HONG KONG, Aug 4, 2009 - (ACN Newswire) - Major developer and provider of traffic monitoring control system in the PRC, Nanjing Sample Technology Company Limited ("Sample Technology" or the "Group", Stock Code: 8287), is pleased to announce its interim results for the six months ended 30 June 2009 (the "period under review").
In the period under review, the Group recorded an increase in its results. The Group recorded a turnover of RMB 276,684,000, representing an increase of 60.7% over the same period in the previous year; Gross profit increased by approximately 0.7%, from RMB77,092,000 to RMB 77,600,000; while profit attributable to owners of the parent rose by 0.5 % to approximately RMB5 7,585,000 ; Basic earnings per share were RMB 0.3. The Board does not recommend the payments of an interim dividend for the six months ended 30 June 2009.
Commenting on the interim results, Mr. Sha Min, Chairman of Nanjing Sample Technology Company Limited said, "Benefited by the RMB4,000 billion investment plan launched by the Central Government, the Group recorded a satisfactory results for the period under review, which is mainly due to the proactively developing our businesses and the expansion of market share of the Group. Moreover, in order to cope with the rapid development of the highway business, we were striving to explore new markets so as to enhance the market share in the industry. With our continuous effort, the Group has once again obtained the "Key software enterprise within the State planning framework", manifesting that the Group is recognized by the market."
Under the period review, the businesses of the Group were well developed. First of all, with respect to the results of the traffic sector, the Group successfully captured more market shares under the intense market competition. The Group initiated several projects, including the ePolice system project in Anqing, Anhui Province, the crime prevention security technology project in Jiaozhou, and Traffic Police Project in Rugao City, Jiangsu Province.
The Group has completed several development and tests projects in logisitic business area, including of the united platform system in Dalian Customs, the Xiamen bonded harbour logistics monitoring system and united platform for customs checkpoints, the intranet system in Nanjing Customs, and the entire system with supplementary requirements of Su-Tai Interaction Cooperation project. Meanwhile, the Group has launched various products such as intelligent customs checkpoint system and centralized customs checkpoint facility control system in the first half of the year.
In the highway sector, under the impact of the investment strategy of the State, the Group was actively participated in the bidding of certain significant projects in provinces such as Zhejiang, Guizhou, Guangxi, Gansu and Shanxi, and successful achieved in the highway project in Lu-Wu, Anhui, assuring the solid operation in key regional markets like Jiangsu, Anhui, Zhejiang and Chongqing. The Group also won the bid on the RMB 130 million M&E projects of the Zhuyong Highway and Tunnel in Zhejiang Province and the highway under such project would contain the longest tunnel in Zhejiang Province.
In the RFID sector, the Group was awarded "Innovative Product Award" in 2008 for RFID in the PRC, and provincial technological accreditation was obtained for all three newly invented RFID products, namely RFS2300 series RFID reader, RFS1503 portable read-write module and RFS261X series RFID reader, which made an important contribution to industrialization of the integration of RFID reader and chip in China as well as the application and development in various industries.
Regarding the future development of the Group, Mr. Sha said, "Facing the challenges in the second half of 2009, the Group will further strengthen its competitive advantages by using different strategies, and will actively utilize our market advantage to explore the business opportunities, maintain the quality of our existing projects, and t apply flexible marketing strategy to enhance the competitiveness of the Group and to expand the market shares of our businesses.
Benefit from the support of the State's strategy, we will continue to develop the highway M&E projects and further promote the application of traffic sector software in the industry. On the other hand, the Group will continue to strengthen our research and development, and to grasp the enormous market opportunities and enhance the operational management, in order to generate good returns to our shareholders."
About Sample Technology
Nanjing Sample Technology Company Limited was listed on the GEM of the Hong Kong Stock Exchange on 9 June 2004. The Group is a principal high-technology enterprise which is located in Nanjing. The Group is the PRC's major developer and provider in the field of intelligence traffic targeting on government authorities. Its products and system solutions are currently designated for use in traffic monitoring and control sector and custom logistics monitoring sector in the PRC. The video technologies adopted by the Group include video data capturing, transmission and processing technologies which involve the utilization of system solution software to enable, among others, digital video recording, photo taking, video data compression and decompression, various types of image processing and identification and data analyses. In the recent years, the Group has engaged in the investigation of microwave radio frequency technology, launched new technologies and new products continuously in the intelligent traffic sector and customs logistics sector, and continued to find out the upgrading potentials of information services. Visit www.sampletech.cn.
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Aug 4, 2009 11:21 HKT/SGT
Source: Sample Technology
Topic: Corporate Announcement
Sectors: Electronics, Daily Finance
From the Asia Corporate News Network
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