Annual and transition report of foreign private issuers pursuant to sections 13 or 15(d)

EARNINGS (LOSS) PER COMMON SHARE

v2.4.0.6
EARNINGS (LOSS) PER COMMON SHARE
12 Months Ended
Mar. 31, 2012
EARNINGS (LOSS) PER COMMON SHARE  
EARNINGS (LOSS) PER COMMON SHARE

(16)  EARNINGS (LOSS) PER COMMON SHARE

 

Basic and diluted earnings (loss) per common share are calculated as follows:

 

 

 

Year Ended March 31,

 

 

 

2010

 

2011

 

2012

 

 

 

RMB

 

RMB

 

RMB

 

Numerator:

 

 

 

 

 

 

 

Net earnings (loss)

 

(35,349,991

)

19,754,016

 

55,841,470

 

Less: Dividends paid to participating securities

 

 

 

(1,476,269

)

Net earnings attributable to participating securities

 

 

(162,360

)

 

Net earnings (loss) available to common shareholders

 

(35,349,991

)

19,591,656

 

54,365,201

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic earnings (loss) per share:

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

44,789,512

 

44,469,182

 

44,713,418

 

Plus: Incremental shares issuable upon exercise of share options

 

 

 

951,469

 

Denominator for diluted earnings (loss) per share

 

44,789,512

 

44,469,182

 

45,664,887

 

Basic earnings (loss) per common share

 

(0.79

)

0.44

 

1.22

 

Diluted earnings (loss) per common share

 

(0.79

)

0.44

 

1.19

 

 

The following table summarizes potential common shares outstanding excluded from the calculation of diluted earnings (loss) per share for the years ended March 31, 2010, 2011 and 2012, because their effect is anti-dilutive:

 

 

 

Year ended March 31,

 

 

 

2010

 

2011

 

2012

 

Shares issuable under share options

 

3,413,251

 

3,262,650

 

100,000