MAANSHAN IRON<0323> - Results Announcement

Maanshan Iron & Steel Company Limited announced on 27/4/2000:
(stock code: 323)
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                         : 6,668,436        6,429,425
    - Discontinued                       : N/A              N/A
Operating Profit/(Loss)
    - Continuing                         : 13,381           (167,106)
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 13,381           (167,106)
Share of Profit/(Loss) of
  Associated Companies                   : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax
  & MI                                   : 13,112           (167,941)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : RMB0.2 cent      (RMB2.6 cent)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 13,112           (167,941)
Final Dividend per H Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : -
Payable Date                             : -
B/C Dates for Annual General Meeting     : 29/5/2000 to 28/6/2000 bdi.
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

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