Quarterly Results announcement form Name of listed company : TECHWAYSON HOLDINGS LIMITED Stock code : 8098 Year end date : 30/06/2002 Important Note : 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 (Unaudited) (Unaudited) Current Last Corresponding Period Period from 01/07/2001 from 01/07/2000 to 31/12/2001 to 31/12/2000 RMB'000 RMB'000 Turnover : 90,229 95,062 Profit/(Loss) from Operations : 36,353 43,545 Finance cost : -71 -52 Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : 35,606 43,597 % Change Over the Last Period : -18.33 % EPS / (LPS) - Basic :RMB10.17 cents RMB15.57cents - Diluted : 0 0 Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 35,606 43,597 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: NIL B/C Dates for Other Distribution : N/A to N/A bdi. (bdi: both days inclusive) For and on behalf of TECHWAYSON HOLDINGS LIMITED Signature : Name : Sze Kwan Title : Chairman 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. Remarks: 1.Group reorganisation and basis of presentation: (a).The Company was incorporated in the Cayman Islands on 1 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("GEM") of The Stock Exchange of Hong Kong Limited(the "Stock Exchange") since 8 February 2001. (b).On 16 January 2001,the Company became the holding company of other companies comprising the Group pursuant to a group reorganisation(the "Reorganisation")which included exchanges of shares. The Reorganisation involved companies under common control, and the Company and its subsidiaries resulting from the Reorganisation are regarded as continuing group. Accordingly, the Reorganisation has been accounted for on the basis of merger accounting,under which the consolidated financial statements have been prepared as if the Company had been the holding company of the other companies comprising the Group throughout the six months and three months ended 31 December 2000, rather than from the date on which the Reorganisation was completed. (c).The interim financial statements are prepared in accordance with Hong Kong Statement of Standard Accounting Practice("SSAP") No.25, "Interim Financial Reporting" and No.26,"Segment Reporting",issued by the Hong Kong Society of Accountants, and the disclosure requirement 18.55 of the Rules Governing the Listing of Securities on the GEM of the Stock Exchange(the "GEM" Listing Rules"). 2.Turnover: The Group's turnover represented revenue generated from fixed price contracts in respect of (i) sales of system control equipment and software products,and (ii) fees for system integration services and was further classified under the heading of industrial automation services and building automation services. The Group's revenue from fixed price contracts is stated after deducting Mainland China value-added tax and city and county maintenance tax. An analysis of the turnover by principal activities of the operations of the Group during the reporting periods is as follows: For the six months ended 31 December Building Industrial Buidling Industrial automation automation Total automation automation Total 2001 2001 2001 2000 2000 2000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 Income from fixed price contracts *Sales of system control equipment and software products 63,221 787 64,008 - 88,155 88,155 *Fee for system integration services 26,171 50 26,221 - 6,907 6,907 89,392 837 90,229 - 95,062 95,062 Materials and equipment (47,316) (581) (47,897) - (33,461) (33,461) 42,076 256 42,332 - 61,601 61,601 For the three months ended 31 December Building Industrial Building Industrial automation automation Total automation automation Total 2001 2001 2001 2000 2000 2000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 Income from fixed price contracts *sales of system control equipment and software products 56,971 492 57,463 - 60,935 60,935 *Fee for system integration services 26,171 50 26,221 - 3,889 3,889 83,142 542 83,684 - 64,824 64,824 Materials and equipment (45,158) (388) (45,546) - (21,820) (21,820) 37,984 154 38,138 - 43,004 43,004 3.Earnings per shareˇG The calculation of basic earnings per share for the six months and three months ended 31 December 2001 is based on the consolidated profit attributable to shareholders of approximately RMB35,606,000 and RMB34,838,000(2000:RMB43,597,000 and RMB32,647,000) respectively and the weighted averaged number of approximatley 350,000,000 shares (2000:280,000,000 shares) deemed to be in issue during the period. Diluted earnings per share was not presented because there were no dilutive potential ordinary shares in issue during the six months and three months ended 31 December 2000 and 2001. 4.ReservesˇG Movements of reserves of the Group are as follows: Statutory Share reserve Capital Retained premium funds reserve profit Total RMB'000 RMB'000 RMB'000 RMB'000 RMB'000 As at 30 June 2001 7,160 5,309 13,841 63,789 90,099 Profit attributable to shareholders - - - 35,606 35,606 As at 31 December 2001 7,160 5,309 13,841 99,395 125,705