复地(集团)股份有限公司(「本公司」或「复.pdfVIP

SHANGHAI FORTE LAND CO., LTD. The Board of Directors (the “Board”) of Shanghai Forte Land Co., Ltd. (the “Company” or “Forte”) is pleased to announce its unaudited consolidated interim results of the Company, its subsidiaries and its jointly controlled entity (the “Group”) for the six months ended 30 June 2004 (the “Period”) prepared 34 in conformity with the International Financial Reporting Standards (“IFRS”) 34 “Interim Financial Reporting” promulgated by the International Accounting Standards Board (the “Interim Results”). The Interim Results have been reviewed and confirmed by the Audit Committee of the Company. Results and Dividends During the Period, the Group recorded a turnover of about RMB918,082,000. Gross profit margin of the Group reached 918,082,00039.42% 39.42%. Profit from operating activities was RMB306,509,000. 306,509,000 Profit attributable to shareholders was RMB220,150,000. 220,150,000 Basic earnings per share amounted to RMB0.107 for the 0.107 Period. The Board had declared to pay an interim dividend of RMB 0.06 per share for the six months ended 30 June 0.06 2004. Management Discussion and Analysis Operational Review Market Overview During the Period, there were significant changes in the macro-economic policies of the PRC. During the past two years, the PRC economy grew rapidly. However, bottleneck issues became apparent in respect of the energy and transportation sectors due to the excessive growth in certain industries. The PRC government launched a series of macro-