08:43     LAUNCH TECH<08196> - Quarterly Results Announcement                 

    Launch Tech Company Limited announced on 22/04/2005:                      
    (stock code: 08196 )                                                      
    Year end date: 31/12/2005                                                 
    Currency: RMB                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
    Important Note:                                                           
    This result announcement form only contain extracted information          
    from and should be read in conjunction with the detailed results          
    announcement of the issuer, which can be view on the GEM website          
    at http://www.hkgem.com                                                   
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2005    from 01/01/2004   
                                         to 31/03/2005      to 31/03/2004     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 70,168             55,155            
    Profit/(Loss) from Operations      : 21,148             9,747             
    Finance cost                       : (3,460)            (324)             
    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       : 15,668             8,435             
    % Change over Last Period          : +85.7     %                          
    EPS/(LPS)-Basic (in dollars)    3  : 0.030              0.016             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 15,668             8,435             
    1st Quarter Dividend            2  : N/A                N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      1st Quarter 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                                  
                                                                              
                                                                              
    For and on behalf of                                                      
    Launch Tech Company Limited                                               
                                                                              
    Name :  Liu Chun Ming                                                     
    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:                                                                  
                                                                              
    1 Basis of consolidation                                                  
    The consolidated financial statement incorporates the financial           
    statements of the Company and its subsidiaries made up to                 
    31 March 2005 and 2004.                                                   
                                                                              
    All significant intra-group transactions and balances have been           
    eliminated on consolidation.                                              
                                                                              
    2. Dividends                                                              
    The Directors do not recommend an interim dividend for the three months   
    ended 31 March 2005.                                                      
                                                                              
    3. Earnings per share                                                     
    The calculation of the basic earnings per share for the three months      
    ended 31 March 2005 was based on the net profits of                       
    approximately RMB15,668,000 (three months ended 31 March 2004:            
    net profits of approximately RMB8,435,000) divided by the                 
    weighted average number of shares issued during the periods of            
    520,000,000 shares (three months ended 31 March 2004:                     
    520,000,000 shares).                                                      
                                                                              
    No diluted earnings per share has been presented as there were no         
    potential dilutive shares for either relevant periods.