MAANSHAN IRON<0323> - Results Announcement

Maanshan Iron & Steel Company Limited announced on 18/4/2001:
(stock code: 323)
Year end date: 31/12/2000
Currency: RMB                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 31/12/2000    to 31/12/1999
                                           ('000)           ('000)
Turnover                                 : 8,185,687        6,668,436
Profit/(Loss) from Operations            : 326,851          239,178
Finance cost                             : (203,494)        (225,797)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 102,301          13,112
% Change over Last Period                : +680%
EPS/(LPS)-Basic                          : RMB1.58 cents    RMB0.20 cent
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 102,301          13,112
Final Dividend per H Share               : RMB2 cents       NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 25/5/2001 to 26/6/2001 bdi.
Payable Date                             : To be announced
B/C Dates for Annual General Meeting     : 25/5/2001 to 26/6/2001 bdi.
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remark:

Finance costs of prior year have been separately disclosed in order to 
conform with current year's presentation.