China Enterprises Limited - Financial Highlights
Consolidated Statements of Operations :
			For the half year ended June 30,
			2001		�@	2002	�@
		Notes	Rmb'000		Rmb'000		US$'000   (2)
			(unaudited)		(unaudited)		(unaudited)
			(As restated,
			See Note 1)
Revenues			1,363,116		1,460,804		176,426
Cost of revenues			(1,186,354)		(1,263,712)		(152,622)
	Gross Profit		176,762		197,092		23,804
Selling, general and administrative expenses			(158,645)		(114,881)		(13,875)
Impairment loss on long-lived assets			-		(174,384)		(21,061)
	Operating income (loss)	(4)	18,117		(92,173)		(11,132)
Interest expenses, net			(20,771)		(16,925)		(2,044)
Other income			3,060		183		22
Change in derivative fair value			-		37,125		4,484
Equity in earnings (losses) of affiliates			2,517		(2,396)		(290)
	Income (Loss) from continuing operations before
	income taxes and minority interests		2,923		(74,186)		(8,960)
Provision for income taxes			(7,125)		(10,120)		(1,222)
Minority interests			2,743		57,319		6,923
	Loss from continuing operations		(1,459)		(26,987)		(3,259)
(Loss) Income from discontinued operations		(1)	(16,566)		3,929		475
	Net loss and total comprehensive loss		(18,025)		(23,058)		(2,784)
Basic and diluted net (loss) income per share (in Rmb/US$)		(3)
	- Continuing operations		(0.16)		(2.99)		(0.36)
	- Discontinued operations		(1.84)		0.44		0.05
Net loss			(2.00)		(2.55)		(0.31)
Consolidated Balance Sheets Data :
			As at December 31,			As at June 30,
			2001		�@	2002	�@
			Rmb'000		Rmb'000		US$'000   (2)
			(audited)		(unaudited)		(unaudited)
Working Capital			346,678		101,407		12,248
Property, plant and equipment, net			924,678		728,238		87,951
Total assets			2,978,965		3,208,191		387,463
Current liabilities			1,558,660		1,891,368		228,426
Non-current portion of long-term loans			37,979		58,819		7,104
Due to Chinese joint venture partners			30,807		34,278		4,140
Loan from related companies			24,498		9,307		1,124
Minority interests			522,824		445,614		53,818
Shareholders' equity			804,197		768,805		92,851