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• Revenue: -40.9% (2Q09), -57.4% (1H09)
• Net Profit: -99.5% (2Q09), -99.6% (1H09)
• Outlook: The prices of the Group's raw materials, mainly steel, have experienced wide swings over the last one year.
• The management is continuing with its efforts to negotiate with its customers to keep selling prices of its products at a level that is profitable to the Company.
• However, if the Group is compelled to reduce the selling prices of its products due to the decrease in steel prices, its gross profit margins will be affected.
• For the upcoming two quarters, the Group does not expect any increase in sales volume that had occurred in previous years.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 29,230 35,078
2008 91,658 59,388 39,660 34,881 225,587
2007 84,642 55,350 44,750 82,233 267,975
2006 84,781 48,152 41,998 61,748 236,679
2005 NA NA NA NA 202,902
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 44 46
2008 11,605 8,658 948 (8,377) 12,834
2007 28,679 14,452 1,867 7,627 52,625
2006 22,947 11,935 13,101 17,194 65,177
2005 NA NA NA NA 40,818
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA NA NA
2007 0.061 NA NA
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Bonus Issue / Stock Split

NA
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Share Data (RMB)

NAV = $0.913
EPS = $0.0004 (6M FY09)
No of Shares = 230,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA