Agoracom Blog Home

Author Archive

« Older Entries
Newer Entries »

ChinaSecurities.com Small-Cap Company Feature: China Precision Steel

Posted by AGORACOM at 9:30 AM on Tuesday, May 18th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

China Precision Steel  (NASDAQ: CPSL)

Cpsl

China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips.

On February 16th 2010, the Company announced its fiscal 2010 second quarter results for the period ended December 31, 2009.

HIGHLIGHTS:

Third Quarter Highlights
— Revenue increased 293.4% year-over-year to a company record $30.0 million
— Sold a company record 36,953 total tons
— Gross profit was $3.4 million with gross margin of 11.4%
— Net profit was $2.0 million versus a net loss of $3.5 million in third  quarter 2009
— Fully diluted earnings per share were $0.04
— Backlog of $36.8 million as of March 31, 2010

Read Full Press ReleaseChina Stocks TV Segment

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | Comments Off on ChinaSecurities.com Small-Cap Company Feature: China Precision Steel

Chinese Small-Cap Company Feature: NF Energy Savings Corporation of America

Posted by AGORACOM at 9:30 AM on Tuesday, May 18th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

NF Energy Savings Corporation of America (OTC.BB: NFEC)

Nfes - header

NF Energy Saving Corporation (OTCBB:NFEC.ob – News) is a China-based provider of integrated energy conservation solutions utilizing energy-saving equipment, technical services and energy management re-engineering project operations to provide energy saving services to clients. The current revenues are primarily from its energy saving flow control products. Headquartered in Shenyang city of China, the Company currently has 225 employees and several proprietary energy saving technologies and patents.

On May 18th 2010, the Company reported financial results for its first quarter ended March 31, 2010.

Check out the full details below:

Read Full Press Release

Chinese Stocks TV Segment

HIGHLIGHTS

  • The new production facility is being constructed adjacent to the Company’s existing 100,000 ton biodiesel production facility and will expand the Company’s production capacity to 150,000 metric tons.
  • For full-year 2011, the new facility is expected to contribute at least $27 million and $9 million in revenue and net income, respectively.

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

George

Posted in China | Comments Off on Chinese Small-Cap Company Feature: NF Energy Savings Corporation of America

ChinaSecurities.com Small-Cap Company Feature: China Ritar Power Corp.

Posted by AGORACOM at 9:30 AM on Monday, May 17th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

China Ritar Power Corp – Nasdaq:CRTP

Crtp

China Ritar designs, develops, manufactures and markets environmentally friendly, lead acid batteries with a wide range of capacities and applications, including telecommunications, Uninterruptible Power Supply (UPS) devices, Light Electrical Vehicles (LEV), and alternative energy systems (solar and wind power). China Ritar sells, markets and services six series and 197 models of Ritar-branded, cadmium-free valve-regulated lead-acid (VRLA) batteries. Products are sold worldwide with sales in 81 countries including China, India, and numerous markets in Europe and the Americas.

On May 17th, 2010, the Company announced its financial results for the first quarter ended March 31, 2010.

Check out the full details below!

Read Full Press Release

China Stocks TV Segment

HIGHLIGHTS

First Quarter Highlights
— Revenue increased 51% year-over-year to $24.8 million
— Domestic sales increased to 26% of total revenue
— Gross profit increased 45% year-over-year to $4.8 million
— Net income increased 197% year-over-year to $1.6 million
— Fully diluted earnings per share were $0.07, up from $0.03 in first quarter 2009

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIESWe’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | Comments Off on ChinaSecurities.com Small-Cap Company Feature: China Ritar Power Corp.

ChinaSecurities.com Small-Cap Company Feature: China Wind Systems Inc.

Posted by AGORACOM at 9:30 AM on Friday, May 14th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

China Wind Systems Inc – Nasdaq:CWS

Cwsi

China Wind Systems supplies forged rolled rings to the wind power and other industries and industrial equipment to the textile and energy industries in China. With its newly finished state-of-the-art production facility, the Company plans to increase its production and shipment of high-precision rolled rings and other essential components primarily to the wind power and other industries.

On May 14th, 2010, the Company announced its financial results for the first quarter ended March 31, 2010.

Check out the full details below!

Read Full Press Release

China Stocks TV Segment

HIGHLIGHTS

First Quarter 2010 Highlights and Recent Events
— Net revenues increased 114.2% year over year to $16.8 million
— Revenue from the sale of forged products to the wind power and other industries increased 173.5% year over year to $11.8 million, or 70.4%
of net revenues
— Revenue from the sale of forged products exclusively to the wind power industry increased 155.2% year over year to $7.0 million, or 41.3% of
net revenue
— Operating income increased 188.0% year over year to $2.9 million
— Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 197.8% year over year to $3.5 million
— Net income increased 201.3% to $1.9 million, or $0.08 per diluted share
— In May 2010, commenced operation of its new electro-slag remelted (ESR) production line
— In May 2010, announced its agreement to provide trial forged components to Guangdong MingYang Wind Power Technology Co., Ltd.

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIESWe’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | Comments Off on ChinaSecurities.com Small-Cap Company Feature: China Wind Systems Inc.

ChinaSecurities.com Small-Cap Company Feature: New Energy Systems Group

Posted by AGORACOM at 9:30 AM on Friday, May 14th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

New Energy Systems Group (OTC.BB:NEWN)

New Energy Systems Group, is a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems for mobile phones, laptops, digital cameras, MP3s and a variety of other portable electronics. The company’s end-user consumer products are sold under the Anytone brand in China, and the company has begun expanding its international sales efforts.

On May 14th 2010, the Company announced financial results for the quarter ended March 31, 2010.

Check out the full details below:

Read Full Press Release

Chinese Stocks TV Segment

HIGHLIGHTS

First Quarter 2010 Highlights:
— Revenue increased 753% to approximately $22.5 million
— Gross profit increased 801% to approximately $6.4 million
— GAAP EPS increased 235% to $0.30 per diluted share
— Adjusted EPS increased 297% to $0.37 per diluted share
— Generated $6.6 million of cash flow from operations
— Reaffirms 2010 adjusted EPS guidance of $1.23 per diluted share

My Comments

These are record revenues and EPS according to the company.  More importantly, NEWN re-affirmed guidance of $1.23 EPS for 2010.  At a closing price of $7.97 yesterday, you have a company trading at 6.5X 2010 earnings, while growing revenues by 753% and GAAP EPS at 235%.

Unless there is a skeleton in the closet, this seems like tremendous value to me.  Let me know what you find.

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIESWe’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | Comments Off on ChinaSecurities.com Small-Cap Company Feature: New Energy Systems Group

Small-Cap CEO Lesson: Hedge Funds Are Now Monitoring Blog Posts As Part Of Their Black Box Trading

Posted by AGORACOM at 2:58 PM on Thursday, May 13th, 2010

Image Courtesy Of Amazon

Algorithmic trading – better known as black-box trading, algo trading and robo trading is widely used by pension funds, mutual funds and some hedge funds to generate and execute orders automatically.  These black boxes take into account almost any piece of relevant data you can think of, analyze them every nanosecond and execute trades accordingly.

According to this article from IR Magazine, Hedge Funds are now testing the addition of a very different element within their black boxes – a data feed produced by monitoring a group of financial commentators that includes bloggers.

The feed – put together by Alacra, a data aggregator – monitors the output of around 25,000 analysts by combing the web for their comments. This group contains a number of prominent bloggers, such as Barry Ritholtz (AGORACOM Online Conference Keynote Speaker), Henry Blodget, Felix Salmon and Fred Wilson.

(Another AGORACOM Online Conference Keynote Speaker, Paul Kedrosky, is also included in the list)

That’s right, they’re moving beyond raw data, bits and bites to include the written words of bloggers. Why?

“The trial is still at an early stage, but it shows how seriously the investment community is
taking the opinions of those working outside traditional media outlets.”

What is the Small-Cap CEO Lesson Here? If Hedge Funds believe bloggers are worth listening to when evaluating the markets at any given second, what are you doing to have your voice heard?  To be clear, I doubt the blog of a small-cap company is ever going to be included within Hedge Fund black boxes – but I unequivocally believe that small-cap investors would love to hear from you as they make their investment decisions.

(Hat Tip to Barry Ritholtz)

Regards,
George

Posted in All Recent Posts, Online Investor Relations, Small-Cap CEO Lessons | Comments Off on Small-Cap CEO Lesson: Hedge Funds Are Now Monitoring Blog Posts As Part Of Their Black Box Trading

Fire River Gold Announces 1.4 Opt (47 g/t) Gold Over 13 Ft (4 m) Nixon Fork Gold Mine, Alaska

Posted by AGORACOM at 12:00 PM on Thursday, May 13th, 2010

Fire River Gold Corp. continues to announce high grade assay results from the ongoing re-evaluation program from its 100% owned Nixon Fork Gold Mine Project in Alaska.

  • 1.4 opt (47 g/t) gold over 13 ft (4 m) in hole N07U033
  • 0.83 opt (28.5 g/t) gold over 15.5 ft (4.7 m) in hole N07U037
  • Results pending for 79 additional holes
  • Geological re-assessment work 45% complete; resource update Fall 2010

Posted in AGORACOM Clients (New) | Comments Off on Fire River Gold Announces 1.4 Opt (47 g/t) Gold Over 13 Ft (4 m) Nixon Fork Gold Mine, Alaska

Why Gold Record High? Gold Is Now Being Silently Recognized As The World’s Reserve Currency

Posted by AGORACOM at 9:04 AM on Wednesday, May 12th, 2010

Spot Price Of Gold

There is a risk in thinking that everyone understands this headline.  However, the fact of the matter is that gold is still misunderstood by most investors, especially in the United States.  Much of that has to do with the fact that gold gets very little respect from US financial media because most “guests” on these shows don’t generate revenue from gold.  Fund managers and brokers typically make their money by selling you stocks, bonds, mutual funds, etc.  because they provide the seller with an easy way to make commission.

Gold and for that matter, real estate, don’t provide financial advisors with an easy way to make commission.  Hence, when you hear advice about asset allocation in your investment portfolio, you always hear it in terms of stocks, bonds and cash.  No gold, no real estate.  You need to understand this if you are to truly understand why gold should be a part of your portfolio (we can talk about real estate another time).

Gold Is Now Being Silently Recognized As The World’s Reserve Currency

1-Year Gold Price Chart

What does this mean? The good people over at Technical Indicator Index summed it up as follows:

Gold hit a new all-time high Tuesday, both on an intraday and closing basis. Why? Gold is now silently being recognized as the world’s reserve currency. Fiat currencies are being printed at will with no accountability. This paper inflation is weakening the purchasing power of world currencies, and the risk of rendering them worthless is rising. Nations have elected to print and spend instead of stimulate economies through investment, tax reductions, and technological advances. Gold is now seen as a safehaven. Our conservative investment portfolio has a concentration in Gold, Mining Stocks, and Silver in anticipation of this fundamental expectation, and in response to technical analysis charts. We believe Gold is going much higher over the coming years.

Bottom line? Most world Governments are broke. Their broke at the Federal, State and Local levels.  The response has been to print and borrow more money.  You don’t need a fancy graph or chart to tell this is going to end badly.  Rather, just imagine what your grandfather would say if he was sitting beside you right now. When you’re broke, you cut spending, stop borrowing and sell assets to pay down your debt.  You make sacrifices and start all over again as best you can. As an individual or small business, this is what your lenders would force you to do.

Governments are no different except for the fact they can photocopy as much money as they need.  That’s fine and dandy in the short-term – but how much confidence would you have in the long-term prospects of someone that kept handing you photocopied IOU’s?

If you understand this concept, then you now understand why investors are losing confidence in currencies and turning to gold.

Regards,
George

Posted in All Recent Posts, Gold $2,000 | Comments Off on Why Gold Record High? Gold Is Now Being Silently Recognized As The World’s Reserve Currency

itiBiti Strikes Strategic Partnership Agreement

Posted by AGORACOM at 1:00 PM on Tuesday, May 11th, 2010

itiBiti Strikes Strategic Partnership Agreement with Leading Edge Sports and Venue Agency

  • Itibiti Systems Inc. today announced that it has signed a partnership agreement withSan Francisco based Ballena Technologies Inc. and Seats3D.com
  • Ballena is a leading edge technology and marketing agency, servicing over 160 online venues for Live Nation, NBA, NFL, MLB, NHL, NCAA, NASCAR as well as a host of others. itiBiti and Ballena will work together to represent itiBiti’s white label revenue driven, social media platform to sports teams, venue owners and operators.
  • Ballena and itiBiti will also look towards the introduction of other associated applications to increase the fan experience and maximize revenues for clients. Ballena’s clients will be eligible for itiBiti’s guaranteed 5 Million users program, which will allow for the increased reach for user programs, as announced on March 23, 2010.

Posted in AGORACOM Clients (New) | Comments Off on itiBiti Strikes Strategic Partnership Agreement

ChinaSecurities.com Small-Cap Company Feature: Renesola

Posted by AGORACOM at 9:35 AM on Monday, May 10th, 2010

As many of you know, we are very bullish on the long-term future of Chinese small cap and mid cap companies for two reasons:

1] The obvious reason – China is the fastest growing economy on the planet and nothing is going to slow down its ascent over the next 50 years and beyond. Investing in growth companies there just makes too much sense.

2] Great Results and Valuations – Many Small Cap Chinese Companies are listing in the US (OTCBB, NYSE Alternext and NASDAQ) with great financial results. Unlike many dubious US Small Cap Companies, Chinese Companies don’t seem to believe in losing money or failing to execute in a business plan. As such, 7-digit revenues and profits are very common.

From a valuation point of view, many Chinese companies became a victim of their own success in Q4 2008 and Q1 2009. Why? When the world needed to start liquidating, one of the first places they looked were China where most investors had significant gains to sell into. This resulted in the proverbial baby being thrown out with the bathwater and some great valuations.

TODAY’S FEATURED COMPANY

Renesola (NYSE:SOL)

Sol - header

ReneSola is a leading global manufacturer of solar wafers. Capitalizing on economies of scale, low-cost production capabilities and technological innovations, ReneSola leverages its in-house virgin polysilicon and solar cell and module production capabilities to provide its customers with high-quality, cost-competitive solar wafer products and solar module OEM services. The Company possesses a global network of suppliers and customers that include some of the leading global manufacturers of solar cells and modules.

On May 10th, 2010, the Company announced its financial results for the first quarter ended March 31, 2010.

Check out the full details below!

Read Full Press Release

China Stocks TV Segment

First Quarter 2010 Financial and Operating Highlights

— Total solar product shipments in Q1 2010 were a record 242.4 megawatts (“MW”), an increase of 12.6% from 215.2 MW in Q4 2009.

— Q1 2010 net revenues were US$206.6 million, an increase of 14.8% from US$179.9 million in Q4 2009.

— Q1 2010 gross profit was US$35.3 million with a gross profit margin of 17.1%, compared to a gross margin of negative 0.6% in Q4 2009.

— Q1 2010 operating income was US$21.2 million with an operating margin of 10.3%, compared to an operating margin of negative 11.4% in Q4 2009.

— Q1 2010 net income was US$11.8 million, representing basic and diluted earnings per share of US$0.07, and basic and diluted earnings per

American depositary share (“ADS”) of US$0.14.

— The Company generated strong positive cash flow in Q1 2010 and reduced inventory carrying cost to US$54 per kilogram at the end of Q1 2010 with an average carrying cost of US$60 per kilogram during the quarter.

YOUR RESEARCH STARTING POINTS FOR CHINESE SMALL CAP AND MID CAP COMPANIES

We’ve provided investors with two great starting points to research great Chinese small cap and mid cap companies.

1. ChinaSecurities.com – ChinaSecurities.com tracks 250 of the best small cap and mid cap companies trading on North American exchanges. It provides you with the best of the best in two ways. First, the front page lists the best news of the day coming out of the space. It does so by giving you a text view of the best press releases by industry and via Chinese Stocks TV, a 5-minute broadcast every morning just after the open. Chinese Stocks TV is archived, so you can catch up on shows you missed.

Second, if you want to research each of the 250 companies to find candidates for your portfolio, it has a very intuitive directory that lets you quickly review each company on the master list, or parse it out by industry and exchange if you have a particular sector of interest. Cool stuff.

2. Right here on AGORACOM, you can refer to our China category for other featured Chinese Small-Cap Companies. As always, we will disclose any IR relationship with any public company. Given the sheer number of great Chinese Small-Cap Companies out there, you can expect us NOT to have an IR relationship with most of these companies.

Regards,
George

Posted in China | Comments Off on ChinaSecurities.com Small-Cap Company Feature: Renesola

« Older Entries
Newer Entries »