13:08     SHOUGANG CENT<00103> - Results Announcement (1)                     

    Shougang Concord Century Holdings Limited announced on 18/04/2005:        
    (stock code: 00103 )                                                      
    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                           : 427,864            297,271           
    Profit/(Loss) from Operations   1  : 80,703             83,278            
    Finance cost                       : (4,463)            (3,178)           
    Share of Profit/(Loss) of                                                 
      Associates                       : 4,562              5,251             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 7,833              6,847             
    Profit/(Loss) after Tax & MI    1  : 148,114            66,092            
    % Change over Last Period          : +124.1    %                          
    EPS/(LPS)-Basic (in dollars)    2  : 0.1453             0.075             
             -Diluted (in dollars)  2  : 0.1319             0.07              
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 148,114            66,092            
    Final Dividend                     : $0.015             $0.02             
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 08/06/2005         to 13/06/2005 bdi.
    Payable Date                       : 04/07/2005                           
    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. The Group's profit from operations has been arrived at after charging  
       (crediting):                                                           
                                                                              
                                                         2004           2003  
                                                         ----           ----  
                                                      HK$'000        HK$'000  
                                                      -------        -------  
                                                                              
    Cost of inventories sold                          307,858        190,813  
    Depreciation                                       25,434         24,814  
    Amortization of land use rights                       791            614  
    Amortization of goodwill                            2,222            556  
    Allowance for (recovery of) bad and doubtful debts  3,244         (7,714) 
                                                      ========       ======== 
                                                                              
                                                                              
    Further, the Group's profit after taxation and minority interests has been
    arrived at after charging (crediting):                                    
                                                                              
                                                         2004           2003  
                                                         ----           ----  
                                                      HK$'000        HK$'000  
                                                      -------        -------  
                                                                              
    Gain on disposal of subsidiaries                   76,651              -  
    Loss on disposal of a jointly controlled entity    (9,410)             -  
                                                      ========       ========