---2008 China International Technology Seminar

The 2008 CIAPE-SAE International Technology Seminar, hosted by SAE-International, will be held at the China International Exhibition Center (New Venue) on November 12, 2008 concurrent with China International Auto Parts Expo (CIAPE). The top automobile panelists will bring new perspectives and thoughts of international automotive technologies.

It is necessary for China's automotive industry to communicate and cooperate with international peers on automobile and auto parts technologies for its healthy development. During his visit in June to Ministry of Commerce of China, Doctor Tom Ryan, President of SAE International, has decided that SAE International will hold a high-level international technology seminar concurrent with CIAPE annually.

 

After careful preparation, the Technology Seminar titled with Executive Powertrain Panel, has already invited Mr. Gerhard Braun, Chairman of Board of FEV, Ms. Anna Chen, Manager of AVL, Bruce D. Peters, Chief Engineer of Advanced Powertrain and Technology Planning Product Engineering of GM Powertrain - Asia Pacific, Mr. Jun Shen, Roland Berger Strategy Consultants Partner, and leadership of SAE International to deliver speeches. During the seminar, experts will communicate with the audience and answer questions raised from them.

 

The seminar will attract about 200 attendees including technique and managerial personnels from research institute, schools and enterprises that are automotive industry related. You are more than welcomed to participate.

 

4. Nanshan Aluminium: price fall overshadows profit

Q3 sales income of Nanshan Aluminium increased 59.15% year-on-year, while profit down 60.2%, net profit of parent company down 50%, realized EPS0.10 yuan, EPS0.46 yuan from January to September, lower than expected.

 

Fall of prices affect the profit of the company. During the reported period, price of electrolytic aluminium fell 20.1%, price of alumina fell from 3400 to 2900 yuan, which contributed to the balance of sales income of the company in Q3. however, net profit down from 19.1% in Q2 to 17.56%, which reduced sales profit by 45 million yuan.

 

Price fall of electrolytic aluminium and alumina pressed the prices of aluminium products.

 

It is predicted that constrained global mobility in Q4 would prolong the downtrend of base metals include electrolytic aluminium, shadowing a negative effect over the profit of the company.