YU MING INV<00666> - Results Announcement

Yu Ming Investments Limited announced on  15/3/2004:
(stock code: 00666 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ($         )       ($         )
Turnover                           : 7,679,583          16,855,333        
Profit/(Loss) from Operations      : 135,498,209        5,304,771         
Finance cost                       : (888,038)          (380,558)         
Share of Profit/(Loss) of 
  Associates                       : 3,992,343          14,110,168        
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : 143,401,200        18,379,605        
% Change over Last Period          : +680.22   %
EPS/(LPS)-Basic (in dollars)       : 0.0848             0.0109            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 143,401,200        18,379,605        
Final Dividend                     : NIL                2 cents           
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : N/A          
Payable Date                       : N/A       
B/C Dates for Annual         
  General Meeting                  : 17/5/2004          to 21/5/2004 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

Earnings per share

The calculation of basic and diluted earnings per share are based on the 
Group's profit attributable to shareholders of HK$143,401,200 (2002: 
HK$18,379,605) and the number of ordinary shares in issue during the year 
amounting to 1,691,171,989 (2002 : 1,691,171,989).

For the year ended 31st December, 2002, the diluted earnings per share was 
not disclosed as the exercise of the share options outstanding would have 
no dilutive effect.

For the year ended 31st December, 2003, there was no diluting effect on 
earnings per share as the share options expired in May, 2003.