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• Revenue: -10.1% (4Q09), -2.0% (FY09)
• Net Profit: -16.6% (4Q09), -25.5% (FY09)
• Press Release: Revenue contracted by 2.0%
• Gross profit margin slid 4.4 percentage points to 32.2% due mainly to a change in sales mix to more affordably priced products within the Premium series baijiu (白酒) segment; More than offsets margin improvements in Regular series
• Continues to fine-tune product mix towards mid-end products to meet changing needs of consumers
• Outlook: The Group expects the baijiu (白酒) business to be challenging in FY2010.
• Despite the fact that global financial crisis has led to a weaker consumer demand and purchasing power for high end products as a whole in the PRC, the Group expects to maintain its overall sales volume by diversifying its product offerings.
• Following the launch of three new regular series products in 1Q FY2009, the Group has introduced five more new products in 4Q FY2009 in order to tap the market for mid-end baijiu (白酒) products
• The Group will continue to fine-tune its product mix and launch new products to meet the changing needs of consumers.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 171,803 232,280 181,428 117,404 702,915
2008 140,103 214,976 215,369 146,843 717,291
2007 NA NA NA NA 539,390
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 27,730 34,875 27,695 14,565 104,865
2008 34,712 45,155 43,497 17,449 140,813
2007 NA NA NA NA 85,864
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Dividends

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

Date Type Details
NA
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Share Data (RMB)

NAV = $0.9024
EPS = $0.1741 (12M FY09)
No of Shares = 625,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA