According to preliminary data, the company's net profit for nine months ending 30 Sept 2008 will likely increase by between 100% and 150%, based on 1H 2007 net profit of RMB 3,547,302 and EPS of RMB 0.006.

The increase is mainly attributable to stronger demand for plastic products in the first half of 2008 and a gross profit increase in certain products. However, a significant fluctuation in the cost of raw plastic materials, caused by a decline in oil prices, has affected the company's operations.

Detailed figures pertaining to the company's financial status can be found in its 3Q 2008 Report.

Board of Directors
28 Aug 2008


Source: Securities Times

Date: 28 Aug 2008

CN01/ZZ/SW/BT/KM