The company anticipates a significant loss for the fiscal year 2008, estimated at approximately 80 million yuan. This forecast is based on preliminary calculations by the finance department and has not been audited by a registered accountant. The decline in performance is attributed to rising raw material costs and decreased product demand due to the global financial crisis.
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Stock Code: 000515
Stock Abbreviation: Panyu Titanium Industry
Announcement Number: 2008--43
Performance Loss Announcement
The company and all members of the board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
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