FIH Mobile Limited — Earnings Release 2003

Aug 27, 2003

Listed Company Information

PETROCHINA<00857> - Results Announcement Petrochina Company Limited announced on 27/08/2003: (stock code: 00857 ) Year end date: 31/12/2003 Currency: RMB Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('Million ) ('Million ) Turnover : 147,960 108,143 Profit/(Loss) from Operations : 54,995 30,971 Finance cost : (1,187) (2,047) Share of Profit/(Loss) of Associates : 308 105 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 38,619 19,076 % Change over Last Period : +102.45 % EPS/(LPS)-Basic (in dollars) : 0.22 0.11 -Diluted (in dollars) : 0.22 0.11 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 38,619 19,076 Interim Dividend : RMB 0.098841 RMB 0.050113 per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 11/09/2003 to 16/09/2003bdi. Payable Date : 08/10/2003 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Basic and diluted earnings per share for the six months ended June 30, 2003 have been computed by dividing net profit by the number of 175,824 million shares issued and outstanding for the period. Basic and diluted earnings per share for the six months ended June 30, 2002 have been computed by dividing net profit by the number of 175,824 million shares issued and outstanding for the period. There are no dilutive potential ordinary shares. In accordance with the acquisition agreement between the Company and China National Petroleum Corporation ("CNPC") dated September 26, 2002, the Company acquired from CNPC the assets, liabilities and interests related to CNPC's refined products marketing enterprises comprising primarily of service stations and related facilities for RMB3,200 million. The acquisition price was determined on the basis of independent valuation and appraisals of the assets and liabilities of these marketing enterprises under applicable rules and regulations promulgated in PRC. Of the RMB3,200 million purchase price, RMB430 million was paid in cash, RMB1,124 million was set off against receivables from CNPC, and the remaining balance of RMB1,646 million was included as payables to CNPC at June 30, 2003. The acquisition is a combination of entities under common control since the Company and the CNPC's refined products marketing enterprises are under the common control of CNPC. As a result, the Company has accounted for the acquisition in a manner similar to a uniting of interests, whereby the assets and liabilities of the marketing enterprises acquired are accounted for at historical cost to CNPC (net liabilities of RMB2,956 million and RMB2,516 million at the effective date and at January 1, 2002 respectively). The consolidated financial statements have been restated to give effect to the acquisition with all periods presented as if the operations of the Company and these marketing enterprises have always been combined. The difference between RMB3,200 million paid and the net liabilities transferred from CNPC has been adjusted against equity. The summarised results of operations of the Group and such marketing enterprises as separate entities and on a consolidated basis for the six months ended June 30, 2002 are set out below: PetroChina Marketing Enterprises Consolidated RMB million RMB million RMB million Results of Operations Turnover 107,928 1,171 108,143 Net profit/(loss) 19,579 (503) 19,076 Basic and diluted earnings per share (RMB) 0.11 (0.00) 0.11