09:15     CCOE<08286> - Quarterly Results Announcement (1)                    

    SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.  announced on 29/4/2005:  
    (stock code: 08286 )                                                      
                                                                              
    Year end date                         :31/3/2005                          
    Currency                              :RMB                                
    Auditors' report                      :N/A                                
    1st Quarterly Report Reviewed by      :Audit Committee                    
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                             (* Unaudited)     (* Unaudited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2005   from 01/01/2004  
                                             to 31/03/2005     to 31/03/2004  
                                                     $'000             $'000  
                                                                              
    Turnover                              :          8,673             7,544  
    Profit/(Loss) from Operations         :          2,853             2,828  
    Finance cost                          :              0             (176)  
    Share of Profit/(Loss) of Associates  :            N/A               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :          2,425             2,404  
    % Change Over the Last Period         :          +0.87%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :      RMB 0.008         RMB 0.011  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         2,425             2,404   
    1st Quarter Dividends per Share       :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for 1st Quarter Dividends   :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    SHANXI CHANGCHENG MICROLIGHT EQUIPMENT CO. LTD.                           
                                                                              
    Signature :                                                               
    Name      : POON SHIU CHEONG                                              
    Title     : COMPANY SECRETARY                                             
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1. Basis of preparation                                                   
                                                                              
    The Company was registered as a joint stock limited company               
    on 10 November 2000 in the People's Republic of China.                    
    It subsequently listed the H Shares under the Placing on                  
    18 May 2004.                                                              
                                                                              
    The unaudited quarterly results were prepared on the basis that           
    the existing Company's structure had been in place throughout             
    the period from 1 January 2005 to 31 March 2005.                          
                                                                              
    The unaudited quarterly results of the Company have been prepared         
    in accordance with and comply with the applicable accounting              
    principles generally accepted in Hong Kong and the disclosure             
    requirements of the GEM Listing Rules. They are prepared under            
    the historical cost convention, as modified by the revaluation            
    of short term investments.                                                
                                                                              
    The principal accounting policies and basis used in the preparation       
    of the unaudited results are consistent with those used in the            
    Company's annual financial statements for the year ended 31               
    December 2004.