Neptune Vortex.doc

 PAGE \* MERGEFORMAT 19 Neptune Vortex Sea King of the problem is a commonplace problem, that is, when the company entered a phase of rapid expansion in the question of how to control and response; but it is also a new problem, that is becoming a big business at the same time, how to prove to the people themselves are the a truly healthy and good business. Winds and waves of Neptune, will begin to accept the development of the vortex test. Neptune curve In the booming advertising behind the Sea King how the performance like? Annual Report for 2002 has not yet come out, Let us, Sea King bio (000078) In recent years, the annual medium-term gains to make a comparison: From mid-1999’s earnings per share 0.18 yuan since mid-2000, 0.18 per share yuan, 2001 0.19 per share in mid-yuan, but by mid-2002 reported earnings per share were 0.04 yuan, down a considerable margin. If we say that is because the factors that increase the dilution of equity lost a large part of earnings per share (Sea King in mid-1999 the total share capital of 1.5 billion shares, by the mid-2002, total capital has increased to 330 million shares, more than doubled many), comparability is not strong, then we are on its after-tax profit for a curve to compare. As can be seen from the mid-1999, 27 million started to form by mid-2001 peak of 42 million, after a sudden last year dropped to 12 million, The magnitude of the startling. Which is worth noting that last year’s first quarter loss of Sea King appeared for the first time, until the end of the third quarter after-tax profit of only 2,000 million. Why does Sea King in 2002 after-tax profits drop so sharply? 2001, the Sea King’s main business revenue growth of 284.49 percent over the previous year, the main business profit growth of 235.89 percent over the previous year, net profit growth of 29.72 percent over the previous year only. The main business revenue in 2000 increased 125.11% over the previous year, the main business profit growt