[HUAYANG] QoQ TTM Result on 30-Jun-2005 [#1]

Announcement Date
03-Aug-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2006
Quarter
30-Jun-2005 [#1]
Profit Trend
QoQ- -3.35%
YoY- -5.09%
Quarter Report
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TTM Result
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Revenue 101,628 112,407 113,618 108,886 106,598 94,492 97,354 2.90%
PBT 24,952 27,206 26,720 23,860 25,014 24,183 27,426 -6.11%
Tax -6,889 -6,826 -6,719 -5,640 -6,162 -6,019 -7,082 -1.82%
NP 18,063 20,380 20,001 18,220 18,852 18,164 20,344 -7.62%
-
NP to SH 18,063 20,380 20,001 18,220 18,852 18,164 20,344 -7.62%
-
Tax Rate 27.61% 25.09% 25.15% 23.64% 24.63% 24.89% 25.82% -
Total Cost 83,565 92,027 93,617 90,666 87,746 76,328 77,010 5.60%
-
Net Worth 172,704 171,130 155,857 153,086 149,275 146,422 142,851 13.50%
Dividend
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Div 7,645 - - - - 4,503 4,503 42.36%
Div Payout % 42.33% - - - - 24.79% 22.14% -
Equity
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Net Worth 172,704 171,130 155,857 153,086 149,275 146,422 142,851 13.50%
NOSH 89,950 90,068 90,039 90,050 89,925 90,050 90,070 -0.08%
Ratio Analysis
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
NP Margin 17.77% 18.13% 17.60% 16.73% 17.69% 19.22% 20.90% -
ROE 10.46% 11.91% 12.83% 11.90% 12.63% 12.41% 14.24% -
Per Share
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
RPS 112.98 124.80 126.19 120.92 118.54 104.93 108.09 2.99%
EPS 20.08 22.63 22.21 20.23 20.96 20.17 22.59 -7.55%
DPS 8.50 0.00 0.00 0.00 0.00 5.00 5.00 42.48%
NAPS 1.92 1.90 1.731 1.70 1.66 1.626 1.586 13.60%
Adjusted Per Share Value based on latest NOSH - 90,050
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
RPS 23.10 25.55 25.82 24.75 24.23 21.48 22.13 2.90%
EPS 4.11 4.63 4.55 4.14 4.28 4.13 4.62 -7.50%
DPS 1.74 0.00 0.00 0.00 0.00 1.02 1.02 42.81%
NAPS 0.3925 0.3889 0.3542 0.3479 0.3393 0.3328 0.3247 13.48%
Price Multiplier on Financial Quarter End Date
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Date 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 -
Price 0.70 0.67 0.73 0.74 0.76 0.86 0.79 -
P/RPS 0.62 0.54 0.58 0.61 0.64 0.82 0.73 -10.32%
P/EPS 3.49 2.96 3.29 3.66 3.63 4.26 3.50 -0.19%
EY 28.69 33.77 30.43 27.34 27.58 23.45 28.59 0.23%
DY 12.14 0.00 0.00 0.00 0.00 5.81 6.33 54.42%
P/NAPS 0.36 0.35 0.42 0.44 0.46 0.53 0.50 -19.68%
Price Multiplier on Announcement Date
31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 CAGR
Date 26/05/06 20/02/06 11/11/05 03/08/05 26/05/05 21/02/05 25/11/04 -
Price 0.71 0.68 0.66 0.71 0.75 0.80 0.80 -
P/RPS 0.63 0.54 0.52 0.59 0.63 0.76 0.74 -10.18%
P/EPS 3.54 3.01 2.97 3.51 3.58 3.97 3.54 0.00%
EY 28.28 33.28 33.66 28.50 27.95 25.21 28.23 0.11%
DY 11.97 0.00 0.00 0.00 0.00 6.25 6.25 54.28%
P/NAPS 0.37 0.36 0.38 0.42 0.45 0.49 0.50 -18.20%

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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