CHINA SP FIBRE<00285> - Results Announcement

China Specialised Fibre Holdings Limited announced on 18/12/2003:
(stock code: 00285 )
Year end date: 31/12/2003
Currency: RMB
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 30/6/2003       to 30/6/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 221,124            356,735           
Profit/(Loss) from Operations      : 18,030             88,673            
Finance cost                       : (16,014)           (12,188)          
Share of Profit/(Loss) of 
  Associates                       : N/A                N/A               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 1,733              66,629            
% Change over Last Period          : -97.4     %
EPS/(LPS)-Basic (in dollars)       : 0.001              0.036             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 1,733              66,629            
Interim Dividend                   : Nil                Nil               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


1.      EARNINGS PER SHARE

        The calculation of basic earnings per share for the period ended 
30 June 2003 is based on the profit attributable to shareholders of 
approximately RMB1,733,000 (30 June 2002: RMB66,629,000) and 1,860,000,000 
(30 June 2002: 1,860,000,000) ordinary shares in issue during the year.

        No diluted earnings per share is presented as there were no 
dilutive potential shares in existence during the periods ended 30 June 
2003 and 30 June 2002.


2.      COMPARATIVE FIGURES

        Profit from operations and finance cost were restated to conform 
to the current year's presentation.