[HENGYUAN] QoQ TTM Result on 30-Jun-2003 [#2]

Announcement Date
26-Aug-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Jun-2003 [#2]
Profit Trend
QoQ- -37.08%
YoY- 593.89%
Quarter Report
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TTM Result
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Revenue 5,589,957 5,496,897 5,377,431 5,244,064 4,957,593 4,458,227 4,105,500 22.82%
PBT 297,873 249,625 223,307 164,752 238,198 197,965 69,908 162.59%
Tax -75,145 -67,342 -27,349 -38,346 -37,288 -45,031 -22,442 123.65%
NP 222,728 182,283 195,958 126,406 200,910 152,934 47,466 180.01%
-
NP to SH 222,728 182,283 195,958 126,406 200,910 152,934 47,466 180.01%
-
Tax Rate 25.23% 26.98% 12.25% 23.27% 15.65% 22.75% 32.10% -
Total Cost 5,367,229 5,314,614 5,181,473 5,117,658 4,756,683 4,305,293 4,058,034 20.47%
-
Net Worth 1,123,488 1,001,040 955,899 869,578 946,797 864,810 798,576 25.52%
Dividend
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Div 60,000 60,000 44,996 44,996 44,996 44,996 35,992 40.54%
Div Payout % 26.94% 32.92% 22.96% 35.60% 22.40% 29.42% 75.83% -
Equity
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Net Worth 1,123,488 1,001,040 955,899 869,578 946,797 864,810 798,576 25.52%
NOSH 300,004 300,000 300,031 300,020 299,970 299,979 299,946 0.01%
Ratio Analysis
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
NP Margin 3.98% 3.32% 3.64% 2.41% 4.05% 3.43% 1.16% -
ROE 19.82% 18.21% 20.50% 14.54% 21.22% 17.68% 5.94% -
Per Share
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 1,863.29 1,832.30 1,792.29 1,747.90 1,652.69 1,486.18 1,368.75 22.80%
EPS 74.24 60.76 65.31 42.13 66.98 50.98 15.82 180.03%
DPS 20.00 20.00 15.00 15.00 15.00 15.00 12.00 40.52%
NAPS 3.7449 3.3368 3.186 2.8984 3.1563 2.8829 2.6624 25.51%
Adjusted Per Share Value based on latest NOSH - 300,020
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 1,863.32 1,832.30 1,792.48 1,748.02 1,652.53 1,486.08 1,368.50 22.82%
EPS 74.24 60.76 65.32 42.14 66.97 50.98 15.82 180.03%
DPS 20.00 20.00 15.00 15.00 15.00 15.00 12.00 40.52%
NAPS 3.745 3.3368 3.1863 2.8986 3.156 2.8827 2.6619 25.53%
Price Multiplier on Financial Quarter End Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 -
Price 6.15 4.46 4.04 4.14 3.40 3.80 3.50 -
P/RPS 0.33 0.24 0.23 0.24 0.21 0.26 0.26 17.20%
P/EPS 8.28 7.34 6.19 9.83 5.08 7.45 22.12 -48.02%
EY 12.07 13.62 16.17 10.18 19.70 13.42 4.52 92.36%
DY 3.25 4.48 3.71 3.62 4.41 3.95 3.43 -3.52%
P/NAPS 1.64 1.34 1.27 1.43 1.08 1.32 1.31 16.14%
Price Multiplier on Announcement Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 11/05/04 17/02/04 18/11/03 26/08/03 28/05/03 24/02/03 18/11/02 -
Price 6.15 4.50 4.20 4.38 3.88 3.26 3.44 -
P/RPS 0.33 0.25 0.23 0.25 0.23 0.22 0.25 20.31%
P/EPS 8.28 7.41 6.43 10.40 5.79 6.39 21.74 -47.42%
EY 12.07 13.50 15.55 9.62 17.26 15.64 4.60 90.12%
DY 3.25 4.44 3.57 3.42 3.87 4.60 3.49 -4.63%
P/NAPS 1.64 1.35 1.32 1.51 1.23 1.13 1.29 17.33%

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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