[HENGYUAN] YoY Annualized Quarter Result on 31-Dec-2004 [#4]

Announcement Date
23-Feb-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Dec-2004 [#4]
Profit Trend
QoQ- 4.18%
YoY- 267.75%
Quarter Report
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Annualized Quarter Result
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
Revenue 11,415,110 10,886,840 9,695,133 7,510,539 5,496,898 4,458,227 4,601,402 16.34%
PBT 794,212 325,385 681,922 741,908 249,624 197,964 3,928 142.16%
Tax -200,994 -67,168 -159,790 -71,564 -67,340 -45,031 -3,928 92.62%
NP 593,218 258,217 522,132 670,344 182,284 152,933 0 -
-
NP to SH 593,218 258,217 522,132 670,344 182,284 152,933 -147 -
-
Tax Rate 25.31% 20.64% 23.43% 9.65% 26.98% 22.75% 100.00% -
Total Cost 10,821,892 10,628,623 9,173,001 6,840,195 5,314,614 4,305,294 4,601,402 15.31%
-
Net Worth 2,405,991 1,939,734 1,919,234 1,563,375 1,001,062 861,920 744,238 21.58%
Dividend
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
Div 2,099 2,699 300,006 194,998 75,001 53,997 - -
Div Payout % 0.35% 1.05% 57.46% 29.09% 41.15% 35.31% - -
Equity
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
Net Worth 2,405,991 1,939,734 1,919,234 1,563,375 1,001,062 861,920 744,238 21.58%
NOSH 299,998 299,989 300,006 299,997 300,006 299,986 299,963 0.00%
Ratio Analysis
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
NP Margin 5.20% 2.37% 5.39% 8.93% 3.32% 3.43% 0.00% -
ROE 24.66% 13.31% 27.21% 42.88% 18.21% 17.74% -0.02% -
Per Share
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
RPS 3,805.05 3,629.07 3,231.64 2,503.54 1,832.26 1,486.14 1,533.99 16.33%
EPS 197.74 86.07 174.04 223.45 60.76 50.98 0.00 -
DPS 0.70 0.90 100.00 65.00 25.00 18.00 0.00 -
NAPS 8.02 6.466 6.3973 5.2113 3.3368 2.8732 2.4811 21.58%
Adjusted Per Share Value based on latest NOSH - 299,984
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
RPS 3,805.04 3,628.95 3,231.71 2,503.51 1,832.30 1,486.08 1,533.80 16.34%
EPS 197.74 86.07 174.04 223.45 60.76 50.98 -0.05 -
DPS 0.70 0.90 100.00 65.00 25.00 18.00 0.00 -
NAPS 8.02 6.4658 6.3974 5.2113 3.3369 2.8731 2.4808 21.58%
Price Multiplier on Financial Quarter End Date
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
Date 31/12/07 29/12/06 30/12/05 31/12/04 31/12/03 31/12/02 31/12/01 -
Price 11.30 10.60 9.75 9.70 4.46 3.80 3.80 -
P/RPS 0.30 0.29 0.30 0.39 0.24 0.26 0.25 3.08%
P/EPS 5.71 12.31 5.60 4.34 7.34 7.45 -7,754.15 -
EY 17.50 8.12 17.85 23.04 13.62 13.42 -0.01 -
DY 0.06 0.08 10.26 6.70 5.61 4.74 0.00 -
P/NAPS 1.41 1.64 1.52 1.86 1.34 1.32 1.53 -1.35%
Price Multiplier on Announcement Date
31/12/07 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 CAGR
Date 14/02/08 28/02/07 06/03/06 23/02/05 17/02/04 24/02/03 21/02/02 -
Price 11.50 10.20 9.80 8.65 4.50 3.26 3.80 -
P/RPS 0.30 0.28 0.30 0.35 0.25 0.22 0.25 3.08%
P/EPS 5.82 11.85 5.63 3.87 7.41 6.39 -7,754.15 -
EY 17.19 8.44 17.76 25.83 13.50 15.64 -0.01 -
DY 0.06 0.09 10.20 7.51 5.56 5.52 0.00 -
P/NAPS 1.43 1.58 1.53 1.66 1.35 1.13 1.53 -1.11%

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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