EXHIBIT 11
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SUNBASE ASIA, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1999 and 2000
(Amounts in thousands, except number
of shares and per share data)
Six Months Ended June 30 Three Months Ended June 30
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1999 2000 2000 1999 2000 2000
RMB RMB US$ RMB RMB US$
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BASIC
Net income/(loss) from
continuing operations (28,928) (18,178) (2,197) (13,743) (357) (43)
Net loss from
discontinued operations,
net of income taxes (12,663) - - (12,209) - -
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(41,591) (18,178) (2,197) (25,952) (357) (43)
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Weighted average number
of shares of Common
Stock outstanding:
Shares of common stock
outstanding 14,118,751 14,118,867 14,118,867 14,118,751 14,118,867 14,118,867
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Loss per common share:
Basic and diluted
income/(loss) from
continuing operations (2.05) (1.29) (0.16) (0.97) (0.02) (0.003)
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Basic and diluted
Net income /(loss) (2.95) (1.29) (0.16) (1.84) (0.02) (0.003)
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COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1999 and 2000
(Amounts in thousands, except number
of shares and per share data)
Weighted average number of shares of
Common stock outstanding:
Shares of common stock
outstanding 14,118,751 14,118,751 14,118,751 14,118,751 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 issuable
assuming conversion of the
convertible debentures on
August 23, 1996 - - - - - -
Share issued as a result of reverse
stock split - 116 116 - 116 116
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Total weighted average number of
shares of common stock and
common stock equivalents
outstanding 14,118,751 14,118,867 14,118,867 14,118,751 14,118,867 14,118,867
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41