Decor Products (PINK:DCRD)

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Tuesday, May 22, 2012

Comments & Business Outlook

DÉCOR PRODUCTS INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

AND COMPREHENSIVE INCOME

FOR THE THREE MONTHS ENDED MARCH 31, 2012 AND 2011

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

	Three months ended March 31,
	2012			2011

Revenues, net	$	3,818,908		$	5,037,928

Cost of revenue (inclusive of depreciation)		(2,737,254	)		(3,505,777	)

Gross profit		1,081,654			1,532,151

Operating expenses:
Sales and marketing		(190,663	)		(295,797	)
General and administrative		(163,369	)		(247,494	)
Total operating expenses		(354,032	)		(543,291	)

Income from operations		727,622			988,860

Other income (expense):
Interest income		1,024			314
Interest expense		(187,400	)		(82,027	)

Income before income taxes		541,246			907,147

Income tax expense		(139,891	)		(256,664	)

NET INCOME	$	401,355		$	650,483

Other comprehensive income:
- Foreign currency translation gain		156,116			253,767

COMPREHENSIVE INCOME	$	557,471		$	904,250

Net income per share – Basic	$	0.06		$	0.09
Net income per share – Diluted	$	0.06		$	0.09

Weighted average common share outstanding – Basic		6,866,122			6,866,122
Weighted average common share outstanding – Diluted		6,866,122			6,866,122

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Wednesday, April 18, 2012

Comments & Business Outlook

RESULTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2011 and 2010

The following table sets forth certain consolidated statement of operating data for the periods indicated:

	Years ended December 31,
	2011			2010

Revenues, net	$	19,007,639		$	26,828,833

Cost of revenue (inclusive of depreciation)		(13,346,303	)		(16,681,992	)

Gross profit		5,661,336			10,146,841

Operating expenses:
Sales and marketing		(958,122	)		(1,245,246	)
Professional and consulting fee		(127,080	)		(331,434	)
General and administrative		(537,570	)		(804,237	)
Total operating expenses		(1,622,772	)		(2,380,917	)

Income from operations		4,038,564			7,765,924

Other income (expense):
Interest income		12,464			2,471
Interest expense		(502,359	)		(1,266,716	)
Loss on disposal of plant and equipment		(1,543	)		(1,425	)

Income before income taxes		3,547,126			6,500,254

Income tax expense		(874,341	)		(1,993,328	)

NET INCOME	$	2,672,785		$	4,506,926

Other comprehensive income:
- Foreign currency translation gain		1,679,684			1,246,720

COMPREHENSIVE INCOME	$	4,352,469		$	5,753,646

Net income per share – Basic	$	0.39	$	0.66
Net income per share – Diluted	$	0.39	$	0.66

Weighted average common share outstanding – Basic		6,866,122		6,866,122
Weighted average common share outstanding – Diluted		6,866,122		6,866,122

GeoTeam® Note: 2011 vs. 2010 Fourth quarter adjusted EPS was $0.07 vs. $0.22.

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Sunday, December 11, 2011

CFO Trail

Effective as of November 1, 2011, Tai Chim Lau, and Chak Ming Li resigned as directors of Décor Products International, Inc. (“we,” “us,” “our”) and Wai Fai Law resigned as our chief financial officer. The resignation of each of these individuals was not the result of any disagreement with our company, known to an executive officer of the Company, on any matter relating to the company’s operation, policies (including accounting or financial policies) or practices.

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Monday, December 5, 2011

Comments & Business Outlook

	Three months ended September 30,						Nine months ended September 30,
	2011			2010			2011			2010

Revenues, net	$	4,375,633		$	6,824,543		$	15,219,691		$	19,704,867

Cost of revenue (inclusive of depreciation)		(3,125,362	)		(4,219,836	)		(10,428,645	)		(11,843,787	)

Gross profit		1,250,271			2,604,707			4,791,046			7,861,080

Operating expenses:
Sales and marketing		(306,665	)		(311,541	)		(831,423	)		(917,570	)
General and administrative		(259,213	)		(295,957	)		(729,772	)		(840,278	)
Total operating expenses		(565,878	)		(607,498	)		(1,561,195	)		(1,757,848	)

Income from operations		684,393			1,997,209			3,229,851			6,103,232

Other income (expense):
Interest income		10,864			664			11,970			2,069
Interest expense		(124,985	)		(327,948	)		(323,270	)		(985,749	)

Income before income taxes		570,272			1,669,925			2,918,551			5,119,552

Income tax expense		(147,991	)		(547,428	)		(779,763	)		(1,611,183	)

NET INCOME	$	422,281		$	1,122,497		$	2,138,788		$	3,508,369

Other comprehensive income:
- Foreign currency translation gain		411,932			634,219			1,350,794			790,227

COMPREHENSIVE INCOME	$	834,213		$	1,756,716		$	3,489,582		$	4,298,596

Net income per share – Basic	$	0.06		$	0.16		$	0.31		$	0.51
Net income per share – Diluted	$	0.06		$	0.14		$	0.31		$	0.44

Weighted average common share outstanding – Basic		6,866,122			6,866,122			6,866,122			6,866,122
Weighted average common share outstanding – Diluted		6,866,122			7,914,435			6,866,122			7,914,435

In 2011 and beyond, after the commencement of our new production line for laminated boards which is expected to be completed in the first quarter of 2012, we expect that our net revenues will grow steadily due to our core production shift from the decor paper to laminated board, which we expect to generate higher sales revenues and profits.

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Tuesday, August 23, 2011

Comments & Business Outlook

DÉCOR PRODUCTS INTERNATIONAL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2011 AND 2010

(Currency expressed in United States Dollars (“US$”), except for number of shares)

(Unaudited)

	Three months ended June 30,						Six months ended June 30,
	2011			2010			2011			2010

Revenues, net	$	5,806,130		$	7,611,445		$	10,844,058		$	12,880,324

Cost of revenue (inclusive of depreciation)		(3,797,506	)		(4,442,311	)		(7,303,283	)		(7,623,951	)

Gross profit		2,008,624			3,169,134			3,540,775			5,256,373

Operating expenses:
Sales and marketing		(228,961	)		(321,815	)		(524,758	)		(606,029	)
General and administrative		(223,065	)		(267,481	)		(470,559	)		(544,321	)
Total operating expenses		(452,026	)		(589,296	)		(995,317	)		(1,150,350	)

Income from operations		1,556,598			2,579,838			2,545,458			4,106,023

Other income (expense):
Interest income		792			734			1,106			1,405
Interest expense		(116,258	)		(330,417	)		(198,285	)		(657,801	)

Income before income taxes		1,441,132			2,250,155			2,348,279			3,449,627

Income tax expense		(375,108	)		(670,864	)		(631,772	)		(1,063,755	)

NET INCOME		1,066,024			1,579,291		$	1,716,507		$	2,385,872

Other comprehensive income:
- Foreign currency translation gain		685,095			7,444			938,862			156,008

COMPREHENSIVE INCOME	$	1,751,119		$	1,586,735		$	2,655,369		$	2,541,880

Net income per share – Basic	$	0.16		$	0.23		$	0.25		$	0.35
Net income per share – Diluted	$	0.13		$	0.20		$	0.22		$	0.30

Weighted average common share outstanding – Basic		6,866,122			6,866,122			6,866,122			6,866,122
Weighted average common share outstanding – Diluted		7,914,455			7,914,455			7,914,455			7,914,455

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Friday, December 11, 2009

Liquidity Requirements

We project that we will need additional capital to fund operations over the next 6 months. We anticipate we will need an additional $2,000,000 in 2011.

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