08:56     GUANGSHEN RAIL<00525> - Results Announcement                        

    Guangshen Railway Company Limited announced on 17/03/2005:                
    (stock code: 00525 )                                                      
    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                           : 3,038,149          2,468,182         
    Profit/(Loss) from Operations      : 630,173            562,713           
    Finance cost                       : (1,136)            (2,468)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (12,070)           (2,417)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 567,484            511,762           
    % Change over Last Period          : +10.9     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.13               0.12              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 567,484            511,762           
    Final Dividend                     : RMB 0.11           RMB 0.105         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 12/04/2005         to 12/05/2005 bdi.
    Payable Date                       : To Be Announced                      
    B/C Dates for Annual                                                      
      General Meeting                  : 12/04/2005         to 12/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    Both the turnover in 2004 (RMB3,038,149k) and 2003 (RMB2,468,182k) are    
    presented as before sales tax.  In 2003 result summary, turnover in 2003  
    (RMB2,420,613k) was presented as net of sales tax (RMB47,569k).           
                                                                              
    For more details, please refer to the press announcement today.