[HENGYUAN] QoQ TTM Result on 31-Mar-2003 [#1]

Announcement Date
28-May-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Mar-2003 [#1]
Profit Trend
QoQ- 31.37%
YoY- 7176.71%
Quarter Report
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TTM Result
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Revenue 5,496,897 5,377,431 5,244,064 4,957,593 4,458,227 4,105,500 4,055,093 22.41%
PBT 249,625 223,307 164,752 238,198 197,965 69,908 15,268 540.90%
Tax -67,342 -27,349 -38,346 -37,288 -45,031 -22,442 2,949 -
NP 182,283 195,958 126,406 200,910 152,934 47,466 18,217 362.40%
-
NP to SH 182,283 195,958 126,406 200,910 152,934 47,466 18,217 362.40%
-
Tax Rate 26.98% 12.25% 23.27% 15.65% 22.75% 32.10% -19.31% -
Total Cost 5,314,614 5,181,473 5,117,658 4,756,683 4,305,293 4,058,034 4,036,876 20.06%
-
Net Worth 1,001,040 955,899 869,578 946,797 864,810 798,576 782,271 17.81%
Dividend
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Div 60,000 44,996 44,996 44,996 44,996 35,992 35,992 40.46%
Div Payout % 32.92% 22.96% 35.60% 22.40% 29.42% 75.83% 197.58% -
Equity
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Net Worth 1,001,040 955,899 869,578 946,797 864,810 798,576 782,271 17.81%
NOSH 300,000 300,031 300,020 299,970 299,979 299,946 300,111 -0.02%
Ratio Analysis
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
NP Margin 3.32% 3.64% 2.41% 4.05% 3.43% 1.16% 0.45% -
ROE 18.21% 20.50% 14.54% 21.22% 17.68% 5.94% 2.33% -
Per Share
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 1,832.30 1,792.29 1,747.90 1,652.69 1,486.18 1,368.75 1,351.19 22.44%
EPS 60.76 65.31 42.13 66.98 50.98 15.82 6.07 362.51%
DPS 20.00 15.00 15.00 15.00 15.00 12.00 12.00 40.44%
NAPS 3.3368 3.186 2.8984 3.1563 2.8829 2.6624 2.6066 17.84%
Adjusted Per Share Value based on latest NOSH - 299,970
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 1,832.49 1,792.66 1,748.20 1,652.70 1,486.23 1,368.64 1,351.84 22.41%
EPS 60.77 65.33 42.14 66.98 50.98 15.82 6.07 362.57%
DPS 20.00 15.00 15.00 15.00 15.00 12.00 12.00 40.44%
NAPS 3.3371 3.1867 2.8989 3.1563 2.883 2.6622 2.6078 17.81%
Price Multiplier on Financial Quarter End Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 28/06/02 -
Price 4.46 4.04 4.14 3.40 3.80 3.50 3.48 -
P/RPS 0.24 0.23 0.24 0.21 0.26 0.26 0.26 -5.18%
P/EPS 7.34 6.19 9.83 5.08 7.45 22.12 57.33 -74.50%
EY 13.62 16.17 10.18 19.70 13.42 4.52 1.74 292.75%
DY 4.48 3.71 3.62 4.41 3.95 3.43 3.45 18.96%
P/NAPS 1.34 1.27 1.43 1.08 1.32 1.31 1.34 0.00%
Price Multiplier on Announcement Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 17/02/04 18/11/03 26/08/03 28/05/03 24/02/03 18/11/02 02/09/02 -
Price 4.50 4.20 4.38 3.88 3.26 3.44 3.76 -
P/RPS 0.25 0.23 0.25 0.23 0.22 0.25 0.28 -7.25%
P/EPS 7.41 6.43 10.40 5.79 6.39 21.74 61.94 -75.62%
EY 13.50 15.55 9.62 17.26 15.64 4.60 1.61 311.14%
DY 4.44 3.57 3.42 3.87 4.60 3.49 3.19 24.58%
P/NAPS 1.35 1.32 1.51 1.23 1.13 1.29 1.44 -4.20%

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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