According to preliminary data, the company will suffer a net loss in 2008. In 2007, the company had a net profit of RMB 10,061,400 with EPS of RMB 0.0336.

The weak performance is mainly attributable to the increase in raw material prices and state-mandated electricity prices.

Detailed figures pertaining to the company’s financial status can be found in its 2008 Annual Report. Investors are advised to exercise caution when dealing in the company's shares.

Board of Directors
29 Aug 208


Source: Securities Times

Date: 29 Aug 208

CN01/CJ/JL/NK/KM