BEIDA JADE BIRD<08095> - Results Announcement (Q3, 2006, Summary)
Beijing Beida Jade Bird Universal Sci-Tech Company Limited announced on 14/11/2006:
(stock code: 08095 )
Year end date :31/12/2006
Currency :RMB
Auditors' report :N/A
3rd 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 1/1/2006 from 1/1/2005
to 30/9/2006 to 30/9/2005
$'000 $'000
Turnover : 73,238 108,500
Profit/(Loss) from Operations : (21,231) (5,963)
Finance cost : (15,720) (12,495)
Share of Profit/(Loss) of Associates : (1,023) (341)
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (34,595) (13,779)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (RMB 0.0292) (RMB 0.0116)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (34,595) (13,779)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 : Leung Wai Man
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's principal activities remained
unchanged and 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 property
development activities during the period.
The unaudited third quarterly results of the Group have been prepared
in accordance with Hong Kong Financial Reporting Standards
("HKFRSs"), Hong Kong Accounting Standards ("HKASs") and
Interpretations ("INTs") (hereafter collectively referred to as
"HKFRSs") 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
and the Rules Governing the Listing of Securities on GEM of the
Exchange. They have been prepared under the historical cost convention,
except for available-for-sale investments which have been measured
at fair value. The unaudited third quarterly report of the Group are
presented in Renminbi ("RMB") and all values are rounded to the
nearest thousand (RMB'000) except when otherwise indicated.
2. DIVIDEND
The Board does not recommend the payment of an interim dividend
for the nine months ended 30 September 2006 (2005: Nil).
3. Loss per share attributable to ordinary equity
holders of the Company
The calculation of basic loss per share for the three and nine months
ended 30 September 2006 were based on loss attributable to ordinary
equity holders of the Company of RMB11,116,000 and RMB34,595,000
respectively (2005: RMB3,916,000 and RMB13,779,000 respectively)
and on the weighted average number of 1,184,800,000 shares
(2005: 1,184,800,000 shares) in issue respectively.
Diluted loss per share for the three and nine month ended 30
September 2006 have not been calculated because no diluting events
existed during the periods (2005:N/A)
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