SHUN CHEONG<0650> - Results Announcement

Shun Cheong Holdings Limited announced on 14/12/2000:
(stock code: 650)
Year end date: 31/3/2001
Currency: HKD                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 1/4/1999
                                           to 30/9/2000     to 30/9/1999

Turnover                                 : 350,709,000      273,822,000
Profit/(Loss) from Operations            : 12,171,000       18,082,000
Finance cost                             : (2,193,000)      (2,003,000)
Share of Profit/(Loss) of Associates     : (1,000)          (4,000)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 5,893,000        13,541,000
% Change over Last Period                : -56.48%
EPS/(LPS)-Basic                          : 1.52 cents       4.14 cents
         -Diluted                        : 1.52 cents       4.11 cents
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 5,893,000        13,541,000
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 

Remarks:

(1) Profit after taxation and MI is determined after charging the 
following item:
                                                   Six months ended
                                                   30th September
                                                2000            1999
                                                HK$'000         HK$'000
Provision for impairment in value of an
  investment                                    11,171          -
                                                ========================
(2) Earnings per share

The calculation of the basic and diluted earnings per share for the six 
months ended 30th September 2000 is based on the following data:

                                                 Six months ended
                                                   30th September
                                                2000            1999
                                                HK$'000         HK$'000
Earnings
Earnings for the purposes of basic and diluted
  earnings per share                            5,893           13,541
                                                ======================
Number of share
Weighted average number of ordinary shares for
  the purposes of basic earnings per share      387,371,600    326,798,267
Effect of dilutive potential ordinary shares:
  Share options                                 97,012          2,784,490
                                                --------------------------
Weighted average number of ordinary shares for 
  the purposes of diluted earnings per share    387,468,612    329,985,757
                                                ==========================

(3) Comparative figures

Certain of the 1999 comparative figures have been reclassified to conform 
to the current period's presentation as a result of changes in the 
reporting requirements in accordance with Statements of Standard 
Accounting Practice Number 1 "Presentation of financial statements" issued 
by the Hong Kong Society of Accountants.