ANNUAL REPORT 2004

	Guangzhou Shipyard International Company Limited (00317)

Cover Contents Important Notice Overview of the Company Summary of Accounting and Business Data Changes of Share Capital and Shareholders Information of Directors, Supervisors, Senior Managerment and Staff Corporate Governance Brief of General Meetings Report of the Board of Directors Report of the Supervisory Committee Significant Events Financial Reports Report of the PRC Auditor - Guangdong Yangcheng Certified Public Accountants Company Limited Balance Sheet Shareholders Equity Statement Diminution in Value Statement Profit and Loss Statement Profit and Loss Additional Statement Cash Flow Statement Value-added Tax Payable Statement Notes to the Financial Statements Report of the International Auditor - 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