annual report 2014
I
Notes to the Financial Statements
31 December 2014 (Cont’d)
101
27. EARNINGS PER SHARE
(a)
Basic
Basic earnings per ordinary share for the financial year is calculated by dividing the profit for the financial year
attributable to equity holders of the parent by the weighted average number of ordinary shares outstanding
during the financial year.
Group
2014
2013
RMB’000
RMB’000
Profit attributable to equity holders of the parent
49,579
103,575
Weighted average number of ordinary shares in issue (in ’000)
725,998
725,998
Effect of rights issue (in ’000)
224,761
–
Effect of bonus issue (in ’000)
181,500
181,500
Adjusted weighted average number of ordinary shares applicable to
basic earnings per ordinary share (in ’000)
1,132,259
907,498
Basic earnings per ordinary share (RMB)
0.0438
0.1141
(b)
Diluted
The diluted earnings per ordinary share is same as the basic earnings per share because the effect of the
assumed conversion of warrants outstanding will be anti-dilutive and the Company has no other dilutive
potential ordinary share in issue as at the end of the financial year.
28. OPERATING SEGMENTS
The activities of the Group are predominantly in designing, manufacturing and marketing of sports shoes as well as
designing and marketing of sports apparel, accessories and equipment within PRC. The operations of the Group are
concentrated in Jinjiang City, Fujian Province of PRC, which represents its principal place of business and in which
the assets and liabilities of the Group is located.
Due to the similarities in the business operations between the two operating subsidiaries in PRC, the chief operating
decision maker of the Group, the Chief Executive Officer (“CEO”) of the Group in this context manages the operations
within the Group as a whole in single segment and relies on internal reports which are similar to those currently
disclosed externally to make decisions about allocation of resources.
The Group evaluates performance on the basis of revenue from operation. The analysis is as follows:
Own
Original
branding
equipment
manufacturer manufacturer
Other
Total
RMB’000
RMB’000
RMB’000
RMB’000
2014
Revenue
392,534
137,501
–
530,035
Interest income
1,727
68
96
1,891
Finance cost
(594)
–
–
(594)
Net finance income
1,133
68
96
1,297
