Quarterly Results announcement form
 
Name of listed company : TECHWAYSON HOLDINGS LIMITED
 
Stock code : 8098
 
Year end date : 30/06/2002
 
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
 
Currency: RMB'000
 (Unaudited) (Unaudited)
Quarterly Results Announcement Current Last Corresponding
 Period Period
 from 01/07/2001 from 01/07/2000
 to 31/03/2002 to 31/03/2001
 RMB'000 RMB'000
 
Turnover : 108,866 117,179
Profit/(Loss) from Operations : 38,297 50,686
Finance cost : -91 -309
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
 Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI 37,452 50,250
% Change Over the Last Period : -25.47 %
EPS / (LPS) - Basic : RMB10.70 cents RMB17.10cents
 - Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 37,452 50,250
3rd Q Dividend per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 : Lee Tiong Hock
 Title : Director
 
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.
 
Notes:
 
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 nine months
and three months ended 31 March 2001, rather than from the date
on which the Reorganisation was completed.
 
(c).The consolidated financial statements have been prepared in
accordance with Statement of Standard Accounting Practices issued by
the Hong Kong Society of Accountants and accounting principles
generally accepted in Hong Kong.
 
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 nine months ended 31 March
 Building Industrial Buidling Industrial
 automation automation Total automation automation Total
 2002 2002 2002 2001 2001 2001
 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000RMB'000
 
 
Income from fixed price contracts
*Sales of
system
control
equipment
and software
products 63,221 17,266 80,487 - 109,670 109,670
*Fee for
system
integration
services 28,329 50 28,379 - 7,509 7,509
 91,550 17,316 108,866 - 117,179 117,179
Materials and
equipment (47,640) (13,505) (61,145) - (40,628) (40,628)
 43,910 3,811 47,721 - 76,551 76,551
 
 For the three months ended 31 March
 Building Industrial Building Industrial
 automation automation Total automation automation Total
 2002 2002 2002 2001 2001 2001
 RMB'000 RMB'000 RMB'000 RMB'000 RMB'000