BEIDA JADE BIRD<08095> - Results Announcement (Q2, 2006, Summary)
Beijing Beida Jade Bird Universal Sci-Tech Company Limited announced
on 04/08/2006:
(stock code: 08095 )
Year end date :31/12/2006
Currency :RMB
Auditors' report :N/A
2nd 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 30/06/2006 to 30/06/2005
$'000 $'000
Turnover : 40,835 48,261
Profit/(Loss) from Operations : (16,064) (5,252)
Finance cost : (7,108) (5,936)
Share of Profit/(Loss) of Associates : (659) 0
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (23,479) (9,863)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (RMB 0.0198) (RMB 0.0083)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (23,479) (9,863)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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.
In addition, the Group was also engaged in the property development
activities during the period.
The unaudited financial statements for the six months ended 30 June
2006 of the Group have been prepared in accordance with Hong Kong
Financial Reporting Standards ("HKFRSs") (which also include Hong Kong
Accounting Standards ("HKAS") and Interpretations) issued by the Hong
Kong Institute of Certified Public Accountants ("HKICPA"), accounting
principles generally accepted in Hong Kong and the disclosure
requirements of the Rules Governing the Listing of Securities on the
Growth Enterprises Market of The Stock Exchange of Hong Kong Limited
("GEM Listing Rules"). They have been prepared under 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.
The principal accounting policies used in the preparation of the
unaudited financial statements for the six months ended 30 June 2006
are consistent with those adopted in the preparation of the
consolidated annual financial statements of the Group for the year
ended 31 December 2005.
2. Loss per share attributable to ordinary equity holders of the parent
The calculation of loss per share for the six months ended
30 June 2006 were based on the net loss attributable to ordinary
equity holders of the parent of approximately
RMB 23,479,000 (2005: approximately RMB 9,863,000) and on
1,184,800,000 shares (2005: 1,184,800,000 shares) in issue.
Diluted loss per share amounts for the six months ended 30
June 2006 had not been presented as no diluting events existed at
30 June 2006.
3. Comparative figures
Certain comparative figures have been reclassified to conform
with the current period's presentation.
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