09:00     APT SATELLITE<01045> - Results Announcement                         

    APT Satellite Holdings Limited announced on 11/04/2005:                   
    (stock code: 01045 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    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                           : 277,260            302,241           
    Profit/(Loss) from Operations      : (38,565)           (149,087)         
    Finance cost                       : (4,117)            N/A               
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (509)              (64,833)          
    Profit/(Loss) after Tax & MI       : (57,757)           (224,718)         
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.1398)           (0.5443)          
             -Diluted (in dollars)     : (0.1398)           (0.5443)          
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (57,757)           (224,718)         
    Final Dividend                     : Nil                Nil               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for Annual                                                      
      General Meeting                  : 23/05/2005         to 26/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1) Loss from ordinary activities before taxation is arrived at after      
    charging:                                                                 
                                                                              
                                                                              
                                              2004               2003         
                                           HK$'000            HK$'000         
                                                                              
    Impairment loss recognised in respect of                                  
       property, plant and equipment         1,800           129,098          
    Depreciation                           177,992           236,322          
    Loss on disposal of property,                                             
       plant and equipment                      32              -             
                                          __________         ________         
                                                                              
    2) Loss per share                                                         
                                                                              
    (a) Basic loss per share                                                  
                                                                              
    The calculation of basic loss per share is based on the loss attributable 
    to shareholders of HK$57,757,000 (2003: HK$224,718,000) and the weighted  
    average of 413,265,000 ordinary shares (2003: 412,892,000 shares) in issue
    during the year ended 31 December 2004.                                   
                                                                              
    (b) Diluted loss per share                                                
                                                                              
    Diluted loss per share is the same as the basic loss per share as there   
    were no dilutive potential ordinary shares in existence during the years  
    2004 and 2003.                                                            
                                                                              
    For more details, please refer to the press announcement today.