China Lumena to expand PPS capacity to meet market demand

摘要

China Lumena New Materials Corp announces its interim results for the six months ended 30th June 2012. During the period under review, the Group's revenue amounted to approximately RMB2.203.1 million (2011: RMB2.236.1 million), representing a slight decrease of approximately 1.5%. Profit for the period attributable to owners of the Company amounted to approximately RMB820.1 million (2011: RMB774.5 million), representing an increase of approximately 5.9% as compared to the same period in the previous year, accounting for 65.4% of FY2011. During the period, there were changes in business environment in the specialty thenardite market with a new competitor, and we managed to offset this situation by increasing proportion of revenue derived from medical thenardite and full line of polyphenylene sulfide ("PPS") business to 84.2% (2011: 74.1%) of total revenue. In the "Twelfth Five-Year" Plan stipulated by the PRC government, favourable policies benefited the PPS industry.