EXHIBIT 11
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SUNBASE ASIA, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 1998 AND 1999
(Amounts in thousands, except number of shares and per share data)
Nine Months Ended September 30, Three Months Ended September 30,
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1998 1999 1999 1998 1999 1999
RMB RMB US$ RMB RMB US$
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BASIC
Net loss from continuing operations (27,878) (113,438) (13,669) (19,985) (84,510) (10,183)
Net loss from discontinued operation,
net of income taxes (2,214) (16,568) (1,996) (713) (3,905) (470)
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(30,092) (130,006) (15,665) (20,698) (88,415) (10,653)
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Weighted average number of
shares of common stock outstanding:
Share of common stock outstanding 13,215,509 14,118,751 14,118,751 13,576,116 14,118,751 14,118,751
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Net loss per common share:
Loss from continuing operation (2.11) (8.03) (0.97) (1.47) (5.99) (0.72)
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Net loss (2.28) (9.21) (1.11) (1.53) (6.26) (0.75)
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SUNBASE ASIA, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 1998 AND 1999
(Amounts in thousands, except number of shares and per share data)
Nine Months Ended September 30, Three Months Ended September 30,
------------------------------- --------------------------------
1998 1999 1999 1998 1999 1999
RMB RMB US$ RMB RMB US$
--- --- --- --- --- ---
DILUTED
Net loss from continuing operation (27,878) (113,438) (13,669) (19,985) (84,510) (10,183)
Net loss from discontinued operations,
net of income taxes (2,214) (16,568) (1,996) (713) (3,905) (470)
------- -------- ------- ------- -------- -------
Net loss (30,092) (130,006) (15,665) (20,698) (88,415) (10,653)
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Weighted average number of shares
of common stock outstanding:
Share of common stock
outstanding on January 1 12,700,142 14,118,751 14,118,751 12,700,142 14,118,751 14,118,751
Conversion of Series B Preferred
Share 515,364 - - 875,971 - -
Share issued as a result of rounding
from reverse stock split 3 - - 3 - -
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Weighted average number of
shares of common stock outstanding 13,215,509 14,118,751 14,118,751 13,576,116 14,118,751 14,118,751
Shares of common stock
issuable assuming conversion of
the Convertible Preferred Stock
- Series A - - - - - -
- Series B - - - - - -
Shares of common stock issuable
assuming conversion of the
Convertible Debentures on
August 23, 1996 - - - - - -
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Total weighted average number of
shares of common stock and
common stock equivalents
outstanding 13,215,509 14,118,751 14,118,751 13,576,116 14,118,751 14,118,751
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Net loss per common share:
Net loss from continuing operation (2.11) (8.03) (0.97) (1.47) (5.99) (0.72)
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Net loss (2.28) (9.21) (1.11) (1.53) (6.26) (0.75)
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