Yadea Group Holdings Ltd. — Earnings Release 2002

Oct 21, 2002

Listed Company Information

CHAODA MODERN<00682> - Results Announcement (Summary) Chaoda Modern Agriculture (Holdings) Limited announced on 21/10/2002: (stock code: 682) Year end date: 30/6/2002 Currency: RMB Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/7/2001 from 1/7/2000 to 30/6/2002 to 30/6/2001 ('000) ('000) Turnover : 1,152,133 725,546 Profit/(Loss) from Operations : 664,781 444,032 Finance cost : (6,028) (1,588) Share of Profit/(Loss) of Associates : 19,080 N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 621,924 440,821 % Change over Last Period : +41% EPS/(LPS)-Basic : RMB35 cents RMB31 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : 621,924 440,821 Final Dividend per Share : RMB9.529 cents RMB7.738 cents : (HK9.0 cents) (HK7.3 cents) (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : 4/12/2002 to 11/12/2002 bdi. Payable Date : on or before 31/12/2002 B/C Dates for Annual General Meeting : 4/12/2002 to 11/12/2002 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) The financial statements have been prepared under historical cost convention in accordance with accounting principles generally accepted in Hong Kong and comply with Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants. (2) The calculation of the earnings per share is based on the profit attributable to shareholders of RMB621,924,000 (2001: RMB440,821,000) and the weighted average number of 1,793,753,000 (2001: 1,416,986,000) shares in issue during the year. There was no potential dilutive ordinary shares in existence for the years ended 30th June 2002 and 2001, therefore, no diluted earnings per share was presented. (3) An analysis of turnover and profit from continuing operations: Year ended 30th June 2002 Sales of Growing Breeding ancillary and sales and sales of food of crops Livestock products Total RMB'000 RMB'000 RMB'000 RMB'000 Turnover 1,128,253 21,356 2,524 1,152,133 Cost of sales (292,305) (5,982) (1,889) (300,176) ---------- -------- ------- ---------- Gross profit 835,948 15,374 635 851,957 Unallocated items:- Other revenue 19,202 Selling and distribution expenses (104,134) General and administrative expenses (55,238) Research expenses (46,000) Net other operating expenses (1,006) ---------- Operating profit 664,781 ==========