China Growth Stocks

[derek2000]

Orient Paper ORPN financials:

I am trying to glean together the earning estimates for ORPN. The stock is to be uplisted tomorrow and should get some attention.

ORPN

Current EPS and PE (TTM):
Quotemedia.com: $2.10, PE = 4.60
yahoo does not show any PE
Google shows a PE of 8.68. (Rick Pearson believed it is wrong since)
MSN: 8.71

2010 EPS and PE:
Orient Paper's guidance is an earning of $18.0 million for fiscal year 2010, provided the digital photo paper project proceeds as planned. If so, the 2010 PE is about 7.5 excluding any dilution.

Rick Pearson of thestreet.com has much more aggressive projection for earnings He believe that even when at PPS of $20, the stock may still have a PE of 8.7 for 2010.


Third quarter 2009 highlights: (reported in Nov 16)


- Revenue for the third quarter of 2009 increased 67.3% year-over-year to approximately $30.5 million
-- Gross profit increased 107.4% year-over-year to approximately $7.1 million
-- Gross margin was 23.3%, up 4.5 percentage points year-over-year
-- Operating income rose 107.0% year-over-year to approximately $6.6 million
-- Net income increased 107.1% year-over-year to approximately $4.8 million, or $0.20 (post reverse split) per diluted share

Here a

Second quarter results (report in May)

- Revenues are 32% higher ($17,837,478) this quarter in comparison to the same quarter last year ($13,528,033).

- Gross Profit was 34% higher this quarter ($3,336,438) in comparison to the same quarter last year ($2,483,529).

- Net income was 59% higher this quarter ($2,298,600) versus the same quarter last year ($1,444,260).

- Cash & cash equivalents were 508% higher this quarter ($6,531,754) versus the same quarter last year ($1,283,834).