[HENGYUAN] QoQ TTM Result on 30-Sep-2003 [#3]

Announcement Date
18-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 55.02%
YoY- 312.84%
Quarter Report
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TTM Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 6,102,757 5,589,957 5,496,897 5,377,431 5,244,064 4,957,593 4,458,227 23.30%
PBT 538,910 297,873 249,625 223,307 164,752 238,198 197,965 95.08%
Tax -95,912 -75,145 -67,342 -27,349 -38,346 -37,288 -45,031 65.61%
NP 442,998 222,728 182,283 195,958 126,406 200,910 152,934 103.33%
-
NP to SH 442,998 222,728 182,283 195,958 126,406 200,910 152,934 103.33%
-
Tax Rate 17.80% 25.23% 26.98% 12.25% 23.27% 15.65% 22.75% -
Total Cost 5,659,759 5,367,229 5,314,614 5,181,473 5,117,658 4,756,683 4,305,293 20.02%
-
Net Worth 1,234,039 1,123,488 1,001,040 955,899 869,578 946,797 864,810 26.77%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div 90,001 60,000 60,000 44,996 44,996 44,996 44,996 58.81%
Div Payout % 20.32% 26.94% 32.92% 22.96% 35.60% 22.40% 29.42% -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 1,234,039 1,123,488 1,001,040 955,899 869,578 946,797 864,810 26.77%
NOSH 300,011 300,004 300,000 300,031 300,020 299,970 299,979 0.00%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 7.26% 3.98% 3.32% 3.64% 2.41% 4.05% 3.43% -
ROE 35.90% 19.82% 18.21% 20.50% 14.54% 21.22% 17.68% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 2,034.17 1,863.29 1,832.30 1,792.29 1,747.90 1,652.69 1,486.18 23.29%
EPS 147.66 74.24 60.76 65.31 42.13 66.98 50.98 103.32%
DPS 30.00 20.00 20.00 15.00 15.00 15.00 15.00 58.80%
NAPS 4.1133 3.7449 3.3368 3.186 2.8984 3.1563 2.8829 26.76%
Adjusted Per Share Value based on latest NOSH - 300,031
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 2,034.25 1,863.32 1,832.30 1,792.48 1,748.02 1,652.53 1,486.08 23.30%
EPS 147.67 74.24 60.76 65.32 42.14 66.97 50.98 103.33%
DPS 30.00 20.00 20.00 15.00 15.00 15.00 15.00 58.80%
NAPS 4.1135 3.745 3.3368 3.1863 2.8986 3.156 2.8827 26.77%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 6.60 6.15 4.46 4.04 4.14 3.40 3.80 -
P/RPS 0.32 0.33 0.24 0.23 0.24 0.21 0.26 14.86%
P/EPS 4.47 8.28 7.34 6.19 9.83 5.08 7.45 -28.88%
EY 22.37 12.07 13.62 16.17 10.18 19.70 13.42 40.62%
DY 4.55 3.25 4.48 3.71 3.62 4.41 3.95 9.89%
P/NAPS 1.60 1.64 1.34 1.27 1.43 1.08 1.32 13.69%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 16/08/04 11/05/04 17/02/04 18/11/03 26/08/03 28/05/03 24/02/03 -
Price 7.40 6.15 4.50 4.20 4.38 3.88 3.26 -
P/RPS 0.36 0.33 0.25 0.23 0.25 0.23 0.22 38.90%
P/EPS 5.01 8.28 7.41 6.43 10.40 5.79 6.39 -14.98%
EY 19.95 12.07 13.50 15.55 9.62 17.26 15.64 17.63%
DY 4.05 3.25 4.44 3.57 3.42 3.87 4.60 -8.14%
P/NAPS 1.80 1.64 1.35 1.32 1.51 1.23 1.13 36.43%

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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