Jinpan International Limited Releases Initial Sales and Net Income Forecasts for 2007

ENGLEWOOD CLIFFS, N.J., April 2  /PRNewswire-FirstCall/ -- Jinpan International Limited (JST), (the premier manufacturer of cast coil transformers in China), announced today its initial sales growth and net income forecasts for 2007.

The Company expects to continue its trend of 40% to 45% annual sales growth in 2007, with net income estimated to increase at a rate of 55% to 60% during the same period.

Commenting on the current market, Mr. Li, CEO of Jinpan International stated, "Prices for copper and transformer steel materials are now stable, but we will continue to monitor raw material pricing and other costs to determine if any action is needed.

Mr. Li added, "On other fronts, since we received UL recognition on January 26, 2007, the company's US operations have experienced a significant increase in sales activity. In addition, we have received design and renderings approval for our facility at Wuhan, and construction is scheduled to begin on April 15, 2007. We expect the Wuhan facility to begin production at the outset of 2008."

About Jinpan International Limited

As the premier manufacturer and design of cast coil transformers in China, we plan to become a more global company by gaining market shares in the other regions of the world. In addition, we are looking for areas to provide a more complete package to our customers. We are looking to realizing our goals and to continue delivering the greatest value to our customers.

The information in this announcement may include forward-looking statements. All statements, other than statements of historical facts, which address activities, events or developments that the Company expects or anticipates will or may occur in the future, are forward-looking statements. These statements are subject to risks and uncertainties, which could cause actual results and developments to differ materially from these statements. A complete discussion of these risks and uncertainties is contained in the Company's reports and documents filed from time to time with the Securities and Exchange Commission. 

DATASOURCE: Jinpan International Limited



CONTACT:  Mr. Mark Du of Jinpan International Limited, [phone]



Web site:  http://www.jstusa.net/

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