Dida Inc. — Earnings Release 1999

Apr 26, 2000

Listed Company Information

CHINA SHIP DEV<1138> - Results Announcement China Shipping Development Company Limited announced on 26/4/2000: (stock code: 1138) Year end date: 31/12/1999 Currency: RMB (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 3,110,238 3,257,117 - Discontinued : - - Operating Profit/(Loss) - Continuing : 187,346 41,295 - Discontinued : - - Total Operating Profit/(Loss) : 187,346 41,295 Share of Profit/(Loss) of Associated Companies : (27,537) (19,788) Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 126,873 10,632 % Change over Last Period : +1,093% EPS/(LPS)-Basic : RMB4.26 cents RMB0.38 cent -Diluted : - - Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : 126,873 10,632 Final Dividend per H Share : NIL NIL (Specify if with other options) : - - B/C Dates for Final Dividend : - Payable Date : - B/C Dates for Annual General Meeting : 17/5/2000 to 15/6/2000 bdi. Other Distribution for Current Period : - B/C Dates for Other Distribution : - Remarks: (1) The format of 1999 income statement has been changed in accordance with the new requirement of HKSSAP1. Therefore, the "operating profit / (Loss)" in 1999 as shown in the form was calculated as: RMB'000 1999 Profit from operating activities 466,313 Less: Finance Costs (278,967) --------- 187,346 ========= (2) The basic earnings per share in 1999 is calculated based on the net profit after taxation and MI (ie: net profit attributable to shareholders) for the current year of RMB126,873,000 and the 2,976,000,000 shares in issue during the year.