: Guangxi Caexpo International Trade and Logistics C
The Project was completed in the fourth quarter of 2007, with the relevant software deployed and the client has signed the initial inspection report. Although the Project has been completed, FTGX will continue to operate as a business.
: Shandong LongDong Peanut Internet Technologies
On March 20, 2008, Forlink invested $71,124 (500,000 RMB), through BFHX, in Shandong LongDong Peanut Internet Technologies Limited (?SLDP?), a PRC limited liability company, established on October 24, 2007, for a 5% equity interest. SLDP, which commenced operations in December 2007, is in the business of providing of providing primary products e-commerce services. The purpose of the investment is to gain cash dividends from SLDP.
We are a leading provider of software solutions and information technology services in China (the ?PRC? or ?China?). We focus on providing Enterprise Application Integration (EAI) solutions for large companies in the telecom, finance, and logistics industries. In May 2004, we launched For-online, which delivers enterprise applications and services over the Internet to small and medium-sized enterprises (SMEs) in China. Since its launch, For-Online is quickly becoming an important new channel for delivering and distributing our products and services to more customers. In August 2007, we launched our integrated e-business application platform For-Online 4.0, and based on this platform, we also released new versions of For-eMarket 3.0 in September 2007, ForCRM in October 2007 and ForOA in October 2007.
In addition to our core business, we believe that there are opportunities for us to expand into new areas and to grow our business not only internally but also through acquisitions. During fiscal 2007, for example, we acquired equity stakes in three companies:
·§ § On April 29, 2007, we acquired 35% equity interest of Beijing GuoXin Forlink Internet Technologies Ltd. (?BGXF?), a privately held PRC Internet technology company, through our subsidiary Beijing Forlink Hua Xin Technology Co., Ltd (?BFHX?).
·§ § On July 12, 2007, we acquired 80% equity interest of Nanning Bulk Commodities Exchange Corporation Ltd. (?NNBCE?), a privately held PRC company, through Forlink Technologies (Guangxi) Ltd. (?FTGX?), the subsidiary of BFHX.
·§ § On September 12, 2007, we acquired 35% equity interest of Guangxi Bulk Sugar & Ethanol Exchange Corporation Ltd. (?GBSEE?), a newly established limited liability company in Nanning, PRC, through NNBCE. We are also beneficiary of the 20% equity interest in GBSEE being held by All China Logistics Online Co., Ltd., in which, in turn, we own 17.8% equity stake. GBSEE was established to provide logistical e-commerce services but the company was dissolved before it started its operations.
wo companies in which we hold equity stakes commenced operations during our first quarter of fiscal 2008:
§ BGXF, in which we hold 35% equity interest, commenced operations with a press conference on March 9, 2008 to announce the launch of its finance study website (http://www.formoney.com.cn) to the public; and
§ NNBCE, in which we hold 80% equity interest, commenced operations on March 28, 2008 by launching its logistical e-commerce services.
We also made a strategic investment during this period. On March 20, 2008, we invested $71,124 (500,000 RMB), through BFHX, in Shandong LongDong Peanut Internet Technologies Ltd. (?SLDP?), a PRC limited liability company established on October 24, 2007, for a 5% equity interest. SLDP is engaged in the business of providing e-commerce services to the agricultural industry, such as an Internet-based exchange platform for sellers and buyers of crops such as peanuts.
On December 24, 2007, our board of directors and the holders of a majority of our issued and outstanding capital stock adopted and approved resolutions to effect a one-for-twenty (1-for-20) reverse stock split of the Company?s outstanding shares of common stock (the ?Reverse Split?). The Reverse Split became effective upon the filing of the Certificate of Amendment to our Articles of Incorporation. Immediately prior to the Reverse Split, the Company had 92,821,707 shares of common stock issued and outstanding. After giving effect to the Stock Split, the Company has approximately 4,641,085 shares of common stock issued and outstanding. The Company's common stock was quoted for trading on a post-split basis on the National Association of Securities Dealers Over-the-Counter Bulletin Board under the new trading symbol ?FLSW? as of the open of the market on March 7, 2008.
For the three-month period ended March 31, 2008, our revenue was $1,657,832, an increase of 33% from our revenue of $1,242,045 for the comparable period in 2007. The increase was mainly due to increased system integration revenue generated from sales of our e-commerce platform software such as For-eMarket 3.0.
For the three-month period ended March 31, 2008, we recorded a net profit of $254,477, or basic and diluted profit of $0.05 per share, compared to a net profit of $232,245, or basic and diluted profit of $0.00 per share, for the same period of 2007. Our capital requirements are primarily working capital requirements related to costs of hardware for network solution projects and costs associated with the expansion of our business. In order to minimize our working capital requirements, we generally obtain from our hardware vendors payment terms that are timed to permit us to receive payment from our customers for the hardware before our payments to our hardware vendors are due. However, we sometimes obtain less favorable payment terms from our customers, thereby increasing our working capital requirements. We have historically financed our working capital and other financing requirements through careful management of our billing cycle and, to a limited extent, bank loans.
Our accounts receivable balance at March 31, 2008 was $1,568,136, as compared to $1,618,697 at the end of 2007.
Our inventory position at the end of the first quarter of 2008 was $714,039, as compared to $498,356 at the end of 2007. The increase was mainly due to the hardware required for the contract with Guangxi Caexpo to build an e-commerce platform.
We ended the first quarter of 2008 with a cash position of $2,928,966. We had a positive operating cash flow of $528,065, primarily due to our net profit and an increase in accounts payable.
Nach diesen Zahlen überlege ich bei Forlink-Aktien nachzufassen. Ob der Kurs nun steigt, sein mal dahingestellt... langfristig kommt man hier nicht an einer Höherbewertung vorbei denke ich. 40% der Marktkapitalisierung wird durch cash abgedeckt, das Geschäftsmodell surrt jetzt seit einigen Quartalen sehr schön beständig, die Beteiligungen werden ausgebaut etc. ... Forlink hat sich in meinen Augen auch in schwierigen Zeiten - DotCom-Krise - gehalten und hat nun Potenzial das Geschäft(u.a. auch über die Beteiligungsstrategie) weiter auszubauen. Ich will auf Sicht von 10 Jahren bei meinen Forlinkaktien eine mind. 10fache Höherbewertung im Vergleich zu heute; -im Grunde ist mir das noch zu wenig!!!
Promulgator: nnbce issues the time: 2008-06-06 The Nanning bulk commodity exchange undergoes more than two month of business, the member unit increases unceasingly, the quotation is day by day active, today the turnover breaks through 5000 tons, the volume of order surpasses 17000 tons, the overall operation condition is steady.
The turnover accumulation surpasses 100,000 tons, south hands over continues the steady operation promulgator: nnbce issues the time: 2008-06-17 The Nanning bulk commodity exchange has started doing business and the official business since March 28, each work methodical advance, with supervises the bank, to hand over to between the warehouse the work maintains the benign revolution, the member unit continues to increase, at present in Nanning bulk commodity exchange bulk commodities and so on transaction's sugar, coffee, spiral steel the forward business turnover maintains the fast growth, up to June 16, in the accumulation commodity the forward electronic transaction turnover surpasses 100,000 tons, the Japan turnover most is high achieves 7000 tons above platforms, the exchange overall operation continues maintains the health is stable. Along with service unceasingly thorough, variety unceasing increase, the Nanning bulk commodity exchange can certainly become the southwest importantly, face Association of Southeast Asian Nations's bulk commodity computerization trade center.
...also für Forlink-Verhältnisse jedenfalls. Weiß jemand was Neues zu berichten? Die Klitsche macht mittlerweile einen echt soliden Eindruck auf mich, gute Geschäftsentwicklung, ordentliche Zahlen. Ich werde das Gefühl nicht los, dass die Hütte kurz vor dem Explodieren steht! *g* Irgendwann muss sich die Warterei ja mal auszahlen...
Weniger Umsatz wegen geringerer Hardwareverkäufe, bessere Marge wegen höheren Softwareverkäufen.
Gewinn erstes Halbjahr = 0,09 US$ je Aktie, ergo 0,18 US$ im Gesamtjahr als Hochrechnung, ergibt ein KGV für 2008 von 9,17. Manko: weiterhin keine stete Umsatzsteigerung; alles sehr volatil. Ich schaue mir die Zahlen jetzt mal genauer an; hier ein erster Auszug:
Consolidated Results of Operations for the Three Months Ended June 30, 2008 and 2007.
For the three-month period ended June 30, 2008, our revenue was $1,336,067, a decrease of 40% from our revenue of $2,233,785 for the comparable period in 2007. The decrease was mainly due to decreased hardware sales.
Cost of Sales
Our cost of sales was $221,774 in the three-month period ended June 30, 2008, representing a decrease of 85% against the comparable period in 2007. The decrease was mainly due to a decrease in hardware sales for the fiscal quarter.
For the three-month period ended June 30, 2008, gross profit was $1,114,293, representing an increase of 8% against the comparable period in 2007. This increase was in line with an increase in software sales for the quarter, which has a higher gross profit ratio than hardware sales.
Total operating expenses were $1,229,502 in the three-month period ended June 30, 2008, representing an increase of 16% against the comparable period in 2007. The overall increase in operating expenses was mainly attributable to increases in selling expenses during the period.
Selling expenses were $471,064 in the three-month periods ended June 30, 2008, representing an increase of 81% against the comparable period in 2007. This increase was primarily due to our increased advertising expenses and sales efforts to market our fast growing ASP (Application Service Provider) services "For-online," our IT outsourcing services, as well as our EAI (Enterprise Application Integration) services "For-eMarket", "ForCRM" and "ForOA".
Research and development expenses were $160,334 in the three-month period ended June 30, 2008, which was approximately the amount we spent on research and development for the comparable period in 2007.
-------------------------------------------------- General and administrative expenses were $598,104 in the three-month periods ended June 30, 2008, representing a decrease of 6% against the comparable period in 2007. The decrease was primarily due to our cost control efforts in office expenses. We strengthened our budget management throughout every department of the Company and we minimized the amount of unnecessary expenses. Operating Profit (Loss)
We recorded an operating loss $115,209 for the three-month period ended June 30, 2008, representing a decrease of 355% against the comparable period in 2007. The decrease in operating profit for the second quarter of fiscal 2008 is attributable to a decrease in system integration.
Our other income was $55 for the three-month period ended June 30, 2008, as compared to $18,520 for the comparable period in 2007. The decrease was due to a decrease in software product sales for the three-month period ended June 30, 2008. Our other income is mainly derived from a value added tax refund associated with our software product sales. Software sales in China are subject . . .
Guangxi to harness medium and long-term electronic trading 2008-08-21 11:00:01
Guangxi Nanning Bulk Commodities Exchange will unveil China?s first medium and long-term electronic trading platform for rosin trading. The spot, medium, and long-term electronic trading modes will thus be applied in the country?s rosin trading.
China?s electronic trading developed rapidly in recent years. So far, e-trade is available for bulk commodities like sugar, steel, coffee, and paper pulp.
The output and exports of rosin in Guangxi account for 40 percent of China?s total. The country now boasts more than 800 rosin firms with an output of 700,000 ?C 750,000 tons, accounting for about 70 percent of the world?s total. Over 400,000 tons of rosin is exported, accounting for 80 percent of the world?s total trade volume.
Forlink Successfully Completes the Core Communication Security Guaratee Services for the Beijing 2008 Olympic Games
§ The Beijing 2008 Olympic Games closed Sunday, August 24th in National Stadium. Forlink supported China Mobile Communications Corporation ("China Mobile") to complete the core communication security guarantee services for the Beijing 2008 Olympic Games, and was highly praised by China Mobile.
China Mobile as the sole mobile communication cooperator for the 2008 Beijing Olympic Games is sparing no effort to fulfill its three solemn commitments to provide the Olympic Games with "the most advanced technology, the most abundant businesses, and the most thoughtful service".
During the course of the 2008 Beijing Olympic Games and the Paralympic Games, besides its routine network construction and product development, China Mobile will also have to respond to any possible emergency. In allusion to the possible sharp growth of voice traffic at the opening and closing ceremonies of the Beijing 2008 Olympic Games, they have begun to get prepared very early: Firstly, obtain the first-hand data about the venues for the Games; then, estimate the total amount of people to be present at the opening and closing ceremonies; in the end, conduct reasonable network configuration and develop various contingency pre-plans on basis of such data.
During the total course of the 2008 Beijing Olympic Games, as a partner of China Mobile, tens of employees of Forlink took part in the communication security guarantee services. Forlink was highly commended for its hard work and professional spirit by China Mobile.
Forlink is now struggling for the coming Beijing 2008 Paralympic Games and wishes to provide better services.
Hoffentlich gibts jetzt grössere Aufträge von China Mobile für Forlink !!!Sonst wird das nichts mehr...