YU MING INV<00666> - Results Announcement

Yu Ming Investments Limited announced on 03/09/2003:
(stock code: 00666 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: N/A
Review of Interim Report by: Both Audit Committee and Auditors

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/01/2003    from 01/01/2002
                                     to 30/06/2003      to 30/06/2002 
                               Note  ($         )       ($         )
Turnover                           : 4,086,403          9,155,631         
Profit/(Loss) from Operations      : 69,788,660         (3,726,337)       
Finance cost                       : (38,843)           (351,566)         
Share of Profit/(Loss) of 
  Associates                       : 5,100,195          7,887,130         
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 74,850,012         3,837,321         
% Change over Last Period          : +1,851    %
EPS/(LPS)-Basic (in dollars)       : 0.0443             0.0023            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 74,850,012         3,837,321         
Interim Dividend                   : NIL                2 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Interim Dividend                 : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:


(1)     Hong Kong profits tax has been provided at the rate of 17.50% on 
the estimated assessable profits for the period (2002 : 16%)

(2)     The calculation of basic earnings per share is based on the 
Group's profit attributable to shareholders of HK$74,850,012 (2002 : 
HK$3,837,321) and the number of ordinary shares in issue during the period 
amounting to 1,691,171,989 (2002 : 1,691,171,989).

        For the period ended 30th June, 2002, the diluted earnings per 
share was not disclosed as the exercise of the share options outstanding 
would have no dilutive effect.

        For the period ended 30th June, 2003, there was no diluting effect 
on earnings per share as the share options expired in May 2003.