[HENGYUAN] QoQ Annualized Quarter Result on 30-Jun-2003 [#2]

Announcement Date
26-Aug-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Jun-2003 [#2]
Profit Trend
QoQ- -77.42%
YoY- -41.73%
Quarter Report
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Annualized Quarter Result
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Revenue 6,109,864 5,496,898 5,398,962 5,397,514 5,737,624 4,458,227 4,173,354 28.90%
PBT 548,616 249,624 186,396 85,782 355,624 197,964 152,612 134.48%
Tax -58,768 -67,340 -21,957 -11,692 -27,556 -45,031 -45,533 18.52%
NP 489,848 182,284 164,438 74,090 328,068 152,933 107,078 175.32%
-
NP to SH 489,848 182,284 164,438 74,090 328,068 152,933 107,078 175.32%
-
Tax Rate 10.71% 26.98% 11.78% 13.63% 7.75% 22.75% 29.84% -
Total Cost 5,620,016 5,314,614 5,234,524 5,323,424 5,409,556 4,305,294 4,066,276 24.05%
-
Net Worth 1,123,488 1,001,062 955,792 869,285 946,797 861,920 798,710 25.51%
Dividend
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Div - 75,001 - - - 53,997 - -
Div Payout % - 41.15% - - - 35.31% - -
Equity
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Net Worth 1,123,488 1,001,062 955,792 869,285 946,797 861,920 798,710 25.51%
NOSH 300,004 300,006 299,997 299,919 299,970 299,986 299,996 0.00%
Ratio Analysis
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
NP Margin 8.02% 3.32% 3.05% 1.37% 5.72% 3.43% 2.57% -
ROE 43.60% 18.21% 17.20% 8.52% 34.65% 17.74% 13.41% -
Per Share
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 2,036.59 1,832.26 1,799.67 1,799.66 1,912.73 1,486.14 1,391.14 28.90%
EPS 163.28 60.76 54.81 24.70 109.36 50.98 35.69 175.33%
DPS 0.00 25.00 0.00 0.00 0.00 18.00 0.00 -
NAPS 3.7449 3.3368 3.186 2.8984 3.1563 2.8732 2.6624 25.51%
Adjusted Per Share Value based on latest NOSH - 300,020
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 2,036.83 1,832.49 1,799.84 1,799.36 1,912.74 1,486.23 1,391.26 28.90%
EPS 163.30 60.77 54.82 24.70 109.37 50.98 35.70 175.30%
DPS 0.00 25.00 0.00 0.00 0.00 18.00 0.00 -
NAPS 3.7453 3.3372 3.1863 2.8979 3.1563 2.8734 2.6626 25.51%
Price Multiplier on Financial Quarter End Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 -
Price 6.15 4.46 4.04 4.14 3.40 3.80 3.50 -
P/RPS 0.30 0.24 0.22 0.23 0.18 0.26 0.25 12.91%
P/EPS 3.77 7.34 7.37 16.76 3.11 7.45 9.81 -47.11%
EY 26.55 13.62 13.57 5.97 32.17 13.42 10.20 89.11%
DY 0.00 5.61 0.00 0.00 0.00 4.74 0.00 -
P/NAPS 1.64 1.34 1.27 1.43 1.08 1.32 1.31 16.14%
Price Multiplier on Announcement Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 11/05/04 17/02/04 18/11/03 26/08/03 28/05/03 24/02/03 18/11/02 -
Price 6.15 4.50 4.20 4.38 3.88 3.26 3.44 -
P/RPS 0.30 0.25 0.23 0.24 0.20 0.22 0.25 12.91%
P/EPS 3.77 7.41 7.66 17.73 3.55 6.39 9.64 -46.49%
EY 26.55 13.50 13.05 5.64 28.19 15.64 10.38 86.92%
DY 0.00 5.56 0.00 0.00 0.00 5.52 0.00 -
P/NAPS 1.64 1.35 1.32 1.51 1.23 1.13 1.29 17.33%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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