HESHUN SP FIBRE<00285> - Results Announcement (Summary)

Heshun Specialised Fibre Holdings Limited announced on 26/4/2002:
(stock code: 285)
Year end date: 31/12/2001
Currency: RMB
Auditors' Report: Modified
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                                 : 655,856          633,985
Profit/(Loss) from Operations            : 168,724          226,018
Finance cost                             : (25,066)         (23,538)
Share of Profit/(Loss) of Associates     : -                (22)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : 143,680          182,421
% Change over Last Period                : -21.2%
EPS/(LPS)-Basic                          : RMB0.08          RMB0.13
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 143,680          182,421
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A