CHINA PHARMA<01093> - Results Announcement (Summary)

China Pharmaceutical Group Limited announced on  22/3/2004:
(stock code: 01093 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 2,478,426          1,625,130         
Profit/(Loss) from Operations      : 618,289            297,891           
Finance cost                       : (25,361)           (26,682)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 7,610              7,916             
Profit/(Loss) after Tax & MI       : 504,169            228,142           
% Change over Last Period          : +121      %
EPS/(LPS)-Basic (in dollars)       : 0.3327             0.1662            
         -Diluted (in dollars)     : 0.3283             0.1635            
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 504,169            228,142           
Final Dividend                     : HK 7.0 cents       HK 6.0 cents      
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 10/5/2004          to 14/5/2004 bdi.
Payable Date                       : 28/5/2004 
B/C Dates for Annual         
  General Meeting                  : 10/5/2004          to 14/5/2004 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                              
1.      Profit from operations
                                                2003            2002
                                                HK$'000         HK$'000
Profit from operations has been arrived
at after charging (crediting):

Amortisation of intangible assets                13,770          14,303
Amortisation of goodwill                          3,168           1,546
Depreciation of property, plant and equipment   129,024         103,818
Impairment of intangible assets                  10,878               -
Bank interest income                             (1,589)         (1,737)
                                                ========        ========
2.      Earnings per share

The calculation of the basic and diluted earnings per share is based on 
the following data:             
                                                2003            2002

Profit attributable to shareholders        HK$504,169,000   HK$228,142,000
                                        =================   ==============
Weighted average number of ordinary 
shares for the purposes of basic 
earnings per share                          1,515,192,387    1,373,033,290
                                                                        
Effect of dilutive potential ordinary 
shares in respect of share options             20,501,401       22,612,855
                                        -----------------    -------------
Weighted average number of ordinary
shares for the purposes of diluted 
earnings per share                          1,535,693,788    1,395,646,145
                                        =================    =============