G CHINA TECH<08032> - Results Announcement (Final, 2005/2006, Summary)

GreaterChina Technology Group Limited announced on 25/10/2006:
(stock code: 08032 )

Year end date                         :31/07/2006
Currency                              :HKD
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

                                             (Audited)         (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/08/2005   from 01/08/2004
                                         to 31/07/2006     to 31/07/2005
                                                 $'000             $'000

Turnover                              :         13,523             8,324
Profit/(Loss) from Operations         :       (18,891)          (20,409)
Finance cost                          :        (1,070)             (391)
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0             (285)
Profit/(Loss) after Taxation & MI     :       (18,457)          (19,586)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :     HKD (0.023)        HKD (0.024)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :       (18,457)          (19,586)
Final Dividends per Share             :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for Final 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
GreaterChina Technology Group Limited

Signature :
Name      : Kuo Kwan, Belinda
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.

1. Basis of preparation
In the current year, the Group has adopted the new or revised standards
and interpretations of Hong Kong Financial Reporting Standards
("HKFRS") issued by the Hong Kong Institute of Certified Public
Accountants which are effective for accounting periods beginning on
or after 1 January 2005.
The consolidated financial statements have been prepared in accordance
with HKFRS. In addition, the consolidated financial statements
include applicable disclosure requirements of the Hong Kong Companies
Ordinance and the Rules Governing the Listing of Securities on the
Growth Enterprise Market of The Stock Exchange of Hong Kong Limited.
They have been prepared under the historical cost convention, except
for the remeasurement of equity investments.
2. Loss per share
The calculation of basic loss per share is based on the loss for
the year attributable to equity holders of the Company for the year
ended 31 July 2006 of HK$18,457,226 (2005: HK$19,586,171) and the
weighted average of 813,696,000 (2005:813,696,000) ordinary shares
in issue during the year.
As the exercise price of the outstanding share options was higher
than the average market price of the Company's shares during the
years ended 31 July 2006 and 2005, they exerted no dilution effect
on the basic loss per share for the years ended 31 July 2006 and
31 July 2005.