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• Revenue: -58.9% (2Q09), -14.1% (1H09)
• Net Profit: -88.9% (2Q09), -33.4% (1H09)
• Outlook: The Group believes that the demand for our fabrics in the manufacturing of sports and lesiure apparels, shoes segments will continue to decline in the forthcoming quarters and are anticipated to have a negative growth compared on a year-on-year basis in line with the general decline in market demand.
• The order visibility is shorter and there is no assurance of the continued business momentum from the previous financial year attributable mainly to the Olympics effect.
• In view of the financial turmoil begun late last year, the entire market situation is expected to be quite different.
• The focus of the Group will still be in providing more functional fabrics in order to maintain profitability.
• The Group’s current proportion of fuctional fabrics sale is around 75-80% level.
• The trend of average selling prices of the Group's products are expected to come down due to declining raw material prices compound with the general decline in market demand.
• This will likely lead to decrease in the Group’s gross margin.
• However, the Group will still be placing emphasis on its sales in more functional fabrics in order to be able to achieve higher selling prices.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 132,242 46,846
2008 94,479 113,903 126,918 131,777 467,077
2007 NA NA 88,262 91,601 325,632
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 34,617 3,569
2008 25,267 32,053 28,032 27,807 113,159
2007 NA NA 23,970 24,167 86,139
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Dividends

FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (RMB)

NAV = $0.7957
EPS = $0.0779 (6M FY09)
No of Shares = 490,002,148
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA