SHUN CHEONG<0650> - Results Announcement

Shun Cheong Holdings Limited announced on 19/7/2000:
(stock code: 650)
Year end date: 31/3/2000
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/1999    from 1/4/1998
                                           to 31/3/2000     to 31/3/1999
        
Turnover
    - Continuing                         : 699,967,000      602,346,000
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : 41,114,000       25,715,000
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : 41,114,000       25,715,000
Share of Profit/(Loss) of
  Associated Companies                   : (158,000)        4,000
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 32,028,000       18,025,000
% Change over Last Period                : +77.69%
EPS/(LPS)-Basic                          : 9.63 cents       5.55 cents
         -Diluted                        : 9.54 cents       N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 32,028,000       18,025,000
Final Dividend per Share                 : 1.75 cents       1.5 cents
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : 6/9/2000 to 11/9/2000 bdi.
Payable Date                             : on or before 29/9/2000
B/C Dates for Annua General Meeting      : 6/9/2000 to 11/9/2000 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1) Earnings per share

The calculation of the basic and diluted earnings per share for the year 
ended 31 March 2000 is based on the following data:

                                                 Year ended
                                                  31 March,
                                           2000             1999
                                           HK$'000          HK$'000
Earnings
Earnings for the purposes of
  basic and diluted earnings per share     32,028           18,025
                                           =======          =======
Number of share
Weighted average number of ordinary
  shares for the purposes of basic
  earnings per share                       332,445,350      325,041,600
Effect of dilutive potential ordinary
  shares:
        Share options                      3,384,281        -
                                         --------------------------------
Weighted average number of
  ordinary shares for the purposes of
  diluted earnings per share               335,829,631      325,041,600
                                           ==========       ==========

2) Comparative Figures

The Group has adopted the following Statement of Standard of Accounting
Practice ("SSAP") issued by the Hong Kong Society of Accountants which 
became effective in the year.

SSAP 1 (Revised)  Presentation of Financial Statements

SSAP 1 (Revised) is concerned with the presentation of financial 
information.  The presentation statements in the current year have been 
modified in order to conform with the requirements of this standard.  
Comparative figures have been restated to achieve a consistent 
presentation.  None of the amendments had affected the results in the 
current or prior years.