08:54     CITIC RESOURCES<01205> - Results Announcement (1)                   

    CITIC Resources Holdings Limited announced on 19/04/2005:                 
    (stock code: 01205 )                                                      
    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                           : 3,610,791          24,535            
    Profit/(Loss) from Operations      : 167,088            (51,834)          
    Finance cost                       : (50,169)           (171)             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 49,862             (52,005)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0122             (0.0158)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 49,862             (52,005)          
    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 (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      BASIS OF PREPARATION                                              
                                                                              
    These financial statements have been prepared in accordance with Hong Kong
    Financial Reporting Standards (which also include Statements of Standard  
    Accounting Practice and Interpretations) issued by the Hong Kong Institute
    of Certified Public Accountants, accounting principles generally accepted 
    in Hong Kong and the disclosure requirements of the Hong Kong Companies   
    Ordinance.  They have been prepared under the historical cost convention. 
                                                                              
                                                                              
    2.      TURNOVER, OTHER REVENUE AND GAINS                                 
                                                                              
    Turnover represents the net invoiced value of goods sold during the year, 
    after allowances for returns, trade discounts and royalties, and excludes 
    intra-group transactions.                                                 
                                                                              
    An analysis of the Group's turnover, other revenue and gains is as        
    follows:                                                                  
                                                    2004            2003      
                                                    HK$'000         HK$'000   
                                                                              
    Turnover                                                                  
    Sale of goods                                                             
       Aluminium smelter                            857,072         -         
       Import and export of commodities             2,590,321       -         
       Coal                                         127,552         -         
       Crude oil                                    24,448          -         
       Others                                       11,398          24,535    
                                                    -----------     ----------
                                                    3,610,791       24,535    
                                                    -----------     ----------
    Other revenue and gains                                                   
    Interest income                                 25,743          13,273    
    Handling service fee                            8,653           -         
    Dividend income from listed investments         4,405           -         
    Gains on trading of forward contracts, net      8,397           -         
    Sale of scraps                                  1,944           249       
    Others                                          547             558       
                                                    -----------     ----------
                                                    49,689          14,080    
                                                    -----------     ----------
    Total revenue and gains                         3,660,480       38,615    
                                                    ===========     ==========