AGORACOM Small Cap TV - November 29th - Highlights
posted on
Nov 29, 2010 10:25AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning.t’s November 29th 2010, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Pediatric Pharmaceuticals Reports Third Quarter 2010 Financial Results
China Pediatric Pharmaceuticals, Inc. (OTC Bulletin Board: CPDU) ("China Pediatric Pharmaceuticals" or the "Company"), today announced its financial results for the third quarter ended September 30, 2010. The Company's quarterly report on Form 10-Q was filed with the U.S. Securities Exchange Commission on November 22, 2010.
"We are very pleased with our third quarter results. Our sales and profit increased significantly, and we expect to continue increasing sales by expanding our market reach and strengthening our brand recognition. Our product lines are becoming increasingly visible in pharmacies throughout many regions in China," stated Mr. Jun Xia, Chairman and Chief Executive Officer of China Pediatric Pharmaceuticals.
Third Quarter 2010 Highlights
Net sales increased by $3,002,538, or 72%, year-over-year, to $7,182,906. Within these, net sales from Cooer Series reached approximately $5.8 million.
Gross profit increased by $1,639,370, or 63%, year-over-year, to $4,229,885.
Net income increased by $109,553, or 11%, year-over-year, to $1,107,146.
Non-GAAP net income increased by $849,553 or a 85% year-over-year increase to $1,847,146 after adjusting for the non-cash share-based derivative expense of approximately $740,000.
Earnings per share in the 3 months ended September 30, 2010 decreased by $0.01, or 8% year-over-year, to $0.11.
Non-GAAP earnings per share increased by $0.06, or 5% year-over-year, to $0.18.
About China Pediatric Pharmaceuticals, Inc.
China Pediatric Pharmaceuticals, Inc. has its headquarters in Xi'an, Shaanxi Province, China. The Company identifies, discovers, develops manufactures and distributes both prescription and over-the counter, including both conventional and Traditional Chinese Medicines ("TCMs"), pharmaceutical products for the treatment of some of the most common ailments and diseases, with pediatric medicine as its focus. The Company's manufacturing facility located in Baoji City, Shaanxi Province.
Last Trade: 4.0052 Week: 7.00 – 1.90Market Cap: 47.8 Million
China Wind Power Reports Second Quarter FY2011 Financial Results
China Wind Power International Corp. (TSX-V: CNW - News) today reported its financial results for the three- and six-month periods ended September 30, 2010. All amounts are in Canadian dollars unless otherwise indicated.
Selected Second Quarter Financial Highlights <<
Third Quarter 2010 Consolidated Financial Highlights
In thousands except share or % data |Sept. 30, 2010|Sept. 30, 2009| Change|
|________________________________________|______________|______________|_______|
|Total sales | $1,217| $705| +72.6%|
|________________________________________|______________|______________|_______|
|Recorded revenue | $1,217| -|+$1,217|
|________________________________________|______________|______________|_______|
|Adjusted EBITDA1 | $1,291| ($393)|+$1,684|
|________________________________________|______________|______________|_______|
|Net earnings (loss) | ($569)| ($2,726)|+$2,158|
|________________________________________|______________|______________|_______|
|Net earnings (loss) per share - diluted2| ($0.01)| ($0.06)| +$0.05|
|________________________________________|______________|______________|_______|
China Wind Power International Corp. is a Canadian company that is uniquely positioned to capitalize on the growing demand for wind power in China. The Company indirectly holds the exclusive rights for wind energy development in Du Mon County, Heilongjiang Province, which is a favourable location for wind power generation.
Du Mon County is located in the center of “Harbin - Daqing – Qiqihar Industry Corridor” in Heilongjiang Province. Recently completed wind assessment studies in Du Mon County demonstrated potential installed capacity of 1,150 MW of wind energy developable over an area of 612 square kilometres.
Last Trade: 0.9952 Week: 1.50 – 0.87Market Cap: 65.54 Million
LANXI COUNTY, China, Nov. 29, 2010 /PRNewswire via COMTEX News Network/ --
China Linen Textile Industry, Ltd. (OTC Bulletin Board: CTXIF) ("China Linen" or the "Company"), one of China's leading linen fabric and yarn producers, marketers and exporters, today announced record third quarter 2010 financial results.
Q3 2010 revenue increased 109.3% YOY to 14.0 million.
Q3 2010 net income increased 74.9% YOY to $2.8 million.
Q3 2010 EPS of $0.14 vs. $0.08 for the same period in 2009.
Raises full year 2010 guidance on revenues from $38.1 million to $44.0 million, maintains net income guidance of $9.3 million, raises EPS guidance from $0.39 to $0.46 based on 20,215,003 weighted average number of shares outstanding.
SUMMARY FINANCIALS
Third Quarter 2010 Results (unaudited)
Q3 2010Q3 2009CHANGE
Revenues$14.0 million $6.7 million +109.3%
Gross Profit$4.4 million$2.1 million +114.9%
Net Income$2.8 million$1.6 million +74.9%
EPS (Diluted) $0.14$0.08+74.1%
Nine Months 2010 Results (unaudited)
Nine-month 2010 Nine-month 2009 CHANGE
Revenues$31.6 million$20.6 million+53.7%
Gross Profit$9.8 million$5.7 million+72.2%
Net Income$6.9 million$4.3 million+59.6%
EPS (Diluted) $0.34$0.21+58.9%
About China Linen Textile Industry, Ltd.
China Linen Textile Industry, Ltd. (http://www.chinalinen.cc/) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China. Lanxi Sunrise has one yarn-spinning factory, one bleaching factory and two fabric weaving factories in its 35,120 square meters of building area with a staff of 1,400 and 430 sets of world-class, advanced production machinery.
Last Trade: 1.5252 Week: 1.99 – 0.80Market Cap: 30.72 Million
ALEXIS MINERALS CORPORATION (TSX:AMC)
-report additional encouraging results from its gold exploration drilling program at its Snow Lake Mine in Manitoba. Drilling confirms the potential for mineralization from surface to 520 foot depth within the East Extension of the Main Mine, giving further support for the potential discovery of a major new ore zone. Also, very high gold grade results are being found in the Footwall of the Main Mine Horizon.
Highlights include:
East Extension
Footwall Zones
About Alexis Minerals
Alexis Minerals Corporation is a Canadian mining company listed on the Toronto Stock Exchange (symbol "AMC") and trades in the United States on the Over the Counter QX International platform (OTCQX:AXSMF). The Company owns one producing gold mine in Val-d'Or and the right to earn a 100% interest in the Lac Pelletier gold property in Rouyn-Noranda, both in Quebec. Alexis also owns the Snow Lake Mine in Manitoba. With these assets Alexis has the potential to develop gold production forwards. Alexis is targeting mid-tier gold production levels in 2011.
Last: 0.22Range; 0.46-0.13Market Cap: 74 million
Donner Metals Ltd. (TSX VENTURE:DON)
-announce that the Company and its joint venture partner Xstrata Canada Corporation – Xstrata Zinc Canada Division (Xstrata Zinc) have received the "Development of the Year" award by the AEMQ (L'Association de l'exploration minière du Québec).
This award was presented at the Quebec Exploration 2010 conference in recognition of the commencement of development of the Bracemac-McLeod Mine in July of this year. Under the feasibility study completed by Genivar Limited Partnership and Xstrata Zinc, the mine is scheduled for production in January 2013 and will produce at a rate of 2500 tonnes per day over an expected mine life of four years on current mining reserves of 3.73 million tonnes grading 9.60% zinc, 1.26% copper, and 28.25g/t silver and 0.43g/t gold (see news release September 2, 2010).
The mine is expected to produce 606 million pounds zinc, 83 million pounds copper, 1,497,000 ounces silver and 13,090 ounces gold. Potential to expand the mine exists on the basis of inferred resources of 2.63 million tonnes grading 8.78% zinc, 1.31% copper, 38.83g/t silver and 1.06g/t gold that will be assessed when underground development is established.
About the Company
Donner Metals Ltd. is a Canadian base metals exploration and development company located in Vancouver B.C. The Company is focused on base and precious metal exploration throughout Canada. Donner's flagship project is the Matagami Project option and joint venture with Xstrata Canada Corporation - Xstrata Zinc Canada Division ("Xstrata Zinc") which was signed in 2006 and covers exploration and future development within the prolific Matagami Lake Mining Camp located in the Abitibi region of central Québec.
Last: 0.27Range: 0.37-0.17Market Cap: 29.75 Million