GUANGZHOU PHAR<00874> - Results Announcement

Guangzhou Pharmaceutical Company Limited announced on  21/3/2003:
(stock code: 00874 )
Year end date: 31/12/2002
Currency: RMB
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2002      from 1/1/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 5,943,823          5,334,029         
Profit/(Loss) from Operations      : 248,289            245,110           
Finance cost                       : (28,804)           (29,726)          
Share of Profit/(Loss) of 
  Associates                       : 310                509               
Share of Profit/(Loss) of
  Jointly Controlled Entities      : (23,435)           (9,906)           
Profit/(Loss) after Tax & MI       : 94,561             95,868            
% Change over Last Period          : -1.36     %
EPS/(LPS)-Basic (in dollars)       : 0.117              0.119             
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 94,561             95,868            
Final Dividend                     : RMB0.06            RMB0.06           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 17/4/2003          to 16/5/2003 bdi.
Payable Date                       : 30/5/2003 
B/C Dates for Annual         
  General Meeting                  : 17/4/2003          to 16/5/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A