[HENGYUAN] QoQ Cumulative Quarter Result on 31-Dec-2003 [#4]

Announcement Date
17-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 47.8%
YoY- 19.19%
Quarter Report
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Cumulative Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 5,324,889 3,304,616 1,527,466 5,496,898 4,049,222 2,698,757 1,434,406 139.17%
PBT 537,633 332,176 137,154 249,624 139,797 42,891 88,906 230.83%
Tax -55,049 -34,417 -14,692 -67,340 -16,468 -5,846 -6,889 298.18%
NP 482,584 297,759 122,462 182,284 123,329 37,045 82,017 224.87%
-
NP to SH 482,584 297,759 122,462 182,284 123,329 37,045 82,017 224.87%
-
Tax Rate 10.24% 10.36% 10.71% 26.98% 11.78% 13.63% 7.75% -
Total Cost 4,842,305 3,006,857 1,405,004 5,314,614 3,925,893 2,661,712 1,352,389 133.50%
-
Net Worth 1,397,231 1,234,027 1,123,488 1,001,062 955,792 869,285 946,797 29.52%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 90,000 60,001 - 75,001 - - - -
Div Payout % 18.65% 20.15% - 41.15% - - - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 1,397,231 1,234,027 1,123,488 1,001,062 955,792 869,285 946,797 29.52%
NOSH 300,002 300,009 300,004 300,006 299,997 299,919 299,970 0.00%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 9.06% 9.01% 8.02% 3.32% 3.05% 1.37% 5.72% -
ROE 34.54% 24.13% 10.90% 18.21% 12.90% 4.26% 8.66% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 1,774.95 1,101.51 509.15 1,832.26 1,349.75 899.83 478.18 139.16%
EPS 160.86 99.25 40.82 60.76 41.11 12.35 27.34 224.86%
DPS 30.00 20.00 0.00 25.00 0.00 0.00 0.00 -
NAPS 4.6574 4.1133 3.7449 3.3368 3.186 2.8984 3.1563 29.51%
Adjusted Per Share Value based on latest NOSH - 300,000
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 1,774.96 1,101.54 509.16 1,832.30 1,349.74 899.59 478.14 139.17%
EPS 160.86 99.25 40.82 60.76 41.11 12.35 27.34 224.86%
DPS 30.00 20.00 0.00 25.00 0.00 0.00 0.00 -
NAPS 4.6574 4.1134 3.745 3.3369 3.186 2.8976 3.156 29.52%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 7.60 6.60 6.15 4.46 4.04 4.14 3.40 -
P/RPS 0.43 0.60 1.21 0.24 0.30 0.46 0.71 -28.35%
P/EPS 4.72 6.65 15.07 7.34 9.83 33.52 12.44 -47.49%
EY 21.17 15.04 6.64 13.62 10.18 2.98 8.04 90.34%
DY 3.95 3.03 0.00 5.61 0.00 0.00 0.00 -
P/NAPS 1.63 1.60 1.64 1.34 1.27 1.43 1.08 31.47%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 22/11/04 16/08/04 11/05/04 17/02/04 18/11/03 26/08/03 28/05/03 -
Price 8.90 7.40 6.15 4.50 4.20 4.38 3.88 -
P/RPS 0.50 0.67 1.21 0.25 0.31 0.49 0.81 -27.43%
P/EPS 5.53 7.46 15.07 7.41 10.22 35.46 14.19 -46.55%
EY 18.07 13.41 6.64 13.50 9.79 2.82 7.05 86.96%
DY 3.37 2.70 0.00 5.56 0.00 0.00 0.00 -
P/NAPS 1.91 1.80 1.64 1.35 1.32 1.51 1.23 33.98%

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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