CHAODA MODERN<00682> - Results Announcement
Chaoda Modern Agriculture (Holdings) Limited announced on 18/03/2004:
(stock code: 00682 )
Year end date: 30/6/2004
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Audit Committee
(Unaudited )
(Unaudited ) Last
Current Corresponding
Period Period
from 01/07/2003 from 01/07/2002
to 31/12/2003 to 31/12/2002
Note ('000 ) ('000 )
Turnover : 858,398 651,115
Profit/(Loss) from Operations : 401,377 321,662
Finance cost : (8,595) (5,053)
Share of Profit/(Loss) of
Associates : 10,130 3,672
Share of Profit/(Loss) of
Jointly Controlled Entities : 0 0
Profit/(Loss) after Tax & MI : 402,552 272,904
% Change over Last Period : +47.5 %
EPS/(LPS)-Basic (in dollars) : 0.2092 0.142
-Diluted (in dollars) : 0.2071 N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit/(Loss) after ETD Items : 402,552 272,904
Interim Dividend : NIL NIl
per Share
(Specify if with other : N/A N/A
options)
B/C Dates for
Interim Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : N/A
Current Period
B/C Dates for Other
Distribution : N/A
Remarks:
(1) The unaudited condensed consolidated income statement is prepared
in accordance with Hong Kong Statement of Standard Accounting Practice
("SSAP") 25 (Revised), Interim Financial Reporting, issued by the Hong
Kong Society of Accountants (as applicable to condensed accounts) and
Appendix 16 of the Rules Governing the Listing of Securities on the Stock
Exchange of Hong Kong Limited (the "Listing Rules") issued by The Stock
Exchange of Hong Kong Limited.
(2) The calculation of basic earnings per share is based on the
Group's profits for the period of RMB402,552,000 (2002: RMB272,904,000)
and the weighted average number of 1,924,494,609 (2002: 1,918,448,413)
shares in issue during the period.
The calculation of diluted earnings per share is based on the
Group's profits for the period of RMB402,552,000 (2002: N/A) and the
weighted average number of 1,943,860,901 (2002: N/A) shares after
adjusting for the effects of all dilutive potential ordinary shares under
the company's share option scheme.
(3) An analysis of turnover and profit from continuing operations:
For the six months ended 31 December 2003
Growing Breeding Supermarkets
and sales and sales of chain Inter-segment
of crops livestock operation elimination Total
RMB'000 RMB'000 RMB'000 RMB'000 RMB'000
Turnover '
776,279 19,557 64,346 (1,784) 858,398
Cost of sales
(238,179) (4,207) (57,644) 1,784 (298,246)
--------------------------------------------------------------------------
Gross profit
538,100 15,350 6,702 - 560,152
Unallocated items :
Other revenues 8,002
Selling and distribution expenses (83,542)
General and administrative expenses (50,291)
Research expenses (14,650)
Net other operating expenses (18,294)
---------
Operating profit 401,377
For the six months ended 31 December 2002
Growing Breeding Supermarkets
and sales and sales of chain
of crops livestock operation Total
RMB'000 RMB'000 RMB'000 RMB'000
Turnover
627,327 13,286 10,502 651,115
Cost of sales
(184,839) (5,330) (9,215) (199,384)
-----------------------------------------------------------
Gross profit
442,488 7,956 1,287 451,731
Unallocated items :
Other revenues 6,437
Selling and distribution expenses (61,464)
General and administrative expenses (45,748)
Research expenses (15,770)
Net other operating expenses (13,524)
---------
Operating profit 321,662
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