YU MING INV<00666> - Results Announcement

Yu Ming Investments Limited announced on  27/3/2003:
(stock code: 00666 )
Year end date: 31/12/2002
Currency: HKD
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  ($         )       ($         )
Turnover                           : 16,855,333         18,482,238        
Profit/(Loss) from Operations      : 5,304,771          (64,447,621)      
Finance cost                       : (380,558)          (663,142)         
Share of Profit/(Loss) of 
  Associates                       : 14,110,168         (12,971,689)      
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 18,379,605         (86,642,737)      
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0109             (0.0512)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 18,379,605         (86,642,737)      
Final Dividend                     : 2 cents            2 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : 19/05/2003         to 23/05/2003bdi.
Payable Date                       : 30/05/2003
B/C Dates for Annual         
  General Meeting                  : 19/05/2003         to 23/05/2003bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                                       
1.      Revenue recognition

Dividend income is recognized when the right to receive payment is 
established.  Interest income is recognized on a time proportion basis, 
taking into account the principal amounts outstanding and the interest 
rates applicable.  Interest from debt securities is recognized on a time 
proportion basis.

2.      Earnings/(loss) per share

The calculation of basic and diluted earnings/(loss) per share are based 
on the Group's profit attributable to shareholders of HK$18,379,605 (2001: 
loss of HK$86,642,737).

The basic earnings/(loss) per share is based on the number of ordinary 
shares in issue during the year amounting to 1,691,171,989 (2001: 
1,691,171,989).  The diluted earnings/(loss) per share during the years 
ended 31st December, 2002 and 31st December, 2001 are not disclosed as the 
exercise of the share options outstanding at 31st December, 2002 and 31st 
December, 2001 would have no dilutive effect.