-- Fiscal 2009 Performance is Expected to Exceed Previous Guidance
JINZHOU CITY, China, Jan. 28 /PRNewswire-Asia/ -- Wonder Auto Technology, Inc. (Nasdaq: WATG) ("Wonder Auto" or the "Company"), a leading manufacturer of automotive electric parts, suspension products and engine components in China, today announced that it will host a conference call to present its financial results and announce earning call for the year ended December 31, 2009 on Thursday, February 11, 2010, at 8:00 a.m. U.S. Eastern Time, or 9:00 p.m. Beijing Time.
There will be a question and answer session after the presentation. Mr. Qingjie Zhao (Chairman & CEO), Mr. Ryan Yuan (CFO) and Mr. Patrick Sun (Investor Relations Manager) will be the primary speakers.
Based on current information, the Company expects its full year 2009 financial results to exceed its previous guidance of US $208 million in sales revenue and US $23 million in net income. Mr. Zhao, CEO of Wonder Auto commented that, "Along with the exciting performance of 2009, at the moment, the subsidiaries of the Company are expanding their capacity and upgrading manufacturing processes in order to fulfill the increasing customer demand. Therefore, the Company remains positive on its market outlook for 2010 and expects a better performance for its first quarter 2010."
To participate, please call the following numbers five minutes prior to the start of the call.
International Toll Free Dial-in Number(s):
Phone number: +1 8662421388 (United States)
Phone number: +852 800968831 (Hong Kong)
Phone number: +86 10 8002640084 (China, China Telecom)
Phone number: +86 10 8006400084 (China, NetCom Users)
Phone number: +44 08082347860 (United Kingdom)
Conference ID: 54026566
Investors can also listen to the conference call in real time by visiting http://www.watg.cn , To access the listen-only audio webcast, visit the Wonder Auto website at http://www.watg.cn , and select the webcast link from the home page.
About Wonder Auto
Based in Jinzhou City, Liaoning, China, Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine components. Wonder Auto ranked second and third in sales revenue in the Chinese market for automobile alternators and starters in 2008, respectively. Wonder Auto's products are used in a wide range of passenger and commercial automobiles with special focus on the fast-growing small- to medium-engine passenger vehicle market. For more information, please log on http://www.watg.cn .
Safe Harbor Statement
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected 2009 financial results, our expected financial performance in 2010 and future strategic and operational plans, our future operating results, our expectations regarding the market for our products, our expectations regarding the continued growth of the automobile market, as well as all assumptions, expectations, predictions, intentions or beliefs about our relative strength and about future events. Forward-looking statements can be identified by the use of forward-looking terminology such as "will," "believe," "expect," "may," "should," "potential," "continue," "anticipate," "future," "intend," "plan," "believe," "is/are likely to," "estimate" or similar expressions. Such information is based upon assumptions and expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions and expectations are inherently subject to uncertainties and contingencies beyond our control and based upon premises with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release, except as required under applicable law. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC"), and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system at http://www.sec.gov . All information provided in this press release and in the attachments is as of the date of this press release.
For more information, please contact:
Patrick Sun
Investor Relations Manager
Tel: +86-10-8478-5339
Cell: +86-153-1161-1742
Email: ir@watg.cn
