BEIDA JADE BIRD<08095> - Results Announcement (Q2, 2004, Summary)
Beijing Beida Jade Bird Universal Sci-Tech Company Limited announced on 11/08/2004:
(stock code: 08095 )
Year end date :31/12/2004
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 01/01/2004 from 01/01/2003
to 30/06/2004 to 30/06/2003
$'000 $'000
Turnover : 48,476 87,401
Profit/(Loss) from Operations : 280,509 4,147
Finance cost : (3,806) (5,677)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 277,090 358
% Change Over the Last Period : +77,299.44%
EPS / (LPS)
Basic (in dollar) : RMB 0.25 RMB 0.0004
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 277,090 358
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 Special 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.
1. Principal Activities and Basis of Presentation
The Group is principally engaged in the research, development,
production, marketing and sales 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 is also engaged in the sales of computer products
("Computer") and the provision of total solution services through
application of its existing embedded system products.
The principal accounting policies adopted by the Group conform to
Statements of Standard Accounting Practice issued by the Hong Kong
Society of Accountants and accounting principles generally accepted
in Hong Kong.
2. Turnover
Turnover represents the net invoiced value of goods sold, after
allowances for returns and trade discounts; and the value of services
rendered, net of sales surtaxes. All significant intra-group
transactions have been eliminated on consolidation.
1/4/2004 to\ 1/4/2003 to\ 1/1/2004 to\ 1/1/2003 to
30/6/2004 \ 30/6/2003 \ 30/6/2004 \ 30/6/2003
RMB'000 \ RMB'000 \ RMB'000 \ RMB'000
Sales of embedded systems and related products :
18,224 \ 27,861 \ 38,945 \ 42,074
Sales of computer products :
8,027 \ 12,575 \ 8,920 \ 43,908
Provision of total solution services :
13 \ 1,419 \ 611 \ 1,419
Total turnover :
26,264 \ 41,855 \ 48,476 \ 87,401
3. Taxation
Hong Kong profits tax is charged at the rate of 16% (2003 : 17.5%) on
the estimated assessable profits arising in Hong Kong during the period.
Taxes on profits assessable elsewhere have been calculated at the
rates of tax prevailing in the countries in which the Group operates,
based on existing legislation, interpretations, and practices in respect
thereof. No profits tax or income tax has been provided for the
six months ended 30 June 2004 (2003 : Nil).
There was no material unprovided deferred tax for the six months
ended 30 June 2004 (2003 : Nil).
4. Earnings/(Loss) Per Share
The calculation of earnings per share for the three and six months
ended 30 June 2004 were based on the (loss)/profit attributable to
shareholders of approximately RMB4,330,000 and RMB277,090,000
(2003 :profit attributable to shareholders of approximately
RMB5,184,000 and RMB358,000) and on the weighted average number
of 1,112,879,121 shares and 1,108,439,560 shares in issue,respectively.
Diluted earnings per share amount for the three and six months
ended 30 June 2004 had not been presented as no diluting events
existed at 30 June 2004.
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