GeoMember Drexion's take on CNYD 2010 year end conference call:
1) Visitors to Toulou tourist attraction going to be around 160 thousand in 2010 (This could add another $3.5 million to 2010 revenues. In 2009 Toulou visitors and revenues were around 50.0 thousand in 2009 and $1.7 million, respectively)
2) Yunding tourist venture 2010 revenues are expected to increase 50M RMB ($7.3 million).
3) Train segment did $1.6 million revenue in 2009 and they expect 3.5x to 5x in 2010. So assume 4x or an additional $4.5 million revenue in 2010.
My 2010 revenue calculation:
$3.5 + $7.3 + $4.5 = $15.3 million of incremental revenue gains.
Total 2009 revenue was $51.2 million. This brings us to $66.5 million or 30% revenue growth.
This is not including ANY:
If you tack that expected growth on as well, that means another $9.65 million revenue more or $76.15 million revenue expected for 2010.
$76.15 million would mean = 49% revenue growth... And this is with a conservative 10% growth for FE-TV and 35% for Golden-Lake.
Note: This does not include any possible acquisitions from the latest financing deal.
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