Taiyuan corundum announced the first half report of 2012 on Aug 7. The gross revenue of the company is 0.689 billion during the time of report, up 18.85% from the same period last year, total profits 30.74 million, increase 90.99% compared with the year before. The retained profits of the listed company are 20 million. rise 20.4% year on year, earnings per share 0.07. Net asset of shareholders of listed company is 1.36. Asset liability ratio is 79.03% up 2.48% from a year earlier.

There’re total 84172 shareholders, down 2581 from the last year within the report period. Among of them, five personal investors are in the circulation shareholders.

Nonbusiness income is 4.69 million within report time, increase 433.20%. The main reason is that government subsidy increase by 3.5 million from the last yare before in this period.

The company showed that in the first half of 2012, facing the economical situation at home and abroad and fierce market competition, the company took effective measures to guarantee production and management condition, including adjusting management strategy, strengthen the inner management, increasing greatly R & D of new products, increase income and reduce expenditure etc.

As for the future development strategy, the company expressed that they will treat the energy-saving and reducing consumption as the key point, strengthening target cost management and trying to lower the cost because of the external tough management environment. There’re fierce market competitions between similar enterprises. It is unexpected for the market demand. The company needed to develop high value-added products that are good for sale, try hard to cultivate new market and enhance the market competitiveness.