v2.4.0.6
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2011
EARNINGS PER SHARE
18. EARNINGS PER SHARE

Computation of basic earnings per share and diluted earnings per share are as follows:

 

     December 31  
     2009     2010      2011  
     (RMB)     (RMB)      (RMB)     (US$)  

Numerator:

         

Net income attributable to ordinary shareholders

     859,313,746        811,187,833         879,966,874        139,812,655   

Numerator for basic earnings per share

     859,313,746        811,187,833         879,966,874        139,812,655   

Numerator for diluted earnings per share

     859,313,746        811,187,833         879,966,874        139,812,655   
  

 

 

   

 

 

    

 

 

   

 

 

 

Denominator:

         

Number of shares outstanding, opening

     227,018,426        226,819,007         228,019,412        228,019,412   

Weighted average number of shares issued

     726,931        489,847         4,104,619        4,104,619   

Weighted average number of shares repurchased

     (1,467,130     —           (119,152     (119,152
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted average number of shares outstanding – basic

     226,278,227        227,308,854         232,004,879        232,004,879   

Dilutive effect of share options

     7,682,329        6,619,546         —          —     
  

 

 

   

 

 

    

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

     233,960,556        233,928,400         232,004,879        232,004,879   
  

 

 

   

 

 

    

 

 

   

 

 

 

As of December 31, 2011, the Company issued 4,254,882 ordinary shares to its share depositary bank which will be used to settle stock option awards upon their exercise. No consideration was received by the Company for this issuance of ordinary shares. These ordinary shares are issued but not outstanding and are treated as escrowed shares for accounting purposes and therefore, have been excluded from the computation of earnings per share. Any ordinary shares not used in the settlement of stock option awards will be returned to the Company.