TABLE-China Shipping year net profit rises 65 pct

March 26 (Reuters) - Year ended Dec. 31, 2007

(in million yuan unless stated)

Shr (yuan) 1.3669 vs 0.8294

Final Div (yuan) 0.50 vs 0.30

Net 4,546.38 vs 2,758.48

Revenue 12,394.74 vs 9,203.56

Company name China Shipping Development Co Ltd

Books close to be announced

Dividend payable to be announced

NOTE - China Shipping Development (1138.HK: Quote, Profile, Research, Stock Buzz) (600026.SS: Quote, Profile, Research, Stock Buzz) is
principally engaged in investment holding, the shipment of oil
and cargoes along the PRC coast, international container and
cargo shipment.

The calculation of share earnings is based on the weighted
average of 3,365.51 million shares in issue during the year vs
3,326.00 million shares in issue during the last year.

Total dividend for the year is 0.50 yuan vs 0.3 yuan.

The consensus (mean) forecast, according to a poll by
Reuters, was for net profit of 5.7 billion yuan for the year.
(Reporting by Raymond Leung in Hong Kong; Editing by Edmund
Klamann)