HEILONGJIANG PROVINCE MUDANJIANG NEW MATERIALS TECHNOLOGY CO., LTD (600173)

3Q 2008 Net Profit: RMB 24.57 Mln

As of the end of 3Q 2008:

Total assets: RMB 1,989,779,263
Shareholders' equity: RMB 503,358,043
Net assets value per share: RMB 1.53

3Q 2008:

Net profit: RMB 24,572,412
Basic earnings per share: RMB 0.074
Basic earnings per share after deducting non-recurring gains and losses: RMB 0.057
Diluted return on equity: 4.88%
Diluted return on equity after deducting non-recurring gains and losses: 3.75%

1Q-3Q 2008:

Net profit: RMB 101,686,537
Basic earnings per share: RMB 0.308
Basic earnings per share after deducting non-recurring gains and losses: RMB 0.292
Diluted return on equity: 20.20%
Diluted return on equity after deducting non-recurring gains and losses: 19.14%
Net cash flow per share arising from (used in) operating activities: RMB (0.54)

Board of Directors
27 Oct 2008


Source: Shanghai Stock Exchange

Date: 27 Oct 2008

CN01/RP/JL/NK/KM

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