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• Revenue: -72.1% (2Q09), -75.6% (1H09)
• Net Profit: NM (2Q09), NM (1H09)
• Outlook: Going forward, the Group expects continuous difficulties in attracting new distributors to launch new specialty stores and more closures from the existing specialty stores due to the increase in business risks.
• The Group will focus on growing its business relationship with existing distributors, by continuing its advertising and promotion efforts.
• In addition, it will refine its growth strategy by setting up satellite home-deco centres and co-operation with interior designers to reach new home-buyers directly.
• Beyond the PRC, the Group expects a persistent negative growth in export sales orders from Spain, the United States, Canada and South Africa due to the current global financial crisis and significant depreciation in their local currencies since the last quarter of 2008.
• The Group will continue to be prudent in managing its costs and capital expenditure in executing the plans as stated in its IPO Prospectus, and will endeavour to maintain a satisfactory level of liquidity position to meet its short-term financial obligations.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 39,762 50,153
2008 188,492 179,980 158,516 129,940 656,928
2007 136,750 135,976 142,957 148,492 564,175
2006 NA NA NA 127,127 455,617
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 2,415 (21,206)
2008 44,869 40,585 30,947 (11,372) 105,029
2007 26,132 33,905 34,382 28,518 123,314
2006 NA NA NA 19,975 75,208
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Dividends

FY Interim Final Special (RMB)
2009 NA
2008 NA NA NA
2007 NA 0.0713 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $1.08
EPS = $(0.054) (6M FY09)
No of Shares = 345,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA