Great China INTL HLDGS (OTC BB:GCIH)

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All Comments & Business Outlook

Tuesday, May 22, 2012

Comments & Business Outlook

GREAT CHINA INTERNATIONAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS)
FOR THE THREE MONTHS ENDED MARCH 31,2012 AND 2011
(UNAUDITED)

			MARCH 31
			2012		2011

Revenues
	Rental income		$	1,458,515	$	1,227,373
	Management fee income			514,324		484,530
	Total revenues			1,972,839		1,711,903

Cost of revenues
	Rental cost			999,801		1,006,297
	Management fee cost			582,908		572,502
	Total cost of revenues			1,582,709		1,578,799

	Gross profit			390,130		133,104

Operation expenses
	Selling expenses			17,041		17,872
	General and administrative expenses			468,237		666,974
	Depreciation and amortization			22,224		21,532
	Total operation expenses			507,503		706,378

Loss from operations				(117,373)		(573,274)

Other income (expense)
	Disposal of parking lots income			-		281,069
	Other income, net			33,734		51,169
	Interest and finance costs			(542,648)		(492,740)

		Total other expense		(508,915)		(160,502)

Net Loss				(626,287)		(733,775)

Other comprehensive income (loss):
	Foreign currency translation adjustment			(16,639)		216,551

Comprehensive loss			$	(642,926)	$	(517,224)


Net income (loss) per share
	Basic		$	(0.05)	$	(0.04)
	Diluted		$	(0.05)	$	(0.04)

Weighted average number of shares outstanding
	Basic			11,759,966		11,759,966
	Diluted			11,759,966		11,759,966

The accompanying notes are integral part of these unaudited consolidated financial statements.

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Monday, December 12, 2011

Comments & Business Outlook

			Three Months Ended September 30				Nine Months Ended September 30
			2011		2010		2011		2010
Revenues:
	Real estate sales		$	-	$	386,455	$	-	$	1,078,195
	Rental income			1,291,349		1,091,452		3,869,589		3,240,727
	Management fee income			502,300		470,120		1,491,467		1,394,587
		Total revenues		1,793,649		1,948,027		5,361,056		5,713,509
Cost of revenues:
	Real estate cost			-		116,247		-		747,488
	Rental cost			1,107,951		1,409,514		3,418,064		2,867,186
	Management fee cost			362,346		10,560		1,193,414		993,550
		Total cost of revenue		1,470,298		1,536,321		4,611,478		4,608,225

	Gross profit			323,351		411,706		749,578		1,105,284

Operating expenses:
	Selling expenses			24,280		13,625		58,896		41,468
	General and administrative expenses			354,490		869,871		1,342,797		1,676,713
	Depreciation and amortization			26,045		51,829		79,284		146,622
		Total operating expenses		404,815		935,325		1,480,977		1,864,803

	Loss from operations			(81,463)		(523,620)		(731,399)		(759,520)

Other income (expense):
	Land leveling income			-		212,646		-		212,646
	Disposal of parking lots income			439,181		-		828,038		-
	Other income, net			57,048		19,416		161,294		118,509
	Interest and finance costs			(507,427)		(460,349)		(1,659,490)		(1,436,796)
		Total other income, net		(11,198)		(228,287)		(670,158)		(1,105,641)

	Loss before income taxes			(92,662)		(751,907)		(1,401,558)		(1,865,161)

	Net loss			(92,662)		(751,907)		(1,401,558)		(1,865,161)

Other comprehensive income				366,036		382,618		928,943		346,228

	Comprehensive (loss) income		$	273,374	$	(369,290)	$	(472,614)	$	(1,518,933)

Net (loss) income per share:
	Basic and diluted		$	0.02	$	(0.03)	$	(0.04)	$	(0.13)

Weighted average number of shares outstanding:
	Basic and diluted			11,759,966		11,759,966		11,759,966		11,759,966

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Tuesday, August 16, 2011

Comments & Business Outlook

GREAT CHINA INTERNATIONAL HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME/(LOSS)
FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED JUNE 30, 2011 AND 2010
(UNAUDITED)

			THREE MONTH ENDED				SIX MONTH ENDED
			JUNE 2011		JUNE 2010		JUNE 2011		JUNE 2010
Revenues
	Real estate sales			-	$	448,112	$	-	$	691,740
	Rental income			1,350,866		1,061,164		2,578,240		2,149,275
	Management fee income			504,637		465,857		989,167		924,468
		Total revenues		1,855,503		1,975,133		3,567,407		3,765,483

Cost of revenues
	Real estate cost			-		397,407		-		631,241
	Rental cost			1,292,882		490,945		2,310,113		1,457,672
	Management fee cost			258,565		532,357		831,067		882,053
	Total cost			1,551,447		1,420,709		3,141,180		2,970,966
		Gross profit		304,056		554,424		426,226		794,517

Operation expenses
	Selling expenses			16,744		8,669		34,616		27,843
	General and administrative expenses			321,283		365,661		988,307		907,780
	Depreciation and amortization			42,691		47,851		53,239		94,792
		Total operation expenses		380,717		422,181		1,076,162		1,030,415
Loss from operations				(76,662)		132,243		(649,935)		(235,898)

Other income (expense)
	Disposal of parking lots income			107,787		-		388,857		-
	Other income, net			53,076		65,318		104,246		99,093
	Interest and finance costs			(659,322)		(498,069)		(1,152,063)		(976,447)
		Total other income, net		(498,458)		(432,751)		(658,960)		(877,354)
Income (loss) before income taxes				(575,120)		(300,508)		(1,308,896)		(1,113,252)

Provision for income taxes				-		-		-		-
Net income (loss)				(575,120)		(300,508)		(1,308,896)		(1,113,252)
Other comprehensive income (loss):
	Foreign currency translation adjustment			346,356		(71,503)		562,907		(36,390)
Comprehensive income (loss)				(228,764)	$	(372,011)	$	(745,988)	$	(1,149,642)
Net income (loss) per share
	Basic			(0.02)	$	(0.03)	$	(0.06)	$	(0.09)
	Diluted			(0.02)	$	(0.03)	$	(0.06)	$	(0.09)
Weighted average number of shares outstanding
	Basic			11,759,966		11,759,966		11,759,966		11,759,966
	Diluted			11,759,966		11,759,966		11,759,966		11,759,966
The accompanying notes are integral part of these unaudited consolidated financial statements.

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