CITIC Limited — Earnings Release 2003

Mar 18, 2004

Listed Company Information

CITIC PACIFIC<00267> - Results Announcement (Summary) CITIC Pacific Limited announced on 18/03/2004: (stock code: 00267 ) Year end date: 31/12/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 1/1/2003 from 1/1/2002 to 31/12/2003 to 31/12/2002 Note ('Million ) ('Million ) Turnover : 26,180 22,316 Profit/(Loss) from Operations : 1,132 2,583 Finance cost : (320) (434) Share of Profit Less (Loss) of Associates : 769 1,987 Share of Profit Less (Loss) of Jointly Controlled Entities : 341 368 Profit/(Loss) after Tax & MI : 1,305 3,875 % Change over Last Period : -66.3 % EPS/(LPS)-Basic (in dollars) : 0.6 1.77 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 1,305 3,875 Final Dividend : $0.70 $0.70 per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : 4/5/2004 to 10/5/2004 bdi. Payable Date : 13/5/2004 B/C Dates for Annual General Meeting : 4/5/2004 to 10/5/2004 bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) The calculation of earnings per share is based on profit attributable to shareholders of HK$1,305 million (2002 : HK$3,875 million) and on 2,188,460,160 shares in issue throughout the year (2002 : the weighted average number of 2,189,736,763 shares). No diluted earnings per share is presented for the year ended 31st December, 2003 as the exercise of all the share options outstanding during the year have no dilutive effect on the earnings per share. (2) Profit from Operations represents profit from consolidated activities. (3) Finance cost represents net finance charges. (4) Pursuant to the adoption of SSAP 12 (Revised) "Income Taxes" which became effective for the current accounting year and the refinement of the Group's classification of associated companies, jointly controlled entities and investments, certain comparative figures and presentation of the accounts have been changed.