08:58     CHINA SHIP DEV<01138> - Results Announcement                        

    China Shipping Development Company Limited announced on 01/03/2005:       
    (stock code: 01138 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 6,135,984          4,885,495         
    Profit/(Loss) from Operations      : 2,204,669          1,253,770         
    Finance cost                       : (100,533)          (95,689)          
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 50,155             20,751            
    Profit/(Loss) after Tax & MI       : 1,844,527          1,023,640         
    % Change over Last Period          : +80       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.5546             0.3078            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 1,844,527          1,023,640         
    Final Dividend                     : RMB 15 cents       RMB 15 cents      
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : To Be Announced                      
    Payable Date                       : To Be Announced                      
    B/C Dates for Annual                                                      
      General Meeting                  : To Be Announced                      
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    For more details, please refer to the press announcement today.