Jiangsu Alcha Aluminum get 0.053 yuan profit pre share in H1

The report of the H1 performance of Jiangsu Alcha Aluminum Co., Ltd.shows: In the H1 of 2009, the net profit of the company is 8.9426million yuan, decreasing by 68.62% compared that of last year. 0.053 yuan basic earnings per share; the net assets yield is 1.43%, 3.68 yuan per share.

On July 25th, Jiangsu Alcha Aluminum Co., Ltd. released the H1 performance report. The report shows that the company's turnover in the first half of 2009 is 56,062.68 million yuan, 40.38% less than that of 2008. And the profit of the company is 6,641,600 yuan, 81.65% less than that of the same period in 2008; At the same time, the total profits is 1,008.76 million reducing 73.49%.

During the reporting period, the decline in the performance of the company is mainly due to the financial crisis. On the one hand, The demand for the air-conditioning foil is shrinking, its sales volume dimmed 23%, compared with the data of last year, on the other hand, the new products is quite few and most of the them are still under testing, they can not cover costs.
 
At the end of the reporting period, the company's financial condition is still satisfying, the total asserts is   139,624.96 million, and the shareholders' rights and interests is 62,598.44 million, the leverage ratio of the company is 55.17%.

Following is the main financial data in H1
Unit: million yuan
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Items                          January-June 2009    January-June 2008      Up/down
Operating revenues                  56,062.68       94,035.57              -40.38
Operating profit                    664.16          3,619.82               -81.65
Total profits                       1,008.76        3,805.67               -73.49
Net profit                          894.26          2,849.35               -68.62
Basic earnings per share (yuan)      0.053           0.168                  -68.45
ROE (%)                             1.43            4.40                   -2.97

                              End of June 2009      End of 2008      Up/down
Total assets                       139,624.96      147,277.91        -5.20
Shareholders' equity               62,598.44       60,769.32         3.01
Share capital                      17,000          17,000
Net assets per share(yuan)         3.68            3.57              3.08

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