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Notes: 1996 share prices are listed in US dollars ($). Market Capitalization is listed in millions. China First Pencil (Company Code: 900905) Tel: 6541-6940 1996 Year-End Price: 0.442 1996 High: 0.610 1996 Low: 0.270 Market Capitalization: 32.1 P/E Ratio: 10.57 China Textile Machinery (900906) Tel: 6543-2970 1996 Year-End Price: 0.170 1996 High: 0.284 1996 Low: 0.074 Market Capitalization: 18.6 P/E Ratio: 1411.00 China International Travel (900929) Tel: 6321-7200 1996 Year-End Price: 0.444 1996 High: 0.580 1996 Low: 0.300 Market Capitalization: 26.6 P/E Ratio: 10.84 Eastern Communications (900941) Tel: 0571-886-5242 1996 Year-End Price: 0.890 1996 High: 0.978 1996 Low: 0.660 Market Capitalization: 89.0 P/E Ratio: n/a Erdos Cashmere (900936) Tel: 0477-325834 Profile: The world's largest producer of integrated cashmere, Erdos enjoys the advantage of its Inner Mongolian location, which puts it near the cashmere-producing goats. Vertically integrated, Erdos derives over 40% of its sales from the export of high-quality garments produced with Japanese textile technology. Erdos has recently invested in five JV's, to broaden its capacity for yarn and garment production. 1996 Year-End Price: 0.630 1996 High: 0.800 1996 Low: 0.380 Market Capitalization: 69.3 P/E Ratio: 51.77 Erfangji (900902) Tel: 6531-8888 1996 Year-End Price: 0.172 1996 High: 0.400 1996 Low: 0.090 Market Capitalization: 36.4 P/E Ratio: 36.61 Forever Bicycle (900915) Tel: 6546-1544 1996 Year-End Price: 0.170 1996 High: 0.318 1996 Low: 0.102 Market Capitalization: 10.2 P/E Ratio: 28.80 Friendship Store (900923) Tel: 6329-4600 1996 Year-End Price: 0.436 1996 High: 0.560 1996 Low: 0.318 Market Capitalization: 23.0 P/E Ratio: 12.92 Haixin Toys (900917) Tel: 6275-2094 Profile: A Sino-HK JV established in 1986, Haixin uses imported technology to produce plush and flannel almost entirely for domestic manufacturers of toys for export. Consequently, Haixin's own sales are counted as direct exports, and no VAT is owed. The company is now diversifying into production of acrylic blankets for export and, through a JV, the production of packing materials. Bsiness can be significantly influenced by price of raw materials, also international relations, such as those between China and the US. 1996 Year-End Price: 0.418 1996 High: 0.558 1996 Low: 0.240 Market Capitalization: 19.3 P/E Ratio: 9.13 Heilongjiang Electric (900937) Tel: 0451-252-5958 Profile: Its largest shareholders being Northeast Electric Power Group Corp. and Heilongjiang Province Electric Power Co., which is responsible for providing electric power to the entirety of Heilongjiang province, HE enjoys strong government backing, as well as tariffs nearly 50% of those paid by coastal cities. Its estimated capacity by the end of 1997 should be over 500MW. HE guarantees 17.5% return on total investment. 1996 Year-End Price: 0.660 1996 High: 0.870 1996 Low: 0.244 Market Capitalization: 66.0 P/E Ratio: n/a Hero (900921) Tel: 6250-6261 1996 Year-End Price: 0.410 1996 High: 0.548 1996 Low: 0.252 Market Capitalization: 21.5 P/E Ratio: 8.62 Hua Xin Cement (900933) Tel: 0741-224971 1996 Year-End Price:0.280 1996 High: 0.398 1996 Low: 0.190 Market Capitalization: 24.4 P/E Ratio: 12.23 Huangshan Tourism (900942) Tel: 0559-556-1207 1996 Year-End Price: 0.440 1996 High: 0.538 1996 Low: 0.266 Market Capitalization: 35.2 P/E Ratio: n/a Huili Building Material (900939) Tel: 5811-1244 1996 Year-End Price: 0.270 1996 High: 0.404 1996 Low: 0.170 Market Capitalization: 21.6 P/E Ratio: n/a Industrial Sewing Machinery (900924) Tel: 6328-9998 1996 Year-End Price: 0.190 1996 High: 0.302 1996 Low: 0.100 Market Capitalization: 14.3 P/E Ratio: 58.41 Jinjiang Tower Group (900914) Tel: 6415-1188 1996 Year-End Price: 0.304 1996 High: 0.450 1996 Low: 0.210 Market Capitalization: 30.9 P/E Ratio: 14.93 Jinqiao (900911) Tel: 5899-1818 1996 Year-End Price: 0.540 1996 High: 0.718 1996 Low: 0.300 Market Capitalization: 77.2 P/E Ratio: 20.56 Jintai (900935) Tel: 5957-7280 1996 Year-End Price: 0.218 1996 High: 0.320 1996 Low: 0.100 Market Capitalization: 17.4 P/E Ratio: 18.65 Lianhua Fibre (900913) Tel: 5953-4839 1996 Year-End Price: 0.206 1996 High: 0.600 1996 Low: 0.100 Market Capitalization: 7.4 P/E Ratio: 14.25 Narcissus Electric (900931) Tel: 5665-1800 1996 Year-End Price: 0.210 1996 High: 0.348 1996 Low: 0.118 Market Capitalization: 23.1 P/E Ratio: 14.17 Post & Telecommunications (900930) Tel: 6436-0900 1996 Year-End Price: 0.422 1996 High: 0.600 1996 Low: 0.248 Market Capitalization: 25.3 P/E Ratio: 9.73 Phoenix Bicycle (900916) Tel: 6549-0525 1996 Year-End Price: 0.180 1996 High: 0.304 1996 Low: 0.112 Market Capitalization: 19.8 P/E Ratio: 14.50 Sanmao Textile (900922) Tel: 6541-7100 1996 Year-End Price: 0.230 1996 High: 0.380 1996 Low: 0.100 Market Capitalization: 7.6 P/E Ratio: 9.40 Shanghai Auto Instrument (900928) Tel: 6280-0700 1996 Year-End Price: 0.216 1996 High: 0.348 1996 Low: 0.126 Market Capitalization: 19.1 P/E Ratio: 8.75 Shanghai Chlor-Alkali Chemical Co.,Ltd. (900908) Tel: 6470-3609 Profile: Leading Chinese manufacturer of PVC and caustic soda products. Current market shares approximtely 16% and 6% respectively; mainly domestic sales. JV's include those with Hong Kong Bestco (pipings and fittings), an Austrian JV known as Shanghai Luwei (foaming piping), American Hercules (paper-making chemicals). Export customers in SE Asia. Two 10,000 ton-capacity wharfs on the Huangpu River. 1996 Year-End Price: 0.278 1996 High: 0.430 1996 Low: 0.200 Market Capitalization: 93.4 P/E Ratio: 9.74 Shanghai Dajiang Group (900919) Tel: 6258-1083 Profile: JV between Songjiang County government and Chia Tai Ltd. of Thailand, established 1985. The largest vertically-integrated chicken meat processor in China. Sales of chicken, fish, and pig feed comprise approximately half its turnover. Itsexport sales of chicken meat to Japan make up 30% of China's total. International competition, low profit margins, and operating near full production capacity make it necessary that Dajiang diversify. 1996 Year-End Price: 0.510 1996 High: 0.654 1996 Low: 0.350 Market Capitalization: 23.2 P/E Ratio: 10.91 Shanghai Dazhong Taxi Co. (900903) Tel: 6258-1083 Established in 1989 under supervision of Vice Premier Zhu Rong Ji, Dazhong now boasts a fleet of 1800 vehicles. With a 5% share of Shanghai's market, it is the city's second largest taxi company. Dazhong is now diversifying into insurance, car rental, buses, car repair, moving, and residential property. The present subway line has taken some of Dazhong's market. Seven more lines are scheduled to open by the year 2020. 1996 Year-End Price: 0.826 1996 High: 1.000 1996 Low: 0.498 Market Capitalization: 83.8 P/E Ratio: 11.06 Shanghai Diesel Engine (900920) Tel: 6549-3506 x 2207 Profile: Established in 1947, selling products under the name "Dongfeng." Its medium output/high-speed engines hold 70% of the PRC market. JV with Caterpillar started production in '95. Also in JV with Austrian AVL. Solid growth in China's transportation and infrastructure sectors should benefit SDE in the near future. 1996 Year-End Price: 0.474 1996 High: 0.668 1996 Low: 0.340 Market Capitalization: 102.9 P/E Ratio: 8.55 Shanghai Goods & Materials (900927) Tel: 6257-0000 1996 Year-End Price: 0.202 1996 High: 0.330 1996 Low: 0.112 Market Capitalization: 11.1 P/E Ratio: 36.45 Shanghai Lujiazui Dev. Co. (900932) Tel: 5887-8888 x 268 Profile: Land developer of LJZ Finance & Trade Zone. Established by Shanghai municipal government in 1990. Landbank consists of three districts: Financial Center, Longyang Composite Area, Zhuyuan Commercial & Trade Area. Future relocation of important PRC financial institutions, such as the Shanghai Stock Exchange, promise long-term demand for real estate; but short-term office-vacancy rates are expected to reach 45%. 1996 Year-End Price: 0.974 1996 High: 1.498 1996 Low: 0.530 Market Capitalization: 354.5 P/E Ratio: 10.11 Shanghai New Asia Group (900934) Tel: 6353-6304 Profile: The largest hotel group in Shanghai, with 18% market share and diversified portfolio ranging from 5-star down to unrated hotels. Owns 49% stake in fast-growing Shanghai KFC, also stakes in the 4200 sq.m. New Asia Food Street and Jack in the Box outlets. 1996 Year-End Price: 0.448 1996 High: 0.650 1996 Low: 0.410 Market Capitalization: 44.8 P/E Ratio: n/a Shanghai Refrigerator Compressor (900910) Tel: 6470-3609 Profile: Established in 1957, SRC produces refrigerator compressors and air conditioner compressors, primarily for the domestic market, of which it holds a 9% share. Sales of air conditioner compressors, produced in JV with Hitachi, expected to grow steadily. SRC has also entered into a JV with Mitsubishi, to produce non-CFC refrigerator compressors. 1996 Year-End Price: 0.544 1996 High: 0.700 1996 Low: 0.352 Market Capitalization: 75.1 P/E Ratio: 9.12 Shanghai Rubber Belt (900907) Tel: 6541-5210 1996 Year-End Price: 0.240 1996 High: 0.348 1996 Low: 0.102 Market Capitalization: 7.9 P/E Ratio: 18.11 Shanghai Steel Tube (900926) Tel: 5682-0888 1996 Year-End Price: 0.190 1996 High: 0.330 1996 Low: 0.110 Market Capitalization: 16.7 P/E Ratio: -52.57 Shanghai Tyre & Rubber (900909) Tel: 6329-0433 1996 Year-End Price: 0.424 1996 High: 0.558 1996 Low: 0.208 Market Capitalization: 93.7 P/E Ratio: 351.92 Shanghai Worldbest (900940) Tel: 5830-3000 1996 Year-End Price: 0.418 1996 High: 0.514 1996 Low: 0.252 Market Capitalization: 41.8 P/E Ratio: n/a Shanghai Yaohua Pilkington Glass (900918) Tel: 5883-9305 Profile: A JV established in 1983 with UK Pilkington to produce clear float glass. Now diversifying into value-added glass processing. Approximately 35% of sales are exports, to Japan, Hong Kong and SE Asia. Increasing competition has led to oversupply in China and SE Asia, causing prices to slump. Tax holiday expires in 1998. 1996 Year-End Price: 0.476 1996 High: 1.200 1996 Low: 0.402 Market Capitalization: 59.5 P/E Ratio: 5.90 Shangling Electric (900925) Tel: 5885-7888 1996 Year-End Price: 0.434 1996 High: 0.810 1996 Low: 0.258 Market Capitalization: 41.1 P/E Ratio: 6.00 Tientsin Marine Shipping Co. (900938) Tel: 022-334-9358 Profile: Owned by the city of Tianjin. Significant amount of TMSC shares owned by company employees. TMSC currently runs four routes out of Tianjin, to Hong Kong, Korea, Japan and Singapore; and one route between Shanghai and Japan. Present fleet capacity -- 3168 TEU's on 10 vessels -- soon to increase to 5268 TEU's on 13 vessels. Cargoes mostly high value-added goods: auto, light industrial, woven products, electronics. 1996 Year-End Price: 0.472 1996 High: 0.588 1996 Low: 0.256 Market Capitalization: 42.5 P/E Ratio: n/a Vacuum & Electron (900901) Tel: 6256-0884 1996 Year-End Price: 0.194 1996 High: 0.320 1996 Low: 0.120 Market Capitalization: 31.0 P/E Ratio: 6.44 Wai Gaoqiao (900912) Tel: 5869-9888 1996 Year-End Price: 0.486 1996 High: 0.606 1996 Low: 0.282 Market Capitalization: 80.6 P/E Ratio: 20.17 Wing Sung Stationery (900904) Tel: 6325-0240 1996 Year-End Price: 0.280 1996 High: 0.410 1996 Low: 0.150 Market Capitalization: 9.7 P/E Ratio: 10.28 |
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