[HENGYUAN] QoQ Quarter Result on 31-Mar-2010 [#1]

Announcement Date
11-May-2010
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2010
Quarter
31-Mar-2010 [#1]
Profit Trend
QoQ- 871.87%
YoY- -44.43%
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Quarter Result
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Revenue 2,537,416 2,646,639 2,708,374 2,483,966 2,458,607 2,350,160 2,306,806 6.53%
PBT 159,447 -26,403 -58,342 77,078 -37,025 -18,258 291,974 -33.11%
Tax -44,788 6,942 11,561 -18,462 29,431 -17,092 -71,644 -26.82%
NP 114,659 -19,461 -46,781 58,616 -7,594 -35,350 220,330 -35.22%
-
NP to SH 114,659 -19,461 -46,781 58,616 -7,594 -35,350 220,947 -35.34%
-
Tax Rate 28.09% - - 23.95% - - 24.54% -
Total Cost 2,422,757 2,666,100 2,755,155 2,425,350 2,466,201 2,385,510 2,086,476 10.44%
-
Net Worth 2,091,881 1,976,985 1,851,602 2,157,013 2,094,761 2,152,029 2,186,700 -2.90%
Dividend
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Div 89,999 - 54,396 - 89,860 - 59,999 30.94%
Div Payout % 78.49% - 0.00% - 0.00% - 27.16% -
Equity
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Net Worth 2,091,881 1,976,985 1,851,602 2,157,013 2,094,761 2,152,029 2,186,700 -2.90%
NOSH 299,997 299,861 271,982 300,051 299,534 300,093 299,995 0.00%
Ratio Analysis
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
NP Margin 4.52% -0.74% -1.73% 2.36% -0.31% -1.50% 9.55% -
ROE 5.48% -0.98% -2.53% 2.72% -0.36% -1.64% 10.10% -
Per Share
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
RPS 845.81 882.62 995.79 827.85 820.81 783.14 768.95 6.53%
EPS 38.22 -6.49 -15.59 19.54 -2.53 -11.78 73.44 -35.22%
DPS 30.00 0.00 20.00 0.00 30.00 0.00 20.00 30.94%
NAPS 6.973 6.593 6.8078 7.1888 6.9934 7.1712 7.2891 -2.90%
Adjusted Per Share Value based on latest NOSH - 300,051
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
RPS 845.81 882.21 902.79 827.99 819.54 783.39 768.94 6.53%
EPS 38.22 -6.49 -15.59 19.54 -2.53 -11.78 73.65 -35.34%
DPS 30.00 0.00 18.13 0.00 29.95 0.00 20.00 30.94%
NAPS 6.9729 6.59 6.172 7.19 6.9825 7.1734 7.289 -2.90%
Price Multiplier on Financial Quarter End Date
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Date 30/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 -
Price 10.76 10.70 10.60 10.74 10.52 10.68 10.50 -
P/RPS 1.27 1.21 1.06 1.30 1.28 1.36 1.37 -4.91%
P/EPS 28.15 -164.87 -61.63 54.98 -414.95 -90.66 14.26 57.16%
EY 3.55 -0.61 -1.62 1.82 -0.24 -1.10 7.01 -36.38%
DY 2.79 0.00 1.89 0.00 2.85 0.00 1.90 29.10%
P/NAPS 1.54 1.62 1.56 1.49 1.50 1.49 1.44 4.56%
Price Multiplier on Announcement Date
31/12/10 30/09/10 30/06/10 31/03/10 31/12/09 30/09/09 30/06/09 CAGR
Date 24/02/11 11/11/10 04/08/10 11/05/10 25/02/10 12/11/09 27/08/09 -
Price 10.30 10.70 10.72 10.80 10.70 10.80 10.50 -
P/RPS 1.22 1.21 1.08 1.30 1.30 1.38 1.37 -7.41%
P/EPS 26.95 -164.87 -62.33 55.28 -422.05 -91.68 14.26 52.68%
EY 3.71 -0.61 -1.60 1.81 -0.24 -1.09 7.01 -34.49%
DY 2.91 0.00 1.87 0.00 2.80 0.00 1.90 32.76%
P/NAPS 1.48 1.62 1.57 1.50 1.53 1.51 1.44 1.83%

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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