Research - GeoResearch

Thursday, September 2, 2010

China Green Agriculture (CGA)

Analyst Reports
Rodman & Renshaw on CGA: F4Q10 results overview: China Green Agriculture (“China Green”, Ticker: CGA, Market Perform) reported its F4Q10 results that on balance exceeded our expectations. Total revenue grew 54.5% YoY to $16.2 million, beating our estimate of $14.8 million and Street consensus of $15.1 million. The growth was primarily driven by Jinong branded fertilizer products, which grew 61.4%…

Labarge (LB)

Comments & Business Outlook
Fiscal 2010 fourth-quarter net sales grew 27 percent to a record $82,413,000, compared with $64,753,000 in the comparable period a year earlier, and grew 10 percent from $74,735,000 in the fiscal 2010 third quarter. Fiscal 2010 fourth-quarter net earnings grew 85 percent to a record $4,820,000, or $0.30 per diluted share, compared with $2,608,000, or $0.16 per diluted share,…

Wednesday, September 1, 2010

China Carbon Graphite (CHGI)

CFO Trail
On September 1, 2010, Ms. Ting Chen, Chief Financial Officer, informed the Board of Directors of China Carbon Graphite Group, Inc. (the “Company”) that she would resign as the Chief Financial Officer and as a member of the Board of the Company, effective on that date, and the Board of Directors has accepted her resignation. There was no disagreement between Ms. Chen and the Company which led to her resignation…

China Fruits (CHFR)

CFO Trail
On August 31, 2010, the Registrant announced the appointment of Mr. Li, Lin Feng to the position of Chief Financial Officer of the Registrant as approved by the Board of Directors, and effective immediately…

China Green Agriculture (CGA)

Comments & Business Outlook
Fourth Quarter FY2010 Results Total net sales for the three months ended June 30, 2010 were $16.2 million, an increase of 54.5% from $10.5 million for the three months ended June 30, 2009. Net sales of Jinong, which is the division that sells humic acid based compound fertilizers, accounted for 94.2% of total net sales. Gross profit for the fourth quarter of fiscal year 2010 totaled $9.1 million,…

Chinawe.com (CHWE)

CFO Trail
On August 26, 2010, Vivian Chu submitted notice of her resignation as (i) a member of the Board of Directors and (ii) Chief Financial Officer of Chinawe.com Inc. (the “Company”), effective immediately. Ms. Chu has not expressed any disagreement with the Company’s operations, policies or practices. The Company’s Board of Directors elected on August 26, 2010 Alan Wai, Chairman of…

L & L Energy (LLEN)

Conference Call Notes
2011 Fiscal First Quarter: Shunda Mining Company acquisition is taken off the table. During the LLEN's due diligence process, management spotted safety record issues that would have increased business risk. Assured investors that the company is evaluating additional accretive acquisition targets that could help exceed financial guidance; Believes a transaction will be consummated before the end of 2010. Reaffirmed that company guidance does not include acquisitions. Addressed sequential decline in gross margins…

Moqizone Holdings (MOQZ)

Deal Flow
We completed the initial closing of a private equity financing of approximately $247,000 on August 27, 2010 with 2 accredited investors pursuant to a Securities Purchase Agreement. Net proceeds from the offering, are approximately $207,000. Pursuant to the financing, we issued a total of 11 units of our securities at $22,500 per unit. Each Unit consists of (i) an 8% Convertible Note, convertible into shares of the Common Stock, (ii) a…

Yongye Intl (YONG)

Deal Flow
Yongye International, announced that the Company's operating subsidiary, Yongye Nongfeng Biotechnology ("Yongye Nongfeng"), entered into two new revolving credit facilities totaling RMB 400 million (approximately $59 million). GeoTeam® Note: We feel that capital infusion via debt can help establish credibility for a company, as lenders have likely scrutized financial statments…

Tuesday, August 31, 2010

Asia Entertainment & Reso (AERL)

Comments & Business Outlook
Financial Highlights for the Three and Six-months Ended June 30, 2010 Rolling Chip Turnover (a metric used by casinos to measure the aggregate amount of players’ bets and overall volume of VIP gaming room business transacted that is defined below) for the three and six-months ended June 30, 2010 in our 2 VIP gaming rooms in Macau was $2.45 billion and $4.34 billion, respectively, up 194% and 160% year-…

China Gerui Advanced Mate (CHOP)

Comments & Business Outlook
Second Quarter 2010 Summary: Revenue increased 15.5% to $64.0 million compared to the same period last year. Gross profit increased 13.0% to $19.1 million. Gross margin decreased 60 basis points to 29.9%. Net income increased 5.8% to $12.1 million, or $0.26 per diluted share vs. $0.33 per diluted share in the prior year comparable quarter. "Our second quarter…

China Infrastructure Cons (CHNC)

Comments & Business Outlook
Net revenue for the fourth quarter ended May 31, 2010 was $22.34 million as compared to $12.41 million for the same period last year, an increase of 80.05%. The robust increase in net revenue is mainly attributable to good execution of the Company's geographic expansion strategy. The new factories in Xi'an and Shidu started operations during the quarter to meet rising market demand. As a result, the sales volume of concrete products…

China Linen Textile Industry (CTXIF)

Comments & Business Outlook
SUMMARY FINANCIALS First Quarter 2010 Results (unaudited) Q1 2010 Q1 2009 CHANGE Net Sales…

China Power Equipment (CPQQ)

Analyst Reports
Rodman & Renshaw take on CPQQ Investment Thesis We are initiating coverage on China Power Equipment, Inc. (CPQQ.OB) with a Market Outperform/Speculative Risk rating and a price target of $6. China Power Equipment is an emerging market leader in a nascent amorphous transformer sector in China. The company’s energy-saving power distribution transformers and transformer cores improve power grid efficiency by significantly reducing electricity losses. As an early stage entrant into amorphous…

Funtalk China Holdings (FTLK)

Comments & Business Outlook
First Quarter Financial Results: The Company reported consolidated net revenue of $253.0 million for 1Q FY2011, representing a 28.0% increase from the first fiscal quarter of 2010 ("1Q FY2010). Net income attributable to the Company was $9.6 million, or 3.8% of total revenue, for 1Q FY2011, representing a 132.9% increase from $4.1 million, or 2.1% of total revenue for 1Q FY2010…

L & L Energy (LLEN)

Comments & Business Outlook
L & L Energy reported preliminary results for its fiscal 2011 first quarter: Revenues for the first quarter increased approximately 336% to $55.3 million, compared with revenues of $12.7 million in the same period a year ago. Gross profit for the first quarter increased to $18.6 million, up approximately 207% compared with $6.1 millionin the same period a year ago. Net income increased approximately 306% year-over-…

Liandi Clean Tech (LNDT)

Legal Insights
Annual Inspection:In accordance with relevant PRC laws, all types of enterprises incorporated under the PRC laws are required to conduct annual inspections with the State Administration for Industry and Commerce of PRC or its local branches. In addition, foreign-invested enterprises are also subject to annual inspections conducted by PRC government authorities. In order to reduce enterprises’ burden of submitting inspection documentation to different government authorities, the Measures on Implementing Joint Annual Inspection issued by the PRC Ministry of Commerce together…

Noah Edu Holding Ltd Ads (NED)

Comments & Business Outlook
Fourth Quarter Fiscal 2010 Financial Highlights: Net revenue for the quarter decreased by 71.9% to RMB33.5 million (US$4.9 million), compared with RMB119.1 million in the fourth quarter of fiscal 2009. Net loss was RMB83.5 million (US$12.3 million), compared with net income of RMB17.9 million in the fourth quarter of fiscal 2009. Basic and diluted loss per share were RMB2.19 (US$0.32) and…

One Bio (ONBI)

Liquidity Requirements
One Bio strategy: As discussed elsewhere in this document, the Company has implemented a two pronged strategy, which is: to encourage and support organic expansion within the enterprises it acquires and utilize synergies and economies of scale between the entities; and to identify and acquire accretive acquisition targets. To be successful, each strategy requires adequate funding from available liquidity resources. Accordingly, ONE has determined that its organic expansion strategy…

Origin Agritech Ltd (SEED)

Comments & Business Outlook
During the third quarter of fiscal 2010 the Company generated: Revenues of RMB 462.23 million (US$68.07 million), a decrease of 3.13% from RMB 477.17 million (US$69.84 million) generated in the three months ended June 30, 2009. Operating profit for the third quarter of 2010 amounted to RMB153.36million (US$22.58 million) compared with an operating profit of RMB118.95 million (US$17.41 million)…

Sino Oriental (SMPN)

Reverse Merger Activity
On August 20, 2010 Sino Oriental became a public entity via a reverse merger transaction. Concurrent Private placement: On August 20, 2010, under the terms of the Securities Purchase Agreement, we sold 1,939,407 units, each consisting of one share of our common stock and a warrant to purchase one-fifth of a share of our common stock, to certain institutional investors for a total of $15.3 million. Company Snapshot: Green and…

Financial Target Agreements
In connection with the Securities Purchase Agreement, the Majority Shareholder entered into a make good escrow agreement (the "Make Good Escrow Agreement") pursuant to which he pledged to the investors that invested under the terms of the Securities Purchase Agreement, 1,939,407 shares of our common stock owned by the Majority Shareholder. The shares will be released from the pledge if we meet certain operating milestones contained in the Make Good Escrow Agreement. If we fail to meet the operating milestones,…

Investor involvement
Investors who participated in the reverse merger >…

Wowjoint Holdings (BWOW)

Comments & Business Outlook
Second-quarter Ended June 30, 2010: Revenues for the Company's second quarter ended June 30, 2010 were $2.6 million as compared to $1.7 million in the first quarter of 2010, and $8.4 million in the three month period ended June 30, 2009. "he year-over-year decline in revenue is primarily attributable to a reduction in government spending beginning in late 2009 on large infrastructure projects, resulting in a significant…

Monday, August 30, 2010

China Energy Corp (CHGY)

Investor Alert
China Energy Corporation (the “Company”) is a Nevada corporation, formed on October 11, 2002 under the name Omega Project Consultations, Inc. The name was changed to China Energy Corporation on November 3, 2004. On November 30, 2004, the Company entered into a share exchange agreement with Inner Mongolia Tehong Coal Group Co., Ltd. (“Coal Group”), and Inner Mongolia Zhunger Heat…

Soko Fitness & Spa (SOKF)

Comments & Business Outlook
2010 Fiscal Fourth Quarter Financial Highlights: Fourth quarter 2010 revenue totaled $8.0 million, an increase of 40% over $5.6 million in the fourth quarter of 2009. Gross profit increased to $5.2 million, or 65% of revenue for the quarter, compared with $3.8 million, or 68% of revenue in the fourth quarter of 2009. Operating income was $2.0 million, a 5%…

Friday, August 27, 2010

NN inc (NNBR)

Research
Earlier today, we began tracking NNBR due to: Bullish commentary in its financial press release issued on August 11, 2010. "For the second half of the year, we are forecasting continued strong customer demand for our products. Traditionally, in terms of revenues, our third quarter is our weakest quarter due to seasonality factors. Historically, our third quarter has been down sequentially versus the second quarter in a range of 8% to 10%…

Thursday, August 26, 2010

A-Power En General Systems (APWR)

Comments & Business Outlook
"GAAP net income attributable to A-Power in the 2010 second quarter increased 86.3% to $11.6 million, or $0.25 per diluted share, from $6.3 million, or $0.14 per diluted share in the prior year period. Non-GAAP net income, declined to $1.1 million from $4.7 million in prior year period." Non-GAAP EPS works to about $0.02 vs. $0.13…

China Shuangji Cement (CSGJ)

Investor Alert
China Shuangji Cement, Ltd. announced today that one of its 4 cement plants, the Dongfang facility on Hainan Island, is on a recently published list of more than 2,000 production lines across China that the Ministry of Industry and Information Technology (MIIT)* wants to phase out due to concerns about outmoded production methods. China Shuangji is working closely with the government to keep the plant open and potentially expand production in this fast growing resort area. According…

Wednesday, August 25, 2010

Skypeople Fruit Juice (SPU)

Research
Skypeople Fruit Juice may have surprised investors the morning with the announcement of a public offering of stock of about five million shares, priced at $5.00. The offering will result in about 25.0% dilution. Those who follow this story knew this event was coming at some point. But commentary in its 2010 second quarter 10Q implied that the company would use internally generated funds until markets stabilized. You be the judge. Have markets stabilized?…

Tuesday, August 24, 2010

Skypeople Fruit Juice (SPU)

Liquidity Requirements
Excerpt from 2010 Second Quarter filing: In the second quarter of 2010, we filed a registration statement to register for the sale of 5,300,000 shares of our Common Stock. We intend to use the net proceeds from the offering primarily for capital expenditure purposes. Our capital expenditures for 2010 and 2011 are expected to be approximately $62 million, which includes a Beverage production line. 50 ton/hour concentrated apple juice production line…

Trina Solar Adr (TSL)

Comments & Business Outlook
Second Quarter 2010 Financial and Operating Highlights:Second Quarter 2010 Financial and Operating Highlights:-- Solar module shipments were approximately 223 MW, compared to the Company's previous guidance of 200 MW to 205 MW, representing an increase of 15.7% sequentially and 248.7% year-over-year-- Net revenues were $370.8 million, an increase of 10.1% sequentially and 147.2% year-over-year-- Gross margin was 32.1%, above the Company'…

Weikang Bio-Tech Group (WKBT)

Conference Call Notes
The GeoTeam® listened to the WKBT 2010 second quarter conference call to determine if the company could meet its full year $17 million make good target despite a weak quarterly performance, resulting from "harsh weather, which disrupted business operations and impacted our sales." Operations are back to normal and normal rate of growth is intact. Weather disruption should not result in a loss of customers. Acquisition strategy will be employed as…

Zst Digital Networks (ZSTN)

Comments & Business Outlook
ZST Digital Networks, Inc. announced that its Board of Directors has authorized the Company to repurchase outstanding shares of the Company's common stock in an amount not to exceed $1 millionin open market purchases, with block trades being permitted, from time to time in the discretion of the Company's management and as market conditions allow. Mr. Bo Zhong, Chairman and Chief Executive Officer of ZST, commented, "The Board's authorization of the share repurchase program reflects…

Monday, August 23, 2010

Biostar Pharmaceuticals (BSPM)

Comments & Business Outlook
Financial results of the second quarter ended June 30, 2010. Revenue increased 46.4% to $19.4 million. 2010 Non-GAAP adjusted net income increased 50.9% to $5.8 million. Adjusted EPS of $0.21 vs. $0.16. "We are pleased to report another quarter of strong revenue growth, which benefited from the 42% growth in sales of our flagship product. We are seeing dividends from the…

China America Holdings (CAAH)

Comments & Business Outlook
Financial results for the third quarter: Revenue Reaches $14 million in 3rd Quarter of Fiscal 2010, Up 71.3% from the $8.2 Million Recorded in the Three Month Period Ended June 30, 2009. Operating Income Climbs to $368,000, Up 100% from the $184,000 Recorded in the Three Month Period Ended June 30, 2009. We recorded a net income of $38,000 for the third quarter of…

China Environmental (CNVP)

Research
During the three months ended June 30, 2010, we reported Revenues of $15.8 million as compared to $8.24 million for the three months ended June 30, 2009, an increase of $7.58 million, or 92.01%. Net income of $3,124,408 for the three months ended June 30, 2010, as compared with $1,804,6352 during the three months ended June 30, 2009…

China Fruits (CHFR)

Comments & Business Outlook
China Fruits still unable to post a profit.. We had sales of $147,951 and $927,192 for the three and six months ended June 30, 2010, respectively, compared to sales of $294,887 and $850,984 for the comparative periods ended June 30, 2009, respectively. The sales decreased by $146,936, or approximately 50% during the three months ended June 30, 2010, compared to the same period ended…

China Marketng Media (CMKM)

Comments & Business Outlook
Second Quarter Financial Highlights: Revenues grew 60.5% year over year from approximately $5.5 million to $8.8 million. Net income of $938,478 for the second quarter of 2010, an increase of 372% from the same period of last year. Fully diluted earnings per share ("EPS") were $0.03 for the second quarter of 2010 vs. $0.01. First…

China Organic Agricltr (CNOA)

Comments & Business Outlook
2010 Second Quarter Key Financial Items Revenue of $31.3 million represents an increase from $30.0 million in the second quarter of 2009. Gross profit was $8.2 million, compared to $6.9 million in the second quarter of 2009. Net income attributable to CNOA shareholders in the second quarter of 2010 was $2.80 million. Fully diluted earnings per share in the second quarter of 2010 were $0…

China Shuangji Cement (CSGJ)

Comments & Business Outlook
Second Quarter 2010 Highlights Total revenue increased 11.5% to $15.3 million from $13.7 million a year ago. Gross profit increased 14.0% to $2.4 million from $2.1 million a year ago. Operating income rose 7.9% to $1.7 million from $1.6 million a year ago. Net income rose to $1.14 million compared to $1.13 million a year…

China Yida Holdings (CNYD)

Comments & Business Outlook
Second Quarter 2010 results: Total net revenue increased by 27.0% to $16.4 million, compared with $12.9 million in the second quarter of 2009. Net revenue from the media business grew 18.2% to $9.3 million, compared with $7.9 million in the same period of last year. Advertising revenue from FETV during the second quarter of 2010 was $7.9 million, approximately the same level as…

China Yongxin Pharmaceuticals (CYXN)

Comments & Business Outlook
Financial results for the second quarter ending June 30, 2010. Revenues for the second quarter of 2010 were $11.16 million, a 21.8 % increase from $9.16 million for the same quarter in the prior year. Revenues from its wholesale segment were $7.62 million, an increase of 27.4% over $5.98 million in the same quarter of the prior year. Revenues from the retail segment…

Cninsure Adr (CISG)

Comments & Business Outlook
Highlights for Second Quarter 2010: Total net revenues: RMB365.8 million (US$53.9 million), representing an increase of 28.1% from the corresponding period of 2009. Net income attributable to the Company's shareholders: RMB118.6 million (US$17.5 million), representing an increase of 40.2% from the corresponding period of 2009, which exceeded the previous guidance of approximately 35% year-over-year growth. Basic and diluted…

Deyu Agriculture (ECBI)

Up-Listing Watch
BEIJING, Aug. 23 /PRNewswire- -- Deyu Agriculture Corp. (OTC Bulletin Board: ECBI) ("Deyu Agriculture" or the "Company"), an emerging, vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and various grains, today announced the appointment of three new independent directors, which increases the total number of directors to five. The Company also appointed a Chief Scientist. Deyu Agriculture appointed…

Exceed Co (EDS)

Comments & Business Outlook
Third Quarter Fiscal 2010 Guidance Exceed expects to generate net revenues in the range of RMB795 million to RMB815 million in the third quarter of 2010, representing an approximately 20% to 23% year-over-year increase compared with RMB661.7 million in the same period of 2009. During the last several years, autumn in China has been relatively hot and short as a result of global warming. Retailers have tended to order more summer products and fewer autumn products. The Company…

Focus Media Holding Adr (FMCN)

Comments & Business Outlook
Highlights for Second Quarter 2010: Total net revenue for the second quarter of 2010 was $158.2 million, representing an increase of 27% from $124.9 million for the first quarter of 2010 and an increase of 22% from $129.5 million for the second quarter of 2009. Non-GAAP net income attributable to Focus Media for the second quarter of 2010 was $44.3 million, also exceeding the mid-point of Company's guidance range…

Lgl Group (LGL)

Comments & Business Outlook
2010 second quarter highlights: Total revenues for the three-month period ended June 30, 2010 were approximately $12,535,000, an increase of 73.2% from the comparable period in 2009. Net income for the three-month period ended June 30, 2010 was approximately $2,177,000, compared with a net loss of approximately ($937,000) for the comparable period in 2009. Basic and diluted earnings per share was $0…

Sunway Global (SUWG)

Comments & Business Outlook
In the three months ended June 30, 2010, the Company’s net revenues, gross profit and operating income grew substantially as compared with the same period in the same period of 2009. Excluding changes in fair value of warrants net income increased during these periods. These increases are primarily attributable to a result of more effective sales and marketing effort. Net revenue was $5,451,337, an increase of 99.34% as compared with net revenue…

Sunday, August 22, 2010

Amtech Systems (ASYS)

GeoSpecial Notes
Excerpt from article on August 16, 2010. ASYS is engaged in the manufacture of several items of capital equipment used by customers in the manufacture of semiconductors. ASYS handily exceeded fiscal 2010 3rd EPS qtr estimates $0.28 when it reported EPS of $0.42, reversing a prior year loss and easily surpassing its three year high of $0.17 reported in the 4th quarter of 2007! Revenues increased 243.8% to $43.0 million,…

Ata Adr (ATAI)

Comments & Business Outlook
First Quarter 2011 Highlights: Total net revenues increased by 6.6% year-over-year to RMB 85.0 million (US$ 12.5 million). Gross profit decreased by 1.7% year-over-year to RMB 43.8 million (US$ 6.5 million), mainly due to a decrease in the average price of exams delivered for the China Banking Association. Income from operations decreased by 27.9% year-over-year to RMB…

China Hgs Real Estate Inc (CAHS)

Comments & Business Outlook
Third Quarter Fiscal Year 2010 Highlights Revenue increased to $7.7 million, up from $0.3 million a year ago. Gross profit was $3.7 million with gross margin of 47.7%. Net income totaled $3.2 million vs. (107,349), or $0.07 per diluted share vs. $0.00. "During the third quarter of fiscal year 2010, market demand for residential properties in…

China Recycling Energy (CREG)

Comments & Business Outlook
For the quarter ended June 30, 2010: Revenues grew 102% to $22.54 million for the quarter ended June 30, 2010 from $11.14 million for the quarter ended June 30, 2009. Income from operations grew 140% to $9.06 million for the quarter ended June 30, 2010 from $3.83 million for the quarter ended June 30, 2009. Net income grew to $5.04 million for the quarter…

China Ruitai Intl Holdings (CRUI)

Comments & Business Outlook
Second Quarter 2010 Results 2Q 2010 2Q 2009 CHANGE Net Sales $11.2 million $ 8.4 million…

Ctrip.com Intl Ltd Ads (CTRP)

Comments & Business Outlook
Highlights for the Second Quarter of 2010: Net revenues were RMB695 million (US$103 million) for the second quarter of 2010, up 46% year-on-year. Gross margin was 78% for the second quarter of 2010, compared to 77% in the same period in 2009. Income from operations was RMB257 million (US$38 million) for the second quarter of 2010, up 57% year-on-year. Excluding share-…

Emerald Dairy Inc (EMDY)

Comments & Business Outlook
Second Quarter 2010 Results Total revenue for the second quarter of 2010 ended June 30, 2010 was $13.3 million, up 29.9% from $10.2 million. GAAP net income for the second quarter of 2010 was $1.3 million, an increase of 1.6%. Earnings per share in both quarters were $0.04 per diluted share. Adjusted net income excluding the non-cash value of stock options was $2.1…

Giant Interactive Group Ads (GA)

Comments & Business Outlook
Second Quarter Fiscal 2010 Unaudited Financial Results: Net revenue for the second quarter 2010 was RMB321.7 million (US$47.4 million), representing a 5.7% increase from RMB304.4 million in the first quarter 2010 and an 11.7% decrease from RMB364.1 million in the second quarter 2009. Non-GAAP EPS was $0.12 vs $0.12. Third Quarter 2010 Guidance -- For the third quarter 2010, the Company expects…

Himax Technologies Adr (HIMX)

Comments & Business Outlook
For the second quarter of 2010: Net revenues of $187.7 million, representing a 1.5% increase from $184.9 million in the second quarter of 2009, and a 7.0% increase from $175.5 million in the first quarter of 2010. Gross margin was 20.4% in the second quarter of 2010, down 40 basis points year-over-year, and up 60 basis points, sequentially. Operating income in…

Keyuan Petrochemicals (KYNP)

Comments & Business Outlook
Second Quarter 2010 Financial Results: Revenue totaled $132.0 million. The Company had no revenue in the quarter ended June 30, 2009, having commenced production in October 2009. Net income was $4.9 million vs. a loss of (841,408). EPS was $0.11. "Our performance during the second quarter of 2010 reflects continued strong demand for our products," stated Mr. Chunfeng Tao, founder,…

Longtop Financial Tech Adr (LFT)

Comments & Business Outlook
Total revenues for the quarter ended June 30, 2010, were US$48.9 million, an increase of 71.6% year-on-year (YoY) from US$28.5 million. Adjusted Net Income for the quarter ended June 30, 2010, of US$17.9 million or US$0.31 per fully diluted share represented an increase of 67.3% YoY as compared to Adjusted Net Income of US$10.7 million in the corresponding year ago period, and exceeded Company…

Mindray Medical Intl Adr (MR)

Comments & Business Outlook
Mindray reported net revenues of $179.2 millionfor the second quarter of 2010, a 12.0% increase from $160.1 millionin the second quarter of 2009. Net income increased 28.1% year-over-year to $42.3 million from $33.0 million in the second quarter of 2009. Non-GAAP net income increased 21.3% year-over-year to $45.9 million from $37.8 million in the second quarter of 2009…

Nanometrics (NANO)

Conference Call Notes
Excerpt from article on August 16, 2010. NANO's high-performance process control metrology systems are used primarily in the fabrication of semiconductors, high-brightness LEDs, data storage devices and solar photovoltaics.With 2010 second quarter non-GAAP EPS of $0.60, NANO crushed analyst EPS estimates of $0.27, when it reported its best quarter in 35 years and fifth quarter of sequential margin improvement. This was Nanometric's first $50 million quarter, exceeding its prior…

Rodobo Intl (RDBO)

Comments & Business Outlook
Third Quarter 2010 Highlights: Revenue was $19.1 million, up 86.5% from $10.3 million in 3Q09. Gross profit was $7.3 million, up 25.6% from $5.8 million in 3Q09. Net income was $2.7 million, up 32.8% from $2 million in 3Q09. Earnings per diluted share was down to $0.10 from $0.13 in 3Q09. Closed with…

Shengda (SDTH)

Comments & Business Outlook
2010 Second Quarter Highlights: Net revenues increased by 27.7% to $33.2 million from $26.0 million. Net income from continuing operations in the second quarter of 2010 increased to $7.1 million compared with $6.6 million in the same period last year. Fully diluted earnings per share from continuing operations for the second quarter of 2010 were $0.13, compared with fully diluted earnings from continuing operations per share of…

Sino Gas Intl (SGAS)

Comments & Business Outlook
2010 Second quarter via filing: Net revenues were $5,916,218, representing a decrease of 19.31% from the same period of last year. The decreases in our net revenues for the three months ended June 30 were due to the following factors: Decrease of gas sales. Gas sales to residential users continued to grow. However, that increase could not offset the decrease of sales to industrial users. There were…

Skystar Bio-Pharma Co (SKBI)

Comments & Business Outlook
Second Quarter 2010 Highlights Revenue increases 33% YoY to $8.3 million Veterinary vaccines totaled $0.4 million, up 21% YoY Veterinary medicines totaled $5.5 million, up 41% YoY Feed additives totaled $0.4 million, up 31% YoY Micro-organism products totaled $2.0 million, up 14% YoY Gross margin of 53% for the second quarter of fiscal 2010 as compared…

Tec Tech (HGHN)

Comments & Business Outlook
Second-Quarter 2010 Highlights Revenue increased 99.5% to $9.4 million in the second quarter of 2010 as compared to $4.7 million in the second quarter of 2009. Gross profit increased 72.0% to $3.0 million in the second quarter of 2010 from $1.7 million in the second quarter of 2009. Operating income increased 37.3% to $2.1 million in the second quarter of 2010…

Vanceinfo Technologies Adr (VIT)

Comments & Business Outlook
Second Quarter 2010 Financial and Operating Highlights: Net revenues in the second quarter of 2010 increased to $51.8 million, up 49.8% from $34.6 million in the second quarter of 2009. Operating income in the second quarter of 2010 was $8.3 million, up 54.3% from $5.4 million in the second quarter of 2009. Operating margin was 16.1% in the second quarter of 2010, up from 15…

Weikang Bio-Tech Group (WKBT)

Comments & Business Outlook
Second Quarter Highlights Revenue for the second quarter of 2010 was $10.5 million, down 20.5% from revenue of $13.2 million. Gross profit was $6.1 million with gross margin of 58.3%. Net income was $1.9 million in the second quarter of 2010, down 42.5% from $3.3 million, with fully diluted earnings per share of $0.07 vs $0.13. Non-…

Wsp Holdings Ltd Adr (WH)

Comments & Business Outlook
WSP Holdings reported higher revenues of $134.1 million in the second quarter of 2010 compared to $60.9 million in the previous quarter due to increases in both domestic and international sales. Domestic sales and international sales accounted for 62.8% and 37.2%, respectively, of total revenues for the second quarter of 2010. Loss from operations was $5.8 million, compared to income from operations of $14.0 million in the second quarter of 2009 and…

Xinyinhai Tech Ltd (XNYH)

Financials
2010 second quarter business conditions have not changed since the first quarter filing…

Yayi Intl (YYIN)

Comments & Business Outlook
Fiscal 2011 First Quarter Highlights Net sales increased 65.5% to $7.6 million from $4.5 million for the three months ended March 31, 2010. Gross margin improved 80 basis points to 64.8% from 64.0% for the three months ended March 31, 2010. The Company reported net income of $0.03 million, or $0.001 per diluted share, compared to…

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