Compiled by CCG Staff
American Lorain (OTCBB: ALRC)
4/13/09 – ALRC reported strong financial results for the year ended December 31, 2008. For the full year 2008, net revenues were $132.4 million, up 61.2% from $82.1 million in 2007. Net income for 2008 increased to $14.7 million, or $0.58 per diluted share, from $9.7 million, or $0.42 per diluted share in 2007.
China Biologic Products, Inc. (OTCBB: CBPO)
4/27/09 – CBPO announced it received an order from one of the largest authorized biopharmaceutical distributors in India to ship Company products valued at $5.3 million to be sold under the Company’s own brand.
4/17/09 – CBPO announced it completed the third installment payment towards the acquisition of a 90% equity interest in Chongqing Dalin Biologic Technologies Co. Ltd. (“Dalin”), and is now entitled to all the rights and privileges of a 90% shareholder in Dalin and its 54% majority-owned operating subsidiary, Qianfeng Biological Products Co., Ltd.
4/01/09 – CBPO reported record results for the fiscal year ended December 31, 2008. Revenues increased 44.3% to $46.8 million; net income was up 46.5% to $12.0 million, or $0.56 per diluted share.
China-Biotics, Inc. (NASDAQ: CHBT)
4/22/09 - CHBT announced it signed an agreement with Dabeinong Group ("Dabeinong") to supply probiotics as bulk additives for poultry feed products. Under the initial purchase order, which has already begun shipping, China-Biotics will provide probiotics such as lactobacillus acidophilus and streptococcus faecalis.
China Clean Energy, Inc. (OTCBB: CCGY)
4/21/09 – CCGY announced that its wholly-owned subsidiary, Fujian Zhongde Technology Co., Ltd., secured a credit line for up to RMB 21 million (equivalent to approximately US $3 million) from Fuzhou City Commercial Bank. CCGY expects to use this credit facility to complete the new Jiangyin plant and fund the working capital requirements associated with the start up of production for biodiesel and specialty chemicals.
China XD Plastics Company Ltd. (OTCBB:CXDC)
4/14/09 - China XD Plastics Company Ltd. announced that the Company's wholly owned subsidiary, Harbin Xinda Macromolecule Material Co., Ltd. ('Xinda'), has been re-certified for the ISO/TS16949:2002 Certification of Quality Management System.
4/17/09 - China XD Plastics Company Ltd. announced that the Company's wholly owned subsidiary, Harbin Xinda Macromolecule Material Research Institute ('Xinda Research Institute'), is collaborating with Harbin Institute of Technology on the pre-research of pre-foamed modified polypropylene ('PP') and has successfully completed a small trial testing.
4/23/09 - China XD Plastics Company Ltd. announced that the Company expects to increase its annual production capacity to 70,000 tons with the addition of 7 production lines acquired at the end of 2008, an increase of 45,000 tons from 25,000 tons in 2007.
China Information Security Technology (NASDAQ: CPBY)
04/15/09 – CPBY announced that its newly signed contracts in the first quarter of 2009 were valued at $18.5 million.
China Medicine Corporation. (OTCBB: CHME)
4/24/09 – CHME announced that it achieved a major milestone for its novel product, recombinant aflatoxin detoxifizyme (rADTZ), which has the potential to detoxify aflatoxin (AFT), a cancer causing agent, in food and feed. CHME’s indirect subsidiary, Guangzhou Co-Win Bioengineering Co., Ltd., received a manufacturing license for premixed feed additive and a manufacturing license for feed additive for its production facility leased from Guangzhou Municipal Microbe Research Institute.
4/15/09 – CHME announced it signed a two-year renewable agreement with Heilongjiang Liao Yuan Technology, Inc. for exclusive provincial-level rights to distribute Nianlianping in Guangdong province, with the exception of Foshan, Zhongshan, Dongguan areas and Guangzhou Military Hospital. Nianlianping is a medical macrogol berberine solution used to restrain tissue from adhering to the lesion site after surgical operations.
China Sky One Medical, Inc. (NASDAQ: CSKI)
4/23/09 – CSKI announced that it obtained approvals from the State Food and Drug Administration (SFDA) in China for the production of Geranium ointment and Musk liniment for pain relief. CSKI estimates that the two products combined will contribute $0.8 million to revenues in 2009.
4/23/09 – CSKI announced record fourth quarter and fiscal year 2008 revenues for the period ended December 31, 2008. Fourth quarter revenue increased 104.0% to $26.0 million and fourth quarter net income increased 68.8% to $6.9 million. Full year 2008 revenue increased 86.2% to $91.8 million and full year net income increased 88.2% to $28.9 million.
China TransInfo Technology Corp. (NASDAQ: CTFO)
4/21/09 - CTFO announced that the Company signed two contracts, one in Gansu Province and one in Shanxi Province, with a combined value of roughly RMB 16.0 million, or approximately $2.3 million. According to the terms of the Gansu contract, China TransInfo will construct the Gansu Transportation Geographic Information System (GIS) platform for the Gansu Provincial Ministry of Communication ("MOC") which will be used to collect and analyze local transportation data. In Shanxi, China TransInfo will construct a customized GIS platform for the Shanxi Provincial Department of Forestry, a provincial division under the China Ministry of Forestry. The system will be used to conduct real-time 3D monitoring.
4/13/09 - CTFO announced that the Company has signed a contract with the Beijing Transportation Information Center. According to the terms of the contract, valued at about RMB 12.2 million, or approximately U.S. $1.78 million, China TransInfo will construct the Beijing Transportation Information Center's Transportation Industry Data Center System Database.
4/6/09 - CTFO announced that ten of the Company's transportation information products and applications have recently been included on the Beijing Municipal Government's most recent procurement list including the traffic volume collection equipment and data center, Electronic Toll Collection (ETC) system, Intellectual Parking Indication System, Comprehensive Transportation Management System, Smart Public Transportation Management System, and mobile phone-based Dynamic Traffic Information Service Platform.
China Valves Technology, Inc. (OTCBB: CVVT)
4/22/09 – CVVT announced that it acquired 100% equity ownership of Taizhou Wote Valve Co., Ltd., a manufacturer of mid- and small-diameter metal butterfly valves. The Company paid $3.0 million for Taizhou Wote, and plans to spend an additional $1.0 million to upgrade production technology and manufacturing equipment. China Valves expects its acquisition to generate $7.4 million in sales revenues and $1.5 million in net income during the next twelve months.
China Wind Systems, Inc. (OTCBB: CWSI)
4/30/09 - CWSI announced that Drew Bernstein joined its board of directors as an independent director. The Company also announced that Gerry Goldberg and Raymond Pirtle, Jr. have resigned as directors after completing one year of service.
4/22/09 – CWSI announced that its wind power business development was covered by Reuters, CFO.com, Cleantech Group, and New Energy Finance. The March 2009 issue of New Energy Finance featuring the interview is available on the Company's website.
Genesis Pharmaceuticals Enterprises, Inc. (OTCBB: GNPH)
4/23/09 – GNPH announced that it changed its name from Genesis Pharmaceuticals Enterprises, Inc. to “Jiangbo Pharmaceuticals, Inc.” to align its public company name with its popular "Jiangbo" brand name products sold through the Company's wholly owned operating subsidiary Laiyang Jiangbo Pharmaceutical Co., Ltd.
4/22/09 – The Company began marketing and selling the first three Traditional Chinese Medicines (“TCMs”) out of the 22 TCMs it recently acquired from Hongrui Pharmaceuticals. They are Yi Mu Cao Gao (a motherwort herb electuary sticky syrup), Gan Mao Zhi Ke Ke Li (an antipyretic and antitussive granule), and Kang Gu Sui Yan Pian (an osteomyelitis treatment tablet). The TCMs are were relabeled and are being sold under Genesis' brand name "Jiangbo."
4/2/09 – GNPH affirmed its operating income guidance of $40 to $43 million for its fiscal year ending June 30, 2009, and adjusted its revenue guidance to a range of $111 to $116 million as a result of restructuring how it distributes and sells its products.
Puda Coal Inc. (OTCBB: PUDC)
4/21/2009 - Puda Coal announced that it received approval from the Yuncheng municipal government to consolidate six coal mines in Pinglu County, Shanxi Province on April 1, 2009. According to the letter of intent signed in January 2009, the consolidation of the coal mines requires approval from the Shanxi provincial government. Following approval of the project from the provincial government, the Company will launch the project to acquire or merge those six coal mines.
ShengdaTech, Inc. (NASDAQ: SDTH)
4/02/09 –ShengdaTech, Inc announced record fourth quarter and full-year 2008 results. In the fourth quarter of 2008, revenue increased 11.0% year-over-year to $31.8 million, gross margin increased to 43.0%, and net income increased 62.8% year-over-year to $12.7 million, or $0.11 per diluted share. In the full year of 2008, revenue increased 48.5% to $149.4 million, gross margin was 36.9%, and net income increased 48.1% to $40.0 million, or $0.60 per diluted share.
4/15/09 – ShengdaTech, Inc. announced that the Company's Board of Directors appointed Mr. Andrew Weiwen Chen as ShengdaTech's new Chief Financial Officer effective April 15, 2009. The Company also announced that Ms. Anhui Guo resigned from her position as Chief Financial Officer and was appointed Chief Operating Officer, effective April 15, 2009. Ms. Guo will also continue to serve on the Company's Board of Directors.
Trina Solar (NYSE: TSL)
4/20/09 – TSL announced three new sales agreements totaling approximately 42 MW of PV modules for delivery in 2009 with customers in Germany, including 12 MW with Bull Solar GmbH.
4/14/09 – TSL announced the completion of a 4.7MW photovoltaic facility developed by ErgyCapital in the town of Serravalle Scrivia in the Piedmont region of Italy. The project is currently Italy's largest photovoltaic facility and single roof-mounted solar system, involving approximately 38,000 square meters of solar panels. TSL was the sole supplier of PV modules to ErgyCapital used on the rooftop installation
Universal Travel Group Inc. (OTCBB: UTVL)
4/28/09 – UTVL announced that Mr. Jing Xie, Chief Financial Officer of Universal Travel Group, was featured in a live interview on Bloomberg TV Asia's Asia Confidential, where he discussed current trends in the travel industry.
4/27/09 – UTVL announced that it was presented the Best Sales Award by China Southern Airlines on April 20, 2009.
4/22/09 – UTVL announced it expects to benefit from recent changes in domestic airfare discount rates offered by domestic airlines. According to a news report by the Xinhua News Agency on April 19, 2009, the government recently instituted a new airfare pricing system designed to partially roll back some of the deep discounting that has battered airline industry earnings.
4/15/09 – UTVL announced it formed a partnership with Fantasia Property Management Co., Ltd., as a first step, to install 50 TRIPEASY Kiosks at 20 locations in Shenzhen.
4/13/09 – UTVL announced it expects to benefit from an increase in travel expenditure by consumers. According to a consumer survey published by China Confidential, a Financial Times publication, on April 2, 2009, "Demand for personal travel expenditure remains robust, as demonstrated by the 71% of respondents saying they would keep holiday expenditure the same or increase it this year."
4/08/09 – UTVL announced the launch of its newly designed corporate website. The new website will integrate the Company's three previous, separate ones (Classic, TRIPEASY, and Easytrip versions) into a single more integrated and streamlined platform.
4/06/09 – UTVL announced the appointment of Mr. David Liu to the position of VP of Finance and Investor Relations. Mr. Liu will be based in the U.S. to assist the CFO in managing investor relations for the Company.
Yongye Biotechnology International, Inc. (OTCBB: YGYB)
4/28/09 – Mr. Larry Gilmore, Yongye's VP of Corporate Finance, was interviewed by The China Perspective, a leading online source of business news about the Chinese economy. Mr. Gilmore spoke about how Yongye's products help Chinese farmers increase the quality and quantity of their agricultural yields. He reviewed how Yongye recently expanded its production and sales capabilities to meet increasing demand for Yongye products.
4/21/09 – Yongye announced preliminary financial results for its fiscal quarter ended March 31, 2009. The Company expects net revenue for the quarter ended March 31, 2009 to be $12.0 million to $12.5 million, up approximately 26% to 31% from $9.5 million for the quarter ended March 31, 2008. Net income is expected to be $2.75 million to $3.0 million, up approximately 145% to 168% from the corresponding previous quarter, and fully diluted EPS are expected to be $0.13 to $0.15.
4/14/09 – The Company appointed Mr. Sean Shao to serve as an Independent Director on the Company's Board of Directors and Chairman of Yongye's Audit Committee.
4/1/09 – YGYB named Mr. Sam Yu to be the Company's new Chief Financial Officer, responsible for the Company's financial planning, reporting and conntrol activities.
Zhongpin Inc. (Nasdaq: HOGS)
4/28/09 - HOGS announced that it began construction of its new pork products facility located in the Jinghai Economic Technical Development Area in Tianjin City. The new facility will add 100,000 metric tons in annual chilled and frozen pork capacity and 36,000 metric tons in annual low temperature prepared meat production capacity.
4/27/09 – HOGS announced that the Company's inspection center has received the NCAC certificate from the China National Accreditation Service ("CNAS") for Conformity Assessment.
4/24/09 – HOGS announced that the Company will begin production of fruits and vegetables at its new facility in Henan Province on April 25, 2009. The new processing facility is located in Changge City, Henan Province with a total production capacity of 30,000 metric tons. Upon successful commencement of production at the new facility, the total production capacity of fruits and vegetables will increase by 138% from 12,600 metric tons to 30,000 metric tons.
4/7/09 – HOGS announced that its CFO, Mr. Warren Wang, gave a live interview at the studios of Bloomberg TV Asia on April 1, 2009. The interview addressed the recent meat processing industry in China and Zhongpin's growth drivers for its strong performance in fiscal year 2008.
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