Xinyinhai Tech (PINK:XNYH)

GeoProfile
Overview
GeoResearch
Message Board
Alerts Log
GeoWire Log
Third party data
Quote
Level II
Historical Prices
Options
Profile
Financials
Charts
News
Filings
Insiders

Sunday, August 22, 2010

2010 second quarter business conditions have not changed since the first quarter filing.

3 months 2010 vs. 2009 6 months 2010 vs. 2009

Revenues (Note 3)	$	1,888,981		$	2,111,659		$	4,063,359		$	4,508,640
Cost of revenues		(1,202,001	)		(1,354,153	)		(2,565,291	)		(2,875,181	)

Gross profit		686,980			757,506			1,498,068			1,633,459

Operating expenses
Selling and distribution expenses		47,369			66,697			118,358			187,963
General and administrative expenses		242,169			217,784			391,460			503,700

Total expenses		289,538			284,481			509,818			691,663

Income from operations		397,442			473,025			988,250			941,796
Interest income		1,779			5,465			2,998			6,047
Other income		1,737			7,423			3,012			16,411
Finance costs (Note 4)		(63,315	)		(14,891	)		(102,521	)		(15,088	)

Income before income taxes and
noncontrolling interests		337,643			471,022			891,739			949,166
Income taxes (Note 5)		(39,275	)		(58,001	)		(103,520	)		(122,675	)

Net income before noncontrolling interests		298,368			413,021			788,219			826,491
Net income attributable to noncontrolling interests		(30,755	)		(46,012	)		(80,643	)		(92,193	)

Net income attributable to Xinyinhai Technology, Ltd. common stockholders	$	267,613		$	367,009		$	707,576		$	734,298

Net income before noncontrolling interests		298,368			413,021			788,219			826,491

Other comprehensive income/(loss)
Foreign currency translation adjustments		63,115			1,578			63,239			(16,844	)

Comprehensive income		361,483			414,599			851,458			809,647

Comprehensive income attributable to
noncontrolling interests		(37,217	)		(46,274	)		(87,122	)		(90,509	)

Comprehensive income attributable to
Xingyinhai Technology, Ltd. common
stockholders	$	324,266		$	368,325		$	764,336		$	719,138

Earnings per share attributable to Xinyinhai Technology, Ltd. (Note 6) : basic
and diluted	$	0.01		$	0.02		$	0.04		$	0.04

Weighted average number of
common stock outstanding		19,484,029			19,484,029			19,484,029			19,484,029

Removed from GeoSpecial on the Radar list

Permalink