09:09     BJ CAPITAL LAND<02868> - Results Announcement (1)                   

    Beijing Capital Land Limited announced on 22/03/2005:                     
    (stock code: 02868 )                                                      
    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  ($         )       ($         )      
    Turnover                           : 1,629,332,000      1,920,522,000     
    Profit/(Loss) from Operations      : 439,256,000        473,383,000       
    Finance cost                       : (74,195,000)       (11,146,000)      
    Share of Profit/(Loss) of                                                 
      Associates                       : 70,819,000         1,339,000         
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 19,222,000         (3,369,000)       
    Profit/(Loss) after Tax & MI       : 283,197,000        255,351,000       
    % Change over Last Period          : +11       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.1755             0.1854            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 283,197,000        255,351,000       
    Final Dividend per Share           : RMB0.070           RMB0.025          
    Final Special Dividend per Share   : N/A                RMB0.025          
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for Final Dividend       : 28/04/2005         to 27/05/2005 bdi.
    Payable Date                       : 15/06/2005                           
    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       BASIS OF PREPARATION                                              
                                                                              
    The accounts have been prepared in accordance with accounting principles  
    generally accepted in Hong Kong and comply with accounting standards      
    issued by the Hong Kong Institute of Certified Public Accountants (the "  
    HKICPA"). They have been prepared under the historical cost convention.   
                                                                              
    The accounting policies and methods of computation used in the preparation
    of these accounts are consistent with those used in the annual accounts   
    for the year ended 31st December 2003.                                    
                                                                              
    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 financial         
    statements 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       TURNOVER                                                          
                                                                              
    The Group is principally engaged in property development and investment,  
    hotel operation and property development consulting operation. Turnover   
    recognized during the year is as follows:                                 
                                                                              
                                            2004            2003              
                                            RMB'000         RMB'000           
                                                                              
    Properties and developed land sales     1,518,567       1,894,702         
    Hotel operation                         40,765          -                 
    Property development consulting operation                                 
                                            70,000          -                 
    Property management                     -               25,820            
                                            --------------------------        
                                            1,629,332       1,920,522         
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