13:05     SHINEWAY PHARM<02877> - Results Announcement (2)                    

                                                                              
    (III) Earnings per share                                                  
                                                                              
    The calculations of basic earnings per share is based on the following    
    data:                                                                     
                                                                              
                                                    2004            2003      
                                                    RMB'000         RMB'000   
    Net profit for the year and earnings for the                              
      purposes of basic earning per share           260,793         151,370   
                                                    ========        ========  
                                                                              
                                              Number of ordinary shares       
                                              2004            2003            
    Weighted average number of ordinary                                       
      shares for the purposes of basic                                        
      earnings per share                    617,232,877     600,000,000       
                                            ============    ============      
                                                                              
    For the purpose of calculations of earnings per share for 2003, the       
    weighted average number 600,000,000 shares in issue for 2003 was assumed  
    that the group reorganization was taken place on 1 January 2003.          
                                                                              
    No diluted earnings per share has been presented for both 2004 and 2003 as
    there were no dilutive potential ordinary shares in both years.