I sent this email to David (IR) and Edmund (CFO) re : CCCL - June presentation on your website David (Edmund), I noticed EPS $0.13 (TTM, excluding asset impairment) on page 4 of your presentation. This is not correct, IMO. I calculated EPS for 2015 as follows - From 20-F Total loss 2015 = RMB 361M Asset impairment = RMB 422M Difference = RMB 61M = USD 9.62M EPS (2015) = 9.62/20.3 = $0.47 I know you are using TTM and I am using FY 2015, but the effect of Q1 couldn't possibly account for the large difference. As a result, the P/E you mention on page 4 is wrong as well. Following the reverse split, EPS is actually 8 x $0.47 = $3.76 So you can see that you are creating the wrong impression, at a time when the share price is seriously depressed already. I would appreciate it if you could update the numbers. Thanks, xxx. Btw, my EPS estimate for 2016 is $4.40/share.