09:16     DAHE MEDIA<08243> - Yearly Results Announcement                     

    Nanjing Dahe Outdoor Media Co., Ltd. announced on 24/03/2005:             
    (stock code: 08243 )                                                      
                                                                              
    Year end date                         :31/12/2004                         
    Currency                              :RMB                                
    Auditors' report                      :Unqualified                        
                                                                              
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                                 (Audited)         (Audited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2004   from 01/01/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :        221,790           166,464  
    Profit/(Loss) from Operations         :         29,948            33,939  
    Finance cost                          :        (5,667)           (3,079)  
    Share of Profit/(Loss) of Associates  :          (375)               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :         18,478            24,494  
    % Change Over the Last Period         :         -24.56%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :       RMB 0.02          RMB 0.04  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         18,478            24,494  
    Final Dividends per Share             :     RMB 0.0081       RMB 0.00805  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :     19/04/2005 to 19/05/2005 bdi. 
    Payable Date                          :     30/07/2005                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    Nanjing Dahe Outdoor Media Co., Ltd.                                      
                                                                              
    Signature :                                                               
    Name      : Yuen Wai Man                                                  
    Title     : Company Secretary                                             
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1. Principles of reporting                                                
                                                                              
    The consolidated financial information incorporates the financial         
    information of the Company and its subsidiaries made up to                
    31st December each year.                                                  
                                                                              
    The results of the subsidiaries acquired or disposed of during the        
    year are included or excluded in the consolidated income statement        
    from the effective date of acquisition or disposal, as appropriate.       
                                                                              
    All significant intercompany transactions and balances between group      
    member enterprises are eliminated on consolidation.                       
                                                                              
    The gain or loss on disposal of a subsidiary represents the difference    
    between the proceeds of the sale and the Group's share of its net         
    assets together with any unamortised goodwill or negative goodwill or     
    goodwill/negative goodwill taken to reserves and which was not            
    previously charged or recognised in the consolidated profit and loss      
    account.                                                                  
                                                                              
    2. Earnings per share                                                     
                                                                              
    The calculation of the earnings per share for the year ended 31st         
    December, 2004 is based on the net profit of RMB18,478,000                
    (2003: RMB24,500,000)and the wieghted average number of shares in         
    issue as if the subdivision of shares has been effective from             
    1st January, 2002.