RNS Number:5658O
Zhejiang Southeast Elec Power Co Ld
12 August 2003
Zhejiang Southeast Electric Power Company Limited
Interim Results 2003
I. Particulars of the Company
Abbreviation of Shares ZSEPC B shares Zhejiang GDRs
Code of Shares 900949 0949QLT
Listing Place Shanghai Stock Exchange London Stock Exchange
Secretary to Board of Directors Xia Jinghan
Contact Address Biao Li Tower, 528 Yan'an Road, Hangzhou
Telephone No. 0571-85774566
Fax No. 0571-85774321
E-mail Address xjh@zsepc.com
II. Main Accounting Data and Financial Indicators
Unit: RMB yuan
30 June 2003 31 Dec. 2002 Increase/decrease
(%)
Total Assets 8,845,688,847.99 8,602,419,267.42 2.83
Shareholders' Equity (excluding 5,740,924,745.75 5,386,781,727.00 6.57
minority shareholders' equity)
Net Asset Value per Share 2.86 2.68 6.72
Jan.-June 2003 Jan.-June 2002 Increase/decrease
(%)
Net Profit 354,143,018.75 296,993,882.25 19.24
Earnings per Share 0.176 0.148 18.92
Yield on Net Assets 6.17 5.24 17.75
III. Statement of Profit (Consolidated vs. Company) (Unaudited)
Statement of Profit
Prepared by: ZSEPC January-June 2003
Unit: RMB yuan
Item January-June 2003 January-June 2002
Company Consolidated Company Consolidated
1. Income from 1,678,644,959.84 2,006,210,874.42 1,593,850,915.17 1,593,850,915.17
principal
operating
activities
Less: Principal 1,087,106,829.83 1,323,179,148.26 1,039,563,215.61 1,039,563,215.61
operating costs
18,784,658.51 23,137,302.91 21,860,003.34 21,860,003.34
Principal
operating tax and
surtax
2. Profit from 572,753,471.50 659,894,423.25 532,427,696.22 532,427,696.22
principal
operating
activities (loss
indicated by "-")
461,422.94 461,422.94 279,486.92 279,486.92
Add: Profit
from other
activities
(loss
indicated by
"-")
Less: Operating
expenses
80,614,309.17 92,181,123.95 47,433,615.08 47,433,615.08
Administrative
expenses
10,236,261.36 28,017,963.74 21,335,945.65 21,335,945.65
Financial
expenses
3.Operating 482,364,323.91 540,156,758.50 463,937,622.41 463,937,622.41
profit (loss
indicated by "-")
Add: Return on 29,878,678.78 3,430,224.97 1,049,261.16
investment
(loss indicated
by "-")
Subsidy income
Non-operating 852,246.95 852,246.95 368,263.56 368,263.56
income
Less: 7,025,014.78 7,359,785.14 19,869,124.91 19,869,124.91
Non-operating
expenses
4.Gross profit 506,070,234.86 533,649,220.31 447,866,986.03 445,486,022.22
(loss indicated
by "-")
Less: Income tax 151,927,216.11 166,953,796.30 148,492,139.97 148,492,139.97
12,552,405.26
Less:
Minority
shareholders'
gains and
losses
5.Net profit 354,143,018.75 354,143,018.75 299,374,846.06 296,993,882.25
(loss indicated
by "-")
Board of Directors of
Zhejiang Southeast Electric Power Company Limit
12th August 2003
This information is provided by RNS
The company news service from the London Stock Exchange
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IR SFSSWESDSEIA