[HUAYANG] QoQ TTM Result on 30-Sep-2005 [#2]

Announcement Date
11-Nov-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2006
Quarter
30-Sep-2005 [#2]
Profit Trend
QoQ- 9.77%
YoY- -1.69%
Quarter Report
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TTM Result
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Revenue 96,300 101,628 112,407 113,618 108,886 106,598 94,492 1.27%
PBT 24,714 24,952 27,206 26,720 23,860 25,014 24,183 1.46%
Tax -7,143 -6,889 -6,826 -6,719 -5,640 -6,162 -6,019 12.12%
NP 17,571 18,063 20,380 20,001 18,220 18,852 18,164 -2.19%
-
NP to SH 17,571 18,063 20,380 20,001 18,220 18,852 18,164 -2.19%
-
Tax Rate 28.90% 27.61% 25.09% 25.15% 23.64% 24.63% 24.89% -
Total Cost 78,729 83,565 92,027 93,617 90,666 87,746 76,328 2.09%
-
Net Worth 176,170 172,704 171,130 155,857 153,086 149,275 146,422 13.16%
Dividend
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Div 7,645 7,645 - - - - 4,503 42.45%
Div Payout % 43.51% 42.33% - - - - 24.79% -
Equity
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Net Worth 176,170 172,704 171,130 155,857 153,086 149,275 146,422 13.16%
NOSH 89,882 89,950 90,068 90,039 90,050 89,925 90,050 -0.12%
Ratio Analysis
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
NP Margin 18.25% 17.77% 18.13% 17.60% 16.73% 17.69% 19.22% -
ROE 9.97% 10.46% 11.91% 12.83% 11.90% 12.63% 12.41% -
Per Share
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
RPS 107.14 112.98 124.80 126.19 120.92 118.54 104.93 1.40%
EPS 19.55 20.08 22.63 22.21 20.23 20.96 20.17 -2.06%
DPS 8.50 8.50 0.00 0.00 0.00 0.00 5.00 42.57%
NAPS 1.96 1.92 1.90 1.731 1.70 1.66 1.626 13.30%
Adjusted Per Share Value based on latest NOSH - 90,039
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
RPS 21.89 23.10 25.55 25.82 24.75 24.23 21.48 1.27%
EPS 3.99 4.11 4.63 4.55 4.14 4.28 4.13 -2.27%
DPS 1.74 1.74 0.00 0.00 0.00 0.00 1.02 42.90%
NAPS 0.4004 0.3925 0.3889 0.3542 0.3479 0.3393 0.3328 13.15%
Price Multiplier on Financial Quarter End Date
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Date 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 -
Price 0.68 0.70 0.67 0.73 0.74 0.76 0.86 -
P/RPS 0.63 0.62 0.54 0.58 0.61 0.64 0.82 -16.15%
P/EPS 3.48 3.49 2.96 3.29 3.66 3.63 4.26 -12.64%
EY 28.75 28.69 33.77 30.43 27.34 27.58 23.45 14.59%
DY 12.50 12.14 0.00 0.00 0.00 0.00 5.81 66.89%
P/NAPS 0.35 0.36 0.35 0.42 0.44 0.46 0.53 -24.22%
Price Multiplier on Announcement Date
30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 CAGR
Date 28/08/06 26/05/06 20/02/06 11/11/05 03/08/05 26/05/05 21/02/05 -
Price 0.75 0.71 0.68 0.66 0.71 0.75 0.80 -
P/RPS 0.70 0.63 0.54 0.52 0.59 0.63 0.76 -5.34%
P/EPS 3.84 3.54 3.01 2.97 3.51 3.58 3.97 -2.20%
EY 26.07 28.28 33.28 33.66 28.50 27.95 25.21 2.26%
DY 11.33 11.97 0.00 0.00 0.00 0.00 6.25 48.83%
P/NAPS 0.38 0.37 0.36 0.38 0.42 0.45 0.49 -15.62%

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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