The solar stocks have become very active recently after analyst reports giving positive outlook for global demand for solar energy and further upgrading several industry leading companies. Credit Suisse analysts said they expect global demand to improve this year, particularly in Japan, the United States and Europe, and raised 2010 forecast for global sell-in solar demand to 12.7 gigawatts from 10 gigawatts projecting a 27% increase in Solar Consumption. The analysts also wrote China solar companies appear best positioned to capitalize on these supply and demand trends.
All of the solar companies in the China 100 Index were able to capitalize on the increased consumption projections and saw their share prices rise. Trina Solar (TSL), a photovoltaic [PV] modules provider in China, has been given outperform ratings by Wedbush and Credit Suisse. Shares of the company surged +$1.36 or +6.14% last Friday and another +$1.63 or +6.94% today on total 11.5 million shares traded. JA Solar (JASO) is a manufacturer of high-performance solar cells, jumping +$0.25 or +5.25% last Friday and +$0.47 or +9.38% on heavy volume of total 25.0 million shares traded in two days. Shares of Solarfun Power (SOLF), a vertically integrated manufacturer of silicon ingots, wafers and PV Cells and modules, surged +$0.23 or 3.42% last Friday and +$0.62 or +8.91% today on total 5.7 million shares.
Among other extremes of the day, shares of Synutra International (SYUT) rocketed +$2.53 or +12.65% and set a record high of $23.43 on Roth Capital's upgrade from Hold to Buy, making it the best performer both percentage and dollarwise. Synutra International is an infant formula company and a producer, marketer and seller of nutritional products for infants, children and adults. Shares of L&L International (LLEN) continue to show strength due to its impressive earnings growth, edging up +$1.16 or +11.23% with a fresh 52-week high of $11.66. The trading volume at today's session close was nearly 5 times the regular share volume, with a total of 1.64 million shares traded. Since third quarter fiscal year 2010 financial results rolled out, market cap of LLEN has increased approximately $68.01 million. L&L International, operating coal businesses in China, reported that 2010 third quarter revenues increased by 280% year-over-year to $37.9 million and quarterly net income increased by 440% year-over-year to $9.5 million. Shares of Agria Corporation (GRO), bounced back from previous session losses, gaining +$0.22 or +9.73% on 13.11% lower than the 3-month average volume of 313,705 shares. Agria, an agri-solutions provider, broke above its 200-day moving average of $2.43 before the day's session closed.
Shares of Yayi International (YYIN), a producer of premium goat milk formula products, have been volatile since its weak earnings results were made public. Following a crash of -$0.65 or -21.67% last Thursday and a recovery of +$0.40 or +17.02% last Friday, the stock closed with another major loss of -$0.48 or -17.45% today. Yayi international was the biggest loser of the day percentwise. Shares of China Pharma Holdings (CPHI), a pharmaceutical products manufacturer, have been showing downward momentum for nearly two weeks. The stock tumbled -$0.21 or -6.33% on above average trading volume, suggesting its selling pressure might be over and ready to rebound. Shares of China Kangtai Cactus (CKGT) decreased -$0.09 or -4.29% accompanied by light volume. The slight drop is more of a technical correction. Shares of China Biologic Products (CBPO) slightly gave back previous gains due to positive earnings results announced last Wednesday, closing with a loss of -$0.47 or -4.09%. China Biologic is a plasma-based biopharmaceutical company.
Orient Paper (ONP) today released fourth quarter and full year 2009 results before the market closed and its shares slipped slightly by -$0.37 or -3.85% on above average trading volume. For the fourth quarter 2009, the company had revenues increasing 97.6% year-over-year to $31.4 million and net income increasing 42.4% year-over-year to $3.1 million or $0.21 per diluted share. For the full year 2009, revenue increased 56.7% to $102.1 million and net income increased 45.0% to $12.7 million or $1.04 per diluted share. Regarding its 2010 outlook, the company reaffirms its ability to achieve the make good target of $18.0 million in adjusted net income or $1.21 per fully diluted share for fiscal year 2010.
| TOP GAINERS |
|---|
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Synutra International Inc. (SYUT) |
22.53 |
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2.53 / + 12.65% |
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L & L International Holdings (LLEN) |
11.49 |
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1.16 / + 11.23% |
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Agria Corporation (GRO) |
2.48 |
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0.22 / + 9.73% |
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JA Solar Holdings Co., Ltd. (JASO) |
5.48 |
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0.47 / + 9.38% |
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Solarfun Power Holdings Co. Ltd. (SOLF) |
7.58 |
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0.62 / + 8.91% |
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| TOP LOSERS |
|---|
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Yayi International (YYIN) |
2.27 |
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0.48 / - 17.45% |
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China Pharma Holdings, Inc. (CPHI) |
3.11 |
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0.21 / - 6.33% |
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China Kangtai Cactus Bio (CKGT) |
2.01 |
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0.09 / - 4.29% |
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Orient Paper Inc. (ONP) |
9.25 |
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0.37 / - 3.85% |
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China Advanced Construction Materials Group, Inc. (CADC) |
4.91 |
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0.19 / - 3.73% |
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 Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. TSMC submitted an application to the Ministry of Economic Affairs Investment Commission regarding investment in China on March 25. Following approval by regulatory authorities, TSMC can obtain 1,789,493,218 Hong-Kong listed ordinary shares in SMIC as per the settlement agreement signed with Semiconductor Manufacturing International Corp (SMIC).
In addition, TSMC holds warrants to purchase 695,914,030 shares of SMIC at HK$1.30 per share, which can be exercised any time within three years of the settlement. TSMC will make a separate application once the company chooses to exercise the warrants.
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 Orient Paper Inc. (ONP) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Comparison of the Years Ended December 31, 2009 and 2008:
Revenue-
Revenue for the year ended December 31, 2009 was $102,142,828, an increase of $36,938,836 or 56.65% from $65,203,992 for the comparable period in 2008. The increase was attributable to (1) the increase in our customers’ demand for various paper products in year 2009; (2) for year 2008, the interruption of production and delivery schedule before the 2008 Beijing Olympic Games with respect to our sales to customers in and around Beijing; (3) ramped up production capacity from the new white paper production line, which we converted to produce offset printing paper during year 2009, and (4) improved efficiency.
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 China Valves Technology, Inc. (CVVT) files 8-K - Current report. KAIFENG, CHINA, March 19, 2010 – China Valves Technology, Inc. (NASDAQ: CVVT) ("China Valves” or the “Company"), a leading Chinese metal valve manufacturer, today announced its fourth quarter and full year financial results ended December 31, 2009.
Fourth Quarter 2009 Highlights:
*
Fourth quarter net revenue reached $25.4 million, up 24.6% year-over-year
*
Gross profit increased 55.6% year-over-year to $12.4 million
*
Gross profit margin was 48.9% compared to 39.2% for the fourth quarter 2008
*
Net income was $16.4 million or $0.52 per fully diluted share, compared with a loss of $12.3 million for the fourth quarter of 2008
*
Adjusting for non-cash compensation expenses related to the release of make good shares in 2008, the reversal of such expenses in 2009, and non-cash items related to the change in fair value of derivative instruments, non-GAAP net income was $6.3 million, or $0.20 per diluted share, compared with non-GAAP net income of $2.6 million, or $0.09 per diluted share, for 2008
*
Began trading on the NASDAQ Global Market
*
Raised $24.7 million in capital through a registered direct offering of its common stock
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 CNOOC Ltd. (CEO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. (Hong Kong, March 29, 2010) - CNOOC Limited (“the Company" or “CNOOC Ltd,” NYSE: CEO, SEHK: 883) is pleased to announce today that two of its independent oil fields, WeiZhou11-1 east (WZ11-1E) in the Western South China Sea and BoZhong (BZ) 3-2 in the Bohai Bay, have commenced production successfully recently.
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 SORL Auto Parts, Inc. (SORL) files PRE 14A - Other preliminary proxy statements. To our Stockholders:
The 2010 annual meeting of stockholders of SORL Auto Parts, Inc. will be held on May 27, 2010, beginning at 8:00 p.m. local time (China Standard Time) at Ruihong Room, Ruili Business Hotel, No.188, Wansongdong Road, Ruian City, Zhejiang Province, Zip 325200, China. Only holders of record of shares of our common stock at the close of business on April 1, 2010 (the “Record Date”) are entitled to vote at the meeting and any postponements or adjournments of the meeting. Below are proposals to be voted on at the annual meeting:
(1)
To elect seven directors to hold office until the 2011 annual meeting of stockholders and until their successors are elected and qualified;
(2)
To approve an amendment to our Certificate of Incorporation to delete an anti-takeover provision;
(3)
To ratify the appointment of our independent registered public accounting firm for fiscal year 2010; and
(4)
To transact any other matters that properly come before the meeting or any adjournments or postponements thereof.
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Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. According to today’s media report, TSMC is rumored to be planning an acquisition of Taiwan Mask. Since Taiwan Mask has already denied this matter officially, there is no need for TSMC to further comment. |
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 China Advanced Construction Materials Group, Inc. (CADC) files 8-K - Current report. On March 26, 2009, China Advanced Construction Materials Group, Inc. (the “Company”) made a slide presentation to a group of potential shareholders at a meeting in Boston, Massachusetts. A copy of the Company’s presentation is furnished herewith as Exhibit 99.1.
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 Yayi International (YYIN) files 8-K - Current report. TIANJIN, China – March 29, 2010 – Yayi International Inc., (OTC Bulletin Board: YYIN) ("Yayi International" or "the Company"), the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children, and adults in the People’s Republic of China ("China"), today announced a change in its fiscal year end from October 31 to March 31, effectively immediately. The first full fiscal period after the change will be for the twelve months ended March 31, 2011.
Yayi International expects to file a transaction report on Form 10-K to report the audited transitional financial results for the five-month period from November 1, 2009 to March 31, 2010 on or before the filing deadline on June 29, 2010. The change in fiscal year end has been made because of seasonality as the fourth quarter of the calendar year is the peak season for sales. The Company wants to focus its time and resources on business operations during that time and would work through annual budget and audit preparations during the first quarter of the following calendar year.
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SORL Auto Parts, Inc. (SORL) files 8-K - Current report. ZHEJIANG, China, March 29, 2010 — SORL Auto Parts, Inc. (Nasdaq: SORL) (“SORL” or “the Company”), a leading manufacturer and distributor of commercial vehicle air brake systems as well as related auto parts in China, today announced financial results for the fourth quarter and fiscal year ended December 31, 2009.
2009 Fourth Quarter Financial Highlights:
·
OEM sales were up 115% year-over-year from $10.4 million to $22.4 million, and 29% quarter-over-quarter from $17.4 million to $22.4 million;
·
Revenues rose 63% from $25.1 million to $41.0 million,
·
Gross margin was 31%, up from 21% in the fourth quarter of 2008;
·
Net income rose 184% year-over-year from $1.8 million to $5.0 million and 31% quarter-over-quarter from $3.8 million to $5.0 million.
·
EPS was $0.28 versus $0.10 in the same quarter in 2008;
·
Cash and equivalents were $10.3 million; current ratio of 5.1 to 1.
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China Valves Technology, Inc. (CVVT) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Year Ended December 31, 2009 Compared with Year Ended December 31, 2008:
Sales Revenue. Sales revenue increased $28.8 million, or 43.2%, to $95.4 million in 2009 from $66.6 million in 2008. The majority of this increase resulted from increases in average selling price as higher value added and higher-end products sold. Adjusting for the effect of changes in exchange rates, our sales revenue increased by 40.9% . The increased sales was also attributable to (1) increased demand for our products fueled by rapid industrialization and manufacturing development in China, (2) our successful marketing efforts, (3) retaining our existing customers and adding additional large customers, (4) our expansion into the nuclear power station valve market segment and (5) increased for our innovations on high temperature high pressure power station gate valves and two-way metal sealing butterfly valves because the Company has established its brand in China. |
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 Universal Travel Group (UTA) files 8-K - Current report. On March 29, 2010, our subsidiary, Shenzhen Universal Travel Agency Co. Ltd, executed an acquisition agreement (the “Tianyuan Agreement”) to acquire all the equity interest of Hebei Tianyuan International Travel Agency Co., Ltd (“Tianyuan”) with shareholders of Tianyuan and another acquisition agreement (the “Yulongkang Agreement”) to acquire all the equity interest in Zhengzhou Yulongkang Travel Agency Co., Ltd with shareholders of Yulongkang.
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SORL Auto Parts, Inc. (SORL) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Sales consisted of air brake systems and related components manufactured by SORL and sold to Chinese domestic OEM and Chinese aftermarket customers and international customers; as well as distribution of non-valve auto parts sourced from related parties.
Total net sales were $124,979,741 and $130,893,422 for the fiscal years ended December 31, 2009 and 2008, respectively, representing a decrease of $5.9 million or 4.5% year over year. A breakdown of net sales revenue for our three principal markets, Chinese domestic OEM market, Chinese domestic aftermarket and international markets, in 2009 and 2008 is as follows: |
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 Baidu Filed its Annual Report on Form 20-F. BEIJING, March 29 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2009 with the Securities and Exchange Commission on March 26, 2010. The annual report can be accessed on Baidu's investor relations website at http://ir.baidu.com . Baidu will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
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 Biostar Pharmaceuticals, Inc. to Host Fiscal 2009 Fourth Quarter and Year End Earnings Conference Call on Friday, April 2, 2010 at 9:00 a.m. ET. XIANYANG, China, March 29 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (OTC Bulletin Board:BSPM.ob - News) ("Biostar" or "the Company"), the Xianyang-based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin Aoxing Oleanolic Acid Capsule ("Xin Aoxing"), and a variety of pharmaceutical products and medical nutrients, today announced that its 2009 fourth quarter and year end financial results will be released after the market close on Wednesday, March 31, 2010. A conference call to discuss the results is scheduled at 9:00 a.m. ET, Friday, April 2, 2010.
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CNOOC Ltd. Announces the Startup of Two Fields. HONG KONG, March 29 /PRNewswire-Asia/ -- CNOOC Limited ("the Company" or "CNOOC Ltd," NYSE: CEO, SEHK: 883) is pleased to announce today that two of its independent oil fields, WeiZhou11-1 east (WZ11-1E) in the Western South China Sea and BoZhong (BZ) 3-2 in the Bohai Bay, have commenced production successfully recently. |
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China Valves Technology, Inc. Announces Fourth Quarter and Full Year 2009 Results. KAIFENG, China, March 29 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (Nasdaq:CVVT - News) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced its fourth quarter and full year financial results ended December 31, 2009.
Fourth Quarter 2009 Highlights:
-- Fourth quarter net revenue reached $25.4 million, up 24.6%
year-over-year
-- Gross profit increased 55.6% year-over-year to $12.4 million
-- Gross profit margin was 48.9% compared to 39.2% for the fourth quarter
2008
-- Net income was $16.4 million or $0.52 per fully diluted share, compared
with a loss of $12.3 million for the fourth quarter of 2008 |
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 New Oriental to Report Third Fiscal Quarter Financial Results on April 20, 2010. BEIJING, March 29 /PRNewswire-Asia/ -- New Oriental Education and Technology Group Inc. (NYSE: EDU), the largest provider of private educational services in China, today announced that it will report its financial results for the third fiscal quarter ended February 28, 2010 before the U.S. market opens on April 20, 2010. New Oriental's management will host an earnings conference call at 8 AM on April 20, 2010 U.S. Eastern Time (8 PM on April 20, 2010 Beijing/Hong Kong time).
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 Origin Agritech Limited Expects to Report Q2-10 Results on May 11, 2010. BEIJING--(BUSINESS WIRE)--Origin Agritech Limited (NASDAQ: SEED) (“Origin” or the “Company”), a vertically–integrated supplier of hybrid crop seeds in China, will announce unaudited financial results for the second quarter ended March 31, 2010. These results reflect the Company’s financial statements during the period from January 1, 2010 to March 31, 2010. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States.
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SORL Auto Parts Reports Fourth Quarter and Fiscal 2009 Financial Results. ZHEJIANG, China, March 29 /PRNewswire-Asia-FirstCall/ -- SORL Auto Parts, Inc. (Nasdaq:SORL - News) ("SORL" or "the Company"), a leading manufacturer and distributor of commercial vehicle air brake systems as well as related auto parts in China, today announced financial results for the fourth quarter and fiscal year ended December 31, 2009.
2009 Fourth Quarter Financial Highlights:
-- OEM sales were up 115% year-over-year from $10.4 million to $22.4
million, and 29% quarter-over-quarter from $17.4 million to $22.4
million;
-- Revenues rose 63% from $25.1 million to $41.0 million,
-- Gross margin was 31%, up from 21% in the fourth quarter of 2008;
-- Net income rose 184% year-over-year from $1.8 million to $5.0 million
and 31% quarter-over-quarter from $3.8 million to $5.0 million.
-- EPS was $0.28 versus $0.10 in the same quarter in 2008;
-- Cash and equivalents were $10.3 million; current ratio of 5.1 to 1. |
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 Sinovac to Host Conference Call to Report 2009 Fourth Quarter Financial Results. BEIJING, March 29 /PRNewswire-Asia/ -- Sinovac Biotech Ltd. (Nasdaq:SVA - News), a leading provider of vaccines in China, today announced that it will host a conference call on Tuesday, April 6, 2010 at 9:00 a.m. ET to review the Company's financial results for the fourth quarter and year ended December 31, 2009 and provide an update on recent corporate developments.
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Sinovac Enters Exclusive Supply and Distribution Agreements with Parenteral Biotech Ltd. for India. BEIJING, March 29 /PRNewswire-Asia/ -- Sinovac Biotech Ltd. (Nasdaq:SVA - News), a leading China-based vaccine manufacturer, announced today it has entered into exclusive license, supply and distribution agreements with Parenteral Biotech Ltd., a subsidiary of Parenteral Drugs (India), Ltd., an India-based pharmaceutical company. Pursuant to the agreements, Parenteral is authorized to register, supply and distribute Sinovac's Anflu (seasonal influenza vaccine) and PANFLU.1 (H1N1 vaccine) to the government of India and private market in India. Currently, the registration process is ongoing in India. |
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 Tianyin Appoints Dr. James Jiayuan Tong as Chief Financial Officer and Chief Business & Development Officer. CHENGDU, China, March 29 /PRNewswire-Asia-FirstCall/ -- Tianyin Pharmaceutical Co., Inc., (NYSE Alternext: TPI), a manufacturer and supplier of modernized traditional Chinese medicine ("TCM") based in Chengdu, China, today announced that it has appointed James Jiayuan Tong, M.D. Ph.D., as its Chief Financial Officer and Chief Business & Development Officer, effective April 1st, 2010. In addition, Dr. Tong will join the Company's Board of Directors on April 1.
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 Yongye International Raises 2010 Guidance and Reaffirms Year-End Branded Store Count of 20,000. BEIJING, March 29 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye or "the Company") a leading manufacturer, developer and distributor of Shengmingsu brand plant and animal nutrient products in the People's Republic of China (PRC), today announced that the Company expects 2010 annual revenues of between $160 million and $165 million, representing an increase of between 63% and 68% over last year's revenue of $98.1 million. This new revenue guidance is up from the previously issued guidance estimate of $147 million or a 50% increase over 2009 revenue. The Company also announced that it expects adjusted net income, which excludes the impact of certain non-cash expenses such as the change in fair value of warrants, of between $42 million and $45 million, representing an increase of between 60% and 72% over 2009 adjusted net income of $26.2 million.
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 Telestone Technologies Corporation to Host 2009 Earnings Conference Call at 9:00 a.m. ET on Thursday, April 1, 2010. BEIJING, March 29 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation (Nasdaq: TSTC; "Telestone" or the "Company"), a leading developer of local access network solutions, products, and provider of engineering services, today announced that its 2009 earnings conference call is scheduled for 9:00 a.m. ET on April 1, 2010. The Company expects to release its 2009 annual report and press release on March 31, 2010.
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Yayi International Inc. Announces Change in Its Fiscal Year. TIANJIN, China, March 29 /PRNewswire-Asia-FirstCall/ -- Yayi International Inc., (OTC Bulletin Board: YYIN) ("Yayi International" or "the Company"), the first mover and a leading producer and distributor of premium goat milk formula products for infants, toddlers, young children, and adults in the People's Republic of China ("China"), today announced a change in its fiscal year end from October 31 to March 31, effectively immediately. The first full fiscal period after the change will be for the twelve months ended March 31, 2011. |
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|  | The China 100 Stock Index closed Monday, March 29, 2010:
1,037.03  12.05 (1.18 %) | | | Synutra International Inc. (SYUT) led the Gainers closing 3/29/2010:
22.53 2.53 (12.65 %)
| | | Yayi International (YYIN) was the Index biggest loser closing 3/29/2010:
2.27  0.48 (17.45 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Monday, March 29, 2010:
1,040.29 13.62 (1.33 %) | | | Trina Solar Ltd. (TSL) led the Index closing 3/29/2010:
25.13 1.63 (6.94 %)
| | | Longtop Financial Technologies Limited (LFT) was the Index biggest loser closing 3/29/2010:
30.22 1.00 (3.20 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Monday, March 29, 2010:
1,056.47 20.43 (1.97 %) | | | Synutra International Inc. (SYUT) led the Index closing 3/29/2010:
22.53 2.53 (12.65 %)
| | | Orient Paper Inc. (ONP) was the Index biggest loser closing 3/29/2010:
9.25 0.37 (3.85 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Monday, March 29, 2010:
993.71 6.80 (0.68 %) | | | Solarfun Power Holdings Co. Ltd. (SOLF) led the Index closing 3/29/2010:
7.58 0.62 (8.91 %)
| | | Yayi International (YYIN) was the Index biggest loser closing 3/29/2010:
2.27 0.48 (17.45 %)
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