Shanghai Able Digital Science&Tech Co., Ltd. — Earnings Release 2002

Apr 11, 2003

Listed Company Information

CITIC RESOURCES<01205> - Results Announcement (Summary) CITIC Resources Holdings Limited announced on 11/04/2003: (stock code: 01205 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 24,003 52,753 Profit/(Loss) from Operations : (15,217) (10,220) Finance cost : 0 (24) 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 : (15,217) (10,244) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0056) (0.005) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (15,217) (10,244) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. BASIS OF PREPARATION These financial statements have been prepared in accordance with Hong Kong Statements of Standard Accounting Practice ("SSAP"), accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance. They have been prepared under the historical cost convention. The accounting policies adopted are consistent with those used in the Group's financial statements for the year ended 31 December 2001, except that the following new and revised SSAP are effective for the first time for the current year's financial statements: SSAP 1 (Revised): "Presentation of financial statements" SSAP 11 (Revised): "Foreign currency translation" SSAP 15 (Revised): "Cash flow statements" SSAP 34 : "Employee benefits" 2. LOSS PER SHARE The calculation of the basic loss per share is based on the consolidated net loss attributable to shareholders of the Company for the year of HK$15,217,000 (2001: HK$10,244,000) and the weighted average of 2,738,162,772 (2001: 2,059,726,027) shares in issue during the year. A diluted loss per share amount for the year ended 31 December 2002 has not been presented as the effect of the potential ordinary shares arising from the conversion of the Notes would have been anti-dilutive. A diluted loss per share amount for the year ended 31 December 2001 has not been presented because there were no dilutive events existing during that year.