Listed Company Information

SPREADPROSPECTS<00572> - Results Announcement

Spread Prospects Holdings Limited announced on  15/9/2004:
(stock code: 00572 )
Year end date: 31/12/2004
Currency: RMB
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2004      from 1/1/2003  
                                     to 30/6/2004       to 30/6/2003  
                               Note  ('000      )       ('000      )
Turnover                           : 190,617            170,478           
Profit/(Loss) from Operations      : 54,463             54,974            
Finance cost                       : (1,325)            (1,479)           
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       : 42,063             42,446            
% Change over Last Period          : -0.9      %
EPS/(LPS)-Basic (in dollars)       : 0.109              0.139             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 42,063             42,446            
Interim Dividend                   : Nil                Nil               
  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 Company was incorporated as an exempted company with limited liability 
in the Cayman Islands on 21 October 2002 under the Companies Law, Cap.22 
(Law 3 of 1961, as consolidated and revised) of the Cayman Islands. 
Pursuant to a series of group reorganisation steps (the "Reorganisation"), 
the Company has since 2 June 2003 become the holding company of the 
subsidiaries now comprising the Group.

The group resulting from the Reorganisation is regarded as a continuing 
entity. Accordingly, the condensed financial statements of the Group have 
been prepared using the merger basis of accounting as if the Company had 
always been the holding company of the subsidiaries now comprising the 
Group in accordance with the Statement of Standard Accounting Practice 
No.27 "Accounting for group reconstructions" issued by the Hong Kong 
Institute of Certified Public Accountants (the "HKICPA").

The Company's ultimate holding company is Fu Teng Global Limited ("Fu 
Teng"), a company incorporated in the British Virgin Islands.

The condensed financial statements have been prepared in accordance with 
the applicable disclosure requirement of Appendix 16 to the Rules 
Governing the Listing of Securities on The Stock Exchange of Hong Kong 
Limited (the "Stock Exchange") and with the Statements of Standard 
Accounting Practice No.25 "Interim financial reporting" issued by the 

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 annual financial statements for the year ended 
31 December 2003.


The calculation of basic earnings per share is based on the net profit for 
the period of RMB42,063,000 (2003: RMB42,446,000) and on the weighted 
average of 386,536,264 shares (2003: 306,404,420 shares) in issue 
throughout the period. The 300,000,000 shares issued prior to the listing 
of the Company's shares on the Stock Exchange and pursuant to the 
Reorganisation are treated as if they had been in issue throughout the 
period ended 30 June 2003.

No diluted earnings per share for the period ended 30 June 2004 has been 
presented because the exercise price of the Company's outstanding share 
options is higher than the average market price of the Company's shares. 
There were no potential ordinary shares during the period ended 30 June