08:58     GOME<00493> - Results Announcement (1)                              

    GOME Electrical Appliances Holding Limited announced on 14/03/2005:       
    (stock code: 00493 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                                              
                                         (Audited   )       (Audited   )      
                                         9-month            12-month          
                                         Period             Period            
                                         from 01/04/2004    from 01/04/2003   
                                         to 31/12/2004      to 31/03/2004     
                                   Note  ('000      )       ('000      )      
                                                            (Restated)        
    Turnover                           : 9,165,946          9,654,498         
    Profit/(Loss) from Operations      : 591,845            455,241           
    Finance cost                       : (2,075)            (1,213)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                (1)               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 352,914            244,120           
    % Change over Last Period          : +44.5     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.22               0.16              
             -Diluted (in dollars)     : 0.22               0.16              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 352,914            244,120           
    Final Dividend                     : 2.5 cents          NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 11/04/2005         to 15/04/2005 bdi.
    Payable Date                       : 22/04/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 11/04/2005         to 15/04/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Basis of presentation of financial statements                     
                                                                              
    Pursuant to an acquisition agreement dated 3 June 2004, the Company       
    acquired all the issued shares of Ocean Town Int'l Inc. ("Ocean Town")    
    from Gome Holdings Limited, a company beneficially owned by Mr. Wong Kwong
    Yu ("Mr. Wong"), for a total consideration of approximately HK$8.3        
    billion.  This consideration was satisfied i) as to HK$243.5 million by   
    the issue of approximately 44.1 million ordinary share of the Company; and
    ii) as to HK$7,031.4 million by the issue of the First Convertible Note   
    and to HK$1,026.9 million by the issue of the Second Convertible Note.  On
    completion of the acquisition transaction on 29 July 2004, the Company    
    became the holding company of Ocean Town which holds 65% equity interest  
    in Gome Appliance Co., Ltd. ("Gome Appliance").  Gome Appliances is       
    engaged in the retailing of electrical appliances and consumer electronic 
    products in designated cities within the PRC.  Details of the acquisition 
    are stated in the Circular issued by the Company dated 5 July 2004.       
                                                                              
    As the Company, Ocean Town and Gome Appliance were under the common       
    control of Mr. Wong, the acquisitions of Ocean Town by the Company have   
    been reflected in the Company's financial statements as a combination of  
    entities under common control in a manner similar to a pooling of         
    interests.   Accordingly, the operating results of Ocean Town group for   
    the nine-month period ended 31 December 2004 and the twelve-month period  
    ended 31 March 2004 and the relevant assets and liabilities as at 31      
    December 2004 and 31 March 2004, have been included in the combined income
    statement and combined balance sheet of the Group.                        
                                                                              
    The results of operations previously reported by the Group for the twelve 
    -month period ended 31 March 2004 have been restated to include the       
    results of Ocean Town Group as set out below:                             
                                                                              
                            The Group                                         
                            (as previously          Ocean Town      The Group 
                            reported)               Group           (combined)
                            HK$'000                 HK$'000         HK$'000   
    Results of operations:                                                    
    Revenue                 44,815                  9,609,683       9,654,498 
    Profit from operating                                                     
      activities            25,880                  413,976         439,856   
    Net profit              19,881                  224,239         244,120   
                                                                              
    Pursuant to a resolution passed by the board of directors of the Company  
    on 17 November 2004, the board resolved to change the Company's financial 
    year end from 31 March to 31 December to achieve a coterminous year end   
    date with the Ocean Town Group.