Phillip Securities Research in a Nov 20 research report says: “Year-on-year, the Group reported 3Q09 revenue decreasing by 49.3% or RMB505.5 million to RMB519.3 million compared with about RMB1,024.8 million in the same period last year. The significant fall in revenue was due to a sharp decline in the average selling prices (“ASPs”) of the Group’s nylon yarn products.

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