Yearly Results announcement form Name of listed company: Beijing Beida Jade Bird Universal Sci-Tech Company Limited Stock code : 8095 Year end date : 31/12/2001 Important Note : This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com Currency: RMB'000 (Audited) (Audited) Final Results Announcement Current Last Corresponding Period Period from 1/1/2001 from 1/1/2000 to 31/12/2001 to 31/12/2000 RMB'000 RMB'000 Turnover : 124,617 60,843 Profit/(Loss) from Operations : 35,817 24,550 Finance cost : -1,037 -6,726 Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entites : N/A N/A Profit/(Loss) after Taxation & MI : 37,510 31,067 % Change Over the Last Period : 20.74 % EPS / (LPS) - Basic :RMB 3.9 cents RMB 3.8 cents - Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 37,510 31,067 Final Dividend per Share :RMB 0.5 cents RMB 0.5 cents (specify if with other options) : N/A N/A B/C Dates for Final Dividend : 18/5/2002 to 18/6/2002 bdi. Payable Date : 31/7/2002 B/C Dates for AGM/SGM : 18/5/2002 to 18/6/2002 bdi. Other Distribution for Current Period: NIL B/C Dates for Other Distribution : N/A to N/A bdi. (bdi: both days inclusive) For and on behalf of Beijing Beida Jade Bird Universal Sci-Tech Company Limited Signature : Name : Calvinna Yang 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. Remark: 1. Organization, operation and accounting policy The Company was incorporated as a Sino-foreign joint stock company with limited liability in Beijing, the People¡¦s Republic of China (the ¡§PRC¡¨) on 29 March 2000. The Company¡¦s H shares have been listed on the Growth Enterprise Market (the ¡§GEM¡¨) of The Stock Exchange of Hong Kong Limited (the ¡§Stock Exchange¡¨) since 27 July 2000. The Group is principally engaged in the research, development, production, marketing and sales of embedded systems and computer products, including Global Positioning System application systems, network security products, wireless fire alarm systems, application specific integrated circuits and smart card application systems, and related products. The Group is also engaged in the provision of total solution services through application of its existing embedded system products. The principal accounting policies adopted by the Group conform to Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants and accounting principles generally accepted in Hong Kong. 2. Turnover and Revenue Analysis of turnover and revenue is as follows: 2001 \ 2000 RMB'000 \ RMB'000 Sales of embedded systems and related products 36,956 \ 13,388 Sales of computer products 42,211 \ -- Provision of total solution services 45,450 \ 47,455 Total turnover 124,617 \ 60,843 Rental income 1,260 \ 893 Interest income 12,265 \ 6,726 Total revenue 138,142 \ 68,462 3. Taxation (a)Enterprise income tax (¡§EIT¡¨) The Company, being located in the Beijing New Technology Development Experimental Area and registered as a New and High Technology Enterprise, is subject to the PRC EIT at a rate of 15%. It is exempted from EIT for three years starting from the year ended 31 December 2000, its first operating year, followed by a 50% reduction of EIT from the fourth to the sixth year. Hebei Beida Jade Bird Universal Fire Alarm Device Company Limited, a 75% owned subsidiary established in Zhuo Lu, Hebei Province, the PRC and registered as a manufacturing enterprise, is subject to the PRC EIT at a rate of 33%. It is exempted from EIT for the first four years starting from its commencement of operations during the year ended 31 December 2001, followed by a 50% reduction of EIT from the fifth to eighth year. No provision for Hong Kong profits tax was made as the Group had no profits subject to Hong Kong profits tax. (b)Value-added tax (¡§VAT¡¨) The Group is subject to VAT in the PRC levied at the rate of 17% on the amount of sales of its products as well as provision of processing, repairs and replacement services in the PRC. VAT paid on the Group¡¦s purchases can be used to offset VAT on the sales amount to arrive at the net VAT payable. In addition, the Group is entitled to refund of actual VAT paid exceeding 3% of the sales amount of certain approved software products. (c)Business tax ("BT") The Group is subject to BT in the PRC on the provision of total solution services in the PRC at a rate of 5% on the related revenue. 4. Earnings per share The calculation of earnings per share for the year ended 31 December 2001 was based on the profit attributable to shareholders of approximately RMB37,510,000 (2000 : RMB31,067,000) and on the weighted average number of 964,000,000 shares (2000 : 812,721,000 shares) in issue during the year. No diluted earnings per share was presented as there were no dilutive potential ordinary shares outstanding.