[HENGYUAN] QoQ 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- 18.21%
YoY- 131.24%
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Quarter Result
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Revenue 3,322,695 3,069,907 1,616,820 3,203,257 2,537,416 2,646,639 2,708,374 14.55%
PBT -114,779 -200,066 -37,242 188,273 159,447 -26,403 -58,342 56.81%
Tax 15,286 65,987 9,528 -52,732 -44,788 6,942 11,561 20.40%
NP -99,493 -134,079 -27,714 135,541 114,659 -19,461 -46,781 65.15%
-
NP to SH -50,741 -134,079 -27,714 135,541 114,659 -19,461 -46,781 5.55%
-
Tax Rate - - - 28.01% 28.09% - - -
Total Cost 3,422,188 3,203,986 1,644,534 3,067,716 2,422,757 2,666,100 2,755,155 15.50%
-
Net Worth 1,853,912 1,953,281 2,131,638 2,227,456 2,091,881 1,976,985 1,851,602 0.08%
Dividend
31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 CAGR
Div 60,007 - 59,987 - 89,999 - 54,396 6.74%
Div Payout % 0.00% - 0.00% - 78.49% - 0.00% -
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 1,853,912 1,953,281 2,131,638 2,227,456 2,091,881 1,976,985 1,851,602 0.08%
NOSH 300,039 300,020 299,935 300,002 299,997 299,861 271,982 6.74%
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 -2.99% -4.37% -1.71% 4.23% 4.52% -0.74% -1.73% -
ROE -2.74% -6.86% -1.30% 6.09% 5.48% -0.98% -2.53% -
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 1,107.42 1,023.23 539.06 1,067.74 845.81 882.62 995.79 7.31%
EPS -33.16 -44.69 -9.24 45.18 38.22 -6.49 -15.59 65.16%
DPS 20.00 0.00 20.00 0.00 30.00 0.00 20.00 0.00%
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 1,107.68 1,023.41 539.00 1,067.86 845.89 882.30 902.88 14.55%
EPS -16.92 -44.70 -9.24 45.18 38.22 -6.49 -15.60 5.54%
DPS 20.00 0.00 20.00 0.00 30.00 0.00 18.13 6.74%
NAPS 6.1803 6.5116 7.1062 7.4256 6.9737 6.5906 6.1726 0.08%
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 0.83 0.93 1.94 1.01 1.27 1.21 1.06 -15.00%
P/EPS -54.28 -21.26 -113.42 23.90 28.15 -164.87 -61.63 -8.09%
EY -1.84 -4.70 -0.88 4.18 3.55 -0.61 -1.62 8.83%
DY 2.18 0.00 1.91 0.00 2.79 0.00 1.89 9.95%
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 0.88 0.94 1.86 1.02 1.22 1.21 1.08 -12.72%
P/EPS -57.95 -21.48 -108.23 23.99 26.95 -164.87 -62.33 -4.72%
EY -1.73 -4.66 -0.92 4.17 3.71 -0.61 -1.60 5.33%
DY 2.04 0.00 2.00 0.00 2.91 0.00 1.87 5.95%
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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