CHONGQING IRON<01053> - Results Announcement (Summary)

Chongqing Iron & Steel Company Limited announced on 30/8/2001:
(stock code: 1053)

Please refer to the press announcement for the details of the audit 
committee's review report on the interim financial statement, to be issued 
by the Company on 31/8/2001.

Year end date: 31/12/2001
Currency: RMB                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 30/6/2001     to 30/6/2000
                                           ('000)           ('000)
Turnover                                 : 1,881,704        1,734,853
Profit from Operations                   : 158,981          56,289
Finance cost                             : (30,558)         (29,340)
Share of Profit of Associates            : N/A              N/A
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit after Taxation & MI               : 123,685          23,731
% Change over Last Period                : +421.20%
EPS - Basic                              : RMB11.6 cents    RMB2.2 cents
    - Diluted                            : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit after ETD Items                   : 123,685          23,731
Interim Dividend per H Share             : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

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