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China Precision Technology reports 2QFY09 Results (14 Aug 09)
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ChinaPreci
- Revenue: -14.9% (2Q09), -19.4% (1H09)
- Net Profit: -6.5% (2Q09), -26.0% (1H09)
- Outlook: As the global economy is seeing signs of slow recovery, the Group is cautiously optimistic that customer demand for our products may increase gradually in the coming months.
- On 28 July 2009, the Group obtained approval from shareholders to acquire the business of MAHK Co., Ltd (Japan).
- The Group has taken necessary steps to ensure the continuity and smooth transfer of business activities of the acquired business.
- Although revenue and profit contributions from the new business is not expected to be material and immediate, the Group is confident that the acquired business will add value to its existing operations in the long run.
- Nonetheless, the Group remains vigilant in managing the risks associated with its businesses.
- Going forward, the Group will continue to maintain prudent cash management and focus on research and development of new product lines to gain greater competitive advantage and improve production efficiency.
FINANCIAL RECORDS
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 142,762 178,261
2008 188,566 209,510 224,820 199,247 822,143
2007 155,454 182,668 200,760 229,998 768,880
2006 129,704 148,273 162,117 165,150 605,244
2005 74,923 96,337 120,764 130,477 422,501
2004 NA NA NA 93,277 309,097
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 7,748 24,731
2008 17,469 26,441 19,691 11,242 74,843
2007 17,106 29,058 30,473 29,341 105,978
2006 17,987 23,852 25,041 8,854 75,734
2005 14,003 13,891 19,141 23,264 70,299
2004 NA NA NA 20,141 61,230
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Dividends
FY Interim Final Special (RMB)
2009 NA
2008 0.08 NA NA
2007 NA 0.053 NA
2006 NA 0.053 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split
Date Type Details
NA
-----------------------------------------------------------
Share Data (RMB)
NAV = $1.45
EPS = $0.091 (6M FY09)
No of Shares = 356,855,000
-----------------------------------------------------------
ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 142,762 178,261
2008 188,566 209,510 224,820 199,247 822,143
2007 155,454 182,668 200,760 229,998 768,880
2006 129,704 148,273 162,117 165,150 605,244
2005 74,923 96,337 120,764 130,477 422,501
2004 NA NA NA 93,277 309,097
-----------------------------------------------------------
Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 7,748 24,731
2008 17,469 26,441 19,691 11,242 74,843
2007 17,106 29,058 30,473 29,341 105,978
2006 17,987 23,852 25,041 8,854 75,734
2005 14,003 13,891 19,141 23,264 70,299
2004 NA NA NA 20,141 61,230
-----------------------------------------------------------
Dividends
FY Interim Final Special (RMB)
2009 NA
2008 0.08 NA NA
2007 NA 0.053 NA
2006 NA 0.053 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split
Date Type Details
NA
-----------------------------------------------------------
Share Data (RMB)
NAV = $1.45
EPS = $0.091 (6M FY09)
No of Shares = 356,855,000
-----------------------------------------------------------
ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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