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• Revenue: -61.2% (2Q09), -53.1% (1H09)
• Net Profit: -88.8% (2Q09), -91.5% (1H09)
• Press Release: For 2Q09, net profit recorded was RMB38.0 million
• Continuously gaining market share with larger customer base
• Experiencing more stability in average selling prices of nylon products
• Outlook: Recently, certain signs of a recovery in the PRC textile and garment industry started to emerge.
• The Group notice a gradual stablisation in order volume and ASPs of nylon yarn products as well as its core raw materials while the macro operating environment continues to improve.
• However, the Group remains cautious as the timing and scale of such a recovery are still uncertain and gross margins of its nylon yarn products remain depressed.
• Notwithstanding the uncertainty, the Group believes its expansion in Liheng Phase III will lay a strong foundation for its long term, sustainable growth.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 472,531 453,282
2008 803,712 1,168,372 1,024,757 704,013 3,700,854
2007 721,320 722,816 666,715 647,230 2,758,071
2006 NA NA NA NA 1,696,606
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 10,187 37,975
2008 224,088 340,413 258,713 (8,720) 814,494
2007 234,705 238,904 217,092 214,352 905,053
2006 NA NA NA NA 477,828
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Dividends

FY Interim Final Special (SGD)
2009 NA
2008 0.015 0.010 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $2.00
EPS = $0.0283 (6M FY09)
No of Shares = 1,700,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA