year end date: 31/12/2001 Currency: HKD (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) Turnover : 69,220 62,741 Profit/(Loss) from Operations : (53,979) (192,591) Finance cost : (851) (1,523) Share of Profit/(Loss) of Associates : - (8,818) Share of Profit/(Loss) of Jointly Controlled Entities : (483) (762) Profit/(Loss) after Tax & MI : (41,360) (200,988) % Change over Last Period : N/A EPS/(LPS)-Basic : (1.50 cents) (7.61 cents) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (41,360) (200,988) Interim Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Interim Dividend : - Payable Date : - B/C Dates for (-) General Meeting : - Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: 1. There were no discontinued operations during the period. 2. Operating loss Operating loss is stated after crediting and charging the following: 6 months ended 30 June 2001 2000 HK$'000 HK$'000 Crediting Gain on disposal of investment securities - (59,317) Unrealised holding (gain) / loss on short term investment (4,468) 197,902 Charging Depreciation: Owned fixed assets 6,091 4,423 Leased fixed assets 20 20 Amortisation of goodwill 1,252 1,689 Amortisation of development costs, patents and trademarks 4,322 940 Provision for inventory 4,000 - Provision for doubtful debts 10,149 - ------ ------ 3. Taxation Hong Kong profits tax has not been provided (2000: nil) as the Group did not generate any assessable profits arising in Hong Kong for the period. Overseas profits tax has not been provided (2000: nil) as the foreign subsidiaries did not generate any assessable profits attributable to their operations in their operations in their respective countries of operation or are still exempted from income tax during the year. No deferred tax has been provided for the Company and the Group because there were no significant timing differences at the balance sheet date. 4. Loss per share The calculation of basic loss per share for the period ended 30 June 2001 is based on the net loss attributable to shareholders of HK$41,360,000 (2000: net loss of HK$200,988,000) and the weighted average number of 2,774,293,157 (2000: 2,642,116,509) ordinary shares deemed to have been in issue during the period. There were no dilutive potential ordinary shares in 2000 and 2001 and therefore, no diluted loss per share for the period is shown. 5. Comparative Figures Certain comparative figures have been reclassified to conform to current period's presentation. For more details, please refer to the press announcement today.