Company Study of China Aviation Sanxin (CAS), 2009
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In the first three quarters of 2009, China Aviation Sanxin Company Limited (CAS) gained the sales revenue of RMB1.092 billion, up 8.84% from the same period of last year; and net profit attributable to the shareholders of the listed company amounted to RMB 31.91 million, up 16.99%. The earnings per share was RMB 0.16. In Q3, the sales revenue reached RMB 405 million, up 18.47%; the listed company got the net profit of RMB7.47 million, up 15.21%.

CAS has two ultra-white glass production lines under construction. One is 600T/D Ultra-white PV Solar TCO Coated Glass Production Line updated by Hainan China Aviation Special Glass Materials Co., Ltd. from Hainan Fuyao Line II; the other is 250T / D Ultra-white Rolling Glass Production Line provided by China Building Materials Group for CAS Solar PV Glass Co., Ltd.. Once the above production lines are finished, CAS’s ultra-white glass production capacity will rank the top in China. Meanwhile, CAS will employ PPG technology to build a 600T/D Electronic Sheet (Flat Panel Display) Production Line. 600T/D Ultra-white Glass Production Line will be completed at the end of 2010, while 600T/D Electronic Sheet (Flat Panel Display) Production Line will finish construction in mid-2010.

CAS’s business covers energy-saving and ultra-white glass, energy-saving and ultra-white curtain wall, energy-saving and photovoltaic glass curtain wall, which may benefit from the national energy conservation and new energy policies easily.

Business Revenue of CAS, 2005– H1 2009
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Source: Annual Report of CAS

The report consists of three parts. First, the report introduces CAS, such as its background and shareholders; second, the report describes the company's business situation, mainly the operating results during 2007-2009, including the operating results from the industries, business scope and marketing of main products; third, the report analyzes the domestic and international market trends. The report conducts comprehensive analysis on operation, management and industrial background of CAS.

1 Company Profile

2 Development Analysis
2.1 Company Development  
2.1.1 Business Achievements
2.1.2 Business Achievements in 2007
2.1.3 Business Achievements in 2008
2.1.4 Business Achievements in 2009
2.2 Risks

3 Future Market Forecast
3.1 Domestic Market
3.2 Overseas Market
Relationship between CAS and Actual Controllers
Top 10 Shareholders of CAS, by the end of Jun 2009
Top 10 Shareholders  of CAS, by the end of Jun 2009
Business Revenue of CAS, 2005– H1 2009 
Business Revenue Distribution of CAS, 2005– H1 2009
Total Profit of CAS, 2005– H1 2009
Net Profit of CAS, 2005– H1 2009
Business Revenue of CAS by Industry, 2007
Business Revenue of CAS by Product, 2007
Business Revenue of CAS by Industry, 2008
Business Revenue of CAS by Product, 2008
Business Revenue of CAS by Industry, 2009
Business Revenue of CAS by Product, 2009

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