[HENGYUAN] QoQ Cumulative Quarter Result on 31-Mar-2011 [#1]

Announcement Date
10-May-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
31-Mar-2011 [#1]
Profit Trend
QoQ- 27.4%
YoY- 131.24%
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Cumulative Result
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Revenue 11,212,679 7,889,984 4,820,077 3,203,257 10,376,396 7,838,980 5,192,341 66.83%
PBT -163,813 -49,035 151,031 188,273 151,133 -7,669 18,734 -
Tax 38,069 22,783 -43,204 -52,732 -44,747 41 -6,901 -
NP -125,744 -26,252 107,827 135,541 106,386 -7,628 11,833 -
-
NP to SH -125,744 -26,252 107,827 135,541 106,386 -7,628 11,833 -
-
Tax Rate - - 28.61% 28.01% 29.61% - 36.84% -
Total Cost 11,338,423 7,916,236 4,712,250 3,067,716 10,270,010 7,846,608 5,180,508 68.33%
-
Net Worth 1,853,876 1,953,298 2,132,238 2,227,456 2,092,018 1,979,976 3,929,594 -39.31%
Dividend
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Div 120,013 60,004 60,003 - 150,008 600 115,443 2.61%
Div Payout % 0.00% 0.00% 55.65% - 141.00% 0.00% 975.61% -
Equity
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Net Worth 1,853,876 1,953,298 2,132,238 2,227,456 2,092,018 1,979,976 3,929,594 -39.31%
NOSH 300,000 300,022 300,019 300,002 300,016 300,314 577,219 -35.28%
Ratio Analysis
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
NP Margin -1.12% -0.33% 2.24% 4.23% 1.03% -0.10% 0.23% -
ROE -6.78% -1.34% 5.06% 6.09% 5.09% -0.39% 0.30% -
Per Share
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 3,737.14 2,629.79 1,606.59 1,067.74 3,458.60 2,610.25 899.54 157.76%
EPS -41.91 -8.75 35.94 45.18 35.46 -2.54 3.94 -
DPS 40.00 20.00 20.00 0.00 50.00 0.20 20.00 58.53%
NAPS 6.1789 6.5105 7.107 7.4248 6.973 6.593 6.8078 -6.24%
Adjusted Per Share Value based on latest NOSH - 300,002
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
RPS 3,737.94 2,630.27 1,606.86 1,067.86 3,459.15 2,613.26 1,730.96 66.83%
EPS -41.92 -8.75 35.95 45.18 35.47 -2.54 3.94 -
DPS 40.01 20.00 20.00 0.00 50.01 0.20 38.49 2.60%
NAPS 6.1802 6.5117 7.1082 7.4256 6.9741 6.6006 13.10 -39.31%
Price Multiplier on Financial Quarter End Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 30/12/11 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 -
Price 9.18 9.50 10.48 10.80 10.76 10.70 10.60 -
P/RPS 0.25 0.36 0.65 1.01 0.31 0.41 1.18 -64.36%
P/EPS -21.90 -108.57 29.16 23.90 30.34 -421.26 517.07 -
EY -4.57 -0.92 3.43 4.18 3.30 -0.24 0.19 -
DY 4.36 2.11 1.91 0.00 4.65 0.02 1.89 74.32%
P/NAPS 1.49 1.46 1.47 1.45 1.54 1.62 1.56 -3.00%
Price Multiplier on Announcement Date
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Date 17/02/12 01/11/11 10/08/11 10/05/11 24/02/11 11/11/10 04/08/10 -
Price 9.80 9.60 10.00 10.84 10.30 10.70 10.72 -
P/RPS 0.26 0.37 0.62 1.02 0.30 0.41 1.19 -63.62%
P/EPS -23.38 -109.71 27.82 23.99 29.05 -421.26 522.93 -
EY -4.28 -0.91 3.59 4.17 3.44 -0.24 0.19 -
DY 4.08 2.08 2.00 0.00 4.85 0.02 1.87 67.98%
P/NAPS 1.59 1.47 1.41 1.46 1.48 1.62 1.57 0.84%

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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