[ZHULIAN] QoQ Annualized Quarter Result on 28-Feb-2009 [#1]

Announcement Date
15-Apr-2009
Admission Sponsor
-
Sponsor
-
Financial Year
30-Nov-2009
Quarter
28-Feb-2009 [#1]
Profit Trend
QoQ- -9.79%
YoY- 9.98%
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Annualized Quarter Result
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
Revenue 315,275 304,086 289,278 284,340 303,577 295,718 266,588 11.82%
PBT 102,704 95,404 84,134 89,304 94,993 92,450 77,300 20.83%
Tax -20,647 -18,929 -17,066 -21,928 -20,303 -18,333 -14,330 27.53%
NP 82,057 76,474 67,068 67,376 74,690 74,117 62,970 19.28%
-
NP to SH 82,005 76,446 67,068 67,376 74,690 74,117 62,970 19.23%
-
Tax Rate 20.10% 19.84% 20.28% 24.55% 21.37% 19.83% 18.54% -
Total Cost 233,218 227,612 222,210 216,964 228,887 221,601 203,618 9.46%
-
Net Worth 320,119 305,752 292,318 286,140 279,475 270,797 256,880 15.78%
Dividend
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
Div 48,299 41,397 41,399 41,419 37,948 36,805 34,485 25.15%
Div Payout % 58.90% 54.15% 61.73% 61.48% 50.81% 49.66% 54.76% -
Equity
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
Net Worth 320,119 305,752 292,318 286,140 279,475 270,797 256,880 15.78%
NOSH 344,993 344,975 344,999 345,163 344,988 345,052 344,852 0.02%
Ratio Analysis
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
NP Margin 26.03% 25.15% 23.18% 23.70% 24.60% 25.06% 23.62% -
ROE 25.62% 25.00% 22.94% 23.55% 26.73% 27.37% 24.51% -
Per Share
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
RPS 91.39 88.15 83.85 82.38 88.00 85.70 77.31 11.78%
EPS 23.77 22.16 19.44 19.52 21.65 21.48 18.26 19.20%
DPS 14.00 12.00 12.00 12.00 11.00 10.67 10.00 25.12%
NAPS 0.9279 0.8863 0.8473 0.829 0.8101 0.7848 0.7449 15.75%
Adjusted Per Share Value based on latest NOSH - 345,163
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
RPS 68.67 66.24 63.01 61.94 66.13 64.41 58.07 11.81%
EPS 17.86 16.65 14.61 14.68 16.27 16.14 13.72 19.20%
DPS 10.52 9.02 9.02 9.02 8.27 8.02 7.51 25.16%
NAPS 0.6973 0.666 0.6367 0.6233 0.6088 0.5899 0.5595 15.79%
Price Multiplier on Financial Quarter End Date
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
Date 30/11/09 28/08/09 29/05/09 27/02/09 28/11/08 29/08/08 30/05/08 -
Price 1.53 1.46 1.23 0.97 0.92 0.94 1.03 -
P/RPS 1.67 1.66 1.47 1.18 1.05 1.10 1.33 16.37%
P/EPS 6.44 6.59 6.33 4.97 4.25 4.38 5.64 9.23%
EY 15.54 15.18 15.80 20.12 23.53 22.85 17.73 -8.40%
DY 9.15 8.22 9.76 12.37 11.96 11.35 9.71 -3.87%
P/NAPS 1.65 1.65 1.45 1.17 1.14 1.20 1.38 12.63%
Price Multiplier on Announcement Date
30/11/09 31/08/09 31/05/09 28/02/09 30/11/08 31/08/08 31/05/08 CAGR
Date 20/01/10 14/10/09 15/07/09 15/04/09 21/01/09 15/10/08 16/07/08 -
Price 1.81 1.87 1.45 1.10 0.94 0.90 0.95 -
P/RPS 1.98 2.12 1.73 1.34 1.07 1.05 1.23 37.31%
P/EPS 7.61 8.44 7.46 5.64 4.34 4.19 5.20 28.87%
EY 13.13 11.85 13.41 17.75 23.03 23.87 19.22 -22.41%
DY 7.73 6.42 8.28 10.91 11.70 11.85 10.53 -18.60%
P/NAPS 1.95 2.11 1.71 1.33 1.16 1.15 1.28 32.36%

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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