[HENGYUAN] YoY Cumulative Quarter Result on 31-Dec-2003 [#4]

Announcement Date
17-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 47.8%
YoY- 19.19%
Quarter Report
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Cumulative Result
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Revenue 10,886,840 9,695,133 7,510,539 5,496,898 4,458,227 4,601,402 5,183,516 13.15%
PBT 325,385 681,922 741,908 249,624 197,964 3,928 157,490 12.84%
Tax -67,168 -159,790 -71,564 -67,340 -45,031 -3,928 -45,777 6.59%
NP 258,217 522,132 670,344 182,284 152,933 0 111,713 14.97%
-
NP to SH 258,217 522,132 670,344 182,284 152,933 -147 111,713 14.97%
-
Tax Rate 20.64% 23.43% 9.65% 26.98% 22.75% 100.00% 29.07% -
Total Cost 10,628,623 9,173,001 6,840,195 5,314,614 4,305,294 4,601,402 5,071,803 13.11%
-
Net Worth 1,939,734 1,919,234 1,563,375 1,001,062 861,920 744,239 783,466 16.30%
Dividend
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Div 2,699 300,006 194,998 75,001 53,997 - - -
Div Payout % 1.05% 57.46% 29.09% 41.15% 35.31% - - -
Equity
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Net Worth 1,939,734 1,919,234 1,563,375 1,001,062 861,920 744,239 783,466 16.30%
NOSH 299,989 300,006 299,997 300,006 299,986 299,963 300,040 -0.00%
Ratio Analysis
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
NP Margin 2.37% 5.39% 8.93% 3.32% 3.43% 0.00% 2.16% -
ROE 13.31% 27.21% 42.88% 18.21% 17.74% -0.02% 14.26% -
Per Share
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 3,629.07 3,231.64 2,503.54 1,832.26 1,486.14 1,533.99 1,727.60 13.16%
EPS 86.07 174.04 223.45 60.76 50.98 0.00 37.24 14.97%
DPS 0.90 100.00 65.00 25.00 18.00 0.00 0.00 -
NAPS 6.466 6.3973 5.2113 3.3368 2.8732 2.4811 2.6112 16.30%
Adjusted Per Share Value based on latest NOSH - 300,000
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
RPS 3,629.32 3,232.04 2,503.77 1,832.49 1,486.23 1,533.96 1,728.02 13.15%
EPS 86.08 174.06 223.47 60.77 50.98 -0.05 37.24 14.97%
DPS 0.90 100.01 65.01 25.00 18.00 0.00 0.00 -
NAPS 6.4664 6.3981 5.2118 3.3372 2.8734 2.4811 2.6118 16.30%
Price Multiplier on Financial Quarter End Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 29/12/06 30/12/05 31/12/04 31/12/03 31/12/02 31/12/01 26/12/00 -
Price 10.60 9.75 9.70 4.46 3.80 3.80 3.82 -
P/RPS 0.29 0.30 0.39 0.24 0.26 0.25 0.22 4.70%
P/EPS 12.31 5.60 4.34 7.34 7.45 -7,754.15 10.26 3.08%
EY 8.12 17.85 23.04 13.62 13.42 -0.01 9.75 -3.00%
DY 0.08 10.26 6.70 5.61 4.74 0.00 0.00 -
P/NAPS 1.64 1.52 1.86 1.34 1.32 1.53 1.46 1.95%
Price Multiplier on Announcement Date
31/12/06 31/12/05 31/12/04 31/12/03 31/12/02 31/12/01 31/12/00 CAGR
Date 28/02/07 06/03/06 23/02/05 17/02/04 24/02/03 21/02/02 02/05/01 -
Price 10.20 9.80 8.65 4.50 3.26 3.80 3.88 -
P/RPS 0.28 0.30 0.35 0.25 0.22 0.25 0.22 4.09%
P/EPS 11.85 5.63 3.87 7.41 6.39 -7,754.15 10.42 2.16%
EY 8.44 17.76 25.83 13.50 15.64 -0.01 9.60 -2.12%
DY 0.09 10.20 7.51 5.56 5.52 0.00 0.00 -
P/NAPS 1.58 1.53 1.66 1.35 1.13 1.53 1.49 0.98%

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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