预计2005年全年实现的净利润比上年同期将大幅度增长,由亏损变为盈利。现金流得到改善,05年前三季经营活动现金流净额达11.96亿元,较04年同期的-5.89亿元大幅增加;公司的三项费用率有了一定的下降,显示公司费用控制取得成效;应收帐款与存货同比大幅度下降。这表明,经过2005年的 It is estimated that the net profit realized in 2005 will increase substantially from the same period of last year from loss to profit. Cash flow improved. Net cash flow from operating activities in the first three quarters of 2005 reached RMB1,196 million, a sharp increase from RMB589 million for the same period of 2004. The three expense ratios of the Company declined to a certain extent, indicating that the Company’s cost control was effective Accounts receivable and inventories dropped significantly year on year. This shows that after the 2005’s