[HUAYANG] QoQ TTM Result on 30-Jun-2004 [#1]

Announcement Date
21-Jul-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2005
Quarter
30-Jun-2004 [#1]
Profit Trend
QoQ- 7.89%
YoY- 13.19%
Quarter Report
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TTM Result
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Revenue 106,598 94,492 97,354 90,971 86,250 116,192 102,170 2.86%
PBT 25,014 24,183 27,426 25,989 24,333 32,582 26,365 -3.44%
Tax -6,162 -6,019 -7,082 -6,791 -6,539 -9,306 -7,765 -14.27%
NP 18,852 18,164 20,344 19,198 17,794 23,276 18,600 0.90%
-
NP to SH 18,852 18,164 20,344 19,198 17,794 23,276 18,600 0.90%
-
Tax Rate 24.63% 24.89% 25.82% 26.13% 26.87% 28.56% 29.45% -
Total Cost 87,746 76,328 77,010 71,773 68,456 92,916 83,570 3.30%
-
Net Worth 149,275 146,422 142,851 141,435 136,903 131,491 125,671 12.14%
Dividend
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Div - 4,503 4,503 4,503 4,503 - - -
Div Payout % - 24.79% 22.14% 23.46% 25.31% - - -
Equity
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Net Worth 149,275 146,422 142,851 141,435 136,903 131,491 125,671 12.14%
NOSH 89,925 90,050 90,070 90,086 90,068 90,062 90,022 -0.07%
Ratio Analysis
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
NP Margin 17.69% 19.22% 20.90% 21.10% 20.63% 20.03% 18.20% -
ROE 12.63% 12.41% 14.24% 13.57% 13.00% 17.70% 14.80% -
Per Share
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 118.54 104.93 108.09 100.98 95.76 129.01 113.49 2.94%
EPS 20.96 20.17 22.59 21.31 19.76 25.84 20.66 0.96%
DPS 0.00 5.00 5.00 5.00 5.00 0.00 0.00 -
NAPS 1.66 1.626 1.586 1.57 1.52 1.46 1.396 12.22%
Adjusted Per Share Value based on latest NOSH - 90,086
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 24.23 21.48 22.13 20.68 19.60 26.41 23.22 2.87%
EPS 4.28 4.13 4.62 4.36 4.04 5.29 4.23 0.78%
DPS 0.00 1.02 1.02 1.02 1.02 0.00 0.00 -
NAPS 0.3393 0.3328 0.3247 0.3214 0.3111 0.2988 0.2856 12.16%
Price Multiplier on Financial Quarter End Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 -
Price 0.76 0.86 0.79 0.83 0.92 0.89 0.87 -
P/RPS 0.64 0.82 0.73 0.82 0.96 0.69 0.77 -11.58%
P/EPS 3.63 4.26 3.50 3.89 4.66 3.44 4.21 -9.40%
EY 27.58 23.45 28.59 25.68 21.47 29.04 23.75 10.47%
DY 0.00 5.81 6.33 6.02 5.43 0.00 0.00 -
P/NAPS 0.46 0.53 0.50 0.53 0.61 0.61 0.62 -18.02%
Price Multiplier on Announcement Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 26/05/05 21/02/05 25/11/04 21/07/04 24/05/04 09/02/04 21/11/03 -
Price 0.75 0.80 0.80 0.81 0.80 0.90 0.90 -
P/RPS 0.63 0.76 0.74 0.80 0.84 0.70 0.79 -13.99%
P/EPS 3.58 3.97 3.54 3.80 4.05 3.48 4.36 -12.30%
EY 27.95 25.21 28.23 26.31 24.70 28.72 22.96 13.99%
DY 0.00 6.25 6.25 6.17 6.25 0.00 0.00 -
P/NAPS 0.45 0.49 0.50 0.52 0.53 0.62 0.64 -20.91%

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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