09:04     GREAT WALL AUTO<02333> - Results Announcement (1)                   

    Great Wall Automobile Holding Company Limited announced on 15/03/2005:    
    (stock code: 02333 )                                                      
    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                           : 3,184,614          3,691,706         
    Profit/(Loss) from Operations      : 553,588            877,732           
    Finance cost                       : (619)              (5,093)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 402,917            523,398           
    % Change over Last Period          : -23       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.43               0.76              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 402,917            523,398           
    Final Dividend                     : RMB 0.10           NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 08/04/2005         to 10/05/2005 bdi.
    Payable Date                       : 25/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 08/04/2005         to 10/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      BASIS OF PRESENTATION                                             
                                                                              
    These annual audited results of Great Wall Automobile Holding Company     
    Limited and its subsidiaries (collectively the "Group") have been prepared
    in Renminbi and in accordance with Hong Kong Financial Reporting Standards
    (which also include Statements of Standard Accounting Practice and        
    Interpretations) issued by the Hong Kong Institute of Certified Public    
    Accountants, accounting principles generally accepted in Hong Kong, and   
    the disclosure requirements of the Hong Kong Companies Ordinance. They    
    have been prepared under the historical cost convention, except for short 
    investments which are stated at fair value.                               
                                                                              
    2.      TURNOVER AND PROFIT FROM OPRATING ACTIVITIES                      
                                                                              
    The turnover and profit from operating activities of approximately RMB3,  
    184,614,000 (2003: RMB3,691,706,000 approximately)and RMB553,588,000 (    
    2003: RMB877,732,000 approximately), respectively, were all generated from
    continuing operations.                                                    
                                                                              
    3.      FINANCE COSTS                                                     
                                                                              
                                    2004            2003                      
                                    RMB'000         RMB'000                   
                                                                              
                                                                              
    Interest on bank loans wholly repayable                                   
      within five years             46              4,863                     
    Other finance costs             573             230                       
                                    ---------       ----------                
                                    619             5,093                     
                                    ========        =========                 
                                                                              
                                                                              
    Finance interest, net of finance costs, of RMB2,394,000 approximately as  
    reported in prior year's Result Announcement Form included an interest    
    income of RMB7,487,000 approximately.