CITIC Limited — Audit Report / Information 2012

Feb 27, 2013

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CITIC Pacific Limited 中信泰富有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 00267)

DAYE SPECIAL STEEL CO., LTD. A SUBSIDIARY OF CITIC PACIFIC LIMITED ANNOUNCEMENT OF AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012

This Announcement is made by CITIC Pacific Limited (“CITIC Pacific”) pursuant to the requirements of Rule 13.10B of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited to provide shareholders of CITIC Pacific and the public with the audited financial results of Daye Special Steel Co., Ltd. (“Daye”) for the year ended 31 December 2012.

SUMMARY

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the People’s Republic of China (“PRC”) whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 26 February 2013, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2012. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 27 February 2013.

Daye, a subsidiary of CITIC Pacific, is a company incorporated in the PRC whose shares are listed on the Shenzhen Stock Exchange. CITIC Pacific has a 58.13% attributable interest in Daye. On 26 February 2013, the board of directors of Daye has approved the audited financial statements and auditors’ report for the year ended 31 December 2012. Daye’s audited financial results will be posted on the Shenzhen Stock Exchange’s website on 27 February 2013. The audited financial statements have been prepared in conformity with “Accounting Standards for Business Enterprises” of the PRC. The Profit and Loss Account for the year ended 31 December 2012 and the Balance Sheet as at 31 December 2012 of Daye are provided below : -

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DAYE SPECIAL STEEL CO., LTD.

PROFIT AND LOSS ACCOUNT – AUDITED FOR THE YEAR ENDED 31 DECEMBER 2012

		2012	2011
		RMB	RMB
1. Total Operating Income		8,122,734,464	9,261,828,248
_Including:_Operating income		8,122,734,464	9,261,828,248
	Interest income	-	-
	Insurance premiums earned	-	-
	Fee and commission income	-	-
2. Total Operating Costs		7,919,180,312	8,706,573,081
_Including:_Operating costs		7,445,542,697	8,224,781,407
	Interest expenses	-	-
	Fee and commission expense	-	-
	Surrenders payment	-	-
	Net expenditure for compensation payment	-	-
	Net provision for insurance contract	-	-
	Expenditure for insurance policy dividend	-	-
	Reinsurance cost	-	-
	Operating taxes and surcharges	19,029,866	9,707,235
	Selling expenses	79,918,454	75,461,848
	General and administrative expenses	355,637,910	378,895,656
	Financial expenses	6,609,012	30,084,395
	Impairment losses on assets	12,442,373	-12,357,460
Add:	Gain on change in fair value (“-” indicate loss)	-	-
	Investment income (“-” indicate loss)	-	-
	(including: investment income on associated	-	-
	companies and joint ventures)
	Exchange gains (“-” indicate loss)	-	-
3. Operating Profit (“-” indicate loss)		203,554,152	555,255,167
Add:	Non-operating income	65,043,452	104,122,150
Less:	Non-operating expenses	6,768,970	5,138,543
	(including: loss on disposal of non-current assets)	5,480,794	4,320,001
4. Profit before Tax (“-” indicate total loss)		261,828,634	654,238,774
Less:	Income tax	43,607,749	69,307,332

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PROFIT AND LOSS ACCOUNT – AUDITED continued FOR THE YEAR ENDED 31 DECEMBER 2012

2012201 RMBRM5. Net Profit (“-” indicate net loss)218,220,885584,931,44_Including:_Net profit of the acquiree entity in a businesscombination involving enterprises under commoncontrol before the combination date- Net profit attributable to the owners of the Company218,220,885584,931,44 Non-controlling interests-6. Earnings per share (1) Earnings per share - basic0.4861.30 (2) Earnings per share - diluted0.4861.30 7. Other comprehensive income- 8. Total comprehensive income218,220,885584,931,44Total comprehensive income attributable to the owners of theCompany218,220,885584,931,44Total comprehensive income attributable to non-controllinginterests-

1B2-2-22-22-

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BALANCE SHEET – AUDITED AS AT 31 DECEMBER 2012

ASSETSCurrent AssetsNon-current AssetsTotal AssetsLIABILITIES AND OWNERS’ EQUITY(OR SHAREHOLDERS’ EQUITY)Current LiabilitiesNon-current Liabilities Total LiabilitiesOwners’ Equity (or Shareholders’ Equity)Paid-up Capital (or Share Capital)Capital ReserveLess: Treasury SharesSpecial ReserveSurplus ReserveGeneral risk provisionsRetained ProfitForeign currency translation differences Total owners' equity attributable to the CompanyNon-controlling interestsTotal Owners’ Equity (or Shareholders’ Equity)Total Liabilities and Owners’ Equity (orShareholders’ Equity)	31 December2012RMB1,561,477,2592,692,700,3764,254,177,6351,199,204,747117,308,0961,316,512,843-----------------449,408,480485,653,274--226,114,429-1,776,488,609-2,937,664,792- 2,937,664,7924,254,177,635	31 December2011RMB2,086,134,5022,615,256,801
		4,701,391,303
		1,755,589,92646,594,078
		1,802,184,004-----------------449,408,480485,653,274--226,114,429-1,738,031,116-2,899,207,299-
		2,899,207,299
		4,701,391,303

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GENERAL

Shareholders should note that the above audited financial results pertain only to Daye and not to CITIC Pacific itself.

Daye Annual Report 2012, Summary Financial Report 2012 and other relevant information can be found on the Shenzhen Stock Exchange’s website (http://www.szse.cn).

By order of the Board CITIC Pacific Limited Ricky Choy Wing Kay Company Secretary

Hong Kong, 27 February 2013

As at the date hereof, the executive directors of CITIC Pacific are Messrs Chang Zhenming (Chairman), Zhang Jijing, Vernon Francis Moore and Liu Jifu; the non-executive directors of CITIC Pacific are Messrs André Desmarais, Ju Weimin, Yin Ke, Carl Yung Ming Jie and Peter Kruyt (alternate director to Mr André Desmarais); and the independent non-executive directors of CITIC Pacific are Messrs Alexander Reid Hamilton, Gregory Lynn Curl, Francis Siu Wai Keung and Dr Xu Jinwu.

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