Company Profile For China Grentech Corp Ltd

China GrenTech Corporation Limited is principally engaged in the manufacture and sale of wireless coverage products and services in the People's Republic of China (PRC). The Company derives substantially all of its revenues from China United Telecommunications Corporation and its affiliates (the China Unicom Group), China Mobile Communications Corporation and its affiliates (the China Mobile Group) and China Telecom Corporation Limited, and its affiliates (the China Telecom Group). In December 2008, the Company divested its two wholly owned subsidiaries in Quanzhou Lake Communication Company Limited (Lake Communication) and Quanzhou Lake Microwave Company Limited (Lake Microwave).

BRIEF: For the six months ended 30 June 2009, China GrenTech Corporation Limited's revenues totaled RMB708.5M up from RMB257.7M. Net income totaled RMB19.6M vs. a loss of RMB58.6M. Revenues reflect higher income from Wireless Coverage products & services. Net income also reflects a decrease in research & development expenses, an increase in interest income, increased gross profit and a decrease in foreign currency exchange loss.