[HENGYUAN] QoQ Quarter Result on 31-Dec-2005 [#4]

Announcement Date
06-Mar-2006
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Dec-2005 [#4]
Profit Trend
QoQ- -36.91%
YoY- -49.66%
Quarter Report
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Quarter Result
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Revenue 3,040,246 2,898,567 2,482,500 2,748,668 2,510,243 2,181,246 2,254,976 22.02%
PBT 93,866 207,470 59,508 141,306 207,650 116,121 216,845 -42.74%
Tax -26,335 -61,647 -13,703 -46,792 -57,834 -33,720 -21,443 14.66%
NP 67,531 145,823 45,805 94,514 149,816 82,401 195,402 -50.72%
-
NP to SH 67,531 145,823 45,805 94,514 149,816 82,401 195,402 -50.72%
-
Tax Rate 28.06% 29.71% 23.03% 33.11% 27.85% 29.04% 9.89% -
Total Cost 2,972,715 2,752,744 2,436,695 2,654,154 2,360,427 2,098,845 2,059,574 27.68%
-
Net Worth 1,940,758 1,942,256 1,964,755 1,919,453 1,867,840 1,743,799 1,758,888 6.77%
Dividend
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Div - 95,995 59,993 600 59,998 35,996 30,001 -
Div Payout % - 65.83% 130.98% 0.63% 40.05% 43.68% 15.35% -
Equity
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Net Worth 1,940,758 1,942,256 1,964,755 1,919,453 1,867,840 1,743,799 1,758,888 6.77%
NOSH 300,004 299,985 299,967 300,041 299,991 299,967 300,018 -0.00%
Ratio Analysis
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
NP Margin 2.22% 5.03% 1.85% 3.44% 5.97% 3.78% 8.67% -
ROE 3.48% 7.51% 2.33% 4.92% 8.02% 4.73% 11.11% -
Per Share
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 1,013.40 966.24 827.59 916.10 836.77 727.16 751.61 22.02%
EPS 22.51 48.61 15.27 31.50 49.94 27.47 65.13 -50.71%
DPS 0.00 32.00 20.00 0.20 20.00 12.00 10.00 -
NAPS 6.4691 6.4745 6.5499 6.3973 6.2263 5.8133 5.8626 6.77%
Adjusted Per Share Value based on latest NOSH - 300,041
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 1,013.52 966.29 827.59 916.32 836.83 727.16 751.74 22.01%
EPS 22.51 48.61 15.27 31.51 49.94 27.47 65.14 -50.72%
DPS 0.00 32.00 20.00 0.20 20.00 12.00 10.00 -
NAPS 6.4699 6.4749 6.5499 6.3988 6.2268 5.8133 5.8636 6.77%
Price Multiplier on Financial Quarter End Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 29/09/06 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 -
Price 10.30 10.10 10.20 9.75 11.70 9.85 8.95 -
P/RPS 1.02 1.05 1.23 1.06 1.40 1.35 1.19 -9.75%
P/EPS 45.76 20.78 66.80 30.95 23.43 35.86 13.74 122.85%
EY 2.19 4.81 1.50 3.23 4.27 2.79 7.28 -55.07%
DY 0.00 3.17 1.96 0.02 1.71 1.22 1.12 -
P/NAPS 1.59 1.56 1.56 1.52 1.88 1.69 1.53 2.59%
Price Multiplier on Announcement Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 23/11/06 17/08/06 18/05/06 06/03/06 28/11/05 18/08/05 18/05/05 -
Price 10.40 10.60 10.60 9.80 10.10 10.00 9.25 -
P/RPS 1.03 1.10 1.28 1.07 1.21 1.38 1.23 -11.14%
P/EPS 46.20 21.81 69.42 31.11 20.22 36.40 14.20 119.41%
EY 2.16 4.59 1.44 3.21 4.94 2.75 7.04 -54.47%
DY 0.00 3.02 1.89 0.02 1.98 1.20 1.08 -
P/NAPS 1.61 1.64 1.62 1.53 1.62 1.72 1.58 1.26%

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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