BEIDA JADE BIRD<08095> - Results Announcement (Q3, 2004, Summary)
Beijing Beida Jade Bird Universal Sci-Tech Company Limited announced on 12/11/2004:
(stock code: 08095 )
Year end date :31/12/2004
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 1/1/2004 from 1/1/2003
to 30/9/2004 to 30/9/2003
$'000 $'000
Turnover : 83,480 135,156
Profit/(Loss) from Operations : 277,969 4,252
Finance cost : (8,294) (9,565)
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 : 272,230 (1,590)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : RMB 0.24 RMB (0.0017)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 272,230 (1,590)
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 : 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, wireless fire alarm systems, application specific
integrated circuits, global positioning system applications, smart
card application systems, remote automatic meter-reading systems and
related products. The Group is also engaged in the sales of computer
products 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.
For the three months ended 30 Sept. \For the nine months ended 30 Sept.
2004 \ 2003 \ 2004 \ 2003
RMB'000 \ RMB'000 \ RMB'000 \ RMB'000
Sales of embedded systems and related products :
17,257 \ 30,835 \ 56,202 \ 72,909
Sales of computer products :
17,514 \ 16,646 \ 26,434 \ 60,554
Provision of total solution services :
233 \ 274 \ 844 \ 1,693
Total turnover :
35,004 \ 47,755 \ 83,480 \ 135,156
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 nine months ended 30 September 2004 (2003 : Nil).
The tax charge of approximately RMB112,000 for the nine months ended
30 September 2004 is the underprovided corporate income tax in
Mainland China for the last financial year.
There was no material unprovided deferred tax for the nine months
ended 30 September 2004 (2003 : Nil).
4. Earnings / (Loss) per share
The calculation of earnings per share of RMB24.00 cents
(2003 : loss per share of RMB0.16 cents) for the nine months ended
30 September 2004 was based on the profit attributable to shareholders
of approximately RMB272,230,000 (2003 : loss attributable to
shareholders of approximately RMB1,590,000) and on the weighted
average number of 1,134,079,000 shares (2003 : 1,008,102,564 shares)
in issue.
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