BEIDA JADE BIRD<08095> - Results Announcement (Q1, 2006, Summary) Beijing Beida Jade Bird Universal Sci-Tech Company Limited announced on 11/5/2006: (stock code: 08095 ) Year end date :31/12/2006 Currency :RMB Auditors' report :N/A 1st Quarterly Report Reviewed by :Audit Committee Important Note : This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com (Unaudited) (Unaudited) Current Last Corresponding Period Period from 01/01/2006 from 01/01/2005 to 31/03/2006 to 31/03/2005 RMB'000 RMB'000 Turnover : 11,172 16,090 Profit/(Loss) from Operations : (10,282) (3,293) Finance cost : (4,264) (3,624) Share of Profit/(Loss) of Associates : (309) N/A Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : (13,422) (5,607) % Change Over the Last Period : N/A EPS / (LPS) Basic (in dollar) : (RMB 0.011) (RMB 0.005) Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit (Loss) after ETD Items : (13,422) (5,607) 1st Quarter Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 1st Quarter Dividends : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : NIL B/C Dates for Other Distribution : N/A (bdi: both days inclusive) For and on behalf of Beijing Beida Jade Bird Universal Sci-Tech Company Limited Signature : Name : Wong Tak Chuen Title : Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading.The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remarks: 1. Principal Activities and Basis of Presentation During the period, the Group was principally engaged in the research, development, manufacturing, marketing and sale of embedded systems, including network security products ("NET"), wireless fire alarm systems ("WFAS"), application specific integrated circuits ("ASIC"), global positioning system application systems ("GPS"), smart card application systems ("IC"), remote automatic meter-reading systems ("RMR") and related products. The Group was also engaged in the sale of computer products ("Computer") and the provision of total solution services through application of its existing embedded system products. These financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards ("HKFRSs") (which also include HKASs and Interpretations) issued by the Hong Kong Institute of Certified Public Accountants, 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, except for equity investments, which have been measured at fair value. These financial statements are presented in Renminbi ("RMB") and all values are rounded to the nearest thousand (RMB'000) except when otherwise indicated. 2. Loss per share The calculation of loss per share of RMB1.1 cents (2005: loss per share of RMB0.5 cents) for the three months ended 31 March 2006 was based on loss attributable to equity holders of the parent of RMB13,422,000 (2005: loss attributable to equity holders of the parent of RMB5,607,000) and on the weighted average number of 1,184,800,000 shares (2005: 1,184,800,000 shares) in issue. |