(AKRK)

Asia Cork, Inc.

Close Price:
0.32

Change:
0.00

% Change:
0.00 %

Date:
2/1/2012

52 Week:
0.11 - 0.61

Prev Close:
0.32

Open:
0.00

Volume:
0

90D Avg. Volume:
14,803

2/1/2012 Range:
0.00 - 0.00

Market Cap:
11,411,200

Trailing PE Ratio:
2.46

Shares Out:
35,660,000

EPS:
0.13

Yield:
0.00

Dividend:
0.00

Dividend Date:
-

Quarter End:
3/31/2012

Asia Cork, Inc.

Website: www.hankersen.com

Business Summary: Asia Cork Inc., through its subsidiaries, engages in the development, manufacture, and distribution of cork wood floor, wall, sheets, rolls, and other cork decorating items. The company?s product lines include raw cork materials, semi-finished cork products, finished cork products, and by-products, including cork roll, cork paper, crafts and ornaments, cork floorboards, and wallboards. Its products also comprise cork granules, glue-down floors, floating floors, and basic cork boards. The company sells its products under the Hanxin brand directly, as well as through distributors and agents to customers in the People?s Republic of China; and exports its products to India, the United States, Japan, and Germany. Asia Cork Inc. is headquartered in Xian, the People?s Republic of China.


3rd Floor A Tower Of Chuang Xin Iformation Building
No 72 Second Keji Road Hi Tech Zone
Xi'An, 710075 China China
P: 86 133 0199 6766

AKRK Earnings Calendar

Q1:
Jan
1
 -
Mar
31
Q2:
Apr
1
 -
Jun
30
Q3:
Jul
1
 -
Sep
30
Q4:
Oct
1
 -
Dec
31

Friday, April 16, 2010

China Shandong Industries becomes new addition to the China Dragon Undervalued Index

China Vesting today issued a press release announcing adding China Shandong Industries (CSNH) to the China Dragon Undervalued Index. CSNH is engaged in manufacturing and marketing handicrafts and furniture. The company offers poplar and paulownia furniture, distributed in more than 30 countries and carried by Wal-Mart, IKEA and other mass market retailers. Yesterday, CSNH filed its 10-K annual report. Revenues for the 2009 full year increased 41.12% to $59.54 million year-over-year and net income surged 73.26% to $9.98 million. The company reported cash and cash equivalent of $2.18 million and net cash provided by operating activities was $9.06 million. Since the company announced listing on OTCBB on January 21, 2010, its market capitalization has increased by $41.45 million. The stock today reached a record high of $3.29 and closed at $3.00.

  full story Top
Period Ending
 
Assets
Current Assets
Cash & Cash Equivalents
Short Term Investments
Net Receivables
Inventory
Other Current Assets
Total Current Assets
Long Term Assets
Property Plant & Equipment
Goodwill
Intangible Assets
Accumulated Amortization
Other Assets
Deferred Long Asset Charges
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term Debt
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Other Liabilities
Deferred Long Term Liability Charges
Minority Interest
Negative Goodwill
Total Liabilities
Stockholders' Equity
Misc Stock Options Warrants
Redeemable Preferred Stock
Preferred Stock
Common Stock
Retained Earnings
Treasury Stock
Capital Surplus
Other Stockholder Equity
Total Stockholder Equity
Net Tangible Assets
12/31/2009
 
 
 
$50
$0
$7,648
$5,971
$0
$13,829
$2,051
$5,317
$0
$1,630
$0
$3,384
$55
$26,265
 
 
$2,244
$915
$33
$3,192
$0
$0
$0
$2,098
$0
$5,290
 
$0
$0
$0
$4
$0
$0
$4,765
$5,467
$20,975
$19,345
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
YoY
 
 
 
108.3%
(100.0%)
1.6%
116.7%
0.0%
17.3%
(0.0%)
10.4%
0.0%
853.2%
0.0%
(3.0%)
223.5%
17.6%
 
 
19.4%
(19.7%)
(23.3%)
4.2%
0.0%
0.0%
0.0%
16.6%
0.0%
8.8%
 
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
8.3%
11.5%
20.1%
11.9%
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
12/31/2008
 
 
 
$24
$1,466
$7,526
$2,756
$0
$11,787
$2,052
$4,814
$0
$171
$0
$3,488
$17
$22,328
 
 
$1,880
$1,140
$43
$3,063
$0
$0
$0
$1,800
$0
$4,863
 
$0
$0
$0
$4
$0
$0
$4,401
$4,901
$17,466
$17,294
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
YoY
 
 
 
(93.5%)
0.0%
56.6%
199.6%
0.0%
92.9%
6.9%
5.2%
0.0%
6.2%
0.0%
(24.7%)
0.0%
28.3%
 
 
(0.5%)
113.1%
186.7%
25.5%
0.0%
0.0%
0.0%
18.3%
0.0%
22.7%
 
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.1%
48.2%
30.0%
30.3%
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
Period Ending
 
Assets
Current Assets
Cash & Cash Equivalents
Short Term Investments
Net Receivables
Inventory
Other Current Assets
Total Current Assets
Long Term Assets
Property Plant & Equipment
Goodwill
Intangible Assets
Accumulated Amortization
Other Assets
Deferred Long Asset Charges
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Short/Current Long Term Debt
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Other Liabilities
Deferred Long Term Liability Charges
Minority Interest
Negative Goodwill
Total Liabilities
Stockholders' Equity
Misc Stock Options Warrants
Redeemable Preferred Stock
Preferred Stock
Common Stock
Retained Earnings
Treasury Stock
Capital Surplus
Other Stockholder Equity
Total Stockholder Equity
Net Tangible Assets
6/30/2010
 
 
 
$1,118
$0
$10,391
$9,243
$0
$20,813
$5,165
$2,820
$0
$4
$0
$2,846
$78
$31,726
 
 
$6,022
$700
$107
$6,829
$0
$0
$0
$2,232
$0
$9,061
 
$0
$0
$0
$4
$0
$0
$4,765
$5,884
$22,665
$22,661
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
QoQ
 
 
 
124.5%
(100.0%)
15.5%
336.6%
0.0%
58.4%
152.0%
(39.5%)
0.0%
(97.6%)
0.0%
(18.3%)
457.1%
34.9%
 
 
136.1%
0.0%
269.0%
108.3%
0.0%
0.0%
0.0%
19.0%
0.0%
75.8%
 
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
17.0%
23.5%
24.6%
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
3/31/2010
 
 
 
$1,285
$0
$8,825
$3,959
$0
$14,122
$5,162
$2,284
$0
$4
$0
$4,849
$54
$26,473
 
 
$2,443
$700
$23
$3,167
$0
$0
$0
$2,117
$0
$5,284
 
$0
$0
$0
$4
$0
$0
$4,765
$5,504
$21,189
$21,185
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
QoQ
 
 
 
6,663.2%
(100.0%)
18.0%
50.4%
0.0%
20.9%
151.9%
(51.7%)
0.0%
(97.6%)
0.0%
39.2%
237.5%
19.6%
 
 
40.0%
(35.4%)
64.3%
11.4%
0.0%
0.0%
0.0%
17.8%
0.0%
13.9%
 
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
12.9%
21.1%
22.3%
  
 
 
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
Period Ending
Net Income
Operating Activities
Depreciation
Adjustments To Net Income
Changes In Accounts Receivables
Changes In Liabilities
Changes In Inventories
Changes In Other Operating Activities
Total from Operating Activities
Investing Activities
Capital Expenditures
Investments
Other Investing Activities
Total from Investing Activities
Financing Activities
Dividends Paid
Sale Purchase of Stock
Net Borrowings
Other Financing Activites
Total from Financing Activities
Effect of Exchange Rate Changes
Change in Cash and Cash Equivalents
12/31/2009
$3,345
 
$310
$658
($377)
$387
($3,219)
($115)
$989
 
($811)
($29)
$103
($738)
 
$0
$0
($224)
$0
($224)
$0
$27
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
YoY
14.5%
 
8.4%
55.6%
83.1%
465.1%
(94.1%)
(5,850.0%)
368.8%
 
(289.9%)
98.0%
208.4%
(143.6%)
 
0.0%
0.0%
(139.4%)
0.0%
(139.4%)
100.0%
107.8%
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
12/31/2008
$2,921
 
$286
$423
($2,237)
($106)
($1,658)
$2
($368)
 
($208)
($1,466)
($95)
($303)
 
$0
$0
$568
$0
$568
($241)
($344)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
YoY
65.8%
 
14.9%
(15.2%)
(118.5%)
(114.6%)
(923.5%)
(92.3%)
(117.7%)
 
83.5%
(176.3%)
96.5%
85.2%
 
0.0%
0.0%
246.0%
0.0%
246.0%
(240.9%)
(74.6%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period Ending
Net Income
Operating Activities
Depreciation
Adjustments To Net Income
Changes In Accounts Receivables
Changes In Liabilities
Changes In Inventories
Changes In Other Operating Activities
Total from Operating Activities
Investing Activities
Capital Expenditures
Investments
Other Investing Activities
Total from Investing Activities
Financing Activities
Dividends Paid
Sale Purchase of Stock
Net Borrowings
Other Financing Activites
Total from Financing Activities
Effect of Exchange Rate Changes
Change in Cash and Cash Equivalents
6/30/2010
$1,309
 
$93
$299
($1,993)
$3,976
($5,223)
($8)
($1,547)
 
$0
$0
$1,437
$0
 
$0
$0
$0
$0
$0
($57)
($110)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
QoQ
53.1%
 
25.7%
90.4%
(148.8%)
384.3%
(1,110.3%)
98.9%
(267.8%)
 
0.0%
0.0%
0.0%
0.0%
 
0.0%
0.0%
100.0%
0.0%
100.0%
(1,325.0%)
(122.8%)
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
3/31/2010
$210
 
$86
$13
($1,165)
$189
$2,011
$107
$1,450
 
$0
$0
$0
$0
 
$0
$0
($215)
$0
($215)
$0
$1,235
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
QoQ
284.2%
 
13.2%
(82.7%)
(3,428.6%)
245.4%
1,589.9%
259.7%
29,100.0%
 
0.0%
0.0%
0.0%
0.0%
 
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
24,800.0%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Period Ending
Total Revenue
Cost of Revenue
Gross Profit
Operating Expenses
Research Development
Selling General & Administrative
Non Recurring
Others
Total Operating Expenses
Operating Income or Loss
Income from Continuing Operations
Total Other Income/Expenses Net
Earnings Before Interest And Taxes
Interest Expense
Income Before Tax
Income Tax Expense
Minority Interest
Net Income From Continuing Ops
 
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect Of Accounting Changes
Other Items
Net Income
Preferred Stock And Other Adjustments
Net Income Applicable To Common Shares
12/31/2009
$24,394
$16,005
$8,388
 
$183
$3,459
$245
$0
$0
$4,501
 
$136
$4,334
$0
$4,334
$693
($296)
$3,345
 
 
$0
$0
$0
$0
$3,345
$0
$3,345
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
YoY
14.1%
14.8%
12.7%
 
0.0%
1.6%
0.0%
0.0%
0.0%
11.5%
 
260.0%
9.7%
(100.0%)
14.2%
16.1%
(6.9%)
14.5%
 
 
0.0%
0.0%
0.0%
0.0%
14.5%
0.0%
14.5%
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
12/31/2008
$21,378
$13,937
$7,441
 
$0
$3,406
$0
$0
$0
$4,035
 
($85)
$3,949
$154
$3,796
$597
($277)
$2,921
 
 
$0
$0
$0
$0
$2,921
$0
$2,921
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
YoY
33.2%
26.8%
47.0%
 
0.0%
38.1%
0.0%
0.0%
0.0%
55.6%
 
73.3%
73.6%
2,466.7%
67.3%
71.1%
(75.3%)
65.8%
 
 
0.0%
0.0%
0.0%
0.0%
65.8%
0.0%
65.8%
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
Period Ending
Total Revenue
Cost of Revenue
Gross Profit
Operating Expenses
Research Development
Selling General & Administrative
Non Recurring
Others
Total Operating Expenses
Operating Income or Loss
Income from Continuing Operations
Total Other Income/Expenses Net
Earnings Before Interest And Taxes
Interest Expense
Income Before Tax
Income Tax Expense
Minority Interest
Net Income From Continuing Ops
 
Non-recurring Events
Discontinued Operations
Extraordinary Items
Effect Of Accounting Changes
Other Items
Net Income
Preferred Stock And Other Adjustments
Net Income Applicable To Common Shares
9/30/2010
$11,002
$7,555
$3,448
 
$0
$536
$221
$0
$0
$2,691
 
$35
$2,739
$0
$2,739
$407
($185)
$2,146
 
 
$0
$0
$0
$0
$2,146
$0
$2,146
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
QoQ
8.4%
16.6%
(6.0%)
 
0.0%
(69.9%)
(12.6%)
0.0%
0.0%
64.4%
 
34.6%
68.9%
0.0%
68.9%
38.4%
(74.5%)
75.6%
 
 
0.0%
0.0%
0.0%
0.0%
75.6%
0.0%
75.6%
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
6/30/2010
$7,799
$5,314
$2,485
 
$0
$792
$4
$0
$0
$1,690
 
$33
$1,681
$0
$1,681
$258
($114)
$1,309
 
 
$0
$0
$0
$0
$1,309
$0
$1,309
  
  
  
  
 
  
  
  
  
  
  
 
  
  
  
  
  
  
  
 
 
  
  
  
  
  
  
  
QoQ
29.9%
37.6%
16.0%
 
0.0%
(16.8%)
300.0%
0.0%
0.0%
42.0%
 
17.9%
50.9%
(100.0%)
50.9%
43.3%
(44.3%)
53.1%
 
 
0.0%
0.0%
0.0%
0.0%
53.1%
0.0%
53.1%