L & L International (LLEN), the most outstanding performer today in terms of dollars, continued to show its upward momentum. Shares broke through a new 52-week high set just yesterday and hit a new record of 52-week high of $14.30. Shares today exploded 12.52% higher on strong volume of 1.32 million shares, representing 7.78% of the float. Since the company announced its impressive earnings, LLEN has increased $5.4 or 60.74% with a market capitalization surging $146.2 million. Asia Cork (AKRK) is the biggest winner of the day in percentage terms, gaining 17.50%. Asia Cork is a relatively thin volume stock with a 3-month average volume of 23,000 shares. The company has notified that it will delay filing an annual report on Form 10-K ended December 31, 2009. The surge today is mostly of a technical correction.
Yayi International gradually (YYIN) climbs back from a previous low of $2.13 due to weak 2010 first quarter fiscal year results. Shares closed at $2.58 with a gain of 7.50% on light volume. The stock’s resistance is located at $2.75 and $3.00. China TransInfo Technology (CTFO) started to recover from previous losses caused by unattractive outlook for current fiscal year. Shares have a gain of 5.56% on 324,000 shares, less than 4% of the float. China Armco Metals (CNAM) jumped back from previous losses, closing above $9.00 level with a gain of 5.74% on average volume. The company recently announced its 2009 financial results and 2010 guidance. Please see China Armco Reports 2009 Results and 2010 Guidance.
Sinovac Biotech (SVA), as the worst performer of the day, announced 2009 fourth quarter and full year financial results before the market opened. For the fourth quarter, sales increased 194% to $36.4 million and net income rose 275% to $8.9 million. Sales for the full year grew 81% to $84.2 million and net income increased 149% to $20.0 million. The company predicts total sales for the full year 2010 to be in the range of approximately $67.1 million to $72.5 million, indicating a growth rate of (13.89%) to (20.31%). According to the company, the negative growth for 2010 guidance partially due to a negative media report on improper storage of vaccines by a distributor in China’s Shanxi province. Though Sinovac Biotech was not involved with such events, the management believes that these issues may adversely impact the public’s perceptions of vaccine safety and thus may reduce vaccine administration by the Chinese government. Following the earnings release, Brean Murray downgraded Sinovac from Buy to Hold. Shares of the company have been showing downward trend recently and fell 5.22% in today’s session, reaching a 7-month low of $5.55. Total volume traded today were 2.48 million shares, 6.62% of the float.
China Shenghuo Pharmaceutical (KUN), engaged in manufacturing of pharmaceutical, nutritional supplement, and cosmetic products, is a thin volume stock with a 3-month average trading volume of 14,000 shares. The stock currently traded below its 50-day and 200-day moving averages and its 52- week range is $0.32-$1.25. KUN today slightly dropped 3.75% with light volume of 5,000 shares. China Shenghuo Pharmaceutical never issues press releases. Investors have to watch out when the filings come out. Last Wednesday, the company filed a Form 12b-25, a notification of late filing. KUN claimed that they are unable to file an annual report on Form 10-K in a timely manner due to a lack of sufficient financial resources to commence the preparation of financial statements for fiscal year 2009.
Tiens Biotech Group (TBV) continued to fall due to its weak 2009 financial results announced yesterday, ending with a loss of 3.69% on light volume. Following a big surge in anticipation of a good earnings release, SinoHub (SIHI) has been showing weakness since 2009 fourth quarter and full year financial results rolled out. SIHI has a 3-month average trading volume of 45,000 shares and a float of 13.63 million. The stock has a support level located at $2.75 per share. Shares of QKL Stores (QKLS) fell below its 50-day moving average with a loss of 2.63% following 2009 financial results. The stock has a support level at its rising 200-day moving average.
| TOP GAINERS |
|---|
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Asia Cork Inc (AKRK) |
0.47 |
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0.07 / + 17.50% |
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L & L International Holdings (LLEN) |
14.29 |
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1.55 / + 12.17% |
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Yayi International (YYIN) |
2.58 |
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0.18 / + 7.50% |
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China Armco Metals, Inc. (CNAM) |
9.03 |
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0.49 / + 5.74% |
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China TransInfo Technology Corp. (CTFO) |
6.83 |
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0.36 / + 5.56% |
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| TOP LOSERS |
|---|
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Sinovac Biotech Ltd. (SVA) |
5.63 |
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0.31 / - 5.22% |
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China Shenghuo Pharma (KUN) |
0.77 |
|
0.03 / - 3.75% |
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Tiens Biotech Group USA Inc. (TBV) |
2.35 |
|
0.09 / - 3.69% |
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SinoHub, Inc. (SIHI) |
2.92 |
|
0.08 / - 2.67% |
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QKL Stores Inc. (QKLS) |
5.93 |
|
0.16 / - 2.63% |
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 Telestone Technologies Corp. (TSTC) files 8-K - Current report. BEIJING, March 31 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation ("Telestone" or the "Company") (Nasdaq:TSTC - News), a leading developer and provider of wireless communication local access network solutions based in China, today announced the Company's financial results for its fourth quarter and fiscal year ending December 31, 2009.
Fourth Quarter Highlights:
-- Q4 2009 revenues increased 129.2% to $33.0 million vs. Q4 2008
-- Q4 2009 net income increased 56.6% to $5.2 million vs. Q4 2008
-- Q4 2009 EPS increased by 56.3% to $0.50
Fiscal Year 2009 Highlights:
-- Revenue increased by 103.5% to $71.9 million and exceeded guidance of $70.0 million
-- Gross profits increased by 67.5% to $30.5 million with gross margins of 42.4%
-- Net income increased by 77.9% to $12.5 million: EPS was $1.21 vs. $0.68
-- Days sales outstanding (DSO) reduced to 358 days as of December 31st, 2009 from 553 days as of December 31st, 2008.
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 China Housing Reports Preliminary Contract Sales Results for First Quarter of 2010. XI'AN, China, April 6 /PRNewswire-Asia-FirstCall/ -- China Housing & Land Development, Inc., ("China Housing" or the "Company," Nasdaq: CHLN) today reported preliminary contract sales results for its first quarter ended March 31, 2010.
During the first quarter ended March 31, 2010, contract sales totaled RMB 289.1 million (US$42.3 million) of residential and commercial unit sales as well as parking space sales for a total of 58,248 square meters. This compares to contract sales of RMB 288.9 million (US$42.5 million) and 61,787 square meters sold in the fourth quarter of 2009 and contract sales of RMB 107.2 million (US$15.6 million) and 22,358 square meters sold in the first quarter of 2009. First quarter 2010 contract sales are primarily derived from the Company's JunJing II Phase One, Phase Two and Puhua Phase One Projects. The Company's average residential selling price per square meter in the first quarter of 2010 was RMB 5,099, which is a 9% sequential increase over the residential selling price of RMB 4,635 in the fourth quarter of 2009 and 6% residential selling price increase compared to RMB 4,797 in the first quarter of 2009.
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 Sinovac Reports Unaudited Fourth Quarter and Preliminary Full Year 2009 Record Financial Results. BEIJING, April 6 /PRNewswire-Asia/ -- Sinovac Biotech Ltd. ( SVA), a leading China-based vaccine manufacturer, announced today its unaudited financial results for the three-month and preliminary twelve-month periods ended December 31, 2009.
Financial Highlights:
-- Sales for the fourth quarter increased 194% to $36.4 million
-- Sales for the twelve-month period grew 81% to $84.2 million
-- Operating income for the fourth quarter rose 449% to $17.1 million
-- Operating income for the twelve-month period increased 162% to $40.8
million
-- Net income attributable to shareholders for the fourth quarter rose
275% to $8.9 million, with diluted EPS of $0.21
-- Net income attributable to shareholders for the full year 2009 grew
149% to $20.0 million, with diluted EPS of $0.46
-- Cash and cash equivalents at December 31, 2009 were $75.0 million
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 TSMC Delivers Interoperable EDA Formats for Advanced Process Technologies. HSINCHU, Taiwan, R.O.C., April 6 /PRNewswire-FirstCall/ -- Taiwan Semiconductor Manufacturing Company, Ltd. (TWSE: 2330, NYSE: TSM) has made available several unified and interoperable electronic design automation (EDA) technology files for its 65 nanometer (nm), 40nm and 28nm process nodes. The design technology file suite includes interoperable process design kit (iPDK), interoperable design rule check (iDRC), layout-versus-schematic (iLVS), and interoperable interconnect extraction (iRCX).
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|  | The China 100 Stock Index closed Tuesday, April 06, 2010:
1,046.11  7.47 (0.72 %) | | | Asia Cork Inc (AKRK) led the Gainers closing 4/6/2010:
0.47 0.07 (17.50 %)
| | | Sinovac Biotech Ltd. (SVA) was the Index biggest loser closing 4/6/2010:
5.63  0.31 (5.22 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Tuesday, April 06, 2010:
1,060.97 0.14 (0.01 %) | | | Baidu, Inc. (BIDU) led the Index closing 4/6/2010:
61.94 1.81 (3.01 %)
| | | Ctrip.com International Ltd. (CTRP) was the Index biggest loser closing 4/6/2010:
39.71 0.60 (1.49 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Tuesday, April 06, 2010:
1,055.06 7.04 (0.67 %) | | | L & L International Holdings (LLEN) led the Index closing 4/6/2010:
14.29 1.55 (12.17 %)
| | | Sinovac Biotech Ltd. (SVA) was the Index biggest loser closing 4/6/2010:
5.63 0.31 (5.22 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Tuesday, April 06, 2010:
1,011.13 16.90 (1.70 %) | | | Asia Cork Inc (AKRK) led the Index closing 4/6/2010:
0.47 0.07 (17.50 %)
| | | China Shenghuo Pharma (KUN) was the Index biggest loser closing 4/6/2010:
0.77 0.03 (3.75 %)
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