TECHWAYSON HOLD<08098> - Results Announcement (Q1, 2002/2003, Summary)Techwayson Holdings Limited announced on 14/11/2002:(stock code :08098)Year end date :30/06/2003Currency :RMBAuditors' report :N/AReview of 1st Quarterly Report by :Audit CommitteeImportant Note :This result announcement form only contains extracted information fromand should be read in conjunction with the detailed results announcementof the issuer, which can be viewed on the GEM website athttp://www.hkgem.com (Unaudited) (Unaudited) Current Last Corresponding Period Period from 01/07/2002 from 01/07/2001 to 30/09/2002 to 30/09/2001 $'000 $'000Turnover : 8,270 6,545Profit/(Loss) from Operations : 3,709 884Finance cost : (209) N/AShare of Profit/(Loss) of Associates : N/A N/AShare of Profit/(Loss) of Jointly Controlled Entites : N/A N/AProfit/(Loss) after Taxation & MI : 3,111 768% Change Over the Last Period : +305.08 %EPS / (LPS) Basic (in dollar) : RMB 0.0089 RMB 0.0024 Diluted (in dollar) : N/A N/AExtraordinary (ETD) Gain/(Loss) : N/A N/AProfit (Loss) after ETD Items : 3,111 7681st Quarterly Dividends per Share : NIL NIL(specify if with other options) : N/A N/AB/C Dates for 1st Quarterly Dividends : N/APayable Date : N/AB/C Dates for (-) General Meeting : N/AOther Distribution for Current Period : NILB/C Dates for Other Distribution : N/A For and on behalf of Techwayson Holdings Limited Signature : Name : TUNG FAI Title : DIRECTORResponsibility statementThe directors of the Company (the "Directors") as at the date hereofhereby collectively and individually accept full responsibility for theaccuracy 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 areaccurate and complete in all material respects and not misleading andthat there are no other matters the omission of which would make theInformation herein inaccurate or misleading. The Directors acknowledgethat the Stock Exchange has no responsibility whatsoever with regardto the Information and undertake to indemnify the Exchange against allliability incurred and all losses suffered by the Exchange in connectionwith or relating to the Information.Remarks:1. Basis of Presentation: The consolidated financial statements have been prepared in accordance with Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants and accounting principles generally accepted in Hong Kong and the disclosure requirements of the Hong Kong Companies Ordinance and the Rules Governing the Listing of Securities on The Growth Enterprise Market of The Stock Exchange of Hong Kong Limited(the "GEM Listing Rules"). The consolidated financial statements have been prepared under the historical cost convention.2. Turnover: The Group's turnover represented revenue generated from fixed price contracts in respect of �]i) sales of system control equipment and software prodcuts,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.3. Earnings per share: The calculation of basic earnings per share for the three months ended 30 September 2002 was based on the consolidated profit attributable to shareholders of approximately RMB3,111,000(2001:RMB768,000) and the weighted averaged number of approximately 350,000,000 shares (2001:316,302,000 shares) deemed to be in issue during the period. Diluted earnings per share was not presented because there were no dilutive potential ordinary shares in issue during the three months ended 30 September 2001 and 2002.4. Dividend: The Directors do not recommend the payment of dividend for the three months ended 30 September 2002.( 2001: NIL)