JIAN EPAYMENT<08165> - Results Announcement (Q2, 2003, Summary)

Jian ePayment Systems Limited announced on 11/08/2003:
(stock code: 08165 )

Year end date                         :31/12/2003
Currency                              :RMB
Auditors' report                      :N/A
Review of 2nd Quarterly Report 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

                                         (* Unaudited)     (* Unaudited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2003   from 01/01/2002
                                         to 30/06/2003     to 30/06/2002
                                               RMB'000           RMB'000

Turnover                              :          2,202            36,261
Profit/(Loss) from Operations         :        (7,593)            19,491
Finance cost                          :          (748)             (318)
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0                 0
Profit/(Loss) after Taxation & MI     :        (8,341)            18,955
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :     RMB -0.021         RMB 0.047
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (8,341)           18,955
2nd Quarterly Dividends per Share     :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd Quarterly 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
                                       Jian ePayment Systems Limited
                            Signature :
                                 Name :CHEUNG, Siu Leong
                                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.

The Company was incorporated in the Cayman Islands on 30 November
2000 as an exempted company with limited liability under the
Companies Law of the Cayman Islands. The Companyˇ¦s shares have
been listed on the Growth Enterprise Market (the "GEM") of The
Stock Exchange of Hong Kong Limited (the "Stock Exchange")
since 10 December 2001.
The Company is an investment holding company. The Company and its
subsidiaries (hereinafter collectively referred to as the "Group")
are principally engaged in the development and operation of a
back end electronic receipt/payment and data recording and
processing software system ("Jian ePayment System ") and
manufacturing and distribution of the associated commercial
The calculation of basic losses per share for
the six months ended 30 June 2003 is based on
the loss attributable to shareholders of approximately
RMB8,341,000 (2002: Profit attributable to shareholders approximately
RMB 18,955,000 )and the weighted average number of 400,000,000 shares
(2002:400,000,000 shares ) deemed to be in issue during the period.
No diluted earnings per share for the period 2002 and 2003  is
presented because the exercise price of the Company's options was
higher than the average market price of the company's
shares after the options were granted.