Netjoy Holdings Limited — Earnings Release 2003

Mar 16, 2004

Listed Company Information

HUANENG POWER<00902> - Results Announcement Huaneng Power International Inc. announced on 16/3/2004: (stock code: 00902 ) Year end date: 31/12/2003 Currency: RMB Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 23,388,237 18,474,469 Profit/(Loss) from Operations : 7,148,981 5,662,317 Finance cost : (597,329) (593,280) Share of Profit/(Loss) of Associates : 212,091 (11,145) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 5,430,408 3,921,004 % Change over Last Period : +38.5 % EPS/(LPS)-Basic (in dollars) : 0.9 0.65 -Diluted (in dollars) : 0.9 0.65 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 5,430,408 3,921,004 Final Dividend : RMB 0.50 RMB 0.34 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 11/4/2004 to 10/5/2004 bdi. Payable Date : 30/6/2004 B/C Dates for Annual General Meeting : 11/4/2004 to 10/5/2004 bdi. Other Distribution for : Please see Remarks 2, 3 and 4 Current Period B/C Dates for Other Distribution : 11/4/2004 to 10/5/2004 bdi. Remarks: 1) Earnings Per Share The calculation of earnings per share is based on the net profit for the year attributable to shareholders of approximately Rmb5,430 million and the weighted average number of approximately 6,019 million ordinary shares in issue during the year. On a diluted basis both net profit for the year attributable to shareholders and weighted average number of ordinary shares outstanding were adjusted on the assumption that the convertible notes has been fully converted at the beginning of the year. Such adjusted net profit and weighted average number of ordinary shares were approximately Rmb5,433 million and 6,028 million ordinary shares, respectively. 2) Dividend and other distribution On 16th March 2004, the Board of Directors proposed a cash dividend of Rmb0.5 per share, totaling approximately Rmb3,014 million, together with an issue of bonus shares on the basis of 5 bonus shares for every 10 existing ordinary shares. This proposal is subject to the approval of the shareholders at the annual general meeting. 3) Conversion of additional paid-in capital and statutory surplus reserve fund In addition to the dividend and other distribution mentioned in Remark 2 above, on 16th March 2004, the Board of Directors further proposed to convert part of the additional paid-in capital and statutory surplus reserve fund into the share capital by issuing new shares to its shareholders on the basis of 5 new shares for every 10 existing ordinary shares (three of which from additional paid-in capital and two of which from statutory surplus reserve fund). This proposal is subject to the approval of the shareholders at the annual general meeting. 4) Upon the approval of the shareholders on the above proposals , every 10 existing ordinary shares of the Company will be entitled to receive Rmb5 cash dividend and 10 new ordinary shares of the Company.