[ZHULIAN] QoQ Annualized Quarter Result on 28-Feb-2010 [#1]

Announcement Date
14-Apr-2010
Admission Sponsor
-
Sponsor
-
Financial Year
30-Nov-2010
Quarter
28-Feb-2010 [#1]
Profit Trend
QoQ- 21.6%
YoY- 48.0%
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Annualized Quarter Result
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
Revenue 322,611 316,953 328,494 345,308 315,275 304,086 289,278 7.53%
PBT 105,897 101,433 104,226 126,096 102,704 95,404 84,134 16.55%
Tax -19,225 -18,193 -18,792 -26,892 -20,647 -18,929 -17,066 8.25%
NP 86,672 83,240 85,434 99,204 82,057 76,474 67,068 18.62%
-
NP to SH 87,065 83,701 85,884 99,716 82,005 76,446 67,068 18.98%
-
Tax Rate 18.15% 17.94% 18.03% 21.33% 20.10% 19.84% 20.28% -
Total Cost 235,939 233,713 243,060 246,104 233,218 227,612 222,210 4.07%
-
Net Worth 351,939 341,427 335,395 327,628 320,119 305,752 292,318 13.15%
Dividend
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
Div 55,191 55,187 41,389 41,375 48,299 41,397 41,399 21.10%
Div Payout % 63.39% 65.93% 48.19% 41.49% 58.90% 54.15% 61.73% -
Equity
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
Net Worth 351,939 341,427 335,395 327,628 320,119 305,752 292,318 13.15%
NOSH 459,931 459,897 344,915 344,799 344,993 344,975 344,999 21.10%
Ratio Analysis
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
NP Margin 26.87% 26.26% 26.01% 28.73% 26.03% 25.15% 23.18% -
ROE 24.74% 24.52% 25.61% 30.44% 25.62% 25.00% 22.94% -
Per Share
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
RPS 70.14 68.92 95.24 100.15 91.39 88.15 83.85 -11.21%
EPS 18.93 18.20 24.90 28.92 23.77 22.16 19.44 -1.75%
DPS 12.00 12.00 12.00 12.00 14.00 12.00 12.00 0.00%
NAPS 0.7652 0.7424 0.9724 0.9502 0.9279 0.8863 0.8473 -6.56%
Adjusted Per Share Value based on latest NOSH - 344,799
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
RPS 70.27 69.04 71.55 75.22 68.67 66.24 63.01 7.53%
EPS 18.96 18.23 18.71 21.72 17.86 16.65 14.61 18.95%
DPS 12.02 12.02 9.02 9.01 10.52 9.02 9.02 21.07%
NAPS 0.7666 0.7437 0.7306 0.7136 0.6973 0.666 0.6367 13.16%
Price Multiplier on Financial Quarter End Date
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
Date 30/11/10 30/08/10 31/05/10 25/02/10 30/11/09 28/08/09 29/05/09 -
Price 1.73 1.85 2.44 2.00 1.53 1.46 1.23 -
P/RPS 2.47 2.68 2.56 2.00 1.67 1.66 1.47 41.29%
P/EPS 9.14 10.16 9.80 6.92 6.44 6.59 6.33 27.72%
EY 10.94 9.84 10.20 14.46 15.54 15.18 15.80 -21.71%
DY 6.94 6.49 4.92 6.00 9.15 8.22 9.76 -20.31%
P/NAPS 2.26 2.49 2.51 2.10 1.65 1.65 1.45 34.39%
Price Multiplier on Announcement Date
30/11/10 31/08/10 31/05/10 28/02/10 30/11/09 31/08/09 31/05/09 CAGR
Date 26/01/11 18/10/10 14/07/10 14/04/10 20/01/10 14/10/09 15/07/09 -
Price 1.74 1.92 2.73 2.29 1.81 1.87 1.45 -
P/RPS 2.48 2.79 2.87 2.29 1.98 2.12 1.73 27.10%
P/EPS 9.19 10.55 10.96 7.92 7.61 8.44 7.46 14.90%
EY 10.88 9.48 9.12 12.63 13.13 11.85 13.41 -12.99%
DY 6.90 6.25 4.40 5.24 7.73 6.42 8.28 -11.43%
P/NAPS 2.27 2.59 2.81 2.41 1.95 2.11 1.71 20.76%

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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