Little Swan in 2009 will reach 200 million forecasted net profit of 400%.

<p> Little Swan (000418.SZ) today announced net profit rose 400% to 450% of the 2009 results notice. .Little Swan in 2009 net profit will reach 2 billion to 2.2 billion, compared to 40.03 million yuan in 2008, an increase of 4 times a full turn. .</ P> <P> <P> <p> Little Swan, the Board said that the substantial growth in net profit in 2009 because, first, the company optimize the product structure, coupled with raw material prices and other factors, the profitability of the company main business .significant increase; second in 2008, the company handling the payment of compensation of labor relations staff of over 6,000 million, while no such large expenditures during the year 2009; third of the company, "the city back into the garden" full recovery of the relocation compensation payments, increased .a one-time gains. .</ P> <p> fact, reverted to the Rongshida washing machine business unit of Little Swan, 2010, performance is also very exciting. .Last December 23, Midea (000527.SZ) signed an agreement with Little Swan, Midea intends to directly hold the Hefei Rongshida Laundry Equipment Manufacturing Co., Ltd. $ 94,145,000 shares, or laundry facilities Rongshida .69.47% of the shares sold to Little Swan, and the subscription price of the underlying assets of the electrical Little Swan to the United States A non-public offering of shares; the trading price of the underlying assets 7.32 billion, Little Swan are required to subscribe for the underlying assets of the U.S. electrical .8,483.2 million shares issued. .</ P> <p> Little Swan said that this transaction will help to achieve strategic objectives, integration of business and solve the problem with the competition. .</ P>.