Highlights for Third Quarter 2009
- Total revenues decreased by 74.9% year-to-year and 34.3% quarter-on-quarter to RMB112.3 million (US$16.4 million).
- Cost of revenues decreased by 43.4% year-to-year and 38.4% quarter-on-quarter to RMB161.3 million (US$23.6 million), including a provision of RMB19.3 million (US$2.8 million) for consumption tax pending a determination by PRC tax authorities. Factors other than the provision for consumption tax accounted for a decrease in cost of revenues by 50.1% year-to-year and a decrease by 22.2% quarter-on-quarter principally as a result of a decrease in production and sales volume during the period.
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