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Strategies & Market Trends : CHRB, going above $5.

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To: CJ Mark who wrote ()5/20/1997 8:49:00 AM
From: Nitesh P. Patel   of 145
 
Fixed font table....
CJ I reposted the numbers in a fixed format so that we can look at
it better....

CHINA RESOURCES DEVELOPMENT, INC., AND SUBSIDIARIES
Condensed Consolidated Income Statement
(Amounts in thousands, except share and per share data)

Three Months Ended
March 31,

1997 1996 1997
RMB RMB US$(a)
(unaudited)

Sales 109,398 255,120 13,181

Cost of sales (101,118) (241,021) (12,183)

Gross profit 8,280 14,099 998

Depreciation of fixed assets (334) (595) (40)

Selling and administrative expenses (7,459) (9,986) (899)

Operating income 487 3,518 59

Financial income (expenses), net 647 (5,189) 78

Other income 8,810 9,338 1,061

Income before income taxes 9,944 7,667 1,198

Income taxes (2,126) (1,991) (256)

Net income before minority interests 7,818 5,676 942

Minority interests (4,437) (3,180) (535)

Net income 3,381 2,496 407

Earnings per share(b) 0.60 1.73 0.07

Weighted average number of
common and common stock
equivalent shares outstanding(b) 5,673,186 1,439,683 5,673,186
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