EVOC<08285> - Results Announcement (Final, 2005, Summary)

Shenzhen EVOC Intelligent Technology Company Limited announced on 21/03/2006:
(stock code: 08285 )

Year end date                         :31/12/2005
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 01/01/2005   from 01/01/2004
                                         to 31/12/2005     to 31/12/2004
                                               RMB'000           RMB'000

Turnover                              :        233,445           234,061
Profit/(Loss) from Operations         :         48,661            47,674
Finance cost                          :          (138)             (668)
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     :         45,126            43,504
% Change Over the Last Period         :          +3.73%
EPS / (LPS)
          Basic (in dollar)           :      RMB 0.097         RMB 0.093
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        45,126            43,504
Final Dividends per Share             :            NIL         RMB 0.025
(specify if with other options)       :            N/A               N/A
B/C Dates for Final Dividends         :            N/A
Payable Date                          :            N/A
B/C Dates for Annual General Meeting  : To be announced
Other Distribution for Current Period : Convert part of the share premium
                                        into share capital by issuing new
                                        shares on the basis of 12 new
                                        shares for every 10 existing
                                        ordinary shares .
B/C Dates for Other Distribution      : To be announced


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.Basis of preparation
	
These financial statements have been prepared in accordance with Hong
Kong Financial Reporting Standards ("HKFRSs") (which also include
Hong Kong Accounting Standards ("HKASs") 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.  They have been
prepared under the historical cost convention.  These financial
statements are presented in Renminbi ("RMB") and all values are
rounded to the nearest thousand except when otherwise indicated.
	
The consolidated financial statements include the financial statements
of the Company and its subsidiary for the year ended 31 December 2005.
The results of the subsidiary are consolidated from the date of its
establishment, being the date on which the Group obtains control, and
continue to be consolidated until the date that such control ceases.
All significant intercompany transactions and balances within the Group
are eliminated on consolidation.
	
Minority interests represent the interests of outside shareholders in
the results and net assets of the Company's subsidiary.
	
	
3. Impact of recently issued Hong Kong Financial Reporting Standards
	
In the current year, the Group has applied, for the first time, a
number of new and revised Hong Kong Financial Reporting Standards
("HKFRSs"), (which also include Hong Kong Accounting Standards
("HKASs") and Interpretations) issued by the Hong Kong Institute of
Certified Public Accountants. The adoption of those new and revised
HKFRSs has had no material impact on the accounting policies of the
Group and the Company and the methods of computation in the Group's
and the Company's financial statements.
	
4. Turnover
	
                                        2005     2004
Revenue                               RMB'000   RMB'000
Sales of Products
Board-type EIP                        117,739    119,619
Chassis-type EIP                      108,898    107,209
Remote data modules                     6,808      7,233
                                    ----------  ---------
Total revenue                          233,445    234,061
                                    ----------  ---------
Other income
Value-added tax ("VAT") concession       6,973      8,157
Government subsidies                     2,118      2,751
Bank interest income                     3,538      2,439
Others                                   2,211      1,471
                                      ---------  ---------
                                        14,840     14,818
                                      ---------  ---------
                                       248,285    248,879
                                      =========  =========
	
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.
	
As a new and high technology enterprise, the Company had applied to the
Shenzhen Administration of Taxation in 2004 for a 50% exemption from
income tax for a further period of five years and obtained the approval
in 2004 for a 50% exemption from income tax for three more years until
the year ending 31 December 2006. Accordingly, the Company was entitled
to a 50% exemption from corporate income tax for the years ended
31 December 2004 and 2005.
	
The branches of the Company are located in various cities of Mainland China
and are subject to a corporate income tax rate of 33% on their assessable
profits for the year. The subsidiary of the Group is located in the
Shenzhen Special Economic Zone and is therefore subject to a corporate
income tax rate of 15%.  No provision for corporate income tax has been
made as its subsidiary did not have any assessable profit for the year.
	
                                              2005      2004
                                           RMB'000    RMB'000
Group:
PRC income tax - current year's provision    3,397      3,502
                                          ---------  ---------
Total tax charge for the year                3,397      3,502
                                          =========  =========
	
6. Earnings per share attributable to ordinary equity holders
   of the parent
	
The calculation of basic earnings per share amounts is based on the net
profit attributable to ordinary equity holders of the parent for the
year of RMB45,126,000 (2004: RMB43,504,000) and the 467,100,000
(2004: 467,100,000) ordinary shares in issue during the year.
	
Diluted earnings per share amounts for the two years ended 31 December
2004 and 2005 have not been disclosed as no diluting events existed
during these years.
	
7. Dividend
	
The Directors do not recommend the payment of final dividend for the year.
	
8. Conversion of share premium into share capital
	
The Directors proposed to convert part of the share premium in the
amount of RMB56,052,000 in the reserves of the Company into
560,520,000 ordinary shares of RMB0.10 each in the share capital of
the Company and to issue these new shares to its shareholders on
the basis of 12 new shares for every 10 existing ordinary shares.
The above proposal is subject to the approval of the shareholders
at the forthcoming annual general meeting.