EPS of RMB1.72 in Xinan Chemical Industrial      

Benefited from the price rise of glyphosate, the operating revenue accomplished by Zhejiang Xinan Chemical Industrial Group Co., Ltd. (SH: 600596) in 2007 was RMB3 829.79 million, an increase of 32.91% over the previous year. The net profit was RMB494.6193 million, an increase of 50.10%. The earning per-share (EPS) reached RMB1.7247.
   The company plans to issue up to 30 million shares in the domestic stock market to raise up to RMB980 million. Funds to be raised will mainly be used in the 45 000 t/a room-temperature curing silicone rubber project and matched facilities, the 30 000 t/a silicone byproduct comprehensive utilization phase II project and the clean pesticide formulation project.