SPREADPROSPECTS<00572> - Results Announcement

Spread Prospects Holdings Limited announced on  16/9/2003:
(stock code: 00572 )
Year end date: 31/12/2003
Currency: RMB
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 30/6/2003       to 30/6/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 170,478            91,319            
Profit/(Loss) from Operations      : 54,974             28,959            
Finance cost                       : (1,479)            (1,646)           
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 42,446             23,952            
% Change over Last Period          : +77       %
EPS/(LPS)-Basic (in dollars)       : 0.139              0.08              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 42,446             23,952            
Interim Dividend                   : Nil                N/A               
  per Share                                                               
(Specify if with other             : N/A                N/A               
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
B/C Dates for Other 
  Distribution                     : N/A          



The shares of the Company are listed on the Main Board of The Stock 
Exchange of the Hong Kong Limited (the "Stock Exchange") with effect from 
2 July 2003.

The condensed financial statements have been prepared in accordance with 
the applicable disclosure requirements of Appendix 16 to the Rules 
Governing the Listing of Securities on the Stock Exchange and with the 
Statement of Standard Accounting Practice No. 25 "Interim financial 
reporting" issued by the HKSA.

The condensed financial statements have been prepared under the historical 
cost convention.

The accounting policies adopted are consistent with those followed in the 
preparation of the Group's financial statements for the year ended 31 
December 2002 as set out in the Prospectus, except as described below.

In the current period, the Group has adopted, for the first time, the 
Statement of Standard Accounting Practice No. 12 (Revised) "Income taxes" 
("SSAP 12 (Revised)") issued by the HKSA.  SSAP 12 (Revised) has 
introduced a new basis of accounting for income taxes (including both 
current tax and deferred tax).  The adoption of SSAP 12 (Revised) has had 
no significant effect on the results for the current or prior accounting 
periods.  Accordingly, no prior year adjustment has been made.


                                                Six months ended 30 June
                                                2003    2002
                                                RMB'000 RMB'000

Business segments

  Manufacture and sale of tinplate cans         146,459 73,075
  Tinplate lacquering and printing services     24,019  18,244
                                                ------- ------- 
                                                170,478 91,319
                                                ======= =======


The calculation of basic earnings per share is based on the net profit for 
the period of RMB42,446,000 (2002: RMB23,952,000) and the weighted average 
of 306,404,420 shares (2002: 300,000,000 shares) that would have been in 
issue throughout the period.

There were no potential dilutive ordinary shares during both periods.