Potse Monday, 07/09/12 03:34:39 PM Re: None Post # of 112 Nice Q1 2012 numbers...... Trailing 12-month numbers as of 3/31/2012..... $25M revenue $17M net income .03 EPS The China RM company has a tax exemption, so it is able to drop more money down to the bottom line. The very nature of the business will probably produce "lumpy/bumpy" results over shorter periods of comparisons, but it appears that some of the China/local government greening policies that were put in place during 2011 should produce some potentially nice growth for DION in the coming years. It also looks like they may be increasing efforts at some point to produce more "value-added" types of products (for example, edible oils, herbal products, etc) using their natural resource items. It appears that the company's licenses and access to resources has become quite valuable due to market demand and significantly increasing prices on many of the plants/products the company is involved with. Q1 2012 revenue..... Quote:For the three months ended March 31, 2012, we reported revenue of $7,213,929, an increase of $6,428,000 or 818%, from revenue of $785,929 for the three months ended March 31, 2011. The significant revenue increase was driven by three sales contracts we entered into with Guanrui Real Estates, Jiyang Real Estates, and Jiangxi Phoenix Gardening Greening Service Co., Ltd., which in total represented 57% of revenue for the reporting period. Most of our customers are contractors of the Key Greening Projects approved by the local government of Shangrao. The Key Greening Projects, planned and announced in 2011, comprise the development and construction with governmental funding of certain public parks, landscape zones, infrastructures, and tourism, sightseeing and hospitality projects in the municipality of Shangrao and surrounding counties. To guaranty a stable supply of nursery plants, contractors of the Key Greening Projects generally enter into large-volume contracts with major suppliers like us. Therefore, our revenue during the first quarter 2012 has gone up significantly compared with same period last year. In addition, the contractors with public funds granted by the governments tend to pay a higher price for in-time delivery, which further enhanced our revenue. Q1 2012 net income..... Quote:Net income for the three months ended March 31, 2012 increased by $5,131,799, or 1212%, to $5,555,294, as compared to $423,495 for the three months ended March 31, 2011. The movement is primarily driven by the increase in sales in terms of volume and price. A paragraph from the section on 2011 revenue..... Quote:The rise in price was mainly due to market demand, which relates to the government supporting policy for urban greening work and city greening coverage. Both Jiangxi and Fujian (one of our major sales provinces for stump and bonsai products) provincial government have announced a “Four Trees” policy in 2011 which means, all the cities in Jiangxi and Fujian should improve the urban greening coverage by four times. The favorable policy opened vast market capacity to us. Moreover, we hold an exclusive thirty year plants harvesting license over Mount Wufu, which contains vast and rich plant specimens, for this reason, we are competitive in plants supplying of different species.