CHINA UNICOM<00762> - Results Announcement (Summary)
China Unicom Limited announced on 27/3/2002:
(stock code: 762)
Year end date: 31/12/2001
Currency: RMB
Auditors' Report: Neither
Review of Interim Report by: N/A
(Audited)
(Audited) Last
Current Corresponding
Period Period
from 1/1/2001 from 1/1/2000
to 31/12/2001 to 31/12/2000
('000) ('000)
Turnover : 29,392,886 23,692,458
Profit/(Loss) from Operations : 7,380,154 5,836,477
Finance cost : (1,917,566) (1,353,746)
Share of Profit/(Loss) of Associates : - -
Share of Profit/(Loss) of
Jointly Controlled Entities : - -
Profit/(Loss) after Tax & MI : 4,456,761 3,234,051
% Change over Last Period : +37.8%
EPS/(LPS)-Basic : RMB0.36 RMB0.29
-Diluted : RMB0.36 RMB0.29
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 4,456,761 3,234,051
Final Dividend per Share : NIL NIL
(Specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : N/A
B/C Dates for Other Distribution : N/A
Remarks:
(1) (a) Basic net income per share
Basic net income per share for the year ended 31 December 2000 has been
computed by dividing the net income of RMB3,234,051,000 by the weighted
average number of net income 11,208,224 shares in issue during the year,
assuming the Company had been in existence since 1st January 2000.
Basic net income per share for the year ended 31 December 2001 has been
computed by dividing the net income of RMB4,456,761,000 by the weighted
average number of 12,552,996,000 shares in issue during the year.
(b) Diluted net income per share
For the year ended 31 December 2000, the calculation of diluted net income
per share has been computed by dividing the net income of RMB3,234,051,000
by the weighted average number of 11,219,679,000 shares in issue during
the year, after adjusting for the effects of the dilutive potential
ordinary shares. All dilutive potential ordinary shares arise from share
options granted to the Directors or Senior Management under the Pre-Global
Offering Share Option Scheme, share warrants as described in Remark 2 and
the over-allotment options granted to the underwriters, which if converted
to ordinary shares would decrease profit attributable to shareholders per
share.
For the year ended 31 December 2001, all potential ordinary shares arise
from share options granted under the Pre-Global Offering Share Option
Scheme and additional Share Option granted under the Share Option
Scheme. No dilution was resulted on the net income per share for the
current year after taking into account the potential dilutive effect of
the conversion of the share options.
(2) CCF Arrangements represented the financing arrangement entered into by
the predecessor telecommunications businesses of the Group with certain
contractual joint venture companies ("CJVs") established in the PRC for
the development of the Group's telecommunication networks. All the CCF
Arrangements have been terminated before 30th June 2000 and compensations
were paid to the CJVs in the form of cash and share warrants.
As of 31 December 2001, all the warrants have expired and no warrants have
been exercised by these CJVs or their designees.
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