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Nice little boost to the margins as well, quite impressive ... id be buying more if i didnt already have a nice position here.
Wow, nice YoY growth for the same Q ... definitely a winner when the big boys finally notice it.
Boyuan reports FY 2010 third quarter financial results - May 28, 2010
http://www.cnxmarketlink.com/en/releases/archive/May2010/28/c7583.html or here: http://www.boyuangroup.com/usercontent/pdf/BOY_2010Q2.pdf
Selected Third Quarter Financial Highlights
All filings can be found here:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026251
Boyuan begins new construction projects on Hainan Island valued at US $14.6 million - May 26, 2010
http://www.cnxmarketlink.com/en/releases/archive/May2010/26/c6582.html
Boyuan receives conditional approval to graduate to the TSX
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b6EBB221E-D599-4BE5-8E9E-7B83D249900C%7d&symb=BOY
Thought I'd repost this for those that missed it earlier.
Plus, in addition to their website, you can now follow them on http://www.twitter.com/boyuangroup
Most recent projects signed in 2010:
Boyuan signs new construction project contract in China's Shandong Province valued at US $22 million
Jan 26, 2010
http://finance.yahoo.com/news/Boyuan-signs-new-construction-cnw-3078225059.html?x=0&.v=1
Boyuan awarded contract valued at US $18.1 million
Feb 4, 2010
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b37D99369-DD75-4467-AE0D-28ECCA0D3425%7d&symb=BOY
New construction project valued at US $6.9 million
April 6, 2010
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b12980446-D21F-4375-826E-B19F00188776%7d&symb=BOY
Boyuan awarded contract valued at US $23.3 million
May 3, 2010
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b4B382676-744A-498E-91CF-F78C0E7D48FB%7d&symb=BOY
This is impressive...
Boyuan has signed five major contracts in Shandong since entering the
market in September, 2009. With today's contract award, Boyuan's aggregate
value of contracts signed thus far in Shandong is US $94 million.
yeppers... this won't be quiet long. Especially, once it uplists. ;)
Boyuan awarded contract valued at US $23.3 million
- Commercial project will be Boyuan's tallest building to date -
TORONTO, May 3 /CNW/ - Boyuan Construction Group, Inc. (TSX-V: BOY &
BOY.DB), a fast-growing construction company in China of commercial,
residential and municipal infrastructure projects, announced today that it has
initiated the building of a commercial project valued at US $23.3 million. The
35-storey, 115,000 square meter building will be developed in the city of
Weifang, in China's Shandong province. The project is expected to be completed
by the fourth quarter of 2012. When completed, the building will represent the
tallest ever constructed by Boyuan.
"Since expanding into Shandong province last September, we have been very
encouraged by the number of opportunities that have emerged where we can apply
our commercial and residential construction expertise," said Mr. Cai Liang
Shou, Chairman of Boyuan Construction Group. "Our latest contract win is
significant in that it shows continued growth in both the value and size of
our projects in the region."
As a Class 1 general contractor, Boyuan is licensed to construct
buildings up to 40 storeys tall.
Boyuan has signed five major contracts in Shandong since entering the
market in September, 2009. With today's contract award, Boyuan's aggregate
value of contracts signed thus far in Shandong is US $94 million.
Shandong is one of China's most economically diversified provinces with
high concentrations of manufacturing as well as oil and gas production
activities. Weifang, one of Shandong's principal cities, has a population of
8.5 million people.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the
business of residential and commercial building construction, municipal
infrastructure and engineering projects. In its last four fiscal years ending
June 30, 2009, Boyuan completed more than 125 projects for a number of private
and public sector clients including Cargill and the Dalian Shide Group, a
billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE.
Boyuan's current backlog includes residential, industrial and mixed-use
developments, including a five-star hotel and a project at the Qingshan
Nuclear Plant, China's first and largest nuclear facility. From its operating
bases in Zhejiang Province and on Hainan Island, Boyuan focuses on
construction projects in China's fast-growing regions of the Yangtze River
Delta, the city of Sanya and Shandong Province. For more information visit
www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup.
http://www.cnxmarketlink.com/en/releases/archive/May2010/03/c7721.html
These prices will change once it uplists. Along with the volume. ;)
Just picked up 1,000 shrs @ 2.56....why this has weakened is a mystery to me.
I also found out recently you can buy BOY.V through TD Ameritrade, but you must call it in, at internet rate( 9.99 )
You must use the symbol BOY CN....
GLA
Buy the quiet, sell the riot.
Agreed about SIVC, it was necessary. They seem to have their hands in a lot of stocks, especially some good China ones with bright futures.
I like BOY a lot at these prices and will quietly accumulate.
Yes, it is terrific news for BOY. What surprises me is the low volume here. I'm thinking BOY picks up once it uplists to the TSX.
Btw, this is just one that S3 holds shares in.
If you look at S3's history it had lost 3 deals in 2008 due to the world economy and that put it behind. The dilution kept the doors open. And, there are new deals in the pipeline.
In Reply To 'kuwlness'
Great news for BOY ... i see you're in SIVC as well. Great long-term potential there if they can keep the dilution in check
S3 Investment Company Comments on Conditional TSX Listing Approval for Redwood Capital Client
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b702E805F-6E1B-4BFF-8936-931FBDA61A6E%7d&symb=BOY
BOY Common Stock and Debentures Conditionally Approved to Graduate to the Toronto Stock Exchange
9:59 AM ET, April 19, 2010
DANVILLE, CA, Apr 19, 2010 (MARKETWIRE via COMTEX) -- S3 Investment Company, Inc. (PINKSHEETS: SIVC) and its wholly owned Redwood Capital subsidiary today commented on the recent announcement that a Redwood Capital client has received conditional approval to graduate from the TSX Venture to the Toronto Stock Exchange (TSX).
Boyuan Construction Group, Inc., a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced on April 15, 2010 that it had received conditional approval to graduate from the TSX Venture Exchange and list its common shares and debentures on the Toronto Stock Exchange (TSX). Final approval is subject to Boyuan meeting certain conditions and requirements. The company's common stock currently trades on the TSX Venture under the symbol BOY and its debentures under the symbol BOY.DB.
Redwood Capital, which assists private Chinese companies in accessing the North American capital markets by achieving reverse merger and financing transactions, acted as the Chinese merchant banking advisor for Boyuan Construction Group when it became listed on Canada's TSX Venture Exchange. As part of its compensation for its services, Redwood Capital received shares of Boyuan common stock.
"The expected graduation of Boyuan Construction Group to the TSX is just another indication of the success of the Redwood Capital client as a public company and its long-term potential in the public markets," said S3 Investment Company Chairman and CEO Jim Bickel. "We would like to congratulate both the management and stockholders of Boyuan Construction, which we are proud to count ourselves among, on this announcement, and we look forward to sharing in the company's future's success."
Mr. Bickel recently met with the Chairman of Boyuan Construction Group during a trip to China in support of S3's operating subsidiaries, including Redwood Capital.
The value of the stock payments that Redwood Capital receives from its clients' transactions is reflected in the company's consolidated financial reports posted at www.otcmarkets.com.
To sign up to receive information by email directly from S3 Investment Company when new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.s3investments.com/investors/.
About S3 Investment Company, Inc. S3 Investment Company, Inc. (http://www.s3investments.com) and its Redwood Group International subsidiary are focused on facilitating the success of two subsidiaries operating in the China market. Redwood Capital, Inc. assists private Chinese companies in accessing the North American capital markets by utilizing a network of investment banking relationships to achieve reverse merger transactions. For more information, please visit http://www.redwoodcapinc.com. Redwood Medical, Inc. assists companies seeking to import and distribute Western medical technologies and products into the China market.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. S3 Investment Company, Inc. undertakes no obligation to update any such statements to reflect actual events.
Contacts
S3 Investment Company
Investor Relations
951-200-4107
Boyuan receives conditional approval to graduate to the TSX
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b6EBB221E-D599-4BE5-8E9E-7B83D249900C%7d&symb=BOY
TORONTO, Apr 15, 2010 (Canada NewsWire via COMTEX) -- Boyuan Construction Group, Inc., (TSX-V: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has received conditional approval to graduate from the TSX Venture and list its common shares and debentures on the Toronto Stock Exchange (TSX). Final approval is subject to Boyuan meeting certain conditions and requirements.
Boyuan expects to satisfy all requirements and that its common shares and debentures will begin trading on the TSX in the coming weeks. In the interim, Boyuan's common shares and debentures will continue to trade on the TSX Venture Exchange under the symbols BOY and BOY.DB, respectively.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province. For more information visit www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this press release includes, but is not limited to, the Company's expectations regarding the Company satisfying all requirements of the TSX conditional listing approval and graduating the Company's listing to the TSX. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's Annual Information Form for the fiscal year ended June 30, 2009 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Boyuan Construction Group, Inc.
Boyuan Construction Group, Inc., Mr. Paul Law, CFO, + (852) 9329 5088,
paullaw@zjboyuan.com.cn; The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext.
243, jracanelli@equicomgroup.com
Boyuan receives conditional approval to graduate to the TSX
TORONTO, April 15 /CNW/ - Boyuan Construction Group, Inc., (TSX-V: BOY &
BOY.DB) a fast-growing construction company in China of commercial,
residential and municipal infrastructure projects, announced today that it has
received conditional approval to graduate from the TSX Venture and list its
common shares and debentures on the Toronto Stock Exchange (TSX). Final
approval is subject to Boyuan meeting certain conditions and requirements.
Boyuan expects to satisfy all requirements and that its common shares and
debentures will begin trading on the TSX in the coming weeks. In the interim,
Boyuan's common shares and debentures will continue to trade on the TSX
Venture Exchange under the symbols BOY and BOY.DB, respectively.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the
business of residential and commercial building construction, municipal
infrastructure and engineering projects. In its last four fiscal years ending
June 30, 2009, Boyuan completed more than 125 projects for a number of private
and public sector clients including Cargill and the Dalian Shide Group, a
billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE.
Boyuan's current backlog includes residential, industrial and mixed-use
developments, including a five-star hotel and a project at the Qingshan
Nuclear Plant, China's first and largest nuclear facility. From its operating
bases in Zhejiang Province and on Hainan Island, Boyuan focuses on
construction projects in China's fast-growing regions of the Yangtze River
Delta, the city of Sanya and Shandong Province. For more information visit
www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes
forward-looking information, which is information relating to future events or
the Company's future performance and which is inherently uncertain. All
information other than statements of historical fact may be forward-looking
information. Forward-looking information is often, but not always, identified
by the use of words such as "seek", "anticipate", "budget", "plan",
"continue", "estimate", "expect", "forecast", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might", "should",
"believe" and similar words or phrases (including negative variations)
suggesting future outcomes or statements regarding an outlook. Forward-looking
information contained in this press release includes, but is not limited to,
the Company's expectations regarding the Company satisfying all requirements
of the TSX conditional listing approval and graduating the Company's listing
to the TSX. Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward-looking information.
The Company believes the expectations reflected in the forward-looking
information are reasonable but no assurance can be given that these
expectations will prove to be correct and readers are cautioned not to place
undue reliance on forward-looking information contained in this press release.
Some of the risks and other factors which could cause results to differ
materially from those expressed in the forward-looking information contained
in this press release include, but are not limited to: risk of macro-economy
cycle, risk from competition, risk from insufficient marketing to secure new
projects, risk in obtaining additional financing, risk involving permits and
licences, reliance on key management member, risk from supply of raw
materials, risk of financial leverage, risk of bad debts in accounts
receivables, risk involved in real estate development, foreign exchange
fluctuations, political and economic conditions in China and other risks
included in the Company's Annual Information Form for the fiscal year ended
June 30, 2009 and in the Company's public disclosure documents filed with
certain Canadian securities regulatory authorities and available at
www.sedar.com. The forward-looking information contained in this press release
are made as of the date hereof and the Company undertakes no obligation to
update publicly or revise any forward-looking information, whether as a result
of new information, future events or otherwise, except as otherwise required
by law.
Thanx for the heads-up, hadnt been paying much attention to this one lately to be honest.
Looks like a nice buying opportunity.
Well, it looks like sub $3 is available again. Odd...
New construction project valued at US $6.9 million
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b12980446-D21F-4375-826E-B19F00188776%7d&symb=BOY
Boyuan begins new construction project valued at US $6.9 million
An excerpt:
Wish I'd been able to catch some during yesterdays nosedive. It popped up nicely today. But, these low volume stocks sure can be volatile.
More from their financials...
Go to their website for the complete report:
http://micro.newswire.ca/release.cgi?rkey=1803015765&view=66520-0&Start=0&htm=0
Business Highlights in Q2 and Subsequent to Quarter End
- Continued expansion of operations into Shandong, one of China's fastest growing regions.
- Following overwhelming shareholder approval at its annual meeting in Toronto, the Company changed the location of its registered office to Ontario and ratified its stock option plan.
- Signed four new construction project contracts with an aggregate value of $76.6 million. The agreements encompass residential, commercial and hotel construction projects on Hainan Island and Shandong Province, Boyuan's newest market.
Review of Financial Results
Revenue for the second quarter ended December 31, 2009 was $37.6 million, up 60.8% from $23.4 million for Q2 of FY2009. Revenue for the first six months of FY2010 was $72.6 million, compared to $44.7 million for the same period in FY2009.
Boyuan recognizes revenue on the percentage-of-completion method. The significant year-over-year growth in revenue was primarily attributable to an increase in the number of successful project bids by the Company as well as to an increase in demand for construction and engineering services in the Yangtze River Delta region and Hainan Island, Boyuan's core markets. Subsequent to quarter end, Boyuan has experienced strong demand for its services from Shandong province, a new market for the Company. Higher demand for construction and engineering services is due to ongoing urban migration and an expansion of China's middle class, which drive the need for new housing, commercial and public infrastructure projects.
Cost of construction for the second quarter of FY2010 was $30.9 million compared to $20.2 million for Q2 of FY2009. Cost of construction for the first six months of FY 2010 was $60.2 million, up from $38.4 million for the comparable period in FY2009. The increase was primarily as a result of higher expenses associated with greater project volume and an expanded work force. Cost of sales includes all direct material, labor, subcontract and other related costs, such as equipment repairs.
Gross profit for the second quarter of FY2010 was $6.7 million, or 17.8% of revenue, compared to $3.2 million, or 13.6% of revenue, for the same period of FY2009. Gross profit for the first six months of FY2010 was $12.4 million, or 17.1% of revenue, compared to $6.2 million, or 13.9% of revenue, for the same period of FY2009. The year-over-year improvement in gross profit margins in Q2 by 410 basis points was due to a higher percentage of revenue contributed from higher margin projects, particularly in Hainan Island, where the Company experiences strong demand for its services but faces limited competition, and a lower than average gross margin in Q2 FY2009. Historically, the norm for the Company's gross margins is 15%.
Net income for the second quarter of FY2010 was $3.5 million, or $0.14 per fully diluted share, compared to net income of $2.4 million, or $0.10 per fully diluted share, for Q2 of FY2009.
Net income for the six-month period was $3.3 million, down 25.2% from $4.4 million for the same period of FY2009. The decline is attributable to a non-cash stock-based compensation charge of $3.2 million that the Company incurred in the first quarter of FY2010. As previously reported, the charge related to the fair value transfer of shares under the make good provision of a financing agreement signed in July 2009. The charge is in full compliance with Canadian generally accepted accounting principles.
As specified by the Company's make-good provision of the July financing agreement, Boyuan forecasted an after-tax net income of $8.5 million for the fiscal year ended June 30, 2009. As a condition of the make-good provision, Boyuan's Chairman put 3.2 million shares in escrow and would have transferred 1.6 million shares to investors if the forecast target had not been met. As reported previously, the Company generated $9.6 million in adjusted after tax net income for FY 2009. As a result, 1.6 million shares previously held in escrow were returned to Chairman Shou during the quarter, resulting in a make good charge of $3.2 million.
Excluding the make-good provision charge, adjusted net income for the six month period ended December 31, 2009 was $6.5 million, or $0.26 per share diluted, which compares to $4.4 million, or $0.18 per share diluted, for the same period in FY2009. The Company believes that adjusted net income is more representative of its profitability and performance since the make good charge is a non-cash accounting charge and not related to its business activities.
The Company had cash, cash equivalents and restricted cash totaling $4.9 million and working capital of $35.3 million for the period ended December 31, 2009. This compares to a cash, cash equivalents and restricted cash balance of $5.5 million and working capital of $22.4 million at June 30, 2009.
Outlook
"Recent economic indicators in China remain relatively strong, suggesting continued optimism for the construction industry over the short term," said Mr. Shou. "Our opportunities for growth, in particular, are encouraging given that we operate in tier two level cities where the competitive landscape is fragmented and local economies are less affected by economic trends, such as rising property values, found in major cities, such as Shanghai or Beijing."
Boyuan's consolidated statements for the three and six month periods ended December 31, 2009 and related management's discussion and analysis (MD&A) will be filed with securities regulatory authorities
within applicable timelines and will be available via SEDAR at www.sedar.com.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, Hainan Island and Shandong Province. For more information please visit www.boyuangroup.com or follow us at http://boyuangroup.posterous.com
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this press release includes, but is not limited to, the Company's outlook on higher demand for construction and engineering services in China, China's ongoing urban migration and expansion of middle class, need for new housing, commercial and public projects in China, strong economic indicators in China, optimism on Chinese construction industry over the short term, and impact of economic trends (such as rising property value) on tier-two Chinese cities. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's AIF for the fiscal year ended June 30, 2009 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Boyuan reports FY 2010 second quarter financial results
http://www.cnxmarketlink.com/en/releases/archive/March2010/01/c5765.html
Click on link for complete details. This is just a small excerpt:
TORONTO, March 1 /CNW/ - Boyuan Construction Group, Inc., (TSX-V: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, reported its financial results for the three-month and six-month periods ended December 31, 2009. All figures are in U.S. dollars unless otherwise stated.
BOYUAN CONSTRUCTION GROUP, INC.
Attention Business/Financial Editors
Boyuan reports FY 2010 second quarter financial results
- Grows revenue, improves margins and expands into new markets -
TORONTO, March 1 /CNW/ - Boyuan Construction Group, Inc., (TSX-V: BOY &
BOY.DB) a fast-growing construction company in China of commercial,
residential and municipal infrastructure projects, reported its financial
results for the three-month and six-month periods ended December 31, 2009. All
figures are in U.S. dollars unless otherwise stated.
<<
Financial Highlights
-------------------------------------------------------------------------
Q2 2010 Q2 2009 Change 6-Month 6-Month Change
2010 2009
-------------------------------------------------------------------------
Revenue $37.6M $23.4M +60.8% $72.6M $44.7M +62.6%
-------------------------------------------------------------------------
Gross profit $6.7M $3.2M +110.7% $12.4M $6.2M +99.4%
-------------------------------------------------------------------------
Gross profit margin 17.8% 13.6% 17.1% 13.9%
-------------------------------------------------------------------------
Net income $3.5M $2.4M +47.9% $3.3M $4.4M -25.2%
-------------------------------------------------------------------------
Adjusted net income(1) $3.5M $2.4M +47.9% $6.5M $4.4M +48.2%
-------------------------------------------------------------------------
Earnings per share -
diluted $0.14 $0.10 +40% $0.14 $0.18 -22.2%
-------------------------------------------------------------------------
Adjusted Earnings per
share - diluted(2) $0.14 $0.10 +40% $0.26 $0.18 +44%
-------------------------------------------------------------------------
>>
"We are very pleased with our second quarter results," said Mr. Cai Liang
Shou, Chairman of Boyuan Construction Group, Inc. "Since the start of the 2010
fiscal year, we have been able to capitalize on the strong demand for our
construction and engineering services in each of our markets. This has
resulted in significant year-over-year improvements to our revenue, gross
profit margins and adjusted net income, providing further evidence of the
strength of our business model and the high quality of our projects."
<<
Business Highlights in Q2 and Subsequent to Quarter End
- Continued expansion of operations into Shandong, one of China's
fastest growing regions.
- Following overwhelming shareholder approval at its annual meeting in
Toronto, the Company changed the location of its registered office to
Ontario and ratified its stock option plan.
- Signed four new construction project contracts with an aggregate
value of $76.6 million. The agreements encompass residential,
commercial and hotel construction projects on Hainan Island and
Shandong Province, Boyuan's newest market.
>>
Review of Financial Results
Revenue for the second quarter ended December 31, 2009 was $37.6 million,
up 60.8% from $23.4 million for Q2 of FY2009. Revenue for the first six months
of FY2010 was $72.6 million, compared to $44.7 million for the same period in
FY2009.
Boyuan recognizes revenue on the percentage-of-completion method. The
significant year-over-year growth in revenue was primarily attributable to an
increase in the number of successful project bids by the Company as well as to
an increase in demand for construction and engineering services in the Yangtze
River Delta region and Hainan Island, Boyuan's core markets. Subsequent to
quarter end, Boyuan has experienced strong demand for its services from
Shandong province, a new market for the Company. Higher demand for
construction and engineering services is due to ongoing urban migration and an
expansion of China's middle class, which drive the need for new housing,
commercial and public infrastructure projects.
Cost of construction for the second quarter of FY2010 was $30.9 million
compared to $20.2 million for Q2 of FY2009. Cost of construction for the first
six months of FY 2010 was $60.2 million, up from $38.4 million for the
comparable period in FY2009. The increase was primarily as a result of higher
expenses associated with greater project volume and an expanded work force.
Cost of sales includes all direct material, labor, subcontract and other
related costs, such as equipment repairs.
Gross profit for the second quarter of FY2010 was $6.7 million, or 17.8%
of revenue, compared to $3.2 million, or 13.6% of revenue, for the same period
of FY2009. Gross profit for the first six months of FY2010 was $12.4 million,
or 17.1% of revenue, compared to $6.2 million, or 13.9% of revenue, for the
same period of FY2009. The year-over-year improvement in gross profit margins
in Q2 by 410 basis points was due to a higher percentage of revenue
contributed from higher margin projects, particularly in Hainan Island, where
the Company experiences strong demand for its services but faces limited
competition, and a lower than average gross margin in Q2 FY2009. Historically,
the norm for the Company's gross margins is 15%.
Net income for the second quarter of FY2010 was $3.5 million, or $0.14
per fully diluted share, compared to net income of $2.4 million, or $0.10 per
fully diluted share, for Q2 of FY2009.
Net income for the six-month period was $3.3 million, down 25.2% from
$4.4 million for the same period of FY2009. The decline is attributable to a
non-cash stock-based compensation charge of $3.2 million that the Company
incurred in the first quarter of FY2010. As previously reported, the charge
related to the fair value transfer of shares under the make good provision of
a financing agreement signed in July 2009. The charge is in full compliance
with Canadian generally accepted accounting principles.
As specified by the Company's make-good provision of the July financing
agreement, Boyuan forecasted an after-tax net income of $8.5 million for the
fiscal year ended June 30, 2009. As a condition of the make-good provision,
Boyuan's Chairman put 3.2 million shares in escrow and would have transferred
1.6 million shares to investors if the forecast target had not been met. As
reported previously, the Company generated $9.6 million in adjusted after tax
net income for FY 2009. As a result, 1.6 million shares previously held in
escrow were returned to Chairman Shou during the quarter, resulting in a make
good charge of $3.2 million.
Excluding the make-good provision charge, adjusted net income for the six
month period ended December 31, 2009 was $6.5 million, or $0.26 per share
diluted, which compares to $4.4 million, or $0.18 per share diluted, for the
same period in FY2009. The Company believes that adjusted net income is more
representative of its profitability and performance since the make good charge
is a non-cash accounting charge and not related to its business activities.
The Company had cash, cash equivalents and restricted cash totaling $4.9
million and working capital of $35.3 million for the period ended December 31,
2009. This compares to a cash, cash equivalents and restricted cash balance of
$5.5 million and working capital of $22.4 million at June 30, 2009.
Outlook
"Recent economic indicators in China remain relatively strong, suggesting
continued optimism for the construction industry over the short term," said
Mr. Shou. "Our opportunities for growth, in particular, are encouraging given
that we operate in tier two level cities where the competitive landscape is
fragmented and local economies are less affected by economic trends, such as
rising property values, found in major cities, such as Shanghai or Beijing."
Boyuan's consolidated statements for the three and six month periods
ended December 31, 2009 and related management's discussion and analysis
(MD&A) will be filed with securities regulatory authorities
within applicable timelines and will be available via SEDAR at
www.sedar.com.
http://www.cnxmarketlink.com/en/releases/archive/March2010/01/c5765.html
BOY.V is sure moving some shares this morning. ;) I'm happy seeing BOY.V in my account now. ;)
Currency Converter:
http://www.bankofcanada.ca/en/rates/converter.html
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
Boyuan Construction Group Signs Three New Contracts for Construction Projects in China
S3 Investment Company Comments on Additional Contracts Valued at Over $57 Million Announced by Redwood Capital Client
http://www.marketwatch.com/story/s3-investment-company-comments-on-additional-contracts-valued-at-over-57-million-announced-by-redwood-capital-client-2010-02-09?reflink=MW_news_stmp
It's interesting to see how much SIVC holds in shares here via it's wholly owned subsidiary Redwood Capital.
Sales forecasted to grow substantially in F2010
Research Capital Corporation analysts created a report on Boyuan dated 1.28.10. They merged with and J.F. Mackie & Company Ltd. and now operate under the name of Mackie Research Capital Corporation.
http://www.mackieresearch.com/index.php
Following are some highlights from the report which is 42 pages long:
Mackie Research Capital Corporation created an investment alert for their clients on Boyuan dated 2.4.10. Effective 1 February 2010, Research Capital Corporation and J.F. Mackie & Company Ltd. have merged under one new name.
http://www.mackieresearch.com/index.php
ALERT: 2010/02/04 - BOYUAN CONSTRUCTION GROUP
Boyuan Continues Impressive String of New Contract Wins
This is a solid Canadian company. I'm glad to see them covering Boyuan. ;)
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
No volume yet today....
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
I'm just sitting on a low bid for next time it dips.
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
I bought BOY from Scottrade,Thats what happens when they use a crappy Broker.
I'm waiting for BOY to list on pinks...my interest here comes from my holding another stock, SIVC , who owns over 691000 shrs of BOY.
I think the link to that might be in the I-box...
So as BOY goes, SIVC goes, and I go.....
gl
Actually, it wasn't the same. Mine is in bold and includes the link to the article.
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
Since you can't buy BOY through your account you may want to try Fidelity. I have multiple accounts and all of them allow me to buy BOY.
In Reply To 'Myth'
Its the same as what I posted...isn't it ?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46265990
Boyuan awarded contract valued at US $18.1 million
http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b37D99369-DD75-4467-AE0D-28ECCA0D3425%7d&symb=BOY
TORONTO, Feb. 4, 2010 (Canada NewsWire via COMTEX) -- - To construct residential building in Weifang, China –
Boyuan Construction Group, Inc., (TSX-V: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has been awarded a contract valued at US $18.1 million to develop a 32-storey, 99,000 square meter residential building in the city of Weifang, in China's Shandong province. The project is expected to be completed by the second quarter of 2011.
"Shandong has emerged as a market with significant potential, effectively positioning us for continued growth in 2010 and beyond," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "While commercial projects will be our primary focus, today's contract win demonstrates that the region also provides opportunities to leverage our experience and reputation with residential projects."
Boyuan has signed four major contracts in Shandong since entering the market in September, 2009. With today's contract award, Boyuan's aggregate value of contracts signed thus far in Shandong is US $73.7 million
Shandong is one of China's most economically diversified provinces with high concentrations of manufacturing as well as oil and gas production activities. Weifang, one of Shandong's principal cities, has a population of 8.5 million people.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province. For more information visit www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this press release includes, but is not limited to, estimated project completion date, the Company's belief of its continued growth in 2010 and beyond, and the Company's continued primary focus on commercial projects. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's Annual Information Form for the fiscal year ended June 30, 2009 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Boyuan Construction Group, Inc.
Boyuan Construction Group, Inc., Mr. Paul Law, CFO, +(852) 9329 5088,
paullaw@zjboyuan.com.cn; The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext.
243, jracanelli@equicomgroup.com
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
NEWS
Press Release Source: Boyuan Construction Group, Inc. On Thursday February 4, 2010, 7:00 am
- To construct residential building in Weifang, China -
TORONTO, Feb. 4 /CNW/ - Boyuan Construction Group, Inc., (TSX-V: BOY & BOY.DB) a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has been awarded a contract valued at US $18.1 million to develop a 32-storey, 99,000 square meter residential building in the city of Weifang, in China's Shandong province. The project is expected to be completed by the second quarter of 2011.
"Shandong has emerged as a market with significant potential, effectively positioning us for continued growth in 2010 and beyond," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "While commercial projects will be our primary focus, today's contract win demonstrates that the region also provides opportunities to leverage our experience and reputation with residential projects."
Boyuan has signed four major contracts in Shandong since entering the market in September, 2009. With today's contract award, Boyuan's aggregate value of contracts signed thus far in Shandong is US $73.7 million
Shandong is one of China's most economically diversified provinces with high concentrations of manufacturing as well as oil and gas production activities. Weifang, one of Shandong's principal cities, has a population of 8.5 million people.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province. For more information visit www.boyuangroup.com or follow us on Twitter at www.twitter.com/boyuangroup
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this press release includes, but is not limited to, estimated project completion date, the Company's belief of its continued growth in 2010 and beyond, and the Company's continued primary focus on commercial projects. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's Annual Information Form for the fiscal year ended June 30, 2009 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information
Boyuan Construction Group, Inc., Mr. Paul Law, CFO, +(852) 9329 5088, paullaw@zjboyuan.com.cn
The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext. 243, jracanelli@equicomgroup.com
I sent IR a message, they need to dual list on pinksheets.com
I can't but TSX stocks through TDA...and I'm not going elsewhere and possibly paying a larger commission, I think others feel the same. They need to accommodate American investors....jmo
Thanks...I have it stickied, but, seem to have forgotten to post it in the ibox. I'll update the press release section asap.
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
I- box looks great...you might have forgotten this one..
http://www.cnxmarketlink.com/en/releases/archive/January2010/26/c3733.html
These contracts are really adding up....
Boyuan signs new construction project contract in China's Shandong Province valued at US $22 millionhttp://finance.yahoo.com/news/Boyuan-signs-new-construction-cnw-3078225059.html?x=0&.v=1
Press Release Source: Boyuan Construction Group, Inc. On Tuesday January 26, 2010, 7:00 am EST
TORONTO, Jan. 26 /CNW/ - Boyuan Construction Group, Inc. (TSX-V: BOY & BOY.DB), a fast-growing construction company in China of commercial, residential and municipal infrastructure projects, announced today that it has been awarded a contract valued at US $22 million to develop a six-storey, 200,000 square meter commercial complex in the city of Weifang, in China's Shandong province.
"Since deciding to expand into Shandong, we have been awarded three major commercial projects, each with an incrementally larger mandate and higher dollar value," said Mr. Cai Liang Shou, Chairman of Boyuan Construction Group. "The new project win, one of our largest to date, will allow us to add to our growing reputation in the region and serve as another showcase for our technical expertise and construction capabilities."
The commercial complex, which will include furniture manufacturers and retailers, is expected to be completed by the end of 2010. With today's contract award, Boyuan's aggregate value of contracts signed thus far in Shandong is US $52.6 million.
Shandong is one of China's most economically diversified provinces with high concentration of manufacturing as well as oil and gas production activities.
About Boyuan Construction Group, Inc.
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last four fiscal years ending June 30, 2009, Boyuan completed more than 125 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta, the city of Sanya and Shandong Province.
Caution Regarding Forward-Looking Information:
Certain information contained in this press release constitutes forward-looking information, which is information relating to future events or the Company's future performance and which is inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "budget", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking information contained in this press release includes, but is not limited to, the Company's expectations regarding the completion date of the project and growing recognition of our technical and engineering capabilities. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The Company believes the expectations reflected in the forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and readers are cautioned not to place undue reliance on forward-looking information contained in this press release. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking information contained in this press release include, but are not limited to: risk of macro-economy cycle, risk from competition, risk from insufficient marketing to secure new projects, risk in obtaining additional financing, risk involving permits and licences, reliance on key management member, risk from supply of raw materials, risk of financial leverage, risk of bad debts in accounts receivables, risk involved in real estate development, foreign exchange fluctuations, political and economic conditions in China and other risks included in the Company's Annual Information Form for the fiscal year ended June 30, 2009 and in the Company's public disclosure documents filed with certain Canadian securities regulatory authorities and available at www.sedar.com. The forward-looking information contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as otherwise required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information
Boyuan Construction Group, Inc., Mr. Paul Law, CFO, +(852) 9329 5088, paullaw@zjboyuan.com.cn
The Equicom Group Inc., Joe Racanelli, (416) 815-0700 ext. 243, jracanelli@equicomgroup.com
"Be kinder than necessary, for everyone you meet is fighting some kind of battle."
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Boyuan Construction Group, Inc. (TSE:BOY or BOY-TO)
Company Information:
Boyuan Construction Group
Boyuan Building, No. 6
East Road, Jiaxing Port
Zhejiang 314201
Phone: 8657385581278
Fax: 8657385580288
Based in Jiaxing City, China, Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. In its last three fiscal years ending June 30, 2008, Boyuan completed more than 120 projects for a number of private and public sector clients including Cargill and the Dalian Shide Group, a billion dollar conglomerate whose partners include DuPont, Mitsubishi and GE. Boyuan's current backlog includes residential, industrial and mixed-use developments, including a five-star hotel and a project at the Qingshan Nuclear Plant, China's first and largest nuclear facility. From its operating bases in Zhejiang Province and on Hainan Island, Boyuan focuses on construction projects in China's fast-growing regions of the Yangtze River Delta and the city of Sanya.
•Boyuan is the first pure-play construction company listed in North America
•Focused on fast-growing Yangtze River Delta, City of Sanya, and the Shandong province
•Success driven by history of quality projects delivered on time and budget
•Introduced unique make good provision to investment landscape
Management:
Boyuan has an experienced management team with extensive construction expertise and key industry and government relationships.
Mr. Cai Liang Shou, Founder and Chairman. Mr. Shou graduated from Zhejiang University of Technology, specializing in Road and Bridges. Mr. Shou is a Senior Engineer with more than 20 years of real estate project management experience. Mr. Shou and his family own approximately 55% of Boyuan's share capital.
Paul Law, MBA, CA, Chief Financial Officer, Mr. Law is responsible for all of Boyuan's financial activities, including accounting, reporting and financing. Mr. Law brings more than 20 years of audit, banking and corporate finance experience to Boyuan, and has previously worked with Brainlink Investments International Ltd., Prudential-Bache Securities HK Ltd, National Australia Bank, and PriceWaterhouseCoopers. Mr. Law received his bachelors degree from McGill University, an MBA (Finance) from UBC in 1985, and is a member of the Institute of Chartered Accountants of British Columbia, receiving his CA designation in 1987.
Mr. Qian Feng, Executive Vice General Manager. Mr. Feng holds the title of Senior Engineer. He is a graduate of Chongqing University, majoring in Industrial and Civil Construction. Mr. Feng has more than 25 years of engineering, project management and project execution experience. He joined Boyuan Construction Group in August 2006.
Mr. Wang Hao, Vice President. Mr. Hao has over 11 years of finance and management experience. He majored in Finance and graduated from Dongbei University of Finance and Economics. He has participated in a number of overseas financings and negotiated the preparation for an IPO of a previous employer in the U.S. stock markets.
Ms. Ren Shu, Corporate Secretary. Ms. Ren Shu has a Bachelors degree in English and a Masters degree in Law from the Law School of Zhejiang University. She acquired the title of Junior Translator in 1997 and the Chinese Lawyer qualification in 2000.
-----------------------------------------------------------
Most Recent News Releases for Boyuan Construction Group Inc.:
http://tmx.quotemedia.com/news.php?qm_symbol=BOY
and http://micro.newswire.ca/66520-0.html
March 1, 2010 Boyuan reports FY 2010 second quarter financial results
February 22, 2010 China Infrastructure Construction Corporation Appoints New Independent Members to Board of Directors; Qualifies Under Rules of Nasdaq Stock Market
February 9, 2010 S3 Investment Company Comments on Additional Contracts Valued at Over $57 Million Announced by Redwood Capital Client
February 4, 2010 Boyuan awarded contract valued at US $18.1 million
January 26, 2010 {C}Boyuan signs new construction project contract in China's Shandong Province valued at US $22 million
January 14, 2010 Boyuan signs new construction project contract valued US $17.5 million
January 7, 2010 Boyuan signs new construction project contract valued at US $19 million
November 30, 2009 Boyuan reports FY 2010 first quarter financial results
October 28, 2009 Boyuan grants stock options
October 26, 2009 Boyuan reports record results for fiscal 2009
October 22, 2009 Boyuan to host fourth quarter and year end conference call Tuesday, October 27, 2009 at 9:00 a.m. (ET)
September 21, 2009 Boyuan provides update
Links of importance for those that trade Canadian stocks:
Sedar http://www.sedar.com/homepage_en.htm
TMX. http://www.tmx.com/
TMXmoney http://www.tmxmoney.com/en/index.html
CNW Group Newswire http://www.cnxmarketlink.com/en/index.cgi
Canadian Insider http://canadianinsider.com/coReport/allTransactions.php?ticker=boy
Currency Converter: http://www.bankofcanada.ca/en/rates/converter.html
Financials:
Company website: http://www.boyuangroup.com/pages/155/financial-reports
Sedar: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00026251
BOY Investor Presentation
http://www.boyuangroup.com/usercontent/pdf/Boyuan%20Investor%20Presentation%202011.pdf
CHART is for Canadian ticker. Remember to adjust for exchange rate.
Quote information: http://cxa.marketwatch.com/TSX/en/Market/quote.aspx?symb=BOY&sid=3672794
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