[HENGYUAN] YoY Annualized Quarter 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- -77.42%
YoY- -41.73%
Quarter Report
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Annualized Quarter Result
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
Revenue 10,762,134 8,872,444 6,609,232 5,397,514 3,825,838 4,918,456 4,574,576 15.31%
PBT 533,956 665,934 664,352 85,782 152,206 129,526 127,896 26.88%
Tax -150,700 -110,328 -68,834 -11,692 -25,062 -39,110 -38,558 25.49%
NP 383,256 555,606 595,518 74,090 127,144 90,416 89,338 27.45%
-
NP to SH 383,256 555,606 595,518 74,090 127,144 90,416 89,338 27.45%
-
Tax Rate 28.22% 16.57% 10.36% 13.63% 16.47% 30.19% 30.15% -
Total Cost 10,378,878 8,316,838 6,013,714 5,323,424 3,698,694 4,828,040 4,485,238 15.00%
-
Net Worth 1,942,228 1,744,015 1,234,027 869,285 782,004 794,964 752,477 17.11%
Dividend
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
Div 311,980 132,001 120,003 - - - - -
Div Payout % 81.40% 23.76% 20.15% - - - - -
Equity
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
Net Worth 1,942,228 1,744,015 1,234,027 869,285 782,004 794,964 752,477 17.11%
NOSH 299,981 300,004 300,009 299,919 300,009 299,986 299,791 0.01%
Ratio Analysis
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
NP Margin 3.56% 6.26% 9.01% 1.37% 3.32% 1.84% 1.95% -
ROE 19.73% 31.86% 48.26% 8.52% 16.26% 11.37% 11.87% -
Per Share
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
RPS 3,587.60 2,957.44 2,203.01 1,799.66 1,275.24 1,639.56 1,525.92 15.30%
EPS 127.76 185.20 198.50 24.70 42.38 30.14 29.80 27.44%
DPS 104.00 44.00 40.00 0.00 0.00 0.00 0.00 -
NAPS 6.4745 5.8133 4.1133 2.8984 2.6066 2.65 2.51 17.10%
Adjusted Per Share Value based on latest NOSH - 300,020
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
RPS 3,587.38 2,957.48 2,203.08 1,799.17 1,275.28 1,639.49 1,524.86 15.31%
EPS 127.75 185.20 198.51 24.70 42.38 30.14 29.78 27.45%
DPS 103.99 44.00 40.00 0.00 0.00 0.00 0.00 -
NAPS 6.4741 5.8134 4.1134 2.8976 2.6067 2.6499 2.5083 17.11%
Price Multiplier on Financial Quarter End Date
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
Date 30/06/06 30/06/05 30/06/04 30/06/03 28/06/02 29/06/01 30/06/00 -
Price 10.10 9.85 6.60 4.14 3.48 3.68 4.40 -
P/RPS 0.28 0.33 0.30 0.23 0.27 0.22 0.29 -0.58%
P/EPS 7.91 5.32 3.32 16.76 8.21 12.21 14.77 -9.88%
EY 12.65 18.80 30.08 5.97 12.18 8.19 6.77 10.97%
DY 10.30 4.47 6.06 0.00 0.00 0.00 0.00 -
P/NAPS 1.56 1.69 1.60 1.43 1.34 1.39 1.75 -1.89%
Price Multiplier on Announcement Date
30/06/06 30/06/05 30/06/04 30/06/03 30/06/02 30/06/01 30/06/00 CAGR
Date 17/08/06 18/08/05 16/08/04 26/08/03 02/09/02 03/09/01 24/08/00 -
Price 10.60 10.00 7.40 4.38 3.76 3.72 4.34 -
P/RPS 0.30 0.34 0.34 0.24 0.29 0.23 0.28 1.15%
P/EPS 8.30 5.40 3.73 17.73 8.87 12.34 14.56 -8.93%
EY 12.05 18.52 26.82 5.64 11.27 8.10 6.87 9.81%
DY 9.81 4.40 5.41 0.00 0.00 0.00 0.00 -
P/NAPS 1.64 1.72 1.80 1.51 1.44 1.40 1.73 -0.88%

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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