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. It’s July 22nd, 2011, and we’ve found 3 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 Energy Corp. Reports Financial Results for Second Quarter of Fiscal Year 2011

China Energy Corporation (OTC Bulletin Board:CHGY.ob - News), ("China Energy" or the "Company"), a producer and trader of coal for domestic heating, electrical generation, and coking purposes and a supplier of heating and electric energy services in Inner Mongolia, today announced financial results for the second quarter of its fiscal year ending May 31, 2011.

Second Quarter Results

• revenue of $32.2 million, a 57.1% increase over revenue of $20.5 million in the second quarter of fiscal year 2010. O
• Operating income for the second quarter of 2011 totaled approximately $6.9 million, a 7.8% increase from $6.4 million reported for the second quarter of 2010.
• Operating margins were 21.4% and 31.2% for the second quarter of 2011 and 2010, respectively.
• Net income during the quarter totaled approximately $3.8 million, or $0.08 per share, compared to $4.4 million, or $0.10 per share in the second quarter of fiscal year 2010.
• Gross Profit was $10.6 million compared to $8.5 million from the 2nd Quarter of 2010, an increase of +24.7%

Six Month Results

• revenue of $54.5 million, a 32.0% increase over revenue of $41.3 million in the same period of fiscal year 2010.
• Net income for the six months of fiscal year 2011 totaled approximately $8.2 million, or $0.18 per share, compared to approximately $8.4 million, or $0.19 per share in the same period in fiscal year 2010.
• Net income margins were 15.0% for the first six months of fiscal year 2011.
• Gross Profit was $18.6 million compared to $15.4 million from the first half of 2010, an increase of +20.8%

Last Trade: 0.5152 Week: 2.20 – 0.3601Market Cap: 22.95 Million

Link to hub

Crescent Gold Operations Update-Improving Gold Production Highlights

Further to the operations update provided on the 5th May 2011, Crescent Gold Limited (TSX:CRA) (ASX:CRE) (FRANKFURT:CZ8) is pleased to advise that the recently completed Campaign 7 mining programme resulted in 23,871 ozs being produced, 8.5% above guidance of 22,000ozs for the June 2011 quarter and the third highest campaign for gold production since the Ore Purchasing Agreement (OPA) with Barrick Granny Smith (BGS) was commenced.

HIGHLIGHTS

-- Campaign 7 produced 23,871 ozs, 8.5% above guidance. -- Up 28% and 59% on Campaigns 5 and 6 respectively. -- Guidance for Campaign 8 gold production of 22,000 ozs.

A total of 570,488 tonnes at an average feed grade of 1.43 g/t was processed over the 47 day campaign with an overall recovery of 91.1%.

Compared to the rain affected campaigns 5 and 6, gold production of 23,871 ozs represents a 28% and 59% uplift respectively, underpinned by both higher tonnage and higher feed grade.

Ore for Campaign 7 was sourced from the Mary Mac South, Craiggiemore, Grouse, Pieces of Eight and Fish open pit operations, in addition to 75,000 tonnes of ore stockpiled at the end of campaign 6.

Mining activities are well advanced at Craiggiemore, Mary Mac Hill and Fish and approximately 450Kt of ore is stockpiled at Granny Smith. Crescent Gold is therefore well positioned for ore deliveries into Campaign 8 and to achieve its forecast gold production of 22,000 ozs.

ABOUT CRESCENT GOLD

Crescent Gold Limited is a Top 10 listed Australian gold producer and explorer based in Perth, Western Australia. With a primary focus on gold mining and exploration, the Company is actively advancing its flagship asset, the Laverton Gold Project, located 250km northeast of Kalgoorlie in Western Australia.

Last: 0.06Range: 0.20-0.03Market cap 35.6 million

Link to hub

China Automotive Systems Reports 2011 First Quarter Financial Results

China Automotive Systems, Inc. ("CAAS" or the "Company"), (NASDAQ:CAAS - News), a leading power steering components and systems supplier in China, today announced financial results for the first quarter ended March 31, 2011.

First Quarter 2011 Results

• Net sales rose 8.1% to $91.0 million, compared to $84.2 million in the first quarter of 2010;
• Gross profit was $20.0 million, compared to $22.5 million for the comparative quarter in prior year; Gross margin was 22.0% in the 2011 first quarter;
• Research and development expenses rose approximately $1.0 million to $2.3 million;
• Net income attributable to the parent company's common shareholders was $17.2 million, or diluted earnings per share of $0.23, versus a loss of $4.1 million, or $0.15 loss per share, in the 2010 first quarter; and
• Cash and cash equivalents were $40.6 million at March 31, 2011.

As of March 31, 2011, total cash and cash equivalents were $40.6 million. Working capital was $123.9 million at the end of March 2011. Cash used to acquire property, plant and equipment for capacity expansion was $6.1 million for the three months ended March 31, 2011.

About China Automotive Systems, Inc.

Based in Hubei Province, the People's Republic of China, China Automotive Systems, Inc. is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through nine Sino-foreign joint ventures. The Company offers a full range of steering system parts for passenger automobiles and commercial vehicles. The Company currently offers four separate series of power steering with an annual production capacity of over 3.5 million sets, steering columns, steering oil pumps and steering hoses.

Last Trade: 8.2152 Week: 20.70 – 6.30Market Cap: 230.57 Million

Link to hub