Choose Your Stocks
China Taisan’s posted 1H09 net profit of RMB37.5 million amidst industry downturn (14 Aug 09)
- Revenue: -52.0% (2Q09), -41.9% (1H09)
- Net Profit: -94.9% (2Q09), -72.2% (1H09)
- Press Release: Remains focused on fortifying market position as one of the leading producers of performance fabrics in China
- Strong net cash position of RMB290.3 million which enables Group to capitalize on any potential business opportunity going forward
- Outlook: The Group is cautious about the outlook as the next quarter is expected to remain uncertain mainly due to seasonal transition between product types.
- On a positive note, the Group has started to receive enquiries for new product prototypes and business conditions are expected to improve in the final quarter of this year.
- Barring any unforeseen circumstances, the Group cautiously expects to remain profitable for the financial year ending 31 December 2009.
FINANCIAL RECORDS
Revenue (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 200,276 151,721
2008 290,021 316,140 244,059 329,923 1,180,143
2007 115,550 200,029 194,260 301,029 810,868
-----------------------------------------------------------
Earnings (RMB '000)
FY 1Q 2Q 3Q 4Q Total
2009 33,896 3,579
2008 64,549 70,392 46,871 70,153 251,965
2007 22,353 42,398 41,907 76,035 182,693
-----------------------------------------------------------
Dividends
FY Interim Final Special (RMB)
2009 NA
2008 NA 0.0815 NA
-----------------------------------------------------------
Bonus / Rights / Stock Split
Date Type Details
NA
-----------------------------------------------------------
Share Data (RMB)
NAV = $0.7821
EPS = $0.0404 (6M FY09)
No of Shares = 927,900,000
-----------------------------------------------------------
ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
Post a Comment