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• Revenue: -29.3% (2Q09), -25.2% (1H09)
• Net Profit: -91.3% (2Q09), -85.6% (1H09)
• Outlook: Although general economic conditions have picked up recently, the Group still expects the business environment in the coming quarters to be challenging.
• The Group will continue to stay competitive and reduce costs through better inventory management, purchase of raw materials as well as better management of its working capital and leasing the Group’s unused assets.
• The Group current debt equity as at 30 June 2009 is about 0.41.
• The Group is exploring to raise funds in the capital markets to reduce its debts with the view to reduce interest expenses.
• Barring unforeseen circumstances, the Group expects to improve its operational performance in the next quarter.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 43,549 58,799
2008 54,751 83,109 75,646 67,340 280,846
2007 47,394 76,217 68,488 68,781 260,880
2006 NA NA NA NA 236,677
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 1,753 1,667
2008 4,718 19,110 12,015 1,789 37,633
2007 6,313 23,129 13,463 10,881 53,786
2006 NA NA 11,610 NA 47,984
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 NA NA NA
2007 NA 0.004 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $0.709
EPS = $0.009 (6M FY09)
No of Shares = 402,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA