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Our net income for the three months ended March 31, 2011 was $359,047 compared to $139,117 for the same period in 2010, an increase of $219,930 or 158.1%.
Net income as a percentage of revenue was 11.2% for the three months ended March 31, 2011, while it was 4.6% for the same period in 2010.
This increase in net income was attributable to increased sales and more efficient control over the selling expenses and general and administrative expenses, which resulted in increased efficiency and profitability of our operations.
Our present manufacturing facilities and production capacities are sufficient for the foreseeable future, and we believe that we have the assets and capital available to us necessary to enable the increase of our revenue in the future as the market for disinfectant products in China continues to increase.
We will continue to focus our efforts on the retail market for our products, as well as on expanding our traditional base of commercial customers.
In addition, we may also consider the possible acquisition of independent sales networks, which could be used to increase our product distribution capacity and align us with small, regional companies in the industry.
from most recent 10Q
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7939296
CURRENT ASSETS
Cash and cash equivalent
$ 716,225 $ 3,170,529
Accounts receivable, net
2,186,803 2,949,855
Accounts receivable - related parties, net
8,335,078 7,376,366
Due from related party
578,884 2,100,204
Other receivables
3,343,945 152,337
Inventories, net
2,578,548 2,072,976
Prepaid expenses and other current assets
967,318 957,633
Total current assets
18,706,801 18,779,900
NON-CURRENT ASSETS
Property, plant and equipment, net
2,101,138 2,192,295
Deposit
554,000 554,000
Construction in progress
21,472 -
Intangible assets
385,236 410,918
Total non-current assets
3,061,846 3,157,213
TOTAL ASSETS
$ 21,768,647 $ 21,937,113
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Loans payable
$ 396,559 $ 1,132,469
Accounts payable and accrued expenses
3,164,880 2,338,609
Advances from customers
289,816 286,914
Taxes payable
229,075 365,375
Other payables
- 61,247
Due to related parties
698,820 1,380,628
Total current liabilities
4,779,150 5,565,242
Put option liability
2,400,000 2,400,000
Total liability
7,179,150 7,965,242
Share Structure
Market Value $4,763,301 a/o Jun 10, 2011
A/S 150mil
Shares Outstanding 86,605,475 a/o Aug 12, 2010
Par Value 0.0005
I will HM thanks. I have a pretty good list of undervalued earners that I watch. You know many of them. At some point they will come around.
Rock on.
Yeah, this year seems to be acting considerably different than last. Seems stocks can get no traction, they burst, then fizzle right back to near where they began.
I am holding several stocks that are performing well, but no where near where I feel they should be. We will just keep treading along, and hope the market figures itself out.
Hey, glad to hear from you, talk @ ya soon. Thanks for the heads up on the stock, I will throw one back at ya. Look at Shiner International, (BEST). Not flashy, but undervalued, IMO!
Seeya!
Hey bud. Long time, no talk. I would have thought too, but here lately it seems only the momo plays with revenue forecasts have done best. I read the 10k on this one right when it was released, bought 12s and the buying slowed so I sold .16. It seems to have come around now, and possible to .30-.50 based on earnings. Just depends if the buyers are around to get it there. I scanned all the financials released recently with very few on a + EPS.
OT: Check out GPLBs last filing from March. I think its around .80 right now. They had .27 EPS, and every couple of days it gets bidwacked to the .30s. It amazes me. These earners seem to pop on the financial release, then they fizzle. Blows me away.
jmurfk,
picked up some Linkwell today after several days of DD. Try to stay off of iHub sights until DD is completed, so I don't taint my opinions. Glad to see you here. Thinking stock is easy .40+, potential to .75 or so near term, thoughts?
You know, if this company had no revenue in 2009, and was pumping out PRs forecasting .04 EPS for 2010, it would probably be trading .25-.50. Since they actually did earn that in 2009, volume isn't here. Pennies amaze me. Real earnings and nice EPS, and no sustained buying volume.
More good news...
--------------------------- (OTCBB: LWLL - Linkwell Corp.) LATEST NEWS!! Linkwell Corporation Announces Full Year 2009 Financial Results Revenues Grow 22.4%, With Net Income Growing 87.8% to $3 Million, or $.04 EPS SHANGHAI, April 19, 2010 -- Linkwell Corporation (OTC Bulletin Board: LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, recently reported its financial results for the fiscal year ended December 31, 2009.
"We are very proud to deliver one of the best year end financial results in Linkwell's recent history," commented by Mr. Xuelian Bian, Chairman & CEO of Linkwell Corp., "Despite one of the worst financial crises in our recent memory; Linkwell management team continues to execute our long term growth plan very effectively and efficiently in 2009. We have dramatically improved our product quality and manufacturing capability. In 2010, we aim to allocate more resources on research and development of new products, as well as strengthen our marketing efforts. Our goal is to maintain and increase Linkwell's leadership position in Chinese hospital disinfectants industry, while expanding into other high growth and high margin segment of disinfectants market, such as consumer and other commercial usage markets." Mr. Bian concluded, "we also want to thank our shareholders for their confidence in our management team, and their long term support in the past few years. We are very confident that we will build long term shareholder value by leveraging our strength in Chinese healthcare disinfectant industry, and articulating our growth story to more new and existing investors." About Linkwell Corporation Linkwell Corporation, through its subsidiary, Linkwell Tech Group, Inc., develops, manufactures and distributes disinfectant healthcare products in China. Linkwell's disinfectant healthcare products are recognized as one of leading domestic Chinese brands in this market segment. Linkwell currently has 56 different products include disinfectants in liquid, tablet, powder and aerosol form. Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China.
For more information, please visit http://www.linkwell.us .
ok even that this gives us 0,4$ pps...
Most of the Chinese small caps never make it to a PE ration of 20. If they make it to 10 that would be good already.
txs. about the pps...
with a per ratio of 20 times should be 0,8$, isnt it?
jmho
.16/.1699 - 335K
current b/a and volume? tia
Huge increases on this one. .04EPS from .02EPS.
LLWL..$0.129
Bought a lottery ticket and grabbed a few..hank
LINKWELL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31,
2009 2008
NET SALES
Non-related companies $ 9,299,120 $ 9,362,364
Related companies 5,367,662 2,623,560
Total Net Sales 14,666,782 11,985,924
COST OF SALES (6,501,335 ) (5,963,830 )
GROSS PROFIT 8,165,447 6,022,094
OPERATING EXPENSES
Selling expenses 1,598,134 1,083,431
General and administrative 2,409,104 2,432,327
Total Operating Expenses 4,007,238 3,515,758
INCOME FROM OPERATIONS 4,158,209 2,506,336
OTHER INCOME (EXPENSES)
Other income expenses (71,451 ) (66,554 )
Put option expenses - (281,030 )
Interest income 4,752 6,455
Interest expense (55,198 ) (64,191 )
Total Other Expenses, net (121,897 ) (405,320 )
INCOME FROM CONTINUING OPERATION, BEFORE TAX
4,036,312 2,101,016
INCOME TAX EXPENSE (594,078 ) (387,324 )
INCOME FROM CONTINUING OPERATION, NET OF TAX 3,442,234 1,713,692
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX - 65,083
NET INCOME INCLUDING NONCONTROLLING INTEREST 3,442,234 1,778,775
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST (381,441 ) (149,505 )
NET INCOME ATTRIBUTABLE TO LINKWELL CORP 3,060,793 1,629,270
OTHER COMPREHENSIVE INCOME
Foreign currency translation (397,051 ) 444,138
COMPREHENSIVE INCOME $ 2,663,742 $ 2,073,408
BASIC AND DILUTED INCOME PER COMMON SHARE
Basic earnings per shares from continuing operation $ 0.04 $ 0.02
Basic earnings per shares including discontinued operation $ - $ 0.02
Diluted earnings per shares from continuing operation $ 0.04 $ 0.02
Diluted earnings per shares including discontinued operation $ - $ 0.02
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic 79,275,338 75,339,667
Diluted 79,324,441 75,549,558
Guess others are seeing the LWLL filing now. Huge buying coming in. 2X the 10 day daily average in 5 minutes.
An excellent annual report released 5 minutes ago. Increases accross the board from last year.
Increased revs by almost 3 mil, YOY.
.137 in shareholder equity per share.
Almost doubled their net income from 1.6 million to .03 million.
.04 EPS, compared to .02 EPS YOY.
My bad. Sorry. Thanks for clearing that up.
This is a different Linkwell
More good news yesterday: From:
Ken Thorpe Joins Linkwell Health Advisory Board
on April 14, 2010
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View Original Article on PR Newswire
Topics:Linkwell Corp (US OTC:LWLL)
NEEDHAM, Mass., April 14 /PRNewswire/ -- Today, Linkwell Health announced that it has further expanded its Advisory Board to include Ken Thorpe, Ph.D., Robert W. Woodruff Professor and Chair of the Depa
Ockham's Rating/Recommendation Summary
Buy Now LWLL
Revenue
Cash earnings is the most important factor in our analysis, but it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 9 years. For, LWLL the high and low end of the Price to Sales per share ratios are 17.49x and 1.32x respectively.
Notice that LWLL's current Price to Sales per share ratio is 0.71x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $0.12, LWLL is 93% below where we would expect to see it. This will beneficially factor into our final analysis of LWLL as it is not often that this stock sinks to these levels.
LWLL Cash Earnings
Cash Earnings is always one of the most important factors to review for a company and, more importantly, an investment in a stock. LWLL is significantly below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 6 years of cash earnings levels for LWLL to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 29.36 and a 5.68 low over the same period.
Now that LWLL’s current price is $0.12 and its Price to Cash Earnings ratio is 3.00, we are very positive on its outlook from the cash earnings perspective. In fact, LWLL is now trading a full 83% below its average historical Price to Cash Earnings ratio at these profit per share levels. When our clients ask us why LWLL has great long term potential, the Cash Earnings levels to current stock is one of our primary reasons. But naturally, now we need for the overall market to recognize this disparity.
Who can tell me something good about this company?
10-Q filed just at Market Close today!
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001042463&owner=exclude&count=40
Net Income for 9 months ending Sep 30th
2009: 2,312,886
2008: 971,987
+138%
LWLL filed their 10-Q on Nov 14 last year. Reasonable to expect it around the same time this year. End of this week, or maybe beginning of next.
I do think it will be good, considering how bad the H1N1 flu has been.
With H1N1 raging around...guess what people are buying - hand sanitizer!
It's not unlikely that their upcoming earnings announcement will be very positive. Stock has been consolidating around 0.17-0.18 for a while. Starting to move up slightly today - even with pretty low volume. Solid buy IMHO!
If they keep growing like they did in the past, they should trade a lot higher in a year from now:
Revenues[USD]...Earnings[USD].EPS[USD]..Shares.....Equity[USD]
2004:..4423000....502000.......0.01.....36273000..(367000)
2005:..5466000...(1211000)....(0.03)....41617000..2851000
2006:..7745000....534000.......0.01.....53098000..3946000
2007:..8128000....340000.......0.00.....73196000..5786000
2008:.11986000...1564000.......0.02.....75340000..8255000
First 6 months of 2009:
Revenues[USD]...Earnings[USD].EPS[USD]..Shares....Equity
2009:..6375000...1497000.......0.02.....77955000..8952000
Also an interesting observation is, that their operating costs went down from average of 2.9 mio USD (for previous 3 quarters (q3.08, q4.09, q1.09) to only 1.5 mio USD in the last quarter. If they can keep costs down and increase revenues they will increase their EPS nicely (last quarter had an EPS of 1.5 cents).
With growing living standards in China and increasing awareness regarding infectious diseases such as swine flu or bird flu, I believe they will keep growing much more and faster in the years to come. It is difficult to see how they could manage not to grow. As long as demand increases, so should their revenues.
They claim to have 56 different products including disinfectants in liquid, tablet, powder and aerosol forms. They claims to have approximately 6,000 active and recurring customers including hospitals, medical suppliers, and distribution companies throughout China, and to have over 20 distribution contracts with wholesale dealers and agents.
I had a bit of a discussion with someone regarding LWLL here:
http://investorshub.advfn.com/boards/board.aspx?board_id=9884
but he thinks it is a bad company.
I feel different. Do you own shares ?
Doesnt seem to be a particualy busy board. Maybe that is good. Maybe this stock is a sleeper and undiscovered.
Notice the section on strategic development on the website. They state their goal is to be on the AMEX within the next year. Hard to see that happening, but nice to hear anyway.
http://www.linkwell.us/start.asp
Linkwell Corporation Reports On Operating Results for First Quarter of 2009
Gross Profit and Net Income Grow 29% and 35%, Respectively, Despite Higher Sales, General and Administrative Expenses
May 21, 2009 10:00:00 AM
2009 GlobeNewswire, Inc.
Email Story Discuss on ZenoBank
View Additional ProfilesSHANGHAI, China, May 21, 2009 (GLOBE NEWSWIRE) -- Linkwell Corporation (OTCBB:LWLL), a leading developer, manufacturer and distributor of healthcare related disinfectants in China, has filed its Form 10-Q report on operating results for the first quarter of 2009. It reported gross profit was up more than 29% from the comparable year earlier period, and net income grew more than 35% from the prior year's quarter, despite a significant increase in sales, general and administrative expenses.
For the three months ended March 31, 2009, the company had total revenues of $3,551,076, compared with $4,732,938 in the prior year's first quarter. Gross profit for the 2009 first quarter amounted to $1,583,448, up 29% from $1,229,980 in the first quarter of 2008. Net income amounted to $444,243, or $0.01 per fully diluted share, up 35%, or $0.00 per fully diluted share, from $328,307 in the same period a year earlier.
"We are very pleased with our first quarter results," said Mr. Xuelian Bian, the Company's Chief Executive Officer. "While revenues for the year earlier quarter were higher than the current quarter, this was primarily because in the 2008 first quarter we still owned the Likang International Trading subsidiary, which contributed part of 2008 first quarter total revenues. This unit subsequently was disposed of in May, 2008."
"Meanwhile, the revenues of Shanghai Likang Disinfectant Hi-Tech registered a very respectable nearly 26% gain in revenues in the first quarter of this year, and we expect it to show continued year-over-year quarterly growth going forward," Mr. Bian observed.
"Our present manufacturing facilities and production capacities are sufficient for the foreseeable future. We believe that we have the assets and capital available to enable us to increase our revenues in future periods, as the market for disinfectant products in China continues to increase," Mr. Bian concluded.
The full SEC report filed by Linkwell may be seen at: http://www.sec.gov/Archives/edgar/data/1042463/000114420409027689/v149953_10q.htm
About Linkwell Corporation:
Linkwell Corporation, through its 90% ownership of its subsidiary, Linkwell Tech Group, Inc., develops, manufactures and distributes disinfectant healthcare products in China. Linkwell's disinfectant healthcare products are recognized as one of leading domestic Chinese brands in this market segment. Linkwell currently has 56 different products include disinfectants in liquid, tablet, powder and aerosol form. Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of China. For more information, please visit http://www.linkwell.us.
Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products; pricing and new technology; changes in consumer preferences and tastes; effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production; and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Investor Relations Network
Tom Gavin
951-845-1112
Volume was high, over 2.5mil up 170% at the close. The HOD was .22, 400%+ hopefully another day of green. GL
Looked good? Please advise. tia
This one looked good today. Hoping for another good day tomo.
Linkwell Corporation develops, manufactures, and distributes disinfectant healthcare products in China through its 90% owned subsidiary Shanghai Likang Disinfectant High Tech Company ("Likang"). Linkwell Corporation is a U.S. corporation headquartered in Boca Raton, Florida and is publicly traded on the OTC Bulletin Board Exchange under the symbol (OTC BB: LWLL).
Linkwell's disinfectant healthcare products are a nationally recognized domestic Chinese brand in this market segment. Linkwell products include disinfectants in liquid, tablet, powder and aerosol form. Through Likang, Linkwell has a national marketing and sales presence throughout all 22 provinces, 5 autonomous regions, and 4 special municipalities of the People's Republic of China. All inventory and order fulfillment is carried out of a 21,500 square foot facility in Shanghai's Jiading district.
Bizare day high volume,but 1200 shares trade at the end of the day and it jumps almost 3 cents.
Just a wild azz guess. But, other than Linkwell having a couple of quarters in a row like the last one I think it may be awhile for it to pick up steam. Maybe after the 10k coupled with some boisterous yearly projections it could move. This one will suffer too with the market in general of course. I guess after getting slammed for the last few months I am keeping my expectations low. You never know though.
Hi Coopz....why till 2010?
Up a penny on 800 shares volume. Woot Woot!!!!! Linkwell train coming through..........2010 is pretty realistic timetable for me.
I like this company alot. But,you better be in it for the long haul. If they keep having filings like the last one investors will notice eventually. Like most small cap China plays, management really has no clue about American investors and seems to be oblivious to the fact that they are shooting themselves in the foot. Combine that with the market climate and we may have been set back 6 months to a year. Time will tell.
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