Shanghai Able Digital Science&Tech Co., Ltd. — Interim / Quarterly Report 2004

Sep 17, 2004

Listed Company Information

Listed Company Information
CITIC RESOURCES<01205> - Results Announcement CITIC Resources Holdings Limited announced on 17/09/2004: (stock code: 01205 ) Year end date: 31/12/2004 Currency: HKD Auditors' Report: N/A Interim report reviewed by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/1/2004 from 1/1/2003 to 30/6/2004 to 30/6/2003 Note ('000 ) ('000 ) Turnover : 1,135,871 7,116 Profit/(Loss) from Operations : 42,543 (6,427) Finance cost : (12,927) (46) 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 : 3,433 (6,473) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : 0.0009 (0.002) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 3,433 (6,473) Interim Dividend : Nil Nil per Share (Specify if with other : N/A N/A options) B/C Dates for Interim 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 unaudited condensed consolidated interim financial statements have been prepared in accordance with Hong Kong Statements of Standard Accounting Practice 25 "Interim Financial Reporting", accounting principles generally accepted in Hong Kong, the disclosure requirements of the Hong Kong Companies Ordinance and Appendix 16 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). They have been prepared under the historical cost convention, except for the periodic remeasurement of certain assets. The accounting policies adopted are consistent with those used in the Group's audited financial statements for the year ended 31 December 2003. These condensed consolidated interim financial statements are unaudited, but have been reviewed by the audit committee with the management of the Company. 2. PROFIT/(LOSS) FROM OPERATING ACTIVITIES The Group's profit/(loss) from operating activities is arrived at after charging/(crediting): 2004 2003 HK$'000 HK$'000 Cost of inventories sold * 1,067,154 11,408 Depreciation 16,839 5,871 Amortisation of electricity supply agreement in relation to Portland Aluminium Smelter 13,702 - Amortisation of goodwill 2,832 - Minimum lease payments under operating leases on leasehold land and buildings 3,264 1,521 Staff cost (excluding directors' remuneration): wages and salaries 8,202 2,328 pension scheme contributions 675 52 ---------- -------- 8,877 2,380 ========== ======= Loss on disposal of fixed assets, net 3,105 163 Loss/(gain) on foreign exchange, net (3,985) 100 Gain on trading of forward contracts, net(3,299) - ========= ======= * The costs of inventories sold for the Period include the balances of depreciation, which are also disclosed separately above for the Period. 3. EARNINGS/(LOSS) PER SHARE The calculation of the basic earnings/(loss) per share is based on the consolidated net profit attributable to shareholders of the Company for the Period of HK$3,433,000 (June 2003: net loss of HK$6,473,000) and the weighted average of 3,877,588,879 (June 2003: 3,296,470,588) ordinary shares in issue during the Period. A diluted earnings/(loss) per share amount for the six months ended 30 June 2004 and 2003 respectively has not been presented because no dilutive events existed during these periods.