Chinese earnings plays

[chinaman711]

Looking for some big runs in chinese stocks on earnings reports. Should be some great plays in the next 2 weeks. 1st one up is XFML as they will be reporting tonight and a cc at 7pm. Last time this 1 had a real nice run and could do it again imo. Good luck

[chinaman711]

BIDU another chinese company that reports tonight. Could have a huge run imo

[chinaman711]

XFML nice earnings report now hope they say some good things in the conference call at 7pm. XFMedia Announces Financial Results for the Full Year and Fourth Quarter 2007
Wednesday February 13, 4:20 pm ET


BEIJING, Feb. 13 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Media Limited ("XFMedia" or "the Company"; Nasdaq: XFML), a leading media group in China, today announced its unaudited financial results for the full year and fourth quarter ended December 31, 2007.
Full Year 2007 Highlights

The following is a summary of our financial results for the full year ended Dec 31, 2007:


Chart 1: Summary of full year 2007 and 2006 results

12 months ended 12 months ended Growth
In US millions Dec 31, 2007 Dec 31, 2006 %
Net revenue 134.8 59.0 129 %
EBITDA* 43.2 15.3 182 %
Net Income 28.0 3.3 738 %
Adjusted net income* 37.9 9.2 310 %

* Please refer to Chart 19 for details of calculation of EBITDA and
adjusted net income.

-- Excluding contribution of US$29.9 million from acquisitions completed
in 2007, net revenue for full year 2007 was US$104.9 million, up 78%
year-over-year.
-- EBITDA (non-GAAP), defined as earnings before interest expense, taxes,
depreciation, amortization of intangible assets and share-based
compensation expenses, for full year 2007 was $43.2 million, up 182%
from $15.3 million in full year 2006.
-- Net income for full year 2007 was $28.0 million, up 738% from $3.3
million in full year 2006.
-- Adjusted net income (non-GAAP), defined as net income before
amortization of intangible assets, imputed interest, share-based
compensation expenses and one time items, for full year 2007 was $37.9
million, up 310% from $9.2 million in full year 2006.

[MrSer]

Awesome information. I'm in bidu calls. Good luck to you sir!

[piggybank]

At it's PE XFML looks quite undervalued. Revenue has increased over the year the stock goes lower in time. Seems like a no brainer, unless the comming results are bad. i'm getting interrested.

Baidu has a very high PE and looks like a risk, consider this article http://seekingalpha.com/article/64447-rbc-out-cautious-on-baidu-expect-downside-heading-into-earnings?source=reuters
Not that you should listen to much to others. But this seems a fair amount of more risk.

[microhedge]

Just finished up the cc on XFML, incredible position they are in with no long term debt and a staggering amount of cash on hand.

I am sure Chinaman will fill in the details.

I am very bullish on XFML.

[optimus25]

Nice move on BIDU in after hours. And with Asia cranking right now, I think we'll have a nice day in the ADRs tomorrow.

[optimus25]

Chinaman. I know you like XFML, but what do you think about JRJC? I'm thinking they're both great plays.

[microhedge]

JRJC def one to watch imo... also CHINA reporting 4Q Avg Daily Rev Rose 16% Vs 3Q today

CDC Games Reports Record Performance During Chinese New Year
Last update: 2/14/2008 7:30:04 AM

Special Force, MIR3 and Shaiya Score Big During Holiday Season BEIJING, Feb 14, 2008 (BUSINESS WIRE) -- CDC Games, a business unit of CDC Corporation and pioneer of the "free-to-play, pay for merchandise" model for online games in China, today announced that three of its games, Special Force, MIR3 and Shaiya, posted record average daily revenues during the Chinese New Year between February 6 and February 12, 2008. During the Chinese New Year, average daily revenues for Special Force, MIR3 and Shaiya rose by approximately 450 percent, 50 percent and 40 percent respectively, compared to the fourth quarter of 2007. Special Force, launched in June 2007 is the first free-to-play, pay for merchandise FPS (first person shooter) game in China. Both Shaiya and Mir III are massive multiplayer online fantasy role playing games in China. "This record revenue growth is particularly encouraging news as the average daily revenue for all games in Q4 2007 has grown approximately 16% as compared to Q3 2007," said John Huen, chief operating officer of CDC Games. "Together, Special Force, Shaiya and MIR3 now comprise more than 70 percent of our average daily games revenue in China

[chinaman711]

Yep li ike jrjc too and like most chinese companys for the next few years. What a screw up on last nights earnings report, correction out this morning. Bought some in after hours to avg in my price and got lucky this morning with the correction. See what happens-looks good l/t imo. 7:57AM Xinhua Finance correction (XFML) 4.88 : In yesterday's 16:30 comment, we stated that company issued downside guidance, projecting Q1 revs of $25-30 mln vs. a $41.53 mln consensus. This was incorrect. XFML's Q1 guidance is $25-30 mln, however this compares to a $22.4 mln single analyst estimate, not a $41.53 mln consensus. We have corrected the earlier entry.

[dicarcz]

CPSL earnings sometime this week I think as well. Hopefully readying for a big run.

[chinaman711]

Press Release Source: Xinhua Finance Limited


Xinhua Finance Limited (TSE: 9399) Reports Strong Year-On-Year Growth in 2007
Sunday February 17, 9:11 pm ET


SHANGHAI, China, Feb. 17 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Limited ("XFL", TSE Mothers: 9399 and OTC: XHFNY), China's premier financial information and media service provider, today announced consolidated business results for the fiscal year ended December 31, 2007. Under International Financial Reporting Standards ("IFRS"), XFL's consolidated revenue increased to US$257.7 million, up 47% from US$175.0 million a year ago; EBITDA was US$39.0 million, representing a year-on-year growth of 67% from US$23.3 million; and net income grew 201% to US$56.5 million from US$18.7 million in 2006. Fully diluted earnings-per-share (EPS) reached US$51.68, up from US$20.14 in 2006.
ADVERTISEMENT


Proforma EBITDA, adjusted to exclude non-cash ESOP expenses and one-time items, was US$54.3 million, representing an operating margin of 21% and an increase of 68% over US$32.4 million in the previous year. XFL provides proforma results to help investors better understand the Company's underlying operating and financial trends.

During the year, XFL divested or discontinued certain businesses in order to align its growth strategy with the opportunities in China and the areas where the company has a significant competitive edge. Revenue from continuing operations was US$247.5 million, exceeding the 2007 full year forecast of continuing operations of US$242.2 million by 2%. Pro Forma EBITDA from continuing operations was US$57.2 million vs. full year forecast from continuing operations of US$58.4 million.

XFL CEO Fredy Bush said that the company was pleased to report another year of strong growth propelled by the achievements across all service lines and the dynamic market environment in China.

"Our solid financial performance in 2007 demonstrates the continued success of our China-focused strategy. For fiscal year 2007, over 55% of revenue and 70% of our employees came from our China businesses. We have successfully developed significant market leadership in each of our service lines over the last 8 years since we started this company. We believe we are well poised for seizing further opportunities for growth as China continues to evolve. In 2008, we will invest in the business strategically to strengthen our unrivaled position," said Ms. Bush.

In 2007, XFL continued to successfully leverage its content and distribution businesses to benefit from the vigorous development of China's markets. In XFL's content business, the company's China indices were benchmarked by more funds worldwide, with total assets under management rising to around US$122 billion at the end of 2007 from US$108 billion at the third quarter of 2007 and US$54 billion a year ago. The financial news service signed a contract with the Singapore Stock Exchange to offer customized Chinese news products. For the IR service line, the corporate announcement distribution services, Xinhua PR Newswire, increased its distribution volume by 48% from 2006 and the number of journalists in China on its network grew from 6,500 to 9,000 at the end of 2007.

In March 2007, the Company completed the initial public offering of Xinhua Finance Media ("XFMedia", Nasdaq: XFML), a subsidiary under the Distribution service line, raising net proceeds of about $200 million, to help accelerate the expansion of this business line. During the year, XFMedia grew robustly given the booming advertising market in China. XFMedia built its leading position as a media group in China and strengthened its unique platform which provides clients with nationwide access to the large and growing upwardly mobile demographic.

CFO David Wang said, "XFL turned in a strong performance in 2007 with substantial growth in both top and bottom lines. As the Company further expands, we will continue our integration efforts between the content and distribution businesses in order to improve the profitability, cost controls and operational efficiency of the entire group."

[chinaman711]

The Yucaipa Companies Increase Investment in XFMedia
Tuesday February 19, 6:30 am ET


BEIJING, Feb. 19 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Media Limited (''XFMedia'' or ''the Company''; Nasdaq: XFML), a leading media group in China, announced today that it has reached an agreement to issue $30 million in convertible preferred shares to The Yucaipa Companies (''Yucaipa''), an investment firm with holdings in Asia, Europe and the Americas. Upon this issuance, Yucaipa's aggregate ownership in XFMedia's common shares will amount to 12% of total shares outstanding, assuming full conversion of the preferred shares and including Yucaipa's earlier purchase of $25.7 million in common shares from existing shareholders in September 2007.
ADVERTISEMENT


''The increased investment from a world-class, long-term investor like Yucaipa is a vote of confidence in both the fundamentals and growth prospects of our Company,'' said Ms. Fredy Bush, CEO and Chairman of XFMedia. ''The investment will strengthen our financial position and enable us to better capitalize on the opportunities in China for growth and expansion.''

The conversion price is set at $6.00 per American Depository Share (''ADS''), or $3.00 per common share as each ADS listed on the NASDAQ represents two common shares. The conversion price represents a 31% premium to the closing price on February 15, 2008. The preferred shares will vote on an as-converted basis with the common shares.

Yucaipa will be subject to a one year lock-up period before it can convert the preferred shares into common shares or ADSs. The preferred shares have an annual coupon of 8% payable in cash or stock at the Company's option. Yucaipa will be entitled to retain one board seat for so long as Yucaipa continues to hold at least 50% of the purchased shares.

Yucaipa is a premier investment firm that has established a record of fostering economic value through the growth and responsible development of companies. Since its founding in 1986, the firm has completed mergers and acquisitions valued at more than $30 billion.

About Xinhua Finance Media

[flybynight]

Thoughts on the XFML play? Good articles posted by Chinaman, but stock continues to fall. Any reason?

[mlegha1]

Highly Speculative play but can easily double/triple going into Olymipcs.But if you want to play advertising revenue in China FMCN is a better play.

[microhedge]

Nice surprise here, thought I would throw it out there!

VISN

VisionChina Media Swings To 4Q Net On Ad Rev Surge

Last update: 2/27/2008 4:56:32 PM

DOW JONES NEWSWIRES

VisionChina Media Inc. (VISN) swung to a fourth-quarter profit of $5.73 million, or 10 cents a share, from a year-ago loss of $2.23 million, or 13 cents a share, due in part to a surge in advertising revenue to $11.7 million from $1.1 million. The Shenzhen, China, outdoor advertising company's revenue jumped to $12 million from $2.02 million last year. Looking ahead, VisionChina expects first-quarter revenue of $12.5 million to $13.5 million and full-year revenue of $90 million to $94 million. Shares in VisionChina rose 25 cents to $9.49 in recent after-hours trading.

[microhedge]

SEED

Origin Agritech Limited
Reports Financial Results for the Twelve Months Ended September 30, 2007
Last update: 2/27/2008 4:35:01 PM
BEIJING, Feb 27, 2008 (BUSINESS WIRE)

Origin Agritech Limited (SEED) ("Origin" or the "Company"), a technology-focused supplier of crop seeds in China, today announced financial results for the year ended September 30, 2007. These fiscal year results reflect the Company's financial results during the period from October 1, 2006 to September 30, 2007. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States.

FINANCIAL RESULTS OVERVIEW For the year ended September 30, 2007, we generated revenues of RMB489 million (US$65.2 million), a decrease of 6.23% from RMB 521.9 million (US$66.0 million) in revenues generated in the twelve months ended September 30, 2006. Our results of operations were materially impacted this year by certain industry factors.

These factors included (1) Circular (Guo Ban Fa (2006) No 40) issued by the State Council which required separate local, provincial seed authorities from existing commercial sales affiliates by June 30, 2007. As a result of these regulations, many local seed producers ceased operations and a significant amount of seed was sold at lower than expected price levels as these businesses needed to liquidate their remaining inventory; (2) an over-production of crop seed supply in the marketplace.

These aforementioned factors were pervasive throughout the entire Chinese crop seed industry this year. Revenues The industry environment this year caused us to liquate a portion of our crop seeds as scrap sales. While these sales only amounted to 2.12% of our total revenues for the year ended 2007, they materially impacted our overall gross margin by 8.25%. During fiscal year 2007 we also wrote off a significant portion of our seed inventory of RMB77.24 million (US$ 10.31 million), which was recorded as cost of revenues.

Excluding these temporary scrap sales and the impairment of inventory, our gross margins for the period were 30.09% as compared to our 30.73% gross margins for the twelve months ended September 30, 2006. With regards to our fiscal year 2007 normal product line results, exclusive of scrap sales, normal corn seed products remains our strongest product, producing 74.36% of our sales, as compared to 65.03% in the twelve month ended September 30, 2006 period and 64.79% for the nine months ended September 30, 2006. The total revenue from corn seed grew 4.94% to RMB356.17 million in fiscal year 2007 from RMB 339.39 million in the 12 months ended September 2006. Margins decreased 5.42% from 37.38 % in the 12 months ended September 2006 to 31.96% in fiscal year 2007, mostly as a result of the increased industry pressure due to the change in government regulations. Cotton margins increased 0.69% to 28.43% in fiscal year 2007 from 27.74% in the twelve month period ending September 30, 2006. Volume decreased slightly from 57.9 million kg in the twelve months ended September 30, 2006 to 54.5 million kg in fiscal year 2007. Our first year of canola sales showed 454,521 kg with 53.3% margins. Our rice product sales in fiscal year 2007 suffered the greatest losses this year. Our revenues for the rice unit, exclusive of scrap sales, for the year ended September 30, 2007 decreased approximately 50.52% to RMB 71.90 million from RMB 145.32 million in the twelve months ended September 30, 2006.

The margin decreased from 19.03% in the twelve months ended September 30, 2006 to 15.95% in fiscal year 2007. The unexpected price reduction in the market this year caused us to write-off a large amount of inherited (Feb 2006) inventory from the acquired Denong entity, amounting to RMB75.24 million (US$10.04 million). These rice products were produced prior to 2005, and thus would no longer be viable for the commercial marketplace in 2008.

Total Expenses Total expenses for the year ended September 30, 2007 were RMB 178.68 million (US$23.85 million), representing an increase of 46.39% from RMB122.06 million (US$15.44 million) for the twelve months ended September 30, 2006. Selling and marketing expenses for the year ended September 30, 2007 were RMB57.99 million (US$7.74 million), representing an increase of 0.51 % from RMB57.70 million (US$7.30 million) for the year ended September 30, 2006. General and administrative expenses for the year ended September 30, 2007 were RMB92.25 million (US$12.31 million), representing an increase of 83.74% from RMB 50.20 million (US$6.35 million) for the twelve months ended September 30, 2006. Research and development expenses for the year ended September 30, 2007 were RMB28.44million (US$3.80 million), representing an increase of 100.88 % from RMB14.16 million (US$1.79 million) for the twelve months ended September 30, 2006. This doubling of expenses amounted to 5.8% of our total revenues, which is roughly in-line with our research and development strategy.

Causes for the increase in G&A expenses this year include the following: (1) additional six months of Jilin Changrong acquisition and additional four months of expenses from Denong Zhengcheng acquisition. Denong was consolidated in February 2006. Changrong was consolidated in April 2007, (2) Salaries and severance fees as a result of the reorganization, increase in welfare benefit expense, salary increase due to new 13th month bonus, (3) increase in professional fees dues to first year of SOX-404 implementation and convertible debt capital raise. Our average headcount and associated salaries during 2007 was 1047.

Our current headcount as at December 31, 2007 is 930, as some of the payroll elimination has already taken place at the end of fiscal year 2007. Net Income We recorded a net loss applicable to ordinary shareholders of RMB 163.20 million (US$21.78 million) for the year ended September 30, 2007, as compared to the net income of RMB57.82 million (US$7.32 million) for the twelve months ended September 30, 2006. Balance Sheet Origin's balance sheet at September 30, 2007 included cash and cash equivalents of RMB162.31 million (US$21.66 million) as of September 30, 2007, working capital of RMB294.98 million (US$39.37 million), shareholders' equity of RMB296.92 million, ($39.63 million) and long-term debt of 265.94 million (US$35.94 million).

Origin also extended its share repurchase program for up to US$10 million through December 2008. Fiscal 2008 Guidance Looking into 2008, we continue to see further industry consolidation. As a result, the overall capacity will gradually return to a rational range and the decline of average selling price will likely slow down. However, we still see the overall inventory remains high throughout the industry and total seed supply still outstrips the demand.

Based on its current outlook, with existing and anticipated business conditions, Origin expects to report revenues range from US$75 million to US$80 million and bottom line range from a net income of US$0.5 million to US$2 million, for the fiscal year ending September 30, 2008. This net income figure is inclusive of roughly US$2.7 million dollars in expected non-cash interest expense from our convertible debt offering. Exclusive of this non-cash expense, we expect a net income range of US$3.0 to US$4.5 million.

[microhedge]

Nice surprise here, thought I would throw it out there!

VISN

VisionChina Media Swings To 4Q Net On Ad Rev Surge

Last update: 2/27/2008 4:56:32 PM

DOW JONES NEWSWIRES

VisionChina Media Inc. (VISN) swung to a fourth-quarter profit of $5.73 million, or 10 cents a share, from a year-ago loss of $2.23 million, or 13 cents a share, due in part to a surge in advertising revenue to $11.7 million from $1.1 million. The Shenzhen, China, outdoor advertising company's revenue jumped to $12 million from $2.02 million last year. Looking ahead, VisionChina expects first-quarter revenue of $12.5 million to $13.5 million and full-year revenue of $90 million to $94 million. Shares in VisionChina rose 25 cents to $9.49 in recent after-hours trading.

Well she had a beautiful run today, played her several times, hope you all got a piece of the pie!

[Rich]

XFML YES!! :!:

If I'm reading this correctly, I think this is about to explode....

Thanks for the advice to not sell last week Microhedge, this now looks tasty.
I just can't find when the next quarterly report is ....

2898

[mlegha1]

I am thinking early Mar late april...

[flybynight]

XFML YES!! :!:

If I'm reading this correctly, I think this is about to explode....

Thanks for the advice to not sell last week Microhedge, this now looks tasty.
I just can't find when the next quarterly report is ....

2898

The stock has continued to be on the downtrend. What makes you think it will "explode" in the near future?

[Rich]

RSI, MACD are both starting to be in an upward trend. Also, the candelsticks are indicating a reversal.

Personally, I jump on way too early in this stock by listening to others recommendations, it was one of those days where 'I JUST HAVE TO BUY SOMETHING!!!"" one of the ten worse things a person can do!

So, I'm hoping that the indicators, plus the latest news turns this around.

[Rich]

XFML
BUSH ruins another stock!!

This from Barrons: http://blogs.barrons.com/techtraderdaily/2008/05/27/dueling-finance-web-sites-xinhua-and-china-finance-trade-opposite/?mod=yahoobarrons

Dueling Web Sites: Xinhua Down, China Finance Up
Posted by Tiernan Ray
Shares of China’s two answers to Barron’s Online (kinda) are trading in opposite directions today, as Xinhua Finance Media Limited (XFML) falls 11% TO $3.01, one of the biggest decliners on the Nasdaq, and China Finance Online (JRJC) rises almost 16% to $23.80. Both companies are based in Beijing. ( My note: These two companies are competitors!)

The precipitating event seems to be the announcement that Xinhua’s chief executive, Ms. Fredy Bush, has been demoted from CEO of the parent company, Xinhua Finance Ltd., which trades on the Japanese exchange, to just CEO of the subsidiary, Xinhua Finance Media, apparently to give “sharper focus” to her running of the subsidiary, according to the press release put out yesterday. Ms. Bush is replaced by Jae Lie, who has been with the parent company since 2000. Ms. Bush will remain executive vice chairman of the parent company.

My colleague, Barron’s magazine investigative reporter Bill Alpert, who wrote about Xinhua a year ago, and did a follow-up, offers that the “sharper focus” Ms. Bush will take may be taken as as negative for XFML stock by many. My conjecture is that investors may be trading into the competitor, China Finance, as the alternative bet on China’s rising desire for financial news. China Finance announces financial results for its first fiscal quarter on Thursday, after market close.]
Permalink | Trackback URL: http://blogs.barrons.com/techtraderdaily/2008/05/27/dueling-finance-web-sites-xinhua-and-china-finance-trade-opposite/trackback/

I think I also read where XFML didn't meet expected earnings???? Is this true?

So, whats going to happen now with XFML in your opinion?

Richard

[Rich]

i downloaded XFML's 2007 yearly report, 668 pages in PDF.
I read most of the financials, and 2007 looks superior to the previous years, ( I havent read that many reports so do your own too verify) even if the mother company XFM didn't excuse a huge loan.
I also read where they didn't meet payments on time for several loans last year, this I believe is why the parent company helped them out. It also seems that Chinas governement had an extremely agressive and abusive tax on companies, on one page the tax was almost 70% of the profit for one of XFML's divisions.

http://xinhuafinancemedia.ir.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingCONVPDF1?SessionID=3SpcWLM DsDmz7Mh&ID=5947553

http://www.xinhuafinancemedia.com/en/for-investors/financial-performance/regulatory-filings/