TABLE-China Shipping Q1 net profit rises 60 pct

April 23 (Reuters) - Three months ended March 31, 2008

(in million yuan unless stated)

Shr (yuan) 0.4934

Net 1,679.89

Company name China Shipping Development Co. Ltd.

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.

All financial information set out in the first quarterly
report is unaudited and prepared in accordance with the PRC
Accounting Standards.
(Reporting by Raymond Leung in Hong Kong)