AI assistant
RoboSense Technology Co., Ltd — Earnings Release 2013
Jan 29, 2014
50628_rns_2014-01-29_a2c035b1-4c3c-4851-ba39-fcc960088cb6.pdf
Earnings Release
Open in viewerOpens in your device viewer
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.
==> picture [466 x 187] intentionally omitted <==
ESTIMATED ANNUAL RESULTS OF THE COMPANY FOR THE YEAR 2013
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.
— 1 —
I. ESTIMATED ANNUAL RESULTS FOR THE YEAR 2013
- Period to which the estimated results apply:
From 1 January 2013 to 31 December 2013
- Estimated results:
Based on the preliminary calculation by the finance department of the Company, it is estimated that the Company will incur losses in the operating results for the year 2013. The unaudited net profit attributable to the shareholders of the Company realized will be approximately RMB-80,000,000 to RMB-100,000,000. Details will be fully disclosed in the Company’s annual report of 2013.
- These estimated results have not been audited by the certified public accountants.
II. RESULTS FOR THE CORRESPONDING PERIOD OF 2012 (AUDITED UNDER THE PRC ACCOUNTING STANDARDS)
-
Net profit attributable to the shareholders of the Company: RMB5,093,100
-
Earnings per share: RMB0.0102
III. MAIN REASONS FOR THE ESTIMATED LOSS IN RESULTS
-
(1) During the reporting period, the production cost of glass increased as a result of significant increase in the price of natural gas;
-
(2) The gross profit of ultra-thin glass declined significantly due to more fierce competitions in the market; and
-
(3) The profit of the Company decreased significantly as a result of the loss arising from the suspension of production of production lines pending upgrading and renovation during the reporting period.
— 2 —
IV. OTHER INFORMATION
The above estimated information is preliminary reviewed information only. The 2013 annual results shall be subject to the audit by certified public accountants. For specific and accurate financial information, please refer to the audited and formally disclosed 2013 annual report of the Company. Investors are advised to exercise caution when dealing in the shares of the Company.
By order of the Board Luoyang Glass Company Limited Ma Liyun Chairman
Luoyang, the PRC 29 January 2014
As at the date of this announcement, the Board comprises four executive Directors: Mr. Ma Liyun, Mr. Ni Zhisen, Ms. Sun Lei and Mr. Xie Jun; three non-executive Directors: Mr. Zhang Chengong, Mr. Guo Yimin and Mr. Zhang Chong; and four independent non-executive Directors: Mr. Huang Ping, Mr. Dong Jiachun, Mr. Liu Tianni and Mr. Zeng Shaojin.
— 3 —