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• Revenue: +6.0% (2Q09)
• Net Profit: -67.7% (2Q09)
• Press Release: 2Q09 y-o-y revenue rises 6% to RMB 464.7 million from RMB
  438.3 million in 2Q08 on fresh contributions from the construction of two oil tankers
• Recorded net profit attributable to equity holders of RMB7.14 in 2Q2009 million, reversing losses of RMB 52.6 million in 1Q2009
• Successfully delivered three new vessels in 1H09; confirmed orders for 32 new vessels will be progressively delivered from 2009 to 2012
• Outlook: While ship owners continue to be cautious about committing to new orders in the near term, the Group remains confident about the long-term prospects of the shipping industry.
• Following significant infusions of liquidity by various Governments, there have been signs of economic recovery recently, as has been widely reported in the media.
• The Group continues to pursue shipbuilding opportunities in various geographies.
• Despite operating in a challenging market environment, the Group will continue to maintain its strong cash position to ensure the sustainable development of the Group.
• As at 30 June 2009, the Group had cash and cash equivalents of RM8632.1 million (approximately S$134.3 million), with short term bank borrowings of RMB20.0 million and no long term borrowings.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 215,453 464.711
2008 203,671 438,297 413,697 565,073 1,620,739
2007 173,390 418,838 390,143 512,473 1,494,844
2006 NA NA NA NA 1,215,377
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total
2009 (52,615) 7,138
2008 30,089 22,101 39,332 (44,008) 47,515
2007 23,960 61,614 48,082 91,255 224,911
2006 NA NA NA NA 131,795
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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 = $1.4237
EPS = $0.0061 (2Q FY09)
Diluted EPS = $0.0061 (2Q FY09)
No of Shares = 1,166,028,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA