13:18     CHINA EB INT'L<00257> - Results Announcement (1)                    

    China Everbright International Limited announced on 14/04/2005:           
    (stock code: 00257 )                                                      
    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                           : 65,244             83,613            
    Profit/(Loss) from Operations      : 28,322             (41,237)          
    Finance cost                       : (27,614)           (31,374)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 104,017            96,569            
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                31,982            
    Profit/(Loss) after Tax & MI       : 86,776             56,837            
    % Change over Last Period          : +52.7     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0341             0.0223            
             -Diluted (in dollars)     : 0.0335             0.0223            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 86,776             56,837            
    Final Dividend                     : 0.6 cent           NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 12/05/2005         to 18/05/2005 bdi.
    Payable Date                       : 23/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 12/05/2005         to 18/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      Turnover                                                          
                                                                              
    The principal activities of the Group are toll bridge operation, property 
    investments and management, environmental protection project management   
    and consultancy, securities trading and investment holding.               
                                                                              
    Turnover represents the toll bridge revenue, property rental income,      
    property management fee income and environmental protection project       
    management and consultancy fee income.  The amount of each significant    
    category of revenue recognised in turnover during the year is as follows: 
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Toll bridge revenue                             47,103          19,916    
    Property rental income                          12,819          13,822    
    Property management fee income                  2,721           -         
    Environmental protection project management                               
       and consultancy fee income                   2,601           -         
    Sale of timber products                         -               49,270    
    Securities trading                              -               605       
                                                    ---------       --------- 
                                                    65,244          83,613    
                                                    =========       ========= 
    2.      Income tax                                                        
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Current tax - Provision for PRC income tax                                
    Tax for the year                                1,211           4,306     
    Over-provision in respect of prior year         (3,208)         -         
                                                    ---------       --------  
                                                    (1,997)         4,306     
    Deferred tax                                                              
    Origination and reversal of temporary                                     
      differences                                   1,669           206       
    Share of associates' taxation                   18,835          13,336    
                                                    ---------       --------  
                                                    18,507          17,848    
                                                    =========       ========