09:02     INTCERA<08041> - Quarterly Results Announcement (2)                 

                                                                              
    2. Turnover and other revenue                                             
                                                                              
                                      For the nine months                     
                                       ended 30 September                     
                                           2004       2003                    
                                        HK$'000    HK$'000                    
                                    (unaudited) (unaudited)                   
       Turnover                                                               
         Ceramic blanks and ferrules      5,505        282                    
         Machinery and equipment              -     25,794                    
         Service and agency fee               -      8,801                    
                                         ------    -------                    
                                          5,505     34,877                    
                                         ======    =======                    
       Other revenue                                                          
         Technology rights' royalty fee   2,337      2,340                    
         Interest income                     48          9                    
         Other income                       109        900                    
                                         ------     ------                    
                                          2,494      3,249                    
                                         ======     ======                    
       Total revenue                      7,999     38,126                    
                                         ======    =======                    
                                                                              
                                                                              
                                                                              
    3. Loss per share                                                         
                                                                              
       The calculation of the Group's basic loss per share                    
       for the three months and nine months ended 30 September                
       2004 was based on the Group's unaudited loss attributable              
       to the shareholders of approximately HK$2,940,000 and                  
       HK$7,865,000 respectively (three months and nine months                
       ended 30 September 2003: approximately HK$5,523,000 and                
       HK$13,392,000 respectively) and the weighted average                   
       number of 723,087,310 ordinary shares in issue                         
       (three months and nine months ended 30 September 2003:                 
       723,087,310 and 688,658,739 shares respectively)                       
       during the periods.                                                    
                                                                              
       Diluted loss per share has not been presented because                  
       the exercise of the outstanding share option would                     
       have anti-dilutive effect during the respective                        
       periods.