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JCC Elements DB China

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Share Name Share Symbol Market Type
Elements DB China NYSE:JCC NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Jilin Chemical Industrial Company Limited: Revision Announcement of Preliminary Results for The Period From 1 January 2005 to 30

14/10/2005 3:00pm

PR Newswire (US)


Jilin (NYSE:JCC)
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HONG KONG and JILIN CITY, China, Oct. 14 /Xinhua-PRNewswire/ -- Jilin Chemical Industrial Company Limited (the "Company") (HKSE: 368, NYSE: JCC) may record an unaudited loss of approximately RMB 150 million for the period from 1 January to 30 September 2005. The Company is one of the largest producers of basic chemical and chemical raw materials, and one of the largest diversified chemical enterprises in the PRC. Its primary business comprises the production of petroleum products, petrochemical and organic chemical products, synthetic rubber, chemical fertilizers and other chemical products. Forward-looking Statements: This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward- looking statements by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates", "shall" and similar statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including risks related to: the risk that the PRC economy may not grow at the same rate in future periods as it has in the last several years, or at all, including as a result of the PRC government's macro-economic control measures to curb over-heating; uncertainty as to global economic growth in future periods; the risk that prices of the Company's raw materials, particularly crude oil, will continue to increase; not be able to raise its prices accordingly which would adversely affect the Company's profitability; the risk that new marketing and sales strategies and improvements to various management systems may not be effective; the risk that the Company may not be able to improve its safety or archive its often objectives for 2005; the risk that fluctuations in demand for the Company's products may cause the Company to either over-invest or under-invest in production capacity in its major production categories; the risk that investments in new technologies and development cycles may not produce the benefits anticipated by management; the risk that the trading price of the Company's shares may decrease for a variety of reasons, some of which may be beyond the control of management; competition in the Company's existing and potential markets; and other risks outlined in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update this forward-looking information, except as required under applicable law. For further information, please contact: Jilin Chemical Industrial Company Limited Tel: (86) 432-390 3651 Mr. Li Chunqing Fax: (86) 432-302 8126 E-mail: Fortune China Public Relations Ltd. Tel: (852) 2838 1162 Ms. Nellie Chan Fax: (852) 2834 5109 E-mail: DATASOURCE: Jilin Chemical Industrial Company Limited CONTACT: Mr. Li Chunqing of Jilin Chemical Industrial Company Limited, +86-432-390 3651, Fax: +86-432-302 8126, ; or Ms. Nellie Chan of Fortune China Public Relations Ltd., +852-2838-1162, Fax: +852-2834-5109, Web site: http://www.jcic.com.cn/

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