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Hard to believe NO VOLUME today, after the excellent 10Q.... CHRI deserves a higher valuation.
I guess a lot of people are still on vacation....
Germoney:
good analysis
I am encouraged by the fact that they did grow revenues quarter over quarter, and seem to have brought expenses down to a level that insures profitability going forward.
Both very good signs.
The fact that they acknowledge the problems they face, both internal and external, is also positive.
I think the stock is a buy at these levels, and should move much higher if they can maintain profitable operations.
happy new year, and may all TCM prosper to give us health: physical, mental and financial
Thankyou for the 10q-interpretation. I read the 10q yesterday and agree, that proftability on such a low revenue level is a good starting point for 2014.
However, the following paragraph indicates that the prospects may not be returning to the old path of growth, but a different business modell:
On a long-term basis, our liquidity is dependent on continuation and expansion of our operations, receipt of revenues, and additional infusions of capital and debt financing. Our current capital and revenues are insufficient to fund such expansion. Modifications to our business plans may require additional capital for us to operate. For example, if we are unable to raise additional capital in the future we may need to curtail our number of product offers or limit our marketing efforts to the most profitable geographical areas. This may result in lower revenues and market share for us. In addition, there can be no assurance that additional capital will be available to us when needed or available on terms favorable to us.
Demand for our products and services will be dependent on, among other things, market acceptance of our products, the Chinese TCM in general, and general economic conditions, which are cyclical in nature. A major portion of our activities is the receipt of revenues from the sales of our products, our business operations may be adversely affected by our competitors and prolonged recessionary periods.
Our success will be dependent upon implementing our plan of operations and the risks associated with our business plans. We manage the processing and DAR distribution business to retail consumers and wholesale buyers. We plan to strengthen our position in these markets and to expand our operations through aggressively marketing our products and our concept
The positive thing is, that the management is aware of the importance of stremlining the business, but expansion seems out of the focus. Let us hope they do not need to much capital to cover the core areas of distribution.
All in all they should be able to deliver positive 12-months-figures and regain some credibility. A few words about the strategy for 2014 would not be to bad for us.
Still, I believe CHRI will survive. With HBRM they would have been dead as a dorrnail by now.
From this level CHRI is a perfect option with the upside much much higher than the downside.
Let us stay long !
A happy - and prosperous New Year to you too!
Appreciate your keen eye for the breakdown -- definitely good news. Looks like the market is favoring CHRI so far after the filing as well.
I'm glad I held on as well -- it wssn't hurting anything just sitting there and waiting.
Happy New Year's!
Looking again at the financials, and comparing to the last 10Q, this report shows a HUGE turnaround in operations!
CHRI went from a 200k loss in the last quarter to a 220k operating profit in the quarter ended 9/30, and almost completely erased the operating loss for the nine month period.
CHRI did sell some additional shares, but sold at basically the recent market price of .007, for total proceeds of 350,000, which caused minimal dilution. That selling should be over now that the company is profitable again.
They have dramatically cut operating expenses, so they are profitable on a much lower sales level, and the report indicates they have instituted a training program for their accounting staff, to improve internal controls and accounting to US GAAP. That is great news, and should lead to more timely reporting in the future.
Very pleased with this report, and glad I have held on and added at the low levels recently. We should be moving up to around .02 again.
To answer your first question, I am guessing that part of the problem is always the language issue. Ever translated English to Mandarin Chinese, or vice-versa. It's not easy.
And as soon as people have a bit more confidence in the Chinese economy and the financial system, the CHRI share price will rocket. It should double minimum, on the positive earnings report, IMO.
Finally. Why they take so long I'll never know...
Thanks for the quick analysis, dc -- good news. Now if the damn pps would go up... Maybe 2014 will be a good year.
10Q filed today!
And its a good one.... profitable for the quarter, and revenue starting to turn up again.
CHRI has figured out how to be profitable at a lower level of total sales!
CHRI 10Q
Yeah, saw they filed their regular "we'll be late" notice as usual. I'm sure we'll get the Scarlet Letter E again, as usual.
Same ol', same ol'.
We need the 10K filed-- today would be good!
amzing what a 72 dollar trade will do to your portfolio...hog
I'll take 25 percent gain! Let's hope it sticks today and let's get to the cent hump and stay there!
It could be some selling for taxes, but something's got to turn around here. We didn't get that January "bump" this year. In fact, November and December 2012 had overall better numbers than January.
We did get that spring pump and run, but that's been the only highlight for CHRI this year. Sad to think that really was the most exciting thing here in over a year.
Probably tax loss selling. If so, the PPS should bottom around end of December. Then, followed by the January effect. Seasonal thing. Best of luck.
its how CHRI trades, great stock and its been good here before..pennies slow though
jmho
A new 52-week low -- urgh!
I wonder what's up with all the selling. Wonder if something's coming or someone knows something.
The one very positive element with CHRI is the fact that the company does not have a history of diluting. The last time the O/S changed was back in 2011, and since then, the company has issued no new shares, in spite of going through a relatively painful contraction in revenues and profits over the last two years.
This encourages me that as revenues return to a more normal level, we will see the good news translated directly to the bottom line, with increased revenue and profit per share.
Not many Chinese companies that have such a record of avoiding dilution as does CHRI.
Looking forward to the earnings report, and buying a few more shares as the price permits.
Thanks for posting... the stricter regulations are good news, for sure. Anything that will increase transparency, and penalize misconduct is a good thing for the Chinese market.
China may restart IPOs, according to the nation's largest brokerage.
Story here: http://www.bloomberg.com/news/2013-11-03/china-may-resume-ipos-after-party-meeting-citic-s-cheng-says.html
Interesting news, although there are thoughts on both sides here. Personally, the way CHRI has laid stagnant for a while, this could be good news. This could restore some confidence in the Chinese markets, and maybe it could light a fire under CHRI's a$$ to get moving again and stay ahead of the curve.
It is true that the company has been remiss in not issuing news, but they have been occupied with returning to profitability, after some very weak quarters..
From a review of the last few quarters of data, it looks like revenues have begun to recover, and the company should show a positive comparison in this quarter. If so, management may once again focus on expansion. Such a focus would include more transparency, and some news about future plans and operations.
That is really all that is needed to have CHRI return to a stock price of around .02, and upward from there.
A flood of announcements? HA!! How about a drip out of the fawcet this thing hasnt done anything new and is as cold as ice . It trades exactly as the company is being run. It is a public company that doesnt care if it trades. The directors get paid and the shareholders are left scratching their heads wondering what they are doing. Lots of speculation and so called answers from a few on here but thats as exciting as it gets. I bought into this when I thought HBRM and CHRI were supposedly entwined, now i have 2 dogs. Neither is better than the other because at the end of the day neither are doing anything. I dont like either but i am stuck with both.
Well, a flooding of announcements doesn't always do a lot of good either sometimes. Look at HBRM -- that ain't been saving that ship.
But I do agree I wish CHRI would throw us a bone every now and then, although look at what happened not too long ago when a bunch of P&D'ers came in and funked with this. Do you think our Chinese friends enjoyed that?
This will come, IMO. Maybe not as fast as I like, but the pps has stabilized, and more good numbers (and fewer late filings) will naturally push this up.
Problem i see with this is that there is no interest because there are no announcements so no buyers and the circle goes around and round. If the company cared about its shareholders they wouldnt want this to be this low if its value is what there books say it is. Nobody cares about this except the people who own it and thats not good enough
I put in more here, too, than it's worth. But the way I look at it, it's not hurting me just leaving it sit. It's not being driven down to the point where I feel I need to salvage a few bucks.
CHRI is not very good at PR, but at least they've been profitable overall and -- for all accounts -- it looks like they're honest with their books. Not a lot of pennies can attest to that.
Disappointed? Yeah, totally. Hopeless? Naw, not yet.
There has been nothing new for a long time and i am writing it off as something to forget. The only time i see anything about this is the wishful thinking people on this board who surmise things are ok from no news. I have thrown too much money at companies like this in the past and i got caught again. Dangggg
It's not lighting any fireworks, I'll give you that. BUT it has been resilient in staying around a penny-ish (excluding when pumpers don't come in and mess with it).
I'll take any good sign with this lately. Now I must knock on wood.
This is some good news, IMO. CHRI isn't listed as pink, it went to QB, the second-best tier for OTC.
Fri, Sep 06, 2013 12:00 - China Health Resource, Inc. (CHRI: OTCQB) - Tier Change - The symbol, CHRI, no longer is classified as OTC Pink Limited. As of Fri, Sep 06, 2013, CHRI resides in the OTCQB tier.
From OTC Markets:
What are the requirements for the OTCQX, OTCQB and OTC Pink marketplaces?
Securities traded on OTC Link® ATS are organized into three tiered marketplaces to better inform investors of opportunities and risks. OTCQX is the Best Marketplace with Qualified Companies. Companies with securities on OTCQX must meet continuing financial and disclosure requirements and be qualified by a 3rd party professional investment bank or attorney advisor. OTCQB is the Venture Stage Marketplace with Current U.S. Reporting Companies. Companies are required to report to a US regulator such as the SEC or FDIC. OTC Pink is the Open Marketplace with Variable Reporting Companies and has no disclosure requirements, although companies may voluntarily provide information to investors.
Sadly I don't think this is on anyone's radar expect those who own it. If the company would put out some PRs or at least an update, that would help get some more attention over here.
Kind of a shame it sits here this cheap yet doesn't budge in the pps.
Surprised to see no trading in CHRI this morning, after the filing of the 10Q last night.
CHRI at this price looks like a screaming buy.
I am pretty heavily loaded, and certainly not going to let any go at this level.
Good analysis. I'm selfishly hoping my stock gets moving so that I can raise some cash before CHRI's turnaround really gets started... These prices are dirt cheap if CHRI returns to profitability on top of having such a solid balance sheet.
Yes- great to see lot of equity behind every share!
But for me, the best news is to see revenue turn higher sequentially over the 1st quarter.
It has been in a downtrend for what-- about a year or more?
SO to see revenue stop going down, and begin increasing from last quarter is good. I didnt go back and look to see if they have any seasonality in their results, but to see 1.9 mil vs 1.2 mil, that about 50% increase from the 1st to the 2nd quarter. If they can continue to grow the revenue, CHRI will be profitable again very soon.
Nice analysis, DC – appreciate the insight and simplification.
Now, that eps is what I like to see. I may fill up a little more. Let's hope others start taking note on this one -- and not flip!
Go CHRI!
Great report:
Some good news, some not so good, but on balance, very positive, IMO.
The good: equity per share is approx. .075, or almost ten times the current share price.
Revenue and gross income were both up from the first quarter, which represents a reversal of the downward trend seen for the last year.
Revenue-(determined by subtracting the 3 month from the six month numbers) was 1.9 million in Q2 vs. 1.2 million in Q1. Likewise, gross revenue was 389,000 in Q2 vs. approx 261,000 in Q1,
The bad news is they are still not profitable, and SGA expenses went up, although they explain that increase is largely due to an increased allowance for bad debt.
It looks to me like without that allowance (351,000) SGA would have been lower for Q2 2013 vs Q2 2012.
The other positive news is NO DILUTION, although we know from the recent filing that they did do a private placement after the end of the quarter. But lack of dilution is very positive, and it is nice to see the share count did not increase by even one share over the entire six month period.
Overall, a good report, and an indication that CHRI should be back to profitable operations by the end of the year.
Tons of assets. Over 6 mill in receivables, which they need to collect a little better. Still solid company. Not sure why it took them so long to file.
Looks like they just filed today:
http://www.sec.gov/Archives/edgar/data/1173784/000114420413049402/v354175_10q.htm
Q is out. Not very impressive at first glance.
Not a good sign, for sure.
But if they intended to go dark, what was the point of filing the NT-Q filing, to get the five day extension.
I am guessing we will see a 10Q report, any day now.
I went back to 2009 and the longest they were late for the Q was 10 days. Been 20 so far....hmmmmm
My gut tells me there is something going on here. It's later than usual and right after that private placement. Not that the private placement is directly responsible for the Q being late. Something is up.
Greetings Wadi!
Nice to see you are still with us here.
Exempt or not, I sure wish CHRI would get the darn 10Q filed.
It always amazes me that these companies cannot seem to get filed on time. It's not like these deadlines are a surprise or that there is anything in the filing that every business doesn't have readily at hand, especially for the quarterly numbers.
C'mon CHRI management-- file the *^**&* 10Q already!
Somehow, CHRI/CHRIE appears to be exempt from any consequences of its repeated failure to file on time. Is there a foreign issuer exemption? Some other loophole? I don't know, but CHRI always files late.
I wouldn't worry about CHRI's filing timing. The question is whether they can turn around the top line and their margins. If so, these prices will be cheap. I'm on the sidelines, however, until I see evidence they can reverse the trend.
What does this mean for us?
SEC Approves Amended NASD OTCBB Eligibility Rule 6530
Please Route To: Head Traders; Technical Contacts; Compliance Officers
What you need to know:
On November 16, 2005, the Securities and Exchange Commission (SEC) approved the proposed rule change to NASD Rule 6530, also known as the Eligibility Rule.
Under the rule change, OTC Bulletin Board (OTCBB) issuers that are cited for filing delinquency three times in a 24-month period and those removed for failure to file two times in a 24-month period will be ineligible for quotation by an NASD member.
The new rule will apply to filings for reporting periods ending on and after October 1, 2005.
Who you should contact: OTC Bulletin Board at 301.978.8263
--------------------------------------------------------------------------------
What is the current NASD Eligibility Rule 6530?
NASD Rule 6530, also known as the Eligibility Rule, requires that an issuer be current in its required periodic financial reports in order to be eligible for quotation on the OTCBB.
What is the amended rule?
On November 16, 2005, the SEC approved the proposed rule change to NASD Rule 6530. Under the rule change, OTCBB issuers that file late, but within the grace period allowed by Rule 6530, three times in a 24-month period and those removed for failure to file two times in a 24-month period will be ineligible for quotation by an NASD member.
This change protects the public interest by ensuring that timely financial information is routinely available to investors by OTCBB issuers.
How do securities regain eligibility?
Following removal under this new rule, an issuer’s securities would again become eligible for quotation on the OTCBB when the issuer has filed periodic reports for one year in a timely manner.
Who is subject to the amended Eligibility Rule?
The amended Eligibility Rule applies to filings for reporting periods ending on and after October 1, 2005. Delinquent filings prior to that period will not count toward the new rule.
Who should I contact for more information?
Contact OTC Bulletin Board at 301.978.8263.
--------------------------------------------------------------------------------
CHRI: Failure to comply with FINRA 6530:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/28/2013&mkt_ctg=OTCBB
I think the delay in some way has something to do with that $350k investment that guy made. Could be buyout of the company. Merger with another, or something like that. Thoughts?
CHRI trading under the CHRIE symbol today.
I sure wish they could figure out how to file on time, or at least within the 5 days allowed by the NT.
Just doesn't help when they miss simple, known deadlines for basic financial reporting.
Hello CHRI Management! is anyone paying attention?
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343 Sui Zhou Zhong Road
Sui Ning
Si Chuan Province
China
Phone: (86825) 239-1788
http://www.chinahealthresource.com
COMPANY INFORMATION
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=chri
Jurisdiction Of Incorporation
United States
Jiayin Wang, CEO
Weihai Liu, CFO
*Updated - Sep 30, 2011. Data updated twice a month by the 18th and 29th respectively | ||
Profitability | CHRI | |
Gross Margin (TTM) | 34.84% | |
Operating Margin (TTM) | 31.51% | |
Pretax Margin (TTM) | 31.51% | |
Net Profit Margin (TTM) | 23.29% | |
Valuation | CHRI | |
P/E excluding extraordinary items (TTM) | 1.2x | |
P/E Normalized (MRFY) | 2.4x | |
P/Sales (TTM) | 0.3x | |
P/Tangible book (TTM) | 0.8x | |
P/Cash Flow (TTM) | 1.2x | |
Financial Strength | CHRI | |
Current Ratio (MRQ) | 3.9 | |
Quick Ratio (MRQ) | 2.2 | |
LT Debt/Equity (MRQ) | 0.0 | |
Total Debt/Equity (MRQ) | 0.1 | |
Payout Ratio (TTM) | 0.0 | |
Management Effectiveness | CHRI | |
Return on Assets (TTM) | 76.19% | |
Return on Equity (TTM) | 107.43% | |
Return on Investments (TTM) | 107.43% | |
Growth | CHRI | |
Sales (5Yr) | 264.41% | |
Earnings Per Share (EPS)(TTM) | 643.20% | |
Dividend Growth (5Yr) | -- | |
Income Statement | CHRI | |
EBITDA (MRQ) | 2.4M | |
Earnings before taxes (MRQ) | 2.4M | |
Net Income (MRQ) | 1.8M | |
Normalized earnings before taxes (MRQ) | 2.4M | |
Normalized Net Income (MRQ) | 1.8M | |
Per Share Data | CHRI | |
EPS excluding extraordinary items (TTM) | 0.03 | |
EPS Normalized (MRFY) | 0.02 | |
Rev per share (TTM) | 0.15 | |
BV per share (MRQ) | 0.05 | |
Tangible BV per share (MRQ) | 0.05 | |
Cash per share (MRQ) | 0.00 | |
Cash flow per share (TTM) | 0.03 | |
Indicated Annual Dividend (US) | 0.00 | |
Short Interest | CHRI | |
Shares Short (Current Month) | -- | |
Short Ratio | -- | |
Short Interest as % of Float | -- | |
Shares Short (Prior Month) | -- |
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(825) 239-1788
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