China Growth Stocks

[pmony5]

CGPI at $4.15 share Guidance for $1.45 puts CGPI at 2.5X's 2011 earnings maybe the cheapest China stock around will grab a few more down here...1RST QTR

# Revenue increased 45.4% to $12.1 million
# Non-GAAP adjusted net income increased 22.5% to $3.9 million with adjusted EPS of $0.30
# Gross margin increased 740 basis points to 60.5%
# China Redstone reiterates guidance for FY2011: Revenue of $40.0 million and net income of $19.5 million with EPS of $1.45