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Hongguo International Holdings reports 2QFY09 Results (05 Aug 09)

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  • Revenue: +15.75% (2Q09), +19.31% (1H09)
  • Net Profit: -44.58% (2Q09), -38.69% (1H09)
  • Outlook: The PRC retail sector remains weak following the impact of the worldwide economic crisis.
  • In spite of this, the Group achieved a healthy revenue growth.
  • To sustain the revenue growth, the Group will intensify its brand building activities and enhance retail outlet performance for its ladies footwear retail business.
  • The Group will at the same time exercise caution in its retail network expansion and will also work towards improving its production efficiency and cost management.
  • The various policies and economic stimulants initiated by the PRC government relating to currency and infrastructure are gradually seeing positive effects.
  • On the back of these promising signs and coupled with a sound operational strategy, the Management is confident that the Group will again enjoy steady growth.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 273,337 217,756
2008 223,475 188,128 193,242 279,134 883,979
2007 175,521 166,054 166,954 230,550 739,079

FY 1H 2H Total
2006 272,178 322,127 594,305
2005 186,444 238,032 424,476
2004 148,753 145,718 294,471
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 22,566 15,456
2008 34,131 27,888 19,259 25,147 106,425
2007 29,409 26,797 18,203 35,754 110,163

FY 1H 2H Total
2006 46,546 44,075 90,621
2005 40,381 30,482 70,863
2004 29,396 23,564 52,960
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Dividends

FY Interim Final Special (USD)
2009 NA
2008 NA NA NA
2007 NA 0.0097 NA
2006 NA 0.0073 NA
2005 NA NA NA
2004 NA 0.0042 NA

2003 NA 0.0032 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $1.55
EPS = $0.0958 (6M FY09)
No of Shares = 396,868,200
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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