CHINA RESOURCES<0291> - Results Announcement

China Resources Enterprise, Limited announced on 26/4/2000:
(stock code: 291)
Year end date: 31/12/1999
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 12,902,299       5,475,100
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 2,101,319        1,676,766
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 2,101,319        1,676,766
Share of Profit/(Loss) of
  Associated Companies                   : 490,493          441,402
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 1,442,839        1,268,428
% Change over Last Period                : +13.75%
EPS/(LPS)-Basic                          : $0.79            $0.81
         -Diluted                        : $0.79            $0.80
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 1,442,839        1,268,428
Final Dividend per Share                 : $0.09            $0.09
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 13/6/2000 to 19/6/2000 bdi.
Payable Date                             : 3/7/2000
B/C Dates for Annual General Meeting     : 13/6/2000 to 19/6/2000 bdi.
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1) The calculation of the basic and diluted earnings
per share is based on the following data:

                                           1999             1998
                                           HK$'000          HK$'000
Earnings
Net profit attributable to shareholders for
  the purpose of basic earnings per
  share                                    1,442,839        1,268,428
Effect due to dilutive potential
  ordinary shares of a subsidiary          (2,236)          (2,375)
                                           ------------     ------------
Net profit attributable to shareholders for
  the purpose of diluted earnings per
  share                                    1,440,603        1,266,053
                                           =========        =========

Number of shares
Weighted average number of
  ordinary shares for the purposes of
  basic earnings per share                 1,817,388,934    1,575,192,665
Effect of dilutive potential
  ordinary shares:
     - Share options                       8,866,148        7,951,529
     - Convertible bonds                   -                11,929
                                           -----------------------------
Weighted average number of ordinary
  shares for the purpose of diluted earnings
  per share                                1,826,255,082    1,583,156,123
                                           =============    =============