EVOC<08285> - Results Announcement (Final, 2004, Summary)


Shenzhen EVOC Intelligent Technology Company Limited announced on 18/03/2005:
(stock code: 08285 )

Year end date                         :31/12/2004
Currency                              :RMB
Auditors' report                      :Unqualified


Important Note :

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

                                             (Audited)         (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2004   from 01/01/2003
                                         to 31/12/2004     to 31/12/2003
                                               RMB'000           RMB'000

Turnover                              :        234,061           202,628
Profit/(Loss) from Operations         :         47,674            57,902
Finance cost                          :           (668)           (2,502)
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :         43,504            51,589
% Change Over the Last Period         :         (15.67)%
EPS / (LPS)
          Basic (in dollar)           :      RMB 0.093         RMB 0.137
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         43,504            51,589
Final Dividends per Share             :      RMB 0.025          RMB 0.03
(specify if with other options)       :            N/A               N/A
B/C Dates for Final Dividends         :16/04/2005   to 17/05/2005   bdi.
Payable Date                          :     30/06/2005
B/C Dates for Annual General Meeting  :16/04/2005   to 17/05/2005   bdi.
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                       (bdi: both days inclusive)

For and on behalf of
Shenzhen EVOC Intelligent Technology Company Limited

Signature :
Name      : Lee Sing Yeung Simon
Title     : Company Secretary

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.

Remarks: 
	
1. Listing Date
	
The Company's shares were listed on the Growth Enterprise Market of
The Stock Exchange of Hong Kong Limited (the "GEM") on 10 October 2003.
	
2. Impact of recently issued Hong Kong Financial Reporting Standards
	
The Hong Kong Institute of Certified Public Accountants has issued
a number of new Hong Kong Financial Reporting Standards and Hong Kong
Accounting Standards, herein collectively referred to as the new HKFRSs,
which are generally effective for accounting periods beginning on or
after 1 January 2005. The Company has not early adopted these new HKFRSs
in the financial statements for the year ended 31 December 2004. The
Company has already commenced an assessment of the impact of these new
HKFRSs but is not yet in a position to state whether these new HKFRSs
would have a significant impact on its results of operations and
financial position.
	
3. Principal accounting policies and the basis of preparation of the
accounts
	
The financial statements have been prepared in accordance with
Hong Kong Financial Reporting Standards (which also include Statements
of Standard Accounting Practice and Interpretations) issued by the
Hong Kong Institute of Certified Public Accountants, 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 GEM of the Stock Exchange
(the "GEM Listing Rules"). They have been prepared under the historical
 cost convention.
	
4. Turnover and revenue
	
                                            2004        2003
Turnover                                  RMB'000    RMB'000
Sales of Products
Board-type EIP                            119,619    121,803
Chassis-type EIP                          107,209     74,338
Remote data modules                         7,233      6,487
                                         ---------   ---------
Total turnover                            234,061    202,628
                                         ---------   ---------
	
Other revenue
  Value-added tax (VAT) concession          8,157      7,815
  Government subsidies                      2,751      3,964
  Interest income                           2,439        388
  Others                                    1,471        716
                                         ---------  ---------
Total other revenue                        14,818      12,883
                                         ---------  ---------
Total revenue                             248,879     215,511
                                         =========  =========
	
5. Tax
	
The Company is located in the Shenzhen Special Economic Zone and
is therefore subject to a corporate income tax rate of 15%. In
accordance with the relevant income tax laws and regulations in
the PRC, the Company was exempt from corporate income tax for two
years commencing from its first year with assessable profits after
deducting the tax losses brought forward, and was entitled to a 50% tax
exemption for the next three years (the "Shenzhen Enterprise
Preferential Tax Treatment").
	
The year ended 31 December 2003 was the fifth year since the
Company's first year of operations with assessable profits and
accordingly, the Company was entitled to a 50% exemption from
corporate income tax for the year ended 31 December 2003.
	
Pursuant to the Regulations to further support the development
of New and High Technology (Amended), as a New and High Technology
Enterprise, the Company had applied to the Shenzhen Administration
of Taxation for a 50% exemption from income tax  for a further
period of five years after the Shenzhen Enterprises Preferential Tax
Treatment expires. On 20 July 2004, the Company had already been
approved for such 50% reduction of income tax rate for three more
years until 2006.
	
The branches of the Company are located in various cities within the
PRC and are subject to a corporate income tax rate of 33% on their
assessable profits during the year.
	
                                                2004        2003
                                             RMB'000     RMB'000
	
PRC income tax - Current year's provision      3,502       3,811
                                            =========   =========
Note:
	
No provision for Hong Kong profit tax has been made as the Company
had no assessable profit derived in Hong Kong.
	
6. Earning per share
	
The calculation of basic earnings per share is based on the profit
attributable to shareholders for the year of approximately
RMB43,504,000 (2003:RMB51,589,000) and the 467,100,000
(2003: weighted average number of 377,500,000) ordinary shares
in issue during the year.
Diluted earnings per share amount for the two years ended
31 December 2003 and 2004 have not been disclosed as no diluting
events existed during these years.
	
7. Dividend
	
The Directors recommend the payment of a final dividend of RMB0.025
per ordinary share in respect of the year to shareholders on the
register of members on 17 May 2005. The proposed final dividend for
the year is subject to the approval of the Company's shareholders at
the forthcoming annual general meeting. This recommendation has been
incorporated in the financial statements as an allocation of retained
earnings within the capital and reserves section of the balance sheets.