Date: 2013-07-31

LYC To Report Higher Sales In The First Eight Months

In accordance with the development strategy, LYC focused on quality improvement, specification diversity and cost reduction, aiming at shifting its operation mode form extensive economy to intensive economy and achieving a sustainable and rapid development, which resulted in the return of all economic indicators to the ever highest level in company record as investment, output, production value and sales.

The sales in the first eight months hit RMB 730million and sales/output ratio reached 95.04%. Ratio of paying in cash was nearly 75.3%. The profit was up to RMB 5million. Annual productivity reached RMB32, 000 per capita. Defect/qualify ratio was 0.33%. Liquidity ratio was 1.56. Overall economic efficiency of the first seven months rose to 85%. The production value in the first eight months increased 23

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