CHONGQING IRON<01053> - Results Announcement

Chongqing Iron & Steel Company Limited announced on 27/02/2003:
(stock code: 01053 )
Year end date: 31/12/2002
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2002      from 1/1/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 4,182,430          3,760,029         
Profit/(Loss) from Operations      : 349,749            270,809           
Finance cost                       : (63,991)           (58,697)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 286,062            207,271           
% Change over Last Period          : +38       %
EPS/(LPS)-Basic (in dollars)       : 0.269              0.195             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 286,062            207,271           
Final Dividend                     : RMB 8 cents        RMB 3 cents       
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 14/03/2003         to 16/04/2003bdi.
Payable Date                       : 01/05/2003
B/C Dates for Annual         
  General Meeting                  : 14/03/2003         to 16/04/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A