For the first half of 2008, the company realized turnover of Rmb1.749bn (+17.82% yoy), operating profit of Rmb289mn (+100.76% yoy), net profit of Rmb228mn (+132.45% yoy) and EPS of Rmb0.434.
Earning boosts were mainly owing to: 1) During 1H2008, sales revenue of real estate maintained flat status with the same period of last year, in such a case, operating costs dropped 19.34% yoy, which incurred 14ppt up of gross margin. This is the main reason why net profit growth sharply overran increment in operating revenue. Besides, 2) Metal Manufacturing of the company enjoyed good performance with sales volume of 118,400 ton, meantime, it achieved turnover of Rmb965mn (+36.02% yoy) and operating profit of Rmb86.9002mn (+161.87% yoy).