SHUN CHEONG<0650> - Results Announcement

Shun Cheong Holdings Limited announced on 7/12/1999:
(stock code: 650)
Year end date: 31/3/2000
Currency: HK$
                                                            Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 30/9/1999     to 30/9/1998

Turnover                                 : 273,822,000      237,555,000
Profit-Continuing Operations
    - Operating Profit/(Loss)            : 16,079,000       11,557,000
    - Exceptional Items                  : -                -
    - Discontinued Operations            : -                -
Total Operating Profit/(Loss)            : 16,079,000       11,557,000
Share of (Loss) of Associated Companies  : (4,000)          (4,000)
Profit/(Loss) after Tax & MI             : 13,541,000       10,320,000
% Change over Last Period                : +31.21%
EPS/(LPS)-Basic                          : 4.14 cents       3.17 cents
         -Diluted                        : 4.11 cents       N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 13,541,000       10,320,000
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim 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              

Remark:

Earnings per Share

The calculation of the basic and diluted earnings per share for the six 
months ended 30th September 1999 is based on the following data:

                                                  Six months ended
                                                   30th September,
                                                 1999           1998
                                                HK$'000        HK$'000
Earnings for the purposes of
 basic and diluted earnings per share           13,541         10,320
                                                ======         ======

Number of Share
Weighted average number of ordinary shares
 for the purposes of basic earnings per share 326,798,267    325,041,600

Effect of dilutive potential ordinary shares:
 Share options                                  2,784,490          -
                                             ------------   --------------
Weighted average number of ordinary shares
 for the purposes of diluted earnings per 
 share                                        329,582,757    325,041,600
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