Mainboard-listed China Flexible Packaging Holdings, one of the leading manufacturers in the production and sale of thermoplastic polymer film, says revenue fell 36.7% to RMB 180.5 million ($37.7 million) in the third quarter ended July 31, 2009 (3Q2009) from RMB 285.4 million in 3Q2008.

The decrease was mainly attributable to the weakening economy from the global financial crisis and lower average selling prices of its products, says China Flexible Packaging.

Gross profit decreased to RMB 31.1 million in 3Q2009 from RMB 83 million in 3Q2008.