China Electronics Hldgs Inc (OTC:CEHD)
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Tuesday, July 27, 2010

Three Months Ended March 31, 2010 Compared to Three Months Ended March 31, 2009
  
    
    
  
$
  
  
%
  
   
2010
    
2009
    
Change
    
Change
  
Revenue
  
$
26,598,134
    
$
7,183,590
    
$
19,414,544
      
270.3
  
Cost of goods
    
21,861,352
      
6,100,206
      
15,761,146
      
258.4
  
Gross profit
    
4,736,782
      
1,083,384
      
3,653,398
      
337.2
  
Operating expenses
    
454,547
      
23,387
      
431,160
      
1,843.6
  
Net Operating Income
    
4,282,235
      
1,055,997
      
3,226,238
      
305.5
  
Income taxes
    
498
      
708
      
210
      
(29.7)
  
Net income
    
4,279,764
      
1,056,042
      
3,223,722
      
75.3
  

____________________________________________________________________________

Fiscal Year Ended December 31, 2009 Compared to the Fiscal Year Ended December 31, 2008

  
    
    
  
$
  
  
%
  
   
2009
    
2008
    
Change
    
Change
  
Revenue
  
$
47,671,380
    
$
55,107,177
    
$
(7,435,797
)
    
(13.5
) 
Cost of goods
    
37,766,469
      
47,104,992
      
(9,338,523
) 
    
(19.8
) 
Gross profit
    
9,904,912
      
8,002,185
      
1,902,727
      
23.8
  
Operating expenses
    
159,668
      
7,957,589
      
(7,797,921
) 
    
(98.0
) 
Net Operating Income
    
9,745,244
      
44,956
      
9,700,288
      
21,577.3
  
Income taxes
    
-
      
-
      
-
      
-
  
Net income
    
9,743,245
      
44,522
      
9,698,723
      
21,784.1
  

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