Dongyue Group Limited (HKG:0189) expects the financial results for the year ended 31 December 2011 to increase significantly as compared with the corresponding period in 2010. The amount of the audited consolidated profit and total comprehensive income attributable to the shareholders for the year ended 31 December 2010 amounted to RMB733.9 million.

The board believes that such increase is mainly attributable to improvement in operating results of the group year-on-year as a result of the strong domestic and international demand and improvement in selling prices and margin of the group's products. During the year ended 31 December 2011, capitalizing on its low-cost raw material bases and its fully vertically-integrated production value chain, the group was able to stay ahead of the changing market environment and created a sustained growth in demand for the group's old and new products.

The company expects to release its annual results in March 2012.