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SYNEAR REPORTS INTERIM NET PROFIT OF RMB94.2 MILLION (12 Aug 09)

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  • Revenue: -21.9% (2Q09), -22.8% (1H09)
  • Net Profit: -38.5% (2Q09), -48.2% (1H09)
  • Press Release: Revenue down 22.8% to RMB954.0 million
  • Gross profit margin of 26.3%
  • As at June 30, 2009, cash and bank balances of RMB1,056.1 million with zero gearing
  • Outlook: The Group expects business conditions to be very challenging in the coming year.
  • The Group is focusing its efforts on streamlining its operations and enhancing efficiency at its existing production facilities in Zhengzhou, Chengdu and Huzhou.
  • The Group has finalized the acquisition of a land for the construction of new production facilities in Zhengzhou to replace the existing production premises.
FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 518,878 435,174
2008 678,374 557,448 389,949 501,726 2,127,497
2007 719,923 543,827 357,957 595,609 2,217,316
2006 589,390 412,602 274,290 588,021 1,864,303
2005 527,253 343,827 219,154 395,956 1,486,190
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 48,256 45,904
2008 106,959 74,657 28,109 12,577 222,302
2007 193,671 155,889 62,395 63,799 475,754
2006 107,910 106,915 62,571 128,447 405,843
2005 88,629 58,527 32,061 63,636 242,853
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA NA NA
2007 NA 0.0727 NA
2006 NA 0.08 NA
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Bonus Issue / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $2.147
EPS = $0.068 (6M FY09)
No of Shares = 1,375,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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