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• Revenue: -44.3% (2Q09), -51.4% (1H09)
• Net Profit: NM (2Q09), NM (1H09)
• Outlook: In the coming 12 months, the Group believes that the impact of a slowdown in the Chinese consumer market will continue to weigh heavily on its performance.
• Weaknesses in both domestic and overseas demand for the Group’s products, coupled with downward pressures on selling prices will continue in the near term.
• Nonetheless, the Group will continue to exercise stringent control over all cost items, both direct and indirect.
• In terms of production cost, the cost of soybean is expected to stabilise amidst a slower pace of economic growth in the PRC.
• In terms of operating expenditure, the Group will ensure that non-essential expenditure are kept to a minimum whilst sales and distribution expenses are kept in tandem with revenue performance.
• In the long term, the Group believes the underlying strengths of the Chinese consumer market will be beneficial to its business as consumers will place more emphasis on healthy lifestyle and health-promoting products, with a rise in living standards.
• Soybean is well-recognised for a variety of health-promoting properties and will continue to be a staple part of the Chinese diet.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 190,168 198,407
2008 442,403 356,409 415,755 224,656 1,439,223
2007 405,408 393,307 365,121 455,746 1,619,582
2006 223,677 366,268 475,754 512,016 1,577,715
2005 171,678 197,606 203,193 224,558 797,035
2004 92,004 112,313 149,369 174,176 527,862
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 (22,613) (14,581)
2008 70,159 53,327 51,950 7,356 182,792
2007 146,468 143,793 92,961 52,242 435,464
2006 68,071 111,796 155,882 202,299 538,048
2005 48,245 59,624 60,597 66,158 234,624
2004 23,128 28,883 40,280 44,566 136,857
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA NA NA
2007 0.019 0.009 NA
2006 0.09 0.036 NA
2005 NA 0.195 NA
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Bonus Issue / Stock Split

Date Type Details
2006-10-26 Stock Split STOCK SPLIT OFFER OF 5 FOR 1
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Share Data (RMB)

NAV = $0.599
EPS = $(0.012) (6M FY09)
No of Shares = 3,000,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA