China Enterprises Limited - Financial
Highlights |
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Consolidated
Statements of Operations : |
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For the half year ended June 30, |
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2001 |
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�@ |
2002 |
�@ |
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Notes |
Rmb'000 |
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Rmb'000 |
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US$'000 (2) |
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(unaudited) |
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(unaudited) |
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(unaudited) |
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(As restated, |
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See Note 1) |
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Revenues |
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1,363,116 |
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1,460,804 |
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176,426 |
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Cost
of revenues |
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(1,186,354) |
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(1,263,712) |
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(152,622) |
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Gross Profit |
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176,762 |
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197,092 |
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23,804 |
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Selling,
general and administrative expenses |
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(158,645) |
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(114,881) |
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(13,875) |
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Impairment
loss on long-lived assets |
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- |
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(174,384) |
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(21,061) |
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Operating income (loss) |
(4) |
18,117 |
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(92,173) |
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(11,132) |
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Interest
expenses, net |
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(20,771) |
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(16,925) |
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(2,044) |
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Other
income |
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3,060 |
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183 |
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22 |
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Change
in derivative fair value |
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- |
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37,125 |
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4,484 |
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Equity
in earnings (losses) of affiliates |
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2,517 |
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(2,396) |
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(290) |
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Income (Loss) from continuing operations before |
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income taxes and
minority interests |
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2,923 |
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(74,186) |
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(8,960) |
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Provision
for income taxes |
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(7,125) |
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(10,120) |
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(1,222) |
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Minority interests |
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2,743 |
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57,319 |
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6,923 |
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Loss from continuing operations |
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(1,459) |
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(26,987) |
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(3,259) |
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(Loss)
Income from discontinued operations |
(1) |
(16,566) |
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3,929 |
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475 |
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Net loss and total comprehensive loss |
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(18,025) |
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(23,058) |
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(2,784) |
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Basic
and diluted net (loss) income per share (in Rmb/US$) |
(3) |
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- Continuing
operations |
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(0.16) |
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(2.99) |
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(0.36) |
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- Discontinued
operations |
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(1.84) |
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0.44 |
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0.05 |
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Net
loss |
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(2.00) |
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(2.55) |
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(0.31) |
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Consolidated
Balance Sheets Data : |
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As at December 31, |
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As at June 30, |
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2001 |
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�@ |
2002 |
�@ |
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Rmb'000 |
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Rmb'000 |
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US$'000 (2) |
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(audited) |
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(unaudited) |
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(unaudited) |
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Working
Capital |
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346,678 |
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101,407 |
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12,248 |
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Property, plant and equipment,
net |
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924,678 |
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728,238 |
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87,951 |
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Total
assets |
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2,978,965 |
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3,208,191 |
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387,463 |
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Current
liabilities |
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1,558,660 |
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1,891,368 |
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228,426 |
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Non-current portion of
long-term loans |
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37,979 |
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58,819 |
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7,104 |
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Due
to Chinese joint venture partners |
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30,807 |
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34,278 |
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4,140 |
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Loan
from related companies |
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24,498 |
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9,307 |
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1,124 |
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Minority
interests |
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522,824 |
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445,614 |
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53,818 |
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Shareholders'
equity |
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804,197 |
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768,805 |
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92,851 |
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