08:57     CHINA HAIDIAN<00256> - Results Announcement (1)                     

    China Haidian Holdings Limited announced on 22/04/2005:                   
    (stock code: 00256 )                                                      
    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                           : 523,802            287,878           
    Profit/(Loss) from Operations      : 37,732             (38,756)          
    Finance cost                       : (10,382)           (8,851)           
    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       : 11,373             (31,994)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0074             (0.0207)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 11,373             (31,994)          
    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 Annual                                                      
      General Meeting                  : 23/05/2005         to 27/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      TURNOVER AND REVENUE                                              
                                                                              
            Turnover represents the net invoiced value of goods sold, after   
    allowances for returns and trade discounts, an appropriate proportion of  
    revenue from sales of properties under development, interest income and   
    rental income received and receivable.                                    
                                                                              
            An analysis of turnover and other revenue is as follows:          
                                                                              
                                            Group                             
                                    2004            2003                      
                                    HK$'000         HK$'000                   
    Turnover                                                                  
    Sales of goods                  298,657         279,253                   
    Sales of properties             217,920         -                         
    Gross rental income             5,212           5,327                     
    Interest income                 2,013           3,298                     
                                    -----------------------                   
                                    523,802         287,878                   
                                    -----------------------                   
                                                                              
    Other revenue                                                             
    Dividend income from listed                                               
    investments                     537             340                       
    PRC valued added tax refund     5,384           9,816                     
    Claim received                  -               8,233                     
    Incentive bonus received from                                             
     the PRC government             -               942                       
    Others                          2,006           705                       
                                    -----------------------                   
                                    7,927           20,036                    
                                    -----------------------                   
                                                                              
                                    531,729         307,914                   
                                    ========        =========                 
                                                                              
    2.      TAX                                                               
                                                                              
    Taxes on profits assessable elsewhere have been calculated at the rates of
    tax prevailing in the countries in which the Group operates, based on     
    existing legislation, interpretations and practices in respect thereof.