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China Powerplus reports 1HFY09 Results (14 Aug 09)
- Revenue: +8% (2Q09), +12% (1H09)
- Net Profit: NM (2Q09), NM (1H09)
- Outlook: As a result of the 2009 strategy of reducing selling prices to retain and increase market share, the Company has consequently experienced high sales orders which had resulted in the increase in revenue.
- Barring unforeseen circumstances, the sacrifice of short-term profitability for long-term growth and survival has enabled the Company to position itself to reap the benefits when the economy eventually recovers.
- Notwithstanding the above, the global economic crisis continues to have a lingering effect on its customers who continue to adopt a cautious approach.
- The Group will continue to reinforce its close relationship with its customers, albeit adopting a prudent stance in its business dealings as well as its impairment assessments on its assets and investments.
FINANCIAL RECORDS
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 105,421 108,529
2008 90,781 100,261 89,490 43,792 324,324
2007 95,283 106,945 95,485 90,746 388,459
2006 80,795 80,079 78,779 82,515 322,168
2005 66,080 68,977 72,701 83,136 290,894
2004 65,055 72,505 87,861 69,915 295,597
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Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 (23,730) (25,642)
2008 18,486 12,039 2,092 3,785 36,402
2007 21,312 18,538 16,142 16,914 72,726
2006 19,169 16,134 13,512 14,721 63,536
2005 16,379 18,328 17,999 19,011 71,717
2004 18,086 20,381 25,653 18,243 82,363
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Dividends
FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA NA 0.0025
2006 NA NA NA
2005 NA 0.0025 NA
2004 NA 0.00125 NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (RMB)
NAV = $1.05
EPS = $(0.116) (6M FY09)
No of Shares = 424,800,000
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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