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.
China INSOnline Corp. (CHIO) has another huge gain today, up 12.28% on nearly three times the average trading volume. The stock closed at $0.64 and broke above its 100-day moving average, suggesting a bullish sign. The increases are partially attributed to a positive commentary issued by SmarTrend, stating that China INSOnline has an operating margin of 68.6% on trailing 12 months sales of $17.7 million and sales growth of 30.9%. Asia Cork (AKRK) surged 5.54% following an earnings release. Yesterday, the company announced revenues for full year 2009 increased 14% to $24.4 million year-over-year. Net income rose 22% to $3.3 million, or $0.09 per diluted share. The company did not provide guidance for 2010. AKRK jumped 17.02% on Wednesday when the company filed 10-K with SEC and slightly pulled back 1.82% in yesterday’s session. The stock has a resistance level located at $0.60.
Shares of QKL Stores (QKLS) climbed back from yesterday’s loss and closed back above the 50-day moving average at $6.02, or 3.61% higher. This is a relatively thin volume stock with a 3-month average trading volume of 173,000 shares. QKL Stores is a regional supermarket chain in northeastern China, announcing an update to its 2010 store opening plan this Tuesday. Two new supermarkets were opened in the 2010 first quarter and one department store was opened during the first week of April bringing the total number of tore locations to 39. The company expects to have a minimum of at least 56 locations by year end 2010.
Shares of China Unicom Hong Kong (CHU) climbed back above the 50-day moving average and closed at $11.74 with a gain of 2.35% on nearly two times the average trading volume. CHU was traded with a 52-week range between $10.34 and $15.95. China Unicom Hong Kong is one of the big three Chinese carriers. AsiaInfo Holdings (ASIA) recovered from previous loss, adding 1.59%. The company yesterday announced that it will report its first quarter 2010 earnings results on Monday, May 3, 2010. Analysts estimate revenues for the 2010 first quarter of $62.84 million and an EPS of $0.29, representing growth of 31.9% and 81.25% year-over-year respectively. ASIA currently has a support at its rising 50-day moving average and a resistance at $29.8.
Shares of Songzai International Holding Group (SGZH) continues to fall, dipping 11.76% on more than two times the regular trading volume following the 10-K. The Form 10-K, filed with SEC yesterday, showed a positive growth for full year 2009 but disappointing results for the 2009 fourth quarter. By subtracting the results for the previous three quarters from the results for the full year 2009, the company had its revenues decreasing 24.1% to $10.79 million for the 2009 fourth quarter year-over-year. Net income plunged 77.5% to $0.94 million. In the 10-K, Songzai itself disclose neither results for the 2009 fourth quarter nor guidance for the current year. Prior to the 10-K, the company’s Chief Financial Officer resigned on March 17, 2010. Looking at Songzai International’s website, I realized that Songzai International is lack of communication with its investors as the Investor Relations section was not updated since 2008. The company also never issues any press release. Based on the reasons above, China Vesting today announced the removal of Shongzai International Holding Group from the China Dragon Undervalued Index.
Shares of CNinsure Inc (CISG) pulled back from previous breakout, down 9.79% to close at $25.70 as profit taking occurs. Total volume traded today accounted three times the regular trading volume. Shares of Solarfun Power Holdings (SOLF) also gave back previous gains, dropping 9.64% on strong volume of 3.4 million shares, representing a 11.76% of the float. Yayi International (YYIN) shares decreased from a two-day rally, down 8.47% on light volume. The stock has a solid resistance level located at $3.00. On Wednesday, Yayi announced guidance for fiscal year 2010 with increased sales contracts value. The company expects net sales to be in the range of $58.6 million to $65.9 million. LDK Solar (LDK) came back from yesterday’s huge gain due to new contract, descending 7.95% on strong volume. The stock closed at $7.76, below its 50-day moving average.
| TOP GAINERS |
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China INSOnline Corp. (CHIO) |
0.64 |
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0.07 / + 12.28% |
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Asia Cork Inc (AKRK) |
0.57 |
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0.03 / + 5.56% |
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QKL Stores Inc. (QKLS) |
6.02 |
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0.21 / + 3.61% |
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China Unicom (Hong Kong) Limited (CHU) |
11.52 |
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0.26 / + 2.31% |
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AsiaInfo-Linkage,Inc. (ASIA) |
28.71 |
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0.45 / + 1.59% |
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| TOP LOSERS |
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US China Mining Group Inc. (SGZH) |
6.75 |
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0.90 / - 11.76% |
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Cninsure Inc. (CISG) |
25.44 |
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2.76 / - 9.79% |
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Solarfun Power Holdings Co. Ltd. (SOLF) |
8.34 |
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0.89 / - 9.64% |
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Yayi International (YYIN) |
2.70 |
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0.25 / - 8.47% |
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LDK Solar Co., Ltd. (LDK) |
7.76 |
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0.67 / - 7.95% |
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 The9 Limited (NCTY) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Online Game Services. Our online game service revenues for the years before 2005 were primarily derived from sales of prepaid playing time for the9 City. Since we commercially launched WoW in China in June 2005, we have derived substantially all of our online game service revenues from sales of WoW playing time. In 2007, 2008 and 2009, revenues from our online game services amounted to RMB1,331.0 million, RMB1,800.3 million and RMB795.5 million (US$116.5 million), respectively. The decrease in revenue in 2009 from 2008 was mainly due to revenue losses from the non-renewal of the WoW license agreement in June 2009.
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 Xinyuan Real Estate Co., Ltd. (XIN) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. BEIJING, China, April 15, 2010 – Xinyuan Real Estate Co., Ltd. (“Xinyuan” or the “Company”) (NYSE: XIN), a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that it has repaid in full the $75 Million Floating Rate Notes and the $25 million Convertible Note and that it has completed a placement of $40 million aggregate principal amount of a guaranteed senior secured note (the “New Note”) plus warrants to a holder of Xinyuan’s previous floating rate notes.
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 Giant Interactive Group, Inc. (GA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. SHANGHAI, PRC — April 15, 2010 — Giant Interactive Group Inc. (NYSE: GA) (“Giant” or the “Company”), a leading Chinese online game developer and operator, today announced that the Board of Directors has declared a cash dividend in the amount of US$0.18 per ordinary share on its outstanding shares. The ordinary cash dividend is payable on May 10, 2010 (Eastern Time) to shareholders of record at the close of trading on April 26, 2010 (Eastern Time).
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 CDC Corp. (CHINA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. BEIJING, ATLANTA — March 12, 2010 -— CDC Games, a business unit of CDC Corporation (NASDAQ: CHINA) and a pioneer of the “free-to-play, pay for merchandise” model for online games in China, announced today it plans to launch an expansion pack for EVE Online, called Wormhole, in the second quarter of this year.
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 Sinovac Biotech Ltd. (SVA) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Sales. Sales increased 81.1% to $84.2 million in 2009 from $46.5 million in 2008. Our sales in 2009 comprised sales of Healive, Bilive, Anflu, Panflu and Panflu.1. We generated $33.0 million and $40.8 million in sales of Healive in 2009 and 2008, respectively. We generated $6.2 million and $1.7 million in sales of Bilive in 2009 and 2008, respectively. We generated $15.2 million and $4.1 million in sales of Anflu in 2009 and 2008, respectively. We also generated $64,318 and $29.7 million in sales of Panflu and Panflu.1in 2009, respectively. The total number of doses sold increased from 8.6 million in 2008 to 22.3 million in 2009. Revenue growth in 2009 was mainly attributed to (1) increased sales of Bilive in the private vaccine market in China, (2) increased sales of Anflu, and (3) government purchases of Panflu. 1 after outbreaks of influenza A H1N1, partially offset by the decreased sales of Healive due to insufficient capacity of CDCs to inject other vaccines after outbreaks of influenza A H1N1.
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 51job Inc. (JOBS) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 55,126,859 common shares, par value US$0.0001 per share.
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 China Petroleum & Chem ADS (SNP) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. This is to announce that a meeting of the board of directors (the “Board”) of China Petroleum & Chemical Corporation (“Sinopec Corp.”) will be held on Wednesday, 28 April 2010 to consider and (if thought fit) approve the first quarterly results of Sinopec Corp. for the three months ended 31 March 2010.
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 LDK Solar Co., Ltd. (LDK) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. XINYU CITY, China and SUNNYVALE, Calif., April 16, 2010 — LDK Solar Co., Ltd. (NYSE: LDK), a leading manufacturer of multicrystalline solar wafers and PV products, will webcast the management presentations for its Investor Day in Xinyu City, China commencing at approximately 9:00 AM China Standard Time on Monday, April 19, 2010.
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51job, Inc. Files Annual Report on Form 20-F. SHANGHAI, April 16 /PRNewswire-Asia-FirstCall/ -- 51job, Inc. (Nasdaq: JOBS), a leading provider of integrated human resource services in China, announced today that its annual report on Form 20-F for the year ended December 31, 2009 has been filed with the U.S. Securities and Exchange Commission. The annual report on Form 20-F can be accessed through 51job's investor relations website at http://ir.51job.com . |
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LDK Solar to Webcast Investor Day Presentations on April 19, 2010. XINYU CITY, China and SUNNYVALE, Calif., April 16 /PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE:LDK - News), a leading manufacturer of multicrystalline solar wafers and PV products, will webcast the management presentations for its Investor Day in Xinyu City, China commencing at approximately 9:00 AM China Standard Time on Monday, April 19, 2010. |
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Sinovac Filed Its Annual Report on Form 20-F for 2009. BEIJING, April 16 /PRNewswire-Asia/ -- Sinovac Biotech Ltd. (Nasdaq:SVA - News), a leading China-based vaccine manufacturer, announced today it filed its annual report on Form 20-F for the fiscal year ended December 31, 2009 with the Securities and Exchange Commission on April 16, 2010. The annual report on Form 20-F can be accessed on Sinovac's website at http://www.sinovac.com/Investors/SECFilings/ . Sinovac will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders upon request. |
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 Yanglin Soybean, Inc. Reports 2009 Annual Financial Results. HEILONGJIANG, China, April 16 /PRNewswire-Asia-FirstCall/ -- Yanglin Soybean, Inc. (OTC Bulletin Board:YSYB.ob - News) ("Yanglin" or the "Company"), one of the leading domestic processors of soybean products in China, yesterday reported audited financial results for the year ended December 31, 2009.
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|  | The China 100 Stock Index closed Friday, April 16, 2010:
1,027.36  28.20 (2.67 %) | | | China INSOnline Corp. (CHIO) led the Gainers closing 4/16/2010:
0.64  0.07 (12.28 %)
| | | US China Mining Group Inc. (SGZH) was the Index biggest loser closing 4/16/2010:
6.75 0.90 (11.76 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Friday, April 16, 2010:
1,051.43 29.97 (2.77 %) | | | China Unicom (Hong Kong) Limited (CHU) led the Index closing 4/16/2010:
11.52 0.26 (2.31 %)
| | | China Telecom Corp. Ltd. (CHA) was the Index biggest loser closing 4/16/2010:
47.65 3.07 (6.05 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Friday, April 16, 2010:
1,027.61 30.91 (2.92 %) | | | QKL Stores Inc. (QKLS) led the Index closing 4/16/2010:
6.02 0.21 (3.61 %)
| | | Cninsure Inc. (CISG) was the Index biggest loser closing 4/16/2010:
25.44 2.76 (9.79 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Friday, April 16, 2010:
999.80 20.69 (2.03 %) | | | China INSOnline Corp. (CHIO) led the Index closing 4/16/2010:
0.64 0.07 (12.28 %)
| | | US China Mining Group Inc. (SGZH) was the Index biggest loser closing 4/16/2010:
6.75 0.90 (11.76 %)
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