Quarterly Results announcement form Name of listed company :Sinotronics Holdings Limited Stock code :8115 Year end date :30/06/2002 This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com Currency: RMB'000 (Unaudited) (Unaudited) Last Quarterly Results Announcement Current Corresponding Period Period from 01/07/2001 from 01/07/2000 to 31/12/2001 to 31/12/2000 RMB'000 RMB'000 Turnover : 97,737 78,542 Profit/(Loss) from Operations : 40,863 32,438 Finance cost : -1,730 -2,582 Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI 31,478 27,439 % Change Over the Last Period : 14.72 % EPS / (LPS) - Basic : RMB 9.06 cents RMB 10.16 cents - Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 31,478 27,439 2nd Q * Dividend per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 2nd Q* Dividend : N/A to N/A bdi. Payable Date : N/A B/C Dates for AGM/SGM : N/A to N/A bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A to N/A bdi. (bdi: both days inclusive) For and on behalf of Sinotronics Holdings Limited Signature : Name :Tong Yiu On, Kendrick Title :Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading.The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remark: 1. Group reorganisation and basis of presentation The company was incorporated in the Cayman Islands on 29th September, 2000 as an exempted company with limited liability under the Companies Law (Revised) of the Cayman Islands. Its shares have been listed on The Growth Enterprise Market of The Stock Exchange of Hong Kong Limited since 17th May, 2001. On 8th May, the Company became the holding company of the other companies comprising the Group pursuant to a group reorganisation (the "Reorganisation") which included exchange of shares. The Reorganisation involved companies under common control, and the Group, resulting from the Reorganisation, is regarded as a continuing group. Accordingly, the Reorganisation has been accounted for on the basis of merger accounting, under which the unaudited consolidated results of the Group for the six months ended 31st December, 2000 have been prepared as if the Company had been the holding company of the other companies comprising the Group throughout the six months ended 31st December, 2000, rather than from the date on which the Reorganisation was completed. The comparative figures as at and for the six months ended 31st December, 2001 have been presented on the same basis. These unaudited condensed consolidated financial statements have been prepared in accordance with Statement of Standard Accounting Practices 25 "interim financial reporting" ("SSAP 25") issued by the Hong Kong Society of Accountants, except that comparative figures have not been presented in the condensed consolidated cash flow statement and in the condensed consolidated statement of recognised gains and losses. Such departure from SSAP 25 is permitted under the Rules Governing the Listing of Securities on the GEM of the Stock Exchange. 2. Earnings per share The calculation of basic earnings per share for the six months ended 31st December, 2001 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB 31,478,000 and on the 347,625,000 ordinary shares in issue during the six months ended 31st December, 2001. The calculation of earnings per share for the six months ended 31st December, 2000 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB 27,439,000 and on the 270,000,000 ordinary shares in issue and issuable pursuant to a capitalisation issue in connection with the Company's share offering in May 2001. Diluted earnings per share was not presented as there were no dilutive potential ordinary shares in existence during the six months ended 31st December, 2001 and 31st December,2000.