ZJ PROSPECT<08273> - Results Announcement (Q2, 2005, Summary)

Zhejiang Prospect Company Limited announced on 12th August 2005:
(stock code: 08273 )

Year end date                         :31st December 2005
Currency                              :RMB
Auditors' report                      :N/A
2nd Quarterly Report Reviewed by      :Audit Committee

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

                                        (* Un-Audited)    (* Un-Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2005   from 01/01/2004
                                         to 30/06/2005     to 30/06/2004
                                                 $'000             $'000

Turnover                              :         45,785            35,087
Profit/(Loss) from Operations         :          8,164             6,268
Finance cost                          :          (988)           (1,200)
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     :          4,914             3,405
% Change Over the Last Period         :         +44.32%
          Basic (in dollar)           :      RMB 0.064         RMB 0.048
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         4,914             3,405
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarter Dividends   :            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
                                       (bdi: both days inclusive)

For and on behalf of
Zhejiang Prospect Company Limited

Signature :
Name      : Kwok Pui Ching
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.

1. Significant accounting policies
(a) Basis of preparation
The unaudited results have been prepared in accordance with the
applicable disclosure requirements of the Rules governing the
Listing of Securities on the GEM of the Stock Exchange.
The accounting policies and basis of preparation adopted for the
preparation of the interim financial report are consistent
with those adopted by the Company in its annual financial
statements for the year ended 31st December 2004.
The unaudited results have been prepared in accordance with the
the requirements as set out in GEM Listing Rules and the Statement
of Standard Accounting Practice 25 "Interim Financial Reporting"
as issued by the Hong Kong Institute of Certified Public Accountant.
The HKICPA has issued a number of new and revised Hong Kong Financial
Reporting Standards and Hong Kong Accounting Standards ("new HKFRSs")
which are effective for accounting periods beginning on or after 1st
January 2005. The adoption of the new HKFRSs has had no material effect
on how the results for the current or prior accounting periods are
prepared and presented. Accordingly, no prior period adjustment has
been required.
The Company was established in the People's Republic of China
(the "PRC") as a limited liability company and became a joint
stock limited company on 9th August 2002. The Company's H
shares have been listed on the GEM of the Hong Kong Stock
Exchange since 18th February 2004. The financial statements
are prepared under the historical cost convention.
2. Earning per share
The basic earnings per share for each of the two periods ended 30th
June 2005 and 30th June 2004 are calculated based on unaudited net
profit after tax for the periods of RMB 4,914,000 (2004: RMB 3,405,000)
and on 76,600,000 shares (2004: the weighted average number of
70,500,553 shares) in issue during the period.
No diluted earnings per share have been presented as the Company
did not have any dilutive potential shares for the periods ended
30th June 2005 and 2004.