[HENGYUAN] YoY Annualized Quarter Result on 30-Sep-2003 [#3]

Announcement Date
18-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 121.94%
YoY- 53.57%
Quarter Report
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Annualized Quarter Result
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
Revenue 11,228,417 9,261,953 7,099,852 5,398,962 4,173,354 4,834,558 4,917,213 14.74%
PBT 481,125 720,822 716,844 186,396 152,612 64,638 200,094 15.73%
Tax -135,580 -150,662 -73,398 -21,957 -45,533 -21,044 -56,993 15.53%
NP 345,545 570,160 643,445 164,438 107,078 43,594 143,101 15.81%
-
NP to SH 345,545 570,160 643,445 164,438 107,078 43,594 143,101 15.81%
-
Tax Rate 28.18% 20.90% 10.24% 11.78% 29.84% 32.56% 28.48% -
Total Cost 10,882,872 8,691,793 6,456,406 5,234,524 4,066,276 4,790,964 4,774,112 14.71%
-
Net Worth 1,940,647 1,867,889 1,397,231 955,792 798,710 783,564 599,325 21.62%
Dividend
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
Div 207,991 168,000 120,000 - - - - -
Div Payout % 60.19% 29.47% 18.65% - - - - -
Equity
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
Net Worth 1,940,647 1,867,889 1,397,231 955,792 798,710 783,564 599,325 21.62%
NOSH 299,987 300,000 300,002 299,997 299,996 299,963 299,662 0.01%
Ratio Analysis
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
NP Margin 3.08% 6.16% 9.06% 3.05% 2.57% 0.90% 2.91% -
ROE 17.81% 30.52% 46.05% 17.20% 13.41% 5.56% 23.88% -
Per Share
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
RPS 3,742.96 3,087.32 2,366.60 1,799.67 1,391.14 1,611.72 1,640.92 14.72%
EPS 115.19 190.05 214.48 54.81 35.69 14.53 47.71 15.81%
DPS 69.33 56.00 40.00 0.00 0.00 0.00 0.00 -
NAPS 6.4691 6.2263 4.6574 3.186 2.6624 2.6122 2.00 21.59%
Adjusted Per Share Value based on latest NOSH - 300,031
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
RPS 3,743.19 3,087.64 2,366.86 1,799.84 1,391.26 1,611.69 1,639.24 14.74%
EPS 115.19 190.07 214.50 54.82 35.70 14.53 47.71 15.81%
DPS 69.34 56.01 40.00 0.00 0.00 0.00 0.00 -
NAPS 6.4695 6.2269 4.6579 3.1863 2.6626 2.6121 1.998 21.62%
Price Multiplier on Financial Quarter End Date
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
Date 29/09/06 30/09/05 30/09/04 30/09/03 30/09/02 28/09/01 29/09/00 -
Price 10.30 11.70 7.60 4.04 3.50 3.30 3.88 -
P/RPS 0.28 0.38 0.32 0.22 0.25 0.20 0.24 2.60%
P/EPS 8.94 6.16 3.54 7.37 9.81 22.71 8.12 1.61%
EY 11.18 16.24 28.22 13.57 10.20 4.40 12.31 -1.59%
DY 6.73 4.79 5.26 0.00 0.00 0.00 0.00 -
P/NAPS 1.59 1.88 1.63 1.27 1.31 1.26 1.94 -3.26%
Price Multiplier on Announcement Date
30/09/06 30/09/05 30/09/04 30/09/03 30/09/02 30/09/01 30/09/00 CAGR
Date 23/11/06 28/11/05 22/11/04 18/11/03 18/11/02 12/11/01 24/11/00 -
Price 10.40 10.10 8.90 4.20 3.44 3.50 3.78 -
P/RPS 0.28 0.33 0.38 0.23 0.25 0.22 0.23 3.33%
P/EPS 9.03 5.31 4.15 7.66 9.64 24.08 7.92 2.20%
EY 11.08 18.82 24.10 13.05 10.38 4.15 12.63 -2.15%
DY 6.67 5.54 4.49 0.00 0.00 0.00 0.00 -
P/NAPS 1.61 1.62 1.91 1.32 1.29 1.34 1.89 -2.63%

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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