09:00     CATIC SHENZHEN<00161> - Results Announcement                        

    CATIC Shenzhen Holdings Limited announced on 14/04/2005:                  
    (stock code: 00161 )                                                      
    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  ($         )       ($         )      
    Turnover                           : 1,757,642,000      1,181,009,000     
    Profit/(Loss) from Operations      : 48,431,000         106,682,000       
    Finance cost - Net                 : (25,252,000)       (19,519,000)      
    Share of Profit/(Loss) of                                                 
      Associates                       : (2,401,000)        228,000           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (20,609,000)       44,776,000        
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0321)           0.0697            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (20,609,000)       44,776,000        
    Final Dividend                     : RMB0.013           RMB0.03           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 13/05/2005         to 13/06/2005 bdi.
    Payable Date                       : 30/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 13/05/2005         to 13/06/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    The calculation for basic EPS/(LPS)                                       
                                                                              
    Loss per share for the twelve months ended 31st Dec, 2004 was computed by 
    dividing the consolidated loss attributable to shareholders of            
    approximately RMB20,609,000 ( the same period of 2003: profit attributable
    to shareholders of approximately RMB44,776,000 ) by the total number of   
    issued shares outstanding during the period of 642,000,000 (the same      
    period of 2003: 642,000,000) shares.                                      
                                                                              
    For more details, please refer to the press announcement today.