EVOC<08285> - Results Announcement (Q1, 2006, Summary)
Shenzhen EVOC Intelligent Technology Company Limited announced on 11/05/2006:
(stock code: 08285 )
Year end date :31/12/2006
Currency :RMB
Auditors' report :N/A
1st Quarterly Report Reviewed by Audit Committee
Important Note :
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 01/01/2006 from 01/01/2005
to 31/03/2006 to 31/03/2005
RMB'000 RMB'000
Turnover : 55,611 40,688
Profit/(Loss) from Operations : 19,482 14,282
Finance cost : (41) (14)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 7,991 5,228
% Change Over the Last Period : +52.85%
EPS / (LPS)
Basic (in dollar) : RMB 0.017 RMB 0.011
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 7,991 5,228
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)
For and on behalf of
Shenzhen EVOC Intelligent Technology Company Limited
Signature :
Name : Lee Sing Yeung Simon
Title : Company Secretary
Responsibility statement
The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading.The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard to
the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.
1. Listing Date
The Company's shares were listed on the Growth Enterprise Market of
The Stock Exchange of Hong Kong Limited (the "GEM") on 10 October 2003.
2.Basis of preparation
The unaudited quarterly results of the Group have been prepared in
accordance with Hong Kong Financial Reporting Standards
("HKFRSs") (which also include Hong Kong Accounting Standards
("HKASs") and Interpretations) issued by the Hong Kong Institute
of Certified Public Accountants, accounting principles generally
accepted in Hong Kong and the disclosure requirements of the Hong
Kong Companies Ordinance. The accounting policies adopted are
consistent with those followed in the preparation of the Group's
annual financial statements for the year ended 31 December 2005.
They have been prepared under the historical cost convention.
They are presented in Renminbi ("RMB") and all values are rounded
to the nearest thousand except when otherwise indicated.
3. Turnover
2006 2005
Turnover RMB'000 RMB'000
Sales of Products
Board-type EIP 28,035 21,152
Chassis-type EIP 26,036 18,406
Remote data modules 1,540 1,130
---------- ---------
Total turnover 55,611 40,688
========== ==========
4. Tax
The Company is located in the Shenzhen Special Economic Zone and is
therefore subject to a corporate income tax rate of 15%. In accordance
with the relevant income tax laws and regulations in the PRC, the
Company was exempt from corporate income tax for two years commencing
from its first year with assessable profits after deducting the tax
losses brought forward, and was entitled to a 50% tax exemption for
the next three years.
As a new and high technology enterprise, the Company had applied to the
Shenzhen Administration of Taxation in 2004 for a 50% exemption from
income tax for a further period of five years and obtained the approval
in 2004 for a 50% exemption from income tax for three more years until
the year ending 31 December 2006.
The branches of the Company are located in various cities of Mainland
China and are subject to a corporate income tax rate of 33% on their
assessable profits for the period.
The subsidiary of the Group is located in the Shenzhen Special Economic
Zone and is therefore subject to a corporate income tax rate of 15%.
No provision for corporate income tax has been made as its subsidiary
did not have any assessable profit for the period.
5. Earnings per share attributable to ordinary equity holders of the
parent
The calculation of basic earnings per share for the three months ended
31 March 2006 is based on the net profit attributable to ordinary
equity holders of the parent for the period of approximately
RMB7,991,000 (2005 : RMB5,228,000) and the 467,100,000
(2005 : 467,100,000) ordinary shares in issue during the period.
Diluted earnings per share amounts for the three months ended
31 March 2005 and 2006 have not been disclosed as no diluting
events existed during these period.
6. Dividend
The Directors do not recommend the payment of dividend for the
three months ended 31 March 2006.
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