CHINASOFT<08216> - Results Announcement (Q3, 2004, Summary)

Chinasoft International Limited announced on 11 Nov 2004:
(stock code: 08216 )

Year end date :31 Dec 2004
Currency :RMB
Auditors' report :N/A
3rd Quarterly Report Reviewed by :Audit Committee

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

Unaudited Unaudited
Current Last Corresponding
Period Period
from 1 Jan 2004 from 1 Jan 2003
to 30 Sept 2004 to 30 Sept 2003
Rmb'000 Rmb'000

Turnover : 195,378 99,040
Profit/(Loss) from Operations : 26,157 17,496
Finance cost : (130) (210)
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 : 21,922 13,607
% Change Over the Last Period : +61.11%
EPS / (LPS)
Basic (in dollar) : RMB 0.0337 RMB 0.025
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 21,922 13,607
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarter Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)

For and on behalf of
Chinasoft International Limited

Signature :
Name : Mr. William Fok
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 PRESENTATION

The financial statements of the Group have been prepared in
accordance with Statements of Standard Accounting Practice issued
by the Hong Kong Society of Accountants, accounting principles
generally accepted in Hong Kong and the Rules Governing the
Listing of Securities on GEM.

2. TURNOVER

Turnover, which is stated net of valued-added tax and other sales
tax and returns, represents amounts invoiced to customers, except
in respect of provision of solutions services and IT outsourcing
services where turnover represents the value of work done during
the year, including amounts not yet invoiced.

3. TAXATION
Pursuant to an approval document issued by the State Bureau of
Beijing Haidian District dated 21st November 2000, Beijing
Chinasoft FE International Information Technology Limited
("Beijing Chinasoft"), a wholly-owned operating subsidiary of the
Group, has been designated as an advanced technology enterprise and
is entitled to the three year's exemption from income tax followed
by three years of 50% tax reduction commencing from the first-profit
-making year with effect from 2000.

Beijing Chinasoft is subject to the income tax computed at the rate
of 7.5% for the three years ending 31st December 2005 and at the
rate of 15% on its taxable profit thereafter.

No provision for Hong Kong Profits Tax has been made for the
relevant periods as the Group did not have any assessable profit
during the Relevant Periods.

Deferred tax have been provided for the relevant periods
which was mainly related to the temporary differences arising from
development costs.

There were no significant unprovided deferred taxation for the
relevant periods.

4. EARNINGS PER SHARE
The calculation of the basic earnings per share for the
nine months ended 30th September 2004 was based on the net
profit of approximately RMB21,922,000 (2003: RMB13,607,000)
divided by the weighted average number of shares issued
during the nine months ended 30th September 2004 of 649,583,000
shares (2003: 539,780,000 shares) as if the sub-division
of the Company's shares as described in Appendix IV
of the Prospectus had taken place at the beginning of
the relevant periods.

Diluted earnings per share is not presented for the three months
and nine months ended 30th September, 2004 and 2003
as there were no potential dilutive securities in existence
during the Relevant Periods.