Listed Company Information

SPREADPROSPECTS<00572> - Results Announcement

Spread Prospects Holdings Limited announced on   6/4/2004:
(stock code: 00572 )
Year end date: 31/12/2003
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 337,588            262,506           
Profit/(Loss) from Operations      : 101,407            90,545            
Finance cost                       : (2,871)            (3,265)           
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       : 78,718             75,960            
% Change over Last Period          : +3.6      %
EPS/(LPS)-Basic (in dollars)       : 0.228              0.253             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 78,718             75,960            
Final Dividend                     : RMB 0.04           NIL               
  per Share                          (HK$0.038)                           
(Specify if with other             : N/A                N/A               
B/C Dates for 
  Final Dividend                   : 12/6/2004          to 18/6/2004 bdi.
Payable Date                       : 30/6/2004 
B/C Dates for Annual         
  General Meeting                  : 12/6/2004          to 18/6/2004 bdi.
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.

In the current year, the Group has adopted, for the first time, Hong Kong 
Financial Reporting Standard ("HKFRS") - the Statement of Standard 
Accounting Practice ("SSAP") 12 (Revised) "Income Taxes" issued by the 
Hong Kong Society of Accountants (the "HKSA").  The term of HKFRS is 
inclusive of SSAPs and interpretations approved by the HKSA.

SSAP 12 (Revised) "Income taxes"

The principal effect of the implementation of SSAP 12 (Revised) is in 
relation to deferred tax.  SSAP 12 (Revised) requires the adoption of a 
balance sheet liability method, whereby deferred tax is recognised in 
respect of all temporary differences between the carrying amount of assets 
and liabilities in the financial statements and the corresponding tax 
bases used in the computation of taxable profit, with limited exceptions.  
The adoption of SSAP 12 (Revised) has had no significant effect on the 
results for the current or prior accounting periods.

The financial statements have been prepared under the historical cost 
convention and in accordance with accounting principles generally accepted 
in Hong Kong.

2.      DIVIDEND

The final dividend of HK$0.038 (equivalent to RMB0.04) per share has been 
proposed by the directors and is subject to approval by the shareholders 
in general meeting.

Dividend for the year ended 31 December 2002 was paid by a subsidiary to 
its then shareholders prior to the Group's Reorganisation (details of the 
Reorganisation are set out in the prospectus dated 10 June 2003).


The calculation of basic earnings per share is based on the net profit for 
the year of RMB78,718,000 (2002: RMB75,960,000) and the weighted average 
of 344,916,164 shares (2002: 300,000,000 shares) that would have been in 
issue throughout the year. The 300,000,000 shares that were issued prior 
to the listing of the Company's shares on The Stock Exchange of Hong Kong 
Limited (the "Stock Exchange") and pursuant to the Reorganisation are 
treated as if they had been in issue throughout both years.

No diluted earnings per share is presented as there were no potential 
dilutive ordinary shares during both years.