Client News

Yongye Biotechnology Announces Fourth Quarter and Record Full Year 2008 Year End Results

Date Posted: 
Sunday, March 22, 2009 2:47pm

BEIJING, March 23 - Yongye Biotechnology International, Inc. (OTC Bulletin Board: YGYB; "Yongye" or the "Company"), a leading distributor of nutrients for plants and animals in the People's Republic of China, today announced its financial results for its fourth quarter and fiscal year ended December 31, 2008.

Full Year 2008 Highlights

• Revenue increased 266.1% year-over-year to $48.1 million
• Gross profit increased 325.2% year-over-year to $24.9 million, with gross margin of 51.8%

Diguang International Announces Commercial Launch of Ultra-Slim 19-Inch Monitors

Date Posted: 
Sunday, March 22, 2009 2:30pm

SHENZHEN, China, March 23, 2009 -- SHENZHEN, China, Jan. 5 /PRNewswire-Asia-FirstCall/ -- Diguang International Development Co., Ltd. today announced the commercial launch of its ultra-slim 19-inch computer monitors in major cities across China.

China XD Plastics Announces Solid Fourth Quarter and

Date Posted: 
Sunday, March 22, 2009 2:29pm

Harbin, PRC – March 23, 2009 – China XD Plastics Company Ltd. (“China XD Plastics” or the “Company”), (OTC Bulletin Board: CXDC), as the largest Chinese manufacturer of modified plastics for automotive applications, is engaged in the development, manufacturing, and distribution of modified plastics primarily for use in automotive applications, today reported financial results for the fourth quarter and year ended December 31, 2008.

Fourth Quarter 2008 Highlights

• Net revenue was $20.0 million, an increase of 41.8% from the fourth quarter of 2007

China Biologic Products Completes Acquisition of 35% Interest in Xi’an Huitian Blood Products Co., Ltd.

Date Posted: 
Sunday, March 22, 2009 2:27pm

Taian City, Shandong Province, PRC – March 23, 2009 – China Biologic Products, Inc. (CBPO.OB) (“China Biologic” or the “Company”), one of the leading plasma-based pharmaceutical companies in the People’s Republic of China (“PRC”), announced that, its indirect majority owned subsidiary, Shandong Taibang Biological Products Co., Ltd. (“Taibang”), has completed the government approval process for the transfer of 35% of the equity interest in Xi’an Huitian Blood Products Co., Ltd.

China XD Plastics Renews High-Technology Enterprise Certification to Continue Qualify for Preferential Income Tax Rate

Date Posted: 
Wednesday, March 18, 2009 2:26pm

Harbin, PRC – March 19, 2009 – China XD Plastics Company Ltd. (“China XD Plastics” or the “Company”), (OTC Bulletin Board: CXDC), as the largest Chinese manufacturer of modified plastics for automotive applications, is engaged in the development, manufacturing, and distribution of modified plastics primarily for use in automotive applications, today announced the Company’s wholly owned subsidiary, Harbin Xinda Macromolecule Material Co., Ltd. (“Xinda”), received a renewed High-Technology Enterprise Certificate (“the Certificate”) granted by Chinese government.

Yongye Biotechnology Appoints New Chief Financial Officer

Date Posted: 
Tuesday, March 31, 2009 2:23pm

BEIJING, April 01, 2009. - Yongye Biotechnology International, Inc. (OTC Bulletin Board: YGYB) ("Yongye" or the "Company"), a leading distributor of nutrients for plants and animals, located in the People's Republic of China, today announced that it named Mr. Sam Yu to be the Company’s new chief financial officer effective March 25, 2009. Mr. Yu replaces Larry Gilmore, who served as the Company’s principal financial officer. Mr.

China Valves Technology, Inc. Reports Fourth Quarter and Full Year 2008 Results

Date Posted: 
Monday, March 16, 2009 1:48pm

KAIFENG, CHINA, March 17, 2009 – China Valves Technology, Inc. (OTC Bulletin Board: CVVT - News; "China Valves" or the "Company"), a leading metal valve manufacturer with operations in the People's Republic of China (the "PRC"), today announced its financial results for its fourth quarter and fiscal year ended December 31, 2008.

Highlights for the Fourth Quarter 2008 and Recent Developments

• Net revenue was $19.7 million, an increase of 79.1% from the fourth quarter of 2007

Zhongpin, Inc. Announces Record Fourth Quarter and Full Year 2008 Results

Date Posted: 
Sunday, March 15, 2009 1:47pm

Changge City, Henan Province, China – March 16, 2009 – Zhongpin Inc. (NASDAQ: HOGS), a leading meat and food processing company in the People’s Republic of China (“PRC”), today reported financial results for the fourth quarter and year ended December 31, 2008.

Fourth Quarter 2008 Highlights

• Revenues increased 39% year-over-year to $139.8 million
• Gross profit increased 48% to $17.7 million with gross margin of 12.6%
• Excluding non-recurring and non-cash charges, non-GAAP net income grew 65% to $9.3 million, or $0.31 per fully-diluted share

Puda Coal Announces Fourth Quarter and Full Year 2008 Results

Date Posted: 
Sunday, March 15, 2009 1:42pm

TAIYUAN, SHANXI, China, March 16, 2009 – Puda Coal, Inc. (OTC BB: PUDC) , a supplier of China's high grade metallurgical coking coal used to make coke for the purposes of steel manufacturing, today announced its fourth quarter and full year financial results ended December 31, 2008.

Fourth Quarter 2008 Highlights

• Fourth quarter revenue reached $64.5 million, up 31.0% year-over-year
• Operating income totaled $4.5 million, down 28.5% year-over-year

China TransInfo Technology Corp. to Attend International Exhibition on Infrastructure, Traffic Management, Safety and Parking in Shanghai

Date Posted: 
Monday, March 16, 2009 1:40pm

BEIJING, China – March 17, 2009 – China TransInfo Technology Corp., (NASDAQ: CTFO) (“China TransInfo” or “the Company”), a leading provider of public transportation information systems technology and comprehensive solutions in the People’s Republic of China (“PRC”), today announced that the Company’s management will attend the upcoming International Exhibition on Infrastructure, Traffic Management, Safety and Parking (“Intertraffic China 20”) in Shanghai from March 18 to March 20, 2009.

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