CHINA SHIP DEV<01138> - Results Announcement (Summary)

China Shipping Development Company Limited announced on 25/3/2002:
(stock code: 1138)
Year end date: 31/12/2001
Currency: RMB
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 3,894,926        3,190,847
Profit/(Loss) from Operations            : 898,156          535,996
Finance cost                             : (179,057)        (213,742)
Share of Profit/(Loss) of Associates     : 280,786          2,760
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : 325,258          281,967
% Change over Last Period                : +15.35%
EPS/(LPS)-Basic                          : RMB0.1093        RMB0.0947
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 325,258          281,967
Final Dividend per H Share               : RMB0.05          RMB0.05
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : 27/4/2002 to 27/5/2002 bdi.
Payable Date                             : to be decided
B/C Dates for Annual General Meeting     : 27/4/2002 to 27/5/2002 bdi.
Other Distribution for Current Period    : Nil          
B/C Dates for Other Distribution         : N/A