Sinomatech s H1 result is expected to rise by 150%--200%

April 20, Sinoma Science & Technology Co., Ltd. (Sinomatech) announced its seasonal report of the first half of 2010. According to the report, the company s H1 attributable to shareholders of listed companies net profit increased by 1077.52% year on year. It is expected that the H1 operation result will rise by 150%--200% and the attributable to shareholders of listed companies net profit will increase by over 50 compared with the corresponding period of last year.

Sinomatech said that the substantial increase of the H1 performance mainly results from the expansion of sale volume of wind power blades.

In less than a month from March to April, 2010, Sinomatech has invested a total number of nearly RMB 700 million Yuan in wind power blades projects. Wind power blades bases have been built in Beijing, Gansu Province and JilinProvince respectively. Sinomatech (Baicheng) Wind Power Blades Co., Ltd. has been established. Maintaining the production of 1.5 MW wind power blades sets, the company endeavored to develop and put into mass production of the 3 MW wind power blades. It is Sinomatech s strong core competitiveness and good market prospect in the field of wind power blades that offer strong guarantee to the continuous growth of the company s result.