Sun.King Technology Group Limited — Earnings Release 2003

Aug 19, 2003

Listed Company Information

MAANSHAN IRON<00323> - Results Announcement Maanshan Iron & Steel Company Limited announced on 19/08/2003: (stock code: 00323 ) Year end date: 31/12/2003 Currency: RMB Auditors' Report: N/A Review of Interim Report by: Audit Committee (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/01/2003 from 01/01/2002 to 30/06/2003 to 30/06/2002 Note ('000 ) ('000 ) Turnover : 7,061,706 5,154,673 Profit/(Loss) from Operations : 1,149,837 222,396 Finance cost : (42,502) (49,673) 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 : 929,595 140,672 % Change over Last Period : +561 % EPS/(LPS)-Basic (in dollars) : 0.144 0.0218 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 929,595 140,672 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. The calculation of basic earnings per share is based on the net profit from ordinary activities attributable to shareholders for the period of approximately RMB929,595,000 (2002: approximately RMB140,672,000 as restated) and 6,455,300,000 (2002: 6,455,300,000) ordinary shares in issue during the period. No diluted earnings per share is presented as the Company does not have any dilutive potential ordinary shares. 2. The Group has adopted the SSAP 12 (revised) "Income taxes" issued by the Hong Kong Society of Accountants. Due to the adoption of the revised SSAP, the accounting treatment and presentation of certain items and balances in the condensed consolidated interim financial statements have been revised to comply with the new requirements. Accordingly, a prior year adjustment has been made and certain comparative amounts have been restated to conform with the current period's presentation.