 PetroChina Company (PTR), Asia's biggest company by market value, is all set to expand overseas operations and revamp the production in the first quarter riding on a strong domestic demand. As the world's fastest growing economy continues to fire on all cylinders the Chinese energy companies are all set to out pace their global counterparts. The company's crude output rose 2.1 % from last year as oil prices more than doubled from last year low to touch the levels of $82 per barrel. The company's growth plans are very ambitious as it plans to spend around $60 Billion dollars in the next decade on overseas acquisitions. PetroChina juggernaut combined with Shell last month to acquire Arrow energy Ltd for a $3.5 billion marking the entry of the company into Australia's coal-seam gas industry.
The stock market witnessed a lot of activity over the day with the China 100 stock Index finally registering a loss of 2.72% to close 28.09 points down. However, a few stock managed to outperform the index and provided handsome returns to investors. Leading the pack of top gainers was Asia Cork Inc (AKRK), a Chinese company which is a leader in supplying cork based building material. The stock managed to register an impressive growth rate of 11.76% to close at $0.57. The stock has a resistance at $0.7 and enjoys a support level at $0.4.
China Architectural Engineering (CAEI) also posted an impressive return over the course of the day. The stock opened at $1.14 posting a 4.42% return to close at $1.18. The company is a major player in designing and constructing projects for both public works and commercial real estate projects. The stock has been bale to bounce back form its previous levels and is all set to breach the resistance level at $1.2. With the volume being traded more than doubling the stock is all set to see a lot of action in the coming days.
China Shenghuo Pharma (KUN) also made rapid strides in the day to post an impressive growth of 3.75%. The stock opened at $0.8 to finally close at $0.83. The charts saw a lot of movement with a major resistance at $0.95. The company is a major player in pharmaceuticals and a major player in exports. With an expected price range of $0.6-$1.25 the stock is a good bet as far as investing in the fundamental pharmacy sector is concerned. Telestone Technologies Corp (TSTC) registered a 2.93% growth to closed at $14.74 after opening at $14.24. The stock has a resistance at around $24.5 which is expected to be breached within a one year time frame. NF Energy Saving Corp (NFEC) also gained 2.13% to close at $3.83. In the near term the company has a resistance level at around $5.
Along side the winners there were certain losers in the day as well with China America Holdings (CAAH) suffering the greatest losses. The stock nosedived to close at $0.03 after opening at $0.04 registering a humongous loss of 25%. China BAK Battery (CBAK) also featured among the losers with the stock losing 13.85% over the course of trading. The stock opened at 2.19 to finally close at 1.99. The stock has the highest debt to EBITDA ratio in the electrical component and equipment industry. The ratio is a measure of debt payback period and is directly proportional to the risk.
China Shandong Industries (CSNH) also ended the day in red losing around 9.39 % to close at $2.51. China Automotive Systems (CAAS) dropped by 8.57% to end the trading day at $21.99. The stock has a support level at $20 in the near term. China Agritech (CAGC) registered a 7.85% decline to close at $18.43.
| TOP GAINERS |
|---|
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Asia Cork Inc (AKRK) |
0.57 |
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0.06 / + 11.76% |
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Biostar Pharmaceuticals, Inc. (BSPM) |
4.43 |
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0.32 / + 7.79% |
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China Architectural Engineering, Inc. (CAEI) |
1.18 |
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0.05 / + 4.42% |
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China Shenghuo Pharma (KUN) |
0.83 |
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0.03 / + 3.75% |
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Telestone Technologies Corp. (TSTC) |
14.74 |
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0.42 / + 2.93% |
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| TOP LOSERS |
|---|
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China America Holdings, Inc. (CAAH) |
0.03 |
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0.01 / - 15.00% |
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China BAK Battery, Inc. (CBAK) |
1.99 |
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0.32 / - 13.85% |
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China Shandong Industries, Inc. (CSNH) |
5.02 |
|
0.52 / - 9.39% |
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China Automotive Systems Inc. (CAAS) |
21.99 |
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2.06 / - 8.57% |
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China Agritech Inc. (CAGC) |
18.43 |
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1.57 / - 7.85% |
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 Taiwan Semiconductor Manufacturing Co. Ltd. (TSM) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Hsin-Chu, Taiwan, R.O.C., April 27, 2010 — TSMC today announced consolidated revenue of NT$92.19 billion, net income of NT$33.66 billion, and diluted earnings per share of NT$1.30 (US$0.20 per ADS unit) for the first quarter ended March 31, 2010.
Year-over-year, first quarter revenue increased 133.4% while net income increased 2059.5% and diluted EPS increased 2059.8%. Compared to fourth quarter of 2009, first quarter 2010 results represent a 0.1% increase in revenue, and a 3.1% increase in both net income and diluted EPS. All figures were prepared in accordance with R.O.C. GAAP on a consolidated basis.
Gross margin for the quarter was 47.9%, operating margin was 37%, and net margin was 36.5%.
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 Changyou.com Limited (CYOU) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Beijing, China, April 26, 2010 – Changyou.com Limited (“Changyou” or the “Company”) (NASDAQ: CYOU), a leading online game developer and operator in China, today announced its unaudited financial results for the first quarter ended March 31, 2010.
First Quarter 2010 Highlights:
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Total revenues reached a record US$72.1 million, an increase of 2% quarter-over-quarter and 17% year-over-year, which was within the Company’s guidance.
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Net income reached a record US$39.7 million, or US$0.75 per fully diluted ADS1. Net income increased by 2% quarter-over-quarter and 19% year-over-year.
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Non-GAAP2 net income (i.e., excluding share-based compensation expenses) reached a record US$42.7 million, or US$0.80 per fully diluted ADS, exceeding the high end of the Company’s guidance. Non-GAAP net income increased by 1% quarter-over-quarter and 24% year-over-year.
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 Synutra International Inc. (SYUT) files S-3/A [Amend] - Registration statement under Securities Act of 1933. We may offer, from time to time, in one or more series:
· shares of our common stock;
· shares of our preferred stock;
· warrants to purchase common stock and/or preferred stock; and
· units consisting of two or more of these classes or series of securities.
We may sell any combination of these securities in one or more offerings, up to an aggregate offering price of $100,000,000, on terms to be determined at the time of offering. In addition, from time to time, the selling stockholders identified in this prospectus under the heading “Selling Stockholders,” may sell up to an aggregate of 40,000,000 shares of our common stock held by them. We will not receive any proceeds from the sale of our common stock by the selling stockholders.
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 Sina Corp. (SINA) files SC 13D/A [Amend] - General statement of acquisition of beneficial ownership. This Amendment No. 2 to Schedule 13D amends and restates (as amended and restated, this “Statement”) in its entirety the Statement on Schedule 13D filed on December 7, 2009, as amended and restated by Amendment No. 1 to the Statement on Schedule 13D filed on December 11, 2009, relating to the ordinary shares, par value $0.113 per share (the “Shares”), of SINA Corporation, a company organized under the laws of the Cayman Islands (the “Company”), whose principal executive offices are located at 37F, Jin Mao Tower, 88 Century Boulevard, Pudong, Shanghai 200121, China.
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 QKL Stores Inc. (QKLS) files DEF 14A - Other definitive proxy statements. TO THE STOCKHOLDERS OF QKL STORES INC.:
The Annual Meeting of the stockholders of QKL Stores Inc., a Delaware corporation (“Company”), will be held on May 26, 2010, at 1:00 p.m., at 44 Jingqi Street, Dongfeng Xincun, Sartu District, Daqing, China, 163311 for the following purposes:
1.
To elect five directors;
2.
To ratify the appointment of BDO China Li Xin Da Hua CPA Co., Ltd., as Company’s independent accountants, for the fiscal year ending December 31, 2010; and
3.
To transact any other business as may properly be presented at the Annual Meeting or any adjournment thereof.
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 Sohu.com Inc. (SOHU) files 8-K - Current report. BEIJING, CHINA, April 26, 2010 – Sohu.com Inc. (NASDAQ: SOHU), China’s leading online media, communications, search, online games and wireless value-added services group, today reported unaudited financial results for the first quarter ended March 31, 2010.
First Quarter 2010 Highlights1:
•
Total revenues were US$129.5 million, up 12% year-over-year, exceeding the high end of the Group’s guidance.
•
Brand advertising revenues were US$39.5 million, near the high end of the Group’s guidance.
•
Online game revenues reached a record US$72.1 million, up 17% year-over-year and 2% quarter-on-quarter, within the Group’s guidance.
•
Before deducting the share of net income pertaining to the Non-Controlling Interest in Changyou, non-GAAP net income for the first quarter of 2010 was US$48.4 million, exceeding the high end of the Group’s guidance, up 3% year-over-year and down 4% quarter-on-quarter.
•
After deducting the share of net income pertaining to the Non-Controlling Interest in Changyou, non-GAAP net income for the first quarter of 2010 was US$33.8 million, or US 86 cents per fully diluted share, exceeding the high end of the Group’s guidance.
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 JA Solar Holdings Co., Ltd. (JASO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. SHANGHAI- April 23, 2010 – 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.
“Dr. Fang’s tremendous leadership and experience in large-scale technology manufacturing companies and his international perspective has already proven to be an asset to our company and we are pleased to welcome him to our Board,” said Baofang Jin, chairman of the board of JA Solar.
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 Biostar Pharmaceuticals, Inc. Receives New Advertising Approval from Shaanxi SFDA for Marketing Xin Aoxing Capsule. XIANYANG, China, April 27 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (Nasdaq: BSPM) ("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 other pharmaceutical products, announced today it has received new advertising approval from Shaanxi State Food and Drug Administration ("SFDA") for marketing Xin Aoxing Oleanolic Acid Capsules ("Xin Aoxing").
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 China Biologic Products to Receive Government Benefits to Continue R&D Innovation. TAI'AN, China, April 27 /PRNewswire-Asia-FirstCall/ -- China Biologic Products, Inc. (Nasdaq:CBPO - News) ("China Biologic," or the "Company"), a leading plasma-based biopharmaceutical company in China, today announced that its majority-owned subsidiary, Shandong Taibang Biological Products Co. Ltd. ("Shandong Taibang"), has been earmarked by the Shandong provincial government, as one of twelve model Shandong-based biopharmaceutical companies, eligible to receive financial subsidies and tax concessions related to new drug research and development in connection with the provincial government's recently announced program to drive growth in the region's biopharmaceutical industry.
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 51job, Inc. Schedules First Quarter 2010 Earnings Release and Conference Call on May 6, 2010. SHANGHAI, April 27 /PRNewswire-Asia-FirstCall/ -- 51job, Inc. (Nasdaq: JOBS), a leading provider of integrated human resource services in China, announced today that it will release unaudited financial results for the first quarter ended March 31, 2010 after the market closes on Thursday, May 6, 2010.
Management will hold a conference call at 9:00 p.m. Eastern Time on May 6, 2010 (9:00 a.m. Shanghai/Hong Kong time zone on May 7, 2010) to discuss its first quarter 2010 financial results, operating performance and business outlook.
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 Telestone Technologies Corporation Opens Four New Branch Offices. BEIJING, April 27 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation ("Telestone" or the "Company") (Nasdaq: TSTC), a leading developer of local access networks, products, and provider of engineering services for China's telecommunication market, today announced that it recently opened four new branch offices in Zhejiang, Ningxia, Qinghai and Anhui provinces. As a result of forecasted sales of $10.0 million from new branch offices in these high-growth provinces during 2010, Telestone has revised its previously stated guidance of $108.0 million to $118.0 for the 2010 year.
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 Xinyuan Real Estate Co., Ltd. to Present at the JMP Securities Research Conference. BEIJING, April 27 /PRNewswire-Asia/ -- Xinyuan Real Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE:XIN - News), a residential real estate developer with a focus on high growth, strategic Tier II cities in China, today announced that the Company will be presenting at the Ninth Annual JMP Securities Research Conference on Tuesday, May 11, 2010 at The Ritz Carlton in San Francisco, California. The presentation will begin at 2:00 p.m. U.S. Pacific time (5:00 p.m. U.S. Eastern time).
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|  | The China 100 Stock Index closed Tuesday, April 27, 2010:
1,002.57  25.92 (2.52 %) | | | Asia Cork Inc (AKRK) led the Gainers closing 4/27/2010:
0.57  0.06 (11.76 %)
| | | China America Holdings, Inc. (CAAH) was the Index biggest loser closing 4/27/2010:
0.03 0.01 (15.00 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Tuesday, April 27, 2010:
1,037.10 30.92 (2.90 %) | | | Yanzhou Coal Mining Co. Ltd. (YZC) led the Index closing 4/27/2010:
24.40 0.24 (0.99 %)
| | | AsiaInfo-Linkage,Inc. (ASIA) was the Index biggest loser closing 4/27/2010:
29.77 2.28 (7.11 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Tuesday, April 27, 2010:
1,014.32 33.86 (3.23 %) | | | Telestone Technologies Corp. (TSTC) led the Index closing 4/27/2010:
14.74 0.42 (2.93 %)
| | | China BAK Battery, Inc. (CBAK) was the Index biggest loser closing 4/27/2010:
1.99 0.32 (13.85 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Tuesday, April 27, 2010:
942.73 5.29 (0.56 %) | | | Asia Cork Inc (AKRK) led the Index closing 4/27/2010:
0.57 0.06 (11.76 %)
| | | China America Holdings, Inc. (CAAH) was the Index biggest loser closing 4/27/2010:
0.03 0.01 (15.00 %)
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