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RoboSense Technology Co., Ltd — Earnings Release 2011
Jan 30, 2012
50628_rns_2012-01-30_12efac86-8870-44ff-a793-0b1b9f38ee40.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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ESTIMATED ANNUAL RESULTS OF THE COMPANY FOR THE YEAR 2011
This announcement is made pursuant to the Shanghai Stock Exchange Share Listing Rules and Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
Luoyang Glass Company Limited (the “ Company ”) and all members of the board (the “ Board ”) of directors (the “ Directors ”) of the Company warrant the truthfulness, accuracy and completeness of the contents of this announcement, and accept several and joint responsibilities for any false information, misleading statements or material omissions in this announcement.
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I. ESTIMATED ANNUAL RESULTS FOR THE YEAR 2011
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Period to which From 1 January 2011 to 31 December 2011 the estimated results apply:
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Estimated results:
- Based on the preliminary calculation by the financial department of the Company, it is estimated that the unaudited net profit attributable to the owners of the parent company for the year 2011 will decrease by more than 50% when compared with that of the corresponding period last year. Details will be fully disclosed in the Company’s annual report of 2011.
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These estimated results have not been audited by the certified public accountants.
II. RESULTS FOR THE CORRESPONDING PERIOD OF 2010 (AUDITED UNDER THE PRC ACCOUNTING STANDARDS)
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Net profit attributable to the owners of the parent company: RMB60,787,804.31
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Earnings per share: RMB0.1216
III. REASONS FOR THE DECLINE IN RESULTS
Mainly due to the decline in the glass industry in 2011, there was a reduction in the sale price of glass products. The increase in the price of fuel and raw materials for glass production results in the increase in the costs of products. These result in the decrease in the main operating profit of the Company when compared with that of the corresponding period last year.
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IV. OTHER RELEVANT INFORMATION
The 2011 annual results shall be subject to the audit by certified public accountants. Investors are advised to exercise caution when dealing in the shares of the Company. The Company will disclose details of the operating results for 2011 in its 2011 annual report.
By order of the Board Luoyang Glass Company Limited Song Jianming Chairman
Luoyang, the PRC 30 January 2012
As at the date of this announcement, the Board comprises four executive Directors: Mr. Song Jianming, Mr. Ni Zhisen, Ms. Song Fei and Mr. Cheng Zonghui; three nonexecutive Directors: Mr. Zhao Yuanxiang, Mr. Zhang Chengong and Mr. Guo Yimin; and four independent non-executive Directors: Mr. Zhang Zhanying, Mr. Guo Aimin, Mr. Huang Ping and Mr. Dong Jiachun.
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