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China Hongxing reports 2Q FY09 Results (11 Aug 09)

Labels:

  • Revenue: -27.2% (2Q09), -20.0% (1H09)
  • Net Profit: -60.0% (2Q09), -55.5% (1H09)
  • Outlook: The current economic climate is likely to impact consumer demand negatively.
  • The Group expects the near term market condition to be challenging.

FINANCIAL RECORDS

Revenue (RMB '000)


FY 1Q 2Q 3Q 4Q Total
2009 567,766 498,981
2008 648,563 685,214 698,159 857,255 2,889,191
2007 451,450 447,469 478,456 668,780 2,046,155
2006 277,069 353,312 300,584 480,742 1,411,707
2005 206,825 196,884 193,552 302,359 899,620
2004 NA NA 162,117 173,108 670,550
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 56,035 47,210
2008 114,231 117,972 106,357 109,955 448,515
2007 78,774 90,066 90,877 156,736 416,453
2006 30,077 50,191 38,397 99,965 214,630
2005 26,922 30,466 24,205 45,933 127,526
2004 NA NA 20,126 23,639 88,203
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Dividends

FY Interim Final Special (RMB)
2009 0.0100
2008 0.0150 NA NA
2007 0.0175 0.022 NA
2006 0.0500 0.080 NA
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Bonus Issue / Stock Split

Date Type Details
2007-05-03 Bonus STOCK SPLIT OFFER OF 5 FOR 1
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Share Data (RMB)

NAV = $1.5098
EPS = $0.0378 (6M FY09)
Diluted EPS = $0.0377 (6M FY09)
No of Shares =
2,800,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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