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China Energy reports 2Q FY09 Results (14 Aug 09)
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ChinaEnergy
Revenue: -32.0% (2Q09), -3.7% (1H09)Net Profit: NM (2Q09), NM (1H09)Outlook: The Group expects the long term prospect for DME to remain promising on the back of new policies by the PRC government to widen industry application for clean alternative energy in the automobile industry. Despite the short-term challenges, the prospects for DME remain promising in line with the rising demand for clean alternative energy sources in the PRC over the medium to long term.
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 336,339 238,283
2008 245,904 350,535 351,203 296,492 1,244,134
2007 192,091 199,465 231,691 341,577 964,824
2006 125,986 176,271 169,125 208,742 680,124
2005 NA NA NA NA 322,303
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 (55,591) (56,284)
2008 65,540 74,014 10,108 (109,286) 40,376
2007 50,405 60,033 64,737 89,795 264,970
2006 37,321 47,260 51,392 55,566 191,539
2005 NA NA NA NA 27,262
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Dividends
FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (RMB)
NAV = $1.304
EPS = $(0.089) (6M FY09)
No of Shares = 1,252,885,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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