EYANG Holdings (Group) Co., Limited (
HKG:0117) expected the net profit of the Group’s MLCC business for the year 2011 to decline significantly as compared to that of year 2010. This is mainly due to the fact that consumers' expenditures were sluggish in both Europe and North America as global financial crisis worsened during the period, which in turn resulted in a decline in the demand for MLCC products. And the market competition of MLCC also intensified