Sanyou Chemical Saw Down 96% for Q3      

Tangshan Sanyou Chemical Company Ltd. (SH: 600409) posts the net profit of RMB3 million in the third quarter of 2008, down 96.05% year-on-year. EPS was RMB0.0032, a drop of 97.70%.
   The drastic reduction of the net profit attributes to the cost increase of raw materials and surging fuel price.
   The company is building a 60 000 t/a silicone project, a 300 000 t/a PVC project, a 300 000 t/a caustic soda renovation project, a ultra-low salt heavy soda ash renovation project and waste heat comprehensive utilization project.