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• The revenue of the Group was RMB 257.0 million for the first half of 2008, a decrease of RMB 71.1 million or 21.7% as compared to the corresponding period last year.
• The gross profit of the Group decreased from RMB 61.2 million in 1H 2007 to RMB 36.7 million in 1H 2008, a decrease of 40.0%.
• The gross profit margin dropped from 18.7 percentage point 1H 2007 to 14.3 percentage point in 1H 2008, a decrease of 4.4 percentage point.
• Profit before tax of the Group decreased by 83.9% to RMB 6.3 million in 1H 2008 as compared to the same period last year.
• The profit after tax of the Group in 1H 2008 was RMB 4.9 million, 85.5% lower than the corresponding period last year.
• The Group will continue to focus on high value-added textile products.
• Barring unforeseen circumstances, the Company will continue to be profitable.

FINANCIAL RECORDS

Revenue (RMB '000)

Yr 1Q 2Q 3Q 4Q Total
2008 135,807 121,206
2007 123,533 204,608 279,023 189,298 796,462
2006 106,115 145,664 185,218 173,329 610,326
2005 75,132 163,174 199,854 182,253 620,413
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Earnings (RMB '000)

Yr 1Q 2Q 3Q 4Q Total
2008 3,646 1,293
2007 11,372 22,662 35,000 17,644 86,678
2006 9,217 20,004 23,610 23,044 75,875
2005 4,486 18,217 28,775 18,869 70,347
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Dividends

FY Interim Final Special (SGD)
2008 NA
2007 0.01 NA NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.20
EPS = $0.013 (6M FY08)
No of Shares = 384,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA