Yunkang Group Limited — Earnings Release 2004

Feb 18, 2004

Listed Company Information

LEGEND GROUP<00992> - Results Announcement (Summary) Legend Group Limited announced on 18/02/2004: (stock code: 00992 ) Year end date: 31/03/2004 Currency: HKD Auditors' Report: N/A (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2003 from 01/04/2002 to 31/12/2003 to 31/12/2002 Note ('000 ) ('000 ) Turnover : 18,141,421 15,967,638 Profit/(Loss) from Operations : 864,233 865,777 Finance cost : (391) N/A Share of Profit/(Loss) of Associates : 16,311 18,195 Share of Profit/(Loss) of Jointly Controlled Entities : (39,053) (33,777) Profit/(Loss) after Tax & MI : 864,569 842,059 % Change over Last Period : +2.67 % EPS/(LPS)-Basic (in dollars) : 0.1157 0.1122 -Diluted (in dollars) : 0.115 0.112 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 864,569 842,059 3rd Quarter Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for 3rd Quarter 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 The Directors are responsible for the preparation of Legend Group Limited and its subsidiaries' (the "Group") unaudited quarterly financials. These unaudited quarterly financials have been prepared in accordance with Statement of Standard Accounting Practice ("SSAP") No. 25 "Interim Financial Reporting" issued by the Hong Kong Society of Accountants ("HKSA"). These condensed accounts should be read in conjunction with the audited accounts for the year ended 31 March 2003. 2. Principal accounting policies The principal accounting policies and methods of calculations used in the preparation of these unaudited quarterly financials are consistent with those used in the annual accounts for the year ended 31 March 2003 except that the Group has changed an accounting policy following its adoption of SSAP 12 "Income taxes" issued by the HKSA which is effective for accounting periods commencing on or after 1 January 2003. 3. Earnings per share The calculation of basic and diluted earnings per share is based on the following data: 9 months ended 9 months ended 31 December 2003 31 December 2002 (unaudited) (unaudited) Earnings for the purposes of basic and diluted earnings per share (HK$'000) 864,569 842,059 ======= ======= Weighted average number of shares for the purposes of basic earnings per share 7,470,040,523 7,505,805,541 Effect of potential dilutive shares 45,116,374 11,423,220 ------------------------------------- Weighted average number of shares for the purposes of diluted earnings per share 7,515,156,897 7,517,228,761 ===================================== 4. Turnover, revenue and segment information Primary reporting format-geographical segments (i) For the nine months ended 31 Dec 2003: People's Republic of China ("PRC") Others Total (unaudited) (unaudited) (unaudited) HK$'000 HK$'000 HK$'000 Profit and loss account Turnover 17,909,571 231,850 18,141,421 =========================================== Segment operating results 783,844 (19,767) 764,077 ========================= Gains on disposal of investments 51,377 - 51,377 Amortisation of intangible assets (25,488) - (25,488) Finance income 74,267 Finance costs (391) ----------- Contribution to operating profit 863,842 Share of losses of jointly controlled entities (39,053) - (39,053) Share of profits of associated companies 16,311 - 16,311 ----------- Profit before taxation 841,100 Taxation 1,747 ----------- Profit after taxation 842,847 Minority interests 21,722 ----------- Profit attributable to shareholders 864,569 ========= (ii) For the nine months ended 31 Dec 2002: PRC Others Total (unaudited) (unaudited) (unaudited) HK$'000 HK$'000 HK$'000 Profit and loss account Turnover 15,588,208 379,430 15,967,638 =========================================== Segment operating results 809,634 5,081 814,715 ======================= Gains on disposal of investments 6,287 - 6,287 Amortisation of intangible assets (9,964) - (9,964) Finance income 54,739 Finance costs - --------- Contribution to operating profit 865,777 Share of losses of jointly controlled entities (33,777) - (33,777) Share of profits of associated companies 18,195 - 18,195 -------- Profit before taxation 850,195 Taxation (16,699) --------- Profit after taxation 833,496 Minority interests 8,563 --------- Profit attributable to shareholders 842,059 ========= Secondary reporting format-business segments (i) For the nine months ended 31 Dec 2003: Contribution to Turnover operating profit (unaudited) (unaudited) HK$'000 HK$'000 Corporate IT business 9,555,984 619,165 Consumer IT business 6,068,837 359,625 Handheld device business 1,432,363 (61,984) IT service business 402,687 (29,210) Contract manufacturing business 681,550 (57,000) Gains on disposal of investments - 51,377 Amortisation of goodwill - (18,131) ------------------------- 18,141,421 863,842 ========================== (ii) For the nine months ended 31 Dec 2002: Contribution to Turnover operating profit (unaudited) (unaudited) HK$'000 HK$'000 Corporate IT business 8,711,700 599,606 Consumer IT business 5,297,473 260,609 Handheld device business 1,109,721 28,844 IT service business 119,869 (40,567) Contract manufacturing business 728,875 15,301 Gains on disposal of investments - 6,287 Amortisation of goodwill - (4,303) ---------------------------- 15,967,638 865,777 =============================