[SHANG] QoQ Annualized Quarter Result on 31-Dec-2004 [#4]

Announcement Date
18-Feb-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Dec-2004 [#4]
Profit Trend
QoQ- -36.62%
YoY- 87.84%
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Annualized Quarter Result
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Revenue 278,686 260,926 270,672 311,352 328,072 309,984 322,808 -9.32%
PBT 53,740 52,286 32,152 35,046 66,184 54,174 63,676 -10.68%
Tax -9,698 -9,204 -13,688 -4,105 -17,364 -19,166 -22,072 -42.17%
NP 44,041 43,082 18,464 30,941 48,820 35,008 41,604 3.86%
-
NP to SH 42,114 41,630 18,464 30,941 48,820 35,008 41,604 0.81%
-
Tax Rate 18.05% 17.60% 42.57% 11.71% 26.24% 35.38% 34.66% -
Total Cost 234,645 217,844 252,208 280,411 279,252 274,976 281,204 -11.35%
-
Net Worth 879,956 879,674 881,599 1,113,523 1,117,813 1,143,477 1,150,280 -16.34%
Dividend
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Div 17,599 26,390 - 33,009 17,603 26,387 - -
Div Payout % 41.79% 63.39% - 106.69% 36.06% 75.38% - -
Equity
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Net Worth 879,956 879,674 881,599 1,113,523 1,117,813 1,143,477 1,150,280 -16.34%
NOSH 439,978 439,837 440,799 440,128 440,084 439,798 440,720 -0.11%
Ratio Analysis
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
NP Margin 15.80% 16.51% 6.82% 9.94% 14.88% 11.29% 12.89% -
ROE 4.79% 4.73% 2.09% 2.78% 4.37% 3.06% 3.62% -
Per Share
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
RPS 63.34 59.32 61.40 70.74 74.55 70.48 73.25 -9.22%
EPS 9.57 9.46 4.20 7.03 11.09 7.96 9.44 0.91%
DPS 4.00 6.00 0.00 7.50 4.00 6.00 0.00 -
NAPS 2.00 2.00 2.00 2.53 2.54 2.60 2.61 -16.24%
Adjusted Per Share Value based on latest NOSH - 439,844
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
RPS 63.34 59.30 61.52 70.76 74.56 70.45 73.37 -9.32%
EPS 9.57 9.46 4.20 7.03 11.10 7.96 9.46 0.77%
DPS 4.00 6.00 0.00 7.50 4.00 6.00 0.00 -
NAPS 1.9999 1.9993 2.0036 2.5307 2.5405 2.5988 2.6143 -16.34%
Price Multiplier on Financial Quarter End Date
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Date 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 -
Price 1.32 1.28 1.25 1.22 1.25 1.06 1.25 -
P/RPS 2.08 2.16 2.04 1.72 1.68 1.50 1.71 13.93%
P/EPS 13.79 13.52 29.84 17.35 11.27 13.32 13.24 2.74%
EY 7.25 7.39 3.35 5.76 8.87 7.51 7.55 -2.66%
DY 3.03 4.69 0.00 6.15 3.20 5.66 0.00 -
P/NAPS 0.66 0.64 0.63 0.48 0.49 0.41 0.48 23.62%
Price Multiplier on Announcement Date
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Date 28/10/05 23/08/05 19/05/05 18/02/05 09/11/04 23/08/04 21/05/04 -
Price 1.30 1.30 1.32 1.35 1.22 1.20 1.20 -
P/RPS 2.05 2.19 2.15 1.91 1.64 1.70 1.64 16.02%
P/EPS 13.58 13.74 31.51 19.20 11.00 15.08 12.71 4.50%
EY 7.36 7.28 3.17 5.21 9.09 6.63 7.87 -4.36%
DY 3.08 4.62 0.00 5.56 3.28 5.00 0.00 -
P/NAPS 0.65 0.65 0.66 0.53 0.48 0.46 0.46 25.89%

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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