Shenzhen Development Bank Co., Ltd. announced that the Company is likely to experience a net profit increase within the range of 100% to 120% for the first three quarters of fiscal 2007, a period ended September 30, 2007, as compared to the previous year's net profit of RMB 890,295,600 during the same period. Under the new accounting standards, the Company expects a net profit within the range of RMB 1,781,000,000 and RMB 1,959,000,000 for the first three quarters of fiscal 2007. The Company reported a net profit of RMB 972 million (according to new accounting standards) for the first three quarters of fiscal 2006. The Company cited growth in deposits and loans, increased revenue in its intermediary businesses, enhanced quality in its assets as well as fall in its effective tax rate as reasons for the forecast.