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Changtian reports 2Q FY09 Results (11 Aug 09)

Labels:

  • Revenue: -56.3% (2Q09), -54.8% (1H09)
  • Net Profit: -78.7% (2Q09), -79.4% (1H09)
  • Outlook: The global financial crisis has affected demand for the Group's products and led to pricing pressure.
  • However, the Group is of the view that the overall market demand for its products may have bottomed out.
  • The PRC government’s economic stimulus measures have generated positive effects on domestic consumption.
  • Barring any unforeseen circumstances, the Group expects its overall operating environment to improve in the foreseeable future from the past nine months.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 76,427 78,292
2008 163,672 178,982 181,654 103,687 627,995
2007 151,297 150,948 159,127 171,864 633,236
2006 NA NA NA 163,262 540,013
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 11,408 12,515
2008 57,151 58,772 52,684 22,683 191,290
2007 43,901 50,883 53,345 31,874 180,003
2006 NA NA NA 47,677 148,942
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Dividends

FY Interim Final Special (RMB)

2009 NA
2008 NA 0.058 NA
2007 NA 0.055 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $1.286
EPS = $0.0362 (6M FY09)
No of Shares = 660,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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