Deer Consumer Products (DEER) gains on recent financial strength
Posted on: September 7th, 2011Written by:
Deer Consumer Products (Nasdaq: DEER) shares charged ahead 8.4% Wednesday to $4.37. Volume for the stock neared 600,000 shares toward the closing bell, or better than double its daily average of 233,000.
A news release that came out in early August pointed to second-quarter results that were truly impressive. The New York-based company, providing small household and kitchen appliances for global customers, revealed revenues of $45.1 million, an increase of $10.7 million or 31% from $34.5 million for the three months ended June 30, 2010.
Approximately 65% of the sales in the second quarter were generated from China’s domestic markets while approximately 35% were from export markets. The increase in revenues was a result of the company’s expansion of sales in the China domestic market. The company was also able to raise the average selling prices of our products during the quarter and maintained healthy profit margins across our product lines.
Deer’s gross profit margin was approximately 29% for the three months ended June 30, 2011, which reflects blended profit margins between its higher-margin China domestic sales and generally lower margins from export sales.
Second-quarter net income was $7.3 million, an increase of 22% from Q2/2010. Fully diluted earnings per share were $0.22, an EPS increase of 22% from Q2/2010.
On that occasion, company CEO Bill He commented: “Deer is pleased to report record second quarter financial results. In 2010, Deer entered China’s domestic markets with a strong push by putting our ‘DEER’ branded products on the shelves of approximately 3,000 retail locations across China.
He continued, “’DEER’ branded products did especially well in the Guandong Province, Sichuan Province, Shaanxi Province, Zhejiang Province and Shandong Province. In 2011, Deer plans to continue to expand such store presence across China while adding in-store promotional staff to further enhance sales and sell-through. During the second quarter, we experienced strong customer product re-ordering from existing and new customers, as well as various levels of product sell-through. In certain product lines and during Chinese holidays, some of our products sold out completely. We made great efforts to replenish empty shelf space in some markets.”
Document Capture Technologies Inc (DCMT) captures new agreement, stock hikes
Posted on: August 17th, 2011Written by:
Document Capture Technologies Inc (OTCBB: DCMT) saw its stock climb 10.6% to 37.6 cents on word of a new distribution pact with Microtek. No volume was reported for the stock on Wednesday morning.
A news release out August 17 effectively means that Microtek has been named the exclusive Asian distributor for DCT’s industry-leading products.
This relationship combines two global leaders in the design, development and production of image capture technologies and opens significant global revenue opportunities through the strong local sales and marketing presence of each partner. Microtek is the market leader in Asia with 1,500 sales locations and 90 service centers in China.
The release also quotes Document Capture CEO David Clark as saying, “this partnership is undoubtedly one of the most important in DCT’s history.
“Microtek is the industry leader in Asia both in sales and technology. With this bilateral arrangement, DCT gains an unparalleled foothold in the fastest growing economy in the world. We at DCT look forward to this partnership both for the Company and our shareholders.”
Based in Santa Clara, California, Document Capture Technologies is a worldwide leader in the design, development, manufacturing, and sale of USB powered mobile page-fed document capture platforms.
You On Demand Inc. (CBBD) strikes deal with Warner, stock shoots up
Posted on: June 29th, 2011Written by:
You On Demand Inc. (OTCBB: CBBD) shares skyrocketed 17.4% Wednesday to 11.5 cents, a day after signing a new deal with Warner Bros. Volume for the stock topped 10.1 million shares in late Wednesday trading, in contrast with just over a 888,000-share daily average.
A Reuters story Tuesday noted that the Shanghai-based company has agreed with Warner Bros Entertainment’s local joint venture to offer pay per view movies on its newly launched online paid content platform, Youku said on Tuesday.
Under a three-year agreement with Warner Bros, Youku will add 400 to 450 Warner Bros movies to its Youku Premium library.
“People are increasingly willing to pay for high-quality content, and we take the growth of Youku Premium as a sign that the market is improving for paid services,” Dele Liu, Youku’s Chief Financial Officer, was quoted as saying in the Reuters piece.
Youku Premium, officially launched on Tuesday, began beta testing in October 2010. Since then, the service has processed 200,000 paid transactions for its library of more than 300 movies and 3,880 educational programs.
China Youth Media, Inc. (CHYU) surges on news of merger
Posted on: June 27th, 2011Written by:
China Youth Media, Inc. (OTCBB: CHYU) shares leaped 44.4% to 1.3 cents on word of a merger with Midwest Energy Emissions Corp. (ME2C), a North Dakota corporation, the result of which ME2C has become a wholly-owned subsidiary of CHYU. Share volume topped 789,000, compared to an all-day average of less than 18,000.
By virtue of the merger, all of the outstanding shares of common stock of ME2C have been converted into shares of Series B Convertible Preferred Stock of CHYU so that the shareholders of ME2C will upon conversion of the merger shares own 90.0% of CHYU’s issued and outstanding capital stock as of the closing date after giving effect to the merger.
In the June 27 press release announcing the merger, newly-minted China Youth Media CEO John Norris declared, “We are extremely pleased to have completed this important step in our corporate development. We are now looking forward to aggressively deploying our field proven and patented technology throughout the world.”
ME2C develops and delivers patented, cost effective mercury capture systems and technologies to power plants and other coal-burning units in the United States and Canada.
China Youth Media, Inc. is a China-focused youth marketing and media company whose business is to deliver advertising and content to one of the most sought after and fastest growing demographics in the world.
Xinde Technology Company. (WTFS) jumps on stronger markets for products
Posted on: June 16th, 2011Written by:
Xinde Technology Company. (OTCBB: WTFS) shares soared 16.8% to 70.1 cents Thursday, on news that the company’s products were making inroads in the Chinese market. Volume for the stock surpassed 6.7 million shares, compared to only 1,000 or so per day normally, according to data from Yahoo Finance.
On Thursday, the China-based designer and manufacturer of internal combustion engines and parts announced it is confident its products will soon end the technical monopoly current enjoyed in China by concerns outside the country in this key product category.
This, following successful tests and market studies, and the granting of technical patent certification and exclusive manufacturing and distribution rights for its breakthrough diesel engine FIRCRI common rail electrically-controlled fuel injection system.
The Company noted additionally it believes that with slight modifications, its new fuel injection system can be upgraded to meet the Euro IV/V emission standard, which is only slightly lower than the 35.5-mile-per-gallon standard to be adopted in the U.S. in 2016, and likely to become the standard in China in future years.
In a June 16 press release, Xinde CEO Dianjun Liu stated, “Our confidence in this very significant ‘home-grown’ product is supported by the supply letter of intent we have concluded with Weichai Power Co., Ltd, one of the main diesel engine manufacturers in the People’s Republic of China. They are prepared to purchase 200,000 sets of products yearly whenever our new diesel fuel injection system comes to market, which we currently estimate could be in approximately 18 to 24 months.
“At that time,” Liu said in the press release, “we expect to be the sole domestic manufacturer of an electrically-controlled diesel fuel injection system that meets and exceeds the new emission standards that will become mandatory in China in 2015.”
Based in China’s Shandong Province in the city of Weifang, Xinde Technology Company competes in three primary product segments, namely (1) fuel injection system products, (2) diesel engine products and (3) generator products.
Clear Skies Solar (CSKH) stock goes skyward on patent awards
Posted on: May 5th, 2011Written by:
Clear Skies Solar Inc. (OTCBB: CSKH) saw its stock price climb 12.6% Thursday morning to 2.5 cents, on word the Mineola, New York-based energy provider has received patent awards from both the Hong Kong and Chinese governments. Volume for the stock was 502,000 shares, rapidly catching up on an all-day average of 709,444.
The patent awards the company obtained are for its XTRAX® wireless data monitoring system held by its majority-owned subsidiary, Carbon 612 Corporation. Carbon 612 was established for the purpose of housing Clear Skies’ developing technologies related to renewable energy. The XTRAX® unit was specifically developed to collect and measure production data for the monetizing of residential and sub-50-Kilowatt commercial markets, but it has evolved into being available for licensing in other markets such as water and oil management.
The residential and small commercial markets comprise the vast majority of installations in the U.S. as well as most other countries. More than 120,000 solar energy systems are in operation in the U.S. to date and an increase of 30,000 during 2011 is projected.
The company goes on to say the award of these patents opens an enormous market for CSS and Carbon 612 in which to operate. Management of Clear Skies was not immediately available for comment.
Clear Skies Solar, Inc., through its wholly-owned subsidiary, Carbon 612, provides full-service renewable energy solutions to commercial, industrial and agricultural clients across the country.
