Maoyan Entertainment — Earnings Release 2002

Apr 1, 2003

Listed Company Information

CHINA UNICOM<00762> - Results Announcement (Summary) China Unicom Limited announced on 1/4/2003: (stock code: 00762 ) Year end date: 31/12/2002 Currency: RMB Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2002 from 1/1/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 40,576,525 29,392,886 Profit/(Loss) from Operations : 7,777,607 7,380,154 Finance cost : (1,474,441) (1,917,566) 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 : 4,566,072 4,456,761 % Change over Last Period : +2.5 % EPS/(LPS)-Basic (in dollars) : 0.36 0.36 -Diluted (in dollars) : 0.36 0.36 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 4,566,072 4,456,761 Final Dividend : RMB 0.10 NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 7/5/2003 to 9/5/2003 bdi. Payable Date : 5/6/2003 B/C Dates for Annual General Meeting : 7/5/2003 to 9/5/2003 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) Profit from operations Profit from operations is arrived at by adding back the finance costs to the profit before taxation and is shown below: For the year ended For the year ended 31 December 2002 31 December 2001 ----------------- ------------------ Profit before taxation 6,303,166 5,462,588 Finance costs 1,474,441 1,917,566 ---------- ----------- Profit from operations 7,777,607 7,380,154 ========= ========== (2) Basic and diluted earnings per share Basic earnings per share for the years ended 31 December 2002 and 2001 was computed by dividing the profit attributable to shareholders of approximately RMB 4,566,072,000 and RMB 4,456,761,000 respectively, by the weighted average number of 12,552,996,070 ordinary shares in issue during the years. Diluted earnings per share for the years ended 31 December 2002 and 2001 was computed by dividing the profit attributable to shareholders by the weighted average number of ordinary shares in issue during the years, after adjusting for the effects of the dilutive potential ordinary shares. During 2002, all potential dilutive shares arose from share options. There was no dilution of earnings per share for both years after taking into account the dilutive effect of the share options. (3) Proposed final dividend The Board of Directors proposed the payment of a final divided of RMB0.10 per ordinary share to the shareholders totaling RMB1,255,299,607 for the year ended 31 December 2002. This proposed dividend is not reflected in as a dividend payable in the financial statements as of 31 December 2002, but will be reflected as an appropriation of retained earnings for the year ending 31 December 2003.