Rego Interactive Co., Ltd — Earnings Release 2000

Mar 16, 2001

Listed Company Information

TIANJIN CAPITAL<1065> - Results Announcement Tianjin Capital Environmental Protection Company Limited announced on 16/3/2001: (stock code: 1065) Year end date: 31/12/2000 Currency: RMB (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 31/12/2000 to 31/12/1999 ('000) ('000) Turnover : 3,499,943 2,844,099 Profit/(Loss) from Operations : 401,572 (133,635) Finance cost : (223,657) (229,185) Share of Profit/(Loss) of Associates : 4,658 (868) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 178,091 (364,373) % Change over Last Period : N/A EPS/(LPS)-Basic : RMB0.13 (RMB0.27) -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 178,091 (364,373) Final Dividend per H Share : NIL NIL (Specify if with other options) : - - B/C Dates for Final Dividend : - Payable Date : - B/C Dates for Annual General Meeting : 7/4/2001 to 8/5/2001 bdi. Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) Analysis of the Group's turnover and profit after taxation by principal activities is as follows: 2000 1999 --------------------------------------- ------- Discontinued Continuing Chemical Group Chemical New Business Business total Business RMB'000 RMB '000 RMB '000 RMB '000 Turnover 13,662 3,486,281 3,499,943 2,844,099 Cost of sales (2,150) (2,927,810) (2,929,960) (2,593,099) Other revenues 9 71,421 71,430 100,969 Operating expenses (529) (493,452) (493,981) (485,604) --------------------------------------------------------- 10,992 136,440 147,432 (133,635) Finance costs - (223,657) (223,657) (229,185) Share of profit/(loss) of an associated company - 4,658 4,658 (868) -------------------------------------------------------- 10,992 (82,559) (71,567) (363,688) Recovery of certain assets at gross value (remark 2) - 254,140 254,140 - ----------------------------------------------------- Profit before taxation 10,992 171,581 182,573 (363,688) Taxation (3,627) (855) (4,482) (685) ------------------------------------------------------ Profit after taxation 7,365 170,726 178,091 (364,373) ======================================================== (2) RECOVERY OF CERTAIN ASSETS AT GROSS VALUE During the year, the Group recovered certain trade debtors, other receivables, loans receivable and investment securities (the "AR Assets") at their gross value upon disposal of the AR Assets to Tianjin Huaze (Group) Co. Ltd., a State-owned enterprise under the supervisory control of the Tianjin Economic Commision, a department under the administration of Tianjin Municipal Government, at a consideration of Rmb 305.2 million. The net book value of the AR Assets amounted to Rmb 51.1 million. Accordingly, the previous provisions of Rmb 254,140,000 against the AR Assets were reversed. (3) Certain comparative figures have been reclassified to conform with the current year's presentation.