Listed Company Information
 

CHINA AEROSPACE<00031> - Results Announcement

China Aerospace International Holdings Limited announced on 31/08/2006:
(stock code: 00031 )
Year end date: 31/12/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2006    from 01/01/2005
                                     to 30/06/2006      to 30/06/2005
                               Note  ($         )       ($         )
Turnover                        1  : 711,333,000        1,029,889,000     
Profit/(Loss) from Operations   2  : 78,947,000         189,046,000       
Finance cost                       : 9,495,000          15,014,000        
Share of Profit/(Loss) of 
  Associates                       : N/A                274,000           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (3,793,000)        (5,269,000)       
Profit/(Loss) after Tax & MI       : 53,473,000         18,833,000        
% Change over Last Period          : +183.93   %
EPS/(LPS)-Basic (in dollars)    3  : 0.025              0.009             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 53,473,000         18,833,000        
Interim Dividend                   : Nil                Nil
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Interim Dividend                 : N/A   
Payable Date                       : N/A
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.      Turnover
                                        1.1.2006         1.1.2005 
                                        to               to
                                        30.6.2006        30.6.2005
                                        _________        _________

                                        HK$'000         HK$'000
                                                        (Restated)

Continuing operations                   711,333         914,645
Discontinued operation                    -             115,244
                                        _________________________       
                                        711,333         1,029,889
                                        =========================
                

2.      Profit before taxation has been arrived at after charging
(crediting):

                        Continuing operations     Discontinued operation
                          Six months ended          Six months ended
                        30.6.2006   30.6.2005     30.6.2006    30.6.2005
                        HK$'000     HK$'000       HK$'000       HK$'000
                                
Amortisation of 
prepaid lease 
payments                 1,045        1,035         -           -

Depreciation on
property, plant and 
equipment                22,029       22,773         -          1,030

Fair value changes of
investment properties     (850)         -           -           -

(Gain) loss on disposal
of property, plant and
equipment                 (65)        4,573         -           -

Interest income         (5,557)       (1,557)       -           -
                       ===================================================
        

3.      Earnings per share

The calculation of the basic earnings per share is based on the following 
data:

                                        1.1.2006        1.1.2005
                                        to              to
                                        30.6.2006       30.6.2005
                                        __________      __________

                                        HK$'000         HK$'000
Net Profit              
Net profit for the period for
 calculation of basic earnings
 per share                              53,473          18,833
                                        ===========================
                
Number of Shares                
Weighted average number of ordinary
 shares for the calculation of 
 basic earnings per share              2,142,420,000   2,142,420,000
                                       ==============================   

No diluted earnings per share has been presented for both periods as there 
is no dilutive potential share in issue.


4.      Certain comparative figures have been restated in order to achieve 
a consistent presentation.