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• Revenue: +4.8% (4Q09), -13.4% (FY09)
• Net Profit: NM (4Q09), -96.4% (FY09)
• Press Release: Decreased unit selling price due to decreased purchasing power and intense competition
• Enjoyed 50% tax reduction instead of full tax exemption
• Continue to heighten internal control and leverage on vertically integrated capabilities
• Continue to increase R&D efforts and focus on higher margin and value-added bed linen sets
• A final dividend of RMB0.015 per ordinary share is proposed.
• Outlook: Amidst the challenging operating environment and in view of the increase in raw material prices, the Group will continue to control costs by strengthening its internal controls and leveraging on its vertically integrated capability.
• The Group will continue to shift its product mix towards higher priced premium products, in particular, to increase the production volume and variety of its premium bed linen sets to meet market demands.
• More fabrics will be incorporated in its premium bed linen sets for sale, and further emphasis will be placed on R&D to improve product quality.
• The Group is increasing efforts to establish its own brand name.
• It will continue to seek more internationally reputable customers, while at the same time, strive to expand into the domestic market to capture the domestic demand brought about by the stimulation policies.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 130,822 120,806 117,344 165,170 534,142
2008 138,022 165,248 156,181 157,590 617,041
2007 115,404 147,140 133,071 133,514 529,129
2006 NA NA NA 108,355 430,614
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 11,601 2,263 1,062 (11,516) 3,410
2008 17,578 34,169 28,890 13,066 93,703
2007 14,109 21,676 28,408 24,045 88,238
2006 NA NA NA 12,849 54,943
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Dividends

FY Interim Final Special (RMB)
2009 NA 0.015 NA
2008 NA 0.030 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.52
EPS = $0.0127 (12M FY09)
No of Shares = 268,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA