Interim Results

RNS Number:5658O
Zhejiang Southeast Elec Power Co Ld
12 August 2003

               Zhejiang Southeast Electric Power Company Limited

Interim Results 2003



I. Particulars of the Company
Abbreviation of Shares               ZSEPC B shares                     Zhejiang GDRs
Code of Shares                       900949                             0949QLT
Listing Place                        Shanghai Stock Exchange            London Stock Exchange
Secretary to Board of Directors      Xia Jinghan
Contact Address                      Biao Li Tower, 528 Yan'an Road, Hangzhou
Telephone No.                        0571-85774566
Fax No.                              0571-85774321
E-mail Address                       [e-mail]



II. Main Accounting Data and Financial Indicators

Unit: RMB yuan
                                           30 June 2003           31 Dec. 2002       Increase/decrease
                                                                                            (%)
Total Assets                                 8,845,688,847.99      8,602,419,267.42                 2.83
Shareholders' Equity (excluding              5,740,924,745.75      5,386,781,727.00                 6.57
minority shareholders' equity)
Net Asset Value per Share                                2.86                  2.68                 6.72
                                          Jan.-June 2003         Jan.-June 2002      Increase/decrease

                                                                                            (%)
Net Profit                                     354,143,018.75        296,993,882.25                19.24
Earnings per Share                                      0.176                 0.148                18.92
Yield on Net Assets                                      6.17                  5.24                17.75



III. Statement of Profit (Consolidated vs. Company) (Unaudited)

                              Statement of Profit

Prepared by: ZSEPC                     January-June 2003
Unit: RMB yuan
      Item                          January-June 2003                                  January-June 2002
                           Company                  Consolidated                Company              Consolidated
1. Income from              1,678,644,959.84           2,006,210,874.42        1,593,850,915.17        1,593,850,915.17
principal
operating
activities
Less: Principal             1,087,106,829.83           1,323,179,148.26        1,039,563,215.61        1,039,563,215.61
operating costs
                               18,784,658.51              23,137,302.91           21,860,003.34           21,860,003.34
Principal
operating tax and
surtax
2. Profit from                572,753,471.50             659,894,423.25          532,427,696.22          532,427,696.22
principal
operating
activities (loss
indicated by "-")
                                  461,422.94                 461,422.94              279,486.92              279,486.92
    Add: Profit
    from other
    activities

    (loss
    indicated by
    "-")

Less: Operating
expenses
                               80,614,309.17              92,181,123.95           47,433,615.08           47,433,615.08
Administrative
expenses
                               10,236,261.36              28,017,963.74           21,335,945.65           21,335,945.65
Financial
expenses
3.Operating                   482,364,323.91             540,156,758.50          463,937,622.41          463,937,622.41
profit (loss
indicated by "-")
Add: Return on                 29,878,678.78                                       3,430,224.97            1,049,261.16
investment

(loss indicated
by "-")
Subsidy income
Non-operating                     852,246.95                 852,246.95              368,263.56              368,263.56
income
Less:                           7,025,014.78               7,359,785.14           19,869,124.91           19,869,124.91
Non-operating
expenses
4.Gross profit                506,070,234.86             533,649,220.31          447,866,986.03          445,486,022.22
(loss indicated
by "-")
Less: Income tax              151,927,216.11             166,953,796.30          148,492,139.97          148,492,139.97
                                                          12,552,405.26
    Less:
    Minority
    shareholders'
    gains and
    losses

5.Net profit                  354,143,018.75             354,143,018.75          299,374,846.06          296,993,882.25
(loss indicated
by "-")



                             Board of Directors of

                Zhejiang Southeast Electric Power Company Limit

                                12th August 2003


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