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

Chinasoft International Limited announced on 23/3/2005:
(stock code: 08216 )

Year end date :31/12/2004
Currency :RMB
Auditors' report :Unqualified

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

(* Audited) (* Audited)
Current Last Corresponding
Period Period
from 1/1/2004 from 1/1/2003
to 31/12/2004 to 31/12/2003
RMB'000 RMB'000

Turnover : 293,896 166,055
Profit/(Loss) from Operations : 41,292 31,459
Finance cost : (104) (497)
Share of Profit/(Loss) of Associates : 1,249 0
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 35,533 24,117
% Change Over the Last Period : +47.34%
EPS / (LPS)
Basic (in dollar) : RMB 0.0537 RMB 0.0427
Diluted (in dollar) : RMB 0.0532 RMB 0.0426
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 35,533 24,117
Final Dividends per Share : HKD0.01 HKD0.01
(specify if with other options) : N/A N/A
B/C Dates for Final Dividends : 25/04/2005 to 28/04/2005 bdi.
Payable Date : 05/05/2005
B/C Dates for Annual General Meeting : 25/04/2005 to 28/04/2005 bdi.
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. Fok Ming Fuk
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 Institute of Certified Public 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 International Information Technology Limited
("Beijing Chinasoft"), a major operating subsidiary of the
Group, has been designated as advanced technology enterprise
and is entitled to the three year's exemption from income
tax followed by three years of 50% tax reduction commencing
the tax followed by three years of 50% tax reduction
commencing 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
year ended 31 December 2004 as the assessable profit of the
Group was wholly absorbed by tax losses brought forward.

Deferred tax have been provided for the year ended 31st December
2004 which was mainly related to the temporary differences
arising from development costs.

The Company had no significant unprovided deferred taxation at
31st December 2004 and 2003.

4. DIVIDEND
On 26 April 2004, the Company declared final dividend amounting to
HK$6,400,000 (equivalent to RMB6,784,000) for the year ended 31
December 2003 to its shareholders. The amount was paid to its
shareholders in 25 May 2004.

The Company has recommended the payment of a final dividend of
HK$0.01 per share for the year ended 31st December 2004.

5. EARNING PER SHARE
The Calculation of the basic earnings per share for the year
ended 31st December 2004 was based on the net profit of
approximately RMB35,533,000 (2003:RMB24,117,000) divided by the
weighted average number of the share issued during the
year ended 31st December 2004 of 661,267,123 shares
(2003:565,041,096 shares) in issue during the year.

Diluted earning per share for the year ended 31st December 2004
was based on the net profit of approximately RMB35,533,000
(2003:RMB24,117,000) divided by the weighted average number of
shares issued adjusted for the effect of dilutive potential
securities issuable under the Company's shares option scheme
during the year ended 31st December 2004 of 667,861,041 shares
(2003:565,500,379 shares)