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Annual Results Announcement For The Year Ended 31 December 2009
2010/04/15
 

 

Financial Review  
A summary of the financial results of the Group for the year ended 31 December 2009 is as follows:  
Revenue fell by approximately 15.08% to approximately RMB775,053,000.  
Gross profit increased by approximately 14.62% to approximately RMB150,959,000.  
Loss for the year attributable to owners of the Company amounted to approximately RMB6,438,000 (2008: RMB24,485,000).  

Upon a review of the financial results for the Year, the Group’s revenue was approximately RMB775,053,000, representing a decrease of approximately 15.08% over the same period last year.The decrease was mainly attributable to the deteriorating operating environment and stagnant demand as a result of the financial tsunami.The sales of aluminum electrolytic capacitors for the Year was approximately RMB566,526,000, representing a decrease of approximately 12.60% over RMB648,193,000 of the same period last year and the sales of aluminum foils for the Year was approximately RMB208,527,000, representing a decrease of approximately 21.15% over RMB264,449,000 of the same period last year. However, the Group’s gross profit margin rose from approximately 14.43% for the corresponding period last year to approximately 19.48% for the Year.The improvement in the gross profit margin was mainly due to the Group’s tightened internal control over the sales unit price and gross profit as well as the decline in the price of raw materials.