• Revenue decreased by 23.5% to approximately RMB971.1 million
• Gross profit margin increased by 5.7 percentage points from 23.2% to 28.9%
• Profit attributable to shareholders increased by 4.4% to approximately RMB126.4 million
• Basic earnings per share increased by 4.1% to approximately RMB12.6 cents
Neighborhood Electric Vehicles http://www.evfinder.com/NEVs.htm
The Startlab Open is a two seat car built in Italy. The street legal vehicles come in two versions, the "street" and "Hobby".
1227 [Dow Jones] STOCK CALL: SinoPac starts Tianneng Power (0819.HK) at Outperform, sets target at HK$6.40 (16X FY10 P/E); house views stock as value play in new energy market. Notes stock trading at attractive 9.4X FY10 P/E, tips EPS CAGR of 26% in FY09-FY11. "As the company taps the new energy sector such as the electric car battery and storage battery products, we believe there could be further upside if its products are well accepted." Adds, with high quality brand recognition, vast distribution network (covers almost all provinces in China), expects TNP's market share for lead-acid motive battery for electric bikes market to reach 26% in 2009, up from 19% in 2007, 22% in 2008. Stock +0.8% at HK$3.65.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com