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Research - GeoResearch

Friday, November 21, 2014

Airmedia Group In (AMCN)

Joint Venture
BEIJING, November 21, 2014 /PRNewswire/ -- AirMedia Group Inc. ("AirMedia" or the "Company") (Nasdaq: AMCN), a leading operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers, today announced that it has entered into a strategic partnership agreement with China Telecom Satellite Communications Co. Ltd. ("CTSAT"), a wholly-owned subsidiary of China Telecom that specializes in satellite communications operations,…

Alibaba Group Hol (BABA)

Deal Flow
Alibaba Group Holding Limited (Alibaba Group) (BABA) today announced the pricing of an offering of US$8.0 billion aggregate principal amount of senior unsecured notes, consisting of: US$300 million floating rate notes due 2017 at an issue price per note of 100.000%; US$1,000 million 1.625% notes due 2017, at an issue price per note of 99.889%; US$2,250 million 2.500% notes…

Chinanet Online H (CNET)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues for the three months ended September 30, 2014 were $12.1 million compared to $7.5 million for the three months ended September 30, 2013, representing a 61% increase. Net loss attributable to ChinaNet for the three months ended September 30, 2014 was $0.9 million and loss per share was $0.04, compared to a net income attributable to ChinaNet of $1.2 million and earnings…

Fuwei Films (hold (FFHL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales during the third quarter ended September 30, 2014 were RMB69.2 million or US$11.3 million, compared to RMB75.9 million during the same period in 2013, representing a decrease of RMB6.7 million or 8.8%. Basic and diluted net loss per share was RMB1.36 or US$0.22 and RMB1.78 or US$0.29 for the three-month period ended September 30, 2014 and 2013, respectively…

Hanwha Solarone C (HSOL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total net revenues were RMB1, 198.0 million (US$195.2 million), an increase of 8.2% from RMB1, 107.3 million in 2Q14, and an increase of 5.5% from RMB1, 135.1 million in 3Q13. Net loss per basic ADS on a non-GAAP basis was RMB2.23 (US$0.36), compared with net loss per basic ADS on a non-GAAP basis of RMB0…

Renren Inc. Ameri (RENN)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total net revenues were US$21.6 million, a 47.4% decrease from the corresponding period in 2013. Net income (loss) attributable to Renren Inc. shareholders per ADS: Basic and Diluted ($0.11) vs. last years quarterly loss of ($0.07) "In this quarter, we continued to execute our strategy of focusing on our core business and core user base. We recently…

Trina Solar Limit (TSL)

Comments & Business Outlook
CHANGZHOU, China, November 21, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it obtained Carbon Footprint Verification ("Verification") for the Company's solar PV modules from the British Standards Institution (BSI), a leading international standards and certification body. The Carbon…

Youku Tudou Inc. (YOKU)

Comments & Business Outlook
BEIJING, November 21, 2014 /PRNewswire/ -- The Chinese Ministry of Industry and Information Technology on November 20 issued a fourth batch of licenses as part of its large-scale trial of opening the Chinese mobile sector up to MVNOs (mobile virtual network operators), and Youku Tudou, China's leading internet television company, has been a recipient and the only company whose main business is Internet entertainment services and content out of all the recipients. As required by…


Thursday, November 20, 2014

500.com Limited A (WBAI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues were RMB187.6 million (US$30.6 million), representing a 20.2% increase from the second quarter of 2014 and a 171.1% increase from the third quarter of 2013. Non-GAAP basic and diluted earnings per ADS attributable to ordinary shareholders excluding share-based compensation expenses were US$0.37 and US$0.36, respectively "I am pleased to report another solid quarter of growth…

Advanced Battery (ABAT)

Notable Share Transactions
NEW YORK, NY and BEIJING, CHINA--(Marketwired - November 20, 2014) - Advanced Battery Technologies, Inc. (ABAT), specializing in the design, manufacture and distribution of eco-friendly rechargeable batteries and related light electric vehicle products, today announced the company and Mr. Zhiguo Fu, Chairman and CEO of Advanced Battery Technologies Inc. plan to buy back up to 5 million ABAT common shares over the next 12 months. The common stock to…

Advanced Semicond (ASX)

Deal Flow
TAIPEI, Nov. 20, 2014 /PRNewswire/ -- Advanced Semiconductor Engineering, Inc. (TAIEX: 2311, NYSE: ASX) ("ASE", or the "Company") announced today that its subsidiary Universal Scientific Industrial (Shanghai) Co., Ltd. ("USI")(SSE: 601231), which is responsible for electronics design and design manufacture service ("DMS"), completed its capital increase by way of domestic private…

Autohome Inc. Ame (ATHM)

Direct Public Offering
BEIJING, Nov. 20, 2014 /PRNewswire/ -- Autohome Inc. ("Autohome" or the "Company") (ATHM), the leading online destination for automobile consumers in China, today announced that the previously announced registered follow-on public offering of American Depositary Shares ("ADSs") by the Company and certain of its existing shareholders (the "Selling Shareholders"), including Telstra Holdings Pty Limited (ACN 057 808 938), was…

China Information (CNIT)

Comments & Business Outlook
SHENZHEN, China, November 20, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry today announced that 300 units of its cloud-based new media terminals have been installed inside elevators at premium residential buildings in Shenzhen. These installations were conducted under a contract with a leading advertising agency…

China Jo-Jo Drugs (CJJD)

Comments & Business Outlook
HANGZHOU, China, Nov. 20, 2014 /PRNewswire/ -- China Jo-Jo Drugstores, Inc. (NASDAQ CM: CJJD) (the "Company"), a leading China-based retail and wholesale distributor of pharmaceutical and healthcare products through its own retail and online pharmacies, today announced its online pharmacy posted the largest one-day sales on Singles Day China, or the Black Friday China ("Singles Day"),November 11, 2014 with total revenue…

Chinacache Intern (CCIH)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues in the third quarter were RMB375.3 million (US$61.1 million), within the prior guidance range, and representing a 36.3% increase year-over-year. (Loss)/earnings per ADS Basic and Diluted was $0.02 vs. last years same quarterly loss of $(1.00). "In the third quarter we sustained the excellent momentum established in the first half…

Dehaier Medical S (DHRM)

Joint Venture
BEIJING, Nov. 20, 2014 (GLOBE NEWSWIRE) -- Dehaier Medical Systems Ltd. (Nasdaq:DHRM) ("Dehaier" or the "Company"), which develops, assembles, markets and sells medical devices and wearable sleep respiratory products in China, today announced that it has signed a new software license and strategic cooperation agreement (the "New Agreement") with Israel-based WideMed Technologies Ltd. ("WideMed") during the MEDICA trade fair…

Efuture Informati (EFUT)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue decreased 16% year-over-year to RMB34.0 million (US$5.5 million). Basic and diluted loss per share in the third quarter 2014 was RMB0.43 (US$0.07), compared to basic and diluted loss per share of RMB0.38 in the third quarter 2013. Adjusted diluted loss per share was RMB0.13 (US$0.02), compared to adjusted diluted loss per share of…

Gigamedia Limited (GIGM)

Notable Share Transactions
TAIPEI, November 20, 2014 /PRNewswire/ -- GigaMedia Limited (NASDAQ: GIGM) today announced that its CEO Collin Hwang continued to purchase a total of 131,938 shares of GigaMedia stock at an average price of $1.03 during the period between October 28, 2014 and October 31, 2014. The purchases were made during an open window period and in full compliance with all company and legal guidelines. Mr. Hwang's decision to purchase shares reflects his…

Jiayuan.com Inter (DATE)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues for the third quarter 2014 were RMB161.6 million (US$26.3 million), representing a year-over-year increase of 25.5% and a sequential increase of 11.2%. Basic and diluted net income per ADS[5] for the third quarter of 2014 were RMB0.10 (US$0.02) and RMB0.10 (US$0.02), respectively, compared to basic and diluted net income per ADS…

Jinkosolar Holdin (JKS)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenues were RMB2.6 billion (US$417.3 million), representing an increase of 5.3% from the second quarter of 2014 and an increase of 30.5% from the third quarter of 2013. Non-GAAP basic and diluted earnings per ADS of RMB10.40 (US$1.68) and RMB8.28 (US$1.36), respectively vs. last years same quarter of RMB8.72 (US$1.41)…

Recon Technology (RCON)

Comments & Business Outlook
BEIJING, November 20, 2014 /PRNewswire/ -- Recon Technology, Ltd. (Nasdaq: RCON), a leading independent oilfield services provider operating primarily in China, today said it is providing services on oilfield service contracts valued at RMB6.4 million, or over $1 million, to provide automation solutions for Chinese oil companies' domestic and overseas projects. The first contract, signed with Tangshan Jidong Petroleum Mechanic Co. Ltd. in September 2014,…


Wednesday, November 19, 2014

Apollo Solar Ener (ASOE)

Comments & Business Outlook
> Management Discussion and Analysis Sales Sales for the three and nine months ended September 30, 2014 were $628,345 and 3,549,434 respectively, compared to the sales of $6,350,549 and $13,446,941 in the same periods in 2013, a decrease of $5,722,204 or approximately 90.1% for the three months period and a decrease of $9,897,507 or approximately 73.6% for the nine months period…

Cazador Acquisition (CAZA)

Deal Flow
Item 1.01 Entry into a Material Definitive Agreement. On November 14, 2014, TOT Money Limited Liability Company (“TOT Money”), which is an indirect subsidiary of Net Element, Inc. (the “Company”), entered into a factoring services agreement (together with related and ancillary agreements, collectively, the “Agreement”), dated as of November 5, 2014,…

Ceetop Inc (CTOP)

Comments & Business Outlook
CEETOP INC (FORMERLY CHINA CEETOP.COM INC.) CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Un-audited) > Management Discussion and Analysis Net Sales. For the three and nine months ended September 30, 2014 and 2013, sales were $nil, The lack of revenues is due to the Company transitioning from online retail sales to B to B supply chain service. Net Loss. The Company’…

Cemtrex (CTEI)

Comments & Business Outlook
Fourth Quarter 2014 Results Q4 2014 revenues of $13.7 million vs $2.5 million in the prior year Q4 2014 EPS of $0.02 vs $0.00 in the prior year Commenting on the yearly results, Mr. Saagar Govil, Chairman and Chief Executive Officer of the Company remarked, "This has been a tremendous year for us as we have experienced unprecedented growth and also completed a significant acquisition. We are pleased with the…

China Carbon Grap (CHGI)

Comments & Business Outlook
> > Management Discussion and Analysis Sales During the three months ended September 30, 2014, we had sales of $99,171, compared to sales of $0 for the three months ended September 30, 2013, an increase of $99,171, or approximately 100.0%. Sales increase was mainly because in December 2013, we acquired Royal Shanghai that generated sales in 2014…

China Distance Ed (DL)

Comments & Business Outlook
Fourth Quarter 2014 Financial Results Net Revenue. Total net revenue increased by 30.3% to $35.3 million in the fourth quarter of fiscal 2014, from $27.1 million in the fourth quarter of fiscal 2013. Basic and diluted net income per American Depositary Share ("ADS") was $0.376 and $0.375, respectively, representing a year-over-year increase of 39.8% and 41.0%, respectively, from…

China Forestry In (CHFY)

Comments & Business Outlook
> Management Discussion and Analysis Net Sales We had net sales of $6,820 for the three months ended September 30, 2014 and $257,735 for the three months ended September 30, 2013. Our sales decreased by $250,915 or approximately 97%. Net Income (Loss) Net loss was $152,236 for the three months ended September 30, 2014, as compared to a net loss of…

Consumer Cptl Grp (CCGN)

Comments & Business Outlook
> Management Discussion and Analysis Revenues We derive our revenues from our e-commerce business. We have not generated any revenue from our debit card business historically. Our net revenues for the three months ended September 30, 2014 decreased to $0 from $9,260 for the three months ended September 30, 2013, a decrease of $9,260 or 100.0%. E-commerce Business Our net revenues from e-commerce business…

E-House (china) H (EJ)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenues increased by 12% year-on-year to $218.7 million Non-GAAP net income attributable to E-House shareholders was $12.6 million, or $0.09 per diluted ADS, a decrease of 54% from $27.6 million, or $0.20 per diluted ADS, for the same quarter of 2013. Xin Zhou, E-House's co-chairman and CEO, said, "We continue…

Eft Holdings Inc (EFTB)

Comments & Business Outlook
EFT HOLDINGS, INC. Consolidated Statements of Operations (Unaudited) > Management Discussion and Analysis Sales revenues, net Sales revenues, net decreased to approximately $119,000 for the three months ended September 30, 2014 from approximately $511,000 for the three months ended September 30, 2013 primarily due to a decline in sales demand from the Company’s Affiliates. Sales revenues,…

Ikang Healthcare (KANG)

Comments & Business Outlook
BEIJING, Nov. 19, 2014 (GLOBE NEWSWIRE) -- iKang Healthcare Group, Inc. ("iKang" or the "Company") (Nasdaq:KANG), the largest provider in China's fast growing private preventive healthcare services market in terms of revenue in 2013, today announced the acquisition of three medical centers in Shenyang that are franchised from Ciming Checkup Group ("Shenyang Medical Center"). Upon completion of the acquisition, iKang will operate a…

Innovative Food H (IVFH)

Comments & Business Outlook
Third Quarter 2014 Results Third quarter 2014 total revenue was approximately $8.7 million, up 50% as compared to $5.8 million in the third quarter of 2013. GAAP Basic and Fully Diluted EPS in the third quarter of 2014 was $(0.07) per share compared to $(0.05) per share in the third quarter of 2013. Non-GAAP loss per share of $0.02 vs EPS of $0.06 in…

Kingold Jewelry I (KGJI)

Deal Flow
Item 1.01 Entry Into Material Definitive Agreement. On November 19, 2014, Kingold Jewelry, Inc. (“Kingold”) entered into an At Market Issuance Sales Agreement, (the “Sales Agreement”) with MLV & Co. LLC (“MLV”), pursuant to which it may issue and sell shares of its common stock having an aggregate offering price of up to…

Lightinthebox Hol (LITB)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues were $99.0 million, an increase of 45.3% year-over-year. Non-GAAP net loss per ADS was $0.09, compared with non-GAAP net loss per ADS of $0.11 in the second quarter of 2014 "I am pleased to report a strong performance this quarter as our revenue growth continues to reaccelerate resulting in net revenues of $99.0 million,…

Montage Technolog (MONT)

Going Private News
Item 2.01 Completion of Acquisition or Disposition of Assets. On November 19, 2014, Montage Technology Group Limited (the “Company”) announced the consummation of the previously announced merger of CEC Montage Merger Sub Ltd. (“Merger Subsidiary”), a Cayman Islands exempted company and wholly owned subsidiary of Montage Technology Global Holdings, Ltd. (formerly known as CEC Montage Investment Ltd.) (&#…

Network Cn Inc (NWCN)

Comments & Business Outlook
NETWORK CN INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2014 AND 2013 (UNAUDITED) > Management Discussion and Analysis Revenues – Our revenues consist primarily of income from out-of-home advertising panels. We recognize revenue in the period when advertisements are displayed. Revenues from advertising services for the three months ended June 30,…

Nord Anglia Educa (NORD)

Comments & Business Outlook
Consolidated Income Statement for the three years ended 31 August 2014 > Management Discussion and Analysis Revenue Revenue increased $150.9 million, or 46.6% (44.7% on a constant currency basis), from $323.7 million in fiscal 2013 to $474.6 million in fiscal 2014. The rise was due to increased revenue from our premium schools, partly offset by a decrease in other revenue…

Trina Solar Limit (TSL)

Contract Awards
CHANGZHOU, China, November 19, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it has entered into an agreement for the design, build and operation and maintenance of the 10 MW Shamsuna Solar Project in Aqaba, Jordan with Shamsuna Power Company ("Shamsuna Power")…

Vipshop Holdings (VIPS)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total net revenues increased by 130.0% year over year to US$882.6 million, primarily attributable to a 136.8% year-over-year increase in the number of active customers[1] to 9.5 million and a 117.6% year-over-year increase in total orders to 25.5 million. Non-GAAP net income margin increased to 5.2% from 3.9% in the prior year period. Non-GAAP net…

Xcelmobility Inc. (XCLL)

Comments & Business Outlook
PROSPECTUS SUPPLEMENT NO. 2 12,600,000 Shares of Common Stock XCELMOBILITY, INC. Common Stock This Prospectus Supplement No. 2 supplements and amends our Prospectus dated July 31, 2014. This Prospectus Supplement No. 2 includes our attached Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, as filed with the Securities and Exchange Commission on November 13, 2014. The Prospectus, any prospectus supplements filed before the date hereof,…

Xinyuan Real Esta (XIN)

Regular Dividend News
BEIJING, Nov. 19, 2014 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (XIN), a residential real estate developer with a primary focus on high growth cities in China, today announced that its Board of Directors has declared a cash dividend for the third quarter of 2014 of US$0.025 per common share, or US$0.05 per American Depositary Share (ADS), which…

Xueda Education G (XUE)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total net revenues decreased 8.6% to $72.6 million from $79.4 million. Non-GAAP net loss attributable to Xueda Education Group per ADS for the third quarter 2014 was $0.14 per ADS, compared to non-GAAP diluted net income of $0.04 for the third quarter 2013. Mr. Xin Jin, co-founder and Chief Executive Officer of Xueda, stated, "Xueda is well…


Tuesday, November 18, 2014

Airmedia Group In (AMCN)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenues decreased by 8.9% year-over-year to US$62.9 million. Basic and diluted net loss attributable to AirMedia's shareholders per American Depositary Share ("ADS") were both US$0.10 vs last years same quarterly loss of $0.06. "Although the third quarter results were less than satisfactory, we strongly believe it was temporary and the Company will have a brilliant future. We are…

Canadian Solar In (CSIQ)

Joint Venture
GUELPH, Ontario, Nov. 18, 2014 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced that its modules will power a series of projects in Georgia totaling 5.1 MW with Atlanta-based solar developer and Engineering, Procurement and Construction ("EPC") provider SolAmerica Energy, LLC. As the sole provider of photovoltaic…

China Ceramics Co (CCCL)

Investor Alert
JINJIANG, China, Nov, 18, 2014 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Global Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that on November 12, 2014, it received a written notice (the "Notice) from the Listing Qualifications department of The…

China Xiniya Fash (XNY)

Comments & Business Outlook
XIAMEN, China, November 18, 2014 /PRNewswire/-- China Xiniya Fashion Limited ("Xiniya" or the "Company" NYSE: XNY), a leading provider of men's business casual apparel in China, today announced that the total value of purchase orders for its 2015 Spring/Summer Collection showcased during its biannual sales fair held from September 15 through September 17, 2014 in Xiamen, China decreased by approximately 40% compared to the total value of purchase orders…

Concord Medical S (CCM)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total net revenue, which consists of net revenues generated from the network business and hospital business, was RMB265.7 million ($43.3 million) in the third quarter of 2014, a 13.6% increase from RMB234.0 million in the third quarter of 2013. Basic and diluted earnings per American Depositary Share ("ADS")[2] in the third quarter of 2014 were RMB0.77 ($0.13)…

Guangzhou Global Telecom (GZGTD)

Comments & Business Outlook
CHINA TELETECH HOLDING, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) > Management Discussion and Analysis Total Revenue During the three months ended September 30, 2014, our revenue was $1,217,939, as compared to $888,754 during the same period in 2013, representing an increase of $329,185. The increase in revenue during the three months ended September 30, 2014…

CFO Trail
Item 4.01 Changes in Registrant’s Certifying Accountant Effective November 12, 2014, China Teletech Holding, Inc. (the “Company”) dismissed its independent registered public accounting firm, Albert Wong & Co. LLP (“AWC”) effective immediately. The dismissal was approved by the Board of Directors (the “Board”) of the Company. AWC was engaged as…

Ifm Investments L (CTC)

Comments & Business Outlook
Third Quarter 2014 Financial Results Consolidated net revenue was RMB126.5 million (US$20.6 million), an increase of 3.2% from RMB122.6 million in the second quarter of 2014, and a decrease of 37.7% from RMB202.9 million in the third quarter of 2013. Non-GAAP basic and diluted net loss per ADS were RMB1.68 (US$0.27) and RMB1.68 (US$0.27), respectively. Each of the…

Ja Solar Holdings (JASO)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenue was RMB 3.0 billion ($492.2 million), an increase of 71.8% y/y and 24.7% sequentially. Non-GAAP earnings1 per diluted ADS were RMB 1.30 ($0.21), compared to Non-GAAP loss per diluted ADS of RMB 2.24 ($0.36) in the third quarter of 2013, and Non-GAAP earnings per diluted ADS of RMB 0.87…

Notable Share Transactions
Share Buyback The board of directors of the Company approved a share repurchase program that authorizes the Company's management to repurchase up to US$90 million worth of its issued and outstanding American Depositary Shares prior to Nov 17, 2015. The program permits the Company to purchase ADSs from time to time on the open market at prevailing market prices, in accordance with applicable securities laws and subject to restrictions relating to volume, price and timing…

Jinkosolar Holdin (JKS)

Deal Flow
SHANGHAI, Nov. 18, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar industry, today announced that it closed the private equity investment led by China Development Bank International ("CDBI") and the Macquarie Greater China Infrastructure Fund ("MGCIF"), a fund managed by Macquarie Infrastructure and Real Assets, of an…

Neostem Inc. (NBS)

Hot Bio-Tech News
NEW YORK, Nov. 17, 2014 (GLOBE NEWSWIRE) -- NeoStem, Inc. (NBS), a biopharmaceutical company developing novel cell based therapeutics, today announced initial positive data from its 161 patient Phase 2 PreSERVE AMI (or acute myocardial infarction) clinical trial. These data are based on all enrolled patients being treated and having received six month follow-up for imaging and twelve month median length follow up for mortality, adverse events, serious adverse events (…

Pollex Inc (PLLX)

Comments & Business Outlook
> > Management Discussion and Analysis For the three months ended September 30, 2014, we generated $24,905 in revenue compared to $23,563 for the three months ended September 30, 2013. The increase of $1,342 or 6% was primarily due to an increase in revenue from the Great Merchant in the current quarter. Our Net Loss for the three…

Solar Power Inc. (SOPW)

Acquisition Activity
ROSEVILLE, Calif.--(BUSINESS WIRE)-- Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB:SOPW), a vertically-integrated photovoltaic (“PV”) developer, today announced that its wholly owned subsidiary, SPI Solar Japan G.K., has entered into a definitive purchase agreement to acquire 100% of the equity interest in a 22 megawatt (…

Sunway Global Inc (SUWG)

Comments & Business Outlook
SUNWAY GLOBAL INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013 (Stated in US Dollars) (Unaudited) > Management Discussion and Analysis Net Revenues Net revenues for the three months ended September 30, 2014, was $1,621,167, a decrease of 23.55% as compared with net revenues of $2,120,548 for the…

Yingli Green Ener (YGE)

Comments & Business Outlook
BAODING, China, November 18, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic ("PV") module manufacturer, known as "Yingli Solar," sees new energy policies in China bringing new opportunities to expand its distributed solar generation initiatives and help meet China's energy demand more sustainably. The Company recently celebrated…


Monday, November 17, 2014

China Advanced Co (CADC)

Comments & Business Outlook
First Quarter 2015 Financial Results Quarterly revenue doubled from $10.2MM to $21.2MM by 109% year over year, met previously provided guidance of between $18MM and $22MM. Net income was $0.1 million or $0.05 per diluted share, for the first quarter of fiscal year 2015, compared to net loss of $(5.8) million, or $(3.92) per diluted share, in the first quarter…

China Finance Onl (JRJC)

Auditor trail
BEIJING, November 15, 2014 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors online access to securities, commodities and wealth management products, today announced that it has engaged BDO China Shu Lun Pan Certificated Public Accountants LLP ("BDO China") as the Company's new independent auditing firm…

China Fruits Corp (CHFR)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue increased by 495% to $13,414,155 in the nine months ended September 30, 2014, compared to $2,255,669 in the same period of 2013. Fully diluted earnings per share were $0.01, compared to net loss of $0.01 per share in the same period in 2013. "495% is a very significant sales growth rate for the nine months ended September 30,…

China Information (CNIT)

Notable Share Transactions
SHENZHEN, China, November 17, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry, today announced it has signed a Letter of Intent (LOI) with an unrelated party to sell the Company's Fuyong Industrial Park for RMB375.0 million (approximately US$61.2 million)…

China Shengda Pac (CPGI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues increased by 18.4% to a record level of $47.3 million for the third quarter of 2014 with revenues of paper cartons and other paper products and corrugating medium paper increasing 7.7% and 72.4%, to $36.7 million and $12.0 million, respectively. Net income attributable to the Company's stockholders was $1.3 million, or $0.03 per basic and diluted share,…

Delmar Pharma (DMPI)

Hot Bio-Tech News
VANCOUVER, British Columbia, MENLO PARK, Calif., and MIAMI, Nov. 17, 2014 /PRNewswire/ -- DelMar Pharmaceuticals, Inc. (DMPI) ("DelMar" and "DelMar Pharma") today announced the presentation of new data supporting the development of VAL-083 (dianhydrogalactitol), which is currently undergoing clinical development in the United States as a potential new chemotherapy for the treatment of refractory glioblastoma multiforme (GBM), the most common and…

E-House (china) H (EJ)

Comments & Business Outlook
SHANGHAI, November 17, 2014 /PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced that it will, together with other shareholders, provide additional capital for Shanghai Weidian Information and Technology, Ltd. ("Weidian"), which provides mobile community value-added services through the mobile app Shi Hui. As…

Gulf Resources I (GURE)

Notable Share Transactions
SHOUGUANG, China, Nov. 17, 2014 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced that the Company's Board of Directors has approved a new share repurchase program under which the Company is authorized, but not obligated, to purchase up to $2 million of its issued and outstanding…

Ja Solar Holdings (JASO)

Comments & Business Outlook
SHANGHAI, Nov. 17, 2014 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO) ("JA Solar" or the "Company"), one of the world's largest manufacturers of high-performance solar power products, today announces that the rated power of its solar modules assembled by 60 multi-crystalline silicon ("multi-Si") cells has reached a new milestone of above 280 W. This newly achieved result,…

Kandi Technologie (KNDI)

Comments & Business Outlook
JINHUA, China, Nov. 17, 2014 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (KNDI), today announced that Kandi has delivered its initial order of 64 Kandi EVs (32 of each SMA7000BEV and SMA7001BEV) to Wuhan. This is the fifth city that Zhejiang ZuoZhongYou Electric Vehicle Service Co., Ltd. ("ZZY") has promoted the Car-Share business model…

Mikros Sys Corp (MKRS)

Comments & Business Outlook
Third Quarter 2014 Results Third quarter revenues were $1,057,442 as compared to $904,908 for the third quarter of 2013, an increase of $152,534 or 17%. Net income of $127,435 as compared to a net loss of $109,628 for the third quarter of 2013. Tom Meaney, Mikros President and CEO, commented, "After coming off our most profitable quarter in five years, our sole focus…

Remark Media Inc (MARK)

Deal Flow
Item 1.01. Entry into a Material Definitive Agreement. On November 17, 2014, Remark Media, Inc. (the “Company” or “Remark”) entered into a Stock Purchase Agreement (the “Purchase Agreement”) with Discover Growth Fund, a Cayman Islands exempted mutual fund (the “Fund” or “Discover”)…

Sina Corporation (SINA)

Comments & Business Outlook
SHANGHAI, November 17, 2014 /PRNewswire-FirstCall/ -- E-House (China) Holdings Limited ("E-House" or the "Company") (NYSE: EJ), a leading real estate services company in China, today announced that it will, together with other shareholders, provide additional capital for Shanghai Weidian Information and Technology, Ltd. ("Weidian"), which provides mobile community value-added services through the mobile app Shi Hui. As…

Sinocoking Coal A (SCOK)

Comments & Business Outlook
First Quarter 2014 Financial Results Income from operations of $1,359,383 on revenue of $13,573,836 compared to income from operations of $2,452,846 on revenue of $17,475,970 for the same period a year ago. Net loss in the 2015 first fiscal quarter of $2,553,257, or $(.12) per share, compared to net income of $1,160,884, or $.05 per share,…

Sinovac Biotech (SVA)

Comments & Business Outlook
Third Quarter 2014 Financial Results Quarterly sales were $17.1 million, a decrease of 22.3% from $22.1 million in the prior year period, which includes recognition of a special order of pandemic influenza vaccine (H5N1) revenue of $3.6 million. Net income attributable to common stockholders was $0.1 million, or $0.00 per basic and diluted share, compared to $2.3 million, or $0.04 per…

Sky-Mobi Limited (MOBI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenues increased 24.0% quarter over quarter to RMB211.1 million (US$34.4 million) from RMB170.2 million Net profit was RMB14.6 million (US$2.4 million), compared to RMB63.4 million in the second quarter 2014. Basic and diluted EPS were RMB0.06 (US$0.01) and RMB0.06 (US$0.01), respectively, which represents the equivalent of RMB0.48 (US$…

CFO Trail
Management Changes The Company also announced today that Mr. John Bi has tendered his resignation as the chief financial officer of the Company, effective on November 17, 2014, due to personal reasons. Mr. Michael Tao Song, Chairman and Chief Executive Officer of Sky-mobi, commented, "On behalf of the Company, we would like to thank him for his significant contributions to the Company's growth and development, including enhancing the Company's financial system and internal…

Skystar Bio-Pharm (SKBI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues of $18.4 million as compared to revenues of $16.0 million for the three months ended September 30, 2013, an increase of $2.4 million or 14.8%. Net income of $4.9 million or $0.57 per fully diluted share, compared with net income of $3.7 million or $0.49 per fully diluted share in the year ago period…

Solar Power Inc. (SOPW)

Joint Venture
ROSEVILLE, Calif.--(BUSINESS WIRE)-- Solar Power, Inc. (“SPI” or “SPI Solar”) (OTCBB: SOPW), a vertically-integrated photovoltaic (“PV”) developer, today announced that its wholly owned subsidiary, SPI Solar Power (Suzhou) Co., Ltd. (“SPI Meitai”)…

Sunrise Mining Co (SUIP)

Reverse Merger Activity
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS On September 8, 2014, we entered into a share exchange agreement (the “Exchange Agreement”) which we consummated on November 14, 2014, pursuant to which we acquired all of the issued and outstanding capital stock of 2340960 Ontario Inc. (“ECG”) from ECG’s stockholders, The Nick Bozza Family Trust, The John Bentivoglio Family Trust…

Techprecision Cor (TPCS)

Comments & Business Outlook
Second Quarter 2014 Financial Results Sales decreased 12% or $0.6 million to $4.6 millionfrom $5.2 million in the year-ago period and decreased $1.7 million or 27% sequentially, from $6.2 million in the first fiscal quarter of 2015. Net loss was $(0.6) million or ($0.03) per basic and fully diluted share for the quarter endedSeptember 30, 2014 as compared to a net…


Friday, November 14, 2014

2050 Motors Inc. (ETFM)

Comments & Business Outlook
2050 Motors, Inc. Condensed Statements of Operations (unaudited) > Management Discussion and Analysis During the three months ended September 30, 2014 and 2013, the Company had no revenues. During the three months ended September 30, 2014, the Company incurred operating expenses of $164,626 consisting primarily of consulting fees and travel expenses and other general and administrative costs of 2050 Motors…

Andatee China Mar (AMCF)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net Revenues for Q3 2014 totaled $146.3 million, an increase of $84.7 million, or 137.6%, as compared to net revenues of $61.6 million for Q3 2013. Basic and fully diluted earnings per share were $0.01 vs. last years same quarter of $(0.06). Our Chairman and Chief Executive Officer, Mr. Wang…

Annec Green Refra (ANNC)

Comments & Business Outlook
ANNEC GREEN REFRACTORIES CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) > Managment Discussion and Analysis Revenues We operate in two reportable segments, Zhengzhou Annec and Beijing Annec: (1) Zhengzhou Annec segment manufactures and sells a variety of refractory bricks and kits of pre-assembled hot-air ovens, and provides EPC services for blast furnace and hot blast stove; and (2) Beijing Annec segment designs and builds…

Aoxing Pharmaceut (AXN)

Comments & Business Outlook
> Management Discussion and Analysis Revenue for the three months ended September 30, 2014 was $4,565,081, representing a 28% increase over the revenue of $3,577,108 realized during the three months ended September 30, 2013. The increase in revenue was primarily attributable to the increase in sales price of our main product. The Company’s previous sales process begins with the sales manager who ships…

Aoxing Pharmaceuticals Co (CAXGD)

Comments & Business Outlook
> Management Discussion and Analysis Revenue for the three months ended September 30, 2014 was $4,565,081, representing a 28% increase over the revenue of $3,577,108 realized during the three months ended September 30, 2013. The increase in revenue was primarily attributable to the increase in sales price of our main product. The Company’s previous sales process begins with the sales manager who ships…

Armco Metals Hold (AMCO)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenue was $32.2 million, a 57% increase compared to net revenue of $20.5 million recorded in the third quarter of 2013. Net income of $4.8 million, or $0.09 per basic and diluted share on 55.0 million and 55.3 million weighted average basic and diluted shares outstanding respectively. This compared to a net loss of ($3.5) million or ($…

Aurasource Inc. (ARAO)

Comments & Business Outlook
AuraSource, Inc. Condensed Consolidated Statements of Operations (Unaudited) > Management Discussion and Analysis Revenues were $0 and $96,216 for the three months ended September 30, 2014 and 2013, respectively…

Baoshinn Corporat (BHNN)

Comments & Business Outlook
BAOSHINN CORPORATION CONSOLIDATED STATEMENT OF OPERATION (Stated in US Dollars) > Management Discussion and Analysis In the three months ended September 30, 2014 and 2013, we derived no revenues from our current operation. Total attributed loss for the three months ended September 30, 2014 was $94,058; while the attributed loss for the three months ended September 30, 2013 was $37,956. Our attributed loss increased 147…

Biostar Pharmaceu (BSPM)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales decreased by approximately $400,000 or 2.4% compared to the same period in 2013 Net income per share Basic and Diluted was $0.02 vs. last years same quarter of $0.03. Mr. Ronghua Wang, Chairman and CEO of Biostar Pharmaceutical, commented, "In the past six months, we launched production of several new drugs which resulted in the revenue increases in from Aoxing…

Bitauto Holdings (BITA)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Revenue in the third quarter of 2014 was RMB608.0 million (US$99.0 million), a 60.7% increase from the corresponding period in 2013. Non-GAAP basic and diluted profit per ADS attributable to ordinary shareholders of the parent in the third quarter of 2014 was RMB3.33 (US$0.54) and RMB3.13 (US$0.51), respectively. Mr. William…

Blonder Tongue La (BDR)

Comments & Business Outlook
Reported Third Quarter 2014 Results Net sales increased $1,836,000, or 26.9%, to $8,659,000 in the third three months of 2014 from $6,823,000 in the third three months of 2013. Net earnings for the third three months ended September 30, 2014 were $584,000 or $0.09 per share, compared to a net loss of $(688,000) or $(0.11) per share…

Bohai Pharmaceuti (BOPH)

Comments & Business Outlook
BOHAI PHARMACEUTICALS GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Net Revenues Net revenues are comprised of sales of 11 traditional Chinese medicines (corresponding to 7 drug formulas) in China during the three months ended September 30, 2014. We previously sold 20 medicines (corresponding to 16 drug formulas) following our acquisition of…

Bona Film Group L (BONA)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues were US$100.0 million, an increase of 186% compared with US$35.0 million in the third quarter of 2013. Non-GAAP Net Income Attributable to Bona Film Group Limited per Diluted ADS (US$) was 0.15 vs. last years same quarter of 0.06. "I am very pleased with the results that we delivered in the third quarter," said Bona founder, Chairman…

Capstone Companie (CAPC)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue of $7.7 million increased $2.1 million, or 36.9%, from the prior-year period. Gross profit was $1.1 million compared to $1.5 million in the third quarter of 2013. Basic and Diluted EPS were flat Stewart Wallach, Capstone's CEO, commented, "Our top-line results for the third quarter and year-to-date periods are encouraging. Our existing…

China Changjiang (CHJI)

Comments & Business Outlook
CHINA CHANGJIANG MINING & NEW ENERGY CO., LTD. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013(Stated in US Dollars) > Management Discussion and Analysis Sales revenue We generated total revenue of $303,014 from continuing operations for the three months ended September 30, 2014, compared with revenue of $303,091…

China Ginseng Hld (CSNG)

Comments & Business Outlook
China Ginseng Holdings, Inc. and Subsidiaries CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) > Management Discussion and Analysis Revenue Our total revenue decreased from $62,393 for the three months ended September 30, 2013 to $5,242 for the three months ended September 30, 2014, a decrease of $57,151, or 92%. The primarily reason for the decrease was because…

China Health Indu (CHHE)

Comments & Business Outlook
> > Management Discussion and Analysis Revenue Total revenues increased by $1,470,699, or 87.05%, for the three months ended September 30, 2014 as compared to the same period in 2013. The increase in revenues was primarily due to an increase of $1,366,559 or 98.61% in Humankind’s revenues and an increase of $104,140 or 34.29% in HLJ Huimeijia&#…

China Housing & L (CHLN)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenue in the third quarter of 2014 was $27.7 million compared to $44.1 million in the second quarter of 2014 and $24.8 million in the third quarter of 2013. Net income attributable to the Company in the third quarter of 2014 was $2.2 million, or $0.06 per diluted share, compared to net loss of $6.8 million, or $(0.20)…

China Longyi Grou (CGYG)

Comments & Business Outlook
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) > Management Discussion and Analysis Revenues. Our revenues were historically derived primarily from sales of our SOD products. Revenues decreased $680, to $0 for the three months ended September 30, 2014, from $680 for the same period in 2013 as we did not sell any SOD products and our operating subsidiary, Chongqing…

China Pharma Hold (CPHI)

Comments & Business Outlook
Third Quarter 2014 Financial Results. Revenue for the three months ended September 30, 2014 was $5.5 million, a decrease of 31% from $8.1 million for the three months ended September 30, 2013. Loss per share share Basic and Diluted was $(0.15) vs. last years same quarter of $(0.05) In November 2014, the CFDA completed its process of the GMP certification for our…

China Recycling E (CREG)

Comments & Business Outlook
Third Quarter 2014 Financial Results. Total sales were US$0.24 million, compared with US$21.74 million for the third quarter of 2013. Basic and fully diluted earnings per share (EPS) was US$0.07, as compared with US$0.08 for the third quarter of 2013. Mr. Guohua Ku, Chairman and CEO of CREG commented, "We are very pleased to report a 36% year-over-year growth in…

China Sunergy Co. (CSUN)

Joint Venture
NANJING, China, Nov. 14, 2014 /PRNewswire/ -- China Sunergy Co., Ltd. (CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that the Company has signed a memorandum of understanding ("MOU") with Deniz Finansal Kiralama A.S., ("DenizLeasing"), a subsidiary of DenizBank Financial Services Group ("DenizBank Group"), establishing…

China Wind Systems (CWS)

Comments & Business Outlook
CLEANTECH SOLUTIONS INTERNATIONAL, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME > Management Discussion and Analysis Revenues For the three months ended September 30, 2014, we had revenues of $20,246,000, as compared to revenues of $18,214,000 for the three months ended September 30, 2013, an increase of $2,033,000, or approximately 11.2%. The increase in revenue…

China Yct Intl Gr (CYIG)

Comments & Business Outlook
CHINA YCT INTERNATIONAL GROUP, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS > Management Discussion and Analysis Net Sales Revenue During the three months ended September 30, 2014, we had net sales revenue of $8,674,157, as compared with $8,136,960 for the same period in 2013, an increase of $537,197, or 6.6%…

China Yida Holdin (CNYD)

Comments & Business Outlook
CHINA YIDA HOLDING CO. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Net Revenue Net revenue from continuing operations increased by approximately $0.94 million or approximately 31.9%, from approximately $2.93 million for the three months ended September 30, 2013 to approximately $3.87 million for the three months ended September 30, 2014. The increase in…

Chinawe.com Inc (CHWE)

Comments & Business Outlook
CHINAWE.COM INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) > Management Discussion and Analysis Effective March 27, 2009, the Company ceased providing professional management services relating to non-performing loans in the People’s Republic of China. The Company has terminated its employees and closed down its offices. The Company has not identified a specific line of business or territory for any new business. There can…

Cleantech Solutio (CLNT)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue for the third quarter of 2014 increased by 11.2% to $20.2 million, compared to $18.2 million for the same period of 2013. Net income for the third quarter of 2014 was $2.7 million, or $0.70 per basic and diluted share, compared to$2.1 million, or $0.61 per basic and diluted share, in the third quarter of 2013…

Comjoyful Interna (KJFI)

Comments & Business Outlook
COMJOYFUL INTERNATIONAL COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS > Management Discussion and Analysis Revenue. Our revenues are derived from foot massage, body massage, and other therapy treatments services. For the three months ended September 30, 2014, the Company had revenues of $255,146 compared to revenues of $107,469 for the three months ended September 30, 2013, an increase of $147,677 or approximately 137…

Empire Resources (ERS)

Comments & Business Outlook
Third Quarter 2014 Results Revenues of $159.4 vs $126.4 in the prior year. Non-GAAP EPS of $0.17vs $0.04 in the prior year. Nathan Kahn, President and CEO, commented, "For a third consecutive quarter, we achieved both sequential and year-over-year top-line growth, as we continue to benefit from our geographic and product diversity. Robust market demand in the U.S. was the…

Empowered Product (EMPO)

Comments & Business Outlook
Empowered Products, Inc. and Subsidiaries Consolidated Condensed Statements of Operations (Unaudited) > Management Discussion and Analysis Revenue for the three months ended September 30, 2014 was approximately $1.1 million as compared to approximately $1.5 million in the comparable period in 2013. The 30% decrease in revenue from the comparable period in 2013 was primarily attributable to 2013 sales reflecting an initial sale into a national retail…

Flatworld Acquisi (FWLAF)

Comments & Business Outlook
FlatWorld Acquisition Corp. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) > Management Discussion and Analysis For the three months ended September 30, 2014, we had net loss of $27,008 consisting of general and administrative expenses of $27,008. For the prior three months ended September 30, 2013, we had a net loss of $30,934 consisting of general and administrative expenses of $30,934…

General Steel Hol (GSI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Sales volume increased by 15.1% year-over-year to approximately 1.45 million metric tons, compared with 1.26 million metric tons in the third quarter of 2013. Net loss attributable to the Company was $(3.5) million, or $(0.06) per diluted share, compared with a net income of $3.8 million, or $0.07 per diluted share in the third quarter of…

Globalink Ltd. (GOBK)

Comments & Business Outlook
GLOBALINK, LTD. Condensed Consolidated Statements of Loss and Comprehensive Loss (Expressed in U.S. Dollars) (Unaudited) > Management Discussion and Analysis Results of Operations For the three months ended September 30, 2014, we earned revenues of $97,008. We paid salaries and benefits of $66,596 and other general and administrative expenses of $22,052. As a result, we had a…

Hollysys Automati (HOLI)

Comments & Business Outlook
First Quarter 2015 Financial Results Total revenues were $140.7 million, an increase of 24.2% compared to the comparable prior year period and a decrease of 11.4% compared to last quarter. Non-GAAP diluted EPS were at $0.46, an increase of 31.4% and 7.0% compared to the comparable prior year period and last quarter respectively. "During this quarter, we continuously insisted in executing our…

Horiyoshi Worldwi (HHWW)

Comments & Business Outlook
HORIYOSHI WORLDWIDE, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) > Management Discussion and Analysis Revenue We earned revenues of $141,408 for the three months ended September 30, 2014 compared to revenues of $128,084 for the three months September 30, 2013. For the nine months ended September 30, 2014 we earned revenues of $365,499 compared to $652,445 for…

Hubei Minkang Pha (HBMK)

Comments & Business Outlook
Hubei Minkang Pharmaceutical Ltd. Consolidated Statements of Operations and Comprehensive Income > Management Discussion and Analysis Revenues We had sales of $2,012,626 for the three month period ended September 30, 2014 as compared to sales of $4,314,787 for the three month period ended September 30, 2013. The decrease in sales was mainly due to decreased production of our major products Yinxing Damo Zhusheye and An Ka…

Ironstone Group I (IRNS)

Comments & Business Outlook
IRONSTONE GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) > Management Discussion and Analysis For the three month period ending September 30, 2014, operating expenses increased $14,237 or 62% as compared to the same period in fiscal year 2013. This was primarily due to an increase in professional fees, note amortization, and stock-based compensation…

Kingold Jewelry I (KGJI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales decreased to $251.0 million compared to $283.9 million, primarily due to an overall decrease in the price of gold during the quarter Net income was $5.2 million, or $0.08 per share, compared to $11.0 million, or $0.17 per share Mr. ZhiHong Jia, Chairman and CEO of the Company, commented, "Kingold has continued to report profitable…

Leo Motors Inc. (LEOM)

Comments & Business Outlook
> Management Discussion and Analysis Sales for the three months ended September 30, 2014 were $28,813 compared to $0 for the three months ended September 30, 2013, reflecting no change. All of this is revenue from our newly acquired subsidiary LGM Co., LTD. The net loss for the three months ending September 30, 2014 increased to $474,364from $158,938 for the three…

Living 3d Holding (LTDH)

Comments & Business Outlook
Living 3D Holdings, Inc. Consolidated Statements of Operations and Comprehensive Income (Unaudited) (Stated in US dollars) > Management Discussion and Analysis Revenues. The Company had no revenue for the three months ended September 30, 2014 and September 30, 2013, respectively. The Company is in the early stage of development and thus its revenue fluctuates, and at times materially. Net (…

Montage Technolog (MONT)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue for the third quarter 2014 was $46.0 million, an increase of 13.8 percent compared to $40.4 million in the prior quarter, and an increase of 53.1 percent compared to $30.1 million in the third quarter 2013. Non-GAAP net income for the third quarter 2014 was $12.3 million, or $0.40 per diluted share, which excluded $2…

News Of China Inc (NWCH)

Comments & Business Outlook
W&E Source Corp. and Subsidiaries (Formerly News of China Inc.) Consolidated Statements of Income and Comprehensive IncomeFor the three Months Ended September 30, 2014 and 2013 (Unaudited) > Management Discussion and Analysis Revenues We have generated total revenues of $920 from our operations during for the three months ended September 30, 2014 compared to $9,423 from the same period a year ago, a decrease of…

Nf Energy Saving (NFEC)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenue for the third quarter grew 120.3% to $2.94 million from $1.33 million in the third quarter last year. Net income for the third quarter was $327,684, or $0.06 per fully diluted share, demonstrated a very positive business improvement from a net loss of $25,262, or -$0.005 per fully diluted share from the third quarter of 2013…

Ocean Bio-Chem (OBCI)

Comments & Business Outlook
Third Quarter 2014 Results For the three months ended September 30, 2014, net income increased by $281,000, or 45%, to approximately $903,000 or $0.10 per diluted share, compared to approximately $622,000 or $0.07 per diluted share for the same period in 2013. The Company also reported record net sales for the nine months ended September 30, 2014 of $25.2 million dollars compared to $24…

Orient Paper Inc (ONP)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total Revenue in the third quarter of 2014 was $40.8 million, representing an increase of 8.1% from $37.7 million in the prior year period. Basic and diluted earnings per share for the third quarter of 2014 were $0.18, compared to $0.30 for the corresponding period of 2013. Mr. Zhenyong Liu, Chairman and Chief Executive Officer of Orient Paper, commented, "Our…

Phoenix New Media (FENG)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Net advertising revenues increased by 45.5% year over year to RMB325.8 million (US$53.1 million). Net income per diluted ADS[2] was RMB0.90 (US$0.15). Adjusted net income per diluted ADS increased by 13.6% year over year to RMB1.21 (US$0.20). "We are very pleased with our strong financial performance in the third quarter," stated…

Recon Technology (RCON)

Comments & Business Outlook
First Quarter 2015 Financial Results Revenues declined 62.6% to $699,450 from $1,870,951* in the first fiscal quarter last year for the reasons noted above. Nevertheless, we believe customer interest in Recon products and technology remained strong. Diluted EPS (U.S. GAAP) was a loss of $(0.14) per share in the first quarter of FY 2015, compared with a net profit of $0.002 per share…

Shiner Intl Inc (BEST)

Comments & Business Outlook
> > Management Discussion and Analysis Revenues Revenues for the three months ended September 30, 2014 decreased $4.1 million (or 17.2%), to $20.0 million, compared to $24.2 million in the 2013 period. The overall decrease in revenue during the third quarter of 2014, compared to the same quarter in 2013 was primarily attributable to decreased revenues generated from the sale of BOPP tobacco and…

Silvercorp Metals (SVM)

Comments & Business Outlook
Second Quarter 2015 Financial Results Sales of $37.3 million, up 31% from the prior year period. Net income of $7.2 million, or $0.04 per share, compared to net loss of $43.2 million, or $0.25 per share in the prior year period. OUTLOOK The Company will continue to focus its efforts on optimizing mining operations, cost control, and cash preservation. At the Ying Mining…

Regular Dividend News
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 14, 2014) - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (SVM.TO)(SVM) today announced that its Board of Directors has declared a quarterly dividend of CAD$0.005 per share (CAD$0.02 per share on an annual basis) to be paid on or before January 21, 2015, to shareholders of record at the close of business December 31, 2014…

Sina Corporation (SINA)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues increased 8% year over year to $198.6 million. Non-GAAP net revenues increased 9% year over year to $196.0 million, within the Company's guidance of between $193 million and $199 million. Net income attributable to SINA was $133.6 million, or $1.91 diluted net income per share attributable to SINA. Non-GAAP net income attributable to SINA was $13…

Sino Agro Food In (SIAF)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenue for the quarter ended September 30, 2014 was $107,220,059, representing a 52% increase over revenue of $70,707,697 in the corresponding quarter in 2013. Diluted EPS was $0.14 vs. last years same quarter $0.15…

Skypeople Fruit J (SPU)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue was $34.8 million, an increase of 79% year-over-year EPS Basic and diluted earnings per share $0.17 vs. last years same quarter of $0.11. "We are very pleased to report these strong financial results, highlighted by a balanced contribution to revenue among our core products due to the general availability of fresh fruit raw materials during the quarter," said Mr. Hongke Xue,…

Solar Power Inc. (SOPW)

Comments & Business Outlook
Third-Quarter 2014 Financial Results Total net sales increased from $21.3 million for the third quarter of 2013 to $26.7 million for the corresponding period in 2014 Net loss for the third quarter of 2014 was $7.7 million, or ($0.02) per basic and diluted share, compared with a net loss of $3.6 million, or ($0.02) per basic and diluted share, for the corresponding period of…

Sorl Auto Parts (SORL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net Sales increased 7.7% to $58.7 million in the third quarter of 2014 year-over-year; Net income attributable to stockholders for the third quarter of 2014 was $2.9 million, or $0.15 per basic and diluted share, compared with $3.3 million, or $0.17 on per basic and diluted share, in the third quarter of 2013. Mr. Xiaoping Zhang,…

Tht Heat Transfer (THTI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Sales revenue increased by 15.9% year-over-year to US$15.9 million. Basic and fully diluted net income per share was US$0.10, compared with US$0.03 for the third quarter of 2013. Chairman and Chief Executive Officer Guohong Zhao commented, "Due to effective internal measures of corporate governance and efficient cost control management in the whole process of the construction, our revenue obtained a stable growth…

Tiger Media Inc. (IDI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues in the third quarter increased 32% quarter-on-quarter from the second quarter of 2014 to $0.9 million, and increased 10% year-over-year from the third quarter of 2013; while the cost of revenues decreased slightly by 7% quarter-on-quarter and increased 73% year-over-year. Net loss per basic and diluted share were both $0.02 for the third quarter of 2014, which was…

Tongji Healthcare (TONJ)

Comments & Business Outlook
> Management Discussion and Analysis Operating Revenues – Operating revenue for the three month period ended September 30, 2014, which resulted primarily from in-patient service and out-patient service, was $649,393, an increase of $42,155 or 7%, as compared with the operating revenue of $607,238 for the same period of 2013. Our in-patient service revenue was $269,207 for the three month period ended…

Transakt Ltd (TAKD)

Comments & Business Outlook
> > Management Discussion and Analysis Net revenues decreased by approximately $66,181 to $112,855 for the three months ended September 30, 2014 compared to $179,036 for the same period in 2013. The decrease in net revenue was primarily attributable to the decrease in the revenue from selling LED lights which was partially offset by an increase in selling vegetables. We sold LED light of approximately $131,580 for the three months…

Unilens Vision In (UVIC)

Comments & Business Outlook
Reported First Quarter 2015 Results Product sales for the first quarter, which ended September 30, 2014 (Q1 of FY2015) increased 3.5% to $1,635,236, compared with $1,579,205 in the first quarter of the previous fiscal year (FY2014), due primarily to a 9.8% increase in C-Vue custom soft lens sales and a 4.1% increase in the C-Vue disposable category lens sales. Diluted earnings per…

Utstarcom Holding (UTSI)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues were $32.3 million, exceeding the Company's previously provided expectations for $25 million to $30 million, and improved from $31.9 million sequentially. Basic net loss per share was $0.22. After taking out the $4.3 million investment impairment loss, basic net loss per share was $0.10, compared to basic net income per share of $0.01 for the…

Notable Share Transactions
HONG KONG, Nov. 14, 2014 (GLOBE NEWSWIRE) -- UTStarcom (Nasdaq:UTSI), a global telecommunications infrastructure provider, announced that its Board of Directors has approved a share repurchase program of up to $40 million of its outstanding shares over the next 24 months. The share repurchase program was approved by UTStarcom's Board of Directors and became effective on November 12, 2014. During the repurchase program period, the Company will also maintain the flexibility…

Viking Invts Grou (VKIN)

Comments & Business Outlook
VIKING INVESTMENTS GROUP, INC. Interim Consolidated Statements Of Operations And Comprehensive Loss (Unaudited) (Amounts expressed in US dollars) > Management Discussion and Analysis Net Loss The Company incurred a net loss of $238,768 during the three month period ended September 30, 2014, compared with a net loss of $118,093 for the three month period ended September…

Weibo Corporation (WB)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues increased 58% year over year to $84.1 million, exceeding the Company's guidance between $79 million and $82 million. Non-GAAP diluted net loss per share attributable to Weibo's ordinary shareholders for the third quarter of 2014 was $0.01, compared to a non-GAAP diluted net loss of $0.03 per share for the same period last year. "I'm delighted that…

Xcelmobility Inc. (XCLL)

Comments & Business Outlook
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) > Management Discussion and Analysis Revenue Our revenue for the three months ended September 30, 2014 totaled $298,581 compared to $1,229,908 for the three months ended September 30, 2013. This decrease in revenue was primarily due to a decrease in the number of new projects in the third quarter of 2014. Net income (loss)…

Yasheng Group (HERB)

Comments & Business Outlook
> Management Discussion and Analysis Net Sales. Sales are generated primarily from our farming operations and related side line products in China. Net sales for the nine months ended September 30, 2014 increased by $21 million, or 3% to $708 million as compared to $687 million for the nine months ended September 30, 2013. The overall increase in net sales was primarily a result of the rising prices of agricultural products attributable to…

Yosen Group Inc. (YOSN)

Comments & Business Outlook
YOSEN GROUP, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS THREE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013 (UNAUDITED) > Management Discussion and Analysis Net Sales Net sales for the three months ended September 30, 2014 increased by 10.8%, to $2,435,533 compared to $2,197,149 for the three months ended September 30, 2013. Net sales for the nine months ended September…

Youku Tudou Inc. (YOKU)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Net revenues were RMB1.11 billion (US$180.3 million), a 29% increase from the corresponding period in 2013. Basic and diluted loss per ADS, each representing 18 Class A ordinary shares of the Company, for the third quarter of 2014 amounted to RMB0.88 (US$0.14) and RMB0.88 (US$0.14), respectively. Non-GAAP basic and diluted loss per ADS for the third…

CFO Trail
Departure of Chief Financial Officer The Company today announced that its Chief Financial Officer, Mr. Ge Xu, is resigning from his position at the Company due to personal reasons, and will be effective when the Company submits its 2014 20-F filing. Mr. Xu joined the Company in October 2011 and has made significant contributions to the Company's growth and development, including enhancing the Company's financial systems and internal controls. Mr. Victor Koo, Chairman and…

Yus Intl Group Lt (YUSG)

Comments & Business Outlook
YUS INTERNATIONAL GROUP LIMITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Net profit/(loss) Net loss was $5,000 for the quarter ended September 30, 2014 as compared to net loss of $3,000 for the comparative quarter of 2013. The increase of loss was mainly attributable to the increase of professional fees…

Zap (ZAAP)

Comments & Business Outlook
> > Management Discussion and Analysis Net sales for the three months ended September 30, 2014 were $5.2 million as compared to $10.0 million for the three months ended September 30, 2013. Jonway Auto’s revenue for the three months ended September 30, 2014 decreased by $4.7 million from $9.7 million for the quarter ended September 30, 2013 compared…

Zippy Bags Inc (ZPPB)

Comments & Business Outlook
Glorywin Entertainment Group Inc.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) > Management Discussion and Analysis Sales Revenue of $1,048,198 and $0 was recognized during the three months ended September 30, 2014 and 2013. Revenues were comprised of junket commission and a technical support fee charged to 3 casinos. Net Profit / Loss For the reasons above, net profit for the three months ended September…


Thursday, November 13, 2014

Aj Greentech Hold (AJGH)

Comments & Business Outlook
> Management Discussion and Analysis Results of Operations For the nine months ended September 30, 2014, we derived our revenues of $1,166,074 from the consulting service, etc., comparing to $480,725 from the sales of methanol-based and ethanol based fuels to our customers for the nine months ended September 30, 2013. Our business operates primarily in Taiwanese Dollar (“TWD”),…

Alibaba Group Hol (BABA)

Deal Flow
HANGZHOU, China--(BUSINESS WIRE)-- Alibaba Group Holding Limited (BABA) today announced that it proposes to offer senior unsecured notes (the "notes"), subject to market and other conditions. The principal amount, interest rates, maturity dates and other terms of the notes have not been finalized and will be determined at the time of pricing of the offering. Alibaba plans to use the net proceeds from…

Cazador Acquisition (CAZA)

Comments & Business Outlook
NET ELEMENT, INC. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS > Management Discussion and Analysis We reported a net loss of $9,058,835 or ($0.23) per share, for the three months ended September 30, 2014 as compared with a net loss of $3,869,613 or ($0.13) per share, for the three months ended September 30, 2013…

China Ceramics Co (CCCL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue was RMB 320.1 million (US$ 52.2 million), down 6.0% from the third quarter of 2013 Earnings per fully diluted share were RMB 1.75 (US$ 0.28) for the third quarter ended September 30, 2014 as compared to RMB 0.21 for the third quarter of 2013. "We achieved solid revenue and profitability in the third quarter due to our…

China Fruits Corp (CHFR)

Comments & Business Outlook
China Fruits Corporation Consolidated Statements of Income For the three-month and nine-month periods ended September 30, 2014 and 2013 Unaudited (Stated in US Dollars) > Management Discussion and Analysis Revenues Gross revenues were $2,862,463 and $13,414,155 for the three and nine months ended September 30, 2014, respectively, increased by $2,307,449, or 416%, and $11,158,486,…

China Green Agric (CGA)

Notable Share Transactions
XI'AN, China, Nov. 13, 2014 /PRNewswire/ -- China Green Agriculture, Inc. (NYSE: CGA; "China Green Agriculture", "we" or the "Company"), a company that mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its subsidiaries in China, today updates that certain employees had made investments to the Company through the Company's Employee Stock Purchase Plan (…

China Information (CNIT)

Deal Flow
SHENZHEN, China, November 13, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of end-to-end cloud-based platform, exchange, and big data solutions to the Chinese new media industry, today announced it has obtained a three-year revolving credit facility of RMB 1 Billion from China CITIC Bank (CITIC). The facility will provide the Company with additional access to…

China Jo-Jo Drugs (CJJD)

Comments & Business Outlook
Second Quarter 2014 Financial Results Retail pharmacy sales increased by $3.0 million, or 31.3%, to $12.4 million from the comparable quarter of the prior year, largely due to a 28.79% increase in same-store sales. LOSS PER SHARES: Basic and Diluted was $(0.00) vs. last years same quarter of $(0.04) "Our online pharmacy sales continued to grow dramatically during the most…

China Lodging Gro (HTHT)

Comments & Business Outlook
Third Quarter of 2014 Financial Results Net revenues increased 21.0% year-over-year to RMB1,387.5 million (US$226.1 million) for the third quarter, in line with the guidance previously announced. Basic earnings per ADS2 were RMB2.40 (US$0.39) for the third quarter of 2014 and diluted earnings per ADS were RMB2.36 (US$0.38). Excluding share-based compensation expenses, adjusted basic earnings per ADS were RMB2.65…

China Shianyun Gr (SAYC)

Comments & Business Outlook
CHINA SHIANYUN GROUP CORP., LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Revenues Revenue for the three months ended September 30, 2014 amounted to $48,652, representing a $447,205 or 90.19% decrease as compared to $495,857 for the same period in the last year. (a) Sale of consumer products…

China Xd Plastics (CXDC)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Revenues were 315.7 million, an 7.7% increase from $293.1 million in the same quarter last year. Basic and diluted earnings per share were $0.66 and $0.62, respectively, compared to $0.64 per basic and diluted share in the third quarter of 2013. "Strong sequential growth confirms our view that business would accelerate over the course of the year," said Jie…

China Zenix Auto (ZX)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue of RMB694.9 million (US$113.2 million) compared with RMB930.1 million in the third quarter of 2013; Loss and total comprehensive loss for the period was RMB12.3 million (US$2.0 million) with loss per share of RMB0.06 (US$0.01) or per American Depositary Share ("ADS") of RMB0.24 (US$0.04). Mr. Jianhui Lai, Chairman…

Chipmos Technolog (IMOS)

Notable Share Transactions
HSINCHU, November 13, 2014 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services, today announced that its Board of Directors has authorized the repurchase of US$15.0 million of the Company's common stock from the open market. The share repurchase program will be in compliance with Rule 10b5-1 and Rule 10b-…

Comments & Business Outlook
THIRD QUARTER 2014 FINANCIAL RESULTS Net Revenue Increased 7.3% to US$190.7 Million from US$177.8 Million Net Earnings of US$0.64 Per Basic Common Share and US$0.62 Per Diluted Common Share Compared to US$0.19 Per Basic Common Share and US$0.18 Per Diluted Common Share S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "Results for the third quarter were above plan, with revenue increasing…

Country Style Coo (CCSC)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues in the third quarter of 2014 were RMB409.1 million ($66.6 million), an increase of 4.7% from RMB390.6 million in the same quarter of 2013. Diluted net income per American depositary share ("ADS") was RMB0.69 ($0.11). Adjusted diluted net income per ADS (non-GAAP) was RMB0.84 ($0.14). Each ADS represents four ordinary…

CFO Trail
Departure of Chief Financial Officer The Company today announced that its Chief Financial Officer, Mr. Adam J. Zhao, is resigning from his position at the Company due to personal reasons, effective November 30, 2014. The Company's board of directors has begun the search for a qualified successor to Mr. Zhao to fill the position. Mr. Zhao joined the Company in February 2012 and has made significant contributions to the Company's growth and development, including…

Daqo New Energy C (DQ)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenues was $47.3 Million vs $29.6 Million for same period last year Earnings / (loss) per ADS ($ per ADS) was $0.66 vs. ($1.49) for the same period last year. "We are excited to report another successful quarter which delivered the best quarterly results of our Xinjiang polysilicon facilities so far in terms of cost structure, production volume and shipment…

Elong Inc. (LONG)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Net revenues for the third quarter increased 2% to RMB301.5 million (US$49.1 million), compared to RMB296.9 million (US$48.5 million) in the third quarter of 2013. Total revenues for the third quarter increased to RMB323.5 million (US$52.7 million). Basic net loss per ADS and diluted net loss per ADS for the third quarter of 2014 were each RMB1.64…

Empire Global Cor (EMGL)

Comments & Business Outlook
Item 8.01 OTHER EVENTS On November 8, 2014, Empire Global Corp. through our wholly owned subsidiary, Multigioco Srl signed a letter of intent to acquire Rifa Srl, an Italian gaming operator licenced under the Agenzia delle Dogane e dei Monopoli (formerly Amministrazione Autonoma Monopoli di Stato) ("AAMS") as well as Rifa's client base and active current gaming business. Rifa Srl holds a AAMS "Monti" licence, a strategic acquisition in our build…

Ever-Glory Intern (EVK)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total sales for the quarter were $139.9 million, an increase of 31.2% compared to $106.7 million in the third quarter of last year. This increase was primarily attributable to a 41% increased sales in retail business as well as a 24.7% increased sales in wholesale business. Basic and diluted earnings per share were $0.35 and $0.26 for the three months ended September 30,…

Global Sources Lt (GSOL)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue was $42.5 million, as compared to $44.8 million. Non-IFRS net income was $2.6 million, or $0.08 per diluted share, as compared to $6.1 million, or $0.17 per diluted share, for the third quarter of 2013. "In the third quarter, our exhibitions business featured a mix of shows serving the international and mainland China domestic buying…

Great China Mania (GMEC)

Comments & Business Outlook
GREAT CHINA MANIA HOLDINGS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Revenues Revenues increased by $100,991 to $571,270 for the three months ended September 30, 2014 as compared to $470,279 for the same period in 2013, representing a 21.47% increase. The increase in revenue was mainly due to 1.) the increase of…

Innocom Tech Hldg (INCM)

Comments & Business Outlook
INNOCOM TECHNOLOGY HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2014 AND 2013 (Currency expressed in United States Dollars (“US$”), except for number of shares) (Unaudited) > Management Discussion and Analysis Revenue As a result of discontinue of business and operation in the manufacture of mobile…

Ion Geophysical C (IO)

CFO Trail
HOUSTON, Nov. 13, 2014 /PRNewswire/ -- ION Geophysical Corporation (IO) today announced the resignation of its Senior Vice President and Chief Financial Officer, Greg Heinlein, who is leaving the Company to pursue other interests. ION has named Steve Bate as its Executive Vice President and Chief Financial Officer. Mr. Bate was previously Executive Vice President and Chief Operating Officer of ION's Systems division. Mr…

Jinpan Internatio (JST)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales for the third quarter were $61.8 million, a 10.2% decrease from $68.7 million in the same period last year. Net income for the third quarter decreased 38.8% to $4.3 million, or $0.26 per diluted share, compared to $7.0 million, or $0.42 per diluted share, in the same period last year. Third quarter net…

Netease Inc. (NTES)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Total revenues for the third quarter of 2014 were RMB3,325.9 million (US$541.9 million), compared to RMB2,951.9 million and RMB2,514.3 million for the preceding quarter and the third quarter of 2013, respectively. NetEase reported basic earnings per ADS of US$1.45 and diluted earnings per ADS of US$1.44 for the third quarter of 2014. The Company's basic and diluted earnings per ADS were…

Nutrastar Intl In (NUIN)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Net revenue was $11.16 million, representing an increase of $0.22 million or 2.1% from $10.94 million in the comparable 2013 three month period. Non-GAAP diluted EPS was $0.34, compared to $0.34 in prior year. Ms. Lianyun Han, CEO of Nutrastar, commented, "Nutrastar's results for the third quarter and nine months ended September 30, 2014…

Physical Property (PPYH)

Comments & Business Outlook
PHYSICAL PROPERTY HOLDINGS INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS > Management Discussion and Analysis OPERATING REVENUES. Operating revenues for the third quarter of 2014 totaled HK$265,000 (US$34,000) compared to HK$278,000 for the corresponding period in 2013. This represented a decrease of 5% mainly due to a tenant vacating a unit in the last month of the third quarter of 2014. NET LOSS…

Piranha Ventures (PNHV)

Comments & Business Outlook
> Management Discussion and Analysis Net sales increased by $97,376 or 205.60% to $144,736 for the three months ended September 30, 2014 from $47,360 for the three months ended September 30, 2013, and $173,409 or 154.19% to $285,867 for the six months ended September 30, 2014 from $112,458 for the six months ended September 30, 2013. Among this amount, $85,065 was generated…

Powin Corp (PWON)

Comments & Business Outlook
> > Management Discussion and Analysis Consolidated net sales for the three months ended September 30, 2014, decreased approximately $200 thousand or 4.5% from the same period of 2013. The decrease was substantially all in the contract manufacturing segment, which experienced a revenue decline of approximately $600 thousand or 26.7% compared to the third quarter of 2013. The primary reason for the decrease was the…

Qkl Stores Inc. (QKLS)

Comments & Business Outlook
Third Quarter 2013 Financial Results Revenue in the third quarter of 2014 increased by $1.9 million, or 3.2%, to $61.1 million for the three months ended September 30, 2014 from $59.2 million for the three months ended September 30, 2013. For the three months ended September 30, 2014, our net loss was $5.5 million, or$(3.60) per diluted share, compared to net…

Remark Media Inc (MARK)

Comments & Business Outlook
REMARK MEDIA, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) > Management Discussion and Analysis Revenue Total revenue for the three months ended September 30, 2014 was approximately $230 thousand, an increase of approximately $96 thousand from the same period in 2013. For the nine months ended September 30, 2014 total revenue was $1.7 million, an increase of $…

Sino Agro Food In (SIAF)

Comments & Business Outlook
GUANGZHOU, China, Nov. 13, 2014 /PRNewswire/ -- Sino Agro Food, Inc. (SIAF) is an integrated, diversified agriculture technology and organic food company (the "Company" or "SIAF") with principal operations as primary producer, processor, and marketer in the People's Republic of China ("PRC"). As the press release issued on September 4, 2014 alluded, the Company…

Trina Solar Limit (TSL)

Contract Awards
CHANGZHOU, China, November 13, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced that it supplied 28.5MW of PV modules to sPower (Sustainable Power Group), a leading renewable energy provider, and Camborne Capital, a prominent UK solar developer. A total of 105,…

Viaspace Inc (VSPC)

Comments & Business Outlook
VIASPACE INC. STATEMENTS OF OPERATIONS (Unaudited) > Management Discussion and Analysis Revenues Revenues were $55,000 and $9,000 for the three months ended September 30, 2014 and 2013, respectively, an increase of $46,000. The revenues relate to collaborative agreements for the joint operation of test plots to establish whether Giant King Grass grows well in customer’s countries and optimal agronomic practices…

Wuxi Pharmatech ( (WX)

Comments & Business Outlook
Third-Quarter 2014 Financial Results Net Revenues Increased 18.3% Year Over Year to $173.6 Million Non-GAAP Diluted Earnings Per ADS Increased 13.8% Year Over Year to $0.54 "WuXi's strong momentum continued in the third quarter," said Dr. Ge Li, Chairman and CEO of WuXi PharmaTech. "We achieved 18% year-over-year revenue growth, led by small-molecule manufacturing and biologics. Manufacturing Services, China Lab…

Yaboo Inc (YBIN)

Up-Listing Watch
Item 8.01 Other Events. The Company is planning in the very near future on getting current in its filings with the U.S. Securities and Exchange Commission (the “SEC”) as well as respond to any and all outstanding issues with the SEC…

You On Demand Hol (YOD)

Comments & Business Outlook
YOU On Demand Holdings, Inc., Its Subsidiaries and Variable Interest Entity UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS > Management Discussion and Analysis Revenue Revenue for the three months ended September 30, 2014, totaled $645,000, as compared to $95,000 for 2013. The increase in revenue of approximately $550,000 was attributable to the growth of our VOD business. Net Loss Attributable to Non-controlling Interest Hua Cheng has…

You On Demand Holdings (CBBDD)

Comments & Business Outlook
YOU On Demand Holdings, Inc., Its Subsidiaries and Variable Interest Entity UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS > Management Discussion and Analysis Revenue Revenue for the three months ended September 30, 2014, totaled $645,000, as compared to $95,000 for 2013. The increase in revenue of approximately $550,000 was attributable to the growth of our VOD business. Net Loss Attributable to Non-controlling Interest Hua Cheng has…


Wednesday, November 12, 2014

58.com Inc. Ameri (WUBA)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Total revenues were US$72.0 million, a 72.9% increase from the same period last year; exceeding guidance of US$66.0 million to US$68.0 million. Non-GAAP basic and diluted earnings per ADS attributable to ordinary shareholders in the third quarter of 2014 were US$0.09, compared with basic and diluted earnings per ADS attributable to ordinary shareholders of US$0.15 and US$0.13, respectively during the…

6d Global Technol (SIXD)

Comments & Business Outlook
6D GLOBAL TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) > Management Discussion and Analysis Revenue increased by approximately 21% to $2,709,066 during the three months ended September 30, 2014, from $2,238,832 during the corresponding three months ended September 30, 2013. The increase in revenue was primarily due to an increase in the number of professional service projects and contracts that…

Alj Regional Hldg (ALJJ)

Comments & Business Outlook
NEW YORK, Nov. 12, 2014 /PRNewswire/ -- For the quarter ended September 30, 2014, ALJ Regional Holdings, Inc. (Pink Sheets: ALJJ) expects revenue from its Faneuil subsidiary to be in the range of $34.3 million to $36.1 million as compared to revenue of $35.0 million for the quarter ended June 30, 2014. Comparable year-over-year revenue is not available as ALJJ did not own Faneuil in the…

Aoxin Tianli Grou (ABAC)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Revenues were $11.48 million, an increase of 32%, from $8.73 million in the same period 2013. Non-GAAP Net Income per dilluted share was $0.08 vs $0.03 in prior year. Mr. Ping Wang, Chairman and Chief Executive Officer of Aoxin Tianli Group, Inc., commented, "Despite continued weakness in the demand for our regular breeder and market hogs…

Bona Film Group L (BONA)

Comments & Business Outlook
SHANGHAI, Nov. 12, 2014 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX; TSX: IMX) and Beijing Bona International Cineplex Investment and Management Co. Ltd., a wholly-owned subsidiary of Bona Film Group, (Nasdaq: BONA), a leading film distributor and vertically integrated film company in China, today announced an agreement for three new IMAX� theatres in China. The deal brings the exhibitor's total IMAX commitment to four…

Canadian Solar In (CSIQ)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenue for the third quarter of 2014 was $914.4 million, up 46.6% from $623.8 million in the second quarter of 2014 and up 86.3% from $490.9 million in the third quarter of 2013 Net income attributable to Canadian Solar in the third quarter of 2014 was $104.2 million, or $1.75 per diluted share, compared to net income of $…

China Automotive (CAAS)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales increased by 11.9% to a third-quarter record high of $101.7 million, compared to $90.9 million in the third quarter of 2013. Net income attributable to parent company's common shareholders was $6.7 million, or diluted earnings per share of $0.24, compared to net income attributable to parent company's common shareholders of $8.6 million, or diluted earnings per share of…

China Electronics (CEHD)

Comments & Business Outlook
China Electronics Holdings, Inc.Consolidated Statements of Operations and Comprehensive Income For the three months and nine months ended September 30, 2014 and 2013 (Stated in US Dollars) > Management Discussion and Analysis Revenues Our net revenue for the three months ended September 30, 2014 was $8,650,489, an increase of 3.5%, or $293,615, from $8,…

China Internet Ca (CICC)

Comments & Business Outlook
CHINA INTERNET CAFE HOLDINGS GROUP, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) > Management Discussion and Analysis Revenue Our revenue is primarily generated from sales of prepaid IC cards and SIM cards which include stored value that will be deducted based on time usage of computers at our internet cafes. Our revenue decreased approximately $5.5 million, or 80%, from…

Deyu Agriculture (DEYU)

Comments & Business Outlook
DEYU AGRICULTURE CORP. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) > Management Discussion and Analysis Net Revenue Our net revenue for the three months ended September 30, 2014 was $37.8 million, a decrease of $30.5 million, or 44.7%, compared to $68.3 million for the three months ended September 30, 2013. This decrease was the combined…

Empire Global Cor (EMGL)

Comments & Business Outlook
Item 8.01 OTHER EVENTS On November 8, 2014, Empire Global Corp. through our wholly owned subsidiary, Multigioco Srl signed a letter of intent with substantially improved terms to acquire all of the gaming assets of New Gioco Srl, which includes 3 corners and 1 agency licence, all the assets, intellectual property, operations and licences governed under the Agenzia delle Dogane e dei Monopoli (formerly Amministrazione Autonoma Monopoli di Stato) ("AAMS") as well…

Highpower Interna (HPJ)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales increased 14.5% to $44.5 million, driven mainly by the growing lithium battery business Non-GAAP net income attributable to the Company increased 186.2% to $2.3 million, or $0.15 per share, from $0.8 million, or $0.06 per share Mr. George Pan, Chairman and CEO of the Company, commented, "We are pleased to report strong operating…

Highway Holdings (HIHO)

Regular Dividend News
HONG KONG, Nov. 12, 2014 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO) today announced its board of directors has declared a cash dividend of $0.10 per share on the company's common stock. The dividend will be paid on December 22, 2014 to shareholders of record on November 28, 2014…

Home Inns & Hotel (HMIN)

Comments & Business Outlook
Third Quarter 2014 Financial Results Total revenues increased 7.9% year over year to RMB 1.88 billion (US$305.7 million) for the third quarter of 2014, within the guidance range. EPS Diluted was $0.35 vs. last years same quarter of $0.19. "During the third quarter, we achieved total revenues within our expectations, as well as year-over-year margin expansion for the seventh consecutive quarter, despite the…

In Media Corporat (IMDC)

Comments & Business Outlook
In Media Corporation (A Development Stage Company) Condensed Statements of Operations (Unaudited) > Management Discussion and Analysis Operations for the three months ended September 30, 2014 We incurred $($1,062,111) and $175,298 in general administrative expenses for the three months ended September 30, 2014 and 2013, respectively. These costs consisted of general,…

Lgi Homes Inc. (LGIH)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Home sales revenues for the third quarter of 2014 increased 36.1% to $92.5 million compared to the third quarter of 2013. Dilluted EPS this quarter was $0.31 (no previous EPS number is available for same quarter last year). "LGI Homes continues to deliver solid results," said Eric Lipar, the Company's Chief Executive Officer and Chairman of the Board. "Sustaining…

Lightinthebox Hol (LITB)

Comments & Business Outlook
BEIJING, Nov. 12, 2014 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced that it hit record sales of $1.9 million, a 50% increase from the same day last year, on November 11, 2014, also known as "Singles Day" in China…

Noah Holdings Lim (NOAH)

Comments & Business Outlook
THIRD QUARTER 2014 FINANCIAL RESULTS Net revenues in the third quarter of 2014 were US$62.9 million, a 51.7% increase from the corresponding period in 2013. Net income per basic and diluted ADS in the third quarter of 2014 were both US$0.32. Non-GAAP net income per diluted ADS in the third quarter of 2014 was US$0.34. The Company appointed Ms. Ching Tao as its Chief Financial Officer replacing Ms. Chia-…

CFO Trail
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER The Company appointed Ms. Ching Tao as its Chief Financial Officer replacing Ms. Chia-Yue Chang, effective November 7, 2014. Ms. Chang will continue her role as executive director of the Company. Ms. Tao has more than 18 years of experience in investment and finance management. Prior to joining the Company, she served as the Chief Financial Officer of Charter Group Holdings Ltd., a high-end, large-scale Chinese department…

Nova Lifestyle I (NVFY)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net sales were $25.9 million, an increase of 16% compared to $22.3 million from the prior year period, and is primarily the result of a 6% increase in sales volume and 9% increase in average selling price. Net income was $3.1 million, an increase of 156% from $1.22 million for the same period of 2013, or $0.15 per diluted…

Rbc Life Sciences (RBCL)

Comments & Business Outlook
RBC LIFE SCIENCES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) > > > Management Discussion and Analysis Net sales Net sales for the quarter ended September 30, 2014 were $7,515 compared with net sales for the same period in 2013 of $6,…

Silicon Motion Te (SIMO)

Comments & Business Outlook
SHIN-YOKOHAMA, Japan, Nov. 12, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the availability of its automotive grade PATA and SATA FerriSSD solutions designed for In-Vehicle-Infotainment (IVI) systems. Silicon Motion will showcase the FerriSSD Automotive IVI-Grade Solutions at the 2014 Embedded Technology in Yokohama, Japan…

Sino-Global Shipp (SINO)

Comments & Business Outlook
First Quarter 2015 Financial Results Total revenues decreased by 21.5% to $2,605,925 for the three months ended September 30, 2014 from $3,317,661 for the same period of 2013. Basic and diluted EPS of $0.06 for the three months ended September 30, 2014 marked the fifth consecutive quarter of net profit for the Company. Mr. Lei Cao, Chairman and Chief Executive Officer of Sino-Global commented: "We…

Solar Power Inc. (SOPW)

Acquisitions
ROSEVILLE, Calif.--(BUSINESS WIRE)-- Solar Power, Inc(OTCBB: SOPW), a vertically-integrated photovoltaic (PV) developer, today announced that its wholly owned subsidiary, SPI Solar Power (Suzhou) Co., Ltd. (SPI Meitai), has entered into a framework agreement to acquire Guodian Nailuen Tumed Left Banner PV Electricity Co., Ltd. (Guodian Nailuen). Guodian Nailuen, a PV…

Trina Solar Limit (TSL)

Comments & Business Outlook
CHANGZHOU, China, November 12, 2014 /PRNewswire/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a global leader in photovoltaic ("PV") modules, solutions, and services, today announced it ranked No. 1 for its environmental and social performance in the 2014 Solar Scorecard, an award system established by the Silicon Valley Toxics Coalition ("SVTC"). Trina Solar received a…

Uni Core Hldgs Co (UCHC)

Comments & Business Outlook
UNI CORE HOLDINGS CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) > Management Discussion and Analysis Revenue Net revenues for the three months ended September 30, 2014 were derived principally from sales of paper products of APT Paper Group Limited and agricultural products wholesale by Shaanxi Prosperous Agriculture Company Limited. Total net revenues decreased to $0 during the three months ended September 30, 2014, as compared to $…

Yingli Green Ener (YGE)

Comments & Business Outlook
BAODING, China, November 12, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the world's largest vertically integrated photovoltaic (PV) manufacturer, today announced that its wholly-owned subsidiary, Yingli Green Energy Spain, S.L.U ("Yingli Spain") has supplied over 5 megawatts (MW) of solar panels for Bolivia's first solar power plant…

Youku Tudou Inc. (YOKU)

Joint Venture
BEIJING, November 12, 2014 /PRNewswire/ -- Youku Tudou Inc. (NYSE: YOKU), China's leading Internet television company, today announced that it has entered into a strategic partnership with Xiaomi. The partnership aims to accelerate the development of its multi-screen media and entertainment ecosystem. The two companies will jointly develop content and technology, including developing multi-screen online video services. Xiaomi will invest in Youku Tudou by acquiring the latter's stock on the…

Yy Inc. (YY)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Net revenues increased by 105.3% to RMB1.0 billion (US$163.0 million) from RMB487.2 million in the corresponding period of 2013, primarily driven by a 114.6% increase in revenues from internet value-added services, or IVAS revenues. Non-GAAP diluted net income per ADS7 in the third quarter of 2014 increased by 87.1% to RMB 5.37 (US$0.87) from RMB2.87 in…


Tuesday, November 11, 2014

Advanced Battery (ABAT)

Contract Awards
NEW YORK, NY and BEIJING, CHINA--(Marketwired - November 11, 2014) - Advanced Battery Technologies, Inc. (ABAT), specializing in the design, manufacture and distribution of eco-friendly rechargeable batteries and related light electric vehicle products, today announced that Wuxi Angel Automatic Vehicle Company ("Wuxi Angel"), its wholly owned subsidiary, has signed two new multi-year distribution contracts to market and sell its newly…

Agria Corporation (GRO)

CFO Trail
BEIJING, CHINA--(Marketwired - Nov 11, 2014) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria"), a global agricultural company, today announced that Mr. Patrick Tsang, Chief Financial Officer of the Company, has tendered his resignation to pursue other opportunities. Mr. Tsang will also relinquish his position as a Director of the Company's subsidiary, PGG Wrightson Limited ("…

Ata Inc. (ATAI)

Comments & Business Outlook
Second Quarter 2015 Financial Results Net revenues of RMB102.5 million (US$16.7 million), up 127.3%, primarily as a result of the National Unified Certified Public Accountants ("CPA") exam taking place during Second Quarter 2015, while the prior year's CPA exam took place in the fiscal third quarter ended December 31, 2013 ("Third Quarter 2014") Basic and diluted earnings per ADS excluding share-based compensation expense…

China Finance Onl (JRJC)

Joint Venture
BEIJING, November 11, 2014 /PRNewswire/ -- China Finance Online Co. Limited ("China Finance Online", or the "Company") (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors online access to securities, commodities and wealth management products, today announced that it has entered into a strategic partnership agreement with Great Wall Securities Co. Limited ("Great Wall Securities"), to integrate Great…

China Yuchai Inte (CYD)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenue was RMB 3.75 billion (US$ 609.9 million ) compared with RMB 3.70 billion in the third quarter of 2013. Earnings per share were RMB 3.77 (US$ 0.61) compared with RMB 2.86 in the third quarter of 2013; Mr. Weng Ming Hoh, President of China Yuchai, commented, "We are pleased to have achieved higher revenues as our strategy of…

Empire Global Cor (EMGL)

Comments & Business Outlook
Empire Global Corp. to Acquire Additional Gaming Assets in Italy Assets to expand Italian gaming network to physical licenses. NEW YORK -- Empire Global Corp. (the company) (EMGL.OTCQB), a company focused on the acquisition and development of regulated online gaming operations, announced today that through Multigioco Srl, our wholly owned subsidiary, it has signed a letter of intent to acquire 1 agency and 14 corner licences from Sevenbet Srl. This acquisition expands…

Evans Sutherland (ESCC)

Comments & Business Outlook
Reported Third Quarter 2014 Results Sales for the third quarter were $7.7 million, compared to sales of $8.5 million for the third quarter 2013. Net profit for the quarter was $0.6 million or $0.06 per share compared to a net profit for the third quarter 2013 of $1.0 million or $0.09 per share. Comments from David H. Bateman, President and Chief Executive Officer: &#…

Jinkosolar Holdin (JKS)

Deal Flow
SHANGHAI, November 11, 2014 /PRNewswire-FirstCall/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., ("JinkoSolar US"), has signed a USD$20 million two-year credit agreement with Wells Fargo Bank, National Association ("Wells Fargo"…

Nq Mobile Inc. Am (NQ)

Comments & Business Outlook
BEIJING and DALLAS, November 11, 2014 /PRNewswire/ -- NQ Mobile (NYSE: NQ), a leading global provider of mobile Internet services, has reached an agreement with Mobile Telesystems OSJC ("MTS"), the largest mobile operator in Russia and the 8th largest telecommunications brand worldwide, to make NQ Mobile Vault available to MTS subscribers through a wide ranging "White Label" agreement. MTS will promote and distribute the product through pre-load, SMS…

Pingtan Marine En (PME)

Comments & Business Outlook
Third Quarter 2014 Financial Results Revenue from continuing operations ("fishing business") increased 164.0% to $54.4 million from $20.6 million, primarily due to an increase in sales volume as a result of a larger fleet and an increase in the number of vessels. Net income from the fishing business increased 181.4% to $14.2 million, or $0.18 per ordinary share (basic and…

Synutra Internati (SYUT)

Comments & Business Outlook
Second Quarter 2015 Financial Results Net sales were $102.5 million for the second quarter of fiscal 2015, an increase of 15.7% from $88.6 million in the second quarter of fiscal 2014. Income from operations was $13.6 million, an increase of 53.2% over the prior year period. Net income attributable to common stockholders was $10.2 million in the second quarter of fiscal year 2015, or $0…

Tuniu Corporation (TOUR)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenues were RMB1.31 billion (US$213.7 million) in the third quarter of 2014, representing a year-over-year increase of 85.6% from the corresponding period in 2013. Net loss per ADS �basic and diluted (1.89) vs. last years same quarter of (8.38). Mr. Donald Yu, Tuniu's co-founder and Chief Executive Officer, said, "…

Vimicro Internati (VIMC)

Comments & Business Outlook
Third-Quarter 2014 Financial Results Net revenue in the third quarter of 2014 was $27.6 million, as compared to net revenue of $24.2 million in the year-ago quarter and $24.0 million in the second quarter of 2014. Income/ (loss) per ADS Diluted Share was 0.12 vs. last years quarter of 0.06. Dr. John Deng, Vimicro's Chairman and Chief Executive Officer, commented, "We…

Volitionrx Ltd (VNRX)

Hot Bio-Tech News
NAMUR, Belgium, Nov. 11, 2014 /PRNewswire/ -- VolitionRx Limited (OTCQB: VNRX), a life sciences company focused on developing blood-based diagnostic tests, today announced that it has entered an agreement with the University of Oxford, United Kingdom, to initiate a clinical study that will assess VolitionRx's proprietary Nucleosomics� platform technology for the diagnosis of endometriosis through a simple blood test. Under the agreement, The University of Oxford will…

Xinyuan Real Esta (XIN)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net income was US$7.8 million, a 14.7% increase from US$6.8 million in the second quarter of 2014 and a 72.8% decrease from US$28.7 million reported in the third quarter of 2013. Diluted net earnings per American Depositary Share ("ADS") attributable to shareholders were US$0.10, compared to diluted net earnings per ADS of US$0.08 in the second quarter of 2014…


Monday, November 10, 2014

21vianet Group I (VNET)

Joint Venture
BEIJING, Nov. 10, 2014 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq:VNET) ("21Vianet" or the "Company"), the largest carrier-neutral Internet data center services provider in China, today announced a strategic partnership with China Academy of Telecommunications Research ("CATR"), a division of the Ministry of Industry and Information Technology ("MIIT"). Pursuant to the agreement, 21Vianet and CATR will closely…

Baidu Inc. (BIDU)

Comments & Business Outlook
BEIJING, November 10, 2014 /PRNewswire/ -- iQIYI, an independently operated subsidiary of Baidu (NASDAQ: BIDU) and one of the largest Internet and mobile video service providers in China, today announced that it would buy distribution rights to over 1,000 U.S. movie titles in 2015 to satisfy growing demand from its users for U.S. content. Over the last week, iQIYI CEO Gong Yu has led a team at the American Film Market…

Canadian Solar In (CSIQ)

Comments & Business Outlook
GUELPH, Ontario, Nov. 10, 2014 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (CSIQ), one of the world's largest solar power companies, today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc. will provide 4 megawatt ("MW") / 2.76 megawatt/hour ("MWh") of stationary on-grid bulk energy storage to Independent Electricity System Operator…

Cazador Acquisition (CAZA)

Deal Flow
>…

Chc Group Ltd. Or (HELI)

Notable Share Transactions
NEW YORK--(BUSINESS WIRE)--CHC Group Ltd. (NYSE:HELI), the parent company of CHC Helicopter, today announced that its shareholders have approved the issuance of preferred shares to Clayton, Dubilier & Rice LLC and certain of its affiliates (CD&R) in a private placement of up to $600 million and related proposals. The shareholder approval was obtained at CHC�s extraordinary general meeting of shareholders, which was held on Nov…

Cheetah Mobile In (CMCM)

Comments & Business Outlook
Third Quarter 2014 Unaudited Financial Results Total revenues increased by 158.1% year-over-year and 25.9% quarter-over-quarter to RMB478.7 million (US$78.0 million). Diluted earnings per ADS (USD)$0.07 vs last years (USD)$0.02 Mr. Sheng Fu, Cheetah Mobile's Chief Executive Officer, stated, "We are excited to report another quarter of robust growth, driven by the strong…

China Green Agric (CGA)

Comments & Business Outlook
First Quarter 2015 Financial Results First Quarter of FY 2015 net sales increased 2.0% to $51.3 million; net income decreased 22.0% to $8.1 million with EPS of $0.25. The revenues met the previously disclosed guidance of between $50.7 million and $54.3 million, Net income beat the previously disclosed guidance of between $5.9 and $7.8 million by 0.3 million,…

China Growth Equi (CGEI)

Comments & Business Outlook
PINGTAN MARINE ENTERPRISE LTD. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (IN U.S. DOLLARS) > Management Discussion and Analysis Revenue We recognize revenue from sales of frozen fish and other marine catches when persuasive evidence of an arrangement exists, delivery has occurred, the price to the customer is fixed or determinable, and collection of the resulting receivable is reasonably assured. With respect to the sales to…

China Information (CNIT)

Contract Awards
SHENZHEN, China, November 10, 2014 /PRNewswire/ -- China Information Technology, Inc. (the "Company") (Nasdaq GS: CNIT), a leading provider of end-to-end cloud-based platform, exchange, and big data solutions to the Chinese new media industry, today announced that it has entered into a five-year leasing and service contract to install the Company's cloud-based digital display terminals at the Changsha Huanghua International Airport and provide relevant…

China United (CUII)

Comments & Business Outlook
> > Management Discussion and Analysis Revenues As a distributor of insurance products, we derive our revenue primarily from commissions and fees paid by insurance companies, typically calculated as a percentage of premiums paid by our customers to the insurance companies. We generate revenue primarily through our sales force, which consists of individual sales agents in our distribution and service network. The acquisition of AHFL enabled us to reach the untapped market in Taiwan…

Chipmos Technolog (IMOS)

Comments & Business Outlook
HSINCHU, November 10, 2014 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and testing services ("OSAT"), today reported its unaudited consolidated revenue for the month of October 2014. Revenue for the month of October 2014 was NT$1,942.4 million or US$63.8 million, an increase of…

Empire Global Cor (EMGL)

Comments & Business Outlook
Item 8.01 OTHER EVENTS On November 6, 2014, Empire Global Corp. assumed the directorship and management of Streamlogue Holdings Ltd. ahead of the proposed closing of the Share Purchase Agreement While the technical due diligence and audit of the financial statements of Streamlogue is underway. Streamlogue a licensed Malta based online gaming company will now be managed by our CEO, Mr. Ciavarella and director Mr. Radu. The immediate plan of action is to significantly reduce operating overhead through…

Great China Mania (GMEC)

Deal Flow
CALCULATION OF REGISTRATION FEE >…

Gulf Resources I (GURE)

Comments & Business Outlook
Third Quarter 2014 Financial Results Net revenue was $31.1 million, a year-over-year decrease of 6% Net income was $5.0 million, or $0.13 per basic and diluted share, versus $8.1 million, or $0.21 per basic and diluted share a year ago, representing a year-over-year decrease of 38%. "Despite the continuing macro-economic tightening policy imposed by the PRC government beginning…

Highway Holdings (HIHO)

Comments & Business Outlook
Second Quarter 2014 Financial Results Net Sales $5.88 Million vs. last years $5.85 Million. Net income for the fiscal 2015 second quarter increased to $372,000, or $0.10 per diluted share, from net income of $153,000, or $0.04 per diluted share, a year earlier. "Results for both the second quarter and the year-to-date period reflect a previously highlighted strategy to focus on higher margin…

Jinpan Internatio (JST)

Comments & Business Outlook
CARLSTADT, N.J., Nov. 10, 2014 /PRNewswire/ -- Jinpan International Limited (Nasdaq: JST), a leading designer, manufacturer, and distributor of cast resin transformers, today announced that its special committee of the Company's Board of Directors (the "Special Committee") has retained Duff & Phelps, LLC ("Duff & Phelps") as its independent financial advisor. As previously announced, the…

Kandi Technolgies Corp Common (KNDIE)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Revenue for the third quarter grew 157.78% to $44.21 million from $17.15 million in the third quarter last year. Non-GAAP adjusted net income was $5.37 million, or approximately $0.12 per fully diluted shares, a 716.5% increase from net loss of $0.87 million, or -$0.02 for the same period of 2013. "Our third quarter…

Kandi Technologie (KNDI)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Revenue for the third quarter grew 157.78% to $44.21 million from $17.15 million in the third quarter last year. Non-GAAP adjusted net income was $5.37 million, or approximately $0.12 per fully diluted shares, a 716.5% increase from net loss of $0.87 million, or -$0.02 for the same period of 2013. "Our third quarter…

Lightinthebox Hol (LITB)

Comments & Business Outlook
BEIJING, Nov. 10, 2014 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced a strategic partnership with Baidu Dianxin, a leading global mobile app provider and fully-owned subsidiary of Baidu, in jointly developing global mobile markets. LightInTheBox provides global consumers in…

Neostem Inc. (NBS)

Hot Bio-Tech News
NEW YORK, Nov. 10, 2014 (GLOBE NEWSWIRE) -- NeoStem, Inc. (NBS), a biopharmaceutical company developing novel cell based therapeutics, announced today scheduling details regarding upcoming presentations at the American Heart Association Scientific Sessions of data from its Phase 2 PreSERVE AMI clinical trial evaluating NBS10 in the treatment of damaged heart muscle following a heart attack. NeoStem also plans to issue a press release following the first presentation and conduct an investor conference call and webcast…

Sciclone Pharmace (SCLN)

Comments & Business Outlook
Third Quarter 2014 Financial Results: Revenues in the third quarter of 2014 were $34.3 million, compared to $35.2 million for the same period in 2013. Non-GAAP basic earnings per share in the third quarter of 2014 were $0.17, compared to $0.18 for the same period in 2013. "One of our proudest achievements in the third quarter was securing the approval of DC Bead® by the China…

Silicon Motion Te (SIMO)

Comments & Business Outlook
MILPITAS, Calif., November 10, 2014 /PRNewswire/ -- Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announced the availability of its automotive grade PATA and SATA FerriSSD solutions designed for In-Vehicle-Infotainment (IVI) systems. Silicon Motion will showcase the FerriSSD Automotive IVI-Grade Solutions at the 2014 Electronica show in Munich, Germany…

Solar Power Inc. (SOPW)

Notable Share Transactions
ROSEVILLE, Calif.--(BUSINESS WIRE)-- SPI Solar (SOPW), a vertically integrated photovoltaic solar developer, today announced the completion of the private placement of its common stock for an aggregate price of $48.25 million, as previously announced on September 23, 2014. Net proceeds from the sale of the shares are intended to be used for expansion of SPI's global PV project activities, continued investment in…

Sunrise Mining Co (SUIP)

Deal Flow
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES. On November 7, 2014, the Company sold 700,000 shares of its common stock to an accredited investor for an aggregate purchase price of $100,000. The securities issued in the foregoing transaction were exempt from registration under Section 4(2) of the Securities Act and/or Rule 506 promulgated thereunder as a transaction by an issuer not involving a public offering. The Company placed legends on the certificate stating that the securities…

Sunrise Real Est (SRRE)

Reverse Merger Activity
Item 1.01 Entry into a Material Definitive Agreement. On November 10, 2014, the registrant, Sunrise Real Estate Group, Inc. ("Sunrise"), entered into a Share Purchase Agreement with Ace Develop Properties Limited (“Ace”) to issue 20 million shares to Ace for RMB 10,460,000 (US $1,700,000 equivalent). This agreement, subject to standard closing terms and conditions, is scheduled to close…

Sunrise Real Estate Group Inc (SRREE)

Reverse Merger Activity
Item 1.01 Entry into a Material Definitive Agreement. On November 10, 2014, the registrant, Sunrise Real Estate Group, Inc. ("Sunrise"), entered into a Share Purchase Agreement with Ace Develop Properties Limited (“Ace”) to issue 20 million shares to Ace for RMB 10,460,000 (US $1,700,000 equivalent). This agreement, subject to standard closing terms and conditions, is scheduled to close…

Viking Invts Grou (VKIN)

Acquisition Activity
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS On November 3, 2014, we entered into a Purchase and Sale, Petroleum and Natural Gas Conveyance Agreement (the “Agreement”), with Tanager Energy Inc., a Canadian corporation listed on the TSX Venture Exchange as a Tier 2 company and trading under the stock symbol “TAN” (“Tanager Energy”). Pursuant to the…

Xinyuan Real Esta (XIN)

Deal Flow
BEIJING, November 10, 2014 /PRNewswire/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN), a residential real estate developer with primary focus on high growth cities in China, today announced that the Company entered into a note redemption agreement with TPG Asia VI SF Pte. Ltd. (the "Holder") on November 7, 2014, pursuant to which the Company has agreed…


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