Listed Company Information
 

SPREADPROSPECTS<00572> - Results Announcement

Spread Prospects Holdings Limited announced on 12/04/2005:
(stock code: 00572 )
Year end date: 31/12/2004
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2004    from 01/01/2003
                                     to 31/12/2004      to 31/12/2003
                               Note  ('000      )       ('000      )
Turnover                           : 425,716            337,588           
Profit/(Loss) from Operations      : 117,377            101,407           
Finance cost                       : (2,744)            (2,871)           
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       : 90,135             78,718            
% Change over Last Period          : +14.5     %
EPS/(LPS)-Basic (in dollars)       : 0.223              0.228             
         -Diluted (in dollars)     : 0.222              N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 90,135             78,718            
Final Dividend                     : RMB0.030           RMB0.040
  per Share                          (HK$0.028)         (HK$0.038)
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Final Dividend                   : 30/05/2005         to 03/06/2005 bdi.
Payable Date                       : 23/06/2005
B/C Dates for Annual         
  General Meeting                  : 30/05/2005         to 03/06/2005 bdi.
Other Distribution for             : N/A
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A   
  
Remarks:

1.      BASIS OF PREPARATION & PRINCIPAL ACCOUNTING POLICIES

The Company is incorporated as an exempted company with limited liability 
in the Cayman Islands on 21 October 2002 under the Companies Law of the 
Cayman Islands.  Its shares are listed on the Main Board of The Stock 
Exchange of Hong Kong Limited (the "Stock Exchange").  The Company's 
ultimate holding company is Fu Teng Global Limited ("Fu Teng"), a company 
incorporated in the British Virgin Islands.

The Company is an investment holding company.  The principal activities of 
the Group are the manufacture and sale of tinplate cans for the packaging 
of food and beverage in the People's Republic of China (the "PRC"), and 
provision of tinplate lacquering and printing services.

In 2004, the Hong Kong Institute of Certified Public Accountants issued a 
number of new or revised Hong Kong Accounting Standards and Hong Kong 
Financial Reporting Standards ("HKFRSs") (hereinafter collectively 
referred to as "new HKFRSs") which are effective for accounting periods 
beginning on or after 1 January 2005.  The Group has not early adopted 
these new HKFRSs in the financial statements for the year ended 31 
December 2004.

The Group has commenced considering the potential impact of the new HKFRSs 
but is not yet in a position to determine whether the new HKFRSs would 
have a significant impact on how its results of operations and financial 
position are prepared and presented.  The new HKFRSs may result in changes 
in the future as to how the results and financial position are prepared 
and presented.

The financial statements have been prepared under the historical cost 
convention and in accordance with accounting principles generally accepted 
in Hong Kong.

2.      DIVIDEND

The final dividend for the year ended 31 December 2004 of HK$0.028 (
equivalent to approximately RMB0.03) (2003: HK$0.038 (equivalent to 
approximately RMB0.04)) per share has been proposed by the directors and 
is subject to approval by the shareholders in general meeting.

3.      EARNINGS PER SHARE

The calculation of the basic and diluted earnings per share is based on 
the following data:

                                        2004            2003
                                        RMB'000         RMB'000
Earnings:
Net profit for the year for the
purposes of basic
earnings per share                       90,135       78,718
					             --------
Effect of dilutive potential ordinary
shares:
Interest on convertible notes                94
       					-------- 
Net profit for the year for the purpose of
diluted earnings per share                90,229
					---------

                                                2004            2003
                                                ----            ----
Number of shares:

Weighted average number of ordinary shares for
the purposes of basic earnings per share    404,767,213    344,916,164
							  -------------                
Effect of dilutive potential ordinary shares:
Convertible notes                             1,557,377
					    -----------
Weighted average number of ordinary shares 
for the purpose of diluted earnings per share
                                            406,324,590
					   -------------

The 300,000,000 shares that were issued prior to the listing of the 
Company's shares on the Stock Exchange on 2 July 2003 and pursuant to the 
group reorganisation are treated as if they had been in issue throughout 
the year ended 31 December 2003.

The computation of diluted earnings per share does not assume the exercise 
of the Company's outstanding share options as the exercise price of these 
options is higher than the average market price for the Company's shares 
for the year ended 31 December 2004.

There were no potential dilutive ordinary shares outstanding during the 
year ended 31 December 2003.