The market has been fluctuating recently between 2,700 and 2,900. Weighted blue chips have failed to lead the market rebound but instead have touched record lows in past years. However, most battered stocks have stopped falling and some have even started to rebound, including the company. With strong fundamentals, it has reached its trough and is likely to be among the first to rebound.

As the biggest distillery in western China, the company has specific advantages in terms of environment and technology for wine making. With the global surge in oil prices, the company has entered into the energy and coal chemical industries, hoping to drive future profitability.

Source: Shanghai Securities News

Date: 1 Jul 2008

CN01/NW/MZ/AR/MM