If you think this is fun, which it was when my CB was under a buck, try SIVC.PK :). I'm sure my friends at GG would berate me!

WTH? I almost sold pre-market on Monday at 10.80. Wishing I had at this poiont. I'm with you on the manipulation now. Sheeeesh.

Thanks for the call a while back on the Apr 7.50 calls. Much appreciated.

Earnings released

SHENZHEN, China, March 31 /PRNewswire-Asia-FirstCall/ -- China Electric Motor, Inc. (Nasdaq: CELM, "China Electric" or "the Company"), a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro-motor products through its subsidiary Shenzhen YuePengCheng Motor Co., Ltd. ("Shenzhen YPC"), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2009.


Fourth Quarter 2009 Financial Highlights
-- Total revenue increased by 57.5% year-over-year to $22.1 million, compared to $14.0 million in the fourth quarter of 2008.
-- 54% of revenue was from sales to original equipment manufacturers ("OEMs").
-- Gross profit increased by 69.4% year-over-year to $6.5 million versus $3.8 million in the fourth quarter of 2008.
-- Operating income was $3.8 million, a 55.1% increase over operating income of $2.5 million in the fourth quarter of 2008.
-- Net income was $2.9 million, a 48.3% increase over net income of $2.0 million in the fourth quarter of 2008.
-- Basic and diluted earnings per share were $0.21 and $0.20, respectively, translating into increases of 10.5% and 5.3%, respectively, over basic and diluted earnings per share of $0.19 in the fourth quarter of 2008. Fiscal Year 2009 Highlights
-- Total revenue increased by 60.8% year-over-year to $85.4 million, compared to $53.1 million in 2008.
-- 53.6% of revenue was from sales to original equipment manufacturers. -- Gross profit increased by 64.6% year-over-year to $24.3 million versus $14.8 million in 2008.
-- Operating income was $14.7 million, a 49.8% increase over operating income of $9.8 million in 2008.
-- Net income was $11.5 million, a 43.4% increase over net income of $8.0 million in 2008.
-- Basic and diluted earnings per share for the fiscal year 2009 were $0.93 and $0.89, respectively, translating into increases of 24.0% and 18.7%, respectively, over basic and diluted earnings per share of $0.75 in 2008.

http://finance.yahoo.com/news/China-Electric-Motor-prnews-552607841.html?x=0&.v=44

Perhaps it's just filling the gap from the gap up yesterday.

Found this on pg 25

"The Company is planning to build another two stationary concrete factories with two batching plants of 3.6 million cubic meters production capacity and one mobile station with one batching plant of 2 million cubic meters production capacity during the fiscal year ended May 31, 2011. We are currently considering acquiring potential target companies as well."

Also found this buried in the first paragraph on pg 25.


"The Company also completed the construction of a stationary concrete factory in Tangshan in May 2009. However, this factory has not commenced operation and it has not passed the first review by the Tangshan Commission of Construction due to a particular feature of the subsoil that the foundation of the facility is built upon. The Company has recently entered into an agreement for the sale of the Tangshan plant to a third party for RMB25,974,631 (approximately $3,819,799). The purchase price shall be paid in installments over four years starting from March 2011. No payments are due during the first year following the execution of the sale agreement by the parties. We will retain the property rights to the plant and will bear the associated risks until the purchase price is paid in full. If there is a delay in payments for more than 10 days, we will be entitled to liquidated damages equal to 4% of the purchase price. If the delay lasts for more than 10 days, we will have the right to terminate the agreement and will be entitled to liquidated damages equal to 20% of the purchase price. "

With 2009 EPS of 0.7, do you have a fair value in mind? Higher multiples are being given to peers CAAS and TXIC. Being conservative with a multiple around 15-18 gives us a PS in the 10.5 to 12.5 range.

-Chad

10.80 pre-market!

Earnings

ZHEJIANG, China, March 29 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (Nasdaq:SORL - News) ("SORL" or "the Company"), a leading manufacturer and distributor of commercial vehicle air brake systems as well as related auto parts in China, today announced financial results for the fourth quarter and fiscal year ended December 31, 2009.


2009 Fourth Quarter Financial Highlights
-- OEM sales were up 115% year-over-year from $10.4 million to $22.4 million, and 29% quarter-over-quarter from $17.4 million to $22.4 million;
-- Revenues rose 63% from $25.1 million to $41.0 million,
-- Gross margin was 31%, up from 21% in the fourth quarter of 2008;
-- Net income rose 184% year-over-year from $1.8 million to $5.0 million and 31% quarter-over-quarter from $3.8 million to $5.0 million.
-- EPS was $0.28 versus $0.10 in the same quarter in 2008;
-- Cash and equivalents were $10.3 million; current ratio of 5.1 to 1.


http://finance.yahoo.com/news/SORL-Auto-Parts-Reports-prnews-4066672242.html?x=0&.v=13

Anyone playing the April $7.50 calls? Up big today. Cha-ching.

Looks like you may be correct. I tried to grab some more pre-market but didn't get filled. Guess I'll just let what I have ride, and root for the 12's as well.

Had to look up "Mellifluously" :). Nice word choice - hope you are correct.

Down 15% PM to $8.50.

Great DD. I'm looking to buy some more as well, but haven't pulled the trigger yet. I agree with your mid/long term sentiments on the auto industry. To that end I've been looking at WATG, but have spent enough time researching.

That's what I was thinking too. Unfortunately, there isn't a link to their presentation on the conference site.

Any ideas why such a big move today, especially with the glut of steel?

Coal has been king for the past three weeks. Gotta love it.

Re-posting from CGS board by Rames.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47315901

CKGT China Kangtai Cactus Biotech Inc. (OTCBB: CKGT), a vertically integrated grower, developer, manufacturer and marketer of a variety of cactus-based products in China, announced today preliminary unaudited revenue results for the full year 2009. The audit of the Company's consolidated financial statements as of and for the year ended December 31, 2009 has not been completed and changes may result during the completion of the Company's audit.

For the full year, the Company believes reported revenue will be approximately $25.8 million, up 27% from $20.3 million in year 2008, attributable to strong sales of its new products, including, cactus-based low and zero nicotine cigarettes and cactus-based green animal feed.

Financial Outlook

Based on continued strong demand for existing and new clients, the company is targeting its revenue for the full year 2010 to be approximately $34.8 million, up 35% from approximately $25.8 million in year 2009.

The above statements regarding forecast are forward-looking and actual results may differ materially. These are the companys targets and not predictions of actual performance.

The Company anticipates reporting its fourth quarter and full fiscal year 2009 results by March 31, 2010. More information on the Company's financial results will be provided at that time.

I'm only seeing Rodman & Renshaw covering, with an estimate of $20. Are you aware of other analysts? I started a position today and will look to add.

Give this a read. http://www.investopedia.com/articles/basics/03/030703.asp

You basically need to subtract the restricted shares from the outstanding shares to determine the float.

HTH

Very nicely done. Thanks for sharing. Any thoughts on how they are going to address the receivables issue?

I believe it is just the overall sentiment that's keeping volumes down on this one and others. Hopefully the tide is turning with the Greece bail out and the daily announcements of earnings blowouts. I only wish I had more cash on hand to buy more at these prices.

Thank you sir ... Appreciate the sucky picks tremendously

Guess I'm one of the some

Bought in twice and looking to free some more capital to buy some more. Also bought a couple times in the other one as well. I must say, these picks really do suck!

Not being a charting person - I just started reading some TA material this weekend, so have a long long ways to go, can you provide a 30,000 foot rundown of this chart?

Many thanks,
Chad

Amen brother

Vote of confidence from The Street.

http://www.thestreet.com/_yahoo/story/10676957/1/a-google-do-over-under-the-radar.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Thanks. Kuwlness posted it out there. It's a good read IMO. With all of the negativity, it's nice to see that others are seeing opportunity.

Anyone care to post this to ECSC? There's been a few negative China press pieces, and I think this would add balance. I'd do it myself, but haven't got off of the free status yet.

Glommed from a TMF board.

http://www.businessweek.com/news/2010-02-08/emerging-stock-funds-losses-show-repeat-of-04-rally-update2-.html

From 8K filing today ...

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001168542-10-000014

L&L through L&L Yunnan Tianneng Industry Co. Ltd. “(TNI”), a 98% controlled subsidiary in China, entered an agreement to subcontract the operation of Luoping County ZoneLin Coal Coking Factory in China (“ZoneLin”). ZoneLin is a profitable operating coking facility, which produces 150,000 tons of coke annually. The Company is to provide capital, management skills, and take operational profit or loss of ZoneLin under the agreement. The management believes that the agreement meets the criteria of FIN 46; Consolidation of Variable Interest Entities, and therefore ZoneLin’s revenue, profit, or loss can be consolidated into L&L financial statements as a variable interest entity.

The agreement was signed on February 3, 2010 with an effective date of November 1, 2009.

It is expected the agreement would generate approximate $28 Million USD revenue per year, using $187 per ton coal price as a basis.

The above provides only a brief summary of the agreement. A full English translation of the Agreement is attached hereto as Exhibit 10.1. Copy of the actual agreement in Chinese, is available in L&L’s office.

From exhibit 10

TNI will provide necessary working capital, management, and assets necessary to operate ZoneLin smoothly. In addition, TNI shall pay a fee to ZoneLin and its shareholders each year to be able to operate the coking facilities. The fee is US $0.2 million (US $200,000) each year, or total US $1 million for five years, which can be paid either in cash or in L&L common shares. The US $1 million (US $1,000,000) fee should be paid to Party A within 10 days after signing of this written agreement. TNI has the right to approve any transactions that may materially affect the assets, liabilities, rights or operations of the Company and provide, binding advice regarding the Company's daily operations, financial management and employment matters, including the dismissal of employees. In addition, TNI has the right to recommend director candidates and appoint the senior executives of the Company. The agreements expire 5 years from execution unless renewed. TNI has the right to terminate the agreement upon 30 days' written notice but ZoneLin does not have the right to terminate its respective agreement during its term. TNI may freely assign its rights and obligations under the agreement upon written notice to ZoneLin. ZoneLin may not assign their rights or obligations under the respective agreement without the prior written consent of TNI.

Thanks. Sorry for the laziness on my part :)

Excellent write-up. Thank you for sharing. Have you taken a stab at determining their expansion/upgrade costs over the next couple of years?

http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=31100

Nothing that we don't already know, but good PR just the same.

http://www.thestreet.com/_yahoo/video/10670324/sorl-china-watch-mail-bag.html?cm_ven=YAHOOV&cm_cat=FREE&cm_ite=NA&s=1#64180662001

Nice!

I follow ECSC, enjoy your perspective, and always get a kick out of your signature pics. Tracked you down to another board since I haven't upgraded to a premium iHub account yet, and couldn't reply to the ECSC board. Very nice picture. It's the little things in life that keep you happy. Thanks for putting a smile on my face today.

Very amusing indeed. I'm sure a few of those phrases will find there way into some of my emails today.

I just re-read the presentation and located the following link to their Xin Aoxing Oleanolic Acid website. I feel better now. Didn't spot it the first time around. Of course there doesn't appear to be an English version, so I put it through the google translator. Found our competition to the hep B drug.

" Eating tomatoes can also be anti-hepatitis B, this is not a fairy tale. ??????,????????,?????????????????,?????... Sit at home every day, eat 35 tomatoes"

http://www.zggbyy.com/

Time to buy some tomato ag stocks as well!

I prefer hóng máo guizi , but that's just me :). More I thought about it, the more I thought "why am I thinking about this?". The Q/Q and Y/Y numbers are great, so I'm going to stop over analyzing and just look for opportunities to add to an already full position.

Give this a read. I had the same basic question and thought they were more a pure materials manufacturer. Looks like they are trying to become a true end to end battery manufacturer.

http://ih.advfn.com/p.php?pid=nmona&cb=1262651110&article=40078838&symbol=NB%5ECSGH,

Given that we haven't heard anything around the testing with the 21 customers, my questions are around how they are utilizing their reconfigured production lines. Looking at my past notes, they had 12 total production lines, and converted three of them to Lithium Iron Phosphate. Are they selling any yet? Are they producing to inventory while they await tests? Are they idle?

I think this is a company that will pop on any positive news, but may require some short term patience.

I'm currently long and patient on CSGH

Great write-up as usual. The one nagging issue I have is that I can't find any news on Xin Aoxing Oleanolic Acid other than BioStar's press release. Any idea what it's marketed as? Point being it sounds great, but I'd like to see some mention of it outside of a PR. It hasn't stopped me from building a full position, though :)

-Chad

MLKR

Most folks that follow this board also follow the ECSC board where it was posted earlier.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45546367

If not, you can get to it from wireliner's post

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=45544016

But I suspect most folks read through whatever news alert system that they use. Point being, this board generally contains a very nice mix of DD and Technical Analysis, and very little of the yahoo type bla bla bla.

JMO