EXHIBIT 11
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SUNBASE ASIA, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS ENDED MARCH 31, 1998 AND MARCH 31, 1999
(Amounts in thousands, except number
of shares and per share data)
Three Months Ended March 31,
1998 1998 1999 1999
RMB US$ RMB US$
--- --- --- ---
BASIC
Net loss from continuing operations (8,006) (964) (15,185) (1,829)
Net loss from discontinued operation,
net of income taxes of nil and RMB386
for the period ended March 31,
1998 and 1999, respectively (961) (116) (454) (55)
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(8,967) (1,080) (15,639) (1,884)
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Weighted average number of shares of
Common stock outstanding:
Shares of common stock outstanding 12,700,142 12,700,142 14,118,751 14,118,751
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Net loss per common share:
Loss from continuing operation (0.63) (0.08) (1.08) (0.13)
========== ========== ========= ==========
Net loss (0.71) (0.09) (1.11) (0.13)
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SUNBASE ASIA, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
THREE MONTHS ENDED MARCH 31, 1998 AND MARCH 31, 1999
(Amounts in thousands, except number
of shares and per share data)
Three Months Ended March 31,
----------------------------
1998 1998 1999 1999
RMB US$ RMB US$
--- --- --- ---
DILUTED
Net loss from continuing operation (8,006) (964) (15,185) (1,829)
Net loss from discontinued operations,
Net of income taxes of Nil and RMB386
For the period ended March 31,
1998 and 1999, respectively (961) (116) (454) (55)
------- ----- ------- ------
(8,967) (1,080) (15,639) (1,884)
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Weighted average number of shares of
Common stock outstanding:
Shares of common stock outstanding 12,700,142 12,700,142 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 - - - -
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Total weighted average number of
shares of common stock and
common stock equivalents
outstanding 12,700,142 12,700,142 14,118,751 14,118,751
========== ========== ========== ==========
Net loss per common share:
Net loss from continuing operation (0.63) (0.08) (1.08) (0.13)
========== ========== ========== ==========
Net loss (0.71) (0.09) (1.11) (0.13)
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