InvestorsHub Logo
Followers 9
Posts 1854
Boards Moderated 0
Alias Born 09/03/2010

Re: None

Tuesday, 08/29/2017 8:14:45 PM

Tuesday, August 29, 2017 8:14:45 PM

Post# of 10657
YSYB 2009 (AUDITED) NET INCOME USD $44,909,588.00!

YSYB 10K: For the fiscal year ended December 31, 2009.

PAGE 31 QUOTED.

NOTE KEY TAKEAWAY:

2009 (AUDITED) NET INCOME: $44,909,588.00 ( Nearly $45 MILLION USD NET INCOME ! )

2008 (AUDITED) NET INCOME: $9,900,466.00 ( Nearly $10 MILLION USD NET INCOME ! )


2009 & 2008 Net income ( $44,909,588 ) ( $9,900,466 )

Results of Operations

Year Ended December 31, 2009 Compared with Year Ended December 31, 2008

Our results of operations give effect to the restatement of previously issued consolidated financial statements as previously disclosed.

The following table shows the operating results for the years ended December 31, 2009 and December 31, 2008.


The year ended

The year ended


December 31,

December 31,


2009

2008

Consolidated Statement of Operations

($)

($)
(As restated)


(audited)

(audited)

Sales revenue, net
161,633,950 250,728,674
Cost of sales
(171,588,089 ) (229,838,842 )
Gross (loss) profit
(9,954,139 ) 20,889,832
Selling expenses
(247,301 ) (249,812 )
General and administrative expenses
(3,314,592 ) (5,552,223 )
Impairment loss of long-lived assets
(584,718 ) -
(Loss) on disposal of property, plant and equipment
(230,104 ) (31,113 )
(Loss) income from operations
(14,330,854 ) 15,056,684
Interest expense
(481,626 ) (822,355 )
Interest income
233,110 145,340
Stock exchange listing expense - (4,480,000 )
Change in fair value of warrants 59,477,401 -
Other income, net
11,557 797
Income before income taxes
44,909,588 9,900,466
Income tax
- -
Net income
44,909,588 9,900,466
Foreign currency translation adjustment
172,382 3,803,214


Comprehensive income
45,081,970 13,703,680

----------------------------------------------------------------------------------------------> >> >>>
ABSOLUTELY PHENOMENAL! GO YSYB > >> >>> >>>> >>>>> >>>>>> >>>>>>>
----------------------------------------------------------------------------------------------> >> >>>

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.