CHINA RESOURCES<00291> - Results Announcement (Summary)

China Resources Enterprise, Limited announced on 18/9/2001:
(stock code: 291)
Year end date: 31/12/2001
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 30/6/2001     to 30/6/2000
                                           ('000)           ('000)
Turnover                                 : 12,059,464       6,320,794
Profit/(Loss) from Operations            : 1,050,869        1,076,681
Finance cost                             : (223,172)        (175,632)
Share of Profit/(Loss) of Associates     : 247,167          320,903
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 787,835          765,450
% Change over Last Period                : +2.92%
EPS/(LPS)-Basic                          : $0.39            $0.39
         -Diluted                        : $0.39            $0.38
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 787,835          765,450
Interim Dividend per Share               : $0.08            $0.06
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : 15/10/2001 to 19/10/2001 bdi.
Payable Date                             : on or about 1/11/2001
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remark:

Earnings per share
                                           Six months ended
                                           30th June,                     
                                         2001            2000
                                        HK$'000         HK$'000
The calculation of the basic and diluted 
 earnings per share is based on the following data:
Earnings
Profit attributable to shareholders for 
  the purpose of calculating 
  basic earnings per share              787,835         765,450 
Effect due to dilutive potential ordinary shares 
  of a subsidiary                       -               (559)            
                                        -----------------------
Profit attributable to shareholders 
  for the purpose of calculating 
  diluted earnings per share            787,835         764,891
                                        =======         =======
                                                                        
                                        2001            2000
Number of shares
Weighted average number of ordinary shares for the
   purpose of calculating basic earnings per share                      
                                        2,005,183,625   1,984,328,623
Effect of dilutive potential ordinary shares in respect
   of share options                     22,561,378      8,490,147
                                        -----------------------------
Weighted average number of ordinary shares for the 
   purpose of calculating diluted earnings per share                    
                                        2,027,745,003   1,992,818,770   
                                        =============================