<ARTICLE> 5
<MULTIPLIER> 1,000
<CURRENCY> RENMINBI
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               JUN-30-1995
<EXCHANGE-RATE>                                 .12048
<CASH>                                          46,251
<SECURITIES>                                         0
<RECEIVABLES>                                  514,245
<ALLOWANCES>                                         0
<INVENTORY>                                    282,237
<CURRENT-ASSETS>                             1,003,302
<PP&E>                                         493,798
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                               1,539,161
<CURRENT-LIABILITIES>                          680,214
<BONDS>                                        200,395
<COMMON>                                            99
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     44,533
<OTHER-SE>                                     243,588
<TOTAL-LIABILITY-AND-EQUITY>                 1,539,161
<SALES>                                        434,833
<TOTAL-REVENUES>                               434,833
<CGS>                                          265,683
<TOTAL-COSTS>                                  265,683
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              23,589
<INCOME-PRETAX>                                 94,516
<INCOME-TAX>                                    14,499
<INCOME-CONTINUING>                             80,017
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    40,110
<EPS-PRIMARY>                                     2.62
<EPS-DILUTED>                                     2.62