季度的

Based on our inventory, capacity utilization, as well as changes in earnings growth forecasts, for a cyclical industry, in 2008 Q4 and 2009 are 1,2-quarter inventory digestion a painful process , production dropped to historically low interest rates, profits have been seriously affected, and even loss of the entire industry.

根据我们的库存，产能利用率，以及在收益增长预期的变化，一个周期性的行业，在2008年第四季度和2009年为1，2季度的库存消化一个痛苦的过程，生产下降至历史新低利率，利润受到严重影响，甚至对整个行业的损失。

Property- developers: 1 Mr. REN Zhiqiang, chairman of Huayuan, said recently that developers now sit on 360mn hectors of land, which will lead to 250mn sqm house inventory by 2009 year end, roughly 1/3 of average annual supply. 2 Mr. GU Yunchang, a deputy head of China Real Estate Association , said that 1Q09 sales was from the pent-up demand from 1st house buyers, while people trying to upgrade 1st houses or buy 2nd houses have not stepped in.

华远地产董事长任志强最近称全国开发商手里待开发的土地约有3.6亿公顷，全年房屋库存也会有2.5亿平方米，这意味着全国每年房屋销量的1/3将处于库存状态；2）中国房地产业协会副会长兼秘书长顾云昌称09年第一季度的销售量主要是依靠一手方购买者的刚性需求推动的，而真正购买大的房子以及二套房购买者则比较少。

Property- developers: 1 Mr. REN Zhiqiang, chairman of Huayuan, said recently that developers now sit on 360mn hectors of land, which will lead to 250mn sqm house inventory by 2009 year end, roughly 1/3 of average annual supply. 2 Mr. GU Yunchang, a deputy head of China Real Estate Association , said that 1Q09 sales was from the pent-up demand from 1st house buyers, while people trying to upgrade 1st houses or buy 2nd houses have not stepped in.

华远地产董事长任志强最近称全国开发商手里待开发的土地约有3.6亿公顷，全年房屋库存也会有2.5亿平方米，这意味着全国每年房屋销量的1/3将处于库存状态；2）中国房地产业协会副会长兼秘书长顾云昌称09年第一季度的销售量主要是依靠一手方购买者的阿刚性需求推动的，而真正购买大的房子以及二套房购买者则比较少。

In performing analytical review procedures the most useful and valid results are usually obtained when the analysis is performed at the most detailed level practicable （i.e. analysis of accounts on a monthly, or at least quarterly basis; analyses of sales by product line, etc.）.

在运用分析性复核的过程中，当分析在可行的最详细的层面上展开时，得到的结果也往往是最有用和最有效的（那就是说，分析月帐户，或至少在季度的基础上做分析；以生产线来分析销售等等）。

In performing analytical review procedures the most useful and valid results are usually obtained when the analysis is performed at the most detailed level practicable i.e.

在运用分析性复核的过程中，当分析在可行的最详细的层面上展开时，得到的结果也往往是最有用和最有效的（那就是说，分析月帐户，或至少在季度的基础上做分析；以生产线来分析销售等等）。

Preliminary market with favorable market conditions or expected to be the catalyst, these factors include: the market and boost confidence in the positive effect of the proliferation of four-quarter economic growth and corporate earnings recovery phase, further loosening of macro-policy expectations, and so on.

初步市场有利的市场条件或有望成为催化剂，这些因素包括：市场和促进在四个扩散的积极作用的信心季度的经济增长和企业盈利的复苏阶段，进一步放松宏观调控政策的预期，等等。

From the valuation point of view, the current fourth quarter of the Shanghai market in recent rolling 12.81 times earnings, 1.96 times市净率, the Shenzhen market, nearly four-quarter rolling for 10.86 times earnings, 1.97 times for市净率; and with the end of last year, the Shanghai market and Shenzhen markets static earnings ratio 59.24 times, 60.48 times have been significantly reduced, valuation has been very clear advantages.

从估值角度来看，目前的第四季度，上海市场最近推出12.81倍的市盈率，市净率1.96倍，深圳市场，近四个季度的10.86倍的市盈率，滚动市净率1.97倍；及与去年年底，上海市场和深圳市场的静态收益率59.24倍，60.48倍已大大降低，估值已经非常明显的优势。

Compared with the first quarter of 2007, first quarter 2008 outerwear net sales increased 16% to $69.6 million and accessories and equipment net sales increased 12% to $15.4 million. These increases were partially offset by a decrease of 1% in sportswear net sales to $161.1 million and a decrease in footwear net sales of 3% to $51.3 million.Compared with the first quarter of 2007, first quarter 2008 Columbia brand net sales increased 2% to $267.2 million, Mountain Hardwear brand net sales increased 23% to $21.8 million, and Sorel brand net sales increased 6% to $3.7 million. These increases were partially offset by a 20% decline in Montrail brand net sales to $3.9 million. Net sales of Pacific Trail brand products were insignificant during the first quarter of both years.

与2007年相比，2008年第一季度的服装净销售额为6960万美元，同期相比增长了16%；装备和配件为1540万美元，同期相比增长了12%；而运动服装为1.611亿美元，同期相比下降了1%；鞋类净销售额为5130万美元，下降了3%；Columbia 品牌的净销售额为2.672亿美元，同期相比增长了2%；Mountain Hardwear品牌的净销售额为2180万美元，增长了23%；Sorel的净销售额为370万美元，增长了6%；而Montrail的销售额为390万美元，同期相比下降了20%；Pacific Trail净销售额的增长情况在2007和2008年不是很显著。

Through announcing the outstanding achievement data of Q2 quarter, presiding apparitor holds Yamaxun concurrently Bei Zunsi of father Jeff · all without exception is alluded and face posture compares those those competitive hypostatic retailing shops, giant of this on-line retailing shop can undergo the test that gets slump more, can achieve good outstanding achievement performance below this kind of circumstance even.

通过公布Q2季度的业绩数据，亚马逊首席执行官兼创始人杰夫·贝佐斯无不暗示和那些那些具有竞争力的实体零售店面相比，这家在线的零售店巨人更能经受得住经济萧条的考验，甚至能够在这种情况下获得良好的业绩表现。

In its consolidated financial statements, which includes earnings from Cerro de Pasco and Yauli, which it operates, plus the Paragsha, Chungar, Vinchos subsidiaries, as well as stakes in affiliates, the company said that its sales revenue for the second quarter was $187.6 million, down from $278 million a year earlier.

在公司联合声明中（包括从经营的Cerro de Pasco 和 Yauli矿地，加上Paragsha， Chungar， Vinchos子公司，还有附属的股份），公司称第二季度的销售收入为1.876亿美元，比去年的2.78亿美元减少了。

Do you know, i need you to come back

你知道吗，我需要你回来

Yang yinshu、Wang xiangsheng、Li decang,The first discovery of haemaphysalis conicinna.

1〕 杨银书，王祥生，李德昌。安徽省首次发现嗜群血蜱。