<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONTAINED IN THE COMPANY'S QUARTERLY REPORT ON FORM 10-QSB FOR THE QUARTERLY PERIOD ENDED JUNE 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <CURRENCY> CHINESE RENMINBI <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <EXCHANGE-RATE> .12019 <CASH> 7,762 <SECURITIES> 0 <RECEIVABLES> 72,115 <ALLOWANCES> 0 <INVENTORY> 56,144 <CURRENT-ASSETS> 185,159 <PP&E> 145,332 <DEPRECIATION> 17,070 <TOTAL-ASSETS> 410,110 <CURRENT-LIABILITIES> 198,248 <BONDS> 15,818 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 48 <OTHER-SE> 136,355 <TOTAL-LIABILITY-AND-EQUITY> 410,110 <SALES> 82,978 <TOTAL-REVENUES> 82,978 <CGS> 66,457 <TOTAL-COSTS> 66,457 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,914 <INCOME-PRETAX> 3,673 <INCOME-TAX> 1,000 <INCOME-CONTINUING> 3,444 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,444 <EPS-PRIMARY> .59 <EPS-DILUTED> 0