13:17     CHINA NETCOM<00906> - Results Announcement (1)                      

    China Netcom Group Corporation (Hong Kong) Limited announced on 06/04/    
    2005:                                                                     
    (stock code: 00906 )                                                      
    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  ('Million  )       ('Million  )      
    Turnover                           : 64,922             59,898            
    Profit/(Loss) from Operations      : 15,529             (14,489)          
    Finance cost                       : (2,932)            (3,026)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (1)                (1)               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                (415)             
    Profit/(Loss) after Tax & MI       : 9,248              (11,111)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 1.64               (2.02)            
             -Diluted (in dollars)     : 1.63               (2.02)            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 9,248              (11,111)          
    Final Dividend                     : HK$0.037           N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 17/05/2005         to 20/05/2005 bdi.
    Payable Date                       : 10/06/2005                           
    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 presentation                                          
                                                                              
    China Netcom Group Corporation (Hong Kong) Limited (the "Company") is a   
    company incorporated in Hong Kong with limited liability on 22 October    
    1999.The Company was listed on the Hong Kong Stock Exchange on 17 November
    2004.                                                                     
                                                                              
    The financial statements of the Company and its subsidiaries (the "Group  
    ")have been prepared in accordance with Hong Kong Financial Reporting     
    Standards ("HKFRS") issued by the Hong Kong Institute of Certified Public 
    Accountants (''HKICPA''.)                                                 
                                                                              
    The Reorganisation was effective for accounting purposes on June 30, 2004,
    which was the date on which the Company and China Network Communications  
    Group Corporation ("China Netcom Group")  signed the legally binding      
    agreements that identified all specific assets and liabilities under the  
    Asset Injection transferred to the Company from China Netcom Group and the
    specific assets and liabilities transferred from Asia Netcom to China     
    Netcom Group.                                                             
                                                                              
    China Netcom Group and China Netcom Holdings were both state-owned        
    enterprises before and after the Reorganisation, and the acquisition of   
    China Netcom Holdings by China Netcom Group was carried out under the     
    directive of the State Council. Accordingly, the Reorganisation was       
    regarded as a common control transaction and accounted for under merger   
    accounting, as permitted by the Hong Kong Statement of Standard Accounting
    Practice 27 ''Accounting for group reconstructions'', and the assets and  
    liabilities injected into the Company by China Netcom Group have been     
    stated at historical amounts. The consolidated financial statements       
    present the consolidated results and financial position of the Group as if
    China Netcom Holdings and China Netcom Group had been merged throughout   
    the periods presented and as if the Restructured Businesses were injected 
    into the Company from China Netcom Group at the beginning of the earliest 
    periods presented or when such businesses were acquired by the Group  or  
    China Netcom Group, whichever is later. The consolidated financial        
    statements do not include the results and financial position of businesses
    previously owned by China Netcom Group outside the Eight Service Regions  
    which had been retained by China Netcom Group upon the Reorganisation.