JiangSu YongDing Company Limited (SSE:600105) released audited financial results for 2007 on April 21 in the company's annual report.
According to the report, the company's 2007 revenue was RMB 1.32 billion, down 20.00% year-over-year; net income dropped 158.88% to RMB -34.73 million, and EPS was RMB 0.15, decreasing of 40.00% compared with the same period of 2006.
JiangSu YongDing Company Limited (ETERN) is principally engaged in the manufacture and sale of optical and electric cables. The Company is also involved in the operation of real estate. The Company's major products include optical cables, electric cables and switch gears, among others. During the year ended December 31, 2006, the Company obtained approximately 79% and 13% of its total revenue from its optical and electric cable and real estate businesses, respectively. Headquartered in Wujiang, Jiangsu Province, the People's Republic of China, the Company distributes its products primarily in the domestic markets. As of December 31, 2006, the Company had four major subsidiaries/associates.
