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• Revenue: -44.27% (2Q09), -50.53% (1H09)
• Net Profit: -89.97% (2Q09), -89.33% (1H09)
• Outlook: The external demand for zipper and zipper products continued to remain weak as a result of the economic downturn since mid-2008.
• Competition is more intense within the local zipper market as some of the Group’s competitors focused on the local market, with lower demand from the foreign market.
• The raw materials prices for zipper products have remained relatively stable since the last quarter and are unlikely to be as volatile as in the previous year.
• The Group will enhance its brand name and develop the appropriate sales strategies to retain its current market share and remain competitive. It will also explore further business opportunities to acquire those businesses within the supply chain of the zipper products.
• With the Group’s good reputation in the industry and its well vertically integrated manufacturing operation, the Group believes it has the competitive advantage to meet new challenges ahead when the economic situation improves.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 80,417 120,919
2008 189,982 216,984 208,371 214,079 829,416
2007 195,144 234,147 232,611 222,046 883,948
2006 NA NA 188,071 NA 716,412
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 5,589 4,871
2008 49,520 48,546 26,860 11,542 136,476
2007 30,255 88,544 48,072 30,152 197,023
2006 NA NA 33,553 NA 155,609
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 0.02 0.01 NA
2007 NA 0.05 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.33
EPS = $0.01 (6M FY09)
No of Shares = 791,876,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA