 2010 Beijing International Automotive Exhibition, one of the major auto shows in the world, raised its curtains today and will last till May 2, 2010. During the period, approximately 990 models will be displayed in an area of about 200,000 square meters and 89 of them will make their global debut. Nearly 2,100 companies from 16 countries and region join the event. The Auto Parts section is held simultaneously at China International Exhibition Centre from April 23-27, 2010. Last year,China surpassed United States to become the world’s No.1 automobile market with a 59% year-on-year sales increase. China’s domestic auto sales also surged 44% year-over-year to 13.5 million units in 2009. The huge increase in vehicle sales was mainly contributed by the Chinese Government’s stimulus policies, including tax cuts on small-displacement automobiles, subsidies for trade ins and subsidies for farmers to purchase vehicles. With the government’s further support, China auto market is expected to continue the strong growth in the future.
All the Chinese auto parts stocks in the China 100 Stock Index moved upside today. SORL Auto Parts (SORL) recovered all the losses and further moved north to $10.87 or 9.69% higher on double the regular trading volume. The stock is traded above its 50 and 200 day moving averages, but may not see much resistant on the upside until $12.78. With the support at the rising 50-day moving average, shares of China Automotive Systems (CAAS) recovered the momentum, gained 7.51% to $23.75 on nearly 50% more than the average trading volume. Tongxin International (TXIC) jumped back from previous lag, closing back at $8.00 level with a 3.49% gain.
51job (JOBS) recovered from the losses in previous sessions, advancing 11.05% to $19.10 on 200,000 shares, 2.70% of the float. JOBS has a resistance located at $19.5. Orient Paper (ONP) posted a 10.20% gain to close at $10.80 thanks to several researchers’ coverage. Trading volume was strong this session, 969,000 shares traded or 8.53% of the float. ONP has a resistance located at $11.00. Shares of China INSOnline (CHIO) slightly climbed back and settled at $0.62 with a 6.90% gain on average trading volume.
 L & L International (LLEN), a coal mining company, has declined for several days since the stock reached a high two weeks ago. Shares of the company were down 5.55% to $10.72. Amid the session, LLEN hit a low below a supply level at $10.27. Before today’s opening bell, the company announced that it sold its 93% equity in HSC subsidiary for approximately US $6 million. L & L original purchased its shares for $3.86 million. CEO of the company commented, “This transaction allows a strategic realignment, preparing L&L for other acquisitions”.
Shares of Asia Cork (AKRK) continued to pull back from previous gains, after two days of flat. The stock dropped 3.77% to $0.51 but with light volume. China Armco Metals (CNAM) fell 2.97% after a small rally in yesterday’s session. The stock is currently traded at below its 50-day moving average. Agria Corporation (GRO) continued the downward trend and closed at $2.09 with a loss of 2.79% on average volume.
China Shandong Industries (CSNH) pulled back 2.81% for the day to close at $2.77 with thin volume. CSNH this Wednesday announced that it has filed a registration statement on Form S-1 with the SEC for a proposed public offering of its common stock. The company intends to use the net proceeds from the proposed offering to fund a substantial portion of a proposed new furniture production line, which will manufacture a higher-end line of furniture.
| TOP GAINERS |
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51job Inc. (JOBS) |
19.10 |
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1.90 / + 11.05% |
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Orient Paper Inc. (ONP) |
10.80 |
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1.00 / + 10.20% |
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SORL Auto Parts, Inc. (SORL) |
10.87 |
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0.96 / + 9.69% |
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China Organic Agricultr (CNOA) |
0.71 |
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0.06 / + 9.23% |
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China Automotive Systems Inc. (CAAS) |
23.75 |
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1.66 / + 7.51% |
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| TOP LOSERS |
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L & L International Holdings (LLEN) |
10.72 |
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0.63 / - 5.55% |
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Biostar Pharmaceuticals, Inc. (BSPM) |
5.10 |
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0.29 / - 5.38% |
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Asia Cork Inc (AKRK) |
0.51 |
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0.02 / - 3.77% |
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China Armco Metals, Inc. (CNAM) |
6.21 |
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0.19 / - 2.97% |
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China Shandong Industries, Inc. (CSNH) |
5.54 |
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0.16 / - 2.81% |
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 E-House (China) Holdings Limited (EJ) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Revenues. Our total revenues increased by 94% from $154.5 million in 2008 to $299.5 million in 2009 primarily due to the reasons discussed below.
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Primary Real Estate Agency Services. Revenues from our primary real estate agency services increased by 107% from $88.6 million in 2008 to $183.2 million in 2009. This increase was primarily due to increases in total GFA and transaction value of new properties sold by 170% and 184%, respectively, for the full year of 2009 compared to 2008, partially offset by a lower average commission rate of 1.4% for 2009 compared to 2.0% for 2008. The lower average commission rate in 2009 resulted from there being a smaller portion of our total GFA for which a bonus commission is included in the commission structure.
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 Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. This is to report 1) the changes in the shareholdings of our board directors, executive officers and shareholders who own more than 10% of total outstanding common shares of Taiwan Semiconductor Manufacturing Company Ltd. (The Company; “TSMC”) (NYSE:TSM) ; 2) the pledge and clear of pledge of TSMC common shares by our board directors, executive officers and shareholders who own more than 10% of total outstanding common shares of TSMC ; 3) the acquisition of assets by TSMC and 4) the disposition of assets by TSMC for the month of Mar., 2010.
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 CNOOC Ltd. (CEO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. (Hong Kong, April 23, 2010) - CNOOC Limited (the “Company" or “CNOOC Ltd.”, NYSE: CEO, SEHK: 00883) announced today it has filed with the United States Securities and Exchange Commission (“SEC”) its 2009 annual report on Form 20-F (“annual report”) that included audited financial statements for the year ended December 31, 2009.
The annual report is available on the Company’s website at http://www.cnoocltd.com and also available on the SEC's website at http://www.sec.gov.
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CNOOC Ltd. (CEO) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Our oil and gas sales decreased 16.8% to Rmb 83,914.4 million (US$12,293.5 million) in 2009 from Rmb 100,831.3 million in 2008, primarily as a result of significantly lower average realized oil prices in 2009. The average realized price for our crude oil decreased by US$28.78 per barrel, or 32.2%, to US$60.61 per barrel in 2009 from US$89.39 per barrel in 2008. We sold 186.9 million barrels of crude oil in 2009, representing a 22.4% increase from 152.7 million barrels in 2008. The average realized price for our natural gas increased US$0.18 per thousand cubic feet, or 4.7%, to US$4.01 per thousand cubic feet in 2009 from US$3.83 per thousand cubic feet in 2008. Sales volume of our natural gas increased 4.8% to 41.7 million BOE in 2009 from 39.8 million BOE in 2008.
Our net marketing profit, which is marketing revenue less purchase costs, increased 1.7% to Rmb 296.7 million (US$43.5 million) in 2009 from Rmb 291.7 million in 2008. Our realized marketing profit margin, which is our net marketing profit as a percentage of marketing revenues, was 1.4% in 2009, generally the same as that of 1.3% in 2008. |
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CNOOC Ltd. Filed 2009 Annual Report on Form 20-F. HONG KONG, April 23 /PRNewswire-Asia/ -- CNOOC Limited (the "Company" or "CNOOC Ltd.", NYSE: CEO, SEHK: 00883) announced today it has filed with the United States Securities and Exchange Commission ("SEC") its 2009 annual report on Form 20-F ("annual report") that included audited financial statements for the year ended December 31, 2009. The annual report is available on the Company's website at http://www.cnoocltd.com and also available on the SEC s website at http://www.sec.gov . |
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 China Valves Technology, Inc. Receives $2 million Order from China's Largest Nuclear Power Company. KAIFENG and ZHENGZHOU, China, April 23 /PRNewswire-Asia-FirstCall/ -- China Valves Technology, Inc. (Nasdaq: CVVT) ("China Valves" or the "Company"), a leading Chinese metal valve manufacturer, today announced that the Company recently received a purchase order of $2 million worth of gate valves, check valves and globe valves from China's largest nuclear power company, China Nuclear Power Engineering Corporation, Ltd. ("CNPEC").
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 JA Solar Announces the Appointment of Dr. Peng Fang to Its Board of Directors. SHANGHAI, April 23 /PRNewswire-FirstCall/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO), a manufacturer of high-performance solar products, announced today that Dr. Peng Fang, CEO of JA Solar, has been appointed to the company's Board of Directors, effective immediately.
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 L&L Sells HSC Subsidiary for Strategic Alignment. SEATTLE, April 23 /PRNewswire-FirstCall/ -- L&L Energy, Inc. (Nasdaq: LLEN) ("L&L"), a U.S. coal operator serving China's coal market, announced today that it executed on April 18, 2010 an Equity Sale and Purchase Agreement with Guangxi Liuzhou Lifu Machinery Co, Ltd, selling its 93% equity ownership in Hon Shen Coal Co. Ltd ("HSC") for a total of 41,000,000 RMB or approximately US $6 Million. L&L's original purchase price was approximately US $3.86 Million in aggregate for its 93% equity.
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|  | The China 100 Stock Index closed Friday, April 23, 2010:
1,029.98  9.07 (0.89 %) | | | 51job Inc. (JOBS) led the Gainers closing 4/23/2010:
19.10 1.90 (11.05 %)
| | | L & L International Holdings (LLEN) was the Index biggest loser closing 4/23/2010:
10.72  0.63 (5.55 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Friday, April 23, 2010:
1,067.54 9.87 (0.93 %) | | | Mindray Medical International Limited (MR) led the Index closing 4/23/2010:
38.82 2.16 (5.89 %)
| | | China Telecom Corp. Ltd. (CHA) was the Index biggest loser closing 4/23/2010:
48.80 0.62 (1.25 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Friday, April 23, 2010:
1,045.21 11.14 (1.08 %) | | | 51job Inc. (JOBS) led the Index closing 4/23/2010:
19.10 1.90 (11.05 %)
| | | L & L International Holdings (LLEN) was the Index biggest loser closing 4/23/2010:
10.72 0.63 (5.55 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Friday, April 23, 2010:
960.19 4.24 (0.44 %) | | | China Organic Agricultr (CNOA) led the Index closing 4/23/2010:
0.71 0.06 (9.23 %)
| | | Biostar Pharmaceuticals, Inc. (BSPM) was the Index biggest loser closing 4/23/2010:
5.10 0.29 (5.38 %)
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