Beijing Geekplus Technology Co., Ltd. — Earnings Release 2000

Sep 26, 2000

Listed Company Information

KARCE INTL HOLD<1159> - Results Announcement Karce International Holdings Company Limited announced on 26/9/2000: (stock code: 1159) Year end date: 31/12/2000 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 30/6/2000 to 30/6/1999 Turnover : 202,554,000 190,475,000 Profit/(Loss) from Operations : 14,648,000 14,411,000 Finance cost : (3,301,000) (2,110,000) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 10,872,000 11,232,000 % Change over Last Period : -3.2% EPS/(LPS)-Basic : 2.4 cents 2.5 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 10,872,000 11,232,000 Interim Dividend per Share : Nil Nil (Specify if with other options) : 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 Current Period : Nil B/C Dates for Other Distribution : N/A Remarks: (1) Turnover 2000 1999 HK$'000 HK$'000 Continuing operations 202,554 190,475 Discontinued operations - - ------- ------- 202,554 190,475 ======= ======= (2) Profit from operations before finance costs 2000 1999 HK$'000 HK$'000 Continuing operations 14,648 14,411 Discontinued operations - - ------- ------- 14,648 14,411 ======= ======= (3) Basis of presentation The Company was incorporated as an exempted company with limited liability in Bermuda under the Companies Act 1981 of Bermuda on 8 July 1997. The consolidated results include the results of the companies comprising the Group. All material intra-group transactions and balances have been eliminated on consolidation. (4) Taxation 2000 1999 HK$'000 HK$'000 Hong Kong profits tax 76 85 Overseas taxation 769 832 -------- -------- 845 917 ===== ====== Hong Kong profits tax calculated at 16% (1999: 16%) on the estimated assessable profits attributable to operation in Hong Kong during the period. Taxation arising in other jurisdiction is calculated at the rates prevailing in the relevant jurisdiction. Pursuant to the approvals obtained from the relevant tax authority in the People's Republic of China (the "PRC"), the Group's PRC subsidiaries are exempted from PRC income tax for two years starting from their first profit-making year, followed by a 50% reduction for the next three years. Provision for PRC income tax has been made accordingly. No provision for deferred taxation has been made as the effect of all timing differences is immaterial. (5) Earnings per share The calculation of the basic earnings per share is based on the unaudited net profit attributable to shareholders for the six months ended 30 June 2000 of approximately HK$10,872,000 (1999: HK$11,232,000) and the weighted average number of 450,000,000 shares (1999: 448,356,164 shares) in issue during the period. No fully diluted earnings per share is presented as the dilution effect is immaterial. (6) Comparative amounts Certain comparative amounts have been reclassified to conform with the current year presentation.