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• Revenue: -44.8% (2Q09), -41.6% (1H09)
• Net Profit: -78.6% (2Q09), -77.3% (1H09)
• Press Release: Turnover for 1H09 decreased by 41.6% to RMB205.6 million due to decline in sales from both conventional and high performance stamping machines and revision of selling prices
• Gross profit margin declined to 24.9%, as a reflection of downward adjustment of selling prices and increase in overhead costs
• Net profit attributable to equity holders reported at RMB17.9 million
• Outlook: The Group has observed iron prices - a major component of its production costs - to be on an uptrend.
• The Group anticipates that the decreasing demand for its stamping products, coupled with rising costs of production attributable primarily to the rising price of iron will result in an erosion of its profit margins and its profits.
• As the Group has no visibility on whether the economic downturn and rise in iron prices will persist and are unable to ascertain the extent to which such initiative will be of positive impact to its performance, the Group makes no assurance that it will be able to better or maintain its performance of the previous year.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 89,378 116,214
2008 141,456 210,375 163,194 127,594 642,619
2007 104,375 149,121 167,098 145,766 566,360
2006 78,433 114,347 129,473 127,092 449,344
2005 55,029 88,983 82,760 94,594 321,366
2004 NA NA NA NA 259,383
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 7,945 9,946
2008 32,291 46,580 34,653 18,385 131,891
2007 22,154 30,414 42,782 49,513 144,254
2006 15,882 24,184 40,124 35,604 115,793
2005 8,263 27,953 22,646 37,417 96,279
2004 NA NA NA NA 74,552
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA NA NA
2007 NA NA NA
2006 NA 0.087 NA
2005 NA 0.096 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.80
EPS = $0.04 (6M FY09)
No of Shares = 400,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA