08:53     SOLOMON SYSTECH<02878> - Results Announcement (1)                   

    Solomon Systech (International) Limited announced on 09/03/2005:          
    (stock code: 02878 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: USD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 308,238            109,339           
    Profit/(Loss) from Operations      : 72,004             27,723            
    Finance cost                       : (2)                (2)               
    Share of Profit/(Loss) of                                                 
      Associates                       : (194)              N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 59,167             22,685            
    % Change over Last Period          : +161      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0248             0.0109            
             -Diluted (in dollars)     : 0.0248             N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 59,167             22,685            
    Final Dividend                     : US 1.54 cents      N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 04/04/2005         to 08/04/2005 bdi.
    Payable Date                       : 22/04/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1. The listing date of Solomon Systech (International) Limited (the "     
    Company") is 8 April 2004.                                                
                                                                              
    2. An analysis of turnover and net profit from continuing operations can  
    be referred to the summary results announcement of the Company, posted on 
    the website of the Hong Kong Exchanges and Clearing Limited on 9 March    
    2005.                                                                     
                                                                              
    3. Basis of calculation for basic EPS and diluted EPS of the current      
    period (i.e. 1/1/2004 - 31/12/2004)                                       
    The calculation of basic and diluted earnings per share is based on the   
    Group's profit attributable to shareholders of US$59,167,000 (2003: US$22 
    ,685,000).                                                                
                                                                              
    The basic earnings per share is based on the weighted average of 2,385,   
    681,198 (2003: 2,074,852,711) ordinary shares in issue during the year.   
    In determining the weighted average number of ordinary shares in issue, a 
    total of 2,074,852,711 ordinary shares were deemed to be in issue since 1 
    st January 2003.                                                          
                                                                              
    The diluted earnings per share information is based on 2,385,968,996 (    
    2003: 2,074,852,711) ordinary shares which is the weighted average number 
    of shares in issue during the year plus the weighted average number of    
    287,797 ordinary shares deemed to be issued at no consideration if all    
    outstanding options has been exercised. Diluted earnings per share        
    information was not presented for the year ended 31st December 2003 as    
    there were no dilutive potential ordinary shares during the year ended 31 
    st December 2003.                                                         
                                                                              
    4. Basis of presentation of results for the Company issuing its first     
    final results after listed on the Exchange.                               
                                                                              
    1       Group reorganisation and basis of preparation                     
                                                                              
    The Company was incorporated in the Cayman Islands on 21st November 2003  
    as an exempted Company with limited liability under the Companies Law,    
    Cap.22 (Law 3 of 1961, as consolidated and revised) of the Cayman lslands 
    (the "Cayman Companies Law").                                             
                                                                              
    Pursuant to a Group reorganisation, which was completed on 23rd December  
    2003 (the "Reorganisation"), the Company became the holding company of the
    subsidiaries comprising the Group.  The shares of the Company were listed 
    on the Main Board of the Stock Exchange of Hong Kong Limited on 8th April 
    2004 (the "Listing Date").  Further details of the Reorganisation are set 
    out in the prospectus of the Company dated 25th March 2004.