CHINA RESOURCES<0291> - Results Announcement

China Resources Enterprise, Limited announced on 20/9/2000:
(stock code: 291)
Year end date: 31/12/2000
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('000)           ('000)
Turnover                                 : 6,320,794        7,122,649
Profit/(Loss) from Operations            : 1,076,681        1,798,413
Finance cost                             : (175,632)        (184,144)
Share of Profit/(Loss) of Associates     : 320,903          247,721
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 765,450          963,106
% Change over Last Period                : -20.5%
EPS/(LPS)-Basic                          : $0.39            $0.56
         -Diluted                        : $0.38            $0.55 
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 765,450          963,106
Interim Dividend per Share               : 6 cents          6 cents
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 16/10/2000 to 20/10/2000 bdi.
Payable Date                             : on or about 1/11/2000
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1)     Earnings per share
        
The calculation of the basic and diluted earnings per share is based on 
the following data:
                                        Six months ended
                                            30th June
                                        2000            1999
                                        HK$'000         HK$'000
Earnings
Net profit attributable to shareholders 
  for the purpose of basic earnings 
  per share                             765,450         963,106 
Effect due to dilutive potential 
  ordinary shares of a subsidiary       (559)           (1,677)
                                        ------------------------
Net profit attributable to shareholders 
  for the purpose of diluted earnings 
  per share                             764,891         961,429
                                        =======         =======

Number of shares
                                        Six months ended        
                                             30th June
                                        2000            1999
Weighted average number of ordinary 
  shares for the purpose of basic 
  earnings per share                    1,984,328,623   1,733,290,205
Effect of dilutive potential 
  ordinary shares:
   - share options                      8,490,147       8,317,995       
                                        ----------------------------- 
Weighted average number of ordinary 
  shares for the purpose of dilutive 
  earnings per share                    1,992,818,770   1,741,608,200   
                                        =============   =============

(2)     Profit from Operations is arrived at after adopting the new SSAP1. 
Last year's figure has been restated to conform with current year's 
presentation.