Biostar Pharmaceuticals (BSPM) hit a fresh 52-week high of $5.15 and closed at $5.05, or 7.91% higher on over three times the regular trading volume. The company today filed a Form 8-A stating that the Registration Statement on Form 8-A is being filed in connection with the listing of the common stock on The Nasdaq Stock Market. Today’s surge was buoyed by anticipation for the company’s uplisting announcement.
Shares of Orient Paper (ONP) bounced back from previous losses with a 4.94% gain to close at $9.78 on average trading volume. The stock currently has a support of $8.89 and a resistance of $10.18. Shares of China 3C Group (CHCG) jumped back from yesterday’s drop and closed at $0.45, or 4.65% higher. CHCG has a solid resistance level at its descending 50-day moving average. New Energy Systems Group (NEWN) recouped all of its losses from the prior sessions with a gain of 4.15%, closing at $8.53. NEWN currently has a resistance located at $8.75.
China-Biotics (CHBT) yesterday announced that it has received the GMP approval for its new Qingpu production facility. With the certificate, the facility is manufacturing all products under the nation’s strict GMP standard. Qingpu production facility features a 150 metric ton annual production capacity with production expected to reach a run rate of 75 metric tons by the end of 2010. Shares of the company rallied 3.01% yesterday. Following a positive commentary issued by TheStreet.com this morning, the stock was up another 3.82%, closing back above its 50-day moving average.
Among the worst performing stocks, shares of Yayi International (YYIN) slumped 14.81% and closed at $2.30 for the day. The company has a strong resistance level at $3.00 and a support located at $2.05. Total volume traded in today’s session accounted for 122,000 shares, representing only 1.19% of the float. Yayi International is a manufacturer of premium goat milk formula products.
China Armco Metals (CNAM) announced that it will sell 1.53 million shares of common stock to institutional investors in a private placement at $6.50 per share for proceeds of approximately $10 million. The buyer will also receive warrants to purchase 1.53 million shares of common stock, exercisable at $7.50 per share. According to the company, net proceeds will be used for general working capital purposes. The stock dipped 11.22% to $6.17 on nearly two times the average trading volume.
China INSOnline (CHIO), an online insurance provider, tumbled 10.61% to $0.59, closely above the support at 50-day moving average following a negative commentary issued by TheStreet.com. The reporter mentioned that though China INSOnline has great profit margins and high returns on equity but he has been unable to get in tough with the company. In addition, the internet rumor that the company is suffering from a bad business as a dramatic decrease in the number of visitors to its industry web portal www.soobao.cn, has seriously hurt the stock.
Most of the Chinese solar stocks in China 100 Stock Index lost ground today after Canadian Solar, one of the world’s largest solar power company, announced a lower margin forecast. Trina Solar (TSL) decreased the most, falling 6.81% to $24.374, closely above the 50-day moving average. LDK Solar (LDK) pulled back from yesterday’s gain and broke below the 200-day moving average with a loss of 4.24%. Suntech Power (STP) fall 3.67% to close below 50-day moving average while Solarfun Power (SOLF) dropped 3.6%, Yingli Green Energy (YGE) down 2.41%, and JA Solar (JASO) slipped 0.83%.
| TOP GAINERS |
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Biostar Pharmaceuticals, Inc. (BSPM) |
5.05 |
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0.37 / + 7.91% |
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Orient Paper Inc. (ONP) |
9.78 |
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0.46 / + 4.94% |
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China 3C Group (CHCG) |
0.45 |
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0.02 / + 4.65% |
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New Energy Systems Group (NEWN) |
8.53 |
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0.34 / + 4.15% |
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China-Biotics, Inc. (CHBT) |
17.40 |
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0.64 / + 3.82% |
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| TOP LOSERS |
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Yayi International (YYIN) |
2.30 |
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0.40 / - 14.81% |
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China Armco Metals, Inc. (CNAM) |
6.17 |
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0.78 / - 11.22% |
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China INSOnline Corp. (CHIO) |
0.59 |
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0.07 / - 10.61% |
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Trina Solar Ltd. (TSL) |
24.34 |
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1.78 / - 6.81% |
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China Organic Agricultr (CNOA) |
0.60 |
|
0.04 / - 6.25% |
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Wednesday, April 21, 2010
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 Melco Crown Entertainment Ltd. (MPEL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. New York, April 21, 2010 — Melco Crown Entertainment Limited (NASDAQ: MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today announced that it will file its first quarter results for 2010 on Form 6-K with the U.S. Securities and Exchange Commission on April 28, 2010, to be followed by a conference call on the same day at 8:30 a.m. Eastern Time (or 8:30 p.m. Hong Kong Time).
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 China Mobile Limited (CHL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The unaudited financial data of the Group for the first quarter of 2010 reflected:
• Operating revenue reached RMB109.087 billion, up by 7.7% over the same period of last year
• EBITDA of RMB55.154 billion, up by 3.3% over the same period of last year
• Profit attributable to shareholders of RMB25.477 billion, up by 1.1% over the same period of last year
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 Orient Paper Inc. (ONP) files 8-K - Current report. On April 21, 2010, Orient Paper, Inc., a Nevada corporation (the “Company”), amended the terms of its Loanout Agreement (the “Loanout Agreement”) with Winston C. Yen, CPA, a Professional Accountancy Corporation (“Lender”), for the services of Lender’s employee, Winston C. Yen, as Chief Financial Officer.
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 Biostar Pharmaceuticals, Inc. (BSPM) files 8-A12B - Registration of securities [Section 12(b)]. This Registration Statement on Form 8-A is being filed in connection with the listing of the common stock, par value $0.001 per share (the “Common Stock”), of Biostar Pharmaceuticals, Inc., a Maryland corporation (the “Registrant”) on The Nasdaq Stock Market LLC.
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 New Oriental Edu & Tech ADR (EDU) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. BEIJING, April. 20, 2010 /PRNewswire-Asia/ — New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the fiscal quarter ended February 28, 2010, which is the third quarter of New Oriental’s fiscal year 2010.
Highlights for the Third Fiscal Quarter Ended February 28, 2010:
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Total net revenues increased by 36.2% year-over-year to $89.2 million from US$65.4 million in the same period of the prior fiscal year.
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Net income attributable to New Oriental increased by 33.0% year-over-year to US$13.8 million from $10.4 million in the same period of the prior fiscal year.
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 SinoHub, Inc. (SIHI) files SC 13D/A [Amend] - General statement of acquisition of beneficial ownership. This statement is being filed by Jan Rejbo (the “Reporting Person”). The Reporting Person is a citizen of Sweden. His principal occupation is private investor. The Reporting Person’s residence is 64/38 M.6 Crystal Park Soi Yothinpattana, Praditmanutham Road Latprao Latprao, Bangkok W1 Thailand 10230. This Amendment relates to the sale by the Reporting Person of 500,000 shares of Common Stock of the Issuer, pursuant to the Registration Statement, in consideration for $2.80 per share of Common Stock of the Issuer.
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 China Life Insurance Co. Ltd. (LFC) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. This announcement is made to publish the information on the unaudited accumulated premium income of the Company to be released on China Insurance Regulatory Commission (“CIRC”)’s website.
Reference is made to the Company’s announcement dated 27 August 2004.
Pursuant to the “Regulations regarding the Accounting Treatment of Insurance Contracts” issued by the Ministry of Finance, the accumulated premium income of the Company for the period from 1 January 2010 to 31 March 2010 was about RMB110.3 billion.
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Wednesday, April 21, 2010
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 CDC Software Expects Solid Growth in First Quarter 2010 Application Sales and Total Recurring Revenue Compared to First Quarter 2009. SHANGHAI & ATLANTA--(BUSINESS WIRE)--CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise software provider of on-premise and cloud deployments, today announced that, based on preliminary financial projections and estimates, the company expects first quarter 2010 application sales, which is comprised of license revenue plus new total contract value for Software-as-a-Service (SaaS) sales secured during the first quarter of 2010, to increase by approximately 14 percent to $8.2 million from $7.2 million in the first quarter of 2009. Total Non-GAAP recurring revenue,a which CDC Software defines as Non-GAAP maintenance plus SaaS revenue, is also expected to increase by approximately 13 percent to $27.4 million in the first quarter of 2010 from $24.2 million in the first quarter of 2009.
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 China Sky One Medical Announces the Commercial Launch of Two New Products. HARBIN, China, April 21 /PRNewswire-Asia-FirstCall/ -- China Sky One Medical, Inc. ("China Sky One Medical" or "the Company") (Nasdaq: CSKI), a leading fully integrated pharmaceutical company producing over-the-counter drugs in the People's Republic of China ("PRC"), today announced it had commenced the commercial launch of Oxymetazoline Hydrochloride Nasal Drops and Moschus Liniment for Pain Relief.
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 Lihua International Receives Growth and Industry Leadership Awards. DANYANG, China, April 21 /PRNewswire-Asia/ -- Lihua International, Inc., (Nasdaq:LIWA - News) ("Lihua" or the "Company"), a leading Chinese developer, designer, manufacturer, marketer and distributor of low cost, high quality alternatives to pure copper superfine and magnet wire, as well as copper rod products, today announced that it has received awards and recognitions from a variety of industry organizations for its outstanding growth and leadership.
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 RINO International Corp. Secures $8.1 Million Loan from Pudong Development Bank of Shanghai for Shougang BOT Desulphurization Project. DALIAN, China, April 21 /PRNewswire-Asia-FirstCall/ -- RINO International Corp. (Nasdaq: RINO), which through its subsidiaries and controlled affiliates (collectively, the "Company" or "RINO"), designs, manufactures, installs and services proprietary and patented wastewater treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in the People's Republic of China ("PRC"), today announced that the Company secured an $8.1 million project loan for "build" contract of its BOT (Build-Operate-Transfer) desulphurization project with Shougang Jingtang Iron & Steel Co., Ltd.
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 ReneSola to Report First Quarter 2010 Results on May 10, 2010. JIASHAN, China, April 21 /PRNewswire-Asia-FirstCall/ -- ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL) (AIM: SOLA), a leading global manufacturer of solar wafers, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2010 before the U.S. markets open on Monday, May 10, 2010.
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 TSMC Ships 600,000 0.25-Micron Automotive-Qualified Embedded Flash Wafers. HSINCHU, Taiwan, R.O.C., April 21 /PRNewswire-FirstCall/ -- Taiwan Semiconductor Manufacturing Company, Ltd. (TWSE: 2330, NYSE: TSM) today announced that it has shipped nearly 600,000 8-inch 0.25-micron AEC-Q100 grade 1 qualified embedded flash (EmbFlash) wafers targeted at a wide variety of automotive applications, accounting for over 720 million microcontrollers (MCUs). Some customers have achieved less-than 0.1 parts per million field failure rate in 2009.
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 Yuhe International, Inc. Refinances Long-term Bank Loans at Favorable Rates. WEIFANG, Shandong, China, April 21 /PRNewswire-Asia-FirstCall/ -- Yuhe International, Inc. (Nasdaq: YUII) ("Yuhe" or the "Company"), a leading supplier of day-old chickens raised for meat production, or broilers, in the People's Republic of China ("PRC"), today announced that the Company extended the maturity dates of its RMB 56 million (approximately $8.2 million) bank loans to the first quarter of 2013. In addition, the interest rate on these loans was reduced to a fixed annual interest rate of 7.56% compared to the previous rates which varied between 8.64% and 13.82%.
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|  | The China 100 Stock Index closed Wednesday, April 21, 2010:
1,015.20  6.78 (0.66 %) | | | Biostar Pharmaceuticals, Inc. (BSPM) led the Gainers closing 4/21/2010:
5.05  0.37 (7.91 %)
| | | Yayi International (YYIN) was the Index biggest loser closing 4/21/2010:
2.30 0.40 (14.81 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Wednesday, April 21, 2010:
1,050.85 12.79 (1.20 %) | | | Shanda Interactive Entertainment Ltd. (SNDA) led the Index closing 4/21/2010:
44.85 0.58 (1.31 %)
| | | Trina Solar Ltd. (TSL) was the Index biggest loser closing 4/21/2010:
24.34 1.78 (6.81 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Wednesday, April 21, 2010:
1,026.07 3.01 (0.29 %) | | | Orient Paper Inc. (ONP) led the Index closing 4/21/2010:
9.78 0.46 (4.94 %)
| | | China Armco Metals, Inc. (CNAM) was the Index biggest loser closing 4/21/2010:
6.17 0.78 (11.22 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Wednesday, April 21, 2010:
955.38 5.24 (0.55 %) | | | Biostar Pharmaceuticals, Inc. (BSPM) led the Index closing 4/21/2010:
5.05 0.37 (7.91 %)
| | | Yayi International (YYIN) was the Index biggest loser closing 4/21/2010:
2.30 0.40 (14.81 %)
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