08:54     CSCL<02866> - Results Announcement (1)                              

    China Shipping Container Lines Company Limited announced on 08/03/2005:   
    (stock code: 02866 )                                                      
    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                           : 22,363,851         15,276,163        
    Profit/(Loss) from Operations      : 5,154,115          1,859,408         
    Finance cost                       : (452,272)          (459,447)         
    Share of Profit/(Loss) of                                                 
      Associates                       : 8,000              6,957             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : 4,022,409          1,382,872         
    % Change over Last Period          : +190.87   %                          
    EPS/(LPS)-Basic (in dollars)       : 0.80               0.46              
             -Diluted (in dollars)     : 0                  0                 
    Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
    Profit/(Loss) after ETD Items      : 4,022,409          1,382,872         
    Final Dividend                     : RMB0.20            N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 26/04/2005         to 26/05/2005 bdi.
    Payable Date                       : 20/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 26/04/2005         to 26/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Basis of preparation                                              
                                                                              
    The Company was established in the People's Republic of China (the "PRC") 
    on 28th August 1997 as a company with limited liability under the Company 
    Law of the PRC. On 3rd March 2004, the Company was transformed into a     
    joint stock limited company under the Company Law of the PRC (the "       
    Transformation") by converting its registered capital and reserves as at  
    31st October 2003 into 3,830,000,000 shares of RMB1 each. The Company's H 
    shares (the "Share Issue") have been listed on the Main Board of The Stock
    Exchange of Hong Kong Limited (the "Main Board") since 16th June 2004.    
                                                                              
    Pursuant to a group reorganisation (the "Reorganisation") as detailed in  
    Section 2 of Appendix VIII to the Company's prospectus dated 4th June 2004
    (the "Prospectus"), the Company acquired the entire issued share capital  
    of China Shipping Container Lines (Hong Kong) Co., Ltd ("CS Hong Kong")   
    and China Shipping Container Lines (Asia) Co., Ltd ("CS Asia") from a     
    fellow subsidiary on 15th October 2003. The Reorganisation is accounted   
    for using merger accounting as permitted by Hong Kong Statement of        
    Standard Accounting Practice ("SSAP") 27 "Accounting for group            
    reconstructions" issued by the Hong Kong Institute of Certified Public    
    Accountants ("HKICPA").                                                   
                                                                              
    The accounts have been prepared in accordance with accounting principals  
    generally accepted in Hong Kong and comply with accounting standards      
    issued by the HKICPA.  They have been prepared under the historical cost  
    convention.                                                               
                                                                              
    The HKICPA has issued a number of new and revised Hong Kong Financial     
    Reporting Standards and Hong Kong Accounting Standards ("new HKFRSs")     
    which are effective for accounting periods beginning on or after 1st      
    January 2005. The Group has not early adopted these new HKFRSs in the     
    accounts for the year ended 31st December 2004. The Group has already     
    commenced an assessment of the impact of these new HKFRSs but is not yet  
    in a position to state whether these new HKFRSs would have a significant  
    impact on its results of operations and financial position.               
                                                                              
    2.      Earnings per share                                                
                                                                              
    Basic earnings per share is based on the profit attributable to           
    shareholders of RMB4,022,409,000 (2003: RMB1,382,872,000) and the weighted
    average number of 5,026,174,863 (2003: 3,023,754,247) shares in issue     
    during the year.                                                          
                                                                              
    In determining the weighted average numbers of shares in issue during 2003
    and 2004, the conversion of registered capital and reserves of RMB3,830,  
    000,000 into share capital on 3rd March 2004 was deemed to have occurred  
    on 1st January 2003.                                                      
                                                                              
    Diluted earnings per share has not been presented as the Company has no   
    dilutive potential ordinary shares during the year.