China Wonder Share Discussion Threads

[enewman36] 05/9/2007 09:05

WOW, some news......

China Wonder Limited
05 September 2007

For immediate release.



CHINA WONDER LIMITED
('China Wonder' or the 'Company)
(together with its subsidiaries the 'Group')


Interim Results for the six months ended 30 June 2007 (unaudited)


I am pleased to report the Group's results for the six months to 30 June 2007
which are set out below. The figures include four months' contribution from
Jinzhou Wonder Machinery Equipment Co Ltd ('WE') which was acquired at the end
of February 2007. Basic earnings per share were 0.84p compared with 0.46p for
the comparable period in 2006.


To date the performance of WE has exceeded our expectations, contributing an
operating profit for the four month period of £108,000. The Group continues to
be cash positive. During the period under review we manufactured and delivered a
full production line demonstrating our ability to produce more sophisticated
machinery.


The Group is currently undergoing a capital reconstruction which, subject to
Chinese Government approval, should enable the Company to pay dividends in the
future. It is not the intention of the board to announce a dividend at this
time.


Your board is constantly looking for opportunities, either by acquisition or by
collaboration, both in The People's Republic of China and The United Kingdom.


PETER G DELLAR

Chairman


For more information please contact:

Mark Chapman, China Wonder Limited 01483 892 130

David Youngman, WH Ireland Limited 0161 832 2174



CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE SIX MONTHS ENDED 30 JUNE 2007

Six months Six months Year ended
ended 30 ended 30 31
June 2007 June 2006 December 2006
Note Unaudited Unaudited Audited
£ £ £

REVENUE 1,089,239 585,156 1,064,479
Cost of sales (706,171) (345,652) (530,234)
GROSS PROFIT 383,068 239,504 534,245
OTHER OPERATING INCOME - 7,131 54,085
OPERATING EXPENSES
Distribution expenses (67,326) (59,582) (112,241)
Administrative expenses (152,427) (120,135) (262,534)
(219,753) (179,717) (374,775)
PROFIT FROM OPERATIONS 163,315 66,918 213,555
Finance income 575 71 187
Finance costs (1,978) (2,022) (4,293)
PROFIT BEFORE TAX 161,912 64,967 209,449
TAXATION (29,626) (14,464) (53,943)
PROFIT FOR THE YEAR ATTRIBUTABLE
TO EQUITY HOLDERS OF THE PARENT 132,286 50,503 155,506

EARNINGS PER SHARE
Basic 2 0.84 p 0.46 p 1.41 p
Diluted 2 0.82 p 0.44 p 1.40 p

CONSOLIDATED STATEMENT OF RECOGNISED INCOME AND EXPENSE FOR THE SIX MONTHS ENDED 30 JUNE 2007


Six months Six months Year ended
ended 30 ended 30 31
June 2007 June 2006 December 2006
Unaudited Unaudited Audited
£ £ £

Exchange differences on translation of foreign 264 (84,787) (118,523)
operations

Net (expense)/income recognised directly in 264 (84,787) (118,523)
equity
Profit for the 132,286 50,503 155,506
period
TOTAL RECOGNISED INCOME AND EXPENSE FOR THE PERIOD
ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 132,550 (34,284) 36,983


CONSOLIDATED BALANCE SHEET FOR THE SIX MONTHS ENDED 30 JUNE 2007

30 June 30 June 31 December
2007 2006 2006
Unaudited Unaudited Audited
£ £ £
ASSETS
Non-current assets
Property, plant and equipment 660,112 627,245 560,111
Goodwill 697,397 - 64,062
Intangible assets 63,179 34,316 6,738
Deferred tax asset 6,739 5,214 -
1,427,427 666,775 630,911
Current assets
Inventories 601,771 248,382 277,259
Trade and other receivables 1,050,435 678,223 648,612
Cash and cash equivalents 415,483 262,375 262,080

2,067,689 1,188,980 1,187,951
TOTAL ASSETS 3,495,116 1,855,755 1,818,862
Current liabilities
Short-term loan (65,479) - -
Trade and other payables (1,192,487) (784,894) (649,411)

Tax liabilities (26,162) (8,162) (35,485)

(1,284,128) (793,056) (684,896)

NET ASSETS 2,210,988 1,062,699 1,133,966


EQUITY ATTRIBUTABLE TO EQUITY HOLDERS
OF THE PARENT
Share capital 450,000 275,000 275,000
Share premium 1,289,730 519,730 519,730
Statutory reserves 97,848 63,072 97,848
Translation reserve (29,231) 4,769 (28,967)
Retained earnings 402,641 200,128 270,355

TOTAL EQUITY 2,210,988 1,062,699 1,133,966




CONSOLIDATED CASH FLOW FOR THE SIX MONTHS ENDED 30 JUNE 2007


Six months Six months Year ended
ended 30 ended 30 31 December
June 2007 June 2006 2006
Unaudited Unaudited Audited
£ £ £

PROFIT FROM OPERATIONS 163,315 66,918 213,555
Depreciation of property, plant and 20,588 20,270 41,352
equipment
Amortisation of intangibles 1,875 867 1,874

OPERATING CASH FLOW BEFORE WORKING CAPITAL 185,778 88,055 256,781
(Increase) in inventories (324,274) (36,514) (72,361)
(Increase)/decrease in (401,225) 78,378 83,162
receivables
Increase/(decrease) in payables 543,414 (44,333) (133,279)
Interest paid (1,978) (2,022) (4,293)
Tax paid (38,918) (14,464) (98,711)

NET CASH GENERATED/(ABSORBED) BY
OPERATING ACTIVITIES (37,203) 69,100 31,299


INVESTING ACTIVITIES
Purchase of property, plant and equipment (125,012) (3,491) (50,737)
Additions to intangibles (698,334) - -
Interest received 575 71 187

Net cash used in investing (822,771) (3,420) (50,550)
activities

FINANCING ACTIVITIES
Issue of ordinary share capital 945,000 - -
New bank loan (repaid) 65,479 (202,945) (196,270)

Net cash from financing 1,010,479 (202,945) (196,270)
activities
NET INCREASE IN CASH
AND CASH EQUIVALENTS 150,505 (137,265) (215,521)

Cash and cash equivalents
at the beginning of the period 262,080 428,587 428,587

Effect of foreign exchange 2,898 (28,947) 49,014
differences

CASH AND CASH EQUIVALENTS
AT THE END OF THE PERIOD 415,483 262,375 262,080


NOTES TO THE FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2007

1. ACCOUNTING POLICIES

Basis of accounting

The interim financial information for the six months ended 30 June 2007 and that for the equivalent period in
2006 is unaudited. The comparatives for the full year ended 31 December 2006 are not the Group's full
statutory accounts for that year. A copy of the statutory accounts for that year has been delivered to the
Jersey Financial Services Commission. The auditors' report on those accounts was unqualified, did not include
references to any matters to which the auditors drew attention by way of emphasis without qualifying their
report and did not contain a statement under Article 111 of the Companies (Jersey) Law 1991.
The interim financial information has been prepared in accordance with the accounting policies and
presentation required by International Financial Reporting Standards, incorporating International Accounting
Standards and Interpretations (collectively 'IFRS') as endorsed by the European Union.
The interim report is presented and prepared in a form consistent with that which has been adopted in the
Group's annual accounts having regard to the accounting standards applicable to such accounts.

2. EARNINGS PER SHARE

The calculation of the basic and diluted earnings per share is based on the following data:

Earnings Six months Six months Year ended
ended 30 ended 30 31 December
June 2007 June 2006 2006
Earnings for the purpose of basic and diluted earnings £132,286 £50,503 £155,506
per share being net profit attributable to equity holders
of the parent

Number of shares
Weighted average number of Ordinary Shares for the 15,795,580 11,000,000 11,000,000
purposes of basic earnings per share
Weighted average number of Ordinary Shares for the 16,045,580 11,250,000 11,078,533
purposes of diluted earnings per share

Earnings per share
Basic 0.84 p 0.46 p 1.41 p
Diluted 0.82 p 0.44 p 1.40 p

3. POST BALANCE SHEET EVENTS

None.



This information is provided by RNS
The company news service from the London Stock Exchange

[ju1cester] 18/7/2007 16:03

It's not suspended, but it's got as much of a future as a chicken at a pit-bull fight.

[eggbird] 18/7/2007 10:44

It isnt suspended anymore, see rns from last month below:


RESTORATION OF TRADING ON AIM


CHINA WONDER LIMITED

The trading on AIM for the under-mentioned securities was temporarily suspended.
The suspension is lifted from 01/06/2007 07:00am following the appointment of
a nominated adviser.

[801710245] 04/7/2007 07:25

How long is this share likely to remain suspended?

[delaton] 14/6/2007 10:29

I'm taking a long long view on this one, and add when it is dirt cheap. Fundamental business is not exciting but could prove consistent and beneficial in a maturing economy so a while to go yet (providing they don't go bust)!

[chaweewan] 14/6/2007 09:24

This is another of my 'dead ducks', Chinese this time - despite being warned by a frequent visitor to China to beware the background of companies in the unstable commercial enviroment there. tt

[eggbird] 01/6/2007 08:00

This could have a very good run now!! I remember LNG coming back from suspension at 6-7p, and a few weeks later had tripled...........and CWO is profit making with no debt, and a market cap of £3m, with growing EPS!

NICE!

[eggbird] 01/6/2007 07:56

Great news!!!!

[roma77] 01/6/2007 07:54

You reckon wrong Ricardo as u will no doubt be wrong with CYC too.

[janeann] 01/6/2007 07:20

and a quick look suggests the results arent too bad either, seems too have stoof still for a year tho!

[lord santafe] 01/6/2007 07:17

No one ever seems to believe a company can relist once they have lost their nomadated advisor. Well CWO has come back to market and so Northern Linx may well come back too.

[ricardoskull] 25/5/2007 17:12

Will it appoint a new Nomad? Will it come back to market? I reckon not.

[ju1cester] 23/5/2007 16:32

It's a bit like watching a pidgeon that's been hit by a car flapping about in the road. It shows signs of life, but it's beyond help.

[delaton] 21/5/2007 14:38

Thanks. Hope the results are good, this one could do with a lift. It'll probably be full of (eastern) promises !

[scumdog] 21/5/2007 11:53

Comment in today's Daily Telegraph says that CWO is close to appointing a new NOMAD and announcing its results - tomorrow they say.
(Page B7).

[delaton] 15/5/2007 10:59

No News for two weeks, anybody know what is happening?

[topvest] 01/5/2007 20:57

Quite noteworthy that no mention of a temporary suspension. It doesn't look good for CYC and all its associated ventures. Pack of cards?!

[substantial wealth] 01/5/2007 08:53

CYC give them the hint last week, now they leave here good job...new broker for CYC and CW0..SWC will relist and CYC as a new company

[maxk] 01/5/2007 08:42

Why would the nomad call it a day?

[william-just] 01/5/2007 07:20

RNS Number:8332V
China Wonder Limited
01 May 2007

China Wonder Limited


The Company announces that Blue Oar Securities Plc has today resigned as
nominated adviser and broker, and as a result the Company will be suspended
pursuant to AIM Rule 1.

[william-just] 30/3/2007 07:15

China Wonder Share, Board & Sales Update


RNS Number:0379U
China Wonder Limited
30 March 2007



China Wonder Limited



("China Wonder" or the "Company")



Share Issue, Board Appointment and Sales Update.



On the 23 February 2007 the Company announced the purchase of Wonder Equipment
Ltd. As a result of the acquisition the Company has issued shares to 3 parties:



* Hailin Liang 1,375,000 shares, representing approximately 7.6%
of the entire issued share capital of the Company.



* Jianxin Fei 1,375,000 shares, representing approximately 7.6%
of the entire issued share capital of the Company.



* Qingdong Zeng 2,750,000 shares 15.2%. This brings the total number
of shares owned by Mr Zeng 3,759, 000 representing approximately 20.88% of
the entire issued share capital.



Application will be made to have the shares admitted to trading on AIM.



On March 27th 2007 Mr.Zeng was appointed to the Board of China Wonder Ltd.
Mr Zeng ,44, is married with a son.



Mr Zeng is an Engineer and a Director of the following companies;



* Jinzhou Wonder Auto Suspension System Ltd.
* Jinzhou Wonder-Friend Mechanical Parts Co.Ltd.
* Jinzhou Wonder Machinery Equipment Ltd
* Jinzheng Auto Safety System Holding Co.Ltd



There is no other information that requires to be disclosed in respect of Mr
Zeng's appointment in accordance with paragraph (g) of Schedule Two of the AIM
rules for Companies.



In addition Mr Zeng has been granted" Expert" status by the Government which
entitles him to a special stipend.



The Board welcomes Mr Zeng and is confident that his knowledge and experience of
the sector and market will be of great benefit to the Company.



Sales Update



Despite subdued demand within China as a whole, the Company is pleased to
announce that it is continuing to receive new orders from Europe.



The Company is shipping two machines to Belgium in the next ten days and has
received confirmation of a further order to Spain.



Following this the Directors will be attending the machinery exhibition in
Birmingham in May as part of an ongoing effort to strengthen distribution in
Europe.



The company expects to publish its accounts for the year ended 31st December
2006 in May.

[enewman36] 12/3/2007 13:29

Yep, really motoring, up 2% lol