Kingwell Group Limited — Earnings Release 2005

Oct 18, 2005

Listed Company Information

Listed Company Information
SINOTRONICS<01195> - Results Announcement (Summary) Sinotronics Holdings Limited announced on 18/10/2005: (stock code: 01195 ) Year end date: 30/06/2005 Currency: RMB Auditors' Report: Unqualified (As restated) (Audited ) (Audited ) Last Current Corresponding Period Period from 01/07/2004 from 01/07/2003 to 30/06/2005 to 30/06/2004 Note ('000 ) ('000 ) Turnover : 369,787 301,255 Profit/(Loss) from Operations : 112,289 107,716 Finance cost : (8,787) (7,043) Share of Profit/(Loss) of Associates : 6,655 2,683 Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) on disposal of Associates : (5,065) N/A Profit/(Loss) after Tax & MI : 80,427 81,214 % Change over Last Period : -0.97 % EPS/(LPS)-Basic (in dollars) : 0.17 0.19 -Diluted (in dollars) : 0.16 0.19 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 80,427 81,214 Final Dividend : HK 3.5 cents HK 3.5 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 19/12/2005 to 23/12/2005 bdi. Payable Date : 20/01/2006 B/C Dates for Annual General Meeting : 19/12/2005 to 23/12/2005 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Statement of Compliance and Basis of Preparation of the Financial Statements These financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards ("HKFRSs" which term collectively include all applicable Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards ("HKAS") and Interpretations) issued by the Hong Kong Institute of Certified Public Accountants (" HKICPA"), accounting principles generally accepted in Hong Kong ("HKGAAP") and the disclosure requirements of the Hong Kong Companies Ordinance. These financial statements also comply with the applicable disclosure provisions of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. A summary of the significant accounting policies adopted by the Group is included in the annual report to be sent to shareholders. 2. Earnings Per Share (a) Basic earnings per share The calculation of basic earnings per share is based on the profit attributable to shareholders of approximately RMB80,427,000 (2004: RMB81,214,000) and the weighted average number of 467,625,000 (2004: 432,977,000) ordinary shares in issue during the year. (b) Diluted earnings per share The calculation of diluted earnings per share is based on the profit attributable to shareholders of approximately RMB79,478,000 as adjusted for interest on convertible bonds of RMB949,000 and the weighted average number of 486,702,000 ordinary shares in issue during the year after adjusting for the effect of all dilutive potential shares. There were no dilutive potential ordinary shares in existence during the year ended 30 June 2004. 3. Early Adoption of HKFRSs Following the early adoption of certain applicable Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants in 2005, certain comparatives previously reported have been restated to conform to the new policies.