Annual Report 2003

	Guangzhou Shipyard International Company Limited (00317)

Cover Contents Important Notice Overview of the Company Summary of Accounting and Business Data Changes of Share Capital Information and Shareholders Information of Directors, Supervisors, Senior Managers and Staff Company governance Brief of 2002 Annual General Meeting Report of the Board of Directors Report of the Supervisory Committee Significant Events Financial Reports Report of the PRC Auditors Guangzhou Yangcheng Certified Public Accountants Co., Ltd. Balance Sheets Diminution in Value Statement Profit and Loss Statement Cash Flow Statement Notes to the Financial Statements Report of the International Auditors PricewaterhouseCoopers Consolidated Profit and Loss Account Balance Sheets Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Notes to the Accounts Documents Available for Inspection Notice of 2003 Annual General Meeting