Lang Sha Co. Ltd. and Wolong Electric issued a express performance of half year 

Lang Sha Co. Ltd. and Wolong Electric issued a express performance of half year at the same time. Lang Sha Co. Ltd. achieved a net profit of 12.5147 million Yuan, declined by 96 percent During the reporting period. In response, Lang Sha Co. Ltd. explain that China Great Wall Asset Management Company, the state-owned assets management company and Zhongyuan Paper Co. Ltd. in Yibin are exempted debt of 285 million Yuan from Jan. to March in 2007 and it is confirmed as the restructuring proceeds for debt which is included in the operating income of 2007.

Wolong Electric said the mid-term operating income of 2008 is 1.05 billion Yuan as an increase of 58.43 percent comparing to the same period of last year, which is mainly due to substantial revenue growth in international trade and the net profit attributing to the parent company over the same period rose 62.74 percent to 71.2354 million Yuan. 

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