CHINA RESOURCES<00291> - Results Announcement

China Resources Enterprise, Limited announced on 10/09/2003:
(stock code: 00291 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2003    from 01/01/2002
                                     to 30/06/2003      to 30/06/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 16,190,163         12,933,223        
Profit/(Loss) from Operations      : 651,381            930,328           
Finance cost                       : (128,552)          (171,046)         
Share of Profit/(Loss) of 
  Associates                       : 228,498            208,601           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 143,177            N/A               
Profit/(Loss) after Tax & MI       : 749,733            725,462           
% Change over Last Period          : +3.35     %
EPS/(LPS)-Basic (in dollars)       : 0.36               0.35              
         -Diluted (in dollars)     : 0.36               0.35              
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 749,733            725,462           
Interim Dividend                   : 10 cents           9 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : 06/10/2003         to 10/10/2003bdi.
Payable Date                       : 3/11/2003 
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

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
                                                2003            2002
                                                HK$'000         HK$'000
Earnings
Profit attributable to shareholders for the 
   purpose of calculating basic earnings 
   per share                                  749,733             725,462
Interest saving on exercise of convertible bonds
                                              34,352              --
                                              ---------------------------
Profit attributable to shareholders for the purpose     
of calculating diluted earnings per share    784,085              725,462
                                             =======              =======

                                                                        
                                        2003                    2002
Number of shares
Weighted average number of ordinary shares for 
the purpose of calculating basic earnings per share
                                      2,080,405,215         2,063,501,624
Effect of dilutive potential ordinary shares 
- Convertible bonds/Share options
                                      119,595,400             12,158,950
                                 ------------------      ---------------
Weighted average number of ordinary shares for 
   the purpose of calculating diluted earnings per share        
                                    2,200,000,615          2,075,660,574
                                   =============           ==============

2. Profit for the period is arrived at after the adoption of new and 
revised SSAP.  Last year's figures have been restated to conform with the 
current year's presentation.