(Incorporated in Hong Kong with limited liability)

(Stock Code : 291) Announcement of audited financial results by a subsidiary - China Resources Jinhua Co., Ltd.

On 9th March, 2005, the board of directors of "'ìll�"'$:ffi{fi!R�ir (China Resources Jinhua Co., Ltd.) ("CR Jinhua"), a company incorporated in the People's Republic of China ("PRC") and the shares of which are listed on the Shenzhen Stock Exchange of the PRC and an approximate 51.0% subsidiary of China Resources Enterprise, Limited (the "Company"), has reviewed and approved the audited financial results of CR Jinhua for the year ended 31st December, 2004 which will be published in the newspapers in the PRC on 10th March, 2005. The financial statements of CR Jinhua have been prepared in conformity with "Accounting Standards for Enterprises" and "Accounting Systems for Enterprises" of the PRC. The summary of the audited consolidated profit and loss account of CR Jinhua is provided below.

This is not the announcement of the audited financial results of the Company for the year ended 31st December, 2004. This announcement is made by the Company pursuant to the requirements of the Listing Rules to provide shareholders of the Company with certain financial information of a listed subsidiary which will publish its financial results in the PRC.

On 9th March, 2005, the board of directors of CR Jinhua, a company incorporated in the PRC and the shares of which are listed on the Shenzhen Stock Exchange of the PRC and an approximate 51.0% subsidiary of the Company, has reviewed and approved the audited financial results of CR Jinhua for the year ended 31st December, 2004 which will be published in the newspapers in the PRC on 10th March, 2005.

China Resources Jinhua Co., Ltd.

Summary of the audited consolidated profit and loss account for the year ended 31st December, 2004

From 1st January, 2004 to From 1st January, 2003 to



31st December, 2004 31st December, 2003

RMB'000

HK$'000 (equivalent)

RMB'000

HK$'000 (equivalent)

Turnover

621,114

585,404

466,406

439,591

Profit before income tax

19,759

18,623

27,923

26,318

Income tax

(6,156 )

(5,802 )

(7,711 )

(7,268 )

Profit after income tax

13,603

12,821

20,212

19,050

Minority interests

(11,658 )

(10,988 )

(5,811 )

(5,477 )

Profit attributable to shareholders

1,945

1,833

14,401

13,573



Notes: The above financial results of CR Jinhua have been prepared in conformity with "Accounting Standards for Enterprises" and "Accounting

Systems for Enterprises" of the PRC.

Amounts denominated in Renminbi ("RMB") have been translated, for the purpose of illustration only, into Hong Kong dollars using an exchange rate of approximately HK$1.00 = RMB1.061

General

Shareholders should note that the above financial results pertain only to CR Jinhua, in which the Company has an indirect beneficial interest of approximately 51.0%. The audited results of CR Jinhua for the year ended 31st December, 2004 will be consolidated in the group accounts of the Company after adjustments in accordance with accounting principles generally accepted in Hong Kong.
By order of the Board

China Resources Enterprise, Limited Lee Yip Wah, Peter

Company Secretary

Hong Kong, 9th March, 2005
As at that date of this announcement, the executive directors of the Company are Mr. Song Lin (Chairman), Mr. Chen Shulin (Managing Director), Mr. Qiao Shibo (Deputy Managing Director), Mr. Yan Biao (Deputy Managing Director), Mr. Keung Chi Wang, Ralph (Deputy Managing Director), Mr. Lau Pak Shing, Mr. Wang Qun, Mr. Zhong Yi and Mr. Kwong Man Him. The non-executive directors are Mr. Jiang Wei and Mr. Xie Shengxi. The independent non-executive directors are Dr. Chan Po Fun, Peter, Mr. Houang Tai Ninh and Dr. Li Ka Cheung, Eric.
"Please also refer to the published version of this announcement in The Standard."

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