The stock market hit a high on Wednesday as financial and technology giants, JP Morgan and Intel delivered positive quarterly earnings, suggesting a optimistic economic outlook. However, the excitement was devastated in the end of the week following a civil fraud charges against Goldman Sachs. The 100 Stock Index was down 2.38% for the week while Panda Large Cap, Tiger Mid/Small Cap, and Dragon Undervalued Indexes decreased by 1.52%, 3.29%, and 1.44% respectively.
 As the best performer of 100 China Stock Index, Asia Cork (AKRK) announced its 2009 financial results on Thursday and its shares skyrocketed 23.89% for the week. AKRK hit a high of $0.61 and closed at $0.57 in the end of the week. The company reported revenues for 2009 full year increased 14% to $24.4 million and net income rose 22% to $4.4 million year-over-year. Diluted earnings per share were $0.09 compared to $0.08 last year. The stock was traded in a 52-week range of $0.10 and $1.01. Asia Cork is a manufacturer of cork-based building materials.
Shares of China INSOnline (CHIO) broke through the 100-day moving average and closed at $0.64 in Friday’s session, up 17.84% for the week. CHIO is a small cap licensed insurance agency, offering automobile, property and life insurance services through its web portal. The huge surge was 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%. The stock was traded in a 52-week range of $0.40 and $2.17.
Shares of Biostar Pharmaceuticals (BSPM) have been closed above $4.00 for 6 consecutive days with the hope of potential NASDAQ uplisting. The stock set a record 52-week high of $4.92 on Thursday and slightly pulled back to close at $4.68 on Friday. BSPM increased 14.43% for the week on average volume of 556,000 shares, three times the regular trading volume. Synutra International (SYUT) recovered from previous losses, closing back above $23 level. SYUT is a thin volume stock with a 3-month average trading volume of 33,000 shares, representing only 0.2% of the float. Syuntra is an infant formula company and a manufacturer of nutritional products for infants, children and adults in China.
 China Kangtai Cactus Bio (CKGT) jumped 9.58% this week with the help of its impressive 2009 earnings release. The company reported revenues for 2009 increasing 31% and an adjusted net income surging 47.36% year-over-year. Net income was $480,000 compared to $5.7 million in 2008. According to the release, the decrease in net income was caused mainly by the non-cash expense from revaluation of Series A Preferred Stock and A, B, C, and D warrants with characteristics of liabilities at fair values. Net cash provided by operating activities was $7.7 million in the end of fiscal year 2009. CKGT has a 52-week range between $0.35 and $3.00.
Songzai International Holdings Group (SGZH), engaged in coal business, dived 34.21% following a From 10-K annual report. The report showed positive results for the 2009 full year but a dull output for the 2009 fourth quarter. The company is lack of investor awareness and its stock has average trading volume of only 20,000 shares, less than 1% of the float. In the middle of the March, Songzai received the resignation of CFO and appointed Ms. Li, financial controller of a subsidiary of the company, as the interim CFO. China Vesting announced the removal of Songzai International on Friday as the company does not meet the requirements of China Vesting’s China Dragon Undervalued Index.
Shares of China Agritech (CAGC) broke below the support at the 50-day moving average at the beginning of the week and continued to fall since then, ending $4.81, or 21.12% lower on strong volume. The huge sell-off was triggered by a commentary implying that though China Agritech has a great growth potential, the valuation was too high. The stock has a support level located at $16.50.
Shares of China Armco Metals (CNAM) experienced a loss of 11.51% this week and ended at $6.92, closely above the 50-day moving average. On Thursday, the company filed a Form 8-K disclosing that its CEO exercised an option to purchase 1 million shares of its common stock at an exercise price of $5.00 per share. Additionally, from March 2010 through April 14, 2010, investors exercised warrants to purchase 1.33 million shares of the common stock at an exercise price of $5.00. In total, the company received $11.69 million in proceeds from these exercises and issued a total of 2.41 million shares, including 76,000 shares issued in connection with the cashless exercise of warrants.
Melco Crown Entertainment Limited (MPEL) fall 11.38% for the week, closing at $4.75, below the 20-day moving average. The dip was mostly caused by a downgrade at Credit Suisse and a disappointing preliminary 2010 first quarter results issued by Melco’s rival, MGM Mirage. China Advanced Construction Materials Group (CADC) gave back the previous gains, closing at $5.03 with a loss of 10.50%.
| TOP GAINERS |
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Asia Cork Inc (AKRK) |
0.57 |
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0.11 / + 23.91% |
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China INSOnline Corp. (CHIO) |
0.64 |
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0.10 / + 18.52% |
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Biostar Pharmaceuticals, Inc. (BSPM) |
4.68 |
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0.59 / + 14.43% |
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China Kangtai Cactus Bio (CKGT) |
2.63 |
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0.23 / + 9.58% |
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Synutra International Inc. (SYUT) |
23.23 |
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1.14 / + 5.16% |
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| TOP LOSERS |
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US China Mining Group Inc. (SGZH) |
6.75 |
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3.51 / - 34.21% |
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China Agritech Inc. (CAGC) |
17.97 |
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4.81 / - 21.12% |
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China Armco Metals, Inc. (CNAM) |
6.92 |
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0.90 / - 11.51% |
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Melco Crown Entertainment Ltd. (MPEL) |
4.75 |
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0.61 / - 11.38% |
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China Advanced Construction Materials Group, Inc. (CADC) |
5.03 |
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0.59 / - 10.50% |
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 China Shenghuo Pharma (KUN) files 8-K - Current report. KUNMING, China, April 14, 2010 -- China Shenghuo Pharmaceutical Holdings, Inc. (NYSE Alternext US: KUN) (“China Shenghuo” or the “Company”), today reported financial results for the fourth quarter and record revenue for the year ended December 31, 2009.
Fourth Quarter Highlights
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Total revenue increased to $10.5 million for the fourth quarter of 2009, representing 43.8% year-over-year growth.
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Gross profit for the fourth quarter of 2009 increased to $8.3 million, compared to $6.7 million for the same period in 2008.
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 China Armco Metals, Inc. (CNAM) files 8-K - Current report. On April 14, 2010, Mr. Kexuan Yao, Chairman and Chief Executive Officer of China Armco Metals, Inc. (the “Company”), exercised an option to purchase 1,000,000 shares of its common stock at an exercise price of $5.00 per share resulting in proceeds to the Company of $5,000,000. Additionally, from March 2010 through April 14, 2010, investors exercised warrants to purchase 1,338,152 shares of the Company’s common stock at an exercise price of $5.00 per share resulting in proceeds to the Company of $6,690,760 and 76,679 shares were issued in connection with the cashless exercise of warrants.
In total, the Company received $11,690,760 in proceeds from these exercises and issued a total of 2,414,831 shares bringing the total number of common shares outstanding as of April 14, 2010 to 12,609,280 with 1,223,022 common stock purchase warrants with an exercise price of $5.00 per share remaining outstanding.
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 Asia Cork Inc (AKRK) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. For the year ended December 31, 2009 our revenues were $24,393,625 as compared to $21,378,041 for the year ended December 31, 2008, an increase of $3,015,584 or approximately 14.11%. The primary reason for the increase is the significant improvement in the market condition for home and commercial renovation in China and the success of our marketing efforts, increased sales of our major finished goods (wood materials, floors, and boards) increased as compared to the sales quantities in year 2008. For the year ended December 31, 2009, our revenues from wood materials, boards, and floor sales were $1,567,272, $349,730, and $1,542,368 respectively more than the revenue from sales of those items during the year ended December 31, 2008.
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 China Kangtai Cactus Bio (CKGT) files 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]. Sales for the year ended December 31, 2009 totaled $26,537,356, an increase of $6,236,773, or 30.72% compared to the sale of $20,300,583 for the year ended December 31, 2008. The increase in sales is attributable to the fact that the Company’s products are efficiently marketed and well accepted by consumers. The sale of our beverage products was $9,318,655, an increase of $3,923,314, or 72.72% as compared to the sale of $5,395,341in 2008. Increased beverage sales accounted for 63% of total increased sales. The sale of cactus feed products was $2,309,059, an increase of $1,449,055, or 168.49%, as compared to the sale of $860,004 in 2008. Increased cactus feed sales accounted for 23% of total increased sales.
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Asia Cork 2009 Revenue Up 14% to $24.4M; Net Income Up 22% to $3.3M; Diluted EPS $0.09. XI’AN, China--(BUSINESS WIRE)--Asia Cork Inc. (OTCBB: AKRK), a leading manufacturer of cork-based environmentally-friendly building materials for the Chinese and international building industry, announced today that revenues for 2009 increased 14% to approximately $24.4 million as compared to approximately $21.4 million in 2008. In 2009, net income rose 22% to approximately $3.3 million as compared to approximately $2.7 million in 2008. Diluted earnings per share were $0.09 as of December 31, 2009 as compared with net income of $0.08 diluted earnings per share as of December 31, 2008. |
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 China TransInfo Selected in the Construction of Pioneering National Highway Information Grid. BEIJING, April 15 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO), ("China TransInfo" or the "Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that its majority-owned subsidiary, UNISITS Technology Corp. LTD ("UNISITS"), has been selected to design and construct a highway management program in Chongqing. This program is the pioneering project of an ambitious national program - the National Highway Information Grid.
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 New Energy Systems Group Reports Record 2009 Results. NEW YORK and SHENZHEN, China, April 15 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (OTC Bulletin Board:NEWN.ob - News), a vertically integrated original design manufacturer and distributor of lithium ion batteries and backup power systems, today announced financial results for the full year ended December 31, 2009.
Full Year 2009 Highlights:
-- Revenue increased 33.8% to $26.4 million.
-- Gross margin improved 156 basis points to 30.5%.
-- GAAP net income, including certain non-cash items, increased 31.1% to
$5.8 million, or $0.82 per diluted share.
-- Adjusted net income of $6.4 million, or $0.89 per diluted share,
excluding $251,507 of non-cash stock compensation expense and $275,000
of amortization expense.
-- Ended year with $3.7 million of cash following a $3 million prepayment
in 2009 for the NewPower acquisition that closed after the year end.
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Wednesday, April 14, 2010
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New Energy Systems Group Announces Fourth Quarter and Full Year 2009 Earnings Conference Call. NEW YORK and SHENZHEN, China, April 14 /PRNewswire-Asia-FirstCall/ -- New Energy Systems Group (OTC Bulletin Board:NEWN.ob - News), today announced that it will host a conference call at 8:00 AM ET on Friday, April 16, 2010 to discuss fourth quarter and full year 2009 financial results. The call will be available on the Company's website at http://www.newenergysystemsgroup.com or by calling (877) 407-8033 for U.S. callers, or (201) 689-8033 for international callers. The conference call will be led by Mr. Fushun Li, Chief Executive Officer. |
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China Shenghuo Pharmaceutical Reports Financial Results for the Fourth Quarter and Full Year 2009. KUNMING, China, April 14 /PRNewswire-Asia-FirstCall/ -- China Shenghuo Pharmaceutical Holdings, Inc. (NYSE: KUN) ("China Shenghuo" or the "Company"), today reported financial results for the fourth quarter and record revenue for the year ended December 31, 2009.
Fourth Quarter Highlights:
-- Total revenue increased to $10.5 million for the fourth quarter of 2009,
representing 43.8% year-over-year growth.
-- Gross profit for the fourth quarter of 2009 increased to $8.3 million,
compared to $6.7 million for the same period in 2008.
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 Advanced Battery Technologies Announces New Orders of Electric Vehicles. NEW YORK, April 13, 2010 (GLOBE NEWSWIRE) -- Advanced Battery Technologies, Inc. (Nasdaq:ABAT - News), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, today announced that it obtained approximately $1.6 million in new orders of electric vehicles during its product promotion conference held in Wuxi City, Jiangsu Province, China.
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 CDC Software Agrees to Invest and Form Strategic Relationship in Marketbright, a Cloud-Based SaaS Marketing Automation Company. ATLANTA & SHANGHAI--(BUSINESS WIRE)--CDC Software Corporation (NASDAQ: CDCS - News), a global provider of enterprise software applications and services, today announced it has agreed to make a strategic investment in Marketbright, an on-demand software-as-as-service (SaaS) marketing automation company. In addition, CDC Software has agreed to develop a strategic relationship with Marketbright whereby both companies are expected to resell each other’s solutions and potentially expand the relationship into other strategic activities. The strategic investment in, and the formation of the strategic relationship with, Marketbright, are subject to legal review and the negotiation and execution of definitive documentation.
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|  | The China 100 Stock Index closed Friday, April 16, 2010:
1,027.36  24.90 (2.37 %) | | | Asia Cork Inc (AKRK) led the Gainers closing 4/16/2010:
0.57  0.11 (23.91 %)
| | | US China Mining Group Inc. (SGZH) was the Index biggest loser closing 4/16/2010:
6.75 3.51 (34.21 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Friday, April 16, 2010:
1,051.43 16.22 (1.52 %) | | | Mindray Medical International Limited (MR) led the Index closing 4/16/2010:
35.66 1.41 (4.12 %)
| | | E-House (China) Holdings Limited (EJ) was the Index biggest loser closing 4/16/2010:
18.43 1.44 (7.25 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Friday, April 16, 2010:
1,027.61 35.01 (3.29 %) | | | Synutra International Inc. (SYUT) led the Index closing 4/16/2010:
23.23 1.14 (5.16 %)
| | | China Agritech Inc. (CAGC) was the Index biggest loser closing 4/16/2010:
17.97 4.81 (21.12 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Friday, April 16, 2010:
999.80 14.02 (1.38 %) | | | Asia Cork Inc (AKRK) led the Index closing 4/16/2010:
0.57 0.11 (23.91 %)
| | | US China Mining Group Inc. (SGZH) was the Index biggest loser closing 4/16/2010:
6.75 3.51 (34.21 %)
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