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Deewin Tianxia Co., Ltd Earnings Release 2003

Apr 23, 2004

50584_rns_2004-04-23_21fbb9c4-b237-436a-8895-f0b6b7116a3a.htm

Earnings Release

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Listed Company Information

Listed Company Information
ING BEIJING<01062> - Results Announcement (Summary)

ING Beijing Investment Company Limited announced on 23/04/2004:
(stock code: 01062 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified

(Audited )
(Audited ) Last
Current Corresponding
Period Period
from 01/01/2003 from 01/01/2002
to 31/12/2003 to 31/12/2002
Note ($ ) ($ )
Turnover : 2,432,851 7,323,994
Profit/(Loss) from Operations : 20,431,022 (19,934,508)
Finance cost : N/A N/A
Share of Profit/(Loss) of
Associates : (13,810,728) (963,800)
Share of Profit/(Loss) of
Jointly Controlled Entities : 1,754,967 1,029,042
Profit/(Loss) after Tax & MI : 8,181,299 (19,990,416)
% Change over Last Period : 140.93 %
EPS/(LPS)-Basic (in dollars) : 0.0152 (0.0371)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 8,181,299 (19,990,416)
Final Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
Final Dividend : N/A
Payable Date : N/A
B/C Dates for Annual
General Meeting : 21/05/2004 to 27/05/2004bdi.
Other Distribution for : N/A
Current Period

B/C Dates for Other
Distribution : N/A

Remarks:

Basic EPS

The calculation of basic earnings/(loss) per share is based on the profit
attributable to shareholders of HK$8,181,299 (2002: loss of $19,990,416)
on the weighted average mumber of 539,512,583 (2002: 539,512,000) ordinary
shares in issue during the year.

= HK$8,181,299 / 539,512,583
= 0.0152 dollar
=============

Diluted EPS

Diluted earnings per share is not shown for the years ended December 31,
2003 and 2002 as the potential ordinary shares were anti-dilutive.