CHINA PHARMA<1093> - Results Announcement

China Pharmaceutical Enterprise and Investment Corporation Limited 
announced on 19/4/2001:
(stock codes: Ord: 1093 & War: 837)
Year end date: 31/12/2000
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 31/12/2000    to 31/12/1999

Turnover                                 : 995,096,000      821,321,000
Profit/(Loss) from Operations            : 128,639,000      166,751,000
Finance cost                             : (29,843,000)     (29,407,000)
Share of Profit/(Loss) of Associates     : (290,000)        -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 3,779,000        7,210,000
Profit/(Loss) after Tax & MI             : 80,473,000       142,022,000
% Change over Last Period                : -43%
EPS/(LPS)-Basic                          : 6.49 cents       12.52 cents
         -Diluted                        : 6.40 cents       12.41 cents
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 80,473,000       142,022,000
Final Dividend per Share                 : Nil              3.3 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for 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:

                                                2000            1999

Profit attributable to shareholders       HK$80,473,000     HK$142,022,000
                                          ==============    ==============

Weighted average number of ordinary
shares for the purposes of basic 
earnings per share                        1,240,429,301     1,134,591,763

Effect of dilutive potential ordinary
shares in respect of share option            16,000,000         9,560,976
                                           --------------    -------------
Weighted average number of ordinary
shares for the purposes of diluted
earnings per share                         1,256,429,301    1,144,152,739
                                           =============    ==============

The computation of diluted earnings per share does not assume the exercise 
of the Company's outstanding warrants as the exercise price is higher than 
the fair value per share during the year.

2. Comparative figures

Certain comparative figures have been reclassified to conform with the 
current year's presentation.