Chinese Tech Stock Weekly Summary May 22nd, 2007 with stocks: CHCG.OB, CHINA, CHL, CHU, CTRP, LONG, SINA
China 3C Group (CHCG.OB), a Chinese electronics retailer, posted revenue of US$84.5 million for the first quarter of 2007, compared to the US$13.4 million it posted in the same quarter last year. The company ascribed the climb of 530 percent in revenues to a rise in sales and to acquisitions last year. On a sequential basis, the company said revenues increased 33 percent to US$84.5 million from US$63.6 million in the fourth quarter of 2006. China 3C registered net income for the quarter was US$6.5 million, up 607 percent from US$913,548 for the same quarter last year. The company said it generated US$2.6 million in cash from operating activities during the quarter and had US$9.1 million in cash at the end of the first quarter. http://china.seekingalpha.com/article/36231
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