According to preliminary data, the company's net profit for 2008 is projected to decrease by 39.87% to RMB 47,000,000. It is estimated that a net profit is achievable after deducting non-recurring gains and losses. In 2007, its net profit was RMB 62,945,577, its net loss after deducting non-recurring gains and losses was RMB 20,804,183 and EPS was RMB 0.08.

The reason the net profit was higher in 2007 is that a RMB 56 mln and a RMB 32 mln in income were achieved from selling stake in Shenzhen Seg Zhongdian Color Display Devices Co., Ltd. and in Shenzhen SEG. Dasheng Co., Ltd., respectively.

The turnaround of Shenzhen Seg Sumsung Glass Co., Ltd., an affiliate of the company, stable growth in the property-renting business and robust electronics industry have boosted the company's profit.

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

Board of Directors
24 Oct 2008


Source: Securities Times

Date: 24 Oct 2008

CN01/ZZ/SW/NK/KM