GREENCOOL TECH<08056> - Results Announcement (Q2, 2004, Summary)

GREENCOOL TECHNOLOGY HOLDINGS LIMITED announced on 12/08/2004:
(stock code: 08056 )

Year end date                         :31/12/2004
Currency                              :RMB
Auditors' report                      :N/A
2nd Quarterly Report Reviewed by       Audit Committee

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 01/01/2004   from 01/01/2003
                                         to 30/06/2004     to 30/06/2003
                                               RMB'000           RMB'000

Turnover                              :         56,939            53,594
Profit/(Loss) from Operations         :         10,282             6,293
Finance cost                          :        (2,009)           (1,478)
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :          6,033             5,002
% Change Over the Last Period         :         +20.61%
EPS / (LPS)
          Basic (in dollar)           :      RMB 0.006         RMB 0.005
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         6,033             5,002
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarter Dividends   :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

For and on behalf of
GREENCOOL TECHNOLOGY HOLDINGS LIMITED

Signature :
Name      : MOK HENRY WING KAI
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.

Remarks:
	
(1) Turnover from continuing operations and discontinued operations
                            For the six months ended 30 June
                                   2004             2003
                                  RMB'000          RMB'000
Continuing Operations              56,939           53,594
Discontinued Operations                0                0
                                 --------         --------
Total                             56,939           53,594
                                 ========         ========
	
Turnover of continuing operations comprised the followings:
                            For the six months ended 30 June
                                   2004             2003
                                  RMB'000          RMB'000
Conversion engineering income      56,351           47,406
Sale of CFC-free refrigerants         588            6,188
                                 --------         --------
Total                              56,939           53,594
                                 ========         ========
	
(2) Profit from continuing operations and discontinued operations
                            For the six months ended 30 June
                                   2004             2003
                                  RMB'000          RMB'000
Continuing Operations              10,282            6,293
Discontinued Operations                 0                0
                                 --------         --------
Total                              10,282            6,293
                                 ========         ========
	
(3) Earnings per share("EPS")
	
The calculation of the basic earnings per share for the six
months ended 30 June 2004 is based on the unaudited net profits
of RMB6,033,000(2003: RMB5,002,000) and ont the weighted average
of 1,000,000,000 shares in issue throughout the period.
	
No diluted EPS for the six months ended 30 June 2004 has been
presented as the exercise price of the Company's option was higher
than the average market price per shares.