ZJ PROSPECT<08273> - Results Announcement (Q3, 2006, Summary)


Zhejiang Propsect Company Limited  announced on 10th November 2006:
(stock code: 08273 )

Year end date                         :31/12/2006
Currency                              :RMB
Auditors' report                      :N/A
3rd 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
http://www.hkgem.com

                                         ( Un-Audited)    ( Un- Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2006   from 01/01/2005
                                         to 30/09/2006     to 30/09/2005
                                               Rmb'000           Rmb'000

Turnover                              :         80,615            68,637
Profit/(Loss) from Operations         :          8,785            12,107
Finance cost                          :        (1,973)           (1,799)
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     :          4,520             7,035
% Change Over the Last Period         :         -35.75%
EPS / (LPS)
          Basic (in dollar)           :      RMB 0.059         RMB 0.091
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :         4,520             7,035
3rd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 3rd 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 Propsect 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.


Remarks:
	
The Company was established in the People's Republic of China
("PRC") under the Company Law of the PRC as a joint stock limited
company on 9th August 2002. The H shares of the Company were
listed on the Growth Enterprise Market (the "GEM") of The Stock
Exchange of Hong Kong Limited (the "Stock Exchange") on
18th February 2004. The Company is principally engaged in
the manufacturing and sale of universal joints for automobiles.
	
2. BASIS OF PERPARATION AND PRINCIPAL ACCOUNTING POLICIES
The unaudited results have been prepared in accordance with all
applicable individual Hong Kong Financial Reporting Standards
("HKFRS")which includes all applicable individual Hong Kong
Financial Reporting Standards, Hong Kong Accounting Standards ("HKAS")
and Interpretations issued by the Hong Kong Institute of Certified
Public Accountants and and accounting principles generally accepted
in Hong Kong. These financial statements also comply with the
applicable disclosure provisions of the Rules Governing the Listing of
securities on the Growth Enterprise Market {"GEM") of the Stock
Exchange of Hong Kong Limited and the disclosure requirements of
the Hong Kong Companies Ordinance.
	
The Company has adopted the new/revised standards and interpretations
of HKFRS which are relevant to its operations.
	
3. EARNING PER SHARE
The calculation of basic earnings per share for the two periods ended
30th September 2006 and 30th September 2005 are based on the net profits
after tax of Rmb 4,520,000 (2005: Rmb 7,035,000) and 76,600,000
shares (2005: 76,600,000 shares) issued during the period.
	
No diluted earnings per share have been presented as the Company did
not have any dilutive shares for the shares for the periods
ended 30th September 2006 and 30th September 2005.