08:51     CHINA AGROTECH<01073> - Results Announcement (1)                    

    China Agrotech Holdings Limited announced on 29/03/2005:                  
    (stock code: 01073 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/07/2004    from 01/07/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 500,197            329,331           
    Profit/(Loss) from Operations      : 14,180             26,514            
    Finance cost                       : (4,118)            (847)             
    Share of Profit/(Loss) of                                                 
      Associates                       : 0                  0                 
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : 10,506             26,600            
    % Change over Last Period          : -60.5     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.025              0.075             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
    Profit/(Loss) after ETD Items      : 10,506             26,600            
    Interim Dividend                   : Nil                Nil               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      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)     The interim results have been prepared in accordance with         
    accounting principles generally accepted in Hong Kong and comply with     
    accounting standards issued by the Hong Kong Institute of Certified Public
    Accountants. They have been prepared under the historical cost convention.
     They have also been prepared in accordance with Appendix 16 of the Rules 
    Governing the Listing of Securities on The Stock Exchange of Hong Kong    
    Limited.                                                                  
                                                                              
    (2)     The calculation of basic earnings per share is based on the       
    consolidated profit attributable to shareholders of approximately HK$10,  
    506,000 (2003: HK$26,600,000) and on the weighted average number of       
    approximately 421,565,000 shares in issue during the period (2003: 352,   
    326,000 shares).                                                          
                                                                              
    No information on diluted earnings per share is presented because there   
    were no dilutive potential ordinary shares in existence during the six    
    months ended 31 December 2004 and 2003.                                   
                                                                              
    (3)     The Group is organised into three main business segments - (i)    
    manufacturing and selling of plant growth regulatory products, pesticides 
    and fertilizers (the "manufacturing operation"); (ii) trading of          
    fertilizers, pesticides and other agricultural products (the "trading     
    operation"); and (iii) provision of plant protection technical services ( 
    the "consultancy operation").                                             
                                                                              
    Other operation of the Group mainly comprises business of investment      
    holding, which is not of a sufficient size to be reported separately.