Sinosteel Tianyuan 2008 Semi Annual Performance Bulletin

The company and all members of the board guarantee the authenticity, accuracy and completeness of the information disclosure.

Record, misleading statement or major omission.

Special note:

The financial data for the half year of 2008 is the preliminary accounting data.

Internal audit of audit department, but not audited by accounting firms, may be half year's final announcement.

There are discrepancy in the financial data of the degree reports. Investors are advised to pay attention to investment risks.

First, 2008 and half year's major financial data and indicators

The increase or decrease of the project during the same period last year (%)

Operating income (10000 yuan) 20080.76, 13001.11 54.45

Operating profit (10000 yuan) 89.76 374.25 -76.02

Total profit (10000 yuan) 259.05 378.69 -31.59

Net profit (10000 yuan) 276.84 376.99 -26.57

Earnings per share (yuan) 0.03 0.04 -25.00

Net assets yield (%) 1.10 1.57 decreased by 0.47%

The increase and decrease in the beginning of the reporting period at the end of this report (%)

Total assets (10000 yuan) 40705.70, 38819.72 4.86

Net assets (10000 yuan) 25075.61 24798.77 1.12

Net assets per share (yuan) 2.99 2.95 1.36

Note: 1. The above data are listed in the company's consolidated statement data.

2. The above net profit, basic earnings per share, return on equity, shareholders' equity, net assets per share, etc.

The index should be listed in the data attributable to shareholders of the listed company, and the return on net assets shall be calculated according to the full dilution method.

Two, operating performance and financial situation description

During the reporting period, the company adjusted its product mix and intensified its market development, so that the company's operating income increased substantially in the first half of 2008, and realized total business revenue of 200 million 807 thousand and 600 yuan, an increase of 54.45% over the 2007 year. However, it was affected by the continuous rise in the prices of raw materials and the increase in energy and labor costs, resulting in a year-on-year decrease in the company's profit in the first half of 2008 compared with the same period last year, and eventually resulted in a 2008 decrease in the total profit in the 2008 quarter compared with the same period last year.

Three. Reference documents

1. A comparative balance sheet and profit statement signed and sealed by the company's current legal representative, the person in charge of accounting work and the person in charge of the accounting institution.

2. The internal audit opinion of Sinosteel group Anhui Tianyuan Polytron Technologies Inc 2008 half yearly performance report issued by the company audit department.

Sinosteel group Anhui Tianyuan Polytron Technologies Inc board of directors

July 22nd, two, eight