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DT Capital Limited Earnings Release 2012

Oct 31, 2012

49154_rns_2012-10-31_c0133cec-0e4c-4384-af2d-1f5033e254b9.pdf

Earnings Release

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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INTERCHINA HOLDINGS COMPANY LIMITED

國中控股有限公司

(incorporated in Hong Kong with limited liability)

(Stock Code: 202)

Overseas Regulatory Announcement

Results of a subsidiary

Heilongjiang Interchina, a subsidiary of the Company whose A shares is listed on the Shanghai Stock Exchange of the PRC has published its unaudited consolidated financial statements for the nine months ended 30 September 2012 on 31 October 2012.

Investors should note that the Company has prepared its financial statements in accordance with all applicable Hong Kong Financial Reporting Standards. If the financial data disclosed herein are prepared in accordance with all applicable Hong Kong Financial Reporting Standards, they may be significantly different from what have been disclosed herein. Investors should exercise caution when dealing in the securities of the Company.

Reference is made to the overseas regulatory announcement of the Company dated 31 October 2012 in relation to the 2012 third quarter report of Heilongjiang Interchina.

This announcement is made by the Company pursuant to Rules 13.09 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.

Heilongjiang Interchina Water Treatment Company Limited ("Heilongjiang Interchina"), a subsidiary of Interchina Holdings Company Limited (the "Company"), whose A shares is listed on the Shanghai Stock Exchange of the PRC has announced its unaudited financial results for the nine months ended 30 September 2012 on 31 October 2012. The financial statements of Heilongjiang Interchina have been prepared in conformity with "Accounting Standard for Enterprises" of the PRC. The summary of the unaudited results of Heilongjiang Interchina is provided below.


Heilongjiang Interchina Water Treatment Company Limited

Summary of the unaudited results for the nine months ended 30 September 2012 and 2011:

From 1 January 2012 to 30 September 2012 From 1 January 2011 to 30 September 2011
RMB’000 HK$’000 (equivalent) RMB’000 HK$’000 (equivalent)
Revenue 232,249 286,727 194,744 240,425
Operating profit 41,879 51,702 28,427 35,095
Non-operating gain, net 3,802 4,694 19,418 23,973
Profit before income tax 45,681 56,396 47,845 59,068
Income tax (4,912) (6,064) (5,323) (6,572)
Profit for the period 40,769 50,332 42,522 52,496
Attributable to:
Shareholders of Heilongjiang Interchina 37,026 45,711 40,150 49,568
Minority interests 3,743 4,621 2,372 2,928
40,769 50,332 42,522 52,496
Earnings per share (Yuan)
- Basic and diluted 0.0867 0.1070 0.0965 0.1191

Other financial datas:

At 30 September 2012 At 31 December 2011
RMB’000 HK$’000 (equivalent) RMB’000 HK$’000 (equivalent)
Total assets 1,949,932 2,407,323 1,855,498 2,290,738
Equity attributable to shareholders of Heilongjiang Interchina 1,119,616 1,382,242 1,077,976 1,330,835
Net assets attributable to shareholders of Heilongjiang Interchina per share (Yuan/share) 2.6207 3.2354 2.5232 3.1151

Notes:
(1) The above financial results and datas of Heilongjiang Interchina have been prepared in conformity with "Accounting Standard for Enterprises" of the PRC.
(2) Amounts denominated in Renminbi ("RMB") have been translated, for the purpose of illustration only, into Hong Kong dollars using an exchange rate of approximately HK$1.00 = RMB0.81.


3

Operation Highlights:

During the nine months ended 30 September 2012, Heilongjiang Interchina recorded a revenue amounted to RMB232,249,000 (HK$286,727,000), representing an increase of 19.3% as compared to the same period of last year of RMB194,744,000 (HK$240,425,000). The increase was mainly attributable to the commencement of operation of Taiyuan project in August of last year recorded a growth in revenue of RMB35,503,000 (HK$43,831,000). Despite the significant increase in revenue, profit for the period slightly decreased by RMB2,164,000 (HK$2,672,000) or 4.1% was mainly attributable to there was no government subsidies income was recorded in Xian Aviation Technology Assets Zone Water Supply Co., Ltd (Disposed) and Ordos Interchina Water Treatment Co., Ltd for the period comparing to an aggregate government subsidies income of RMB15,700,000 (HK$19,383,000) was recorded in both companies in the same period of last year, as a result non-operating gain, net decreased by RMB15,616,000 (HK$19,279,000) or 80.4% from the same period of last year. By excluding the non-operating gain, net, operating profit for the period largely increased by RMB13,863,000 (HK$17,115,000) or 60% from the same period of last year.

General

Shareholders should note that the above unaudited results pertain only to Heilongjiang Interchina, in which the Company has an indirect beneficial interest of approximately 53.77%. The unaudited results of Heilongjiang Interchina for the nine months ended 30 September 2012 will be consolidated in the group accounts of the Company after adjustments in accordance with all applicable Hong Kong Financial Reporting Standards.

By order of the Board of
Interchina Holdings Company Limited
Lam Cheung Shing, Richard
Chief Executive Officer and Executive Director

Hong Kong, 31 October 2012

As at the date of this announcement, the executive Directors are Mr. Jiang Zhaobai, Mr. Shen Angang, Mr. Lam Cheung Shing, Richard, Mr. Zhu Yongjun, Mr. Zhu Deyu and Mr. Lu Yaohua; and the independent non-executive Directors are Mr. Ho Yiu Yue, Louis, Mr. Ko Ming Tung, Edward and Mr. Chen Yi, Ethan.