TIANJIN CAPITAL<01065> - Results Announcement

Tianjin Capital Environmental Protection Company Limited announced on 20/02/2003:
(stock code: 01065 )
Year end date: 31/12/2002
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2002    from 01/01/2001
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 633,858            563,207           
Profit/(Loss) from Operations      : 443,107            399,345           
Finance cost                       : (14,571)           N/A               
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       : 287,236            267,634           
% Change over Last Period          : +7.32     %
EPS/(LPS)-Basic (in dollars)       : 0.22               0.2               
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 287,236            267,634           
Final Dividend                     : RMB0.085           RMB0.08           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : To Be Announced        
Payable Date                       : To Be Announced     
B/C Dates for Annual         
  General Meeting                  : 07/03/2003         to 08/04/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

TURNOVER AND SEGMENT INFORMATION

                                                        
                       Sewage water                     Haihe Bridge
                     processing and 
                                                        construction
                construction of sewage    Road and      management
                water processing plants   toll stations             Group       
                          2002            2002          2002        2002
                          RMB'000         RMB'000       RMB'000   RMB'000
                                                        
Turnover                  551,126         78,185        4,547     633,858 
                          =======         ======        =====     =======       
        
                                        
Segment results           386,480         38,585        3,471     428,536 
                          =======         ======        =====           
                                        
Taxation                                                         (141,475)
                                                                ----------
Profit after taxation                                             287,061 
Minority interests                                                    175 
                                                                ---------
Profit attributable to shareholders                               287,236 
                                                                =========       

                     Sewage water                    Haihe Bridge
                   processing and 
                                                     construction
                construction of sewage    Road and     management
                water processing plants   toll stations             Group       
                          2001            2001          2001        2001
                          RMB'000         RMB'000       RMB'000   RMB'000
                                                                
Turnover                  480,964         79,663        2,580     563,207 
                          =======         ======        =====     =======
                                                                
Segment results           356,756         40,671        1,918     399,345 
                          =======         ======        =====
                                                                
Taxation                                                         (131,820)      
                                                                ----------      
                                                        
Profit after taxation                                             267,525 
        
Minority interests                                                    109 
                                                                ----------
                                                                
Profit attributable to shareholders                               267,634 
                                                                 =========