U r rite Des_khor...

Old Bird means Old Bird... (in Hokkien)

Today 大鱼s'll make ChinaGaoxian close 0.250/0.245 worst 0.240.

Always rmbr, 大鱼s r drawaing chart now.

('',)

Uncle binbin, U better dun talk so much here .... 大鱼 still inside they know what u means !

Better use Alien language ,,%#@#$@&%.

Balance Sheet (strong balance sheet)

The Group’s property, plant and equipment rose up by 27.6% to RMB542.1 million as at 30 September 2010, compared to RMB424.9 million as at 31 December 2009, due to the installation of new equipment as it expanded its production capacity during the first nine months of the year. The increase of RMB205.7 million in land use rights as at 30 September 2010 was due to the recently acquired land located at Balidian Town, Huzhou City,  Zhejiang Province. The Group is currently conducting a feasibility study to explore the possibility of constructing an upstream PET chip manufacturing facility on the land.

Trade and other receivables declined by RMB64.0 million to RMB261.4 million as at 30 September 2010. This was due to the faster collection of receivables and continued financial recovery of the Company’s customers.

Trade and other payables decreased by RMB108.8 million to RMB95.4 million as at 30 September 2010. This was mainly due to the decrease in bills payable and other payables. However the decrease is offset by the increase in trade payables.

Cash Flow Statement (solid cash flow)

Net cash flows generated from operating activities amounted to RMB337.3 million in 9M2010 as compared to that of RMB183.3 million in 9M2009. Overall cash and cash equivalents stood at RMB 593.4 million as compared to that of RMB 598.5 million as at 31 December 2009.

(company's plan coincides with government economic reform policy) Moreover, in line with China’s economic reform policy, domestic demand is expected to be driven further upward by strong government mandates to improve the income levels and purchasing power of its residents within the next five years. As such, the Group is cautiously optimistic on the prospects of its polyester yarn and fabric products which are the major base materials used in mid to high end casual and sportswear apparel, sports accessories, interior furnishings, automobile furnishings, and so on. As a result, the Group’s rolling order book stood at about RMB245.0 million as at 30 October 2010, most of which will be fulfilled within the next one and a half months.

(with commodities prices continue to run up for next 2 years, high selling prices i.e. high margins will be maintained) As a major substitution of cotton products, polyester yarn and fabric products see a continual pick up in average selling prices along with the rising prices of cotton raw materials. 

(expansion plan to maximise the production capacity, to meet the high increasing demands) In the long run, the Group is currentlyconducting a feasibility study to explore the possibility of constructing an upstream PET chip manufacturing facility on its recently acquired piece of land, which is located adjacent to its existing factory in Huzhou City, Zhejiang Province. Considering the high utilization rate of its existing manufacturing equipment and the continual strong demand of its products moving forward, the Group has ramped up its maximum annual production capacity of differentiated polyester yarns by 16.7% from 180,000 metric tons at the beginning of this year to about 210,000 metric tonnes at the end of September, and the maximum annual production capacity of Warp Knit Fabric (“WKF”) to 81,000 metric tons as at 30 September 2010,up 3.8 fold from the beginning of this year.

(i would see the date as the latest date, earliest approval could be end of this month or early next month)Regarding the Company proposed due listing on the main board (KOSPI) in Korean Stock Exchange, the Group has recently submitted its application for the issuance of KDRs to the KRX and convened a shareholders’ meeting to approve the dual listing. The Group hopes to list on KRX by early 2011.

all indicators are pointing to a good start of the run up recently. load up before you are left out.

The Group will further update shareholders on the status of the KRX dual listing when appropriate."

looks promising? cheers =)