09:02     HUA YI COPPER<00559> - Results Announcement (1)                     

    Hua Yi Copper Holdings Limited announced on 17/03/2005:                   
    (stock code: 00559 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Both Audit Committee and Auditors             
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       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                           : 931,564            535,666           
    Profit/(Loss) from Operations      : 41,324             17,671            
    Finance cost                       : (14,922)           (6,506)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 26,044             7,244             
    % Change over Last Period          : +259.5    %                          
    EPS/(LPS)-Basic (in dollars)    5  : 0.0578             0.0181            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 26,044             7,244             
    2nd Interim Dividend               : Nil                N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      2nd Interim Dividend             : N/A                                  
    Payable Date                       : N/A                                  
    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.      GENERAL                                                           
                                                                              
    The Company is incorporated in Bermuda as an exempted company with limited
    liability and its shares are listed on the Stock Exchange of Hong Kong    
    Limited (the "Stock Exchange").  The directors consider Solartech         
    International Holdings Limited ("Solartech"), also incorporated in Bermuda
    as an exempted company with limited liability and its shares being listed 
    on the Stock Exchange, to be its ultimate holding company.                
                                                                              
    Following the completion of the reverse acquisition as detailed in note 2,
    to reflect the change in control and management of the Company and to     
    provide for co-terminous accounting years throughout the group companies  
    of Solartech, the name of the Company has been changed to Hua Yi Copper   
    Holdings Limited and the financial year end date of the Company changed   
    from 31 December to 30 June.                                              
                                                                              
    As a result, the condensed financial statements of the Company and its    
    subsidiaries (the "Group") for the current period covered the 12 month    
    period ended 31 December 2004 and have been prepared in accordance with   
    Statement of Standard Accounting Practice ("SSAP") 25 "Interim Financial  
    Reporting" issued by the Hong Kong Institute of Certified Public          
    Accountants ("HKICPA") and with the applicable disclosure requirements of 
    Appendix 16 to the Rules Governing the Listing of Securities on the Stock 
    Exchange of Hong Kong Limited.                                            
                                                                              
    2.      BASIS OF PREPARATION                                              
                                                                              
    On 25 March 2004, the Company and Solartech entered into an acquisition   
    agreement (the "Agreement").  Pursuant to the Agreement, the Company      
    agreed to issue and allot 8,000,000,000 new ordinary shares of par value  
    HK$0.01 each of the Company (the "New Shares") to Solartech to acquire    
    Solartech's interests in certain companies and other plant and machinery  
    and land and buildings engaging in the business of manufacture and trading
    of copper rods and related products (the "Copper Group").