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Hongwei Technologies reports 2QFY09 Results (14 Aug 09)

Labels:

  • Revenue: -25.9% (2Q09), -23.0% (1H09)
  • Net Profit: +1.1% (2Q09), +5.3% (1H09)
  • Outlook: There are indications of recovery in China, but it is uncertain whether it is simply a rebound or the recovery has really commenced.
  • In the mean time, management will continue to take measures to effectively utilise resources to improve its product quality and increase its product range.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 57,364 62,535
2008 71,308 84,359

FY 1H 2H Total
2008 155,667 193,537 349,204
2007 152,820 165,566 318,386
2006 83,199 142,408 225,607
2005 71,222 86,319 157,541
2004 NA NA 115,925
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 10,679 16,550
2008 9,486 16,377

FY 1H 2H Total
2008 25,863 39,239 65,102
2007 29,329 33,143 62,472
2006 18,367 29,631 47,998
2005 19,583 20,063 39,646
2004 NA NA 33,406
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Dividends

FY Interim Final Special (SGD)

2009 NA
2008 NA 0.0250 NA
2007 NA 0.0750 NA
2006 NA 0.0758 NA
2005 NA 0.0626 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.5458
EPS = $0.121 (6M FY09)
No of Shares = 225,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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