08:59     CHINA POWER<02380> - Results Announcement (1)                       

    China Power International Development Limited announced on 14/03/2005:    
    (stock code: 02380 )                                                      
    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                           : 3,352,001          2,915,382         
    Profit/(Loss) from Operations      : 615,522            603,602           
    Finance cost                       : (77,285)           (85,038)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 163,604            136,418           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 643,203            605,156           
    % Change over Last Period          : +6.29     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.28               0.29              
             -Diluted (in dollars)     : 0.28               N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 643,203            605,156           
    Final Dividend                     : HK$0.025           N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 25/04/2005         to 29/04/2005 bdi.
    Payable Date                       : 10/05/2005                           
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Group Reorganisation and basis of preparation                     
                                                                              
    China Power International Development Limited (the "Company") was         
    incorporated in Hong Kong on 24 March 2004 as a limited liability company 
    under the Hong Kong Companies Ordinance.                                  
                                                                              
    Pursuant to a group reorganisation, which was completed on 1 September    
    2004 (the "Reorganisation"), in the preparation for the listing of the    
    Company's shares on the Main Board of The Stock Exchange of Hong Kong     
    Limited (the "Stock Exchange"), the Company became the holding company of 
    the companies now comprising the Group.  The Company's shares were listed 
    on the Stock Exchange on 15 October 2004.                                 
                                                                              
    The Reorganisation involved companies under common control, and the       
    Company and its subsidiaries resulting from the Reorganisation are        
    regarded as a continuing group. Accordingly, the consolidated accounts of 
    the Group for the year ended 31 December 2004 have been prepared using the
    merger basis of accounting as if the Company had been the holding company 
    of the Group from the beginning of the earliest period presented.         
                                                                              
    As the Company was only incorporated on 24 March 2004, there are no       
    comparative figures in the Company's balance sheet as at 31 December 2003.
                                                                              
    The accounts have been prepared in accordance with accounting principles  
    generally accepted in Hong Kong and comply with Hong Kong Financial       
    Reporting Standards issued by the Hong Kong Institute of Certified Public 
    Accountants ("HKICPA").  They have been prepared under the historical cost
    convention except that certain property, plant and equipment are stated at
    revalued amount less subsequent accumulated depreciation and accumulated  
    impairment losses.                                                        
                                                                              
    2.      Impact of recently issued Hong Kong Financial Reporting Standards 
                                                                              
    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 1 January
    2005.  The Group has not early adopted these new HKFRSs in the accounts   
    for the year ended 31 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.