FIRST TRACTOR<0038> - Results Announcement

First Tractor Company Limited announced on 28/4/2000:
(stock code: 38)
Year end date: 31/12/1999
Currency: RMB                                               (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                         : 2,865,137        2,703,563
    - Discontinued                       : N/A              N/A
Operating Profit/(Loss)
    - Continuing                         : 130,717          222,887
    - Discontinued                       : N/A              N/A
Total Operating Profit/(Loss)            : 130,717          222,887
Share of Profit/(Loss) of
  Associated Companies                   : 2,101            387
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 5,191            4,170
Profit/(Loss) after Tax & MI             : 80,121           132,439
% Change over Last Period                : -39.50%
EPS/(LPS)-Basic                          : RMB10.21 cents   RMB16.87 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 80,121           132,439
Final Dividend per H Share               : RMB5.3 cents     RMB5.2 cents
                                                            (HK4.87 cents)
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : 29/5/2000 to 27/6/2000 bdi.
Payable Date                             : 30/6/2000
B/C Dates for Annual General Meeting     : 29/5/2000 to 27/6/2000 bdi.
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : NIL

For more details, please refer to the press announcement today.