Unaudited Financial Statement and Dividend Announcement for the First Quarter (3 months) Ended 31 March 2014 of
Leader Environmental Technologies Limited (“Company”) and Its Subsidiary (Collectively, “Group”)
PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1, Q2 & Q3), HALF-YEAR AND FULL
YEAR RESULTS
1(a)(i) Income statement and statement of comprehensive income, or a statement of comprehensive income, for
the group together with a comparative statement for the corresponding period of immediately preceding
year.
The Group’s operations are principally conducted in the People’s Republic of China (“PRC”). Accordingly, the
consolidated financial statements have been prepared in Chinese Renminbi (‘RMB”), being the functional currency of the
Group.
Jan to Mar Jan to Mar
2014 2013 change
RMB'000 RMB'000 %
Revenue 18,134 8,229 120.4%
Cost of sales (12,325) (6,073) 102.9%
Gross profit 5,809 2,156 169.4%
Financial income 26 28 -7.1%
Other income 21 312 -93.3%
Selling and distribution expenses (379) (498) -23.9%
Administrative expenses (2,883) (2,842) 1.4%
Finance costs (1,370) (1,658) -17.4%
Other expenses - (74) NM
Share of loss of associate companies (226) (73) 209.6%
Profit/(loss) before taxation 998 (2,649) NM
Taxation (684) (116) 489.7%
Profit/(loss) for the year representing total
comprehensive loss attributable to owners of 314 (2,765) NM
the Company *
* There are no other comprehensive income items for both financial periods.