50% - 100% Profit Increase for 1H 2008

According to preliminary data released by the company's finance department, the company’s net profit for 1H 2008 is estimated to have increased by between 50% and 100% YOY, compared with net profit of RMB 294,275,069, and EPS of RMB 0.29 during the same period in 2007.

The increase mainly stems from returns made on a relocation project involving an engineering glass production line in Shenzhen, revenue from the operation of certain construction projects, investment earnings by selling subsidiary and the appreciation of the RMB.

Detailed figures pertaining to the company’s financial status can be found in its 2008 Semiannual Report.

Board of Directors
16 Jul 2008


Source: Shanghai Stock Exchange

Date: 21 Jul 2008

CN01/CJ/JL/BT/KM