Listed Company Information

CHINA FLAVORS<03318> - Results Announcement

China Flavors and Fragrances Company Limited announced on 03/04/2006:
(stock code: 03318 )
Year end date: 31/12/2005
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2005    from 01/01/2004
                                     to 31/12/2005      to 31/12/2004
                               Note  ('000      )       ('000      )
Turnover                           : 221,667            158,539           
Profit/(Loss) from Operations      : 75,983             50,385            
Finance cost                       : (3,242)            (3,570)           
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       : 59,763             42,477            
% Change over Last Period          : +41       %
EPS/(LPS)-Basic (in dollars)       : 0.20               0.14              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 59,763             42,477            
Final Dividend                     : Nil                N/A
  per Share                                              
(Specify if with other             : N/A                N/A
B/C Dates for 
  Final Dividend                   : N/A   
Payable Date                       : N/A
B/C Dates for Annual         
  General Meeting                  : 02/05/2006         to 04/05/2006 bdi.
Other Distribution for             : N/A
  Current Period                     
B/C Dates for Other 
  Distribution                     : N/A   

1.      Basis of preparation

The consolidated accounts have been prepared in accordance with Hong Kong 
Financial Reporting Standards ("HKFRS").  The consolidated accounts have 
been prepared under the historical cost convention.

The preparation of the financial information in conformity with HKFRS 
requires the use of certain critical accounting estimates. It also 
requires management to exercise its judgement in the process of applying 
the Company's accounting policies.

2.      Earnings per share

Basic earnings per share is calculated by dividing the profit attributable 
to equity holders of the Company by the weighted average number of 
ordinary shares in issue during the year.

                                        2005            2004
Profit attributable to equity holders of the Company    
                                        59,763          42,477
                                        ---------       --------
Weighted average number of ordinary shares in issue * (thousand shares) 
                                        306,027         300,000
                                        ---------       ---------
Basic earnings per share (RMB per share)        
                                        0.20            0.14
                                        ---------       ---------

*       In determining the number of shares in issue, 300,000,000 shares 
issued on the incorporation of the Company and the Reorganisation of the 
Group were deemed to have been in issue since 1 January 2004.

Diluted earnings per share is not presented as there were no dilutive 
potential ordinary shares.

3.      Book closure date

The register of members of the Company will be closed from Tuesday 2 May 
2006 to Thursday 4 May 2006 (both days inclusive) during which period no 
transfer of shares will be registered. In order to entitle attend and vote 
at the forthcoming annual general meeting, all transfer documents, 
accompanied by the relevant share certificates, must be lodged with the 
Company's branch share registrar and transfer office of the Company in 
Hong Kong, Tricor Investor Services Limited, at 26/F Tesbury Centre, 28 
Queen's Road East, Hong Kong not later than 4:00 p.m. on Friday 28 April