Kingwell Group Limited — Earnings Release 2005

Mar 23, 2005

Listed Company Information

Listed Company Information
SINOTRONICS<01195> - Results Announcement Sinotronics Holdings Limited announced on 23/03/2005: (stock code: 01195 ) Year end date: 30/06/2005 Currency: RMB Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/07/2004 from 01/07/2003 to 31/12/2004 to 31/12/2003 Note ('000 ) ('000 ) Turnover : 159,121 129,265 Profit/(Loss) from Operations : 57,838 47,950 Finance cost : (3,467) (1,166) Share of Profit/(Loss) of Associates : 1,124 2,864 Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : 42,599 41,409 % Change over Last Period : +2.87 % EPS/(LPS)-Basic (in dollars) : 0.0911 0.1017 -Diluted (in dollars) : 0.0911 0.1015 Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : 42,599 41,409 Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A 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. BASIS OF PREPARATION The unaudited interim financial statements have been prepared in accordance with Statement of Standard Accounting Practice No. 25 "Interim financial reporting" issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirement of Appendix 16 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. The accounting policies and methods of computation used in the preparation of the interim financial statements are the same as those used in the annual financial statements for the year ended 30 June 2004. 2 EARNINGS PER SHARE (a) Basic earnings per share The calculation of the basic earnings per share for the six months ended 31 December 2004 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB42,599,000 (2003: RMB41,409,000) and the weighted average number of 467,625,000 (2003: 407, 362,705) ordinary shares in issue during the period. (b) Diluted earnings per share The calculation of diluted earnings per share for the six months ended 31 December 2004 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB42,599,000 (2003: RMB41,409,000) and the weighted average number of 467,652,015 (2003: 408,108,838) ordinary shares after adjusting for the effect of all dilutive potential ordinary shares.