Changda International Holdings (OTC:CIHD)
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Wednesday, July 13, 2011 | Web News
WEIFANG, China--(BUSINESS WIRE)--Changda International Holdings, Inc. (OTCBB: CIHD) the Weifang based specialty chemicals manufacturer and fertilizers producer today...
Sunday, April 3, 2011 | Web News
In order to improve our performance and competitiveness, we are constructing our Heze fertilizer plant and are preparing to expand our Thiophene product line. We have already invested...
Sunday, April 3, 2011 | Web News
Changda International Holdings, Inc. Consolidated Statements of Operations and Other Comprehensive Income For the years ended December 31, 2010 and 2009...
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At least one FIE exists in the corporate structure

Condensed Consolidated Statements of Operations and Other Comprehensive Income

         
Six months ended
 June 30,
    
Three months ended
 June 30,
  
   
Note
    
2012
    
2011
    
2012
    
2011
  
         
US$’000
    
US$’000
    
US$’000
    
US$’000
  
         
(unaudited)
    
(unaudited)
    
(unaudited)
    
(unaudited)
  
                               
Operating revenues
           43,233       56,965       22,274       30,689  
                                       
Cost of sales
           (38,894 )     (47,539 )     (20,055 )     (25,668 )
                                       
Gross profit
           4,339       9,426       2,219       5,021  
                                       
Operating expenses
                                      
Impairment of property, plant and equipment
     9       (435 )     -       -       -  
 Depreciation of property, plant and equipment
             (285 )     (200 )     (142 )     (74 )
 Amortization of intangible assets
             (1 )     -       -       -  
 Amortization of prepaid lease expenses
             (33 )     (32 )     (17 )     (16 )
 Selling, general and administrative expenses
             (2,470 )     (2,905 )     (1,119 )     (1,482 )
                                         
Operating income
             1,115       6,289       941       3,449  
                                         
 Other income
             38       20       4       16  
 Interest income
             38       32       24       25  
 Interest expenses
             (516 )     (414 )     (265 )     (228 )
 Other finance cost
             -       (142 )      -       (142 )
                                         
Income before income taxes
             675       5,785       704       3,120  
                                         
Income taxes
     5       (604 )     (1,300 )     (152 )     (694 )
                                         
Net income
             71       4,485       552       2,426  
                                         
Other comprehensive income
                                        
 Foreign currency translation adjustment
             375       817       106       583  
                                         
Total comprehensive income
             446       5,302       658       3,009  
                                         
                                         
Earnings per common share($)
     3                                  
 Basic
             0.003       0.22       0.03       0.12  
 Diluted
             0.003       0.22       0.03       0.12  
                                         
                                         
Weighted average number of common shares outstanding
      3                                  
 Basic
             20,509,123       20,259,428       20,509,123       20,509,123  
 Diluted
             20,509,123       20,288,973       20,509,123       20,512,689  

Web site: http://www.changdastock.com/

Last updated August 16, 2012


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