09:03     BEIJING ENT<00392> - Results Announcement (2)                       

                                                                              
    (ii)    For profit for the year from continuing operations:               
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                    (Restated)
    Profit for the year from continuing operations                            
      attributable to equity shareholders of the                              
      parent, used in the basic earnings per share                            
      calculation                                   571,892         449,204   
                                                                              
    Interest expense for the year relating to the                             
     liability component of the convertible bonds                             
     of a subsidiary, net of current tax            4,819           5,302     
                                                                              
    Decrease in share of net profit for the year                              
      of a subsidiary, as a result of the dilution                            
      of interest in that subsidiary assuming the                             
      exercise of all the outstanding convertible                             
      bonds issued by that subsidiary               (14,077)        (11,314)  
                                                    ----------      --------- 
    Profit for the year from continuing operations                            
      attributable to equity shareholders of parent,                          
      used in the diluted earnings per share                                  
      calculation                                   562,634         443,192   
                                                    ==========      ========= 
                                                                              
    Number of ordinary shares:                                                
                                            2004            2003              
    Weighted average number of ordinary shares                                
      in issue during the year used in basic                                  
      and diluted earnings per share                                          
      calculations                          622,500,000     622,500,000       
                                            ===========     ===========       
                                                                              
    The exercise of the outstanding share options of the Company and Beijing  
    Development, a subsidiary of the Company, during the years ended 31       
    December 2004 and 2003 did not have a diluting effect on the Group's basic
    earnings per share for these years.                                       
                                                                              
    The exercise of the outstanding share options of Xteam Software           
    International Limited, a subsidiary of the Company acquired in 2004,      
    during the year ended 31 December 2004 did not have a diluting effect on  
    the Group's basic earnings per share for that year.                       
                                                                              
    3.      Explanation for any change of adjustment of the last corresponding
    results                                                                   
                                                                              
    The change of 2003 audited comparative figures is due to the early        
    adoption of all new Hong Kong Financial Reporting Standards and Hong Kong 
    Accounting Standards, which are generally effective for accounting periods
    beginning on or after 1 January 2005, issued by the Hong Kong Institute of
    Certified Public Accountants.                                             
                                                                              
    4.      Share of profits and losses of associates and jointly-controlled  
    entities                                                                  
                                                                              
    An analysis of share of profits and losses of associates and jointly-     
    controlled entities is as follows:                                        
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                    (Restated)
     i)      Associates                                                       
    Share of profits and losses before tax          59,182          41,981    
    Share of tax                                    (8,007)         (8,625)   
                                                    ----------      --------- 
    Share of profits and losses                     51,175          33,356    
                                                    ==========      ========= 
                                                                              
    ii)      Jointly-controlled entities                                      
    Share of profits and losses before tax          66,706          17,365    
    Share of tax                                    (10,253)        (4,406)   
                                                    ---------       --------- 
    Share of profits and losses                     56,453          12,959    
                                                    =========       ========= 
                                                                              
    For more details, please refer to the press announcement today.