CHINA PHARMA<01093> - Results Announcement (Summary)

China Pharmaceutical Group Limited announced on 12/08/2003:
(stock code: 01093 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2003    from 01/01/2002
                                     to 30/06/2003      to 30/06/2002 
                               Note  ($         )       ($         )
Turnover                           : 1,360,282,000      705,193,000       
Profit/(Loss) from Operations      : 437,521,000        130,619,000       
Finance cost                       : (14,575,000)       (12,725,000)      
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 3,050,000          4,081,000         
Profit/(Loss) after Tax & MI       : 359,361,000        101,161,000       
% Change over Last Period          : +255      %
EPS/(LPS)-Basic (in dollars)       : 0.2392             0.0812            
         -Diluted (in dollars)     : 0.2343             0.08              
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 359,361,000        101,161,000       
Interim Dividend                   : 7.00 cents         NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
B/C Dates for 
  Interim Dividend                 : 01/09/2003         to 05/09/2003bdi.
Payable Date                       : 26/09/2003
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. Profit from operations
                                        For the six months ended June 30,
                                                2003            2002
                                                HK$             HK$
Profit from operations has been arrived
at after charging (crediting):

    Allowance for bad and doubtful debts        -               5,450,000
    Amortisation of intangible assets           6,873,000       7,566,000
    Depreciation of property, plant and equipment   
                                                63,111,000     47,359,000
    Bank interest income                         (774,000)      (480,000)
                                        =================================

2. Earnings per share

The calculation of the basic and diluted earnings per share is based on 
the following data:             
                                        For the six months ended June 30,
                                                 2003                2002
 
 Profit attributable to shareholders       HK$359,361,000   HK$101,161,000
                                        ==================================
                                                                        
 Weighted average number of ordinary 
      shares for the purposes of basic 
         earnings per share                 1,502,212,661    1,245,580,163
 
 Effect of dilutive potential ordinary
      shares in respect of share options        31,350,946      19,661,140
                                         --------------------------------- 
 Weighted average number of ordinary
      shares for the purposes of diluted 
      earnings per share                   1,533,563,607     1,265,241,303
                                          ================================