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Archive for August, 2010

China Auto Logistics Year Over Year Second Quarter Profits Grew 40.44%

Posted by admin at 8:28 AM on Monday, August 16th, 2010

Calg

China Auto Logistics Inc. (the “Company”) (NASDAQ:CALI), one of China’s leading developers of websites for buyers and sellers of imported and domestic automobiles, a top seller in China of imported luxury cars, and a leading provider of auto-related services, announced today continuing strong gains in second quarter and six month results for the period ended June 30, 2010.

As reported by the Company:

  • Revenues in the second quarter of 2010 grew 21.52% to $54,820,581 compared with $45,113,772 in the same period last year;
  • For the first six months of 2010 revenues reached $108,969,853, a gain of 20.76% over revenues of $90,237,786 in the first half of 2009;
  • Net income in the 2010 second quarter grew 40.44% to $1,861,205 or $0.10 per share, compared with $1,325,227, or $0.07 per share, in last year’s second quarter;
  • For the first half of 2010, net income advanced 36.33% to $3,389,651, or $0.19 per share, compared with net income of $2,486,410, or $0.14 per share in the first six months last year.

CALI HUBRead Full Press Release

Kandi Technologies Achieves 80% Year Over Year Increase in Revenues

Posted by admin at 8:21 AM on Monday, August 16th, 2010

Kandi

Kandi Technologies, Corp. (NASDAQ:KNDI), a leading Chinese exporter of recreational vehicles, developer of the “COCO” all electric LSV, and a leader in Electric Vehicle (EV) development in China, announced today substantial year over year advances in revenues and net income for its second quarter and six months ended June 30, 2010.

In the 2010 second quarter:

  • Revenues reached $9,911,884, up 80.8% compared to $5,481,551 in the same period last year;
  • Net income grew 425.1% to $1,188,767 from $226,373 in last year’s second quarter;
  • Non GAAP adjusted net income (excluding non-cash stock option compensation expense) was $1,359,349.

In the first six months of 2010:

  • Revenues grew 91.5% to $18,166,224
  • Net income advanced 383.5% from $(356,525) in the first half last year to $1,010,782;
  • Non GAAP adjusted net income (excluding non-cash stock option compensation expense) was $2,162,832.

Kandi HUBRead Full Story

5 Strong Earnings Releases from China – Energy and Resource Sector

Posted by admin at 7:46 AM on Monday, August 16th, 2010

China Clean Energy Inc (OTC.BB:CCGY)

Ccgy

Second Quarter 2010 Highlights

– Revenue totaled $14.1 million, up 232% from the same period in 2009 and up 31.7% from the first quarter 2010
– Gross profit totaled $2.7 million, up 199% from the same period in 2009 and up 84.3% from the first quarter 2010
– Gross margin was 19.4%, compared to 21.5% in the same period in 2009 and 13.8% in the first quarter 2010
– Operating income was $2.1 million, up 334% from the same period in 2009 and up 117% from the first quarter 2010
– Net income was $1.9 million, or $0,06 per fully-diluted share, compared to a net loss of $0.1 million in the second quarter 2009 and net income of $0.4 million, or $0.01 per fully-diluted share in the first quarter 2010
– Cash and cash equivalents totaled $7.3 million at the end of June 2010, compared to $4.2 million at year-end 2009 and $5.3 million at the end
of March 2010

Full Press Release

China Wind Systems Inc. (NASDAQ:CWS)

Cwsi

Second Quarter 2010 Highlights and Recent Events

– Net revenue increased 39.7% year over year to $19.0 million
– Revenue from the sale of forged products to the wind power and other industries increased 40.5% year over year to $13.8 million, or 72.5% of
net revenues
– Revenue from the sale of forged products exclusively to the wind power industry increased 152.1% year over year to $9.2 million, or 48.4% of
net revenue
– Operating income increased 59.4% year over year to $4.0 million
– Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 46.4% year over year  to $4.7 million
– Net income increased 69.8% to $3.0 million, or $0.12 per diluted share

Full Press Release

China Ritar Power Corp (NASDAQ:CRTP)

Crtp

Second Quarter Highlights

– Revenue increased 57% year-over-year to $33.6 million
– Domestic and international sales accounted for 32% and 68%, respectively, of total revenue
– Gross profit increased 34% year-over-year to $5.5 million
– Net income increased 27% year-over-year to $2.3 million
– Fully diluted earnings per share were $0.10, up from $0.09 in second quarter 2009

Full Press Release

Puda Cola Inc (NYSEAmex:PUDA)

Pudc - header

Second Quarter 2010 Highlights

– Second quarter revenue increased 71.5% year over year to $82.3 million
– Gross profit increased 235.2% year over year to $12.1 million
– Gross margin increased to 14.7% from 7.5% a year ago
– Operating income grew 291.0% year over year to $10.4 million
– Net income rose 400.5% to $8.7 million from $1.7 million in the second quarter of 2009
– Excluding non-cash gains related to the fair value of derivative warrants, adjusted net income rose 295.5% to $7.3 million, or $0.36
per diluted share

Full Press Release

NF Energy Savings Corporation (OTC.BB:NFEC)

Nfes - header

Second Quarter 2010 Highlights

– Revenues increased 38.3% year-over-year to $7.2 million
– Gross profit rose 32.7% year-over-year to $2.0 million, representing a gross margin of 28.0% compared to 29.2% in the year ago period
– Operating income grew 89.3% year-over-year to $1.8 million
– GAAP net income increased 69.4% year-over-year to $1.4 million, representing a net margin of 19.0% compared to 15.5% a year ago
– Net income per diluted share was $0.10 compared to $0.06 in the same period last year

Full Press Release

China TransInfo reports 151% increase in year over year revenues

Posted by admin at 8:08 AM on Friday, August 13th, 2010

Ctfo - header

Second Quarter Financial Highlights

  • Revenue increased 151.1% year-over-year to $24.0 million
  • Gross profit expanded 104.7% year-over-year to $9.6 million; gross margin was 39.9%, up 5.6 percentage points from the first quarter of 2010
  • Operating income grew 60.9% year-over-year to $4.6 million
  • Adjusted net income increased 41.9% year-over-year to $4.1 million, or $0.16 per fully diluted share

Six Months Results

  • Revenue for the six months ended June 30, 2010 increased 204.1% to $48.9 million, as compared to $16.1 million in the same period of 2009. Gross profit expanded 126.3% to $18.1 million from $8.0 million a year ago.
  • Operating income grew 91.6% to $8.2 million from $4.3 million in the first six months of 2009. Net income attributable to the Company increased 26.4% to $5.4 million, or $0.22 per diluted share, as compared to net income of $4.2 million, or $0.19 per diluted share, in the first six months of 2009.
  • Adjusted net income attributable to the Company excluding non-cash expenses increased 43.6% to $6.3 million, or $0.26 per diluted share, as compared to $4.4 million, or $0.20 per fully diluted share, in the first six months of 2009.

About China TransInfo

China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the “Group Company”) and the Group Company’s PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on Geographic Information System (GIS) technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China.

Visit HUB

ChinaSecurities.com Small-Cap Company Feature: Sino Gas International

Posted by admin at 7:58 AM on Friday, August 13th, 2010

http://www.proactiveinvestors.com.au/genera/img/companies/news/china_ball350_4b6f05bc65877.jpg

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

Sino Gas International (OTC.BB:SGAS)

Sgas

The Company, through its indirectly wholly-owned subsidiary, Beijing Zhong Ran Wei Ye Gas Co., Ltd. (“Beijing Gas”), and the subsidiaries of Beijing Gas, is a leading developer of natural gas distribution systems in small and medium size cities in China, as well as a distributor of natural gas to residential, commercial and industrial customers in China. The company owns and operates 39 natural gas distribution systems serving approximately 145,000 residential and seven commercial and industrial customers.

On August 13th, 2010 the announced financial results for the six months ended June 30, 2010.

Check out the full details below!

Read Full Press Release

China Stocks TV Segment

HIGHLIGHTS

– Total revenue increased 4.08% to 12.87 million
– Connection Fees Revenues Increased 16.28% to $4.82 Million
– Gas Sales had a slight decrease of 2.08% to 8.05 Million
– Gross Profit Increased 43.95% to $4.03 Million
– Operating Income Increased 62.66% to $1.84 Million

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

ChinaSecurities.com Small-Cap Company Feature: China Industrial Waste Management

Posted by admin at 7:56 AM on Friday, August 13th, 2010

http://www.proactiveinvestors.com.au/genera/img/companies/news/china_ball350_4b6f05bc65877.jpg

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

China Industrial Waste Management (OTC.BB:CIWT)

Ciwt

China Industrial Waste Management, Inc. is engaged in the collection, treatment, disposal and recycling of industrial wastes principally in Dalian and surrounding areas in Liaoning Province, People’s Republic of China through its 90%-owned subsidiary Dalian Dongtai Industrial Waste Treatment Co., Ltd. (“Dalian Dongtai”) and other indirect subsidiaries. Dalian Dongtai treats, disposes of and/or recycles many types of industrial wastes, and recycled waste products used by customers as raw material to produce chemical and metallurgy products

On August 13th, 2010, the Company announced financial results for the second quarter ended June 30, 2010.

– Revenues increased 100.8% to $4.9 million compared to the second quarter of 2009
– Gross profit increased 93.9% to $3.1 million
– Operating income increased 242.6% to $1.8 million
– Operating margin increased to 37.3% from 21.9%
– Net income increased 178.3% to $1.2 million, or $0.07 per diluted share, compared to $0.4 million, or $0.03 per diluted share for the same
period last year
– Operating cash flow was $0.9 million versus negative cash flow from operations of $1.0 million in the prior year period
– New solid waste treatment facility (“Expansion Project”), which will double existing capacity, is 70% complete and scheduled to open by the
fourth quarter of 2010

Check out the full details below:

Read Full Press Release

Chinese Stocks TV Segment

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

In Brief – Breaking Financial Earnings Reports from China

Posted by admin at 7:27 AM on Thursday, August 12th, 2010

Chln - header

China Housing and Land Development Inc. (NASDAQ:CHLN)

  • Total revenues increased 9.0% to $36.6 million compared to $33.6 million in the first quarter of 2010, and increased 61.1% from $22.7
    million in the second quarter of 2009.
  • Gross profit increased 59.5% to $10.3 million from $6.5 million in the first quarter of 2010 and 43.3% from $7.2 million in the second quarter of 2009.
  • Second quarter 2010 gross profit margin was 28.2% compared to gross profit margin of 19.3% in the 2010 first quarter period and gross profit margin of 31.7% in the second quarter of 2009.
  • Operating income increased 91.7% to $5.7 million from $3.0 million in the first quarter of 2010, and increased 51.6% from $3.8 million in the second quarter of 2009.

Ygyb

Yongye International Inc. (NASDAQ:YONG)

  • Revenue increased 93.2% to $89.4 million from the second quarter of 2009
  • Gross profit increased 105.6% to $50.0 million
  • Gross margin increased 340 basis points to 56.0%
  • Operating income increased 86.8% to $29.8 million
  • Net income attributable to Yongye increased 301.1% to $24.2 million, or $0.54 per diluted share, compared to $6.0 million, or $0.20 per diluted share, in the second quarter of 2009

Hpj

Hong Kong Highpower Technology (NASDAQ:HPJ)

  • Recorded $28.9 million in net sales for second quarter 2010, a 88% increase year-over-year, and 43% increase sequentially;
  • Achieved gross profit of $5.4 million for second quarter 2010, compared to $3.1 million in second quarter 2009;
  • Earned net income of $0.12 per diluted share for second quarter 2010, a 71% increase over the second quarter of 2009;

Heat - header

SmartHeat Inc (NASDAQ:HEAT)

  • Revenues of $22.77 million, up 82% from 2Q09
  • Operating income of $4.00 million, up 31% from 2Q09
  • Net income of $3.39 million up 30% from 2Q09
  • Better than Expected Sales from Heat Exchangers

ChinaSecurities.com Small-Cap Company Feature: LDK Solar

Posted by admin at 8:16 AM on Wednesday, August 11th, 2010

http://www.proactiveinvestors.com.au/genera/img/companies/news/china_ball350_4b6f05bc65877.jpg

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

LDK Solar (NYSE:LDK)

Ldk - header

LDK Solar Co., Ltd.  is a leading vertically integrated manufacturer of photovoltaic (PV) products and the world’s largest producer of multicrystalline wafers. LDK Solar manufactures polysilicon, mono and multi crystalline ingots, wafers, modules, and engages in project development activities in selected segments of the PV market.

On August 10th, 2010, LDK reported its unaudited financial results for the second quarter ended June 30, 2010.

Check out the full details below:

Read Full Press Release

Chinese Stocks TV Segment

HIGHLIGHTS

  • Record quarterly revenue of $565.3 million, an increase of 62.7% sequentially and 147.6% year-over- year;
  • Shipped 510.5 MW of wafers, 73.9 MW of modules in the second quarter;
  • Gross margin for the second quarter of fiscal 2010 was 18.0%;
  • Net income was $45.0 million, or $0.36 per diluted ADS for the second quarter;

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

ChinaSecurities.com Small-Cap Company Feature: Advanced Battery Technologies

Posted by admin at 8:32 AM on Tuesday, August 10th, 2010

http://www.proactiveinvestors.com.au/genera/img/companies/news/china_ball350_4b6f05bc65877.jpg

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations - Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

Advanced Battery Technology (NASDAQ:ABAT)

Abat

Advanced Battery Technologies, Inc. (Nasdaq:ABATNews), founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. The Company’s products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices. ABAT’s batteries combine high-energy chemistry with state-of-the-art polymer technology to overcome many of the shortcomings associated with other types of rechargeable batteries. Early in 2009, the Company acquired Wuxi Angell Autocycle Co. Ltd., an electric vehicle business, and renamed it Wuxi Zhongqiang Autocycle Co., Ltd. (“Wuxi ZQ”). The Company has a New York office, with its executive offices and manufacturing facilities in China.

On August 10th, 2010, the company announced financial results for the second quarter ended June 30, 2010.

Check out the full details below!

Read Full Press Release

China Stocks TV Segment

Second Quarter Financial Highlights

- Revenue increased 65.8% year-over-year to $22.8 million.

- Gross profit increased 74.9% year-over-year to $11.0 million.

- Net income increased 315.0% year-over-year to $12.5 million.

- Earnings per diluted share increased 250.9% year-over-year to $0.18.

- Strong balance sheet with $62.4 million in cash and cash equivalents as of June 30, 2010.

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIESWe’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

4 Companies on the Nasdaq Reporting Strong Top and Bottom Line Earnings Today

Posted by admin at 8:14 AM on Tuesday, August 10th, 2010

Sdth - smallShengdaTech, Inc. (NASDAQ:SDTH) Reports 27.7% Year-over-Year Growth in Net Sales

  • — Net revenue from continuing operations rose 27.7% year-over-year to $33.2 million; Gross margin was 41.0%

– Operating income increased by 21.0% year-over-year to $11.5 million,  with a 34.5% operating margin;

Deer- smallDeer Consumer Products, Inc. (NASDAQ:DEER) Announces Record 2nd Quarter 2010 Financial Results

–Revenues of $34.45 million, an increase of 125% from Q2/09

–Net income of $6.02 million, an increase of 251% from Q2/09

Cvvt-smallChina Valves Technology, Inc. (NASDAQ:CVVT) Announces Record Second Quarter 2010 Results

– Second quarter net revenue reached $49.3 million, up 97.5% year-over-year
– Net income reached $14.3 million, or $0.41 per fully diluted share, up from $0.2 million, or $0.01 per fully diluted share, for the second quarter of 2009

Cski-smallChina Sky One Medical (NASDAQ:CSKI) Announces Second Quarter 2010 Results

– Total revenues increased 26.7% year-over-year to $40.8 million
– Gross profit rose 20.9% to $29.5 million

Abat-small

Advanced Battery Technologies Announces Second Quarter 2010 Financial Results

– Revenue increased 65.8% year-over-year to $22.8 million; Gross profit increased 74.9% year-over-year to $11.0 million.

– Net income increased 315.0% year-over-year to $12.5 million.