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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (59655)	1/30/2002 2:30:11 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Wednesday January 30, 2:11 PM Great Wall Tech expects lower 2001 profit sg.news.yahoo.com HONG KONG (Reuters) - Chinese computer products maker Great Wall Technology Co Ltd said on Wednesday it expected a fall in its 2001 profit due to a lower contribution from its computer parts subsidiary Shenzhen Kaifa Technology Co Ltd. Shenzhen Kaifa <000021>, which is 55.96 percent owned by the company, may post a more than 50 percent decrease in its 2001 profit, Great Wall said in a statement. It said the decline in profit at Shenzhen Kaifa was caused by lower prices and losses from an investment project. Great Wall was unable to quantify the decrease in profit at this stage but would publish its results before April 30, the statement said. Shares in Great Wall closed at HK$1.59 on Tuesday. They have gained 4.6 percent in the past three months but shed 0.6 percent in the past month.